Skip to content
Nonprofiteer
← SOUTHERN TIER REGIONAL ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by SOUTHERN TIER REGIONAL ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$173,909
Total expenses
-$21,418
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$173,256
Investment income
$653
Other revenue
$0
Total assets, end of year
$14,531,130
Total liabilities, end of year
$140,064
Net assets or fund balances, end of year
$14,391,066
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LOAN INTEREST

    total $173,206 · related or exempt $173,206

  • 2b · Program service revenue: SERVICE FEES

    total $50 · related or exempt $50

  • 3 · Investment income

    total $653 · excluded $653

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $85,988

  • 11b · Fees: legal

    total $2,000

  • 11c · Fees: accounting

    total $11,351

  • 12 · Advertising and promotion

    total $603

  • 13 · Office expenses

    total $95

  • 23 · Insurance

    total $6,005

  • 24a · Other expenses: NYS FILING FEES

    total $750

  • 24b · Other expenses: BAD DEBT EXPENSE

    total -$128,210

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $238,024 · end of year $293,734

  • 2 · Savings and temporary cash investments

    beginning of year $2,359,144 · end of year $3,859,426

  • 7 · Other notes and loans receivable

    beginning of year $11,742,491 · end of year $10,377,970

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,255 · end of year $21,399

  • 19 · Deferred revenue

    beginning of year $118,665 · end of year $118,665

  • 27 · Net assets without donor restrictions

    beginning of year $14,195,739 · end of year $14,391,066

Mission and programs · 2022

Mission

TO PROMOTE INDUSTRIAL DEVELOPMENT AND ECONOMIC PROSPERITY IN BROOME COUNTY, CHEMUNG COUNTY, CHENANGO COUNTY, DELAWARE COUNTY, SCHUYLER COUNTY, STEUBEN COUNTY, TIOGA COUNTY, AND TOMPKINS COUNTY.

  • TO PROMOTE INDUSTRIAL DEVELOPMENT AND ECONOMIC PROSPERITY IN BROOME COUNTY, CHEMUNG COUNTY, CHENANGO COUNTY, DELAWARE COUNTY, SCHUYLER COUNTY, STEUBEN COUNTY, TIOGA COUNTY, AND TOMPKINS COUNTY.

As filed on the 2022 return.

Listed in Part VII

  • Leeann Tinney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Glenn Nealis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy McKinney Cherry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Heather McDaniel

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joe Roman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stacey Duncan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kerri Green

    DIRECTOR (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • James Johnson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Salvatore Testani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George Miner

    SECRETARY

    Total calculated
    $97,246
    From this org
    $0
    From related orgs
    $91,750
    Other
    $5,496
    Hours/week
    14 + 21 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202303049349300820

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.