Form 990 for tax year 2025
Filed by ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION.
Totals
- Total revenue
- $6,388,617
- Total expenses
- $6,672,242
- Contributions and grants received
- $1,290,797
- Grants paid
- $169,802
- Program service revenue
- $4,665,242
- Investment income
- $134,492
- Other revenue
- $298,086
- Total assets, end of year
- $48,414,592
- Total liabilities, end of year
- $17,472,441
- Net assets or fund balances, end of year
- $30,942,151
- Program services expenses (Part IX)
- $6,095,579
- Management and general expenses
- $576,663
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,095,579
Program services were 91.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1b · Membership dues
$127,500
-
1c · Fundraising events
$294,171
-
1e · Government grants (contributions)
$625,763
-
1f · All other contributions, gifts and grants
$243,363
-
2a · Program service revenue: PAYMENT IN LIEU OF TAX
total $2,376,866 · related or exempt $2,376,866
-
2b · Program service revenue: SERVICE CONTRACTS
total $1,629,735 · related or exempt $1,629,735
-
2c · Program service revenue: LEASE INCOME
total $592,369 · related or exempt $592,369
-
2d · Program service revenue: LOAN INTEREST INCOME
total $66,272 · related or exempt $66,272
-
3 · Investment income
total $96,989 · excluded $96,989
-
7a · Gross sales of assets other than inventory
other assets $239,468
-
7b · Less cost or other basis and sales expenses
other assets $201,965
-
7c · Gain or loss
other assets $37,503
-
7d · Net gain or loss
total $37,503 · excluded $37,503
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$294,171
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER INCOME
total $298,086 · related or exempt $298,086
-
11e · Other revenue, total
$298,086
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $169,802 · program services $169,802
-
5 · Compensation of officers, directors and key employees
total $612,699 · program services $470,981 · management and general $141,718
-
7 · Other salaries and wages
total $715,227 · program services $549,395 · management and general $165,832
-
8 · Pension plan contributions
total $41,373 · program services $31,774 · management and general $9,599
-
9 · Other employee benefits
total $96,099 · program services $73,825 · management and general $22,274
-
10 · Payroll taxes
total $93,107 · program services $71,541 · management and general $21,566
-
11b · Fees: legal
total $173,919 · program services $133,635 · management and general $40,284
-
11c · Fees: accounting
total $29,000 · management and general $29,000
-
11g · Fees: other
total $1,775,404 · program services $1,747,582 · management and general $27,822
-
12 · Advertising and promotion
total $79,474 · program services $72,626 · management and general $6,848
-
13 · Office expenses
total $70,818 · program services $28,944 · management and general $41,874
-
14 · Information technology
total $96,987 · program services $74,522 · management and general $22,465
-
16 · Occupancy
total $32,563 · program services $25,497 · management and general $7,066
-
17 · Travel
total $29,955 · program services $26,445 · management and general $3,510
-
20 · Interest
total $677,800 · program services $677,800
-
22 · Depreciation, depletion and amortization
total $571,538 · program services $571,538
-
23 · Insurance
total $148,853 · program services $119,905 · management and general $28,948
-
24a · Other expenses: AMORTIZATION OF PROJECT
total $754,627 · program services $754,627
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $271,068 · program services $271,068
-
24c · Other expenses: LEASE RELATED EXPENSES
total $111,029 · program services $111,029
-
24d · Other expenses: AWARDS DINNER EXPENSE
total $57,201 · program services $57,201
-
24e · All other expenses
total $63,699 · program services $55,842 · management and general $7,857
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,376,133 · end of year $895,851
-
2 · Savings and temporary cash investments
beginning of year $4,199,685 · end of year $3,834,127
-
3 · Pledges and grants receivable
beginning of year $2,069,183 · end of year $395,442
-
4 · Accounts receivable
beginning of year $467,903 · end of year $828,529
-
7 · Other notes and loans receivable
beginning of year $2,645,867 · end of year $2,449,338
-
9 · Prepaid expenses and deferred charges
beginning of year $46,376 · end of year $89,068
-
10a · Land, buildings and equipment: cost or other basis
$35,198,255
-
10b · Land, buildings and equipment: accumulated depreciation
$2,594,714
-
10c · Land, buildings and equipment, net
beginning of year $29,497,347 · end of year $32,603,541
-
15 · Other assets
beginning of year $8,144,703 · end of year $7,318,696
-
17 · Accounts payable and accrued expenses
beginning of year $4,320,007 · end of year $682,964
-
19 · Deferred revenue
beginning of year $183,713 · end of year $189,748
-
21 · Escrow or custodial account liability
beginning of year $270,061 · end of year $130,093
-
23 · Secured mortgages and notes payable
beginning of year $8,783,993 · end of year $8,173,566
-
25 · Other liabilities
beginning of year $5,663,647 · end of year $8,296,070
-
27 · Net assets without donor restrictions
beginning of year $31,165,426 · end of year $30,881,801
-
28 · Net assets with donor restrictions
beginning of year $60,350 · end of year $60,350
Mission and programs · 2025
Mission
STRENGTHEN LOCAL BUSINESS, ATTRACT NEW INDUSTRIES AND TALENT, AND CREATE VIBRANT COMMUNITIES TO GROW THE MOHAWK VALLEY ECONOMY.
Activities or mission (Part I)
TO STRENGTHEN LOCAL BUSINESS, ATTRACT NEW INDUSTRIES AND TALENT, AND CREATE VIBRANT COMMUNITIES TO GROW THE MOHAWK VALLEY ECONOMY
-
ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION (EDGE) AND ITS SUBSIDIARY ARE INVOLVED IN ACTIVITIES DESIGNED TO IMPROVE AND EXPAND THE BUSINESS COMMUNITY AND EMPLOYMENT WITHIN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS AND PROMOTE THE GENERAL ECONOMIC DEVELOPMENT OF THE AREA. A PRIMARY ACTIVITY OF EDGE IS THE ARRANGEMENT OF AND/OR PARTICIPATION IN FINANCING PACKAGES FOR LOCAL BUSINESSES, PRINCIPALLY THROUGH LOCAL BANKS, THE SMALL BUSINESS ADMINISTRATION, AND THE EMPIRE STATE DEVELOPMENT CORPORATION. IN ADDITION, EDGE PREPARES ECONOMIC DEVELOPMENT PLANS, PERFORMS RESEARCH, AND CARRIES OUT A UNIFIED MARKETING PROGRAM FOR THE PURPOSE OF ADVANCING ECONOMIC GROWTH IN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS. A SIGNIFICANT PORTION OF EDGE'S REVENUE IS DERIVED FROM GOVERNMENT GRANTS.
Expenses $6,095,579 · Grants $169,802 · Revenue $4,963,328
As filed on the 2025 return.
Listed in Part VII
-
Lawrence T Gilroy IIILAWRENCE T GILROY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael GodsenMICHAEL GODSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fred MattFRED MATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt NichollMATT NICHOLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter BaildonPETER BAILDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marianne GaigeMARIANNE GAIGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael FrameMICHAEL FRAME
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick BecherPATRICK BECHER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Justin HummelJUSTIN HUMMEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Russ BrewerRUSS BREWER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Raymond HalbritterRAYMOND HALBRITTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randy Van WagonerRANDY VAN WAGONER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan O'ShaughnessyRYAN O'SHAUGHNESSY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles GreenCHARLES GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John RomanoJOHN ROMANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian LoughlinBRIAN LOUGHLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen WatersSTEPHEN WATERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alicia DicksALICIA DICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David M ManzelmannDAVID M MANZELMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John BuffaJOHN BUFFA
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Maria KontaridisMARIA KONTARIDIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John J PiseckJOHN J PISECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard TantilloRICHARD TANTILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David KavneyDAVID KAVNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian AndersonBRIAN ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas MayhewNICHOLAS MAYHEW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rocco ArcuriROCCO ARCURI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark LewisMARK LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim McCarthyJIM MCCARTHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Geno DecondoGENO DECONDO
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sabrina WebsterSABRINA WEBSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darlene StromstadDARLENE STROMSTAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa BetrusLISA BETRUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ron BelleRON BELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan ThompsonRYAN THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John SnyderJOHN SNYDER
EX-OFFICIO VOTING MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ronald EdwardsRONALD EDWARDS
EX-OFFICIO VOTING MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William BowerWILLIAM BOWER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andy RussellANDY RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael BushardtMICHAEL BUSHARDT
EX-OFFICIO VOTING MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nick AngelicolaNICK ANGELICOLA
EX-OFFICIO VOTING MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Anna D'AmbrosioANNA D'AMBROSIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard EvansRICHARD EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nick AlgerNICK ALGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd PfannestielTODD PFANNESTIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg EvansGREG EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen KorotzerKAREN KOROTZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve SuraceSTEVE SURACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Douglas WaltersDOUGLAS WALTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Denise CavanaughDENISE CAVANAUGH
EX-OFFICIO VOTING MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kevin GaglioneKEVIN GAGLIONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark BarracoMARK BARRACO
SECRETARY, NON-VOTING
- Total calculated
- $138,559
- From this org
- $114,736
- From related orgs
- $0
- Other
- $23,823
- Hours/week
- 40
-
Nicholas BrunoNICHOLAS BRUNO
SECRETARY, NON-VOTING
- Total calculated
- $70,752
- From this org
- $64,488
- From related orgs
- $0
- Other
- $6,264
- Hours/week
- 40
-
Maureen CarneyMAUREEN CARNEY
CHIEF FINANCIAL OFFICER
- Total calculated
- $132,670
- From this org
- $116,225
- From related orgs
- $0
- Other
- $16,445
- Hours/week
- 40
-
Shawna PapaleSHAWNA PAPALE
PRESIDENT
- Total calculated
- $270,718
- From this org
- $217,722
- From related orgs
- $0
- Other
- $52,996
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $217,722
- Bonus
- $0
- Other
- $0
- Deferred
- $21,772
- Nontaxable benefits
- $31,224
- Filer's total
- $270,718
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
INSTALLATION OF HIGH EFFICIENCY NATURAL GAS BOILERS
-
MOHAWK VALLEY HANDYMAN LLC
$35,000
JOBS CREATION PROJECT GRANT
-
CONGIUS LLC
$33,437
JOBS CREATION PROJECT GRANT
-
NEW VENTURE ADVISORS LLC
$5,600
DAIRY PROCESSING STUDY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
5900 SUCCESS DR REALTY LLC
REAL ESTATE HOLDING · NY · assets $37,100
Directly controlled by ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 23 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202622669349301027
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