Form 990 for tax year 2023
Filed by ENTERPRISE DEVELOPMENT CENTER OF ERIE COUNTY INC.
Totals
- Total revenue
- $8,593,440
- Total expenses
- $2,488,853
- Contributions and grants received
- $7,888,747
- Grants paid
- $0
- Program service revenue
- $138,500
- Investment income
- $192,625
- Other revenue
- $373,568
- Total assets, end of year
- $24,222,074
- Total liabilities, end of year
- $15,720,724
- Net assets or fund balances, end of year
- $8,501,350
- Program services expenses (Part IX)
- $2,331,653
- Management and general expenses
- $157,200
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,331,653
Program services were 93.7% 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.
-
1e · Government grants (contributions)
$7,888,747
-
2a · Program service revenue: Program fees
total $138,500 · related or exempt $138,500
-
3 · Investment income
total $192,625 · excluded $192,625
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $214,032
-
6c · Rental income or loss
real property $214,032
-
6d · Net rental income or loss
total $214,032 · related or exempt $214,032
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Reimbursed Expenses
total $159,536 · excluded $159,536
-
11e · Other revenue, total
$159,536
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $8,156 · program services $8,156
-
11c · Fees: accounting
total $9,350 · program services $9,350
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $2,520 · program services $2,520
-
13 · Office expenses
total $797 · program services $797
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $201,102 · program services $201,102
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,012,210 · program services $2,012,210
-
23 · Insurance
total $16,896 · program services $16,896
-
24a · Other expenses: Administration Exp
total $157,200 · management and general $157,200
-
24b · Other expenses: Real Estate taxes
total $56,822 · program services $56,822
-
24c · Other expenses: Contracted services
total $23,227 · program services $23,227
-
24d · Other expenses: Other operating
total $573 · program services $573
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,877,489 · end of year $8,325,670
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $9,000 · end of year $9,000
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$18,736,043
-
10b · Land, buildings and equipment: accumulated depreciation
$2,848,639
-
10c · Land, buildings and equipment, net
beginning of year $5,153,440 · end of year $15,887,404
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $3,120 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $212,929 · end of year $181,637
-
19 · Deferred revenue
beginning of year $2,478,809 · end of year $3,024,197
-
23 · Secured mortgages and notes payable
beginning of year $2,954,548 · end of year $12,514,890
-
27 · Net assets without donor restrictions
beginning of year $2,396,763 · end of year $8,501,350
Mission and programs · 2023
Mission
To facilitate retention and creation of jobs and increase prosperity in the Erie region while building the economic development infrastructure through the acquisition, development and redevelopment of real estate in Erie County.
-
To facilitate retention and creation of jobs and increase properity in the Erie region while building the economic development infratructure through the acquisition, development and redevelopment of real estate in Erie County.
Expenses $2,331,653
As filed on the 2023 return.
Listed in Part VII
-
Laith Wardi
Vice Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Daryl Terella
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jackie Spry
Director
- Total calculated
- $0
- Hours/week
- 2
-
David Tullio
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Jessica Horan-Kunco
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jacob Rouch
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Matt Zonno
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kim Thomas
NonVotingMember
- Total calculated
- $0
- Hours/week
- 0
-
Jay Alberstadt Esq
Council
- Total calculated
- $0
- Hours/week
- 0
-
Harry Eighmy
Board Liaison
- Total calculated
- $0
- Hours/week
- 0
-
Leah Manino
Vice President
- Total calculated
- $0
- Hours/week
- 0
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520779349301017
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