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Nonprofiteer
← THE ECONOMIC DEVELOPMENT GROUP INC

Form 990 for tax year 2023

Filed by THE ECONOMIC DEVELOPMENT GROUP INC.

Totals

Total revenue
$5,648,772
Total expenses
$5,072,422
Contributions and grants received
$4,771,648
Grants paid
$0
Program service revenue
$360,604
Investment income
$0
Other revenue
$516,520
Total assets, end of year
$5,420,359
Total liabilities, end of year
$2,354,684
Net assets or fund balances, end of year
$3,065,675
Program services expenses (Part IX)
$3,609,781
Management and general expenses
$1,426,641
Fundraising expenses
$36,000
Program service expenses (Part III)
$3,609,781

Program services were 71.2% 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.

  • 1c · Fundraising events

    $169,710

  • 1e · Government grants (contributions)

    $2,136,366

  • 1f · All other contributions, gifts and grants

    $2,465,572

  • 2a · Program service revenue: PROGRAM REVENUE

    total $283,411 · related or exempt $283,411

  • 2b · Program service revenue: RENTAL INCOME

    total $77,193 · related or exempt $77,193

  • 8a · Fundraising events: gross income

    $16,118

  • 8a · Fundraising events: contributions included on line 1c

    $169,710

  • 8b · Fundraising events: direct expenses

    $113,483

  • 8c · Net income from fundraising events

    total -$97,365 · excluded -$97,365

  • 10a · Gross sales of inventory

    $34,069

  • 10b · Cost of goods sold

    $37,537

  • 10c · Net income from sales of inventory

    total -$3,468 · excluded -$3,468

  • 11a · Other revenue: TUITION SHARING

    total $465,427 · related or exempt $465,427

  • 11b · Other revenue: OTHER

    total $151,926 · related or exempt $151,926

  • 11e · Other revenue, total

    $617,353

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $558,641 · program services $446,913 · management and general $111,728

  • 7 · Other salaries and wages

    total $1,625,730 · program services $1,198,510 · management and general $427,220

  • 9 · Other employee benefits

    total $404,915 · program services $301,671 · management and general $103,244

  • 11b · Fees: legal

    total $9,341 · management and general $9,341

  • 11c · Fees: accounting

    total $123,425 · management and general $123,425

  • 11g · Fees: other

    total $175,982 · management and general $139,982 · fundraising $36,000

  • 12 · Advertising and promotion

    total $178,832 · management and general $178,832

  • 13 · Office expenses

    total $20,823 · program services $2,607 · management and general $18,216

  • 16 · Occupancy

    total $569,875 · program services $450,201 · management and general $119,674

  • 17 · Travel

    total $9,349 · management and general $9,349

  • 19 · Conferences, conventions and meetings

    total $62,675 · management and general $62,675

  • 22 · Depreciation, depletion and amortization

    total $143,879 · program services $114,280 · management and general $29,599

  • 23 · Insurance

    total $22,607 · program services $17,860 · management and general $4,747

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $470,821 · program services $470,821

  • 24b · Other expenses: TUITION ASSISTANCE

    total $311,882 · program services $311,882

  • 24c · Other expenses: SECURITY

    total $206,151 · program services $162,859 · management and general $43,292

  • 24d · Other expenses: MINOR EQUIPMENT AND SOF

    total $124,098 · program services $110,168 · management and general $13,930

  • 24e · All other expenses

    total $53,396 · program services $22,009 · management and general $31,387

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $915,214 · end of year $717,801

  • 2 · Savings and temporary cash investments

    beginning of year $2,011,486 · end of year $3,589,015

  • 3 · Pledges and grants receivable

    beginning of year $56,170 · end of year $462,788

  • 8 · Inventories for sale or use

    beginning of year $6,818 · end of year $5,716

  • 9 · Prepaid expenses and deferred charges

    beginning of year $165,738 · end of year $204,788

  • 10a · Land, buildings and equipment: cost or other basis

    $1,044,996

  • 10b · Land, buildings and equipment: accumulated depreciation

    $621,996

  • 10c · Land, buildings and equipment, net

    beginning of year $507,317 · end of year $423,000

  • 15 · Other assets

    beginning of year $23,524 · end of year $17,251

  • 17 · Accounts payable and accrued expenses

    beginning of year $175,101 · end of year $186,511

  • 19 · Deferred revenue

    beginning of year $998,317 · end of year $2,150,922

  • 25 · Other liabilities

    beginning of year $23,524 · end of year $17,251

  • 27 · Net assets without donor restrictions

    beginning of year $2,437,982 · end of year $3,012,086

  • 28 · Net assets with donor restrictions

    beginning of year $51,343 · end of year $53,589

Mission and programs · 2023

Mission

THE MISSION OF NORTHLAND WORKING TRAINING CENTER IS TO ADVANCE THE ECONOMIC WELL-BEING OF WESTERN NEW YORK BY DEVELOPING AND MAINTAINING A SKILLED AND DIVERSE WORKFORCE TO MEET THE NEEDS OF THE ADVANCED MANUFACTURING AND ENERGY SECTORS, WHILE PROVIDING OPPORTUNITIES TO JOB SEEKERS AS WELL AS PATHWAYS TO GAINFUL EMPLOYMENT, CAREER ADVANCEMENT AND ECONOMIC SUSTAINABILITY.

Activities or mission (Part I)

THE MISSION OF NORTHLAND IS TO ADVANCE THE ECONOMIC WELL-BEING OF WESTERN NEW YORK BY DEVELOPING AND MAINTAINING A SKILLED AND DIVERSE WORKFORCE TO MEET THE NEEDS OF THE ADVANCED MANUFACTURING AND ENERGY SECTORS, WHILE PROVIDING OPPORTUNITIES TO JOB SEEKERS AS WELL AS PATHWAYS TO GAINFUL EMPLOYMENT, CAREER ADVANCEMENT AND ECONOMIC SUSTAINABILITY.

  • NORTHLAND WORKFORCE TRAINING CENTER HOUSES TWO CO-LOCATED TRAINING FACILITIES: THE ADVANCED MANUFACTURING TRAINING CENTER AND THE UTILITY OF THE FUTURE & CLEAN ENERGY TRAINING CENTER, TO INCREASE THE NUMBER AND QUALITY OF LOCAL CANDIDATES PREPARED FOR ENERGY AND ADVANCED MANUFACTURING CAREERS. NORTHLAND PROVIDES FOR-CREDIT, CERTIFICATE AND DEGREE PROGRAMS AS CORE OFFERINGS THROUGH ITS EDUCATIONAL PARTNERS, SUNY ALFRED STATE COLLEGE AND SUNY ERIE COMMUNITY COLLEGE, INCORPORATING EVIDENCE-BASED PLACEMENT STRATEGIES, SUCH AS CO-OPS, APPRENTICESHIPS AND INTERNSHIPS, AND AN EMPHASIS ON PERMANENT EMPLOYMENT.

    Expenses $3,609,781 · Revenue $977,957

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dennis Elsenbeck

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve Finch

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kristin M Re

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Rand

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chris Sansone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Randi Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Kujawa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Kessler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Will Keresztes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Devale Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nina Heard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pastor James Giles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karla Gadley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marjorie Bryen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Beauford Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deacon Steve Schumer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Tucker

    PRESIDENT & CEO

    Total calculated
    $342,131
    From this org
    $315,301
    From related orgs
    $0
    Other
    $26,830
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $315,301
    Bonus
    $0
    Other
    $0
    Deferred
    $8,985
    Nontaxable benefits
    $17,845
    Filer's total
    $342,131

  • Asantewa Holley

    VP OF OPERATIONS

    Total calculated
    $117,838
    From this org
    $108,087
    From related orgs
    $0
    Other
    $9,751
    Hours/week
    50

  • Carolyn Storms-Stoltman

    VP OF ENROLLMENT AND ORGAN

    Total calculated
    $129,346
    From this org
    $112,208
    From related orgs
    $0
    Other
    $17,138
    Hours/week
    50

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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
21 April 2025
IRS schema version
2023v6.0
Source object
202531139349300433

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