Form 990 for tax year 2022
Filed by ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION.
Totals
- Total revenue
- $5,942,134
- Total expenses
- $5,992,359
- Contributions and grants received
- $1,442,538
- Grants paid
- $672,573
- Program service revenue
- $4,299,954
- Investment income
- $724
- Other revenue
- $198,918
- Total assets, end of year
- $40,406,038
- Total liabilities, end of year
- $12,932,322
- Net assets or fund balances, end of year
- $27,473,716
- Program services expenses (Part IX)
- $5,340,733
- Management and general expenses
- $651,626
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,340,733
Program services were 89.1% 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
$112,500
-
1c · Fundraising events
$129,000
-
1e · Government grants (contributions)
$869,842
-
1f · All other contributions, gifts and grants
$331,196
-
2a · Program service revenue: PAYMENT IN LIEU OF TAX
total $2,474,166 · related or exempt $2,474,166
-
2b · Program service revenue: SERVICE CONTRACTS
total $1,570,818 · related or exempt $1,570,818
-
2c · Program service revenue: LEASE INCOME
total $220,000 · related or exempt $220,000
-
2d · Program service revenue: LOAN INTEREST INCOME
total $34,970 · related or exempt $34,970
-
3 · Investment income
total $8,493 · excluded $8,493
-
7a · Gross sales of assets other than inventory
securities $77,850
-
7b · Less cost or other basis and sales expenses
securities $85,619
-
7c · Gain or loss
securities -$7,769
-
7d · Net gain or loss
total -$7,769 · excluded -$7,769
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$129,000
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER INCOME
total $198,918 · related or exempt $198,918
-
11e · Other revenue, total
$198,918
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $672,573 · program services $672,573
-
5 · Compensation of officers, directors and key employees
total $475,538 · program services $332,592 · management and general $142,946
-
7 · Other salaries and wages
total $688,090 · program services $481,241 · management and general $206,849
-
8 · Pension plan contributions
total $75,687 · program services $52,935 · management and general $22,752
-
9 · Other employee benefits
total $99,702 · program services $87,185 · management and general $12,517
-
10 · Payroll taxes
total $95,166 · program services $66,558 · management and general $28,608
-
11b · Fees: legal
total $120,878 · program services $84,541 · management and general $36,337
-
11c · Fees: accounting
total $27,900 · management and general $27,900
-
11g · Fees: other
total $2,061,547 · program services $2,025,619 · management and general $35,928
-
12 · Advertising and promotion
total $54,460 · program services $50,827 · management and general $3,633
-
13 · Office expenses
total $66,290 · program services $27,148 · management and general $39,142
-
14 · Information technology
total $77,080 · program services $53,909 · management and general $23,171
-
16 · Occupancy
total $45,958 · program services $34,129 · management and general $11,829
-
17 · Travel
total $17,083 · program services $8,366 · management and general $8,717
-
20 · Interest
total $401,256 · program services $401,256
-
22 · Depreciation, depletion and amortization
total $526,827 · program services $526,827
-
23 · Insurance
total $107,192 · program services $62,274 · management and general $44,918
-
24a · Other expenses: LEASE RELATED EXPENSES
total $157,357 · program services $157,357
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $120,244 · program services $120,244
-
24c · Other expenses: AWARDS DINNER EXPENSE
total $40,003 · program services $40,003
-
24d · Other expenses: MISCELLANEOUS
total $38,130 · program services $32,950 · management and general $5,180
-
24e · All other expenses
total $23,398 · program services $22,199 · management and general $1,199
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $993,563 · end of year $1,771,961
-
2 · Savings and temporary cash investments
beginning of year $2,081,564 · end of year $4,885,730
-
3 · Pledges and grants receivable
beginning of year $401,906 · end of year $197,065
-
4 · Accounts receivable
beginning of year $93,195 · end of year $833,310
-
7 · Other notes and loans receivable
beginning of year $2,865,294 · end of year $2,745,091
-
9 · Prepaid expenses and deferred charges
beginning of year $563,042 · end of year $74,588
-
10a · Land, buildings and equipment: cost or other basis
$21,559,356
-
10b · Land, buildings and equipment: accumulated depreciation
$1,229,592
-
10c · Land, buildings and equipment, net
beginning of year $20,723,112 · end of year $20,329,764
-
11 · Investments: publicly traded securities
beginning of year $174,272 · end of year $169,815
-
15 · Other assets
beginning of year $8,420,635 · end of year $9,398,714
-
17 · Accounts payable and accrued expenses
beginning of year $244,760 · end of year $416,315
-
19 · Deferred revenue
beginning of year $92,006 · end of year $454,612
-
21 · Escrow or custodial account liability
beginning of year $17,409 · end of year $17,409
-
23 · Secured mortgages and notes payable
beginning of year $2,283,297 · end of year $9,585,346
-
25 · Other liabilities
beginning of year $6,134,100 · end of year $2,458,640
-
27 · Net assets without donor restrictions
beginning of year $27,484,661 · end of year $27,413,366
-
28 · Net assets with donor restrictions
beginning of year $60,350 · end of year $60,350
Mission and programs · 2022
Mission
TO IMPROVE AND EXPAND BUSINESS, COMMUNITY AND EMPLOYMENT OPPORTUNITIES IN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS.
-
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 $5,340,733 · Grants $672,573 · Revenue $4,498,872
As filed on the 2022 return.
Listed in Part VII
-
Lawrence T Gilroy IIILAWRENCE T GILROY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michele SalisburyMICHELE SALISBURY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura CasamentoLAURA CASAMENTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ronald A CuccaroRONALD A CUCCARO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt NichollMATT NICHOLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Enessa CarboneENESSA CARBONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harold T Clark JrHAROLD T CLARK JR
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
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick BecherPATRICK BECHER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Justin HummelJUSTIN HUMMEL
VICE CHAIR
- 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
-
Sondra ButcherSONDRA BUTCHER
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
-
Richard CreedonRICHARD CREEDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian LoughlinBRIAN LOUGHLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas MattNICHOLAS MATT
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
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria KontaridisMARIA KONTARIDIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Timothy ButcherTIMOTHY BUTCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike HennesseyMIKE HENNESSEY
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
-
Eve Van De WalEVE VAN DE WAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David KavneyDAVID KAVNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael J ParsonsMICHAEL J PARSONS
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
-
Cathleen McColginCATHLEEN MCCOLGIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rocco ArcuriROCCO ARCURI
BOARD CHAIR
- 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
-
Daria HelmerDARIA HELMER
EX-OFFICIO VOTING MEMBER
- 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
-
Adam HovakADAM HOVAK
EX-OFFICIO VOTING MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard DoweRICHARD DOWE
EX-OFFICIO VOTING MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas BrunoNICHOLAS BRUNO
SECRETARY
- Total calculated
- $84,198
- From this org
- $72,957
- From related orgs
- $0
- Other
- $11,241
- Hours/week
- 40
-
Maureen CarneyMAUREEN CARNEY
CHIEF FINANCIAL OFFICER
- Total calculated
- $128,165
- From this org
- $108,112
- From related orgs
- $0
- Other
- $20,053
- Hours/week
- 40
-
Steven DimeoSTEVEN DIMEO
PRESIDENT
- Total calculated
- $238,218
- From this org
- $209,102
- From related orgs
- $0
- Other
- $29,116
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $234,059
- Bonus
- $0
- Other
- -$24,957
- Deferred
- $23,406
- Nontaxable benefits
- $5,710
- Filer's total
- $238,218
-
Shawna PapaleSHAWNA PAPALE
CHIEF ADMINISTRATIVE OFFICER
- Total calculated
- $175,664
- From this org
- $134,967
- From related orgs
- $0
- Other
- $40,697
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,967
- Bonus
- $0
- Other
- $0
- Deferred
- $15,703
- Nontaxable benefits
- $24,994
- Filer's total
- $175,664
-
William VanshufflinWILLIAM VANSHUFFLIN
SENIOR VICE PRESIDENT PLAN
- Total calculated
- $135,158
- From this org
- $121,270
- From related orgs
- $0
- Other
- $13,888
- Hours/week
- 40
-
Christian MercurioCHRISTIAN MERCURIO
VICE PRESIDENT PLANNING AN
- Total calculated
- $121,564
- From this org
- $107,925
- From related orgs
- $0
- Other
- $13,639
- Hours/week
- 40
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 · Independent compensation consultant
- 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
-
SQUARE ONE COATING SYSTEMS
$104,000
JOBS CREATION PROJECT GRANT
-
ADIRONDACK SHEET METAL
$95,000
COVID-19 SMALL BUSINESS RELIEF PROGRAM
-
NORTEK POWDER COATING LLC
$95,000
COVID-19 SMALL BUSINESS RELIEF PROGRAM
-
R-TRONICS INC
$85,000
COVID-19 SMALL BUSINESS RELIEF PROGRAM
-
METAL LOGIX DESIGN AND FABRICATION INC
$85,000
COVID-19 SMALL BUSINESS RELIEF PROGRAM
-
PATLA ENTERPRISES INC
$45,000
COVID-19 SMALL BUSINESS RELIEF PROGRAM
-
ROLLING STAR MANUFACTURING INC
$45,000
COVID-19 SMALL BUSINESS RELIEF PROGRAM
-
QUALITY DAIRY FARMS INC
$37,500
COVID-19 SMALL BUSINESS RELIEF PROGRAM
-
CALVINS DAIRY
$25,003
JOBS CREATION PROJECT GRANT
-
VALLEY SIGNS AND DESIGNS INC
$25,000
COVID-19 SMALL BUSINESS RELIEF PROGRAM
The 10 largest by cash amount. The API serves every itemized grant.
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
- 2022
- Filed
- 13 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301729349300415
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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