Skip to content
Nonprofiteer
← CENTER FOR ECONOMIC GROWTH

Form 990 for tax year 2022

Filed by CENTER FOR ECONOMIC GROWTH.

Totals

Total revenue
$1,283,587
Total expenses
$1,465,356
Contributions and grants received
$971,503
Grants paid
$376,841
Program service revenue
$298,648
Investment income
$635
Other revenue
$12,801
Total assets, end of year
$1,845,501
Total liabilities, end of year
$438,713
Net assets or fund balances, end of year
$1,406,788
Program services expenses (Part IX)
$1,407,254
Management and general expenses
$58,102
Fundraising expenses
$0
Program service expenses (Part III)
$1,407,254

Program services were 96.0% 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)

    $813,472

  • 1f · All other contributions, gifts and grants

    $158,031

  • 2a · Program service revenue: WORKFORCE DEVEL. & EDUCATION

    total $155,400 · related or exempt $155,400

  • 2b · Program service revenue: BUSINESS GROWTH SOLUTIONS

    total $143,248 · related or exempt $143,248

  • 3 · Investment income

    total $635 · related or exempt $635

  • 11a · Other revenue: OTHER REVENUE

    total $12,801 · related or exempt $12,801

  • 11e · Other revenue, total

    $12,801

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $376,841 · program services $376,841

  • 11c · Fees: accounting

    total $5,415 · program services $5,250 · management and general $165

  • 11g · Fees: other

    total $25,593 · program services $25,593

  • 12 · Advertising and promotion

    total $35,583 · program services $35,583

  • 13 · Office expenses

    total $14,400 · program services $12,706 · management and general $1,694

  • 14 · Information technology

    total $29,508 · program services $29,508

  • 17 · Travel

    total $6,505 · program services $6,472 · management and general $33

  • 19 · Conferences, conventions and meetings

    total $21,743 · program services $21,743

  • 22 · Depreciation, depletion and amortization

    total $3,628 · management and general $3,628

  • 23 · Insurance

    total $5,388 · program services $5,388

  • 24a · Other expenses: SHARED SERVICES

    total $940,752 · program services $888,170 · management and general $52,582

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $269,960 · end of year $127,291

  • 2 · Savings and temporary cash investments

    beginning of year $197,827 · end of year $144,200

  • 3 · Pledges and grants receivable

    beginning of year $378,321 · end of year $416,891

  • 4 · Accounts receivable

    beginning of year $74,204 · end of year $45,397

  • 9 · Prepaid expenses and deferred charges

    beginning of year $500 · end of year $12,084

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

    $660,768

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

    $641,197

  • 10c · Land, buildings and equipment, net

    beginning of year $23,199 · end of year $19,571

  • 15 · Other assets

    beginning of year $1,058,107 · end of year $1,080,067

  • 17 · Accounts payable and accrued expenses

    beginning of year $252,825 · end of year $207,833

  • 19 · Deferred revenue

    beginning of year $115,806 · end of year $130,806

  • 25 · Other liabilities

    beginning of year $44,930 · end of year $100,074

  • 27 · Net assets without donor restrictions

    beginning of year $1,588,557 · end of year $1,406,788

Mission and programs · 2022

Mission

TECHNICAL SERVICES GROUP ASSISTS REGIONAL TECHNOLOGY AND MANUFACTURING COMPANIES IN THE CREATION AND RETENTION OF JOBS, INCREASE SALES AND EXPAND CAPITAL INVESTMENT INITIATIVES PROVIDES CAPITAL TO REGIONAL TECHNOLOGY COMPANIES BY CONNECTING THEM TO POTENTIAL INVESTORS, REVIEWING BUSINESS PLANS AND EXPANDING VENTURE FUNDING OPPORTUNITIES CEG'S SALES CALLS, TRADE SHOWS AND CULTIVATION OF BUSINESS CONTACTS THROUGH TARGETED STRATEGIC, CROSS-INDUSTRY & GLOBAL MARKETING PROGRAMS PRESERVATION AND PROMTION OF TECH VALLEY'S QUALITY OF LIFE WHILE HELPING POSITION COMMUNITIES TO ACHIEVE SMART AND DESIRED ECONOMIC GROWTH BY WORKNG AT LOCAL, COUNTY AND STATE LEVEL TO EXPAND SERVICE-SHARING, ELIMINATE DUPLICATION AND STREAMLINE SERVICES AT ALL LEVELS OF GOVERNMENT TO ENCOURAGE SMART GROWTH THROUGH THE DEVELOPMENT OF COMPREHENSIVE PLANS AND BY PROVIDING THE TOOLS, INFORMATION AND EDUCATION THAT WILL ALLOW FOR SUSTAINABLE COMMUNITIES.

Activities or mission (Part I)

SEE SCHEDULE O

  • BUSINESS GROWTH SOLUTIONS (BGS) - OBJECTIVE IS TO SERVICE SMALL TO MEDIUM SIZED COMPANIES (SMES) IN THE MANUFACTURING AND TECHNOLOGY SECTORS ACROSS SEVERAL INDUSTRIES AND HELP THEM GROW AND COMPETE IN THE 21ST CENTURY. THE PROGRAM IS SUPPPORTED BY NEW YORK STATES NYSTAR PROGRAM (DIVISION OF SCIENCE, TECHNOLOGY AND INNOVATION) AND THE NIST (NATIONAL INSTITUE OF STANDARDS AND TECHNOLOGY) THROUGH THE MANUFACTURING EXTENSION PARTNERSHIP PROGRAM. THESE SERVICES HELP SMES REALIZE NEW REVENUES AND INCREASE PROFITABILITY THROUGH ASSISTING THEM IN INCREASING SALES, IMPROVING PRODUCTIVITY AND OPERATIONS, LAUNCHING NEW PRODUCTS, ALIGNING EXECUTIVE TEAM STRATEGIES AND MORE. INTERNAL CEG TEAM MEMBERS, AS WELL AS THIRD-PARTY PARTNERS, PROVIDE THESE SERVICES. CEG IS ALSO RECOGNIZED AS THE REGIONAL TECHNOLOGY DEVELOPMENT CENTER (RTDC), FOCUSED ON PROMOTING TECHNOLOGY DEVELOPMENT, TECHNOLOGY TRANSFER, MANAGEMENT, AND TECHNICAL ASSISTANCE ACROSS A BROAD BASE OF MANUFACTURING AND TECHNOLOGY SECTORS. THIS DESIGNATION ALLOWS CEG TO LEVERAGE GRANT FUNDS FOR CLIENTS THROUGH PARTNERS SUCH AS NATIONAL GRID AND THE WORKFORCE DEVELOPMENT INSTITUTE.

    Expenses $902,630 · Grants $49,304 · Revenue $143,248

  • PEOPLE/WORKFORCE DEVELOPMENT - WORKING DILIGENTLY TO BUILD A SKILLED WORKFORCE AND EDUCATION PIPELINE; TO CULTIVATE A STRONG SKILLED WORKFORCE; ENSURE ALIGNMENT OF EDUCATION PARTNER OFFERINGS TO LOCAL COMPANIES NEEDS, ATTRACT NEW WORKERS, AND PREPARE OUR YOUTH FOR FUTURE JOBS. CEG'S PRIMARY FOCUS IS IN MANUFACTURING AND TECHNOLOGY BASED JOBS FOR BOTH SKILLED WORKFORCE, HIGH TECH JOBS, AND MANAGEMENT. CEG IS FUNDED BY BOTH REGIONAL COUNTY WORKFORCE INVESTMENT BOARDS (WIBS), AND THE MANUFACTURING ALLIANCE OF CENTRAL NEW YORK (MACNY).

    Expenses $504,624 · Grants $327,537 · Revenue $155,400

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Bennett MD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Laura Poltynski

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • David Demarco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Hendrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Ramsammy PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark N Eagan

    PRESIDENT &

    Total calculated
    $455,171
    From this org
    $0
    From related orgs
    $404,076
    Other
    $51,095
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    not reported + $373,223 related
    Bonus
    not reported + $30,853 related
    Other
    not reported
    Deferred
    not reported + $23,200 related
    Nontaxable benefits
    not reported + $27,895 related
    Filer's total
    not reported + $455,171 related

  • Christine A Holle

    VP, FINANCE

    Total calculated
    $130,943
    From this org
    $0
    From related orgs
    $120,658
    Other
    $10,285
    Hours/week
    4 + 41 related

  • Thomas J Bell

    PROJ. DIRECT

    Total calculated
    $122,269
    From this org
    $0
    From related orgs
    $113,018
    Other
    $9,251
    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 · Written employment contract
  • 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

  • GLOBAL FOUNDRIES US INC

    $170,600

    PASS THROUGH

  • MULTI-CRAFT APPRENTICESHIP PREP PRO

    $135,000

    PASS THROUGH

  • NURAVINE LLC

    $35,000

    PASS THROUGH

  • CEG OF THE CAPITAL REGION

    $14,304

    SUPPLY CHAIN ASSESS

  • JENKS MACHINE & TOOL CO INC

    $10,000

    PASS THROUGH

  • ESPEY MFG & ELECTRONICS CORP

    $7,500

    PASS THROUGH

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
13 November 2023
IRS schema version
2022v5.0
Source object
202303179349308555

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.