Form 990 for tax year 2022
Filed by THE ECONOMIC DEVELOPMENT GROUP INC.
Totals
- Total revenue
- $4,857,078
- Total expenses
- $4,454,753
- Contributions and grants received
- $4,019,920
- Grants paid
- $25,000
- Program service revenue
- $272,830
- Investment income
- $0
- Other revenue
- $564,328
- Total assets, end of year
- $3,686,267
- Total liabilities, end of year
- $1,196,942
- Net assets or fund balances, end of year
- $2,489,325
- Program services expenses (Part IX)
- $3,286,241
- Management and general expenses
- $1,135,512
- Fundraising expenses
- $33,000
- Program service expenses (Part III)
- $3,286,241
Program services were 73.8% 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
$77,200
-
1e · Government grants (contributions)
$2,000,000
-
1f · All other contributions, gifts and grants
$1,942,720
-
2a · Program service revenue: PROGRAM REVENUE
total $272,830 · related or exempt $272,830
-
8a · Fundraising events: gross income
$94,231
-
8a · Fundraising events: contributions included on line 1c
$77,200
-
8b · Fundraising events: direct expenses
$102,043
-
8c · Net income from fundraising events
total -$7,812 · excluded -$7,812
-
10a · Gross sales of inventory
$23,099
-
10b · Cost of goods sold
$40,231
-
10c · Net income from sales of inventory
total -$17,132 · excluded -$17,132
-
11a · Other revenue: TUITION SHARING
total $511,015 · related or exempt $511,015
-
11b · Other revenue: OTHER
total $78,257 · related or exempt $78,257
-
11e · Other revenue, total
$589,272
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $25,000 · program services $25,000
-
5 · Compensation of officers, directors and key employees
total $439,204 · program services $351,363 · management and general $87,841
-
7 · Other salaries and wages
total $1,293,582 · program services $999,566 · management and general $294,016
-
9 · Other employee benefits
total $294,395 · program services $228,177 · management and general $66,218
-
11b · Fees: legal
total $11,855 · management and general $11,855
-
11c · Fees: accounting
total $119,675 · management and general $119,675
-
11g · Fees: other
total $129,474 · management and general $96,474 · fundraising $33,000
-
12 · Advertising and promotion
total $149,636 · management and general $149,636
-
13 · Office expenses
total $19,338 · program services $1,859 · management and general $17,479
-
16 · Occupancy
total $588,295 · program services $464,753 · management and general $123,542
-
17 · Travel
total $13,256 · management and general $13,256
-
19 · Conferences, conventions and meetings
total $63,417 · management and general $63,417
-
22 · Depreciation, depletion and amortization
total $142,131 · program services $112,283 · management and general $29,848
-
23 · Insurance
total $22,619 · program services $17,869 · management and general $4,750
-
24a · Other expenses: PROGRAM SUPPLIES
total $481,178 · program services $481,178
-
24b · Other expenses: TUITION ASSISTANCE
total $295,409 · program services $295,409
-
24c · Other expenses: SECURITY
total $166,236 · program services $131,326 · management and general $34,910
-
24d · Other expenses: MINOR EQUIPMENT AND SOF
total $160,298 · program services $153,844 · management and general $6,454
-
24e · All other expenses
total $39,755 · program services $23,614 · management and general $16,141
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $849,257 · end of year $915,214
-
2 · Savings and temporary cash investments
beginning of year $658,400 · end of year $2,011,486
-
3 · Pledges and grants receivable
beginning of year $958,591 · end of year $56,170
-
8 · Inventories for sale or use
beginning of year $11,009 · end of year $6,818
-
9 · Prepaid expenses and deferred charges
beginning of year $201,419 · end of year $165,738
-
10a · Land, buildings and equipment: cost or other basis
$985,435
-
10b · Land, buildings and equipment: accumulated depreciation
$478,118
-
10c · Land, buildings and equipment, net
beginning of year $649,448 · end of year $507,317
-
15 · Other assets
beginning of year $0 · end of year $23,524
-
17 · Accounts payable and accrued expenses
beginning of year $186,277 · end of year $175,101
-
19 · Deferred revenue
beginning of year $1,054,847 · end of year $998,317
-
25 · Other liabilities
beginning of year $0 · end of year $23,524
-
27 · Net assets without donor restrictions
beginning of year $1,987,000 · end of year $2,437,982
-
28 · Net assets with donor restrictions
beginning of year $100,000 · end of year $51,343
Mission and programs · 2022
Mission
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 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 $3,286,241 · Grants $25,000 · Revenue $862,102
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dennis ElsenbeckDENNIS ELSENBECK
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Steve FinchSTEVE FINCH
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kristin M ReKRISTIN M RE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin RandBENJAMIN RAND
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Chris SansoneCHRIS SANSONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randi MurphyRANDI MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ken KujawaKEN KUJAWA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe KesslerJOE KESSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Will KeresztesDR WILL KERESZTES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Devale JacksonDEVALE JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nina HeardNINA HEARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pastor James GilesPASTOR JAMES GILES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karla GadleyKARLA GADLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marjorie BryenMARJORIE BRYEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Beauford JrTHOMAS BEAUFORD JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deacon Steve SchumerDEACON STEVE SCHUMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen TuckerSTEPHEN TUCKER
PRESIDENT & CEO
- Total calculated
- $217,608
- From this org
- $201,584
- From related orgs
- $0
- Other
- $16,024
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $201,584
- Bonus
- $0
- Other
- $0
- Deferred
- $4,000
- Nontaxable benefits
- $12,024
- Filer's total
- $217,608
-
Asantewa HolleyASANTEWA HOLLEY
VP OF OPERATIONS
- Total calculated
- $82,075
- From this org
- $75,332
- From related orgs
- $0
- Other
- $6,743
- Hours/week
- 50
-
Carolyn Storms-StoltmanCAROLYN STORMS-STOLTMAN
VP OF ENROLLMENT AND ORGANIZATIONAL ADVANCEMENT
- Total calculated
- $80,736
- From this org
- $72,562
- From related orgs
- $0
- Other
- $8,174
- 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
-
TO PROVIDE ADMINISTRATIVE SUPPORT, TECHNICAL ASSISTANCE AND DIRECT FUNDING
-
$5,000
TO PROVIDE ADMINISTRATIVE SUPPORT, TECHNICAL ASSISTANCE AND DIRECT FUNDING
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440739349300044
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