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← JEFFERSON COUNTY LOCAL DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by JEFFERSON COUNTY LOCAL DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,769,039
Total expenses
$2,478,001
Contributions and grants received
$1,338,986
Grants paid
$1,313,436
Program service revenue
$425,935
Investment income
$4,118
Other revenue
$0
Total assets, end of year
$5,283,049
Total liabilities, end of year
$2,296,632
Net assets or fund balances, end of year
$2,986,417
Program services expenses (Part IX)
$1,976,062
Management and general expenses
$501,939
Fundraising expenses
$0
Program service expenses (Part III)
$1,976,062

Program services were 79.7% 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)

    $1,338,986

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $412,577 · related or exempt $412,577

  • 2b · Program service revenue: INTEREST ON LOANS

    total $8,943 · related or exempt $8,943

  • 2c · Program service revenue: OTHER INCOME

    total $4,415 · related or exempt $4,415

  • 3 · Investment income

    total $4,118 · excluded $4,118

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,132,419 · program services $1,132,419

  • 2 · Grants to domestic individuals

    total $181,017 · program services $181,017

  • 5 · Compensation of officers, directors and key employees

    total $207,649 · program services $127,938 · management and general $79,711

  • 7 · Other salaries and wages

    total $372,420 · program services $195,063 · management and general $177,357

  • 8 · Pension plan contributions

    total $48,890 · program services $27,223 · management and general $21,667

  • 9 · Other employee benefits

    total $122,435 · program services $95,023 · management and general $27,412

  • 10 · Payroll taxes

    total $66,070 · program services $23,631 · management and general $42,439

  • 11a · Fees: management

    total $3,332 · management and general $3,332

  • 11b · Fees: legal

    total $1,945 · management and general $1,945

  • 11c · Fees: accounting

    total $14,000 · management and general $14,000

  • 12 · Advertising and promotion

    total $53,860 · program services $53,860

  • 13 · Office expenses

    total $41,220 · program services $15,768 · management and general $25,452

  • 16 · Occupancy

    total $80,565 · program services $30,616 · management and general $49,949

  • 17 · Travel

    total $28,978 · program services $14,831 · management and general $14,147

  • 22 · Depreciation, depletion and amortization

    total $15,139 · management and general $15,139

  • 24a · Other expenses: CREDIT LOSSES

    total $62,000 · program services $62,000

  • 24b · Other expenses: OPERATING LEASE EXPENSE

    total $29,808 · program services $15,768 · management and general $14,040

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $9,667 · program services $105 · management and general $9,562

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $5,787 · management and general $5,787

  • 24e · All other expenses

    total $800 · program services $800

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,294,573 · end of year $795,194

  • 2 · Savings and temporary cash investments

    beginning of year $3,527,734 · end of year $4,061,043

  • 4 · Accounts receivable

    beginning of year $7,000

  • 7 · Other notes and loans receivable

    beginning of year $351,538 · end of year $202,287

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,135 · end of year $2,713

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

    $163,928

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

    $93,827

  • 10c · Land, buildings and equipment, net

    beginning of year $85,240 · end of year $70,101

  • 15 · Other assets

    beginning of year $175,454 · end of year $151,711

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,275 · end of year $51,154

  • 18 · Grants payable

    end of year $64,800

  • 19 · Deferred revenue

    beginning of year $1,511,584 · end of year $1,978,600

  • 25 · Other liabilities

    beginning of year $203,436 · end of year $202,078

  • 27 · Net assets without donor restrictions

    beginning of year $3,695,379 · end of year $2,986,417

Mission and programs · 2023

Mission

TO ADVANCE THE JOB OPPORTUNITIES, HEALTH, GENERAL PROSPERITY AND ECONOMIC WELFARE OF THE PEOPLE OF THE COUNTY.

Activities or mission (Part I)

TO ADVANCE THE JOB OPPORTUNITIES, HEALTH, GENERAL PROSPERITY AND ECONOMIC WELFARE OF THE PEOPLE OF THE COUNTY

  • TO ADVANCE THE JOB OPPORTUNITIES, HEALTH, GENERAL PROSPERITY, AND ECONOMIC WELFARE OF THE PEOPLE OF THE COUNTY.

    Expenses $1,976,062 · Grants $1,313,436 · Revenue $425,935

As filed on the 2023 return.

Listed in Part VII

  • Robert Aliasso Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Kent Burto

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Paul Warneck

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • W Edward Walldroff

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Christine Powers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa L'Huillier Ruggiero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John J Condino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David J Converse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Aiken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William W Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory Gardner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lyle Eaton

    CFO

    Total calculated
    $90,665
    From this org
    $78,765
    From related orgs
    $0
    Other
    $11,900
    Hours/week
    40

  • David Zembiec

    CEO

    Total calculated
    $142,041
    From this org
    $128,884
    From related orgs
    $0
    Other
    $13,157
    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.

Grants on this return

  • WATERTOWN FAMILY YMCA

    $412,000

    TO PROVIDE ASSISTANCE FOR CAPITAL PROJECT

  • COMMUNITY ACTION PLANNING COUNCIL OF JEFFERSON COUNTY INC

    $388,574

    TO PROVIDE ASSISTANCE FOR EXPANSION OF CHILD CARE

  • BECHAZ RIVERDALE CHEESE AND GELATERIA

    $40,000

    TO PROVIDE ASSISTANCE FOR LOCAL FOODS INITIATIVE

  • JEFFERSON COMMUNITY COLLEGE

    $22,094

    TO PROVIDE ASSISTANCE FOR EXPANSION OF CHILD CARE

  • SPEC-RITE LLC

    $20,000

    TO PROVIDE ASSISTANCE FOR SMALL BUSINESS PRODUCTIVITY

  • WISE CHOICE CUTS LLC

    $12,778

    TO PROVIDE ASSISTANCE FOR LOCAL FOODS INITIATIVE

  • NORTHERN COMMERCIAL CLEANING

    $12,216

    TO PROVIDE ASSISTANCE FOR LOCAL FOODS INITIATIVE

  • ALTERI'S LA BELLA DOLCE

    $10,000

    TO PROVIDE ASSISTANCE FOR LOCAL FOODS INITIATIVE

  • BOG OAK LLC

    $10,000

    TO PROVIDE ASSISTANCE FOR RENTAL PROPERTY DEFERRED MAINTENANCE

  • DANIEL DEON DBA ASSUREBUILT HOME INSPECTION

    $10,000

    TO PROVIDE ASSISTANCE FOR RENTAL PROPERTY DEFERRED MAINTENANCE

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
16 April 2024
IRS schema version
2023v5.0
Source object
202401139349301405

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