Totals
- Total revenue
- $393,283
- Total expenses
- $374,145
- Contributions and grants received
- $222,318
- Grants paid
- $0
- Program service revenue
- $156,463
- Investment income
- $6,828
- Other revenue
- $7,674
- Total assets, end of year
- $1,939,451
- Total liabilities, end of year
- $1,253,824
- Net assets or fund balances, end of year
- $685,627
- Program services expenses (Part IX)
- $374,145
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $374,145
Program services were 100.0% 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)
$181,708
-
1f · All other contributions, gifts and grants
$40,610
-
2a · Program service revenue: LATE FEES & ADMINISTRA
total $86,651 · related or exempt $86,651
-
2b · Program service revenue: INTEREST & FEES ON LOA
total $69,812 · related or exempt $69,812
-
3 · Investment income
total $6,828 · excluded $6,828
-
11a · Other revenue: BAD DEBT RECOVERY
total $7,674 · related or exempt $7,674
-
11e · Other revenue, total
$7,674
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $95,168 · program services $95,168
-
7 · Other salaries and wages
total $113,646 · program services $113,646
-
8 · Pension plan contributions
total $9,516 · program services $9,516
-
9 · Other employee benefits
total $45,425 · program services $45,425
-
10 · Payroll taxes
total $14,722 · program services $14,722
-
11b · Fees: legal
total $7,000 · program services $7,000
-
11c · Fees: accounting
total $29,371 · program services $29,371
-
11g · Fees: other
total $3,300 · program services $3,300
-
12 · Advertising and promotion
total $19,971 · program services $19,971
-
13 · Office expenses
total $8,474 · program services $8,474
-
16 · Occupancy
total $11,396 · program services $11,396
-
17 · Travel
total $5,662 · program services $5,662
-
20 · Interest
total $10,204 · program services $10,204
-
23 · Insurance
total $3,103 · program services $3,103
-
24a · Other expenses: UNRECOVERABLE LOSE
total $15,000 · program services $15,000
-
24b · Other expenses: EQUIPMENT
total $12,078 · program services $12,078
-
24c · Other expenses: OTHER
total $1,530 · program services $1,530
-
24d · Other expenses: DUES
total $1,043 · program services $1,043
-
24e · All other expenses
total -$32,464 · program services -$32,464
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $337,713 · end of year $212,671
-
2 · Savings and temporary cash investments
beginning of year $411,878 · end of year $675,312
-
4 · Accounts receivable
beginning of year $120,791 · end of year $54,738
-
7 · Other notes and loans receivable
beginning of year $950,854 · end of year $848,394
-
15 · Other assets
beginning of year $39,483 · end of year $148,336
-
17 · Accounts payable and accrued expenses
beginning of year $22,271 · end of year $28,957
-
23 · Secured mortgages and notes payable
beginning of year $1,169,499 · end of year $1,224,867
-
27 · Net assets without donor restrictions
beginning of year $547,840 · end of year $557,495
-
28 · Net assets with donor restrictions
beginning of year $121,109 · end of year $128,132
Mission and programs · 2022
Mission
THE MISSION OF THE ORGANIZATION IS TO PROVIDE ECONOMIC DEVELOPMENT LENDING CAPABILITY FOR BUSINESSES IN CHEMUNG, SCHUYLER, STEUBEN AND TIOGA COUNTIES, WHICH FULLY RESPONDS TO THE NEEDS OF THE REGION AND THE OBJECTIVES OF THE CORPORATION.
Activities or mission (Part I)
TO PROVIDE ECONOMIC DEVELOPMENT LENDING CAPABILITY FOR BUSINESSES IN CHEMUNG, SCHUYLER, STEUBEN AND TIOGA COUNTIES, WHICH FULLY RESPONDS TO THE NEEDS OF THE REGION AND THE OBJECTIVES OF THE CORPORATION.
-
OFFER AND ADMINISTER LOW INTEREST LOANS FOR ECONOMIC DEVELOPMENT PROJECTS WHERE CONVENTIONAL FINANCING CANNOT MEET ALL THE APPLICANTS' NEEDS.
Expenses $374,145 · Revenue $164,137
As filed on the 2022 return.
Listed in Part VII
-
Brian WarnerBRIAN WARNER
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Chelsea RobertsonCHELSEA ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Christopher BrewerCHRISTOPHER BREWER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Christopher ColettaCHRISTOPHER COLETTA
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Christopher GiammicheleCHRISTOPHER GIAMMICHELE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Dawn BurlewDAWN BURLEW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jamie JohnsonJAMIE JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jennifer MillerJENNIFER MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jill KoskiJILL KOSKI
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
Joseph RomanJOSEPH ROMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Judy McKinney CherryJUDY MCKINNEY CHERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Julie ChevalierJULIE CHEVALIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Justin DildineJUSTIN DILDINE
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Kamala KeeleyKAMALA KEELEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Christine CurtisCHRISTINE CURTIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Michael J ManzariMICHAEL J MANZARI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Michael NisbetMICHAEL NISBET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Scott BloorSCOTT BLOOR
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Ashleigh MadisonASHLEIGH MADISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Kevin DoughertyKEVIN DOUGHERTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Todd StrongTODD STRONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Grace DaltonGRACE DALTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
George MinerGEORGE MINER
PRESIDENT
- Total calculated
- $97,246
- From this org
- $0
- From related orgs
- $91,750
- Other
- $5,496
- Hours/week
- 14 + 21 related
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
No itemized grants to organizations on this return.
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.
-
REGIONAL ECONOMIC DEVELOPMENT AND ENERGY CORPORATION
501(C)(4) · ECONOMIC DEVELOPMENT · NY
-
SOUTHERN TIER REGION ECONOMIC DEVELOPMENT CORPORATION
501(C)(6) · ECONOMIC DEVELOPMENT · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441929349300114
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