Form 990 for tax year 2024
Filed by ONTARIO COUNTY ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $199,705
- Total expenses
- $115,020
- Contributions and grants received
- $0
- Grants paid
- $40,000
- Program service revenue
- $105,863
- Investment income
- $93,842
- Other revenue
- $0
- Total assets, end of year
- $5,016,662
- Total liabilities, end of year
- $715,399
- Net assets or fund balances, end of year
- $4,301,263
- Program services expenses (Part IX)
- $74,637
- Management and general expenses
- $40,383
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $74,637
Program services were 64.9% 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.
-
2a · Program service revenue: PROGRAM INCOME
total $104,263 · related or exempt $104,263
-
2b · Program service revenue: APPLICATION INCOME
total $1,600 · related or exempt $1,600
-
3 · Investment income
total $93,842 · excluded $93,842
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $40,000 · program services $40,000
-
11b · Fees: legal
total $6,176 · program services $6,176
-
11c · Fees: accounting
total $8,700 · program services $8,700
-
11g · Fees: other
total $5,344 · program services $5,344
-
17 · Travel
total $789 · management and general $789
-
23 · Insurance
total $3,520 · management and general $3,520
-
24a · Other expenses: ONTARIO COUNTY SERVICES
total $71,274 · program services $35,637 · management and general $35,637
-
24b · Other expenses: MISCELLANEOUS
total $734 · program services $297 · management and general $437
-
24c · Other expenses: CREDIT LOSS ADJUSTMENT
total -$21,517 · program services -$21,517
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $750 · end of year $677
-
2 · Savings and temporary cash investments
beginning of year $2,380,764 · end of year $2,178,361
-
4 · Accounts receivable
beginning of year $3,300 · end of year $1,250
-
7 · Other notes and loans receivable
beginning of year $2,553,437 · end of year $2,836,374
-
10a · Land, buildings and equipment: cost or other basis
$10,945
-
10b · Land, buildings and equipment: accumulated depreciation
$10,945
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $11,223 · end of year $716
-
19 · Deferred revenue
beginning of year $710,450 · end of year $714,683
-
27 · Net assets without donor restrictions
beginning of year $4,196,795 · end of year $4,279,880
-
28 · Net assets with donor restrictions
beginning of year $19,783 · end of year $21,383
Mission and programs · 2024
Mission
RELIEVE AND REDUCE UNEMPLOYMENT, TO BETTER & MAINTAIN JOB OPPORTUNITIES, PROMOTE & PROVIDE FOR ADDITIONAL EMPLOYMENT, TO HELP INCREASE THE TAX BASE OF ONTARIO COUNTY THROUGH THE ATTRACTION OF PRIVATE SECTOR INVESTMENT, AND TO LESSEN THE BURDENS OF GOVERNMENT AND ACT IN PUBLIC INTEREST.
-
PROMOTING EMPLOYMENT, ENCOURAGING DEVELOPMENT AND ATTRACTING NEW INDUSTRY TO THE AREA.
Expenses $74,637 · Grants $40,000 · Revenue $105,863
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Karen ParkhurstKAREN PARKHURST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert SollenneROBERT SOLLENNE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Kevin HillKEVIN HILL
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Fred LightfooteFRED LIGHTFOOTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Walter MatyjasWALTER MATYJAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Fred WillieFRED WILLIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Erica WrightERICA WRIGHT
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
David LingerDAVID LINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Peter IngalsbePETER INGALSBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lynn FreidLYNN FREID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carla SielingCARLA SIELING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael WojcikMICHAEL WOJCIK
CFO
- Total calculated
- $0
- Hours/week
- 10
-
Ryan DavisRYAN DAVIS
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
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
-
ONTARIO COUNTY TREASURER
$40,000
JOB TRAINING
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511349349302896
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