Orange Economic Development Corp
- Assets
- $79.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Orange, CT
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 06-1527209
Organization Overview
Orange Economic Development Corp is located in Orange, CT. The organization was established in 2000. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orange Economic Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Orange Economic Development Corp generated $112.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $117.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DEVELOP AND SUPPORT PROJECTS OR PROGRAMS DESIGNED TO FURTHER THE TOWN'S GOALS FOR PRUDENT, SUSTAINED ECONOMIC GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Clancy President | 0 | $0 | |
Paul Gehr Treasurer | 0 | $0 | |
Tom Cavaliere Secretary | 0 | $0 | |
Chad Lombardi Vice President | 0 | $0 | |
Roy Cuzzocreo Executive Committe | 0 | $0 | |
Erika Muik Executive Committe | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,525 |
| Total Program Service Revenue | $16,655 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $31,747 |
| Total Revenue | $112,927 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $104,707 |
| Professional fees and other payments to independent contractors | $1,333 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,117 |
| Other expenses | $8,922 |
| Total expenses | $117,079 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,632 |
| Other assets | $0 |
| Total assets | $79,632 |
| Total liabilities | $25,000 |
| Net assets or fund balances | $54,632 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Institute For Communities Inc Danbury, CT | $23,773,882 | $36,794,150 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Nybdc Local Development Corporation Albany, NY | $39,799,179 | $11,401,541 |
Venture For America Inc New York, NY | $3,605,973 | $6,866,605 |
Trufund Financial Services Inc New York, NY | $14,181,328 | $2,317,905 |
Griffiss Local Development Corporation Rome, NY | $28,823,478 | $3,861,279 |
Metrotech Area District Management Association Inc Brooklyn, NY | $3,270,355 | $4,991,826 |
Kiryas Joel Municipal Local Development Corporation Monroe, NY | $2,561,042 | $4,665,324 |
Connecticut Economic Resource New Haven, CT | $3,997,158 | $4,805,353 |
Greater New Bedford Workforce Investment Board Inc New Bedford, MA | $1,194,439 | $3,887,016 |