Cedc Incorporated
- Assets
- $983.5k
- Revenue
- $262.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hempstead, NY
- Founding
- 03/1982
- Data as of
- 06/2021
- EIN
- 11-2254468
Organization Overview
Cedc Incorporated is located in Hempstead, NY. The organization was established in 1982. 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. Cedc Incorporated 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 06/2021, Cedc Incorporated generated $262.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $337.6k during the year ending 06/2021. While expenses have increased by 0.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CEDC, INCORPORATED IS AN AFFILIATE OF THE ECONOMIC OPPORTUNITY COMMISSION OF NASSAU COUNTY, INC. WHICH IS PRINCIPALLY ENGAGED IN PLANNING, COORDINATING, INITIATING, EVALUATING & GENERALLY SUPERVISING PROGRAMS DESIGNED TO PERMANENTLY ELIMINATE OR REDUCE POVERTY IN NASSAU COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDC PROVIDES SPACE TO ANTI-POVERTY AGENCY, ECONOMIC OPPORTUNITY COMMISSION OF NASSAU COUNTY, INC. EOC OF NASSAU UTILIZES THE SPACE IN THE ADMINISTRATION AND OPERATIONS OF ITS PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anegla Young Chairman | OfficerTrustee | 1 | $0 |
Angela Crowder Vice Chairman | OfficerTrustee | 1 | $0 |
Seymour Edwards Secretary | OfficerTrustee | 1 | $0 |
Herman Matson Treasurer | OfficerTrustee | 1 | $0 |
Barbara Cromer Director | Trustee | 1 | $0 |
Blanca Fabian Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $262,484 |
| Investment income | $358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,652 |
| Payroll taxes | $2,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,912 |
| Travel | $1,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,828 |
| Insurance | $34,559 |
| All other expenses | $0 |
| Total functional expenses | $337,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,533 |
| Savings and temporary cash investments | $250,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $710,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $983,481 |
| Accounts payable and accrued expenses | $16,015 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,015 |
| Net assets without donor restrictions | $967,466 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $983,481 |
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|---|---|---|
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T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
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Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
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