Council Of Industry Of Southeastern New York
- Assets
- $258.5k
- Revenue
- $603.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Newburgh, NY
- Founding
- 01/1945
- Data as of
- 06/2023
- EIN
- 14-0860320
Organization Overview
Council Of Industry Of Southeastern New York is located in Newburgh, NY. The organization was established in 1945. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Council Of Industry Of Southeastern New York employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council Of Industry Of Southeastern New York is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Council Of Industry Of Southeastern New York generated $603.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $543.2k during the year ending 06/2023. While expenses have increased by 8.0% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COUNCIL OF INDUSTRY IS THE MANUFACTURERS ASSOCIATION OF THE HUDSON VALLEY. OUR MISSION IS TO PROMOTE THE SUCCESS OF OUR MEMBER FIRMS, AND THEIR EMPLOYEES, AND THROUGH THEM CONTRIBUTE TO THE PROSPERITY OF THE HUDSON VALLEY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED IMPORTANT INFORMATION TO MEMBERS RELATED TO THE MANUFACTURING INDUSTRY AND WORKFORCE DEVELOPMENT INCLUDING: DAILY BRIEFING, A BI-WEEKLY NEWSLETTER, NEWSLETTERS ON WORKFORCE AND ENERGY, RISK MANAGEMENT, LEAN SIX SIGMA AND MORE. HELD IN PERSON AND VIRTUAL MEETINGS FOR HR PROFESSIONALS, SAFETY AND HEALTH PROFESSIONALS AND CEOS. THIS INFORMATION AND THESE NETWORKS WERE PARTICULARLY VALUABLE AS THE PANDEMIC UNFOLDED AND WE WERE ABLE TO HELP OUR ESSENTIAL BUSINESSES KEEP THEIR EMPLOYEES SAFE AND THEIR OPERATIONS RUNNING.
ASSISTED MEMBERS IN THE RECRUITMENT OF WORKERS AND HELPED THEM CLOSE THE SKILLS GAP. WE RUN A NYS DEPARTMENT OF LABOR APPROVED APPRENTICE PROGRAM AND HAVE A REGIONAL MANUFACTURING JOBS BOARD. SHIFTED TO VIRTUALLY CONNECTING WITH STUDENTS TO PROMOTE CAREERS IN STEM AND MANUFACTURING.
PROVIDE ESSENTIAL TRAINING TO MEMBERS AND EMPLOYEES IN THE AREAS OF LEADERSHIP DEVELOPMENT, SUPERVISOR TRAINING, LEAN AND SIX SIGMA, COVID RESPONSE, GD&T, BLUEPRINT READING, OSHA COMPLIANCE AND RCRA COMPLIANCE AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold King President | Officer | 50 | $125,000 |
Johnnieanne Hansen Vice President | Officer | 50 | $95,000 |
Gary Hutchison Director | Trustee | 5 | $0 |
Susan Dean Director | Trustee | 5 | $0 |
Darren Doherty Director | Trustee | 5 | $0 |
Frank Falatyn Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $123,125 |
| Fundraising events | $23,443 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,925 |
| Total Program Service Revenue | $238,403 |
| Investment income | $257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $63,245 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $603,830 |
| 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. | $223,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,625 |
| Pension plan accruals and contributions | $22,000 |
| Other employee benefits | $0 |
| Payroll taxes | $3,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $451 |
| Fees for services: Lobbying | $2,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,173 |
| Advertising and promotion | $16,245 |
| Office expenses | $32,155 |
| Information technology | $9,000 |
| Royalties | $0 |
| Occupancy | $19,171 |
| Travel | $5,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,910 |
| Interest | $0 |
| Payments to affiliates | $9,600 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $65,475 |
| Total functional expenses | $543,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,736 |
| Savings and temporary cash investments | $192,730 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $258,466 |
| Accounts payable and accrued expenses | $0 |
| 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 | $34,689 |
| Other liabilities | $0 |
| Total liabilities | $34,689 |
| Net assets without donor restrictions | $223,777 |
| 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 | $258,466 |