Fulton County Economic Development Corporation
- Assets
- $108.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gloversville, NY
- Founding
- 03/1987
- Data as of
- 12/2023
- EIN
- 14-6039695
Organization Overview
Fulton County Economic Development Corporation is located in Gloversville, NY. The organization was established in 1987. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Fulton County Economic Development Corporation 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 12/2023, Fulton County Economic Development Corporation generated $265.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (60.2%) each year. All expenses for the organization totaled $300.0 during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
PROMOTING ECONOMIC DEVELOPMENT WITHIN FULTON COUNTY, NEW YORK THROUGH ADMINISTRATION OF CERTAIN GOVERNMENT GRANTS AND PROJECTS INCLUDING REVOLVING LOAN POOLS, CROSSROADS INDUSTRIAL PARK, JOHNSTOWN INDUSTRIAL PARK, CROSSROADS BUSINESS PARK, EMPIRE ZONE, INCUBATOR BUILDING, BUSINESS ASSISTANCE CENTER, AND ESTEE COMMONS APARTMENT COMPLEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Preston Treasurer/se | 1 | $0 | |
Ronald Peters President/ce | 5 | $0 | |
Jack Wilson Chair | 1 | $0 | |
Greg Fagan Director | 1 | $0 | |
Geoffrey Peck Director | 1 | $0 | |
Denis Wilson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $265 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $265 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $300 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108 |
| Other assets | $0 |
| Total assets | $108 |
| Total liabilities | $35 |
| Net assets or fund balances | $73 |