Operation Oswego County Inc
- Assets
- $4.8m
- Revenue
- $901.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Oswego, NY
- Founding
- 10/1973
- Data as of
- 12/2022
- EIN
- 15-0556616
Organization Overview
Operation Oswego County Inc is located in Oswego, NY. The organization was established in 1973. 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. As of 12/2022, Operation Oswego County Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Oswego County Inc 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 12/2022, Operation Oswego County Inc generated $901.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ECONOMIC DEVELOPMENT IN OSWEGO COUNTY, NY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT STRATEGY PROGRAMS TO ENHANCE THE ECONOMIC VITALITY OF OSWEGO COUNTY AND CREATE AND RETAIN JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Holst President | OfficerTrustee | 1 | $0 |
Eric Behling Vice President | OfficerTrustee | 1 | $0 |
Brian Anderson Director | Trustee | 0 | $0 |
William Galloway Director | Trustee | 0 | $0 |
Peter Cullinan Secretary | OfficerTrustee | 1 | $0 |
Thomas Greco Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,264 |
| 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 | $21,264 |
| Total Program Service Revenue | $813,612 |
| Investment income | $22,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,354 |
| Net Gain/Loss on Asset Sales | $2,266 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $901,330 |
| 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. | $190,224 |
| Compensation of current officers, directors, key employees. | $22,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $340,562 |
| Pension plan accruals and contributions | $34,960 |
| Other employee benefits | $159,145 |
| Payroll taxes | $40,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,751 |
| Fees for services: Accounting | $16,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,287 |
| Advertising and promotion | $2,090 |
| Office expenses | $26,717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,537 |
| Travel | $17,179 |
| 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 | $8,556 |
| Insurance | $31,417 |
| All other expenses | $26,266 |
| Total functional expenses | $1,081,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,995 |
| Savings and temporary cash investments | $1,003,257 |
| Pledges and grants receivable | $44,305 |
| Accounts receivable, net | $216,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $967,287 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,539 |
| Net Land, buildings, and equipment | $613,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,740,137 |
| Total assets | $4,817,446 |
| Accounts payable and accrued expenses | $223,705 |
| Grants payable | $0 |
| Deferred revenue | $35,934 |
| 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 | $789,869 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $700 |
| Total liabilities | $1,050,208 |
| Net assets without donor restrictions | $3,767,238 |
| 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 | $4,817,446 |