Chautauqua Region Industrial Development Corporation
- Assets
- $2.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Jamestown, NY
- Founding
- 09/1991
- Data as of
- 12/2022
- EIN
- 16-1287627
Organization Overview
Chautauqua Region Industrial Development Corporation is located in Jamestown, NY. The organization was established in 1991. 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. Chautauqua Region Industrial 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 12/2022, Chautauqua Region Industrial Development Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $828.4k during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 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.
Since 2017, Chautauqua Region Industrial Development Corporation has awarded 19 individual grants totaling $784,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MAIN PURPOSE OF CHAUTAUQUA REGION ECONOMIC DEVELOPMENT CORPORATION IS TO PROMOTE JOB GROWTH IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE CHAUTAUQUA REGION ECONOMIC DEVELOPMENT CORPORATION IS TO RELIEVE AND REDUCE UNEMPLOYEMNT, MAINTAIN JOB OPPORTUNITIES, PROVIDE JOB TRAINING TO INDIVIDUALS, AND CARRY ON SCIENTIFIC RESEARCH FOR THE PURPOSE OF AIDING A COMMUNITY BY ATTRACTING NEW INDUSTRY TO THE AREA.
CHAUTAUQUA REGION ECONOMIC DEVELOPMENT CORPORATION PROVIDES ECONOMIC OPPORTUNITIES AND EMPLOYMENT POTENTIAL FOR CHAUTAUQUA COUNTY AREA RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda Johnson Director | Trustee | 0.8 | $0 |
Steven Thorpe Director | Trustee | 0.8 | $0 |
Brad Walters Vice Chairman | Trustee | 0.8 | $0 |
Mark Odell Director | Trustee | 0.8 | $0 |
Sagan Sheffield-Smith Treasurer | OfficerTrustee | 1 | $0 |
Dan Heitzenrater Secretary | OfficerTrustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $642,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $428,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,071,544 |
| Total Program Service Revenue | $0 |
| Investment income | $6,598 |
| 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 | $1,117,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $182,048 |
| 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 | $150,508 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,422 |
| Payroll taxes | $10,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,466 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,262 |
| Advertising and promotion | $27,352 |
| Office expenses | $18,473 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,065 |
| Travel | $6,753 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $6,058 |
| Total functional expenses | $828,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,255,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $844,660 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $30,488 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,093 |
| Total assets | $2,162,431 |
| Accounts payable and accrued expenses | $280 |
| Grants payable | $0 |
| Deferred revenue | $1,673,672 |
| 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 | $1,673,952 |
| Net assets without donor restrictions | $488,479 |
| 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 | $2,162,431 |
Grants Awarded
Over the last fiscal year, Chautauqua Region Industrial Development Corporation has awarded $178,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
WESTFIELD DEVELOPMENT CORPORATION PURPOSE: FIRST IMPRESSIONS: A PATHWAY TO VIBRANT DOWNTOWN PROJECT ($10,000) AND PORTAGE INN SITE DEVELOPMENT ($20,000) | $30,000 |
MANUFACTURERS ASSOCIATION OF THE SOUTHERN TIER PURPOSE: DREAM IT DO IT PROJECTS | $30,000 |
CHAUTAUQUA COUNTY CHAMBER OF COMMERCE PURPOSE: SHOPLOCALCHQ PROGRAM | $10,000 |
TOWN OF MINA PURPOSE: FINDLEY LAKE FIRE REUSE STUDY PROJECT | $13,000 |
FREDONIA TECHNOLOGY INCUBATOR PURPOSE: STRATEGIC PLANNING PROGRAM | $20,000 |
CITY OF DUNKIRK PURPOSE: LAKE SHORE DRIVE COMPLETE STREETS PROJECT | $50,000 |