Tioga County Local Development Corporation
- Assets
- $265.4k
- Revenue
- $482.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Owego, NY
- Founding
- 12/1995
- Data as of
- 12/2023
- EIN
- 16-1465043
Organization Overview
Tioga County Local Development Corporation is located in Owego, NY. The organization was established in 1995. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Tioga County Local Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tioga County Local Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Tioga County Local Development Corporation generated $482.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $455.1k during the year ending 12/2023. While expenses have increased by 5.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW THE TOURISM INDUSTRY IN TIOGA COUNTY BY PROMOTING ITS ATTRACTIONS, RURAL HERITAGE, QUALITY OF LIFE, AND CHARM OF THE COUNTY TO ATTRACT OUT-OF-COUNTY VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURISM OFFICE - PROMOTION AND MARKETING SERVICES RELATED TO INCREASED TOURISM WITHIN TIOGA COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leeann Tinney President | OfficerTrustee | 1 | $0 |
Marcia Kiechle Vice President | OfficerTrustee | 1 | $0 |
Elizabeth Johnson Secretary | OfficerTrustee | 1 | $0 |
Jonathan Ward Treasurer | OfficerTrustee | 1 | $0 |
Joan Case Director | Trustee | 1 | $0 |
Christina Di Stefano Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $449,353 |
| 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 | $449,353 |
| Total Program Service Revenue | $32,757 |
| Investment income | $98 |
| 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 | $482,377 |
| 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. | $60,447 |
| Compensation of current officers, directors, key employees. | $9,067 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,238 |
| Pension plan accruals and contributions | $1,443 |
| Other employee benefits | $2,500 |
| Payroll taxes | $7,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $9,090 |
| Advertising and promotion | $800 |
| Office expenses | $1,111 |
| Information technology | $11,128 |
| Royalties | $0 |
| Occupancy | $14,068 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,412 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,954 |
| All other expenses | $886 |
| Total functional expenses | $455,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,738 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $62,600 |
| 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 | $54,048 |
| Total assets | $265,386 |
| Accounts payable and accrued expenses | $315 |
| Grants payable | $0 |
| Deferred revenue | $22,573 |
| 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 | $52,798 |
| Total liabilities | $75,686 |
| Net assets without donor restrictions | $189,700 |
| 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 | $265,386 |