Seneca County Economic Development Corporation

Organization Overview

Seneca County Economic Development Corporation, operating under the name Seneca County Edc, is located in Waterloo, NY. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seneca County Edc 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, Seneca County Edc generated $600.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $615.2k during the year ending 12/2022. While expenses have increased by 23.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTING EMPLOYMENT & ENCOURAGING DEVELOPMENT OF INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SENECA ARMY DEPOT REVITALIZATION, PROMOTING EMPLOYMENT, & ENCOURAGING DEVELOPMENT AND ATTRACTING NEW INDUSTRY TO THE TERRITORY.


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Board, Officers & Key Employees

Name (title)Compensation
Steven Brusso
Chair
$0
Thomas Kime
Board Member
$0
Jeffrey Shipley
Board Member
$0
Robert Kernan
CFO
$3,000
Sarah Davis
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $600,000
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$600,000
Total Program Service Revenue$0
Investment income $160
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 $600,160

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