Northern New York Resources Corporation

Organization Overview

Northern New York Resources Corporation is located in Potsdam, NY. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern New York Resources 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, Northern New York Resources Corporation generated $181.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $37.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.2%) per year over the past 8 years. 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

THE PURPOSE OF THE CORPORATION IS TO (A) SOLICIT, ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER GIFTS, GRANTS, BEQUESTS, CONTRIBUTIONS, DEVISES, BENEFITS OF TRUSTS, ENDOWMENTS, AND PROPERTY; (B) USE, DISBURSE OR PAY THE INCOME OR PRINCIPAL THEREOF EXCLUSIVELY FOR THE BENEFIT OF THE NORTHERN NEW YORK LIBRARY NETWORK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE NORTHERN NEW YORK RESOURCES CORPORATION HAS CREATED A FUND THAT GENERATES INCOME TO SUPPORT OPERATIONS OF THE NORTHERN NEW YORK LIBRARY NETWORK WHICH PROVIDES COOPERATIVE SERVICES TO LIBRARIES IN NORTHERN NEW YORK.


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Board, Officers & Key Employees

Name (title)Compensation
Jenica Rogers
President
$0
Jeffery Garvey
Vice President
$0
Steven Kenworthy
Secretary
$0
Ginger Tebo
Treasurer
$0
Gwendolyn Cunningham
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$0
Investment income $103,230
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $78,612
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $181,842

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