St Lawrence County Indust Develop Agency Local Develop Corporation

Organization Overview

St Lawrence County Indust Develop Agency Local Develop Corporation is located in Canton, NY. The organization was established in 1987. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, St Lawrence County Indust Develop Agency Local Develop Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Lawrence County Indust Develop Agency Local Develop 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 12/2023, St Lawrence County Indust Develop Agency Local Develop Corporation generated $372.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $309.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, St Lawrence County Indust Develop Agency Local Develop Corporation has awarded 80 individual grants totaling $2,444,877. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE ECONOMIC AND BUSINESS DEVELOPMENT IN ST. LAWRENCE COUNTY BY ADMINISTERING A REVOLVING LOAN FUND, ISSUING BUSINESS DEVELOPMENT GRANTS, AND PROVIDING LOW COST ENERGY TO QUALIFYING AREA BUSINESSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE ECONOMIC AND BUSINESS DEVELOPMENT IN ST. LAWRENCE COUNTY BY ADMINISTERING A REVOLVING LOAN FUND, ISSUING BUSINESS DEVELOPMENT GRANTS, AND PROVIDING LOW COST ENERGY TO QUALIFYING AREA BUSINESSES.


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Board, Officers & Key Employees

Name (title)Compensation
Brian W Staples CPA
Chairman
$0
Ernest Labaff
Vice-Chairman
$0
Lynn Blevins
Secretary
$0
Andrew J Mcmahon
Board Member
$0
Mark C Hall
Board Member
$0
James Reagen
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $30,000
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$30,000
Total Program Service Revenue$206,273
Investment income $136,372
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 $372,645

Grants Awarded

Over the last fiscal year, St Lawrence County Indust Develop Agency Local Develop Corporation has awarded $76,667 in support to 3 organizations.

Grant RecipientAmount

TOWN OF LOUISVILLE

PURPOSE: LIGHTING/SIGN UPGRADES TOWN OF LOUISVILLE

$51,067

NORWOOD VILLAGE GREEN & CONCERT SERIES

PURPOSE: CDEIP 2022

$15,600

TOWN OF POTSDAM

PURPOSE: PICKLE BALL COURT GRANT

$10,000
View Grant Profile

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