Niagara County Brownfield Development Corporation
- Assets
- $1.5m
- Revenue
- $775.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Sanborn, NY
- Founding
- 07/2010
- Data as of
- 09/2022
- EIN
- 26-3861753
Organization Overview
Niagara County Brownfield Development Corporation is located in Sanborn, NY. The organization was established in 2010. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niagara County Brownfield 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 09/2022, Niagara County Brownfield Development Corporation generated $775.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $556.1k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Niagara County Brownfield Development Corporation has awarded 16 individual grants totaling $1,977,730. 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
TO PROVIDE FINANCIAL ASSISTANCE FOR REMEDIATION OF BROWNFIELD SITES THROUGHOUT NIAGARA COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW-INTEREST LOANS AND SUBGRANTS TO ELIGIBLE ENTITIES FOR REMEDIATION OF BROWNFIELD SITES THROUGHOUT NIAGARA COUNTY. SEE SCHEDULE O FOR DETAILS.EXPENSES ARE A RESULT OF SUBGRANTS ENTERED INTO IN 2013, 2018, 2019 AND 2020, AS WELL AS RELATED ADMINISTRATIVE, CONSULTING AND LEGAL EXPENSES. IN THE CURRENT YEAR, $204,007 WAS EXPENDED FOR 4435-4445 MILITARY ROAD, $147,116 WAS EXPENDED FOR 50 ELMWOOD, AND $178,829 WAS EXPENDED FOR 13 WEST MAIN STREET. REVENUE REPRESENTS INTEREST INCOME FROM LOANS RECEIVABLE AND THE CHANGE IN THE ALLOWANCE FOR UNCOLLECTIBLE LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Restaino Chairperson | OfficerTrustee | 2 | $0 |
Michael Casale Secretary | OfficerTrustee | 2 | $0 |
Richard E Updegrove Vice Chairperson | OfficerTrustee | 2 | $0 |
Amy E Fisk President | Officer | 2 | $0 |
Jacquiline Minicucci Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $717,399 |
| 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 | $717,399 |
| Total Program Service Revenue | $0 |
| Investment income | $4,431 |
| 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 | $775,830 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $529,952 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,076 |
| All other expenses | $0 |
| Total functional expenses | $556,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $453,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,897 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,077,687 |
| 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 | $0 |
| Total assets | $1,533,438 |
| Accounts payable and accrued expenses | $1,897 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,897 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,531,541 |
| 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 | $1,533,438 |
Grants Awarded
Over the last fiscal year, Niagara County Brownfield Development Corporation has awarded $529,952 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lockport, NY PURPOSE: BROWNFIELD REDEVELOPMENT | $325,945 |
TOWN OF NIAGARA PURPOSE: BROWNFIELD REDEVELOPMENT | $204,007 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Service Alliance Inc Boston, MA | $4,453,448 | $16,703,072 |
Childrens Health Defense Franklin Lakes, NJ | $11,057,001 | $15,990,132 |
Big Initiatives Incorporated Brooklyn, NY | $1,855,703 | $3,522,565 |
International Association Of Heat & Frost Insulators & Allied Workers Aliquippa, PA | $13,053,886 | $8,881,543 |
Internal Assn Of Heat & Frost Insulators & Asbestos 91 Welfare F Peekskill, NY | $4,005,910 | $2,671,151 |
American Littoral Society Highlands, NJ | $1,628,305 | $2,690,003 |
Inclusive Prosperity Capital Inc Hartford, CT | $21,605,170 | $1,661,010 |
Regional Greenhouse Gas Initiative Inc New York, NY | $1,119,792 | $2,159,295 |
Anderson-Rogers Foundation Inc New York, NY | $21,997,471 | $1,111,279 |
Toxics Action Center Inc Boston, MA | $3,641,315 | $1,481,881 |
3 Rivers Wet Weather Inc Pittsburgh, PA | $303,732 | $1,117,551 |
The Citizens Campaign Inc Metuchen, NJ | $134,854 | $592,682 |