Niagara County Brownfield Development Corporation
- Assets
- $2.1m
- Revenue
- $721.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Sanborn, NY
- Founding
- 07/2010
- Data as of
- 09/2023
- 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 09/2023, Niagara County Brownfield Development Corporation generated $721.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $151.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Niagara County Brownfield Development Corporation has awarded 12 individual grants totaling $1,352,505. 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
2023
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 2018 AND 2023, AS WELL AS RELATED ADMINISTRATIVE, CONSULTING AND LEGAL EXPENSES. IN THE CURRENT YEAR, $15,031 WAS EXPENDED FOR 4435-4445 MILITARY ROAD AND $76,327 WAS EXPENDED FOR 5627 NIAGARA FALLS BOULEVARD. REVENUE REPRESENTS INTEREST INCOME FROM LOANS RECEIVABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Restaino Chairperson | OfficerTrustee | 2 | $0 |
Richard E Updegrove Vice Chairperson | OfficerTrustee | 2 | $0 |
Michael Casale Secretary | OfficerTrustee | 2 | $0 |
Amy E Schifferli 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 | $713,278 |
| 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 | $713,278 |
| Total Program Service Revenue | $0 |
| Investment income | $8,167 |
| 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 | $721,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,358 |
| 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 | $58,128 |
| Total functional expenses | $151,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,549 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,511,979 |
| 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 | $2,141,973 |
| Accounts payable and accrued expenses | $40,549 |
| 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 | $40,549 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,101,424 |
| 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 | $2,141,973 |
Grants Awarded
Over the last fiscal year, Niagara County Brownfield Development Corporation has awarded $91,358 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NIAGARA FALLS PURPOSE: BROWNFIELD REDEVELOPMENT | $76,327 |
TOWN OF NIAGARA PURPOSE: BROWNFIELD REDEVELOPMENT | $15,031 |