Counties Of Warren And Washington Civic Development Corporation
- Assets
- $798.0k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Glens Falls, NY
- Founding
- 09/2013
- Data as of
- 12/2022
- EIN
- 38-3853734
Organization Overview
Counties Of Warren And Washington Civic Development Corporation is located in Glens Falls, NY. The organization was established in 2013. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Counties Of Warren And Washington Civic 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COUNTIES OF WARREN AND WASHINGTON CDC IS A NOT-FOR-PROFIT CORPORATION CREATED TO PROMOTE, DEVELOP, ENCOURAGE AND ASSIST IN THE CONSTRUCTION, EXPANSION, AND EQUIPPING OF 501(C)(3) ORGANIZATIONS' FACILITIES IN ORDER TO ADVANCE THE JOB OPPORTUNITIES, GENERAL PROSPERITY, AND ECONOMIC WELFARE OF THE CITIZENS OF WARREN COUNTY AND WASHINGTON COUNTY. THE CORPORATION'S PRIMARY ROLE IS TO PROVIDE FINANCIAL ASSISTANCE AND INCENTIVE TO THE 501(C)(3), NOT-FOR-PROFIT SECTOR IN ORDER TO MAXIMIZE CAPITAL INVESTMENT IN THE ECONOMY OF WARREN COUNTY AND WASHINGTON COUNTY AND TO DEVELOP OPPORTUNITIES FOR EDUCATIONAL AND SERVICE-SECTOR JOB CREATION AND JOB RETENTION WITHIN THE COUNTIES THROUGH THE USE OF ITS OWN ASSETS, ISSUANCE OF QUALIFIED 501(C)(3) BONDS, TAX ABATEMENT AND PRIVATE INVESTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING COMMUNITY AND ECONOMIC DEVELOPMENT AND THE CREATION OF JOBS IN THE NON-PROFIT AND FOR-PROFIT SECTORS FOR THE CITIZENS OF THE COUNTIES OF WARREN AND WASHINGTON, NY, BY DEVELOPING AND PROVIDING PROGRAMS FOR NOT-FOR-PROFIT INSTITUTIONS, MANUFACTURING AND INDUSTRIAL BUSINESSES AND OTHER ENTITIES TO ACCESS LOW INTEREST TAX-EXEMPT AND NON TAX-EXEMPT FINANCING FOR THEIR ELIGIBLE PROJECTS, AND UNDERTAKING PROJECTS AND ACTIVITIES WITH THE COUNTIES FOR THE PURPOSE OF RELIEVING AND REDUCING UNEMPLOYMENT, BETTERING AND MAINTAINING JOB OPPORTUNITIES, CARRYING ON SCIENTIFIC RESEARCH FOR THE PURPOSE OF AIDING THE COUNTIES BY ATTRACTING NEW INDUSTRY OR BY ENCOURAGING THE DEVELOPMENT OF, OR RETENTION OF, AN INDUSTRY IN THE COUNTIES, AND LESSENING THE BURDENS OF GOVERNMENT AND ACTING IN THE PUBLIC INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave O'brien Chairman | OfficerTrustee | 0 | $0 |
Craig Leggett Vice Chairman | OfficerTrustee | 0 | $0 |
Brian Campbell Secretary | OfficerTrustee | 0 | $0 |
Tim Robinson Treasurer | Trustee | 0 | $0 |
Mike Wild Director | Trustee | 0 | $0 |
Dan Bruno Director | Trustee | 0 | $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 | $2,001,500 |
| Investment income | $0 |
| 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 | $2,002,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,238,240 |
| 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 | $2,787 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,241,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $797,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $560 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| 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 | $797,974 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $797,974 |
| Net assets with donor restrictions | $0 |
| 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 | $797,974 |