Fulton County Center For Regional Growth Inc
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Gloversville, NY
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 45-4919269
Organization Overview
Fulton County Center For Regional Growth Inc is located in Gloversville, NY. The organization was established in 2014. 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. As of 12/2023, Fulton County Center For Regional Growth Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fulton County Center For Regional Growth Inc 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, Fulton County Center For Regional Growth Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $974.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN OUR ECONOMIC BASE, FACILITATE SUSTAINABLE GROWTH, ENHANCE THE COMPETITIVE POSITION OF OUR REGION, ITS COUNTIES, TOWNS AND CITIES AND FACILITATE INVESTMENTS THAT BUILD CAPACITY ,CREATE JOBS, IMPROVE QUALITY OF LIFE AND INCREASE THE STANDARD OF LIVING FOR ALL OF ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING ECONIMIC DEVELOPMENT WITHIN FULTON COUNTY, NEW YORK THROUGH ADMINISTRATION OF CERTAIN GOVERNMENT GRANTS SUCH AS AND FROM EPA BROWNFIELDS, HUD AND NYS MICROENTERPRISE PROGRAM. ADMINISTRATION OF LOAN FUNDS FOR THE CITY OF JOHNSTOWN, FULTON COUNTY, CITY OF GLOVERSVILLE AND THE NYS JOB DEVELOPMENT AGENCY. MARKETING THE CROSSROADS INDUSTRIAL PARK, JOHNSTOWN INDUSTRIAL PARK, CROSSROADS BUSINESS PARK AND JOHNSTOWN COMMERCE PARK. WORKING WITH FULTON COUNTY OFFICIALS, FULTON COUNTY IDA, FULTON MONTGOMERY REGIONAL CHAMBER OF COMMERCE AND MANY NYS AGENCIES.
PROMOTING ECONOMIC DEVELOPMENT WITHIN FULTON COUNTY, NEW YORK THROUGH ADMINISTRATION OF CERTAIN GOVERNMENT GRANTS AND PROJECTS INCLUDING REVOLVING LOAN POOLS, CROSSROADS INDUSTRIAL PARK, JOHNSTOWN INDUSTRIAL PARK, CROSSROADS BUSINESS PARK, EMPIRE ZONE, INCUBATOR BUILDING, BUSINESS ASSISTANCE CENTER, AND ESTEE COMMONS APARTMENT COMPLEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Peters President/ce | Trustee | 40 | $119,243 |
Timothy Beckett Past Chair | OfficerTrustee | 2 | $0 |
Terri Easterly Secretary | OfficerTrustee | 1 | $0 |
Dr Leslie Ford Vice Chair | OfficerTrustee | 2 | $0 |
Warren Greene Director | Trustee | 1 | $0 |
Kent Kirch Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $253,343 |
| 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 | $253,343 |
| Total Program Service Revenue | $593,554 |
| Investment income | $141,961 |
| 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 | $1,024,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $119,243 |
| Compensation of current officers, directors, key employees. | $15,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,987 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $56,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,242 |
| Fees for services: Accounting | $20,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $137,149 |
| Office expenses | $16,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,025 |
| 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 | $12,327 |
| All other expenses | $0 |
| Total functional expenses | $974,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,008,926 |
| Savings and temporary cash investments | $113,423 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $23,667 |
| 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 | $1,303 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,563 |
| Total assets | $1,201,882 |
| Accounts payable and accrued expenses | $7,416 |
| Grants payable | $0 |
| Deferred revenue | $27,042 |
| 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 | $17,500 |
| Total liabilities | $51,958 |
| Net assets without donor restrictions | $1,149,924 |
| 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 | $1,201,882 |