Northeastern Economic Developers Association
- Assets
- $3.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 10/2003
- Data as of
- 12/2020
- EIN
- 46-0499400
Organization Overview
Northeastern Economic Developers Association is located in Albany, NY. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Northeastern Economic Developers Association 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 12/2020, Northeastern Economic Developers Association generated $15.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $27.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (24.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
ORGANIZE AND PROVIDE ANNUAL CONFERENCE FOR PROFESSIONALDEVELOPMENT ACCREDITED FOR CONTINUING EDUCATION CREDITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Shupp Menet President | 4 | $0 | |
Tracey Desjardins Treasurer | 3 | $0 | |
Karen Pollard Past President | 2 | $0 | |
Lyle Sclair Director | 3 | $0 | |
Latoya Wilson Director | 3 | $0 | |
Anthony Capece Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $4,720 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,720 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $24,568 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,742 |
| Total expenses | $27,310 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,382 |
| Other assets | $0 |
| Total assets | $3,382 |
| Total liabilities | $33,128 |
| Net assets or fund balances | -$29,746 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northeastern Economic Developers Association has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Central District Management Assocation Albany, NY PURPOSE: COVID-19 ASSISTANCE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Choose New Jersey Inc Newark, NJ | $7,145,867 | $9,053,939 |
Dauphin County Economic Development Corporation Harrisburg, PA | $8,424,591 | $10,449,757 |
Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc Bethlehem, PA | $58,069,128 | $6,233,285 |
Greater Pittsburgh Convention & Visitors Bureau Inc Pittsburgh, PA | $10,210,665 | $8,196,256 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Delaware Valley Industrial Resource Center Philadelphia, PA | $2,959,574 | $7,894,285 |
Elizabeth Development Company Of New Jersey Elizabeth, NJ | $19,921,454 | $5,978,138 |
Pa Irc Network Foundation Williamsport, PA | $229,668 | $6,193,798 |