1000 Islands Regional Local Development Corporation
- Assets
- $72.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, NY
- Founding
- Data as of
- 06/2022
- EIN
- 84-1988435
Organization Overview
1000 Islands Regional Local Development Corporation is located in Watertown, NY. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1000 Islands Regional Local 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 06/2022, 1000 Islands Regional Local Development Corporation generated $70.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $40.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 3 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
2022
Describe the Organization's Program Activity:
Part 3
TO CREATE ECONOMIC DEVELOPMENT IN THE THOUSAND ISLAND REGION OF NORTHERN NY BY CONSTRUCTING A MULIT-PURPOSE EVENT CENTER IN A DISTRESSED AREA OF NYS WITH THE CREATION OF 38 FULL-TIME JOBS AND $20 MILLION IN PAYROLL AS WELL AS AN INDIRECT IMPACT OF 220 FULL-TIME JOBS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Campbell Director | 1 | $0 | |
Joel Bartlett Chief Executive Officer | 5 | $0 | |
John Morgia Director | 1 | $0 | |
Frederick Hager Director | 1 | $0 | |
Thomas E Bowie Treasurer | 1 | $0 | |
Michele Traynor Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,000 |
| 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 | $37,742 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,408 |
| Total expenses | $40,150 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,878 |
| Other assets | $0 |
| Total assets | $72,878 |
| Total liabilities | $4,603 |
| Net assets or fund balances | $68,275 |
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