Sherburne Area Local Development Corporation
- Assets
- $2.1m
- Revenue
- $344.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Sherburne, NY
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 90-0348340
Organization Overview
Sherburne Area Local Development Corporation is located in Sherburne, NY. The organization was established in 2009. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherburne Area 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 12/2021, Sherburne Area Local Development Corporation generated $344.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED AS A DIRECT SUPPORTING ORGANIZATION OF THE VILLAGE OF SHERBURNE, NEW YORK. ITS GOAL IS TO RELIEVE AND REDUCE UNEMPLOYMENT BY PROMOTING AND PROVIDING JOB OPPORTUNITIES IN THE VILLAGE AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION OF A NEW UTILITY SERVICES BUILDING AND DEVELOPMENT OF LAND INTO A MULTI-USE BUSINESS PARK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Acee President | OfficerTrustee | 5 | $0 |
Christopher Tomaselli Secretary | OfficerTrustee | 2 | $0 |
Travis Dubois CEO | Officer | 2 | $0 |
Ione Rogers Treasurer/cfo | Officer | 2 | $0 |
Michael Janitz Director | Trustee | 2 | $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 | $0 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $342,382 |
| Net Gain/Loss on Asset Sales | $1,947 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $344,343 |
| 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. | $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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4 |
| Savings and temporary cash investments | $31,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,015,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,332 |
| Other assets | $0 |
| Total assets | $2,055,336 |
| 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 | $255,028 |
| Total liabilities | $255,028 |
| Net assets without donor restrictions | $1,800,308 |
| 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 | $2,055,336 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan Country School Inc New York, NY | $44,093,729 | $11,269,443 |
Far Brook School Short Hills, NJ | $27,582,442 | $11,063,264 |
Buffalo United Charter School Buffalo, NY | $1,533,492 | $9,953,579 |
Yeshivath Achei Tmimim Of Pittsburgh Pittsburgh, PA | $5,717,280 | $7,468,575 |
Tashbar Of Lakewood Inc Lakewood, NJ | $19,590,673 | $11,659,311 |
Rudolf Steiner School Inc New York, NY | $11,968,445 | $9,692,890 |
Darrow School New Lebanon, NY | $16,589,833 | $8,020,932 |
The Charles River School Dover, MA | $30,996,715 | $9,587,665 |
Alliance For Progress Charter School Inc Philadelphia, PA | $4,292,305 | $9,583,853 |
International Charter School Of New York Brooklyn, NY | $4,796,141 | $10,826,439 |
Hillside School Marlborough, MA | $33,049,340 | $9,104,442 |
The Learning Community Charter School Inc Jersey City, NJ | $2,196,199 | $9,571,005 |