Civic Intelligence

Schenectady Economic Development Corporation

990EZ • Fiscal year 2016 • EIN 14-1458736

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 09, 2017

Organization ProfileN/A

View Organization Page

C/O J Fenaroli 155 Erie BlvdSchenectady, NY 12305

(518) 377-8822

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

1st percentile

-3953%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-78%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2016

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $39,091 (-100%) from 2015

Net Assets

Down

$0

Down $39,091 (-100%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin1st percentile

Revenue

$989

No earlier filing loaded for comparison.

Expenses

Up

$40,080

Up $38,458 (+2371%) from 2015

Net Income

-$39,091

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2010: $134,733Liabilities 2010: $7,4582010Assets 2011: $53,785Liabilities 2011: $7,4582011Assets 2012: $52,580Net Assets 2012: $52,5802012Assets 2013: $23,301Net Assets 2013: $23,3012013Assets 2014: $40,714Net Assets 2014: $40,7142014Assets 2015: $39,091Net Assets 2015: $39,0912015Assets 2016: $0Net Assets 2016: $02016

Highlighted filing

2016

Assets$0
Liabilities-
Net Assets$0
Open 2016 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50K-$100KRevenue 2010: $500Expenses 2010: $500Net Income 2010: $02010Revenue 2011: $500Expenses 2011: $81,448Net Income 2011: -$80,9482011Revenue 2012: $6,858Expenses 2012: $605Net Income 2012: $6,2532012Revenue 2013: $183Expenses 2013: $29,463Net Income 2013: -$29,2802013Revenue 2014: $20,876Expenses 2014: $3,463Net Income 2014: $17,4132014Expenses 2015: $1,6222015Revenue 2016: $989Expenses 2016: $40,080Net Income 2016: -$39,0912016

Highlighted filing

2016

Revenue$989
Expenses$40,080
Net Income-$39,091
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 9, 2017
Return Version
2016v3.0
Gross Receipts
$989
Mission and Program Overview

Mission

To support economic development with loan activity.

Program Services

DescriptionGrantsExpenses
LOANS TO BUSINESSES--
LOANS TO BUSINESSES/FINAL DISTRIBUTION TO STATE/RELATED GOVERNMENT--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN FENAROLIChair-$0--
H RICHARD LEWISTrustee-$0--
LOUIS BUHRMASTERTrustee-$0--
JEFFREY CHRISTIANATrustee-$0--
ROBERT FARLEYTrustee-$0--
RUDY GRANTTrustee-$0--
CAROLINA LAZZARITrustee-$0--
MARY ANN RACICOTTrustee-$0--
PAUL SCHWARZTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Schenectady Economic Development
EIN
14-1458736
Phone
5183778822
Address
C/O J FENAROLI 155 ERIE BLVD, SCHENECTADY, NY 12305

Signing Officer

Name
John Fenaroli
Title
Chair
Phone
5183778822
Signed
2017-02-09
Discuss with paid preparer
Yes

Preparer

Firm
ZALUCKI AND HALSTEAD LLP CPA'S
Address
230 STATE STREET, SCHENECTADY, NY 12305-1888
Preparer
John P Halstead
Phone
5183825600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

“Schenectady county 35,115 620 state street schenectady ny 12305”

Form 990-ez, Part I, Line 16

“Expenses insurance 645 total 645”

Form 990-ez, Part II, Line 24

“Various loans 609,005 0 less allowance 609,005 0 net 0 0 total 0 0”

Form 990-ez, Part III, Line 31

“Loans to businesses/final distribution to state/related government”

Raw XML Appendix144 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SEDC
IRS990EZ/BooksInCareOfDetail/PhoneNum05183778822
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0155 ERIE BLVD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SCHENECTADY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd012305
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt039091
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0989
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-39091
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04320
IRS990EZ/FinalReturnInd0X
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/GrantsAndSimilarAmountsPaidAmt035115
IRS990EZ/GrossReceiptsAmt0989
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt039091
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt039091
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt8000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOHN FENAROLI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1H RICHARD LEWIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LOUIS BUHRMASTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JEFFREY CHRISTIANA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ROBERT FARLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5RUDY GRANT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6CAROLINA LAZZARI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7MARY ANN RACICOT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8PAUL SCHWARZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8TRUSTEE
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0645
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO SUPPORT ECONOMIC DEVELOPMENT WITH LOAN ACTIVITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LOANS TO BUSINESSES
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1LOANS TO BUSINESSES/FINAL DISTRIBUTION TO STATE/RELATED GOVERNMENT
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt040080
IRS990EZ/TotalRevenueAmt0989
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH FROM CHECKING ACC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02016-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0146002431
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt035115
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0GOVERNMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0SCHENECTADY COUNTY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0620 STATE ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0SCHENECTADY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd012305
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION CLOSED. ASSETS TURNED OVER TO SCHENECTADY COUNTY, THE ORGANIZATION THAT CREATED THIS ENTITY, IN ORDER TO CONTINUE ECONOMIC DEVELOPMENT.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 2, PART I, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHENECTADY COUNTY 35,115 620 STATE STREET SCHENECTADY NY 12305
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES INSURANCE 645 TOTAL 645
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VARIOUS LOANS 609,005 0 LESS ALLOWANCE 609,005 0 NET 0 0 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LOANS TO BUSINESSES/FINAL DISTRIBUTION TO STATE/RELATED GOVERNMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN FENAROLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05183778822
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHENECTADY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SCHE
ReturnHeader/Filer/EIN0141458736
ReturnHeader/Filer/PhoneNum05183778822
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O J FENAROLI 155 ERIE BLVD
ReturnHeader/Filer/USAddress/CityNm0SCHENECTADY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012305
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02BF46A001D66EF8C2FB0DF49E464009C42831411
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02BF46A001D66EF8C2FB0DF49E464009C42831411
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141746961
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ZALUCKI AND HALSTEAD LLP CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0230 STATE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SCHENECTADY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0123051888
ReturnHeader/PreparerPersonGrp/PhoneNum05183825600
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN P HALSTEAD
ReturnHeader/ReturnTs02017-02-09T15:19:02-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
-
Net assets
$0
Revenue
$989
Expenses
$40,080
Net income
-$39,091
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.40$0.39
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.39$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.41$0.41$0.21$0.03$0.17
2013Detailed filing. Detailed filing data is available for this year.$0.23$0.23$0.00$0.29$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.53$0.07$0.01$0.06
2011Summary only. Only limited summary data is available for this year.$0.54$0.07$0.01$0.81$0.81
2010Summary only. Only limited summary data is available for this year.$1.35$0.07$0.01$0.01$0.00