Civic Intelligence

Saratoga Economic Development Corporation

990 • Fiscal year 2014 • EIN 14-1605957

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

Organization ProfileWWW.SARATOGAEDC.COM

View Organization Page

28 Clinton StreetSaratoga Springs, NY 12866

(518) 587-0945

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

28th percentile

0.07x

Higher debt load relative to revenue than 28% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Net Margin

6th percentile

-68%

Higher net margin than 6% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

71st percentile

$157,409

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 36.4% of source-year revenue.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Asset Growth

8th percentile

-19%

Faster asset growth than 8% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

11th percentile

-39%

Faster revenue growth than 11% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$1,324,356

Down $309,537 (-19%) from 2013

Net Assets

Down

$1,292,263

Down $293,724 (-19%) from 2013

Liabilities

Down

$32,093

Down $15,813 (-33%) from 2013

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin6th percentile

Revenue

Down

$431,855

Down $279,861 (-39%) from 2013

Expenses

Up

$725,579

Up $15,770 (+2.2%) from 2013

Net Income

Down

-$293,724

Down $295,631 (-15502%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,589,408Liabilities 2010: $36,208Net Assets 2010: $1,553,2002010Assets 2011: $1,659,025Liabilities 2011: $53,520Net Assets 2011: $1,605,5052011Assets 2012: $1,619,390Liabilities 2012: $35,310Net Assets 2012: $1,584,0802012Assets 2013: $1,633,893Liabilities 2013: $47,906Net Assets 2013: $1,585,9872013Assets 2014: $1,324,356Liabilities 2014: $32,093Net Assets 2014: $1,292,2632014Assets 2015: $1,029,906Liabilities 2015: $39,316Net Assets 2015: $990,5902015Assets 2016: $1,555,409Liabilities 2016: $40,370Net Assets 2016: $1,515,0392016Assets 2017: $1,294,691Liabilities 2017: $27,850Net Assets 2017: $1,266,8412017Assets 2018: $964,745Liabilities 2018: $25,922Net Assets 2018: $938,8232018Assets 2019: $592,693Liabilities 2019: $16,597Net Assets 2019: $576,0962019Assets 2020: $479,273Liabilities 2020: $75,514Net Assets 2020: $403,7592020Assets 2021: $682,637Liabilities 2021: $25,984Net Assets 2021: $656,6532021Assets 2022: $872,200Liabilities 2022: $28,400Net Assets 2022: $843,8002022Assets 2023: $1,118,885Liabilities 2023: $43,995Net Assets 2023: $1,074,8902023Assets 2024: $875,297Liabilities 2024: $59,576Net Assets 2024: $815,7212024

Highlighted filing

2014

Assets$1,324,356
Liabilities$32,093
Net Assets$1,292,263
Open 2014 Filing

Operations Trend

Revenue Growth11th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,009,7982010Expenses 2011: $958,2592011Expenses 2012: $801,8142012Revenue 2013: $711,716Expenses 2013: $709,809Net Income 2013: $1,9072013Revenue 2014: $431,855Expenses 2014: $725,579Net Income 2014: -$293,7242014Revenue 2015: $642,422Expenses 2015: $944,095Net Income 2015: -$301,6732015Revenue 2016: $1,457,129Expenses 2016: $932,680Net Income 2016: $524,4492016Revenue 2017: $381,467Expenses 2017: $629,665Net Income 2017: -$248,1982017Revenue 2018: $435,083Expenses 2018: $763,101Net Income 2018: -$328,0182018Revenue 2019: $342,804Expenses 2019: $705,531Net Income 2019: -$362,7272019Revenue 2020: $536,815Expenses 2020: $709,152Net Income 2020: -$172,3372020Revenue 2021: $938,652Expenses 2021: $685,758Net Income 2021: $252,8942021Revenue 2022: $890,217Expenses 2022: $703,070Net Income 2022: $187,1472022Revenue 2023: $965,781Expenses 2023: $734,691Net Income 2023: $231,0902023Revenue 2024: $599,325Expenses 2024: $858,494Net Income 2024: -$259,1692024

Highlighted filing

2014

Revenue$431,855
Expenses$725,579
Net Income-$293,724
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$540,577
Mission and Program Overview

Mission

Saratoga economic development corporation creates job growth by promoting economic development in saratoga county

Saratoga economic development corporation creates job growth by promoting economic development in and around saratoga county

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,379,270$1,132,551▼ $246,719
Cash and Non-Interest-Bearing Accounts$132,425$55,559▼ $76,866
Accounts Receivable$70,688$54,352▼ $16,336
Prepaid Expenses and Deferred Charges$14,513$37,346▲ $22,833
Land, Buildings, and Equipment, Net$29,500$24,762▼ $4,738
Intangible Assets$7,497$19,786▲ $12,289
Total Assets$1,633,893$1,324,356▼ $309,537
Liabilities
Accounts Payable and Accrued Expenses$31,506$22,993▼ $8,513
Deferred Revenue$16,400$9,100▼ $7,300
Total Liabilities$47,906$32,093▼ $15,813
Net Assets / Fund Balance
Unrestricted Net Assets$1,585,987$1,292,263▼ $293,724
Total Net Assets Fund Balance$1,585,987$1,292,263▼ $293,724
Total Liabilities and Net Assets / Fund Balance$1,633,893$1,324,356▼ $309,537

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,205$274,320$284,525
Equipment$14,557$119,184$133,741
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis BrobstonPresidentFT$142,379$15,030$157,409

Board Members and Trustees

NameTitle
Tom LongeChairman
Cindy HollowoodVice Chair
Angelo CalboneDirector
John MunterDirector
Joseph DragoneDirector
Steve Von SchenkDirector
Todd ShimkusDirector
Steve SeaboyerTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$303,147
Program Service Revenue
$71,106
Investment Income
$3,282
Other Revenue
$54,320
All Other Contributions
$20,000
Change in Net Assets
$-293,724

Audited Revenue Reconciliation

Revenue per Audited Statements
$431,855
Total Revenue per Audited Statements
$431,855
Total Revenue per Form 990
$431,855
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$414,243
Other Expenses$311,336
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$164,195$26,732-$190,927
Current Officers, Directors, Trustees, and Key Employees$101,160$41,219-$142,379
Advertising$91,964--$91,964
Occupancy$39,067$10,841-$49,908
Fees for Services Other$1,867$32,526-$34,393
Pension Plan Contributions$25,188$6,450-$31,638
Payroll Taxes$22,298$5,710-$28,008
Other Employee Benefits$16,950$4,341-$21,291
Depreciation Depletion$15,478$3,602-$19,080
Travel$6,435$10,909-$17,344
Office Expenses$12,659$3,448-$16,107
Insurance$5,808$1,612-$7,420
Information Technology$5,949--$5,949
Other Expenses$8,724$4,525-$4,525
All Other Expenses$3,477$530-$4,007
Conferences and Meetings$1,470--$1,470
Total Functional Expenses$570,801$154,778$0$725,579

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$725,579
Total Expenses per Audited Statements$725,579
Total Expenses per Form 990$725,579
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$163,042
Fundraising Direct Expenses$108,722
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$83,255$83,255$8,186$75,069
Annual Dinner$130,400$34,062$21,027$13,035
Total Events$259,380$163,042$108,722$54,320
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

“There were two significant changes to the organization's bylaws since the last filing of the form 990. The first change is that upon dissolution, the assets will be distributed only to a charitable, non-profit corporation or association instead of only to the county of saratoga, new york. The second change is the number of the directors. The board of directors shall have no more that 15 members and no less than seven which is a change from having not more than eleven.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is made available, by the treasurer, to the entire board for review.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest forms are given out at the first board meeting every year and each board member is required to fill out the form. In addition at every board meeting, time is given for a review of the board meeting agenda to document and clarify potential conflicts of interest.”

Form 990, Page 6, Part VI, Line 15A

“Compensation is determined by research of different economic development organizations comparable pay for officers and key employees.”

Form 990, Page 6, Part VI, Line 15B

“Compensation is determined by research of different economic development organizations comparable pay for officers and key employees.”

Form 990, Page 6, Part VI, Line 19

“The organization's financial statements are available to the public, on request, for inspection at the office of the organization between the hours of 9 am and 5 pm.”

Filing and Contact Details

Filer

Filer Name
Saratoga Economic Development
EIN
14-1605957
Phone
5185870945
Address
28 CLINTON STREET, SARATOGA SPRINGS, NY 12866

Signing Officer

Name
Steve Seaboyer
Title
Treasurer
Phone
5185870945
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Brobston
Formed
1978
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
6

Preparer

Firm
Fredette Sankowski & Company
Address
25 WALTON ST, SARATOGA SPRINGS, NY 12866-2013
Preparer
Walter W Sankowski
Phone
5185834166
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Management has determined that the organization does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures.”

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IRS990/OtherExpensesGrp/TotalAmt039706
IRS990/OtherExpensesGrp/TotalAmt110739
IRS990/OtherExpensesGrp/TotalAmt28724
IRS990/OtherExpensesGrp/TotalAmt34525
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026732
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05710
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06450
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt025188
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014513
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037346
IRS990/PrincipalOfficerNm0DENNIS BROBSTON
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IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12050
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IRS990/PYContributionsGrantsAmt0378676
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IRS990/PYRevenuesLessExpensesAmt01907
IRS990/PYSalariesCompEmpBnftPaidAmt0448447
IRS990/PYTotalExpensesAmt0709809
IRS990/PYTotalRevenueAmt0711716
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-293724
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0431855
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01379270
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01132551
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING 183,072
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0303147
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0378676
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0392405
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0477512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0891605
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02443345
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03282
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03913
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06973
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012212
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014422
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt040802
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0749222
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt054320
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt029446
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt038258
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt029946
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt031102
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0183072
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89260
IRS990ScheduleA/PublicSupportPY170Pct00.92920
IRS990ScheduleA/PublicSupportTotal170Amt02380809
IRS990ScheduleA/SubstantialContributorsTotAmt062536
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0303147
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0378676
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0392405
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0477512
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0891605
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02443345
IRS990ScheduleA/TotalSupportAmt02667219
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt014557
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0119184
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0133741
IRS990ScheduleD/ExpensesSubtotalAmt0725579
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010205
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0274320
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0284525
IRS990ScheduleD/RevenueSubtotalAmt0431855
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024762
IRS990ScheduleD/TotalExpensesPerForm990Amt0725579
IRS990ScheduleD/TotalRevenuePerForm990Amt0431855
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0431855
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0725579
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt096338
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt096338
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0108722
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt030125
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0130400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt083255
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt045725
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0259380
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034062
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt083255
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt045725
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0163042
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt054320
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt08466
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt037679
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt021027
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08186
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt03937
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt018833
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt018148
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt040918
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleJ/SeverancePaymentInd0false
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE WERE TWO SIGNIFICANT CHANGES TO THE ORGANIZATION'S BYLAWS SINCE THE LAST FILING OF THE FORM 990. THE FIRST CHANGE IS THAT UPON DISSOLUTION, THE ASSETS WILL BE DISTRIBUTED ONLY TO A CHARITABLE, NON-PROFIT CORPORATION OR ASSOCIATION INSTEAD OF ONLY TO THE COUNTY OF SARATOGA, NEW YORK. THE SECOND CHANGE IS THE NUMBER OF THE DIRECTORS. THE BOARD OF DIRECTORS SHALL HAVE NO MORE THAT 15 MEMBERS AND NO LESS THAN SEVEN WHICH IS A CHANGE FROM HAVING NOT MORE THAN ELEVEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS MADE AVAILABLE, BY THE TREASURER, TO THE ENTIRE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST FORMS ARE GIVEN OUT AT THE FIRST BOARD MEETING EVERY YEAR AND EACH BOARD MEMBER IS REQUIRED TO FILL OUT THE FORM. IN ADDITION AT EVERY BOARD MEETING, TIME IS GIVEN FOR A REVIEW OF THE BOARD MEETING AGENDA TO DOCUMENT AND CLARIFY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED BY RESEARCH OF DIFFERENT ECONOMIC DEVELOPMENT ORGANIZATIONS COMPARABLE PAY FOR OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS DETERMINED BY RESEARCH OF DIFFERENT ECONOMIC DEVELOPMENT ORGANIZATIONS COMPARABLE PAY FOR OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC, ON REQUEST, FOR INSPECTION AT THE OFFICE OF THE ORGANIZATION BETWEEN THE HOURS OF 9 AM AND 5 PM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,324,356
Liabilities
$32,093
Net assets
$1,292,263
Revenue
$431,855
Expenses
$725,579
Net income
-$293,724
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.06$0.82$0.60$0.86$0.26
2023Summary only. Only limited summary data is available for this year.$1.12$0.04$1.07$0.97$0.73$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.03$0.84$0.89$0.70$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.03$0.66$0.94$0.69$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.08$0.40$0.54$0.71$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.02$0.58$0.34$0.71$0.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.03$0.94$0.44$0.76$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.03$1.27$0.38$0.63$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.04$1.52$1.46$0.93$0.52
2015Detailed filing. Detailed filing data is available for this year.$1.03$0.04$0.99$0.64$0.94$0.30
2014Detailed filing. Detailed filing data is available for this year.$1.32$0.03$1.29$0.43$0.73$0.29
2013Detailed filing. Detailed filing data is available for this year.$1.63$0.05$1.59$0.71$0.71$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.04$1.58$0.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.05$1.61$0.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.04$1.55$1.01