Civic Intelligence

Saratoga Economic Development Corporation

990 • Fiscal year 2021 • EIN 14-1605957

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 08, 2022

Organization ProfileWWW.SARATOGAEDC.COM

View Organization Page

56 Duplainville RoadSaratoga Springs, NY 12866

(518) 587-0945

Siviq Scores

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

Liabilities / Assets

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

36th percentile

0.03x

Higher debt load relative to revenue than 36% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Net Margin

76th percentile

27%

Higher net margin than 76% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

88th percentile

$159,725

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Asset Growth

83rd percentile

42%

Faster asset growth than 83% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

75%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$682,637

Up $203,364 (+42%) from 2020

Net Assets

Up

$656,653

Up $252,894 (+63%) from 2020

Liabilities

Down

$25,984

Down $49,530 (-66%) from 2020

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin76th percentile

Revenue

Up

$938,652

Up $401,837 (+75%) from 2020

Expenses

Down

$685,758

Down $23,394 (-3.3%) from 2020

Net Income

Up

$252,894

Up $425,231 (+247%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2021

Assets$682,637
Liabilities$25,984
Net Assets$656,653
Open 2021 Filing

Operations Trend

Revenue Growth86th 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

2021

Revenue$938,652
Expenses$685,758
Net Income$252,894
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 8, 2022
Return Version
2021v4.0
Gross Receipts
$951,834
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 saratoga county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$214,909$542,862▲ $327,953
Cash and Non-Interest-Bearing Accounts$51,024$99,544▲ $48,520
Pledges and Grants Receivable$40,204--
Savings and Temporary Cash Investments$161,111$23,678▼ $137,433
Prepaid Expenses and Deferred Charges$7,622$11,563▲ $3,941
Land, Buildings, and Equipment, Net$4,403$4,990▲ $587
Total Assets$479,273$682,637▲ $203,364
Liabilities
Accounts Payable and Accrued Expenses$57,564$24,984▼ $32,580
Deferred Revenue$17,950$1,000▼ $16,950
Total Liabilities$75,514$25,984▼ $49,530
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$403,759$656,653▲ $252,894
Total Net Assets Fund Balance$403,759$656,653▲ $252,894
Total Liabilities and Net Assets / Fund Balance$479,273$682,637▲ $203,364

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,990$242,184$247,174
Equipment-$80,008$80,008

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$40,204--$40,204-
2020$258,693$67,136-$285,625$40,204
2019$480,760$6,583-$228,650$258,693
2018$745,398$10,096-$274,734$480,760
2017$989,564$31,567-$275,733$745,398
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis BrobstonPresidentFT$142,028$17,697$159,725

Board Members and Trustees

NameTitle
John MunterChairman
Tom LongeVice Chairma
Michael RelyeaDirector
Tom SamascottDirector
Steve SeaboyerAssistant Tr
Cindy HollowoodAt Large
Doug FordTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$394,049
Program Service Revenue
$489,742
Investment Income
$67
Other Revenue
$54,794
All Other Contributions
$244,828
Change in Net Assets
$252,894

Audited Revenue Reconciliation

Revenue per Audited Statements
$938,652
Total Revenue per Audited Statements
$938,652
Total Revenue per Form 990
$938,652
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$427,746
Other Expenses$258,012
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$136,235$61,619-$197,854
Current Officers, Directors, Trustees, and Key Employees$110,569$31,459-$142,028
Advertising$95,651--$95,651
Fees for Services Legal-$36,664-$36,664
Pension Plan Contributions$24,570$9,268-$33,838
Office Expenses$20,259$8,622-$28,881
Other Employee Benefits$19,721$7,435-$27,156
Payroll Taxes$19,511$7,359-$26,870
Occupancy$13,636$5,943-$19,579
Travel$4,451$7,199-$11,650
Fees for Services Accounting-$8,000-$8,000
Insurance$5,298$2,309-$7,607
Other Expenses$3,753$1,635-$5,388
All Other Expenses$414$3,981-$4,395
Information Technology$1,589--$1,589
Depreciation Depletion$1,066$465-$1,531
Total Functional Expenses$493,800$191,958$0$685,758

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$685,758
Total Expenses per Audited Statements$685,758
Total Expenses per Form 990$685,758
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$61,265
Fundraising Direct Expenses$13,182
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Economic Summit$33,620$33,620$2,350$31,270
Golf$18,245$18,245$2,887$15,358
Total Events$61,265$61,265$13,182$48,083
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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 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
56 DUPLAINVILLE ROAD, SARATOGA SPRINGS, NY 12866

Signing Officer

Name
Doug Ford
Title
Treasurer/secretary
Phone
5185870945
Signed
2022-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Brobston
Formed
1978
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
4

Preparer

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

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The intended use for funds is to create jobs and accelerate innovation”

Schedule D, Page 3, Part X

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

Raw XML AppendixShowing 400 of 491 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt057564
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt024984
IRS990/AccountsReceivableGrp/BOYAmt0214909
IRS990/AccountsReceivableGrp/EOYAmt0542862
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SARATOGA ECONOMIC DEVELOPMENT CORPORATION CREATES JOB GROWTH BY PROMOTING ECONOMIC DEVELOPMENT IN SARATOGA COUNTY.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ProgramServicesAmt095651
IRS990/AdvertisingGrp/TotalAmt095651
IRS990/AllOtherContributionsAmt0244828
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03981
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0414
IRS990/AllOtherExpensesGrp/TotalAmt04395
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0DENNIS BROBSTON
IRS990/BooksInCareOfDetail/PhoneNum05185870945
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt056 DUPLAINVILLE ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0SARATOGA SPRINGS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012866
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt051024
IRS990/CashNonInterestBearingGrp/EOYAmt099544
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt031459
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0110569
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0142028
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0394049
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt067
IRS990/CYOtherExpensesAmt0258012
IRS990/CYOtherRevenueAmt054794
IRS990/CYProgramServiceRevenueAmt0489742
IRS990/CYRevenuesLessExpensesAmt0252894
IRS990/CYSalariesCompEmpBnftPaidAmt0427746
IRS990/CYTotalExpensesAmt0685758
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0938652
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt017950
IRS990/DeferredRevenueGrp/EOYAmt01000
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0465
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01066
IRS990/DepreciationDepletionGrp/TotalAmt01531
IRS990/Desc0SARATOGA ECONOMIC DEVELOPMENT CORPORATION CREATED JOB GROWTH BY PROMOTING ECONOMIC DEVELOPMENT IN SARATOGA COUNTY BY PROMOTING SARATOGA COUNTY TO PRESENT AND PROSPECTIVE INDUSTRIES AND BUSINESSES. APPROXIMATELY 230,000 PEOPLE BENEFIT FROM THESE SERVICES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0493800
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08000
IRS990/FeesForServicesAccountingGrp/TotalAmt08000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt036664
IRS990/FeesForServicesLegalGrp/TotalAmt036664
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt035.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt017697
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0DENNIS BROBSTON
IRS990/Form990PartVIISectionAGrp/PersonNm1DOUG FORD
IRS990/Form990PartVIISectionAGrp/PersonNm2CINDY HOLLOWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm3TOM LONGE
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN MUNTER
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL RELYEA
IRS990/Form990PartVIISectionAGrp/PersonNm6TOM SAMASCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm7STEVE SEABOYER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0142028
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SE
IRS990/Form990PartVIISectionAGrp/TitleTxt2AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7ASSISTANT TR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt013182
IRS990/FundraisingGrossIncomeAmt061265
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0951834
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt01589
IRS990/InformationTechnologyGrp/TotalAmt01589
IRS990/InsuranceGrp/ManagementAndGeneralAmt02309
IRS990/InsuranceGrp/ProgramServicesAmt05298
IRS990/InsuranceGrp/TotalAmt07607
IRS990/InvestmentIncomeGrp/ExclusionAmt067
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt067
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0322192
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04403
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04990
IRS990/LandBldgEquipCostOrOtherBssAmt0327182
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0149221
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SARATOGA ECONOMIC DEVELOPMENT CORPORATION CREATES JOB GROWTH BY PROMOTING ECONOMIC DEVELOPMENT IN SARATOGA COUNTY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0403759
IRS990/NetAssetsOrFundBalancesEOYAmt0656653
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt048083
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0403759
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0656653
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt05943
IRS990/OccupancyGrp/ProgramServicesAmt013636
IRS990/OccupancyGrp/TotalAmt019579
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08622
IRS990/OfficeExpensesGrp/ProgramServicesAmt020259
IRS990/OfficeExpensesGrp/TotalAmt028881
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07435
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019721
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027156
IRS990/OtherExpensesGrp/Desc0BAD DEBTS
IRS990/OtherExpensesGrp/Desc1LICENSES, DUES AND FEES
IRS990/OtherExpensesGrp/Desc2PROSPECT DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01635
IRS990/OtherExpensesGrp/ProgramServicesAmt019500
IRS990/OtherExpensesGrp/ProgramServicesAmt110711
IRS990/OtherExpensesGrp/ProgramServicesAmt26866
IRS990/OtherExpensesGrp/ProgramServicesAmt33753
IRS990/OtherExpensesGrp/TotalAmt019500
IRS990/OtherExpensesGrp/TotalAmt110711
IRS990/OtherExpensesGrp/TotalAmt26866
IRS990/OtherExpensesGrp/TotalAmt35388
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06711
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06711
IRS990/OtherRevenueTotalAmt06711
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt061619
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0136235
IRS990/OtherSalariesAndWagesGrp/TotalAmt0197854
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07359
IRS990/PayrollTaxesGrp/ProgramServicesAmt019511
IRS990/PayrollTaxesGrp/TotalAmt026870
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09268
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt024570
IRS990/PensionPlanContributionsGrp/TotalAmt033838
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt040204
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07622
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011563
IRS990/PrincipalOfficerNm0DENNIS BROBSTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1541800
IRS990/ProgramServiceRevenueGrp/Desc0PACKAGING FEES
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0345553
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1144189
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0345553
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1144189
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0358598
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0187
IRS990/PYOtherExpensesAmt0284541
IRS990/PYOtherRevenueAmt014496
IRS990/PYProgramServiceRevenueAmt0163534
IRS990/PYRevenuesLessExpensesAmt0-172337
IRS990/PYSalariesCompEmpBnftPaidAmt0424611
IRS990/PYTotalExpensesAmt0709152
IRS990/PYTotalRevenueAmt0536815
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0252894
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0496453
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0161111
IRS990/SavingsAndTempCashInvstGrp/EOYAmt023678
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING 79,703 PROGRAM SERVICE 954,857
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0394049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0358598
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0275369
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0321552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0205682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01555250
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0583
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0975
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0880
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02692
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01279594
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0537825
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0169509
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt055930
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0104812
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0166484
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01034560
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51180
IRS990ScheduleA/PublicSupportPY170Pct00.70840
IRS990ScheduleA/PublicSupportTotal170Amt01326756
IRS990ScheduleA/SubstantialContributorsTotAmt0228494
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0394049
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0358598
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0275369
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0321552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0205682
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01555250
IRS990ScheduleA/TotalSupportAmt02592502
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/CYEndwmtFundGrp/BeginningYearBalanceAmt040204
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt040204
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0258693
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt067136
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt040204
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0285625
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0480760
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt06583
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0258693
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0228650
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0745398
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt010096
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0480760
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0274734
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0989564
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt031567
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0745398
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0275733
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt080008
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080008
IRS990ScheduleD/ExpensesSubtotalAmt0685758
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04990
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0242184
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0247174
IRS990ScheduleD/RevenueSubtotalAmt0938652
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE FOR FUNDS IS TO CREATE JOBS AND ACCELERATE INNOVATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MAY MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04990
IRS990ScheduleD/TotalExpensesPerForm990Amt0685758
IRS990ScheduleD/TotalRevenuePerForm990Amt0938652
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0938652
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0685758
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013182
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt0250
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0250
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ECONOMIC SUMMIT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt02979
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02979
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033620
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt018245
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt09400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt061265
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt033620
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt018245
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt09400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt061265
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt048083
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05237
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02350
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02887
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt04716
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt04716
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0142028
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017697
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DENNIS BROBSTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0159725
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS MADE AVAILABLE, BY THE TREASURER, TO THE ENTIRE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT 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.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$682,637
Liabilities
$25,984
Net assets
$656,653
Revenue
$938,652
Expenses
$685,758
Net income
$252,894
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
2021Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $500k-$1M nonprofits