Civic Intelligence

Economic Development Corporation

EIN 14-1757090 • 501(c)3 • Glens Falls, NY

Profile

To plan, promote, coordinate and execute programs in the warren county region of new york state aimed at improving the quality of life of its residents by enhancing and diversifying the economy of the region.

11 South Street 201Glens Falls, NY 12801

www.edcwc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.22x

Higher debt load relative to assets than 57% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.32x

Higher debt load relative to revenue than 61% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Net Margin

33rd percentile

-1.5%

Higher net margin than 33% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$172,757

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 24.1% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2024

Asset Growth

27th percentile

-3.5%

Faster asset growth than 27% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

13%

Faster revenue growth than 61% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$1,060,806

Down $115,386 (-9.8%) from 2022

Liabilities

Down

$253,877

Down $37,845 (-13%) from 2022

Net Assets

Down

$806,929

Down $77,541 (-8.8%) from 2022

Operations
Liabilities / Revenue61st percentileNet Margin33rd percentile

Revenue

Up

$637,594

Up $60,852 (+11%) from 2022

Expenses

Down

$715,135

Down $117,559 (-14%) from 2022

Net Income

Up

-$77,541

Up $178,411 (+70%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $362,642Liabilities 2011: $34,938Net Assets 2011: $327,7042011Assets 2012: $440,593Liabilities 2012: $18,959Net Assets 2012: $421,6342012Assets 2013: $616,231Liabilities 2013: $8,431Net Assets 2013: $607,8002013Assets 2014: $670,374Liabilities 2014: $22,173Net Assets 2014: $648,2012014Assets 2015: $1,086,325Liabilities 2015: $23,607Net Assets 2015: $1,062,7182015Assets 2016: $1,132,761Liabilities 2016: $36,806Net Assets 2016: $1,095,9552016Assets 2017: $1,261,194Liabilities 2017: $13,009Net Assets 2017: $1,248,1852017Assets 2018: $1,421,222Liabilities 2018: $63,633Net Assets 2018: $1,357,5892018Assets 2019: $1,378,203Liabilities 2019: $17,602Net Assets 2019: $1,360,6012019Assets 2020: $1,303,870Liabilities 2020: $26,523Net Assets 2020: $1,277,3472020Assets 2021: $1,175,986Liabilities 2021: $35,564Net Assets 2021: $1,140,4222021Assets 2022: $1,176,192Liabilities 2022: $291,722Net Assets 2022: $884,4702022Assets 2023: $1,060,806Liabilities 2023: $253,877Net Assets 2023: $806,9292023

Highlighted filing

2023

Assets$1,060,806
Liabilities$253,877
Net Assets$806,929
Open 2023 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $467,153Expenses 2011: $461,162Net Income 2011: $5,9912011Revenue 2012: $514,018Expenses 2012: $420,088Net Income 2012: $93,9302012Revenue 2013: $568,783Expenses 2013: $382,617Net Income 2013: $186,1662013Revenue 2014: $632,907Expenses 2014: $592,506Net Income 2014: $40,4012014Revenue 2015: $1,029,619Expenses 2015: $615,102Net Income 2015: $414,5172015Revenue 2016: $660,007Expenses 2016: $626,770Net Income 2016: $33,2372016Revenue 2017: $683,352Expenses 2017: $531,122Net Income 2017: $152,2302017Revenue 2018: $724,842Expenses 2018: $615,438Net Income 2018: $109,4042018Revenue 2019: $618,344Expenses 2019: $524,273Net Income 2019: $94,0712019Revenue 2020: $522,446Expenses 2020: $605,700Net Income 2020: -$83,2542020Revenue 2021: $540,715Expenses 2021: $677,640Net Income 2021: -$136,9252021Revenue 2022: $576,742Expenses 2022: $832,694Net Income 2022: -$255,9522022Revenue 2023: $637,594Expenses 2023: $715,135Net Income 2023: -$77,5412023

Highlighted filing

2023

Revenue$637,594
Expenses$715,135
Net Income-$77,541
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$1,060,806
Liabilities
$253,877
Net assets
$806,929
Revenue
$637,594
Expenses
$715,135
Net income
-$77,541
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.06$0.25$0.81$0.64$0.72$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.29$0.88$0.58$0.83$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.04$1.14$0.54$0.68$0.14
2020Summary only. Only limited summary data is available for this year.$1.30$0.03$1.28$0.52$0.61$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.02$1.36$0.62$0.52$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.06$1.36$0.72$0.62$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.01$1.25$0.68$0.53$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.04$1.10$0.66$0.63$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.09$0.02$1.06$1.03$0.62$0.41
2014Detailed filing. Detailed filing data is available for this year.$0.67$0.02$0.65$0.63$0.59$0.04
2013Summary only. Only limited summary data is available for this year.$0.62$0.01$0.61$0.57$0.38$0.19
2012Summary only. Only limited summary data is available for this year.$0.44$0.02$0.42$0.51$0.42$0.09
2011Summary only. Only limited summary data is available for this year.$0.36$0.03$0.33$0.47$0.46$0.01
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 11, 2023
Return Version
2022v5.0
Gross Receipts
$576,742
Mission and Program Overview

Mission

Edc is the central source for warren county economic development efforts, as it guides programs and projects throughout the southern adirondack region. Edc achieves results through collaborative public-private partnerships designed to encourage new investment opportunities that create jobs and create a sustainable community and area economy.

To drive economic opportunity, growth, and prosperity in warren county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$548,300$651,927▲ $103,627
Land, Buildings, and Equipment, Net$173,492$167,421▼ $6,071
Accounts Receivable$424,130$85,000▼ $339,130
Cash and Non-Interest-Bearing Accounts$15,375$41,102▲ $25,727
Prepaid Expenses and Deferred Charges$12,882$10,811▼ $2,071
Intangible Assets$0$0→ $0
Total Assets$1,175,986$1,176,192▲ $206
Other Assets Total$1,807$219,931▲ $218,124
Liabilities
Other Liabilities$0$216,036▲ $216,036
Deferred Revenue-$57,000-
Accounts Payable and Accrued Expenses$35,564$18,686▼ $16,878
Total Liabilities$35,564$291,722▲ $256,158
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,140,422$884,470▼ $255,952
Total Net Assets Fund Balance$1,140,422$884,470▼ $255,952
Total Liabilities and Net Assets / Fund Balance$1,175,986$1,176,192▲ $206

Asset Categories

AssetBook ValueDepreciationBasis
Land$130,437-$130,437
Equipment$36,984$75,921$112,905
Other Assets Org$216,036--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim SiplonPresident/CEOFT$126,829$38,695$165,524

Board Members and Trustees

NameTitle
Matthew FullerPast-chair
Mitch AmadoPresident
Kathryn MuncilVice Chair
John StroughBoard Member
Judy CalogeroBoard Member
Kristine DuffyBoard Member
Libby CorenoBoard Member
Michael PrattBoard Member
Mike WildBoard Member
Susan CorneyBoard Member
Laura LaduSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$564,750
Program Service Revenue
$11,425
Investment Income
$417
Other Revenue
$150
All Other Contributions
$130,750
Change in Net Assets
$-255,952

Audited Revenue Reconciliation

Revenue per Audited Statements
$576,742
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$10,384
Total Revenue per Audited Statements
$587,126
Total Revenue per Form 990
$576,742
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$551,137
Other Expenses$281,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$191,539$120,447-$311,986
Current Officers, Directors, Trustees, and Key Employees$132,419$33,105-$165,524
Advertising$100,254--$100,254
Occupancy$23,662$23,662-$47,324
Information Technology$21,458$17,011-$38,469
Payroll Taxes$29,482$7,371-$36,853
Other Employee Benefits$15,615$3,904-$19,519
Pension Plan Contributions$13,804$3,451-$17,255
All Other Expenses$6,292$7,298-$13,590
Fees for Services Accounting-$13,350-$13,350
Fees for Services Legal$4,876$4,876-$9,752
Insurance-$7,528-$7,528
Other Expenses$6,824$2,085-$6,824
Depreciation Depletion$3,036$3,035-$6,071
Office Expenses$1,097$1,096-$2,193
Fees for Services Other$1,738$434-$2,172
Total Functional Expenses$584,041$248,653$0$832,694

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$843,078
Expenses per Audited Statements$832,694
Total Expenses per Form 990$832,694
Expenses Not Reported on Form 990$10,384
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$216,036
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Membership, per the organization's by-laws, shall consist of individuals appointed by duly established members of the corporation from time to time, with the exception of four permanent members of the corporation. The four permanent members may serve without tendering a membership fee and shall consist of (1) chairman of the warren county board of supervisors (2) supervisor of the town of queensbury (3) mayor of the city of glens falls (4) president of suny adirondack. The corporation shall have two classes of members consisting of (a) voting members and (b) non-voting members. Voting members shall be the members of the corporation that have been elected to and are serving on the board of directors. The corporation shall be managed by its board of directors.”

Form 990, Part VI, Section A, Line 7A

“The voting members of the corporation, at their annual meeting, shall appoint directors and advisory directors for positions where a new directorship is created or the term of a director has expired. Board officers serve a term of two years or until a sucessor is elected to be determined at the time of nomination by the governance committee and as voted upon by the current directors at the annual meeting. Directors will serve no more than eight consecutive years. The majority of directors shall be independent.”

Form 990, Part VI, Section A, Line 7B

“Decisions are made by the voting members of the corporation.”

Form 990, Part VI, Section B, Line 11B

“The finance audit & compliance committee reviews the 990 with the president, chairman and treasurer before required signatures are procured. The 990 is also reviewed by the board of directors upon filing.”

Form 990, Part VI, Section B, Line 12C

“Before engaging in renewal and/or new contracts for any professional services, supplies, etc., the board of directors is advised of potential conflict by the president or financial director and recommendations regarding any action to be taken, including abstention from key votes.”

Form 990, Part VI, Section B, Line 15A

“The chair of the board of directors conducts a year-end performance evaluation with the president. The primary items of performance that are taken into consideration are the strategic plan, continued implementation and financial performance. The president's performance is also reviewed and discussed in an executive session by the board of directors and any subsequent actions are then taken.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, policies, and financial statements available on its website and through compliance with nys public authority accountability act.”

Filing and Contact Details

Filer

Filer Name
Economic Development Corporation
EIN
14-1757090
Phone
5187616007
Address
11 SOUTH STREET 201, GLENS FALLS, NY 12801

Signing Officer

Name
James Siplon
Title
President
Phone
5187616007
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Siplon
Formed
1992
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
10
Volunteers
0

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
111 EVERTS AVE PO BOX 4750, QUEENSBURY, NY 12804-4750
Preparer
Heather D Patten CPA
Phone
5187926595
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Edc is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been provided for in these financial statements. In addition, edc qualifies for the charitable contribution deduction under section 170(b)(1)(a)(6) and has been classified as an organization that is not a private foundation under section 509(a). The tax status of tax-exempt entities is an uncertain tax position, since events could potentially occur that jeopardize tax-exempt status. Edc believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on edc's financial condition, results of operations or cash flows. Accordingly, edc has not recorded any liabilities, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2022.”

Raw XML AppendixShowing 400 of 507 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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7PAST-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0434000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0576742
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt017011
IRS990/InformationTechnologyGrp/ProgramServicesAmt021458
IRS990/InformationTechnologyGrp/TotalAmt038469
IRS990/InsuranceGrp/ManagementAndGeneralAmt07528
IRS990/InsuranceGrp/TotalAmt07528
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0417
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0417
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt075921
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0173492
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0167421
IRS990/LandBldgEquipCostOrOtherBssAmt0243342
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DRIVE ECONOMIC OPPORTUNITY, GROWTH AND PROSPERITY IN WARREN COUNTY BY: RESPONDING PROMPTLY, ACCURATELY, AND COMPLETELY TO BUSINESS CHALLENGES, PROVIDING FINANCING AND IMPROVING INFRASTRUCTURE THAT GENERATES PUBLIC BENEFITS, AND LEVERAGING THE TREMENDOUS ADVANTAGES OF DOING BUSINESS TO ENHANCE THE QUALITY OF LIFE FOR ALL RESIDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01140422
IRS990/NetAssetsOrFundBalancesEOYAmt0884470
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01140422
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0884470
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt023662
IRS990/OccupancyGrp/ProgramServicesAmt023662
IRS990/OccupancyGrp/TotalAmt047324
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01096
IRS990/OfficeExpensesGrp/ProgramServicesAmt01097
IRS990/OfficeExpensesGrp/TotalAmt02193
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01807
IRS990/OtherAssetsTotalGrp/EOYAmt0219931
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03904
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015615
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019519
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1EDC EVENTS
IRS990/OtherExpensesGrp/Desc2MOVING EXPENSES
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAXES AND P
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02085
IRS990/OtherExpensesGrp/ProgramServicesAmt012998
IRS990/OtherExpensesGrp/ProgramServicesAmt112229
IRS990/OtherExpensesGrp/ProgramServicesAmt26718
IRS990/OtherExpensesGrp/ProgramServicesAmt36824
IRS990/OtherExpensesGrp/TotalAmt012998
IRS990/OtherExpensesGrp/TotalAmt112229
IRS990/OtherExpensesGrp/TotalAmt28803
IRS990/OtherExpensesGrp/TotalAmt36824
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0216036
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0150
IRS990/OtherRevenueTotalAmt0150
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0120447
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0191539
IRS990/OtherSalariesAndWagesGrp/TotalAmt0311986
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07371
IRS990/PayrollTaxesGrp/ProgramServicesAmt029482
IRS990/PayrollTaxesGrp/TotalAmt036853
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03451
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013804
IRS990/PensionPlanContributionsGrp/TotalAmt017255
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012882
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010811
IRS990/PrincipalOfficerNm0JAMES SIPLON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL MEETING AND OTH
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011425
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011425
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0540000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0460
IRS990/PYOtherExpensesAmt0267557
IRS990/PYOtherRevenueAmt0125
IRS990/PYProgramServiceRevenueAmt0130
IRS990/PYRevenuesLessExpensesAmt0-136925
IRS990/PYSalariesCompEmpBnftPaidAmt0410083
IRS990/PYTotalExpensesAmt0677640
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0540715
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-255952
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt011575
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0548300
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0651927
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2018 AMOUNT: $ 2,168. 2019 AMOUNT: $ 647. 2021 AMOUNT: $ 125. 2022 AMOUNT: $ 150.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0564750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0540000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0514000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0590950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0699170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02908870
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0417
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0460
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0791
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0982
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03660
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt071759
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0150
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0125
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0647
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02168
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03090
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99770
IRS990ScheduleA/PublicSupportPY170Pct00.99630
IRS990ScheduleA/PublicSupportTotal170Amt02908870
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0564750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0540000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0514000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0590950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0699170
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02908870
IRS990ScheduleA/TotalSupportAmt02915620
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/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt010384
IRS990ScheduleD/DonatedServicesUseFcltsAmt010384
IRS990ScheduleD/EquipmentGrp/BookValueAmt036984
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075921
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0112905
IRS990ScheduleD/ExpensesNotReportedAmt010384
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0832694
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0130437
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0130437
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03895
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1216036
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT OF USE ASSETS - OPERATING LEASES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0216036
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt010384
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0576742
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EDC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THESE FINANCIAL STATEMENTS. IN ADDITION, EDC QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(6) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE TAX-EXEMPT STATUS. EDC BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON EDC'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, EDC HAS NOT RECORDED ANY LIABILITIES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0167421
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0219931
IRS990ScheduleD/TotalExpensesPerForm990Amt0832694
IRS990ScheduleD/TotalLiabilityAmt0216036
IRS990ScheduleD/TotalRevenuePerForm990Amt0576742
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0587126
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0843078
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0126829
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt012110
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026585
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00

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