Civic Intelligence

Franklin County Economic Development Corporation

EIN 14-1763507 • 501(c)3 • Malone, NY

Profile

To provide economic assistance to area buisness.

360 W Main StMalone, NY 12953

www.adirondackfrontier.com

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.03x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.11x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

18th percentile

-7.2%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

8.3%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$2,365,932

Down $184,231 (-7.2%) from 2023

Liabilities

Down

$79,808

Down $41,254 (-34%) from 2023

Net Assets

Down

$2,286,124

Down $142,977 (-5.9%) from 2023

Operations
Liabilities / Revenue56th percentileNet Margin15th percentile

Revenue

Up

$711,325

Up $54,367 (+8.3%) from 2023

Expenses

Up

$854,302

Up $82,942 (+11%) from 2023

Net Income

Down

-$142,977

Down $28,575 (-25%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,506,144Liabilities 2011: $850,947Net Assets 2011: $2,655,1972011Assets 2012: $3,731,938Liabilities 2012: $845,405Net Assets 2012: $2,886,5332012Assets 2013: $3,917,284Liabilities 2013: $740,108Net Assets 2013: $3,177,1762013Assets 2014: $3,612,717Liabilities 2014: $640,060Net Assets 2014: $2,972,6572014Assets 2015: $3,730,478Liabilities 2015: $558,561Net Assets 2015: $3,171,9172015Assets 2016: $3,478,341Liabilities 2016: $435,772Net Assets 2016: $3,042,5692016Assets 2017: $3,520,257Liabilities 2017: $330,439Net Assets 2017: $3,189,8182017Assets 2018: $3,555,059Liabilities 2018: $196,666Net Assets 2018: $3,358,3932018Assets 2019: $3,526,750Liabilities 2019: $68,843Net Assets 2019: $3,457,9072019Assets 2020: $3,548,800Liabilities 2020: $46,299Net Assets 2020: $3,502,5012020Assets 2021: $3,825,928Liabilities 2021: $845,725Net Assets 2021: $2,980,2032021Assets 2022: $2,712,658Liabilities 2022: $169,155Net Assets 2022: $2,543,5032022Assets 2023: $2,550,163Liabilities 2023: $121,062Net Assets 2023: $2,429,1012023Assets 2024: $2,365,932Liabilities 2024: $79,808Net Assets 2024: $2,286,1242024

Highlighted filing

2024

Assets$2,365,932
Liabilities$79,808
Net Assets$2,286,124
Open 2024 Filing

Operations Trend

Revenue Growth52nd percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2011: $19,7592011Expenses 2012: $12,9692012Revenue 2013: $300,023Expenses 2013: $9,380Net Income 2013: $290,6432013Revenue 2014: $171,172Expenses 2014: $373,916Net Income 2014: -$202,7442014Revenue 2015: $216,789Expenses 2015: $17,530Net Income 2015: $199,2592015Revenue 2016: $194,748Expenses 2016: $324,096Net Income 2016: -$129,3482016Revenue 2017: $156,075Expenses 2017: $8,826Net Income 2017: $147,2492017Revenue 2018: $207,609Expenses 2018: $39,034Net Income 2018: $168,5752018Revenue 2019: $520,566Expenses 2019: $421,052Net Income 2019: $99,5142019Revenue 2020: $732,965Expenses 2020: $688,371Net Income 2020: $44,5942020Revenue 2021: $376,410Expenses 2021: $898,708Net Income 2021: -$522,2982021Revenue 2022: $888,839Expenses 2022: $1,321,109Net Income 2022: -$432,2702022Revenue 2023: $656,958Expenses 2023: $771,360Net Income 2023: -$114,4022023Revenue 2024: $711,325Expenses 2024: $854,302Net Income 2024: -$142,9772024

Highlighted filing

2024

Revenue$711,325
Expenses$854,302
Net Income-$142,977
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,365,932
Liabilities
$79,808
Net assets
$2,286,124
Revenue
$711,325
Expenses
$854,302
Net income
-$142,977
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.08$2.29$0.71$0.85$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.12$2.43$0.66$0.77$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.71$0.17$2.54$0.89$1.32$0.43
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$0.85$2.98$0.38$0.90$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$0.05$3.50$0.73$0.69$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.07$3.46$0.52$0.42$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$0.20$3.36$0.21$0.04$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.52$0.33$3.19$0.16$0.01$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.44$3.04$0.19$0.32$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.73$0.56$3.17$0.22$0.02$0.20
2014Detailed filing. Detailed filing data is available for this year.$3.61$0.64$2.97$0.17$0.37$0.20
2013Detailed filing. Detailed filing data is available for this year.$3.92$0.74$3.18$0.30$0.01$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.73$0.85$2.89$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$0.85$2.66$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 20, 2025
Return Version
2024v5.0
Gross Receipts
$711,325
Mission and Program Overview

Mission

The ldc is committed to serving new and existing businesses and industries, and to assist with the creation and retention of quality jobs through direct and collaborative funding of projects for the economic well being of franklin county.

The edc is committed to serving new and existing businesses and industries, and to assist with the creation and retention of quality jobs through direct and collaborative funding of projects for the economic well being of franklin county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,124,513$1,113,223▼ $11,290
Cash and Non-Interest-Bearing Accounts$1,220,343$1,057,013▼ $163,330
Pledges and Grants Receivable$179,480$179,908▲ $428
Land, Buildings, and Equipment, Net$21,262$10,008▼ $11,254
Prepaid Expenses and Deferred Charges$4,565$5,780▲ $1,215
Total Assets$2,550,163$2,365,932▼ $184,231
Liabilities
Accounts Payable and Accrued Expenses$89,929$79,808▼ $10,121
Deferred Revenue$20,000--
Other Liabilities$11,133--
Total Liabilities$121,062$79,808▼ $41,254
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,429,101$2,286,124▼ $142,977
Total Net Assets Fund Balance$2,429,101$2,286,124▼ $142,977
Total Liabilities and Net Assets / Fund Balance$2,550,163$2,365,932▼ $184,231

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,008$56,778$66,786
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
James EllisChairman
Sherry BoyeaVice Chair
Melissa MillsAssistant Se
Jeremy EvansCEO
Clyde RabideauMember
Nate MonetteMember
Nick RussellSecretary
Archie MckeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$515,608
Program Service Revenue
$145,332
Investment Income
$50,385
Other Revenue
$0
All Other Contributions
$22,710
Change in Net Assets
$-142,977

Audited Revenue Reconciliation

Revenue per Audited Statements
$711,325
Total Revenue per Audited Statements
$711,325
Total Revenue per Form 990
$711,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$500,800
Other Expenses$210,924
Salaries, Compensation, and Employee Benefits$142,578
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$401,177--$401,177
Other Salaries and Wages$104,617$11,624-$116,241
Grants to Domestic Individuals$99,623--$99,623
Other Employee Benefits$23,734$2,603-$26,337
Advertising$14,660--$14,660
Depreciation Depletion$5,628$5,629-$11,257
Occupancy$3,475$3,475-$6,950
Fees for Services Accounting$3,414$3,414-$6,828
Fees for Services Legal$2,187$2,187-$4,374
Conferences and Meetings$4,256--$4,256
Other Expenses$1,318$1,318-$2,636
Insurance$1,267$1,267-$2,534
Office Expenses$1,851$498-$2,349
All Other Expenses$84$84-$168
Interest-$67-$67
Total Functional Expenses$822,136$32,166$0$854,302

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$854,302
Total Expenses per Audited Statements$854,302
Total Expenses per Form 990$854,302
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Codie SecoreMalone, NY-Nyms$204,772
Cahal CarmodySaranac Lake, NY-Dri Sl$60,209
Village of MaloneMalone, NY-Nyms$58,500
County of Franklin IndustrialMalone, NYGovSubsidy$50,040
Silver Birch CyclesSaranac Lake, NY-Revitalization$8,500
St Regis Canoe OutfittersSaranac Lake, NY-Revitalization$8,000
Swamps Home Inspection LLCHogansburg, NY-Flood Repair$5,806
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

“Board reviews a draft copy of the 990 before submission”

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

“Directors are required to sign a conflict of interest policy and disclose conflicts.”

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

“Compensation is reviewed and approved by the governing board.”

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

“Compensation for employees is determined and approved by the governing board.”

Form 990, Page 6, Part VI, Line 19

“X”

Filing and Contact Details

Filer

Filer Name
Franklin County Economic
EIN
14-1763507
Phone
5184839472
Address
360 W MAIN ST, MALONE, NY 12953

Signing Officer

Name
Jeremy Evans
Title
CEO
Phone
5184839472
Signed
2025-10-20

Organization Details

Principal Officer
Jeremy Evans
Formed
1995
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
8

Preparer

Firm
Crowley & Halloran Cpas Pc
Address
215 WASHINGTON ST STE 100, WATERTOWN, NY 13601-3343
Preparer
Pamela J Halloran
Phone
3157883140
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The edc is committed to serving new and existing businesses and industries, and to assist with the creation and retention of quality jobs through direct and collaborative funding of projects for the economic well being of franklin county.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Fasb asc 740, "income taxes," requires entities to disclose in their financial statements the nature of any uncertainties in their tax position. Tax years including 2021 and later are subject to examination by tax authorities. Areas that irs and state tax authorities consider when examining tax returns of a charity include, but may not be limited to, tax-exempt status and the existence and amount of unrelated business income. Franklin county economic development corporation does not believe that it has any uncertain tax positions with respect to these or other matters and has not recorded any unrecognized tax benefits or liability for penalties or interest. Franklin county economic development corporation is not aware of any circumstances or events that make it reasonably possible that tax benefits may increase or decrease within 12 months of the date of these financial statements.”

Raw XML AppendixShowing 400 of 464 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740, "INCOME TAXES," REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTIES IN THEIR TAX POSITION. TAX YEARS INCLUDING 2021 AND LATER ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES. AREAS THAT IRS AND STATE TAX AUTHORITIES CONSIDER WHEN EXAMINING TAX RETURNS OF A CHARITY INCLUDE, BUT MAY NOT BE LIMITED TO, TAX-EXEMPT STATUS AND THE EXISTENCE AND AMOUNT OF UNRELATED BUSINESS INCOME. FRANKLIN COUNTY ECONOMIC DEVELOPMENT CORPORATION DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS WITH RESPECT TO THESE OR OTHER MATTERS AND HAS NOT RECORDED ANY UNRECOGNIZED TAX BENEFITS OR LIABILITY FOR PENALTIES OR INTEREST. FRANKLIN COUNTY ECONOMIC DEVELOPMENT CORPORATION IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE DATE OF THESE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5REVITALIZATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6FLOOD REPAIR
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COUNTY OF FRANKLIN INDUSTRIAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CAHAL CARMODY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CODIE SECORE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3VILLAGE OF MALONE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4SILVER BIRCH CYCLES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5ST REGIS CANOE OUTFITTERS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6SWAMPS HOME INSPECTION LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0DEVELOPMENT AGENCY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0355 WEST MAIN STREET SUITE 428
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1126-130 BROADWAY
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt641 TARBELL RD
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EDC IS COMMITTED TO SERVING NEW AND EXISTING BUSINESSES AND INDUSTRIES, AND TO ASSIST WITH THE CREATION AND RETENTION OF QUALITY JOBS THROUGH DIRECT AND COLLABORATIVE FUNDING OF PROJECTS FOR THE ECONOMIC WELL BEING OF FRANKLIN COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS A DRAFT COPY OF THE 990 BEFORE SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS REVIEWED AND APPROVED BY THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR EMPLOYEES IS DETERMINED AND APPROVED BY THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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
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