Civic Intelligence

Franklin County Local Development Corporation

990 • Fiscal year 2019 • EIN 14-1763507

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 02, 2020

Organization ProfileWWW.FRANKLINIDA.ORG
355 West Main Street Suite 428Malone, NY 12953

(518) 483-9472

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

45th percentile

0.13x

Higher debt load relative to revenue than 45% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Asset Growth

35th percentile

-0.8%

Faster asset growth than 35% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

151%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$3,526,750

Down $28,309 (-0.8%) from 2018

Net Assets

Up

$3,457,907

Up $99,514 (+3.0%) from 2018

Liabilities

Down

$68,843

Down $127,823 (-65%) from 2018

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin73rd percentile

Revenue

Up

$520,566

Up $312,957 (+151%) from 2018

Expenses

Up

$421,052

Up $382,018 (+979%) from 2018

Net Income

Down

$99,514

Down $69,061 (-41%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$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

2019

Assets$3,526,750
Liabilities$68,843
Net Assets$3,457,907
Open 2019 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$520,566
Expenses$421,052
Net Income$99,514
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 2, 2020
Return Version
2019v5.0
Gross Receipts
$520,566
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,745,720$2,502,485▼ $243,235
Other Notes and Loans Receivable, Net$751,529$757,036▲ $5,507
Pledges and Grants Receivable-$193,672-
Cash and Non-Interest-Bearing Accounts$44,061$43,369▼ $692
Accounts Receivable$9,417$16,266▲ $6,849
Prepaid Expenses and Deferred Charges$2,458$7,238▲ $4,780
Land, Buildings, and Equipment, Net$1,874$6,684▲ $4,810
Total Assets$3,555,059$3,526,750▼ $28,309
Liabilities
Deferred Revenue$196,624$56,904▼ $139,720
Accounts Payable and Accrued Expenses$42$11,939▲ $11,897
Total Liabilities$196,666$68,843▼ $127,823
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,701,221$2,526,387▼ $174,834
Net Assets Without Donor Restrictions$657,172$931,520▲ $274,348
Total Net Assets Fund Balance$3,358,393$3,457,907▲ $99,514
Total Liabilities and Net Assets / Fund Balance$3,555,059$3,526,750▼ $28,309

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,684$24,327$31,011
Compensation and Service Providers
Top Officer Pay32nd percentile

Board Members and Trustees

NameTitle
Justus MartinChairman
James EllisVice Chairma
Jeremy EvansCEO
Andrea DumasMember
Sherry BoyeaMember
Stephen ErmanMember
David YandoSecretary
Rodrique LauzonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$194,822
Program Service Revenue
$284,721
Investment Income
$41,023
Other Revenue
$0
All Other Contributions
$500
Change in Net Assets
$99,514

Audited Revenue Reconciliation

Revenue per Audited Statements
$520,566
Total Revenue per Audited Statements
$520,566
Total Revenue per Form 990
$520,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$200,000
Salaries, Compensation, and Employee Benefits$148,422
Other Expenses$72,630
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$200,000--$200,000
Other Salaries and Wages$108,211$12,023-$120,234
Other Employee Benefits$25,373$2,815-$28,188
Fees for Services Legal$5,520$5,520-$11,040
Occupancy$4,050$4,050-$8,100
Conferences and Meetings$7,323--$7,323
Office Expenses$6,446--$6,446
Fees for Services Accounting$2,996$2,996-$5,992
Advertising$3,621--$3,621
Depreciation Depletion$1,132$1,132-$2,264
Insurance$471$471-$942
Other Expenses$148$148-$296
All Other Expenses$58--$58
Total Functional Expenses$391,692$29,360$0$421,052

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$421,052
Total Expenses per Audited Statements$421,052
Total Expenses per Form 990$421,052
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carpe InsectaeSaranac Lake, NY-Microenterprisegrant$35,000
Early Dawn ConfectionsSaranac Lake, NY-Microenterprisegrant$35,000
Spruce & HemlockTupper Lake, NY-Microenterprisegrant$35,000
County of Franklin IndustrialMalone, NYGovSubsidy$30,000
Adk ResearchSaranac Lake, NY-Microenterprisegrant$25,000
BIG D'S HOUSE LLCMoira, NY-Microenterprisegrant$16,021
The Swiss KitchenTupper Lake, NY-Microenterprisegrant$13,830
The Row BoutiqueTupper Lake, NY-Microenterprisegrant$10,149
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 Local Development
EIN
14-1763507
Phone
5184839472
Address
355 WEST MAIN STREET SUITE 428, MALONE, NY 12953

Signing Officer

Name
Jeremy Evans
Title
CEO
Phone
5184839472
Signed
2020-11-02

Organization Details

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

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 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.”

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 2016 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 local 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 local 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.”

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07238
IRS990/PrincipalOfficerNm0JEREMY EVANS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/Desc1CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0139070
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt193105
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt252546
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0139070
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt193105
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt252546
IRS990/ProgSrvcAccomActy2Grp/Desc0GRANTS TO OTHERS (IDA)
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0200000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0200000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01814
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt025000
IRS990/PYInvestmentIncomeAmt013865
IRS990/PYOtherExpensesAmt014034
IRS990/PYProgramServiceRevenueAmt0191930
IRS990/PYRevenuesLessExpensesAmt0168575
IRS990/PYTotalExpensesAmt039034
IRS990/PYTotalRevenueAmt0207609
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt099514
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0284721
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02745720
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02502485
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0194822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01814
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02845
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02271
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01272
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0203024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt041023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013865
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02821
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0230
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0410
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt058349
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0627060
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77680
IRS990ScheduleA/PublicSupportPY170Pct00.78450
IRS990ScheduleA/PublicSupportTotal170Amt0203024
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0194822
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01814
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02845
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02271
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01272
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0203024
IRS990ScheduleA/TotalSupportAmt0261373
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/BookValueAmt06684
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024327
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031011
IRS990ScheduleD/ExpensesSubtotalAmt0421052
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0520566
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 2016 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 LOCAL 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 LOCAL 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
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06684
IRS990ScheduleD/TotalExpensesPerForm990Amt0421052
IRS990ScheduleD/TotalRevenuePerForm990Amt0520566
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0520566
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0421052
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt030000
IRS990ScheduleI/RecipientTable/CashGrantAmt135000
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
IRS990ScheduleI/RecipientTable/CashGrantAmt335000
IRS990ScheduleI/RecipientTable/CashGrantAmt410149
IRS990ScheduleI/RecipientTable/CashGrantAmt513830
IRS990ScheduleI/RecipientTable/CashGrantAmt635000
IRS990ScheduleI/RecipientTable/CashGrantAmt716021
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUBSIDY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1MICROENTERPRISEGRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2MICROENTERPRISEGRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3MICROENTERPRISEGRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4MICROENTERPRISEGRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5MICROENTERPRISEGRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6MICROENTERPRISEGRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7MICROENTERPRISEGRANT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COUNTY OF FRANKLIN INDUSTRIAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CARPE INSECTAE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ADK RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3SPRUCE & HEMLOCK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4THE ROW BOUTIQUE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5THE SWISS KITCHEN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6EARLY DAWN CONFECTIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7BIG D'S HOUSE LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0DEVELOPMENT AGENCY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt1DBA GREEN GOAT MAPS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0355 WEST MAIN STREET SUITE 428
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 401
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt273 CHURCH STREET SUITE 2
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3111 PARK STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt488 TAMARAC DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt592 PARK ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt61527 STATE ROUTE 86
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt72348 COUNTY ROUTE 5
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MALONE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SARANAC LAKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2SARANAC LAKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3TUPPER LAKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm4TUPPER LAKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm5TUPPER LAKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm6SARANAC LAKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm7MOIRA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd012953
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd112983
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd212983
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd312986
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd412986
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd512986
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd612983
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd712957
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,526,750
Liabilities
$68,843
Net assets
$3,457,907
Revenue
$520,566
Expenses
$421,052
Net income
$99,514
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
2019Detailed filing. Detailed filing data is available for this year.$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