Civic Intelligence

Economic Development Growth Enterprises Corporation

990 • Fiscal year 2013 • EIN 16-0874637

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 13, 2014

584 Phoenix Drive13441

(315) 338-0393

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.13x

Higher debt load relative to assets than 33% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

76th percentile

1.00x

Higher debt load relative to revenue than 76% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Net Margin

16th percentile

-7.4%

Higher net margin than 16% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

35th percentile

$181,559

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Asset Growth

7th percentile

-9.9%

Faster asset growth than 7% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

4th percentile

-48%

Faster revenue growth than 4% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Assets

Down

$32,675,207

Down $3,590,250 (-9.9%) from 2012

Net Assets

Down

$28,410,665

Down $318,125 (-1.1%) from 2012

Liabilities

Down

$4,264,542

Down $3,272,125 (-43%) from 2012

Revenue

Down

$4,284,322

Down $4,034,240 (-48%) from 2012

Expenses

Down

$4,602,447

Down $2,329,615 (-34%) from 2012

Net Income

Down

-$318,125

Down $1,704,625 (-123%) from 2012

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $31,753,234Liabilities 2010: $6,097,955Net Assets 2010: $25,655,2792010Assets 2011: $38,132,750Liabilities 2011: $10,790,460Net Assets 2011: $27,342,2902011Assets 2012: $36,265,457Liabilities 2012: $7,536,667Net Assets 2012: $28,728,7902012Assets 2013: $32,675,207Liabilities 2013: $4,264,542Net Assets 2013: $28,410,6652013Assets 2014: $35,396,213Liabilities 2014: $6,678,826Net Assets 2014: $28,717,3872014Assets 2015: $34,851,352Liabilities 2015: $6,379,955Net Assets 2015: $28,471,3972015Assets 2016: $43,501,720Liabilities 2016: $15,997,067Net Assets 2016: $27,504,6532016Assets 2017: $50,313,638Liabilities 2017: $24,193,053Net Assets 2017: $26,120,5852017Assets 2018: $51,694,001Liabilities 2018: $25,647,600Net Assets 2018: $26,046,4012018Assets 2019: $32,886,744Liabilities 2019: $9,578,854Net Assets 2019: $23,307,8902019Assets 2020: $37,208,501Liabilities 2020: $9,783,413Net Assets 2020: $27,425,0882020Assets 2021: $36,316,583Liabilities 2021: $8,771,572Net Assets 2021: $27,545,0112021Assets 2022: $40,406,038Liabilities 2022: $12,932,322Net Assets 2022: $27,473,7162022Assets 2023: $40,575,052Liabilities 2023: $13,245,375Net Assets 2023: $27,329,6772023Assets 2024: $50,447,197Liabilities 2024: $19,221,421Net Assets 2024: $31,225,7762024

Highlighted filing

2013

Assets$32,675,207
Liabilities$4,264,542
Net Assets$28,410,665

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $3,928,6722010Expenses 2011: $11,879,8452011Revenue 2012: $8,318,562Expenses 2012: $6,932,062Net Income 2012: $1,386,5002012Revenue 2013: $4,284,322Expenses 2013: $4,602,447Net Income 2013: -$318,1252013Revenue 2014: $7,847,678Expenses 2014: $7,540,957Net Income 2014: $306,7212014Revenue 2015: $13,977,056Expenses 2015: $14,223,046Net Income 2015: -$245,9902015Revenue 2016: $35,310,327Expenses 2016: $35,943,898Net Income 2016: -$633,5712016Revenue 2017: $31,453,941Expenses 2017: $32,576,599Net Income 2017: -$1,122,6582017Revenue 2018: $9,926,589Expenses 2018: $9,989,307Net Income 2018: -$62,7182018Revenue 2019: $16,817,671Expenses 2019: $7,554,826Net Income 2019: $9,262,8452019Revenue 2020: $9,405,181Expenses 2020: $5,594,223Net Income 2020: $3,810,9582020Revenue 2021: $3,664,365Expenses 2021: $3,765,758Net Income 2021: -$101,3932021Revenue 2022: $5,942,134Expenses 2022: $5,992,359Net Income 2022: -$50,2252022Revenue 2023: $8,193,120Expenses 2023: $8,325,396Net Income 2023: -$132,2762023Revenue 2024: $10,796,894Expenses 2024: $6,886,017Net Income 2024: $3,910,8772024

Highlighted filing

2013

Revenue$4,284,322
Expenses$4,602,447
Net Income-$318,125
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 13, 2014
Return Version
2013v3.0
Gross Receipts
$4,284,322
Mission and Program Overview

Mission

To improve and expand business, community and employment opportunities in oneida county, n.y., and its environs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$15,610,837$15,611,578▲ $741
Land, Buildings, and Equipment, Net$5,503,505$4,707,425▼ $796,080
Other Notes and Loans Receivable, Net$5,858,744$3,688,220▼ $2,170,524
Savings and Temporary Cash Investments$2,281,441$2,703,199▲ $421,758
Cash and Non-Interest-Bearing Accounts$2,094,629$2,509,684▲ $415,055
Prepaid Expenses and Deferred Charges$2,037,797$1,881,676▼ $156,121
Pledges and Grants Receivable$2,688,732$1,418,856▼ $1,269,876
Accounts Receivable$30,998$8,819▼ $22,179
Total Assets$36,265,457$32,675,207▼ $3,590,250
Other Assets Total$158,774$145,750▼ $13,024
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,832,751$2,848,689▼ $1,984,062
Deferred Revenue$987,929$993,953▲ $6,024
Accounts Payable and Accrued Expenses$1,654,890$353,986▼ $1,300,904
Other Liabilities$61,097$67,914▲ $6,817
Total Liabilities$7,536,667$4,264,542▼ $3,272,125
Net Assets / Fund Balance
Unrestricted Net Assets$28,668,440$28,350,315▼ $318,125
Permanently Rstr Net Assets$60,350$60,350→ $0
Total Net Assets Fund Balance$28,728,790$28,410,665▼ $318,125
Total Liabilities and Net Assets / Fund Balance$36,265,457$32,675,207▼ $3,590,250

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,161,888$1,355,023$4,516,911
Land$1,486,963-$1,486,963
Equipment$58,574$290,892$349,466
Other Securities$80,443--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven DimeoPresidentFT$148,722$32,837$181,559
Mark ReynoldsSecretary/senior Vice PresFT$108,326$28,705$137,031
Shawna PapaleSenior Vice PresidentFT$103,550$28,800$132,350

Highest Paid Contractors

ContractorServicesLocationCompensation
O'brien & Gere EngineersEngineers-$521,709
Saunders Kahler LLPAttorneys-$271,824
National GridManufacturer-$226,869
Hiffa Enterprises INCContractor-$125,050
Shumaker Consulting EngineeringsConsulting-$120,216
Revenue and Support

Revenue Composition

Contributions and Grants
$1,988,713
Program Service Revenue
$597,343
Investment Income
$2,947
Other Revenue
$1,695,319
All Other Contributions
$306,898
Change in Net Assets
$-318,125

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,284,322
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,284,322
Total Revenue per Form 990
$4,284,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,363,771
Salaries, Compensation, and Employee Benefits$1,238,676
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$589,614$353,317-$942,931
Fees for Services Legal$249,658$135,477-$385,135
Other Expenses$305,576$42,914-$305,576
All Other Expenses$126,720$161,169-$287,889
Advertising$150,033$66,395-$216,428
Depreciation Depletion$170,797--$170,797
Other Employee Benefits$86,764$51,992-$138,756
Pension Plan Contributions$55,144$33,044-$88,188
Payroll Taxes$43,021$25,780-$68,801
Interest$52,812--$52,812
Occupancy-$40,165-$40,165
Insurance$13,667$22,958-$36,625
Fees for Services Accounting-$17,832-$17,832
Travel$13,300--$13,300
Fees for Services Other$50$6,073-$6,123
Conferences and Meetings-$3,412-$3,412
Total Functional Expenses$3,641,919$960,528$0$4,602,447

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,602,447
Total Expenses per Audited Statements$4,602,447
Total Expenses per Form 990$4,602,447
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$91,630---
Total Events$91,630---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Compensated Absences$67,914
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

Edge has members that pay dues to support the organization's mission.

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

Membership elects the board of directors of the corporation.

Form 990, Part VI, Section B, Line 11

Before the filing of the form 990, a complete copy thereof is provided to all members of the board of directors for their review and/or comments. The 990 is then approved by the executive committee.

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

Conflicts are documented, kept on file, and reviewed by the executive committee on a yearly basis.

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

The executive committee conducts a yearly review of the president.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

EIN
16-0874637
Phone
3153380393

Signing Officer

Name
Steven Dimeo
Title
President
Phone
3153380393
Signed
2014-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Dimeo
Formed
1963
Legal Domicile
Ny
Voting Board Members
55
Independent Board Members
55
Employees
15
Volunteers
0

Preparer

Preparer
Roy Clark
Phone
3157355216
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporations's federal and state information returns for years prior to 2010 are no longer subject to examination by the respective taxing authorities.

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IRS990/Desc0ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION (EDGE) AND ITS SUBSIDIARIES ARE INVOLVED IN ACTIVITIES DESIGNED TO IMPROVE AND EXPAND THE BUSINESS COMMUNITY AND EMPLOYMENT WITHIN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS AND PROMOTE THE GENERAL ECONOMIC DEVELOPMENT OF THE AREA. A PRIMARY ACTIVITY OF EDGE IS THE ARRANGEMENT OF AND/OR PARTICIPATION IN FINANCING PACKAGES FOR LOCAL BUSINESSES, PRINCIPALLY THROUGH LOCAL BANKS, THE SMALL BUSINESS ADMINISTRATION, AND THE EMPIRE STATE DEVELOPMENT CORPORATION. IN ADDITION, EDGE PREPARES ECONOMIC DEVELOPMENT PLANS, PERFORMS RESEARCH, AND CARRIES OUT A UNIFIED MARKETING PROGRAM FOR THE PURPOSE OF ADVANCING ECONOMIC GROWTH IN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS. A SIGNIFICANT PORTION OF EDGE'S REVENUE IS DERIVED FROM GOVERNMENT GRANTS.
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt300
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt480
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt510
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt530
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt540
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5528705
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5632837
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5728800
IRS990/Form990PartVIISectionAGrp/PersonNm0LARRY GILROY
IRS990/Form990PartVIISectionAGrp/PersonNm1SAL LONGO
IRS990/Form990PartVIISectionAGrp/PersonNm2LAURA CASAMENTO
IRS990/Form990PartVIISectionAGrp/PersonNm3RONALD A CUCCARO
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRIS PAPAYANAKOS
IRS990/Form990PartVIISectionAGrp/PersonNm5ENESSA CARBONE
IRS990/Form990PartVIISectionAGrp/PersonNm6H THOMAS CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm7PETE CARMEN
IRS990/Form990PartVIISectionAGrp/PersonNm8PETER T BAILDON
IRS990/Form990PartVIISectionAGrp/PersonNm9MARIANNE GAIGE
IRS990/Form990PartVIISectionAGrp/PersonNm10PHILLIP G PARAS
IRS990/Form990PartVIISectionAGrp/PersonNm11PATRICK BECHER
IRS990/Form990PartVIISectionAGrp/PersonNm12GREG HARDEN
IRS990/Form990PartVIISectionAGrp/PersonNm13KIRK HINMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14JULIE GROW DENTON
IRS990/Form990PartVIISectionAGrp/PersonNm15HARRISON HUMMEL
IRS990/Form990PartVIISectionAGrp/PersonNm16TODD HUTTON
IRS990/Form990PartVIISectionAGrp/PersonNm17GREGORY EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm18RAYMOND HALBRITTER
IRS990/Form990PartVIISectionAGrp/PersonNm19RANDY VAN WAGONER
IRS990/Form990PartVIISectionAGrp/PersonNm20MICHAEL KALLET
IRS990/Form990PartVIISectionAGrp/PersonNm21MICHAEL J MANUELE
IRS990/Form990PartVIISectionAGrp/PersonNm22M BRIAN O'SHAUGHNESSY
IRS990/Form990PartVIISectionAGrp/PersonNm23LUKE POMILIO
IRS990/Form990PartVIISectionAGrp/PersonNm24ERIC LINDER
IRS990/Form990PartVIISectionAGrp/PersonNm25J DOUGLAS ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm26F EUGENE ROMANO
IRS990/Form990PartVIISectionAGrp/PersonNm27WILLIAM GAETANO
IRS990/Form990PartVIISectionAGrp/PersonNm28BRIAN LOUGHLIN
IRS990/Form990PartVIISectionAGrp/PersonNm29NICHOLAS MATT
IRS990/Form990PartVIISectionAGrp/PersonNm30DR ANN MARIE MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm31STEPHEN WATERS
IRS990/Form990PartVIISectionAGrp/PersonNm32ALICIA DICKS
IRS990/Form990PartVIISectionAGrp/PersonNm33DAVID M MANZELMANN
IRS990/Form990PartVIISectionAGrp/PersonNm34JOHN BUFFA
IRS990/Form990PartVIISectionAGrp/PersonNm35HOWARD METTELMAN
IRS990/Form990PartVIISectionAGrp/PersonNm36TOM NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm37SCOTT MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm38FRANCIS BEHLMER
IRS990/Form990PartVIISectionAGrp/PersonNm39JOHN KENEALY
IRS990/Form990PartVIISectionAGrp/PersonNm40PAUL TOTARO
IRS990/Form990PartVIISectionAGrp/PersonNm41SCOTT PERRA
IRS990/Form990PartVIISectionAGrp/PersonNm42FRED SCHWEIZER
IRS990/Form990PartVIISectionAGrp/PersonNm43RICHARD TANTILLO
IRS990/Form990PartVIISectionAGrp/PersonNm44EVE VAN DE WAL
IRS990/Form990PartVIISectionAGrp/PersonNm45ROBERT GEER
IRS990/Form990PartVIISectionAGrp/PersonNm46THOMAS I ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm47MICHAEL J PARSONS
IRS990/Form990PartVIISectionAGrp/PersonNm48JOHN J LIVINGSTON
IRS990/Form990PartVIISectionAGrp/PersonNm49MARK ANGELUCCI
IRS990/Form990PartVIISectionAGrp/PersonNm50BASIL ARIGLIO
IRS990/Form990PartVIISectionAGrp/PersonNm51RICHARD KETCHUM
IRS990/Form990PartVIISectionAGrp/PersonNm52BRIAN ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm53RONALD J EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm54ALAN R LEIST III
IRS990/Form990PartVIISectionAGrp/PersonNm55MARK REYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm56STEVEN DIMEO
IRS990/Form990PartVIISectionAGrp/PersonNm57SHAWNA PAPALE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$50.4$19.2$31.2$10.8$6.89$3.91
2023Detailed filing. Detailed filing data is available for this year.$40.6$13.2$27.3$8.19$8.33$0.13
2022Detailed filing. Detailed filing data is available for this year.$40.4$12.9$27.5$5.94$5.99$0.05
2021Detailed filing. Detailed filing data is available for this year.$36.3$8.77$27.5$3.66$3.77$0.10
2020Detailed filing. Detailed filing data is available for this year.$37.2$9.78$27.4$9.41$5.59$3.81
2019Detailed filing. Detailed filing data is available for this year.$32.9$9.58$23.3$16.8$7.55$9.26
2018Detailed filing. Detailed filing data is available for this year.$51.7$25.6$26.0$9.93$9.99$0.06
2017Detailed filing. Detailed filing data is available for this year.$50.3$24.2$26.1$31.5$32.6$1.12
2016Detailed filing. Detailed filing data is available for this year.$43.5$16.0$27.5$35.3$35.9$0.63
2015Detailed filing. Detailed filing data is available for this year.$34.9$6.38$28.5$14.0$14.2$0.25
2014Detailed filing. Detailed filing data is available for this year.$35.4$6.68$28.7$7.85$7.54$0.31
2013Detailed filing. Detailed filing data is available for this year.$32.7$4.26$28.4$4.28$4.60$0.32
2012Summary only. Only limited summary data is available for this year.$36.3$7.54$28.7$8.32$6.93$1.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.1$10.8$27.3$11.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.8$6.10$25.7$3.93