Civic Intelligence

Putnam County Economic Development Corporation

990 • Fiscal year 2014 • EIN 16-1513649

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

Organization Profilewww.putnamedc.org
40 Gleneida AveCarmel, NY 10512-1705

(845) 808-1021

Siviq Scores

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

Liabilities / Assets

61st percentile

0.03x

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

61st percentile

0.02x

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

80th percentile

17%

Higher net margin than 80% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

94th percentile

$81,500

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 39.3% of source-year revenue.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

76th percentile

21%

Faster asset growth than 76% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

69th percentile

11%

Faster revenue growth than 69% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$140,086

Up $23,908 (+21%) from 2013

Net Assets

Up

$136,491

Up $35,844 (+36%) from 2013

Liabilities

Down

$3,595

Down $11,936 (-77%) from 2013

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin80th percentile

Revenue

Up

$207,245

Up $20,827 (+11%) from 2013

Expenses

Down

$171,401

Down $24,209 (-12%) from 2013

Net Income

Up

$35,844

Up $45,036 (+490%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$400K$300K$200K$100K$0Assets 2010: $145,548Liabilities 2010: $10,708Net Assets 2010: $134,8402010Assets 2011: $136,860Liabilities 2011: $6,468Net Assets 2011: $130,3922011Assets 2012: $117,649Liabilities 2012: $7,810Net Assets 2012: $109,8392012Assets 2013: $116,178Liabilities 2013: $15,531Net Assets 2013: $100,6472013Assets 2014: $140,086Liabilities 2014: $3,595Net Assets 2014: $136,4912014Assets 2015: $231,502Liabilities 2015: $24,606Net Assets 2015: $206,8962015Assets 2016: $180,212Liabilities 2016: $30,122Net Assets 2016: $150,0902016Assets 2017: $127,343Liabilities 2017: $24,954Net Assets 2017: $102,3892017Assets 2018: $132,181Liabilities 2018: $38,234Net Assets 2018: $93,9472018Assets 2019: $222,744Liabilities 2019: $18,314Net Assets 2019: $204,4302019Assets 2020: $279,508Liabilities 2020: $14,640Net Assets 2020: $264,8682020Assets 2021: $306,641Liabilities 2021: $10,937Net Assets 2021: $295,7042021Assets 2022: $344,894Liabilities 2022: $10,968Net Assets 2022: $333,9262022Assets 2023: $382,153Liabilities 2023: $10,844Net Assets 2023: $371,3092023

Highlighted filing

2014

Assets$140,086
Liabilities$3,595
Net Assets$136,491
Open 2014 Filing

Operations Trend

Revenue Growth69th percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $172,3892010Expenses 2011: $151,0912011Expenses 2012: $154,4872012Revenue 2013: $186,418Expenses 2013: $195,610Net Income 2013: -$9,1922013Revenue 2014: $207,245Expenses 2014: $171,401Net Income 2014: $35,8442014Revenue 2015: $182,347Expenses 2015: $111,942Net Income 2015: $70,4052015Revenue 2016: $114,968Expenses 2016: $171,774Net Income 2016: -$56,8062016Revenue 2017: $120,406Expenses 2017: $168,107Net Income 2017: -$47,7012017Revenue 2018: $199,112Expenses 2018: $207,554Net Income 2018: -$8,4422018Revenue 2019: $184,541Expenses 2019: $74,739Net Income 2019: $109,8022019Revenue 2020: $180,403Expenses 2020: $119,965Net Income 2020: $60,4382020Revenue 2021: $160,414Expenses 2021: $128,897Net Income 2021: $31,5172021Revenue 2022: $169,005Expenses 2022: $130,783Net Income 2022: $38,2222022Revenue 2023: $175,782Expenses 2023: $138,399Net Income 2023: $37,3832023

Highlighted filing

2014

Revenue$207,245
Expenses$171,401
Net Income$35,844
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$207,245
Mission and Program Overview

Mission

County-based economic development corporation

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$103,757$134,008▲ $30,251
Land, Buildings, and Equipment, Net$6,158$4,036▼ $2,122
Pledges and Grants Receivable$3,175--
Prepaid Expenses and Deferred Charges$1,788$1,792▲ $4
Accounts Receivable$1,050--
Cash and Non-Interest-Bearing Accounts$250$250→ $0
Total Assets$116,178$140,086▲ $23,908
Liabilities
Accounts Payable and Accrued Expenses$15,531$3,595▼ $11,936
Total Liabilities$15,531$3,595▼ $11,936
Net Assets / Fund Balance
Unrestricted Net Assets$100,647$136,491▲ $35,844
Total Net Assets Fund Balance$100,647$136,491▲ $35,844
Total Liabilities and Net Assets / Fund Balance$116,178$140,086▲ $23,908

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,036$26,945$30,981
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Meghan TaylorPresidentFT$81,500$81,500

Board Members and Trustees

NameTitle
Thomas LaperchChairman
Angela BrianteDirector
Jeffrey KelloggDirector
Joseph RobertoDirector
Matthew FeehanDirector
Matthew MarroneDirector
Patrick McintyreDirector
Thomas KellyDirector
Marjorie Nichols KeithSecretary
Gerald J KleinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$190,845
Program Service Revenue
$16,290
Investment Income
$110
Other Revenue
$0
All Other Contributions
$25,000
Change in Net Assets
$35,844

Audited Revenue Reconciliation

Revenue per Audited Statements
$207,245
Total Revenue per Audited Statements
$207,245
Total Revenue per Form 990
$207,245
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$101,901
Other Expenses$69,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$81,706--$81,706
All Other Expenses$34,735$1,667-$36,402
Fees for Services Accounting$1,500$12,073-$13,573
Other Salaries and Wages-$12,308-$12,308
Payroll Taxes$6,327$1,560-$7,887
Occupancy$3,151$3,150-$6,301
Travel$4,279--$4,279
Depreciation Depletion-$2,306-$2,306
Conferences and Meetings$2,019$123-$2,142
Insurance$1,512$595-$2,107
Advertising$1,500--$1,500
Office Expenses-$413-$413
Information Technology$250--$250
Interest-$125-$125
Fees for Services Other-$102-$102
Total Functional Expenses$136,979$34,422$0$171,401

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$171,401
Total Expenses per Audited Statements$171,401
Total Expenses per Form 990$171,401
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gerald Klein JrBank PresidentOrg has existing CD at Tompkins Mahopac BankNo-
Joseph RobertoBank PresidentOrg maintains accts at Putnam County Savings BankNo-
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 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
Filing and Contact Details

Filer

Filer Name
Putnam County Economic Development Corporation
EIN
16-1513649
Phone
8458081021
Address
40 Gleneida Ave, Carmel, NY 10512-1705

Signing Officer

Name
Jeffrey Kellogg
Title
Acting Chairperson
Phone
8458081021
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Meghan Taylor
Formed
1997
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
11

Preparer

Firm
Alan Wolfson CPA
Address
401 FARM TO MARKET RD, BREWSTER, NY 10509-6146
Preparer
Alan Wolfson CPA
Phone
8452798135
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is distributed to board members to review.”

Pt VI, Line 12C

“Conflict of interest is reviewed by board members and confirmed via certified audit.”

Pt VI, Line 15A

“Committee for executive search and compensation review.”

Pt VI, Line 15B

“Committee for executive search and compensation review.”

Pt VI, Line 18

“Forms 1023 and 990 are available on organization website.”

Pt VI, Line 19

“Policies and financial statements are available on organization website.”

Form 990EZ, Part I, Line 16

“Program expense:community educational program program expense:consultants:community information program expense:newsletter costs bank service charges cleaning & maintenance dues and subscriptions fees and permits insurance:directors' & officers' liab. Insurance:liability insurance insurance:workers compensation internet service maintenance contracts office expense:sundry operating expenses pager service repairs:computer repairs travel & entertainment:entertainment travel & entertainment:meals al”

Form 990, Part III, Line 4D

“Maintained and increased economic development of the business”

Form 990, Part IX, Line 24F

“Bank service charges 57. 57. General expenses:fees and permits 75. 75. Insurance:commercial business policy 889. 889. Insurance:workers compensation 599. 599. Postage and delivery 47. 47. Program expense:annual networking event expense 4929. 4929. Program expense:co-star real estate service 4401. 4401. Program expense:community promotional expenses 1142. 1142. Program expense:marketing campaign expenses 12048. 12048. Program expense:professional dues and membershi 10000. 10000. Program expense:w”

Raw XML Appendix383 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/BOYAmt015531
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03595
IRS990/AccountsReceivableGrp/BOYAmt01050
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0County-based economic development corporation
IRS990/AdvertisingGrp/ProgramServicesAmt01500
IRS990/AdvertisingGrp/TotalAmt01500
IRS990/AllOtherContributionsAmt025000
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01667
IRS990/AllOtherExpensesGrp/ProgramServicesAmt034735
IRS990/AllOtherExpensesGrp/TotalAmt036402
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0JEFFREY KELLOGG ACTING CHAIR
IRS990/BooksInCareOfDetail/PhoneNum08458081021
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt040 Gleneida Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Carmel
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0105121701
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0250
IRS990/CashNonInterestBearingGrp/EOYAmt0250
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt081706
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt081706
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0123
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02019
IRS990/ConferencesMeetingsGrp/TotalAmt02142
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0190845
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0110
IRS990/CYOtherExpensesAmt069500
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt016290
IRS990/CYRevenuesLessExpensesAmt035844
IRS990/CYSalariesCompEmpBnftPaidAmt0101901
IRS990/CYTotalExpensesAmt0171401
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0207245
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02306
IRS990/DepreciationDepletionGrp/TotalAmt02306
IRS990/Desc0MAINTAINED AND INCREASED ECONOMIC DEVELOPMENT OF THE BUSINESS COMMUNITY OF PUTNAM COUNTY, NY. CREATED FREE COUNTY-WIDE COMMERCIAL REAL ESTATE DATA BASE LISTING SERVICE ON THE ORGANIZATION'S WEBSITE.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012073
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01500
IRS990/FeesForServicesAccountingGrp/TotalAmt013573
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0102
IRS990/FeesForServicesOtherGrp/TotalAmt0102
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt93.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0ANGELA BRIANTE
IRS990/Form990PartVIISectionAGrp/PersonNm1MATTHEW FEEHAN
IRS990/Form990PartVIISectionAGrp/PersonNm2MARJORIE NICHOLS KEITH
IRS990/Form990PartVIISectionAGrp/PersonNm3MATTHEW MARRONE
IRS990/Form990PartVIISectionAGrp/PersonNm4GERALD J KLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm5JEFFREY KELLOGG
IRS990/Form990PartVIISectionAGrp/PersonNm6PATRICK MCINTYRE
IRS990/Form990PartVIISectionAGrp/PersonNm7ANGELA BRIANTE
IRS990/Form990PartVIISectionAGrp/PersonNm8THOMAS KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm9THOMAS LAPERCH
IRS990/Form990PartVIISectionAGrp/PersonNm10MEGHAN TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm11JOSEPH ROBERTO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1081500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt10President
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0165845
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0207245
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0250
IRS990/InformationTechnologyGrp/TotalAmt0250
IRS990/InsuranceGrp/ManagementAndGeneralAmt0595
IRS990/InsuranceGrp/ProgramServicesAmt01512
IRS990/InsuranceGrp/TotalAmt02107
IRS990/InterestGrp/ManagementAndGeneralAmt0125
IRS990/InterestGrp/TotalAmt0125
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0110
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt026945
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06158
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04036
IRS990/LandBldgEquipCostOrOtherBssAmt030981
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0County-based economic development corporation
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0100647
IRS990/NetAssetsOrFundBalancesEOYAmt0136491
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0true
IRS990/OccupancyGrp/ManagementAndGeneralAmt03150
IRS990/OccupancyGrp/ProgramServicesAmt03151
IRS990/OccupancyGrp/TotalAmt06301
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0413
IRS990/OfficeExpensesGrp/TotalAmt0413
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012308
IRS990/OtherSalariesAndWagesGrp/TotalAmt012308
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01560
IRS990/PayrollTaxesGrp/ProgramServicesAmt06327
IRS990/PayrollTaxesGrp/TotalAmt07887
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03175
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01788
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01792
IRS990/PrincipalOfficerNm0MEGHAN TAYLOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTED LOCAL BUSINESSES THROUGH MAJOR AREA NETWORKING EVENT, BRINING TOGETHER MANY LOCAL BUSINESSES AND THOSE CONSIDERING RELOCATION TO THE AREA.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Maintained and increased economic development of the business community through website information, phone referrals community through website information, phone referrals community through website information, phone referrals
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0140114
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02500
IRS990/PYInvestmentIncomeAmt0251
IRS990/PYOtherExpensesAmt0120348
IRS990/PYProgramServiceRevenueAmt046053
IRS990/PYRevenuesLessExpensesAmt0-9192
IRS990/PYSalariesCompEmpBnftPaidAmt072762
IRS990/PYTotalExpensesAmt0195610
IRS990/PYTotalRevenueAmt0186418
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt035844
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0103757
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0134008
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt04036
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026945
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt030981
IRS990ScheduleD/ExpensesSubtotalAmt0171401
IRS990ScheduleD/RevenueSubtotalAmt0207245
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04036
IRS990ScheduleD/TotalExpensesPerForm990Amt0171401
IRS990ScheduleD/TotalRevenuePerForm990Amt0207245
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0207245
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0171401
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0GERALD KLEIN JR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JOSEPH ROBERTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Bank President
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Bank President
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Org has existing CD at Tompkins Mahopac Bank
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Org maintains accts at Putnam County Savings Bank
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is distributed to board members to review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest is reviewed by board members and confirmed via certified audit.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Committee for executive search and compensation review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Committee for executive search and compensation review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Forms 1023 and 990 are available on organization website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Policies and financial statements are available on organization website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROGRAM EXPENSE:COMMUNITY EDUCATIONAL PROGRAM PROGRAM EXPENSE:CONSULTANTS:COMMUNITY INFORMATION PROGRAM EXPENSE:NEWSLETTER COSTS BANK SERVICE CHARGES CLEANING & MAINTENANCE DUES AND SUBSCRIPTIONS FEES AND PERMITS INSURANCE:DIRECTORS' & OFFICERS' LIAB. INSURANCE:LIABILITY INSURANCE INSURANCE:WORKERS COMPENSATION INTERNET SERVICE MAINTENANCE CONTRACTS OFFICE EXPENSE:SUNDRY OPERATING EXPENSES PAGER SERVICE REPAIRS:COMPUTER REPAIRS TRAVEL & ENTERTAINMENT:ENTERTAINMENT TRAVEL & ENTERTAINMENT:MEALS AL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MAINTAINED AND INCREASED ECONOMIC DEVELOPMENT OF THE BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BANK SERVICE CHARGES 57. 57. GENERAL EXPENSES:FEES AND PERMITS 75. 75. INSURANCE:COMMERCIAL BUSINESS POLICY 889. 889. INSURANCE:WORKERS COMPENSATION 599. 599. POSTAGE AND DELIVERY 47. 47. PROGRAM EXPENSE:ANNUAL NETWORKING EVENT EXPENSE 4929. 4929. PROGRAM EXPENSE:CO-STAR REAL ESTATE SERVICE 4401. 4401. PROGRAM EXPENSE:COMMUNITY PROMOTIONAL EXPENSES 1142. 1142. PROGRAM EXPENSE:MARKETING CAMPAIGN EXPENSES 12048. 12048. PROGRAM EXPENSE:PROFESSIONAL DUES AND MEMBERSHI 10000. 10000. PROGRAM EXPENSE:W
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0116178
IRS990/TotalAssetsEOYAmt0140086
IRS990/TotalAssetsGrp/BOYAmt0116178
IRS990/TotalAssetsGrp/EOYAmt0140086
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0190845
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034422
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0136979
IRS990/TotalFunctionalExpensesGrp/TotalAmt0171401
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015531
IRS990/TotalLiabilitiesEOYAmt03595
IRS990/TotalLiabilitiesGrp/BOYAmt015531
IRS990/TotalLiabilitiesGrp/EOYAmt03595
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0100647
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0136491
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt016290
IRS990/TotalProgramServiceRevenueAmt016290
IRS990/TotalReportableCompFromOrgAmt081500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016400
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0207245
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0116178
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0140086
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt04279
IRS990/TravelGrp/TotalAmt04279
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0100647
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0136491
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt040 Gleneida Ave
IRS990/USAddress/CityNm0Carmel
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010512
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.putnamedc.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY KELLOGG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ACTING CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum08458081021
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Putnam County Economic Development Corporation
ReturnHeader/Filer/BusinessNameControlTxt0PUTN
ReturnHeader/Filer/EIN0161513649
ReturnHeader/Filer/PhoneNum08458081021
ReturnHeader/Filer/USAddress/AddressLine1Txt040 Gleneida Ave
ReturnHeader/Filer/USAddress/CityNm0Carmel
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0105121705
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALAN WOLFSON CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 FARM TO MARKET RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BREWSTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0105096146
ReturnHeader/PreparerPersonGrp/PhoneNum08452798135
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN WOLFSON CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-05-15T21:02:20-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$140,086
Liabilities
$3,595
Net assets
$136,491
Revenue
$207,245
Expenses
$171,401
Net income
$35,844
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$3.82$0.11$3.71$1.76$1.38$0.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.45$0.11$3.34$1.69$1.31$0.38
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.11$2.96$1.60$1.29$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.80$0.15$2.65$1.80$1.20$0.60
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.18$2.04$1.85$0.75$1.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.38$0.94$1.99$2.08$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.25$1.02$1.20$1.68$0.48
2016Summary only. Only limited summary data is available for this year.$1.80$0.30$1.50$1.15$1.72$0.57
2015Summary only. Only limited summary data is available for this year.$2.32$0.25$2.07$1.82$1.12$0.70
2014Detailed filing. Detailed filing data is available for this year.$1.40$0.04$1.36$2.07$1.71$0.36
2013Detailed filing. Detailed filing data is available for this year.$1.16$0.16$1.01$1.86$1.96$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.08$1.10$1.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.06$1.30$1.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.11$1.35$1.72