Civic Intelligence

Putnam County Economic Development Corporation

990 • Fiscal year 2020 • EIN 16-1513649

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 23, 2021

Organization ProfileWWW.PUTNAMEDC.ORG
40 Gleneida Ave Rm 310Carmel, NY 10512

(845) 808-1021

Siviq Scores

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

Liabilities / Assets

66th percentile

0.05x

Higher debt load relative to assets than 66% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.08x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

87th percentile

34%

Higher net margin than 87% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

91st percentile

$73,955

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 41.0% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

78th percentile

25%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

-2.2%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$279,508

Up $56,764 (+25%) from 2019

Net Assets

Up

$264,868

Up $60,438 (+30%) from 2019

Liabilities

Down

$14,640

Down $3,674 (-20%) from 2019

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin87th percentile

Revenue

Down

$180,403

Down $4,138 (-2.2%) from 2019

Expenses

Up

$119,965

Up $45,226 (+61%) from 2019

Net Income

Down

$60,438

Down $49,364 (-45%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2020

Assets$279,508
Liabilities$14,640
Net Assets$264,868
Open 2020 Filing

Operations Trend

Revenue Growth73rd 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

2020

Revenue$180,403
Expenses$119,965
Net Income$60,438
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 23, 2021
Return Version
2020v4.0
Gross Receipts
$180,403
Mission and Program Overview

Mission

County-based economic development corporation

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$217,990$270,421▲ $52,431
Prepaid Expenses and Deferred Charges$734$6,405▲ $5,671
Land, Buildings, and Equipment, Net$3,339$2,001▼ $1,338
Total Assets$222,744$279,508▲ $56,764
Other Assets Total$681$681→ $0
Liabilities
Accounts Payable and Accrued Expenses$16,439$14,640▼ $1,799
Deferred Revenue$1,875--
Total Liabilities$18,314$14,640▼ $3,674
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$204,430$264,868▲ $60,438
Total Net Assets Fund Balance$204,430$264,868▲ $60,438
Total Liabilities and Net Assets / Fund Balance$222,744$279,508▲ $56,764

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,001$27,732-
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kathleen AbelsPresidentPT$73,955$73,955

Board Members and Trustees

NameTitle
Daniel LearyChairman
Richard WeissChairman
Aziz UthmanDirector
Cathryn FaddeDirector
Joseph RobertoDirector
Marjorie KeithDirector
Robert ZubrychiDirector
Walter RecherDirector
Alana MikhalevskySecretary
Gerald KleinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$180,176
Program Service Revenue
$0
Investment Income
$227
Other Revenue
$0
All Other Contributions
$8,301
Change in Net Assets
$60,438

Audited Revenue Reconciliation

Revenue per Audited Statements
$180,403
Total Revenue per Audited Statements
$180,403
Total Revenue per Form 990
$180,403
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$87,923
Other Expenses$32,042
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$73,955--$73,955
Fees for Services Accounting-$10,876-$10,876
Other Salaries and Wages-$7,363-$7,363
Payroll Taxes$6,007$598-$6,605
Occupancy$3,151$3,150-$6,301
Insurance$1,888$1,614-$3,502
All Other Expenses$1,494$114-$1,608
Depreciation Depletion-$1,338-$1,338
Other Expenses$733--$733
Office Expenses-$534-$534
Conferences and Meetings-$282-$282
Information Technology$265--$265
Total Functional Expenses$94,096$25,869$0$119,965

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$119,965
Total Expenses per Audited Statements$119,965
Total Expenses per Form 990$119,965
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gerald Klein JrBank PresidentOrg Has Cd at Bd MemNo-
Joseph RobertoBank PresidentOrg Maintains AcctsNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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

“Form 990 is provided to the treasurer, who reviews it with the audit committee and board members”

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

“All officers and board members receive related party questionnaires each year”

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

“Committee for executive search and compensation review.”

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

“Committee for executive search and compensation review.”

Form 990, Page 6, Part VI, Line 19

“Policies and financial statements are available on organization website”

Filing and Contact Details

Filer

Filer Name
Putnam County Economic Development
EIN
16-1513649
Phone
8458081021
Address
40 GLENEIDA AVE RM 310, CARMEL, NY 10512

Signing Officer

Name
Kathleen Abels
Title
President
Phone
8458081021
Signed
2021-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Abels
Formed
1997
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
3

Preparer

Firm
Arnell Daponte & Company LLC
Address
98 MILL PLAIN RD W, DANBURY, CT 06811
Preparer
Joseph P Daponte
Phone
2037979681
Raw XML Appendix350 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/BOYAmt016439
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt014640
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0COUNTY-BASED ECONOMIC DEVELOPMENT CORPORATION
IRS990/AllOtherContributionsAmt08301
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0114
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01494
IRS990/AllOtherExpensesGrp/TotalAmt01608
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0KATHLEEN ABELS
IRS990/BooksInCareOfDetail/PhoneNum08458081021
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt040 GLENEIDA
IRS990/BooksInCareOfDetail/USAddress/CityNm0CARMEL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010512
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt073955
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt073955
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0282
IRS990/ConferencesMeetingsGrp/TotalAmt0282
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0180176
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0227
IRS990/CYOtherExpensesAmt032042
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt060438
IRS990/CYSalariesCompEmpBnftPaidAmt087923
IRS990/CYTotalExpensesAmt0119965
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0180403
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt01875
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01338
IRS990/DepreciationDepletionGrp/TotalAmt01338
IRS990/Desc0MAINTAINED AND INCREASED ECONOMIC DEVELOPMENT OF THE BUSINESS COMMUNITY THROUGH WEBSITE INFORMATION, PHONE REFERRALS TO GOVERNMENT AND PRIVATE RESOURCES AVAILABLE TO ASSIST PRESENT AND POTENTIAL LOCAL BUSINESSES. CREATED FREE COUNTY-WIDE COMMERICAL REAL ESTATE DATA BASE LISTING SERVICE ON THE ORGANIZATION'S WEBSITE.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt091279
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010876
IRS990/FeesForServicesAccountingGrp/TotalAmt010876
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt025.00
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/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/PersonNm0KATHLEEN ABELS
IRS990/Form990PartVIISectionAGrp/PersonNm1CATHRYN FADDE
IRS990/Form990PartVIISectionAGrp/PersonNm2MARJORIE KEITH
IRS990/Form990PartVIISectionAGrp/PersonNm3DANIEL LEARY
IRS990/Form990PartVIISectionAGrp/PersonNm4WALTER RECHER
IRS990/Form990PartVIISectionAGrp/PersonNm5JOSEPH ROBERTO
IRS990/Form990PartVIISectionAGrp/PersonNm6AZIZ UTHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7RICHARD WEISS
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT ZUBRYCHI
IRS990/Form990PartVIISectionAGrp/PersonNm9GERALD KLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm10ALANA MIKHALEVSKY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt073955
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/ReportableCompFromOrgAmt100
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0170000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0180403
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0265
IRS990/InformationTechnologyGrp/TotalAmt0265
IRS990/InsuranceGrp/ManagementAndGeneralAmt01614
IRS990/InsuranceGrp/ProgramServicesAmt01888
IRS990/InsuranceGrp/TotalAmt03502
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0227
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0227
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt027732
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03339
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02001
IRS990/LandBldgEquipCostOrOtherBssAmt029733
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt01875
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0COUNTY-BASED ECONOMIC DEVELOPMENT CORPORATION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0204430
IRS990/NetAssetsOrFundBalancesEOYAmt0264868
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0204430
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0264868
IRS990/NoncashContributionsAmt08301
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt03150
IRS990/OccupancyGrp/ProgramServicesAmt03151
IRS990/OccupancyGrp/TotalAmt06301
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0534
IRS990/OfficeExpensesGrp/TotalAmt0534
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0681
IRS990/OtherAssetsTotalGrp/EOYAmt0681
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1MARKETING CAMPAIGN EXPENS
IRS990/OtherExpensesGrp/Desc2MILEAGE REIMBURSEMENTS
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ProgramServicesAmt02880
IRS990/OtherExpensesGrp/ProgramServicesAmt12817
IRS990/OtherExpensesGrp/ProgramServicesAmt2906
IRS990/OtherExpensesGrp/ProgramServicesAmt3733
IRS990/OtherExpensesGrp/TotalAmt02880
IRS990/OtherExpensesGrp/TotalAmt12817
IRS990/OtherExpensesGrp/TotalAmt2906
IRS990/OtherExpensesGrp/TotalAmt3733
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07363
IRS990/OtherSalariesAndWagesGrp/TotalAmt07363
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0598
IRS990/PayrollTaxesGrp/ProgramServicesAmt06007
IRS990/PayrollTaxesGrp/TotalAmt06605
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0734
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06405
IRS990/PrincipalOfficerNm0KATHLEEN ABELS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0MARKETING CAMPAIGN EXPENSES TO PROMOTE BUSINESS DEVELOPMENT IN PUTNAM COUNTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02817
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0184426
IRS990/PYInvestmentIncomeAmt0115
IRS990/PYOtherExpensesAmt033276
IRS990/PYRevenuesLessExpensesAmt0109802
IRS990/PYSalariesCompEmpBnftPaidAmt041463
IRS990/PYTotalExpensesAmt074739
IRS990/PYTotalRevenueAmt0184541
IRS990/ReconcilationRevenueExpnssAmt060438
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0217990
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0270421
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02001
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027732
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt029733
IRS990ScheduleD/ExpensesSubtotalAmt0119965
IRS990ScheduleD/RevenueSubtotalAmt0180403
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02001
IRS990ScheduleD/TotalExpensesPerForm990Amt0119965
IRS990ScheduleD/TotalRevenuePerForm990Amt0180403
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0180403
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0119965
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 CD AT BD MEM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1ORG MAINTAINS ACCTS
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO THE TREASURER, WHO REVIEWS IT WITH THE AUDIT COMMITTEE AND BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS AND BOARD MEMBERS RECEIVE RELATED PARTY QUESTIONNAIRES EACH YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMMITTEE FOR EXECUTIVE SEARCH AND COMPENSATION REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMMITTEE FOR EXECUTIVE SEARCH AND COMPENSATION REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE ON ORGANIZATION WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0222744
IRS990/TotalAssetsEOYAmt0279508
IRS990/TotalAssetsGrp/BOYAmt0222744
IRS990/TotalAssetsGrp/EOYAmt0279508
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0180176
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025869
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt094096
IRS990/TotalFunctionalExpensesGrp/TotalAmt0119965
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018314
IRS990/TotalLiabilitiesEOYAmt014640
IRS990/TotalLiabilitiesGrp/BOYAmt018314
IRS990/TotalLiabilitiesGrp/EOYAmt014640
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0204430
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0264868
IRS990/TotalProgramServiceExpensesAmt094096
IRS990/TotalReportableCompFromOrgAmt073955
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0227
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0180403
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0222744
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0279508
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt040 GLENEIDA
IRS990/USAddress/CityNm0CARMEL
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010512
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.PUTNAMEDC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHLEEN ABELS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08458081021
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PUTNAM COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PUTN
ReturnHeader/Filer/EIN0161513649
ReturnHeader/Filer/PhoneNum08458081021
ReturnHeader/Filer/USAddress/AddressLine1Txt040 GLENEIDA AVE RM 310
ReturnHeader/Filer/USAddress/CityNm0CARMEL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010512
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204052653
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARNELL DAPONTE & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt098 MILL PLAIN RD W
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DANBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006811
ReturnHeader/PreparerPersonGrp/PhoneNum02037979681
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH P DAPONTE
ReturnHeader/ReturnTs02021-07-13T15:37:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATHLEEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ABELS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$279,508
Liabilities
$14,640
Net assets
$264,868
Revenue
$180,403
Expenses
$119,965
Net income
$60,438
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
2020Detailed filing. Detailed filing data is available for this year.$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