Civic Intelligence

Putnam County Economic Development Corporation

990 • Fiscal year 2023 • EIN 16-1513649

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 26, 2024

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

62nd percentile

0.03x

Higher debt load relative to assets than 62% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.06x

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

83rd percentile

21%

Higher net margin than 83% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

95th percentile

$92,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 52.3% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

4.0%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Flat

$382,153

Flat from 2023

Net Assets

Flat

$371,309

Flat from 2023

Liabilities

Flat

$10,844

Flat from 2023

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin83rd percentile

Revenue

Flat

$175,782

Flat from 2023

Expenses

Flat

$138,399

Flat from 2023

Net Income

Flat

$37,383

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth69th 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: $371,3092023Assets 2023: $382,153Liabilities 2023: $10,844Net Assets 2023: $371,3092023

Highlighted filing

2023

Assets$382,153
Liabilities$10,844
Net Assets$371,309
Open 2023 Filing

Operations Trend

Revenue Growth47th 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: $37,3832023Revenue 2023: $175,782Expenses 2023: $138,399Net Income 2023: $37,3832023

Highlighted filing

2023

Revenue$175,782
Expenses$138,399
Net Income$37,383
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 26, 2024
Return Version
2023v5.0
Gross Receipts
$181,552
Mission and Program Overview

Mission

County-based economic development corporation

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$343,814$380,653▲ $36,839
Accounts Receivable-$1,500-
Prepaid Expenses and Deferred Charges$1,080--
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$344,894$382,153▲ $37,259
Liabilities
Accounts Payable and Accrued Expenses$10,968$10,844▼ $124
Total Liabilities$10,968$10,844▼ $124
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$333,926$371,309▲ $37,383
Total Net Assets Fund Balance$333,926$371,309▲ $37,383
Total Liabilities and Net Assets / Fund Balance$344,894$382,153▲ $37,259

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$29,733$29,733
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kathleen D AbelsPresidentPT$92,000$92,000

Board Members and Trustees

NameTitle
Alana D MikhalevskyChairman
John KrausVice Chairman
Christopher RyderDirector
Don MinichinoDirector
Dr Mark HirkoDirector
Dylan MiyoshiDirector
Kimball GellDirector
Majorie KeithDirector
Robert ZubryckiDirector
Richard Weiss CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,750
Program Service Revenue
$0
Investment Income
$222
Other Revenue
$7,810
Change in Net Assets
$37,383

Audited Revenue Reconciliation

Revenue per Audited Statements
$175,782
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$13,070
Total Revenue per Audited Statements
$188,852
Total Revenue per Form 990
$175,782
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$106,929
Other Expenses$31,470
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$82,800$9,200-$92,000
Fees for Services Accounting-$11,000-$11,000
Payroll Taxes$7,140$793-$7,933
Other Salaries and Wages$6,296$700-$6,996
Information Technology$4,852--$4,852
Insurance$2,312$2,051-$4,363
Office Expenses-$3,044-$3,044
Conferences and Meetings-$896-$896
Travel$659--$659
Other Expenses$506--$506
Advertising$500--$500
Total Functional Expenses$110,715$27,684$0$138,399

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$151,469
Expenses per Audited Statements$138,399
Total Expenses per Form 990$138,399
Expenses Not Reported on Form 990$13,070
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,580
Fundraising Direct Expenses$5,770
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Event$13,580$13,580$3,736$9,844
Total Events$13,580$13,580$5,770$7,810
Political and Lobbying Activity
Political campaign 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
No
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, Part VI, Section B, Line 11B

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

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

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

Form 990, Part VI, Section B, Line 15

“Committee for executive search and compensation review.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation: policies and finacial statements are available on the organization's 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 D Abels
Title
President
Phone
8458081021
Signed
2024-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen D Abels
Formed
1997
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation is a not-for-profit corporation exempt from federal income tax under section 501(c)(6) of the internal revenue code and classified by the internal revenue service other than a private foundation. It is also exempt from new york state corporation franchise tax in accordance with the provision of regulation section 1-34(b)(6) as a new york state not-for-profit corporation. The corporation files federal form 990, return of organization exempt from income tax, and an annual report, new york state char 500, with the new york state attorney generals office, bureau of charities. U.s. Forms 990 filed by the corporation are subject to examination by taxing authorities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses net/event revenue 5,770.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses net/event revenue 5,770.”

Raw XML AppendixShowing 400 of 402 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010968
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010844
IRS990/AccountsReceivableGrp/EOYAmt01500
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0COUNTY-BASED ECONOMIC DEVELOPMENT CORPORATION
IRS990/AdvertisingGrp/ProgramServicesAmt0500
IRS990/AdvertisingGrp/TotalAmt0500
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KATHLEEN ABELS
IRS990/BooksInCareOfDetail/PhoneNum08458081021
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt040 GLENEIDA
IRS990/BooksInCareOfDetail/USAddress/CityNm0CARMEL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010512
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt09200
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt082800
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt092000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0896
IRS990/ConferencesMeetingsGrp/TotalAmt0896
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0167750
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0222
IRS990/CYOtherExpensesAmt031470
IRS990/CYOtherRevenueAmt07810
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt037383
IRS990/CYSalariesCompEmpBnftPaidAmt0106929
IRS990/CYTotalExpensesAmt0138399
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0175782
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0MAINTAINED AND INCREASED ECONOMIC DEVELOPMENT OF THE BUSINESS COMMUNITY THROUGH WEBSITE INFORMATION, PHONE REFERRALS TO GOVERNMENT AND PRIVATE RESOURCES THAT ARE AVAILABLE TO ASSIST PRESENT AND POTENTIAL LOCAL BUSINESS. CREATED A FREE COUNTY-WIDE INFORMATIONAL AND REFERENCE RELATED WEBSITE SO AS TO BE A ONE STOP SHOP FOR COMPANIES RELOCATING TO, OR EXPANDING IN, PUTNAM COUNTY.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt0110215
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011000
IRS990/FeesForServicesAccountingGrp/TotalAmt011000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1030.00
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/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/PersonNm0ALANA D MIKHALEVSKY
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN KRAUS
IRS990/Form990PartVIISectionAGrp/PersonNm2RICHARD WEISS CPA
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT ZUBRYCKI
IRS990/Form990PartVIISectionAGrp/PersonNm4DR MARK HIRKO
IRS990/Form990PartVIISectionAGrp/PersonNm5MAJORIE KEITH
IRS990/Form990PartVIISectionAGrp/PersonNm6DON MINICHINO
IRS990/Form990PartVIISectionAGrp/PersonNm7CHRISTOPHER RYDER
IRS990/Form990PartVIISectionAGrp/PersonNm8KIMBALL GELL
IRS990/Form990PartVIISectionAGrp/PersonNm9DYLAN MIYOSHI
IRS990/Form990PartVIISectionAGrp/PersonNm10KATHLEEN D ABELS
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/ReportableCompFromOrgAmt1092000
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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt05770
IRS990/FundraisingGrossIncomeAmt013580
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0167750
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0181552
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt04852
IRS990/InformationTechnologyGrp/TotalAmt04852
IRS990/InsuranceGrp/ManagementAndGeneralAmt02051
IRS990/InsuranceGrp/ProgramServicesAmt02312
IRS990/InsuranceGrp/TotalAmt04363
IRS990/InvestmentIncomeGrp/ExclusionAmt0222
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0222
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt029733
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt029733
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0COUNTY-BASED ECONOMIC DEVELOPMENT CORPORATION
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0333926
IRS990/NetAssetsOrFundBalancesEOYAmt0371309
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt07810
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt07810
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0333926
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0371309
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03044
IRS990/OfficeExpensesGrp/TotalAmt03044
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1MILEAGE REIMBURSEMENTS
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/ProgramServicesAmt04688
IRS990/OtherExpensesGrp/ProgramServicesAmt1962
IRS990/OtherExpensesGrp/ProgramServicesAmt2506
IRS990/OtherExpensesGrp/TotalAmt04688
IRS990/OtherExpensesGrp/TotalAmt1962
IRS990/OtherExpensesGrp/TotalAmt2506
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0700
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06296
IRS990/OtherSalariesAndWagesGrp/TotalAmt06996
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0793
IRS990/PayrollTaxesGrp/ProgramServicesAmt07140
IRS990/PayrollTaxesGrp/TotalAmt07933
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01080
IRS990/PrincipalOfficerNm0KATHLEEN D ABELS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0MARKETING CAMPAIGN TO PROMOTE BUSINESS DEVELOPMENT IN PUTNAM COUNTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0164065
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0131
IRS990/PYOtherExpensesAmt029064
IRS990/PYOtherRevenueAmt04809
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt038222
IRS990/PYSalariesCompEmpBnftPaidAmt0101719
IRS990/PYTotalExpensesAmt0130783
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0169005
IRS990/ReconcilationRevenueExpnssAmt037383
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0343814
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0380653
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/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt07300
IRS990ScheduleD/DonatedServicesUseFcltsAmt07300
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029733
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029733
IRS990ScheduleD/ExpensesNotReportedAmt013070
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0138399
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt05770
IRS990ScheduleD/OtherRevenueAmt05770
IRS990ScheduleD/RevenueNotReportedAmt013070
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0175782
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE OTHER THAN A PRIVATE FOUNDATION. IT IS ALSO EXEMPT FROM NEW YORK STATE CORPORATION FRANCHISE TAX IN ACCORDANCE WITH THE PROVISION OF REGULATION SECTION 1-34(B)(6) AS A NEW YORK STATE NOT-FOR-PROFIT CORPORATION. THE CORPORATION FILES FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AND AN ANNUAL REPORT, NEW YORK STATE CHAR 500, WITH THE NEW YORK STATE ATTORNEY GENERALS OFFICE, BUREAU OF CHARITIES. U.S. FORMS 990 FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES NET/EVENT REVENUE 5,770.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES NET/EVENT REVENUE 5,770.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0138399
IRS990ScheduleD/TotalRevenuePerForm990Amt0175782
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0188852
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0151469
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05770
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt013580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt013580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt013580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt013580
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07810
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0114
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0114
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03736
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03736
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01920
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01920
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO THE TREASURER, WHO REVIEWS IT WITH THE AUDIT COMMITTEE AND BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AL OFFICERS AND BOARD MEMBERS RECEIVE RELATED PARTY QUESTIONNAIRES EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMMITTEE FOR EXECUTIVE SEARCH AND COMPENSATION REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: POLICIES AND FINACIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0344894
IRS990/TotalAssetsEOYAmt0382153
IRS990/TotalAssetsGrp/BOYAmt0344894
IRS990/TotalAssetsGrp/EOYAmt0382153
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0167750
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027684
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0110715
IRS990/TotalFunctionalExpensesGrp/TotalAmt0138399
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010968
IRS990/TotalLiabilitiesEOYAmt010844
IRS990/TotalLiabilitiesGrp/BOYAmt010968
IRS990/TotalLiabilitiesGrp/EOYAmt010844
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0333926
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0371309
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0110715
IRS990/TotalReportableCompFromOrgAmt092000
IRS990/TotalRevenueGrp/ExclusionAmt08032
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0175782
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0344894
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0382153
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0659
IRS990/TravelGrp/TotalAmt0659
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt040 GLENEIDA AVE RM 310
IRS990/USAddress/CityNm0CARMEL
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010512
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.PUTNAMEDC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHLEEN D ABELS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08458081021
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-26
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/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474526160
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EFPR GROUP CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06390 MAIN STREET SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLIAMSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014221
ReturnHeader/PreparerPersonGrp/PhoneNum07166340700
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A URBAN CPA
ReturnHeader/ReturnTs02024-04-29T11:29:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATHLEEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ABELS
ReturnHeader/TaxPeriodBeginDt02023-01-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$382,153
Liabilities
$10,844
Net assets
$371,309
Revenue
$175,782
Expenses
$138,399
Net income
$37,383
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$3.82$0.11$3.71$1.76$1.38$0.37
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