Civic Intelligence

Seneca County Economic Development Corporation

990 • Fiscal year 2016 • EIN 16-1585758

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 22, 2017

Organization ProfileN/A

View Organization Page

One Dipronio DriveWaterloo, NY 13165

(315) 539-1725

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Net Margin

88th percentile

34%

Higher net margin than 88% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Asset Growth

74th percentile

13%

Faster asset growth than 74% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

96th percentile

269%

Faster revenue growth than 96% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$558,616

Up $64,635 (+13%) from 2015

Net Assets

Up

$558,173

Up $65,474 (+13%) from 2015

Liabilities

Down

$443

Down $839 (-65%) from 2015

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin88th percentile

Revenue

Up

$192,877

Up $140,596 (+269%) from 2015

Expenses

Up

$127,403

Up $14,238 (+13%) from 2015

Net Income

Up

$65,474

Up $126,358 (+208%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$600K$400K$200K$0Assets 2011: $586,881Liabilities 2011: $245,101Net Assets 2011: $341,7802011Assets 2012: $286,758Liabilities 2012: $4,743Net Assets 2012: $282,0152012Assets 2013: $261,596Liabilities 2013: $23,816Net Assets 2013: $237,7802013Assets 2014: $553,913Liabilities 2014: $330Net Assets 2014: $553,5832014Assets 2015: $493,981Liabilities 2015: $1,282Net Assets 2015: $492,6992015Assets 2016: $558,616Liabilities 2016: $443Net Assets 2016: $558,1732016Assets 2017: $545,630Liabilities 2017: $9,576Net Assets 2017: $536,0542017Assets 2018: $450,183Liabilities 2018: $3,581Net Assets 2018: $446,6022018Assets 2019: $340,397Liabilities 2019: $335Net Assets 2019: $340,0622019Assets 2020: $236,151Liabilities 2020: $139Net Assets 2020: $236,0122020Assets 2021: $163,367Liabilities 2021: $0Net Assets 2021: $163,3672021Assets 2022: $148,313Liabilities 2022: $0Net Assets 2022: $148,3132022Assets 2023: $132,330Liabilities 2023: $0Net Assets 2023: $132,3302023Assets 2024: $117,142Liabilities 2024: $0Net Assets 2024: $117,1422024

Highlighted filing

2016

Assets$558,616
Liabilities$443
Net Assets$558,173
Open 2016 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,332,161Expenses 2011: $1,144,080Net Income 2011: $188,0812011Revenue 2012: $118,627Expenses 2012: $178,392Net Income 2012: -$59,7652012Revenue 2013: $84,931Expenses 2013: $129,166Net Income 2013: -$44,2352013Revenue 2014: $839,744Expenses 2014: $523,941Net Income 2014: $315,8032014Revenue 2015: $52,281Expenses 2015: $113,165Net Income 2015: -$60,8842015Revenue 2016: $192,877Expenses 2016: $127,403Net Income 2016: $65,4742016Revenue 2017: $102,266Expenses 2017: $124,385Net Income 2017: -$22,1192017Revenue 2018: $33,950Expenses 2018: $123,402Net Income 2018: -$89,4522018Revenue 2019: $19,587Expenses 2019: $126,127Net Income 2019: -$106,5402019Revenue 2020: $23,632Expenses 2020: $127,682Net Income 2020: -$104,0502020Revenue 2021: $7,874Expenses 2021: $80,519Net Income 2021: -$72,6452021Revenue 2022: $600,160Expenses 2022: $615,214Net Income 2022: -$15,0542022Revenue 2023: $56Expenses 2023: $16,039Net Income 2023: -$15,9832023Revenue 2024: $49Expenses 2024: $15,237Net Income 2024: -$15,1882024

Highlighted filing

2016

Revenue$192,877
Expenses$127,403
Net Income$65,474
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 22, 2017
Return Version
2016v3.0
Gross Receipts
$192,877
Mission and Program Overview

Mission

Promoting employment & encouraging development of industry.

Promoting employment & encouraging development of industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$215,328$337,702▲ $122,374
Other Notes and Loans Receivable, Net$278,653$206,372▼ $72,281
Accounts Receivable-$14,542-
Total Assets$493,981$558,616▲ $64,635
Liabilities
Accounts Payable and Accrued Expenses$1,282$443▼ $839
Total Liabilities$1,282$443▼ $839
Net Assets / Fund Balance
Unrestricted Net Assets$492,699$558,173▲ $65,474
Total Net Assets Fund Balance$492,699$558,173▲ $65,474
Total Liabilities and Net Assets / Fund Balance$493,981$558,616▲ $64,635

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$10,329$10,329
Compensation and Service Providers
Top Officer Pay48th percentile

Board Members and Trustees

NameTitle
Steven BrussoChairman - Board Member
Thomas MacinskiVice Chairman - Board Member
Thomas KimeBoard Member
Robert AronsonExecutive Director
Robert KernanSecretary & Treasurer-Board M
Revenue and Support

Revenue Composition

Contributions and Grants
$13,385
Program Service Revenue
$17,632
Investment Income
$0
Other Revenue
$161,860
All Other Contributions
$7,156
Change in Net Assets
$65,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$192,877
Total Revenue per Audited Statements
$192,877
Total Revenue per Form 990
$192,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$120,858
Grants and Similar Amounts Paid$5,149
Professional Fundraising Fees$1,396
Total Fundraising Expense$1,396
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$43,500-$43,500
Fees for Services Other-$37,387-$37,387
Fees for Services Accounting-$12,050-$12,050
Grants to Domestic Orgs$5,149--$5,149
Insurance$5,095--$5,095
Office Expenses$1,508--$1,508
Fees for Services Professional Fundraising--$1,396$1,396
Occupancy$1,354--$1,354
Information Technology$979--$979
Other Expenses$894$15,935-$894
Travel-$98-$98
Total Functional Expenses$17,037$108,970$1,396$127,403

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$127,403
Total Expenses per Audited Statements$127,403
Total Expenses per Form 990$127,403
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,396
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The Board reviews the Form 990 prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“This is discussed annually with board members.”

Governing documents etc available to public Part VI line 19

“Information available upon request and is on the Seneca County IDA Website.”

Filing and Contact Details

Filer

Filer Name
Seneca County EDC
EIN
16-1585758
Address
One Dipronio Drive, Waterloo, NY 13165

Signing Officer

Name
Robert Aronson
Title
Executive Direc
Phone
3155391725
Signed
2017-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Aronson
Formed
2000
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Raymond F Wager CPA PC
Address
1020 Lehigh Station Road, Henrietta, NY 14467
Preparer
Raymond F Wager
Phone
5853215643
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“These fees represent total burial expenses incurred.”

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

“The Corporation is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Under Accounting Standards Codification (ASC) Section 740, the tax status of tax-exempt entities is an uncertain tax position since events could potentially occur that jeopardize tax-exempt status. Management is not aware of any events that could jeopardize the Corporations tax-exempt status. Therefore, no liability or provision for income tax has been reflected in the financial statements.”

Raw XML Appendix397 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board reviews the Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This is discussed annually with board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information available upon request and is on the Seneca County IDA Website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3These fees represent total burial expenses incurred.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0161585758
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0Governmental
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Industrial development in Seneca County
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Waterloo
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IRS990/TotalContributionsAmt013385
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IRS990/TotalProgramServiceExpensesAmt017037
IRS990/TotalProgramServiceRevenueAmt017632
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0179492
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0192877
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0493981
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0558616
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/ManagementAndGeneralAmt098
IRS990/TravelGrp/TotalAmt098
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IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Aronson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum03155391725
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Seneca County EDC
ReturnHeader/Filer/BusinessNameControlTxt0SENE
ReturnHeader/Filer/EIN0161585758
ReturnHeader/Filer/USAddress/AddressLine1Txt0One Dipronio Drive
ReturnHeader/Filer/USAddress/CityNm0Waterloo
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A2DCB4B3C5DA4D7CC2E9F5994D09B181BA5221D3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A2DCB4B3C5DA4D7CC2E9F5994D09B181BA5221D3
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId01619312017123dcoxnlu
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-05-03
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.10.63.47
ReturnHeader/FilingSecurityInformation/IPDt02017-05-03
ReturnHeader/FilingSecurityInformation/IPTm011:34:04
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Raymond F Wager CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01020 Lehigh Station Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Henrietta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014467
ReturnHeader/PreparerPersonGrp/PhoneNum05853215643
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Raymond F Wager
ReturnHeader/ReturnTs02017-05-03T11:33:01-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$558,616
Liabilities
$443
Net assets
$558,173
Revenue
$192,877
Expenses
$127,403
Net income
$65,474
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.00$0.02$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.00$0.13$0.00$0.02$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.60$0.62$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.01$0.08$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.02$0.13$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.02$0.13$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.03$0.12$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.01$0.54$0.10$0.12$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.19$0.13$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.05$0.11$0.06
2014Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$0.84$0.52$0.32
2013Summary only. Only limited summary data is available for this year.$0.26$0.02$0.24$0.08$0.13$0.04
2012Summary only. Only limited summary data is available for this year.$0.29$0.00$0.28$0.12$0.18$0.06
2011Summary only. Only limited summary data is available for this year.$0.59$0.25$0.34$1.33$1.14$0.19