Civic Intelligence

Seneca County Economic Development Corporation

990 • Fiscal year 2018 • EIN 16-1585758

Jan 01, 2018 to Dec 31, 2018 • Filed on May 14, 2019

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

48th percentile

0.01x

Higher debt load relative to assets than 48% of similar nonprofits.

2018 filings • NTEE S30 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

72nd percentile

0.11x

Higher debt load relative to revenue than 72% of similar nonprofits.

2018 filings • NTEE S30 • <$500k nonprofits • Source year 2018

Net Margin

4th percentile

-263%

Higher net margin than 4% of similar nonprofits.

2018 filings • NTEE S30 • <$500k nonprofits • Source year 2018

Top Officer Pay

66th percentile

$0

Higher top officer pay than 66% of similar nonprofits.

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

2018 filings • NTEE S30 • <$500k nonprofits • Source year 2018

Asset Growth

26th percentile

-17%

Faster asset growth than 26% of similar nonprofits.

2018 filings • NTEE S30 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

12th percentile

-67%

Faster revenue growth than 12% of similar nonprofits.

2018 filings • NTEE S30 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$450,183

Down $95,447 (-17%) from 2017

Net Assets

Down

$446,602

Down $89,452 (-17%) from 2017

Liabilities

Down

$3,581

Down $5,995 (-63%) from 2017

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin4th percentile

Revenue

Down

$33,950

Down $68,316 (-67%) from 2017

Expenses

Down

$123,402

Down $983 (-0.8%) from 2017

Net Income

Down

-$89,452

Down $67,333 (-304%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2018

Assets$450,183
Liabilities$3,581
Net Assets$446,602
Open 2018 Filing

Operations Trend

Revenue Growth12th 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

2018

Revenue$33,950
Expenses$123,402
Net Income-$89,452
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$33,950
Mission and Program Overview

Mission

Promoting employment & encouraging development of industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$412,996$392,220▼ $20,776
Other Notes and Loans Receivable, Net$132,634$57,410▼ $75,224
Accounts Receivable-$553-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$545,630$450,183▼ $95,447
Liabilities
Accounts Payable and Accrued Expenses$9,576$3,581▼ $5,995
Total Liabilities$9,576$3,581▼ $5,995
Net Assets / Fund Balance
Unrestricted Net Assets$536,054$446,602▼ $89,452
Total Net Assets Fund Balance$536,054$446,602▼ $89,452
Total Liabilities and Net Assets / Fund Balance$545,630$450,183▼ $95,447

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$10,329$10,329
Compensation and Service Providers
Top Officer Pay66th percentile

Board Members and Trustees

NameTitle
Thomas MacinskiChairman
Steven BrussoVice Chairman
Thomas KimeBoard Member
Valerie BassettBoard Member
Robert AronsonExecutive Director
Erica PaolicelliSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,389
Program Service Revenue
$15,303
Investment Income
$2,258
Other Revenue
$0
All Other Contributions
$16,059
Change in Net Assets
$-89,452

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,950
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$33,950
Total Revenue per Form 990
$33,950
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,402
Total Fundraising Expense$1,202
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$17,745-$17,745
Insurance$4,457--$4,457
Office Expenses$2,330--$2,330
Fees for Services Other-$1,000$1,202$2,202
Occupancy$1,367--$1,367
Information Technology$979--$979
Other Expenses$817$12,203-$817
All Other Expenses$350--$350
Travel-$212-$212
Total Functional Expenses$45,740$76,460$1,202$123,402

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$123,402
Total Expenses per Audited Statements$123,402
Total Expenses per Form 990$123,402
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
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
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, Part VI, Section B, Line 11B

“The board reviews the form 990 prior to filing.”

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

“This is discussed annually with board members.”

Form 990, Part VI, Section C, Line 19

“Information available upon request and on the seneca county ida website.”

Filing and Contact Details

Filer

Filer Name
Seneca County Edc
EIN
16-1585758
Phone
3155391725
Address
ONE DIPRONIO DRIVE, WATERLOO, NY 13165

Signing Officer

Name
Robert Aronson
Title
Executive Director
Phone
3155391725
Signed
2019-05-14
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
Volunteers
5

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
195 PARRISH STREET SUITE 240, CANANDAIGUA, NY 14424
Preparer
Raymond F Wager
Phone
5854231860
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process is consistent with prior year.”

Financial Statement Notes

PART X, LINE 2:

“The scedc is exempt from income taxes under section 501(c)(4) 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 corporation's tax-exempt status. Therefore, no liability or provision for income tax has been reflected in the financial statements. The corporation has received a determination letter from the irs.”

Raw XML AppendixShowing 400 of 407 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCEDC IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(4) 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 CORPORATION'S TAX-EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. THE CORPORATION HAS RECEIVED A DETERMINATION LETTER FROM THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0123402
IRS990ScheduleD/TotalRevenuePerForm990Amt033950
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt033950
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0123402
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 ON THE SENECA COUNTY IDA WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS IS CONSISTENT WITH PRIOR YEAR.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SENECA COUNTY IDA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0161585758
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVERNMENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0INDUSTRIAL DEVELOPMENT IN SENECA COUNTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0ONE DIPRONIO DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WATERLOO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd013165
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0545630
IRS990/TotalAssetsEOYAmt0450183
IRS990/TotalAssetsGrp/BOYAmt0545630
IRS990/TotalAssetsGrp/EOYAmt0450183
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt016389
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01202
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076460
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045740
IRS990/TotalFunctionalExpensesGrp/TotalAmt0123402
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09576
IRS990/TotalLiabilitiesEOYAmt03581
IRS990/TotalLiabilitiesGrp/BOYAmt09576
IRS990/TotalLiabilitiesGrp/EOYAmt03581
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0536054
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0446602
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt045740
IRS990/TotalProgramServiceRevenueAmt015303
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02258
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015303
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt033950
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0545630
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0450183
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0212
IRS990/TravelGrp/TotalAmt0212
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0536054
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0446602
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE DIPRONIO DRIVE
IRS990/USAddress/CityNm0WATERLOO
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013165
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT ARONSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03155391725
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SENECA COUNTY EDC
ReturnHeader/Filer/BusinessNameControlTxt0SENE
ReturnHeader/Filer/EIN0161585758
ReturnHeader/Filer/PhoneNum03155391725
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE DIPRONIO DRIVE
ReturnHeader/Filer/USAddress/CityNm0WATERLOO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013165
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId009B44ADD42589BB59B3A487886966B4B70FBD053
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId009B44ADD42589BB59B3A487886966B4B70FBD053
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.49.130.51
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:35:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161092347
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MENGEL METZGER BARR & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0195 PARRISH STREET SUITE 240
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CANANDAIGUA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014424
ReturnHeader/PreparerPersonGrp/PhoneNum05854231860

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$450,183
Liabilities
$3,581
Net assets
$446,602
Revenue
$33,950
Expenses
$123,402
Net income
-$89,452
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