Civic Intelligence

Seneca County Economic Development Corporation

990 • Fiscal year 2020 • EIN 16-1585758

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

38th percentile

0.00x

Higher debt load relative to assets than 38% of similar nonprofits.

2020 filings • NTEE S30 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.01x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • NTEE S • <$500k nonprofits • Source year 2020

Net Margin

5th percentile

-440%

Higher net margin than 5% of similar nonprofits.

2020 filings • NTEE S30 • <$500k nonprofits • Source year 2020

Top Officer Pay

83rd percentile

$52,308

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 221.3% of source-year revenue.

2020 filings • NTEE S30 • <$500k nonprofits • Source year 2020

Asset Growth

11th percentile

-31%

Faster asset growth than 11% of similar nonprofits.

2020 filings • NTEE S30 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

75th percentile

21%

Faster revenue growth than 75% of similar nonprofits.

2020 filings • NTEE S30 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$236,151

Down $104,246 (-31%) from 2019

Net Assets

Down

$236,012

Down $104,050 (-31%) from 2019

Liabilities

Down

$139

Down $196 (-59%) from 2019

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin5th percentile

Revenue

Up

$23,632

Up $4,045 (+21%) from 2019

Expenses

Up

$127,682

Up $1,555 (+1.2%) from 2019

Net Income

Up

-$104,050

Up $2,490 (+2.3%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2020

Assets$236,151
Liabilities$139
Net Assets$236,012
Open 2020 Filing

Operations Trend

Revenue Growth75th 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

2020

Revenue$23,632
Expenses$127,682
Net Income-$104,050
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$23,632
Mission and Program Overview

Mission

Promoting employment & encouraging development of industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$339,291$236,151▼ $103,140
Accounts Receivable$1,106$0▼ $1,106
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$340,397$236,151▼ $104,246
Liabilities
Accounts Payable and Accrued Expenses$335$139▼ $196
Total Liabilities$335$139▼ $196
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$340,062$236,012▼ $104,050
Total Net Assets Fund Balance$340,062$236,012▼ $104,050
Total Liabilities and Net Assets / Fund Balance$340,397$236,151▼ $104,246

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$10,329$10,329
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah DavisExecutive Director - as of Apr 2020PT-$52,308$52,308
Robert KernanCFO-$6,000-$6,000

Board Members and Trustees

NameTitle
Valerie BassettChair
Steven BrussoVice Chair
Thomas KimeBoard Member
Erica PaolicelliSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,030
Program Service Revenue
$19,412
Investment Income
$190
Other Revenue
$0
All Other Contributions
$4,030
Change in Net Assets
$-104,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,632
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$23,632
Total Revenue per Form 990
$23,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,682
Salaries, Compensation, and Employee Benefits$6,000
Total Fundraising Expense$3,395
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$11,475-$11,475
Current Officers, Directors, Trustees, and Key Employees-$6,000-$6,000
Insurance$5,213--$5,213
Fees for Services Other-$1,075$3,395$4,470
Occupancy$2,578--$2,578
Office Expenses$2,323--$2,323
Information Technology$480--$480
Other Expenses$357$11,971-$357
All Other Expenses$150--$150
Travel-$35-$35
Total Functional Expenses$48,431$75,856$3,395$127,682

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$127,682
Total Expenses per Audited Statements$127,682
Total Expenses per Form 990$127,682
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
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 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
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
Bob Kernan
Title
CEO
Phone
3155391725
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah R Davis
Formed
2000
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

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

Additional Explanations

Part XII, Line 2C Explanation

“This process is consistent with the 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 408 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/BOYAmt0335
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0139
IRS990/AccountsReceivableGrp/BOYAmt01106
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROMOTING EMPLOYMENT & ENCOURAGING DEVELOPMENT OF INDUSTRY.
IRS990/AllOtherContributionsAmt04030
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0150
IRS990/AllOtherExpensesGrp/TotalAmt0150
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ELLY BEATTIE
IRS990/BooksInCareOfDetail/PhoneNum03155391725
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0ONE DIPRONIO DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WATERLOO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd013165
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0339291
IRS990/CashNonInterestBearingGrp/EOYAmt0236151
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt06000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt06000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04030
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0190
IRS990/CYOtherExpensesAmt0121682
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt019412
IRS990/CYRevenuesLessExpensesAmt0-104050
IRS990/CYSalariesCompEmpBnftPaidAmt06000
IRS990/CYTotalExpensesAmt0127682
IRS990/CYTotalFundraisingExpenseAmt03395
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt023632
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SENECA ARMY DEPOT REVITALIZATION, PROMOTING EMPLOYMENT, & ENCOURAGING DEVELOPMENT AND ATTRACTING NEW INDUSTRY TO THE TERRITORY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04481
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011475
IRS990/FeesForServicesAccountingGrp/TotalAmt011475
IRS990/FeesForServicesOtherGrp/FundraisingAmt03395
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01075
IRS990/FeesForServicesOtherGrp/TotalAmt04470
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt520.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt510.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0STEVEN BRUSSO
IRS990/Form990PartVIISectionAGrp/PersonNm1ERICA PAOLICELLI
IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS KIME
IRS990/Form990PartVIISectionAGrp/PersonNm3VALERIE BASSETT
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT KERNAN
IRS990/Form990PartVIISectionAGrp/PersonNm5SARAH DAVIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt46000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt552308
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR - AS OF APR 2020
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt023632
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0480
IRS990/InformationTechnologyGrp/TotalAmt0480
IRS990/InsuranceGrp/ProgramServicesAmt05213
IRS990/InsuranceGrp/TotalAmt05213
IRS990/InvestmentIncomeGrp/ExclusionAmt0190
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0190
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010329
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt010329
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTING EMPLOYMENT & ENCOURAGING DEVELOPMENT OF INDUSTRY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0340062
IRS990/NetAssetsOrFundBalancesEOYAmt0236012
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0340062
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0236012
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02578
IRS990/OccupancyGrp/TotalAmt02578
IRS990/OfficeExpensesGrp/ProgramServicesAmt02323
IRS990/OfficeExpensesGrp/TotalAmt02323
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CEMETERY DIRECTOR SERVI
IRS990/OtherExpensesGrp/Desc1BURIAL SERVICE
IRS990/OtherExpensesGrp/Desc2MAINTENANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc3ANNUAL DUES AND FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt045300
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111971
IRS990/OtherExpensesGrp/ProgramServicesAmt037330
IRS990/OtherExpensesGrp/ProgramServicesAmt1357
IRS990/OtherExpensesGrp/TotalAmt045300
IRS990/OtherExpensesGrp/TotalAmt137330
IRS990/OtherExpensesGrp/TotalAmt211971
IRS990/OtherExpensesGrp/TotalAmt3357
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SARAH R DAVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0812900
IRS990/ProgramServiceRevenueGrp/Desc0CEMETERY INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019412
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019412
IRS990/ProgSrvcAccomActy2Grp/Desc0THE RESPONSIBILITY FOR MANAGEMENT OF THE SAMPSON VETERANS MEMORIAL CEMETERY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt043950
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt019412
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05715
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0826
IRS990/PYOtherExpensesAmt0120127
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt013046
IRS990/PYRevenuesLessExpensesAmt0-106540
IRS990/PYSalariesCompEmpBnftPaidAmt06000
IRS990/PYTotalExpensesAmt0126127
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt019587
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-104050
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0SCHEDULE A IS BEING RESTATED IN THE CURRENT YEAR FOR THE PROPER PRESENTATION OF THE ORGANIZATION'S INCOME FROM PROGRAM SERVICES THAT WAS MISCATAGORIZED IN PRIOR YEARS. INCOME FROM RENTAL ACTIVITY IN 2016 AND 2017 AND INTEREST EARNED ON ECONOMIC DEVELOPMENT LOANS IN 2016 THROUGH 2019 WERE ERRONOUSLY INCLUDED IN LINE 8 AS PASSIVE INCOME WHEN THE SHOULD HAVE BEEN INCLUDED IN THE TOTAL ON LINE 12. THE ORGANIZATION IS NOT AMENDING PRIOR YEAR RETURNS.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt016389
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt09785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt013385
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt049304
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0251
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0167
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt054
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0742
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0322266
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98520
IRS990ScheduleA/PublicSupportPY170Pct00.18170
IRS990ScheduleA/PublicSupportTotal170Amt049304
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04030
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05715
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt016389
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt09785
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt013385
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt049304
IRS990ScheduleA/TotalSupportAmt050046
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010329
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010329
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0127682
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt023632
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/TotalExpensesPerForm990Amt0127682
IRS990ScheduleD/TotalRevenuePerForm990Amt023632
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023632
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0127682
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/ExplanationTxt3THIS PROCESS IS CONSISTENT WITH THE 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/FormAndLineReferenceDesc3PART XII, LINE 2C EXPLANATION
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/SupplementalInformationDetail/ExplanationTxt0VALERIE BASSETT, CHAIR; STEVEN BRUSSO, THOMAS KIME AND ERICA PAOLICELLI ARE ALSO BOARD MEMBERS OF THE SENECA COUNTY IDA. THEY ARE NOT COMPENSATED BY EITHER ORGANIZATION AND THEIR INVOLVEMENT WITH EITHER BOARD IS ON A VOLUNTEER BASIS SARAH DAVIS IS ALSO THE EXECUTIVE DIRECTOR OF THE SENECA COUNTY IDA AND WAS COMPENSATED TO BE THE EXECUTIVE DIRECTOR OF THE SENECA COUNTY IDA. THE SENECA COUNTY EDC DID NOT PAY EITHER MS. DAVIS OR THE SENECA COUNTY IDA FOR MS. DAVIS TO BE THE EXECUTIVE DIRECTOR OF THE SENECA COUNTY EDC. HER INVOLVEMENT IN THE SENECA COUNTY EDC IS ON A VOLUNTEER BASIS. ROBERT KERNAN IS THE CFO FOR BOTH THE SENECA COUNTY IDA AND EDC. BOTH ORGANIZATIONS PAID MR. KERNAN INDEPENDENTLY AS AN OUTSIDE CONTRACTOR FOR HIS SERVICES PERFORMED AS THE CFO IN THE RESPECTIVE ORGANIZATIONS.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 1
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0340397
IRS990/TotalAssetsEOYAmt0236151
IRS990/TotalAssetsGrp/BOYAmt0340397
IRS990/TotalAssetsGrp/EOYAmt0236151
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04030
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03395
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075856
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt048431
IRS990/TotalFunctionalExpensesGrp/TotalAmt0127682
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0335
IRS990/TotalLiabilitiesEOYAmt0139
IRS990/TotalLiabilitiesGrp/BOYAmt0335
IRS990/TotalLiabilitiesGrp/EOYAmt0139
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0340062
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0236012
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt048431
IRS990/TotalProgramServiceRevenueAmt019412
IRS990/TotalReportableCompFromOrgAmt06000
IRS990/TotalRevenueGrp/ExclusionAmt0190
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019412
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt023632
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0340397
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0236151
IRS990/TotReportableCompRltdOrgAmt052308
IRS990/TravelGrp/ManagementAndGeneralAmt035
IRS990/TravelGrp/TotalAmt035
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE DIPRONIO DRIVE
IRS990/USAddress/CityNm0WATERLOO
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013165
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BOB KERNAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03155391725
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
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/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
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12

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
$236,151
Liabilities
$139
Net assets
$236,012
Revenue
$23,632
Expenses
$127,682
Net income
-$104,050
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