Civic Intelligence

Erie Canalway Heritage Fund Inc

EIN 26-0372982 • 501(c)3 • Cohoes, NY

Profile

Erie canalway heritage fund, inc. Works to preserve the extraordinary canal corridor heritage, to promote the corridor as a world class tourism destination, and to foster vibrant communities connected by the waterway.

1 Delaware AvenueCohoes, NY 12047

www.eriecanalway.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.36x

Higher debt load relative to assets than 68% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

47th percentile

0.18x

Higher debt load relative to revenue than 47% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Net Margin

63rd percentile

13%

Higher net margin than 63% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

65th percentile

$153,937

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2025

Asset Growth

63rd percentile

10%

Faster asset growth than 63% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

76th percentile

36%

Faster revenue growth than 76% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,470,168

Up $134,517 (+10%) from 2024

Liabilities

Down

$526,164

Down $243,956 (-32%) from 2024

Net Assets

Up

$944,004

Up $378,473 (+67%) from 2024

Revenue

Up

$2,855,777

Up $749,292 (+36%) from 2024

Expenses

Up

$2,477,304

Up $435,709 (+21%) from 2024

Net Income

Up

$378,473

Up $313,583 (+483%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2013: $62,662Liabilities 2013: $13,849Net Assets 2013: $48,8132013Assets 2014: $137,555Liabilities 2014: $47,292Net Assets 2014: $90,2632014Assets 2015: $170,156Liabilities 2015: $31,645Net Assets 2015: $138,5112015Assets 2016: $335,171Liabilities 2016: $143,120Net Assets 2016: $192,0512016Assets 2017: $646,499Liabilities 2017: $281,601Net Assets 2017: $364,8982017Assets 2018: $468,512Liabilities 2018: $69,225Net Assets 2018: $399,2872018Assets 2019: $503,647Liabilities 2019: $52,800Net Assets 2019: $450,8472019Assets 2020: $509,935Liabilities 2020: $104,159Net Assets 2020: $405,7762020Assets 2021: $606,149Liabilities 2021: $155,260Net Assets 2021: $450,8892021Assets 2022: $746,004Liabilities 2022: $342,671Net Assets 2022: $403,3332022Assets 2023: $817,124Liabilities 2023: $316,483Net Assets 2023: $500,6412023Assets 2024: $1,335,651Liabilities 2024: $770,120Net Assets 2024: $565,5312024Assets 2025: $1,470,168Liabilities 2025: $526,164Net Assets 2025: $944,0042025

Highlighted filing

2025

Assets$1,470,168
Liabilities$526,164
Net Assets$944,004

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $335,8482013Revenue 2014: $862,606Expenses 2014: $821,156Net Income 2014: $41,4502014Revenue 2015: $711,968Expenses 2015: $663,720Net Income 2015: $48,2482015Revenue 2016: $900,263Expenses 2016: $846,723Net Income 2016: $53,5402016Revenue 2017: $1,719,948Expenses 2017: $1,547,101Net Income 2017: $172,8472017Revenue 2018: $1,056,492Expenses 2018: $1,022,103Net Income 2018: $34,3892018Revenue 2019: $1,294,374Expenses 2019: $1,242,814Net Income 2019: $51,5602019Revenue 2020: $1,156,246Expenses 2020: $1,201,317Net Income 2020: -$45,0712020Revenue 2021: $1,414,953Expenses 2021: $1,369,840Net Income 2021: $45,1132021Revenue 2022: $1,735,621Expenses 2022: $1,783,177Net Income 2022: -$47,5562022Revenue 2023: $1,496,346Expenses 2023: $1,399,038Net Income 2023: $97,3082023Revenue 2024: $2,106,485Expenses 2024: $2,041,595Net Income 2024: $64,8902024Revenue 2025: $2,855,777Expenses 2025: $2,477,304Net Income 2025: $378,4732025

Highlighted filing

2025

Revenue$2,855,777
Expenses$2,477,304
Net Income$378,473

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Feb 27, 2026
Return Version
2024v5.0
Gross Receipts
$2,855,777
Mission and Program Overview

Mission

Erie canalway heritage fund, inc. Works to preserve the extraordinary canal corridor heritage, to promote the corridor as a world class tourism destination, and to foster vibrant communities connected by the waterway.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$442,026$1,004,014▲ $561,988
Savings and Temporary Cash Investments$239,296$312,167▲ $72,871
Pledges and Grants Receivable$611,179$120,937▼ $490,242
Prepaid Expenses and Deferred Charges$10,887$18,667▲ $7,780
Land, Buildings, and Equipment, Net$14,101$8,266▼ $5,835
Total Assets$1,335,651$1,470,168▲ $134,517
Other Assets Total$18,162$6,117▼ $12,045
Liabilities
Deferred Revenue$437,586$342,507▼ $95,079
Accounts Payable and Accrued Expenses$314,372$177,540▼ $136,832
Other Liabilities$18,162$6,117▼ $12,045
Total Liabilities$770,120$526,164▼ $243,956
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$565,531$944,004▲ $378,473
Total Net Assets Fund Balance$565,531$944,004▲ $378,473
Total Liabilities and Net Assets / Fund Balance$1,335,651$1,470,168▲ $134,517

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,266$88,692$96,958
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert RadliffExecutive DiFT$134,329$19,608$153,937
Robert RadliffExecutive Director-$134,329$19,608$153,937
Aimee MessierDirector ofFT$27,661$19,803$47,464
Revenue and Support

Revenue Composition

Contributions and Grants
$2,593,691
Program Service Revenue
$226,234
Investment Income
$30,837
Other Revenue
$5,015
All Other Contributions
$585,560
Change in Net Assets
$378,473

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$61,290Fair Market Value (FMV)
Total Noncash Contributions1$61,290-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,855,777
Revenue Not Reported on Form 990
$119,169
Total Revenue per Audited Statements
$2,974,946
Total Revenue per Form 990
$2,855,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,259,726
Salaries, Compensation, and Employee Benefits$982,049
Grants and Similar Amounts Paid$235,529
Total Fundraising Expense$48,112
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$467,551$136,674$31,640$635,865
Conferences and Meetings$319,757$3,355-$323,112
Grants to Domestic Orgs$235,529--$235,529
Fees for Services Other$195,884$25,084$218$221,186
Current Officers, Directors, Trustees, and Key Employees$144,949$48,012$8,440$201,401
Advertising$164,774$52-$164,826
Office Expenses$110,876$28,266$6,396$145,538
Payroll Taxes$41,088$20,984$604$62,676
Other Employee Benefits$38,286$19,552$562$58,400
Travel$23,900$5,346-$29,246
Fees for Services Accounting$21,432$2,744$24$24,200
Pension Plan Contributions$15,542$7,937$228$23,707
Occupancy$7,257$11,054-$18,311
Insurance$7,320$5,475-$12,795
Information Technology$3,245$4,422-$7,667
Depreciation Depletion$5,223$612-$5,835
Other Expenses$4,113$36-$4,149
Total Functional Expenses$2,109,587$319,605$48,112$2,477,304

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,596,473
Expenses per Audited Statements$2,477,304
Total Expenses per Form 990$2,477,304
Expenses Not Reported on Form 990$119,169
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
35 Grants 5000Waterford, NYGovProgram$65,495
Canal Society of NysManlius, NY501c3Amenities$42,750
The Arc of WayneNewark, NY501c3Amenities$26,500
Schenectady Co Historical SocietySchenectady, NY501c3Amenities$24,000
Village of Fort EdwardFort Edward, NYGovAmenities$19,552
Chittenango Landing Canal Boat MuseChittenango, NY501c3Amenities$12,800
Town of LyonsLyons, NYGovAmenities$12,760
Village of BrockportBrockport, NYGovProgram$9,500
The Village of SchuylervilleSchuylerville, NYGovAmenities$8,922
Corn Hill NavigationRochester, NY501c3Program$8,250
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Payable$6,117
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
Yes
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, Page 6, Part VI, Line 11B

The board of directors is provided a copy of the tax return filings for review and approval before filing.

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

The board is required to disclose any conflicts of interest on an annual basis.

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

The board is charged with reviewing and approving the executive director's salary on an annual basis.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Erie Canalway Heritage Fund Inc
EIN
26-0372982
Phone
5182377000
Address
1 DELAWARE AVENUE, COHOES, NY 12047

Signing Officer

Name
Erin Tobin
Title
Treasurer
Phone
5182377000
Signed
2026-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Radliff
Formed
2006
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
12

Preparer

Firm
Cusack & Company Cpas LLC
Address
7 AIRPORT PARK BLVD, LATHAM, NY 12110
Preparer
Jason D Marra CPA
Phone
5187863550
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The accounting standards codification requires entities to disclose in their financial statements the nature of any uncertainty in their tax position. The corporation has not recognized any benefits or liabilities from uncertain tax positions in 2025 and believes it has no uncertain tax positions for which are reasonably possible that will significantly increase or decrease net assets. Generally, federal and state authorities may examine the corporation's tax returns for three years from the date of filing; consequently, income tax returns for the years prior to 2022 are no longer subject to examination by tax authorities.

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IRS990/MissionDesc0ERIE CANALWAY HERITAGE FUND, INC. WORKS TO PRESERVE THE EXTRAORDINARY CANAL CORRIDOR HERITAGE, TO PROMOTE THE CORRIDOR AS A WORLD CLASS TOURISM DESTINATION, AND TO FOSTER VIBRANT COMMUNITIES CONNECTED BY THE WATERWAY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARDS CODIFICATION REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITION. THE CORPORATION HAS NOT RECOGNIZED ANY BENEFITS OR LIABILITIES FROM UNCERTAIN TAX POSITIONS IN 2025 AND BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS FOR WHICH ARE REASONABLY POSSIBLE THAT WILL SIGNIFICANTLY INCREASE OR DECREASE NET ASSETS. GENERALLY, FEDERAL AND STATE AUTHORITIES MAY EXAMINE THE CORPORATION'S TAX RETURNS FOR THREE YEARS FROM THE DATE OF FILING; CONSEQUENTLY, INCOME TAX RETURNS FOR THE YEARS PRIOR TO 2022 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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