Civic Intelligence

Centerstate Corporation for Economic Opportunity

EIN 27-2620882 • 501(c)6 • Syracuse, NY

View Organization Page

Profile

Based in syracuse, the centerstate corporation for economic opportunity is a twelve-county business leadership and economic development organization. A private, not-for-profit organization, centerstate ceo represents 2,000 members and serves as the region's primary economic, community and business development catalyst. Centerstate ceo works to achieve regional growth and total community prosperity through partnerships, planning and problem solving.

115 West Fayette StreetSyracuse, NY 13202

www.centerstateceo.com

Siviq Scores

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

Liabilities / Assets

58th percentile

0.33x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.46x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Net Margin

93rd percentile

52%

Higher net margin than 93% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

35th percentile

$434,054

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Asset Growth

87th percentile

26%

Faster asset growth than 87% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

83%

Faster revenue growth than 93% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$41,590,473

Up $8,513,681 (+26%) from 2023

Liabilities

Down

$13,924,187

Down $10,343,521 (-43%) from 2023

Net Assets

Up

$27,666,286

Up $18,857,202 (+214%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin93rd percentile

Revenue

Up

$30,252,872

Up $13,738,611 (+83%) from 2023

Expenses

Down

$14,485,264

Down $369,387 (-2.5%) from 2023

Net Income

Up

$15,767,608

Up $14,107,998 (+850%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth87th percentile

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

$60M$40M$20M$0-$20MAssets 2011: $421,098Liabilities 2011: $421,098Net Assets 2011: $02011Assets 2012: $1,592,745Liabilities 2012: $1,525,424Net Assets 2012: $67,3212012Assets 2013: $2,395,822Liabilities 2013: $2,394,728Net Assets 2013: $1,0942013Assets 2014: $3,951,640Liabilities 2014: $3,961,659Net Assets 2014: -$10,0192014Assets 2015: $6,622,638Liabilities 2015: $6,078,681Net Assets 2015: $543,9572015Assets 2016: $7,682,918Liabilities 2016: $6,539,793Net Assets 2016: $1,143,1252016Assets 2017: $7,967,144Liabilities 2017: $6,816,169Net Assets 2017: $1,150,9752017Assets 2018: $9,677,149Liabilities 2018: $8,355,458Net Assets 2018: $1,321,6912018Assets 2019: $11,881,257Liabilities 2019: $7,344,610Net Assets 2019: $4,536,6472019Assets 2020: $13,352,402Liabilities 2020: $7,449,144Net Assets 2020: $5,903,2582020Assets 2021: $14,861,323Liabilities 2021: $6,694,022Net Assets 2021: $8,167,3012021Assets 2022: $20,340,326Liabilities 2022: $13,064,774Net Assets 2022: $7,275,5522022Assets 2023: $33,076,792Liabilities 2023: $24,267,708Net Assets 2023: $8,809,0842023Assets 2024: $41,590,473Liabilities 2024: $13,924,187Net Assets 2024: $27,666,2862024

Highlighted filing

2024

Assets$41,590,473
Liabilities$13,924,187
Net Assets$27,666,286
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $4,736,4982011Expenses 2012: $7,302,2892012Revenue 2013: $7,854,209Expenses 2013: $7,920,436Net Income 2013: -$66,2272013Revenue 2014: $9,554,091Expenses 2014: $9,565,204Net Income 2014: -$11,1132014Revenue 2015: $10,552,671Expenses 2015: $9,998,695Net Income 2015: $553,9762015Revenue 2016: $10,693,270Expenses 2016: $10,094,102Net Income 2016: $599,1682016Revenue 2017: $9,534,027Expenses 2017: $9,526,177Net Income 2017: $7,8502017Revenue 2018: $11,588,221Expenses 2018: $11,393,495Net Income 2018: $194,7262018Revenue 2019: $15,684,184Expenses 2019: $12,433,462Net Income 2019: $3,250,7222019Revenue 2020: $12,200,930Expenses 2020: $10,626,987Net Income 2020: $1,573,9432020Revenue 2021: $12,463,193Expenses 2021: $10,176,570Net Income 2021: $2,286,6232021Revenue 2022: $13,051,588Expenses 2022: $13,493,805Net Income 2022: -$442,2172022Revenue 2023: $16,514,261Expenses 2023: $14,854,651Net Income 2023: $1,659,6102023Revenue 2024: $30,252,872Expenses 2024: $14,485,264Net Income 2024: $15,767,6082024

Highlighted filing

2024

Revenue$30,252,872
Expenses$14,485,264
Net Income$15,767,608
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$41,590,473
Liabilities
$13,924,187
Net assets
$27,666,286
Revenue
$30,252,872
Expenses
$14,485,264
Net income
$15,767,608
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.6$13.9$27.7$30.3$14.5$15.8
2023Detailed filing. Detailed filing data is available for this year.$33.1$24.3$8.81$16.5$14.9$1.66
2022Detailed filing. Detailed filing data is available for this year.$20.3$13.1$7.28$13.1$13.5$0.44
2021Detailed filing. Detailed filing data is available for this year.$14.9$6.69$8.17$12.5$10.2$2.29
2020Detailed filing. Detailed filing data is available for this year.$13.4$7.45$5.90$12.2$10.6$1.57
2019Detailed filing. Detailed filing data is available for this year.$11.9$7.34$4.54$15.7$12.4$3.25
2018Detailed filing. Detailed filing data is available for this year.$9.68$8.36$1.32$11.6$11.4$0.19
2017Detailed filing. Detailed filing data is available for this year.$7.97$6.82$1.15$9.53$9.53$0.01
2016Detailed filing. Detailed filing data is available for this year.$7.68$6.54$1.14$10.7$10.1$0.60
2015Detailed filing. Detailed filing data is available for this year.$6.62$6.08$0.54$10.6$10.00$0.55
2014Detailed filing. Detailed filing data is available for this year.$3.95$3.96$0.01$9.55$9.57$0.01
2013Detailed filing. Detailed filing data is available for this year.$2.40$2.39$0.00$7.85$7.92$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$1.53$0.07$7.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.42$0.00$4.74
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 23, 2025
Return Version
2024v5.2
Gross Receipts
$31,499,097
Mission and Program Overview

Mission

Based in syracuse, the centerstate corporation for economic opportunity is a twelve-county business leadership and economic development organization. A private, not-for-profit organization, centerstate ceo represents 2,000 members and serves as the region's primary economic, community and business development catalyst. Centerstate ceo works to achieve regional growth and total community prosperity through partnerships, planning and problem solving.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,509,401$18,708,072▲ $16,198,671
Investments Other Securities$8,180,138$8,195,752▲ $15,614
Pledges and Grants Receivable$3,170,151$5,353,168▲ $2,183,017
Savings and Temporary Cash Investments$15,213,787$4,067,811▼ $11,145,976
Cash and Non-Interest-Bearing Accounts$1,159,947$3,030,015▲ $1,870,068
Accounts Receivable$918,637$832,387▼ $86,250
Prepaid Expenses and Deferred Charges$234,829$160,754▼ $74,075
Other Notes and Loans Receivable, Net$125,000$101,464▼ $23,536
Intangible Assets$24,000$24,000→ $0
Total Assets$33,076,792$41,590,473▲ $8,513,681
Other Assets Total$1,540,902$1,117,050▼ $423,852
Liabilities
Deferred Revenue$16,562,581$8,763,328▼ $7,799,253
Other Liabilities$4,725,163$4,603,438▼ $121,725
Accounts Payable and Accrued Expenses$2,979,964$557,421▼ $2,422,543
Total Liabilities$24,267,708$13,924,187▼ $10,343,521
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,809,084$27,652,745▲ $18,843,661
Net Assets With Donor Restrictions-$13,541-
Total Net Assets Fund Balance$8,809,084$27,666,286▲ $18,857,202
Total Liabilities and Net Assets / Fund Balance$33,076,792$41,590,473▲ $8,513,681

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$18,629,372$350,535$18,979,907
Equipment$75,743$342,493$418,236
Leasehold Improvements$2,957$51,421$54,378
Other Securities$206,062--
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rob SimpsonPresidentFT$210,998$114,052$325,050
John LiddyVPFT$155,274$28,499$183,773
Juhanna RogersSVPFT$124,980$25,566$150,546
Andrew FishSVPFT$120,304$24,399$144,703
Benjamin SioSVPFT$110,704$32,904$143,608
Elle HannaSVPFT$119,486$23,762$143,248
Kevin SchwabVP Public Policy & GovernessFT$121,548$17,884$139,432
Andrea HahnnSVPFT$115,540$21,158$136,698
Aimee DurfeeVP of Workforce InnovationFT$104,828$19,765$124,593
Honora SpillaneVP of Economic DevelopmentPT$22,879$101,108$123,987
Christa GlazierVP of CommunicationsFT$103,793$16,559$120,352
Marian FrancherSenior Director of FinanceFT$104,828$12,964$117,792
Dominic RobinsonSVPFT$102,144$13,650$115,794
Susan PhillipsDirector of HrFT$100,262$12,808$113,070
Kelly FumarolaDirectorPT$53,432$45,103$98,535
Lori DietzSVPFT$92,376$5,021$97,397

Board Members and Trustees

NameTitle
David SchneckenburgerChair
Evelyn IngramVice Chair
Alberto BianchettiDirector
Alisa SalibraDirector
Aminy AudiDirector
Anne MessengerDirector
Ashley WhiteDirector
Bill PatrickDirector
Bo MachayoDirector
Brian BisaccioDirector
Brian ButlerDirector
Carl Austin JrDirector
Carolyn SturickDirector
Catherine JohnsonDirector
Cathie GridleyDirector
Charles GreenDirector
Christian RoderickDirector
Christopher DidioDirector
Darin PriceDirector
Darlene KerrDirector
Dave KavneyDirector
David CapriottiDirector
Dimitar KaraivanovDirector
Douglas PinckneyDirector
Erik SmithDirector
Gail CowleyDirector
Glendowlyn ThamesDirector
Gwen Webber-mcleodDirector
Hannah HenleyDirector
J Kemper MattDirector
J Michael HaynieDirector
James DowdDirector
James MccarthyDirector
James ReedDirector
Jay SubediDirector
Jeremy ThurstonDirector
Jo Anne GaglianoDirector
Joanie MahoneyDirector
Joanne RauchDirector
John ClarkDirector
John CurrierDirector
John HuhtalaDirector
John Sharkey IiiDirector
John T CampDirector
Kevin HairDirector
Kimberly TownsendDirector
Kristen NelsonDirector
Laurence BousquetDirector
Linda LemuraDirector
Luke EspositoDirector
M Kate RolfDirector
Mantosh DewanDirector
Mark SouthwickDirector
Meg TiddDirector
Melanie LittlejohnDirector
Meredith PriceDirector
Michael BackusDirector
Michael BrunnerDirector
Michael FalconeDirector
Michael HausladenDirector
Michael NashDirector
Nancy EatonDirector
Nathan AndrewsDirector
Nicholas DereszynskiDirector
Ofrona Reid MdDirector
Pam MurchisonDirector
Peter CarmenDirector
Peter O Nwosu PhdDirector
Rich BarletteDirector
Richard CordaroDirector
Richard Engel EsqDirector
Ronald BelleDirector
Ryan McintyreDirector
Savneet SinghDirector
Seth Kronenberg MdDirector
Shannon ReedyDirector
Somak ChattopadhyayDirector
Stephanie CrockettDirector
Stephen FournierDirector
Steve GorczynskiDirector
Thomas WuDirector
Tim KennedyDirector
Tim PenixDirector
Timothy MurphyDirector
Todd KlabenDirector
Tony BairdDirector
Tricia Peter-clarkDirector
Vicki BrackensDirector
Warren HiltonDirector
William SimmonsDirector
Anthony FioritoEx Officio
Sheena SolomonEx Officio
MARGARET O'CONNELLSecretary
Susan CrossettTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mckinsey & Company INC United StatesConsulting ServicesPO BOX 7247-7255, Philadelphia, PA 19170-7255$1,500,000
300 Block LLCRent1 WEBSTERS LANDING, Syracuse, NY 13202$307,581
Qpk DesignArchitecture450 SOUTH SALINA STREET PO BOX 29, Syracuse, NY 13201$260,760
Acc Technical ServicesComputer ConsultantsPO BOX2787, Syracuse, NY 13220$236,971
Braven Solutions LLCWorkforce Hub Consultant244 FIFTH AVENUE SUITE D285, New York, NY 10001$175,000
Revenue and Support

Revenue Composition

Contributions and Grants
$26,817,204
Program Service Revenue
$2,637,376
Investment Income
$-34,030
Other Revenue
$832,322
All Other Contributions
$784,795
Change in Net Assets
$15,767,608

Audited Revenue Reconciliation

Revenue per Audited Statements
$30,191,796
Revenue Not Reported on Financial Statements
$61,076
Revenue Not Reported on Form 990
$376,759
Other Revenue Adjustments
$28,236
Total Revenue per Audited Statements
$30,568,555
Total Revenue per Form 990
$30,252,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,437,619
Salaries, Compensation, and Employee Benefits$5,232,845
Grants and Similar Amounts Paid$814,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,577,360
Foreign Grants---$814,800
Current Officers, Directors, Trustees, and Key Employees---$697,590
Other Employee Benefits---$532,758
Payroll Taxes---$357,957
Office Expenses---$146,723
Information Technology---$132,709
Fees for Services Accounting---$102,335
Insurance---$101,345
Depreciation Depletion---$99,943
Conferences and Meetings---$96,592
Travel---$91,006
Advertising---$90,373
Fees for Services Legal---$77,195
Pension Plan Contributions---$67,180
Occupancy---$65,960
Fees for Services Other---$62,274
Other Expenses---$55,138
All Other Expenses---$53,034
Fees for Service Investment Mgmnt Fees---$32,840
Interest---$28,236
Total Functional Expenses$0$0$0$14,485,264

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,590,927
Total Expenses per Form 990$14,485,264
Expenses per Audited Statements$14,214,168
Expenses Not Reported on Form 990$376,759
Expenses Not Reported on Financial Statements$271,096
Other Expense Adjustments$238,256
International Activity

International Summary

Offices
0
Employees
0
Spending
$814,800

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram Activities Located in Region-00$814,800
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$96,899
Total Nondeductible Lobbying and Political Cost$96,899
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$3,107,898
Due to Affiliates$1,093,366
Deferred Compensation$270,285
Operating Lease Liabilities$122,354
Security Deposits$9,535
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has dues paying members”

Form 990, Part VI, Section A, Line 7A

“The board of directors has the power to elect new board members.”

Form 990, Part VI, Section B, Line 11B

“The form 990 will be reviewed by the senior management and the senior finance officer prior to filing.”

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

“Annual conflict of interest statements are reviewed by the board of directors.”

Form 990, Part VI, Section B, Line 15

“Compensation is reviewed by the executive committee and the compensation committee.”

Form 990, Part VI, Section C, Line 18

“Documents are made available at organization's main office.”

Form 990, Part VI, Section C, Line 19

“Documents are made available at organization's main office.”

Filing and Contact Details

Filer

Filer Name
Centerstate Corporation for Economic
EIN
27-2620882
Phone
3154701800
Address
115 WEST FAYETTE STREET, SYRACUSE, NY 13202

Signing Officer

Name
Ben Sio
Title
SVP
Phone
3154701800
Signed
2025-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Simpson
Formed
2010
Legal Domicile
Ny
Voting Board Members
95
Independent Board Members
94
Employees
63
Volunteers
94

Preparer

Firm
Fustcharles Llp
Address
220 S WARREN STREET, SYRACUSE, NY 13202
Preparer
Thomas J Giufre
Phone
3154463600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in equity of subsidiary 210,020. Net asset/equity transfers (to) from affiliates 2,761,302.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 376,759.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“INTEREST EXPENSE 28,236.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 376,759.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Change in equity subsidiary 210,020. Interest expense 28,236.”

Raw XML AppendixShowing 400 of 1,454 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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IRS990/ActivityOrMissionDesc0BASED IN SYRACUSE, THE CENTERSTATE CORPORATION FOR ECONOMIC OPPORTUNITY IS A TWELVE-COUNTY BUSINESS LEADERSHIP AND ECONOMIC DEVELOPMENT ORGANIZATION. A PRIVATE, NOT-FOR-PROFIT ORGANIZATION, CENTERSTATE CEO REPRESENTS 2,000 MEMBERS AND SERVES AS THE REGION'S PRIMARY ECONOMIC, COMMUNITY AND BUSINESS DEVELOPMENT CATALYST. CENTERSTATE CEO WORKS TO ACHIEVE REGIONAL GROWTH AND TOTAL COMMUNITY PROSPERITY THROUGH PARTNERSHIPS, PLANNING AND PROBLEM SOLVING.
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IRS990/Desc0BASED IN SYRACUSE, THE CENTERSTATE CORPORATION FOR ECONOMIC OPPORTUNITY IS A TWELVE-COUNTY BUSINESS LEADERSHIP AND ECONOMIC DEVELOPMENT ORGANIZATION. A PRIVATE, NOT-FOR-PROFIT ORGANIZATION, CENTERSTATE CEO REPRESENTS 2,000 MEMBERS AND SERVES AS THE REGION'S PRIMARY ECONOMIC, COMMUNITY AND BUSINESS DEVELOPMENT CATALYST. CENTERSTATE CEO WORKS TO ACHIEVE REGIONAL GROWTH AND TOTAL COMMUNITY PROSPERITY THROUGH PARTNERSHIPS, PLANNING AND PROBLEM SOLVING.
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