Civic Intelligence

Jefferson County Local Development Corporation

990 • Fiscal year 2019 • EIN 37-1588512

Oct 01, 2018 to Sep 30, 2019 • Filed on Jan 15, 2020

800 Starbuck Ave No 800Watertown, NY 13601

(315) 782-5865

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$3,368,566

Down $367,890 (-9.8%) from 2018

Net Assets

Down

$3,239,215

Down $417,240 (-11%) from 2018

Liabilities

Up

$129,351

Up $49,350 (+62%) from 2018

Revenue And Expenses

Revenue

Up

$789,444

Up $305,009 (+63%) from 2018

Expenses

Up

$1,206,684

Up $226,740 (+23%) from 2018

Net Income

Up

-$417,240

Up $78,269 (+16%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $3,003,668Liabilities 2012: $3,526,212Net Assets 2012: -$522,5442012Assets 2013: $2,957,444Liabilities 2013: $10,456Net Assets 2013: $2,946,9882013Assets 2014: $4,271,070Liabilities 2014: $87,418Net Assets 2014: $4,183,6522014Assets 2015: $4,564,395Liabilities 2015: $90,491Net Assets 2015: $4,473,9042015Assets 2016: $4,711,022Liabilities 2016: $76,178Net Assets 2016: $4,634,8442016Assets 2017: $4,238,778Liabilities 2017: $86,814Net Assets 2017: $4,151,9642017Assets 2018: $3,736,456Liabilities 2018: $80,001Net Assets 2018: $3,656,4552018Assets 2019: $3,368,566Liabilities 2019: $129,351Net Assets 2019: $3,239,2152019Assets 2020: $3,430,162Liabilities 2020: $75,436Net Assets 2020: $3,354,7262020Assets 2021: $3,609,237Liabilities 2021: $63,823Net Assets 2021: $3,545,4142021Assets 2022: $5,612,112Liabilities 2022: $1,912,402Net Assets 2022: $3,699,7102022Assets 2023: $5,283,049Liabilities 2023: $2,296,632Net Assets 2023: $2,986,4172023Assets 2024: $4,401,562Liabilities 2024: $974,323Net Assets 2024: $3,427,2392024Assets 2025: $3,613,822Liabilities 2025: $774,860Net Assets 2025: $2,838,9622025

Highlighted filing

2019

Assets$3,368,566
Liabilities$129,351
Net Assets$3,239,215

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $199,8642012Revenue 2013: $72,347Expenses 2013: $59,727Net Income 2013: $12,6202013Revenue 2014: $1,750,607Expenses 2014: $1,439,117Net Income 2014: $311,4902014Revenue 2015: $1,353,881Expenses 2015: $1,063,629Net Income 2015: $290,2522015Revenue 2016: $1,195,925Expenses 2016: $1,034,985Net Income 2016: $160,9402016Revenue 2017: $502,570Expenses 2017: $985,450Net Income 2017: -$482,8802017Revenue 2018: $484,435Expenses 2018: $979,944Net Income 2018: -$495,5092018Revenue 2019: $789,444Expenses 2019: $1,206,684Net Income 2019: -$417,2402019Revenue 2020: $1,160,745Expenses 2020: $1,045,234Net Income 2020: $115,5112020Revenue 2021: $1,176,174Expenses 2021: $985,486Net Income 2021: $190,6882021Revenue 2022: $1,546,169Expenses 2022: $1,391,873Net Income 2022: $154,2962022Revenue 2023: $1,769,039Expenses 2023: $2,478,001Net Income 2023: -$708,9622023Revenue 2024: $2,554,928Expenses 2024: $2,178,195Net Income 2024: $376,7332024Revenue 2025: $605,169Expenses 2025: $1,133,971Net Income 2025: -$528,8022025

Highlighted filing

2019

Revenue$789,444
Expenses$1,206,684
Net Income-$417,240
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jan 15, 2020
Return Version
2018v3.1
Gross Receipts
$789,444
Mission and Program Overview

Mission

To advance the job opportunities, health, general prosperity and economic welfare of the people of the county.

To advance the job opportunities, health, general prosperity and economic welfare of the people of the county

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,495,730$2,531,996▲ $36,266
Other Notes and Loans Receivable, Net$1,149,145$669,515▼ $479,630
Cash and Non-Interest-Bearing Accounts$16,854$101,279▲ $84,425
Land, Buildings, and Equipment, Net$71,437$53,671▼ $17,766
Accounts Receivable-$9,410-
Prepaid Expenses and Deferred Charges$3,290$2,695▼ $595
Total Assets$3,736,456$3,368,566▼ $367,890
Liabilities
Deferred Revenue$35,279$76,294▲ $41,015
Accounts Payable and Accrued Expenses$44,722$53,057▲ $8,335
Total Liabilities$80,001$129,351▲ $49,350
Net Assets / Fund Balance
Unrestricted Net Assets$3,656,455$3,239,215▼ $417,240
Total Net Assets Fund Balance$3,656,455$3,239,215▼ $417,240
Total Liabilities and Net Assets / Fund Balance$3,736,456$3,368,566▼ $367,890

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$53,671$121,037-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Don AlexanderCEOFT$112,435$24,291$136,726
Lyle EatonCFOFT$67,365$10,593$77,958

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$440,920
Program Service Revenue
$339,850
Investment Income
$3,782
Other Revenue
$4,892
All Other Contributions
$12,000
Change in Net Assets
$-417,240

Audited Revenue Reconciliation

Revenue per Audited Statements
$789,444
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$789,444
Total Revenue per Form 990
$789,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$738,221
Other Expenses$468,463
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$236,796$108,399-$345,195
Current Officers, Directors, Trustees, and Key Employees$70,240$109,560-$179,800
Other Employee Benefits$63,477$69,369-$132,846
Occupancy$32,140$52,440-$84,580
Advertising$79,114--$79,114
Pension Plan Contributions$20,251$21,635-$41,886
Payroll Taxes$20,013$18,481-$38,494
Office Expenses$12,286$19,304-$31,590
Conferences and Meetings$22,721$2,370-$25,091
Depreciation Depletion$14,143$8,943-$23,086
Travel$7,342$6,744-$14,086
Fees for Services Accounting-$5,550-$5,550
Other Expenses$2,500$6,979-$2,500
Fees for Services Management-$2,175-$2,175
All Other Expenses$1,278$278-$1,556
Total Functional Expenses$765,019$441,665$0$1,206,684

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,206,684
Total Expenses per Audited Statements$1,206,684
Total Expenses per Form 990$1,206,684
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 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 1

THE PEOPLE OF THE COUNTY

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

Audited financial statements and form 990 are presented each year to the board of directors for review before being filed

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

MONITORED BY THE BOARD

Form 990, Part VI, Section B, Line 15

All compensation board approved

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Jefferson County Local Development
EIN
37-1588512
Phone
3157825865
Address
800 STARBUCK AVE NO 800, WATERTOWN, NY 13601

Signing Officer

Name
David Converse
Title
Chairman
Phone
3157825865
Signed
2020-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Converse
Formed
2009
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
0

Preparer

Firm
Bowers & Company Cpas Pllc
Address
1120 COMMERCE PARK DRIVE EAST, WATERTOWN, NY 13601
Preparer
Elizabeth a Bush
Phone
3157887690
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's process for assuming responsibility for oversight of the audit has not changed from the prior year

Financial Statement Notes

PART X, LINE 2:

The organization's form 990, return of organization exempt from income tax, for the years ended 2017, 2016, and 2015 are subject to examination by the irs, generally for 3 years after they were filed. Based on its analysis, the organization determined that there were no uncertain tax positions and that the organization should prevail upon examination by the taxing authorities.

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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt020251
IRS990/PensionPlanContributionsGrp/TotalAmt041886
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03290
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02695
IRS990/PrincipalOfficerNm0DAVID CONVERSE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATIVE FEES
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0298512
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt141338
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0298512
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt141338
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0422269
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04185
IRS990/PYOtherExpensesAmt0265391
IRS990/PYOtherRevenueAmt05681
IRS990/PYProgramServiceRevenueAmt052300
IRS990/PYRevenuesLessExpensesAmt0-495509
IRS990/PYSalariesCompEmpBnftPaidAmt0714553
IRS990/PYTotalExpensesAmt0979944
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0484435
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-417240
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0344742
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02495730
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02531996
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0440920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0422269
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0431996
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0521815
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0455587
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02272587
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt045120
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt056485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt069692
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt074110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt072660
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0318067
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87720
IRS990ScheduleA/PublicSupportPY170Pct00.89420
IRS990ScheduleA/PublicSupportTotal170Amt02272587
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0440920
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0422269
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0431996
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0521815
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0455587
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02272587
IRS990ScheduleA/TotalSupportAmt02590654
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt053671
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0121037
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0174708
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01206684
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0789444
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDED 2017, 2016, AND 2015 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR 3 YEARS AFTER THEY WERE FILED. BASED ON ITS ANALYSIS, THE ORGANIZATION DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AND THAT THE ORGANIZATION SHOULD PREVAIL UPON EXAMINATION BY THE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt053671
IRS990ScheduleD/TotalExpensesPerForm990Amt01206684
IRS990ScheduleD/TotalRevenuePerForm990Amt0789444
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0789444
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01206684
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PEOPLE OF THE COUNTY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE PRESENTED EACH YEAR TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE BEING FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORED BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL COMPENSATION BOARD APPROVED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03736456
IRS990/TotalAssetsEOYAmt03368566
IRS990/TotalAssetsGrp/BOYAmt03736456
IRS990/TotalAssetsGrp/EOYAmt03368566
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0440920
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0441665
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0765019
IRS990/TotalFunctionalExpensesGrp/TotalAmt01206684
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt080001
IRS990/TotalLiabilitiesEOYAmt0129351
IRS990/TotalLiabilitiesGrp/BOYAmt080001
IRS990/TotalLiabilitiesGrp/EOYAmt0129351
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03656455
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03239215
IRS990/TotalOtherCompensationAmt034884
IRS990/TotalProgramServiceExpensesAmt0765019
IRS990/TotalProgramServiceRevenueAmt0339850

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.61$0.77$2.84$0.61$1.13$0.53
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$0.97$3.43$2.55$2.18$0.38
2023Detailed filing. Detailed filing data is available for this year.$5.28$2.30$2.99$1.77$2.48$0.71
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.61$1.91$3.70$1.55$1.39$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$0.06$3.55$1.18$0.99$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.08$3.35$1.16$1.05$0.12
2019Detailed filing. Detailed filing data is available for this year.$3.37$0.13$3.24$0.79$1.21$0.42
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$0.08$3.66$0.48$0.98$0.50
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.24$0.09$4.15$0.50$0.99$0.48
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.71$0.08$4.63$1.20$1.03$0.16
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.56$0.09$4.47$1.35$1.06$0.29
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.27$0.09$4.18$1.75$1.44$0.31
2013Summary only. Only limited summary data is available for this year.$2.96$0.01$2.95$0.07$0.06$0.01
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.00$3.53$0.52$0.20
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $1M-$5M nonprofits