Civic Intelligence

Tompkins County Area Development Foundation Inc.

990EZ • Fiscal year 2022 • EIN 46-1547375

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 30, 2023

119 East Seneca Street 200Ithaca, NY 14850

(607) 273-0005

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Net Margin

51st percentile

6.1%

Higher net margin than 51% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Asset Growth

2nd percentile

-91%

Faster asset growth than 2% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

14th percentile

-41%

Faster revenue growth than 14% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$9,222

Down $88,277 (-91%) from 2021

Net Assets

Down

$9,222

Down $54,435 (-86%) from 2021

Liabilities

Down

$0

Down $33,842 (-100%) from 2021

Revenue

Down

$57,500

Down $39,735 (-41%) from 2021

Expenses

Down

$54,000

Down $9,950 (-16%) from 2021

Net Income

Down

$3,500

Down $29,785 (-89%) from 2021

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2020: $70,124Liabilities 2020: $39,752Net Assets 2020: $30,3722020Assets 2021: $97,499Liabilities 2021: $33,842Net Assets 2021: $63,6572021Assets 2022: $9,222Liabilities 2022: $0Net Assets 2022: $9,2222022Assets 2023: $9,224Liabilities 2023: $0Net Assets 2023: $9,2242023Assets 2024: $1,724Liabilities 2024: $0Net Assets 2024: $1,7242024

Highlighted filing

2022

Assets$9,222
Liabilities$0
Net Assets$9,222

Operations Trend

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

$100K$50K$0-$50KRevenue 2020: $51,022Expenses 2020: $65,631Net Income 2020: -$14,6092020Revenue 2021: $97,235Expenses 2021: $63,950Net Income 2021: $33,2852021Revenue 2022: $57,500Expenses 2022: $54,000Net Income 2022: $3,5002022Revenue 2023: $24,002Expenses 2023: $24,000Net Income 2023: $22023Revenue 2024: $0Expenses 2024: $7,500Net Income 2024: -$7,5002024

Highlighted filing

2022

Revenue$57,500
Expenses$54,000
Net Income$3,500
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 30, 2023
Return Version
2022v5.0
Gross Receipts
$57,500
Mission and Program Overview

Mission

The tompkins county area development foundation, inc. Was formed to preserve and develop the economic, social, and cultural climate of tompkins county.

Program Services

DescriptionGrantsExpenses
THE TOMPKINS COUNTY AREA DEVELOPMENT FOUNDATION, INC. WAS FORMED TO PRESERVE AND DEVELOP THE ECONOMIC, SOCIAL, AND CULTURAL CLIMATE OF TOMPKINS COUNTY.$53,962$53,962
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CATHY HARTVice Chair-$0--
CHRIS MALCOMDirector-$0--
LAURA LEWISDirector-$0--
LARRY BAUMPast Chair-$0--
GREGORY GALVINChair-$0--
JEFF GORSKYTreasurer-$0--
MARY OPPERMANSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Tompkins County Area Development
EIN
46-1547375
Phone
6072730005
Address
119 EAST SENECA STREET 200, ITHACA, NY 14850

Signing Officer

Name
Gregory Galvin
Title
Chair
Phone
6072730005
Signed
2023-10-30
Discuss with paid preparer
Yes

Preparer

Firm
Insero & Co Cpas Llp
Address
20 THORNWOOD DRIVE, ITHACA, NY 14850
Preparer
Evan P Cleveland
Phone
6072724444
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: . Grantee name: cornell cooperative extension of tompkins county. Grantee address: 615 willow avenue ithaca, ny 14850. Property description: cash. Amount given: 3,962.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: . Grantee name: point broadband fiber holding. Grantee address: 1791 o.g. Skinner dr ste a west point, ga 31833. Property description: cash. Amount given: 50,000. Total included on form 990-ez, line 10: 53,962.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: miscellaneous. Amount: 38.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: restatement of prior year grants. Amount: -57,935.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 33,842. End of year amount: 0.

Raw XML Appendix182 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CATHY HART
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHRIS MALCOM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LAURA LEWIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3LARRY BAUM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4GREGORY GALVIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JEFF GORSKY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6MARY OPPERMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3PAST CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt0-57935
IRS990EZ/OtherExpensesTotalAmt038
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE TOMPKINS COUNTY AREA DEVELOPMENT FOUNDATION, INC. WAS FORMED TO PRESERVE AND DEVELOP THE ECONOMIC, SOCIAL, AND CULTURAL CLIMATE OF TOMPKINS COUNTY.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt053962
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0311876
IRS990ScheduleA/TotalSupportAmt0311882
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: . GRANTEE NAME: CORNELL COOPERATIVE EXTENSION OF TOMPKINS COUNTY. GRANTEE ADDRESS: 615 WILLOW AVENUE ITHACA, NY 14850. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 3,962.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: . GRANTEE NAME: POINT BROADBAND FIBER HOLDING. GRANTEE ADDRESS: 1791 O.G. SKINNER DR STE A WEST POINT, GA 31833. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 50,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 53,962.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: MISCELLANEOUS. AMOUNT: 38.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: RESTATEMENT OF PRIOR YEAR GRANTS. AMOUNT: -57,935.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 33,842. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY GALVIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06072730005
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TOMPKINS COUNTY AREA DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0TOMP
ReturnHeader/Filer/EIN0461547375
ReturnHeader/Filer/PhoneNum06072730005
ReturnHeader/Filer/USAddress/AddressLine1Txt0119 EAST SENECA STREET 200
ReturnHeader/Filer/USAddress/CityNm0ITHACA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014850
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475324570
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0INSERO & CO CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020 THORNWOOD DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ITHACA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014850
ReturnHeader/PreparerPersonGrp/PhoneNum06072724444
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EVAN P CLEVELAND
ReturnHeader/ReturnTs02023-11-01T09:40:27-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREGORY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GALVIN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits