Civic Intelligence

Schoharie Economic Enterprise Corporation

990 • Fiscal year 2020 • EIN 83-3511645

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 18, 2021

Organization Profileseecny.org
PO Box 1099Schoharie, NY 12157

(518) 517-1700

Siviq Scores

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

Liabilities / Assets

45th percentile

0.03x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

47th percentile

0.04x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

88th percentile

45%

Higher net margin than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$124,975

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 22.6% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

79th percentile

41%

Faster asset growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

25th percentile

-22%

Faster revenue growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$938,788

Up $270,655 (+41%) from 2019

Net Assets

Up

$914,679

Up $248,383 (+37%) from 2019

Liabilities

Up

$24,109

Up $22,272 (+1212%) from 2019

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin88th percentile

Revenue

Down

$552,931

Down $156,261 (-22%) from 2019

Expenses

Up

$304,548

Up $261,652 (+610%) from 2019

Net Income

Down

$248,383

Down $417,913 (-63%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2019: $668,133Liabilities 2019: $1,837Net Assets 2019: $666,2962019Assets 2020: $938,788Liabilities 2020: $24,109Net Assets 2020: $914,6792020Assets 2021: $1,282,462Liabilities 2021: $37,297Net Assets 2021: $1,245,1652021Assets 2022: $1,414,497Liabilities 2022: $255,733Net Assets 2022: $1,158,7642022Assets 2023: $1,266,957Liabilities 2023: $36,480Net Assets 2023: $1,230,4772023Assets 2024: $1,845,495Liabilities 2024: $193,890Net Assets 2024: $1,651,6052024

Highlighted filing

2020

Assets$938,788
Liabilities$24,109
Net Assets$914,679
Open 2020 Filing

Operations Trend

Revenue Growth25th percentile

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

$1.0M$500K$0-$500KRevenue 2019: $709,192Expenses 2019: $42,896Net Income 2019: $666,2962019Revenue 2020: $552,931Expenses 2020: $304,548Net Income 2020: $248,3832020Revenue 2021: $645,519Expenses 2021: $315,033Net Income 2021: $330,4862021Revenue 2022: $383,196Expenses 2022: $469,597Net Income 2022: -$86,4012022Revenue 2023: $496,573Expenses 2023: $424,860Net Income 2023: $71,7132023Revenue 2024: $894,105Expenses 2024: $472,977Net Income 2024: $421,1282024

Highlighted filing

2020

Revenue$552,931
Expenses$304,548
Net Income$248,383
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 18, 2021
Return Version
2020v4.0
Gross Receipts
$552,931
Mission and Program Overview

Mission

The Schoharie Economic Enterprise Corporation (SEEC), formed in 2019, is a not-for-profit organization dedicated to economic development in Schoharie County by promoting, fostering and encouraging the development of business enterprises to combat declines in the regions workforce, overall population, and median household income. SEEC is supported by donations from various business leaders.

Economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$50,149$529,931▲ $479,782
Savings and Temporary Cash Investments$250,414$331,263▲ $80,849
Cash and Non-Interest-Bearing Accounts$364,270$50,081▼ $314,189
Other Notes and Loans Receivable, Net-$25,000-
Prepaid Expenses and Deferred Charges$2,261$1,852▼ $409
Land, Buildings, and Equipment, Net$1,039$661▼ $378
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$668,133$938,788▲ $270,655
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,837$24,109▲ $22,272
Total Liabilities$1,837$24,109▲ $22,272
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$666,296$812,706▲ $146,410
Net Assets With Donor Restrictions-$101,973-
Total Net Assets Fund Balance$666,296$914,679▲ $248,383
Total Liabilities and Net Assets / Fund Balance$668,133$938,788▲ $270,655

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$661$472$1,133
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie PacatteExecutive DirectorFT$102,200$22,775$124,975

Board Members and Trustees

NameTitle
Thomas O PutnamExecutive Chair
James R BeckerBoard Director
Stephen a HarrisBoard Director
Peter J JohnsonSecretary
Eric H SteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$544,273
Program Service Revenue
$0
Investment Income
$8,658
Other Revenue
$0
All Other Contributions
$544,273
Change in Net Assets
$248,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$194,280
Other Expenses$110,268
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$87,892$14,308-$102,200
Other Salaries and Wages$45,012$7,328-$52,340
Pension Plan Contributions$11,544$1,879-$13,423
Other Employee Benefits$11,418$1,859-$13,277
Payroll Taxes$11,214$1,826-$13,040
Advertising$5,050$4,118-$9,168
Fees for Services Accounting-$7,250-$7,250
Office Expenses$4,229$688-$4,917
All Other Expenses$287$3,686-$3,973
Insurance-$3,044-$3,044
Other Expenses$1,290$210-$1,500
Fees for Services Legal$1,383--$1,383
Fees for Services Other$500$450-$950
Travel$61$487-$548
Depreciation Depletion$282$96-$378
Total Functional Expenses$254,845$49,703$0$304,548
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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, Line 11B: Form 990 Review Process

“The 990 is reviewed by the executive director, audit chair, and treasurer and provided to the board for review and comment before filing”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“By signing annual statements, SEEC performs a Conflict of Interest policy assessment by which each director may identify potential conflicts of interest, affirm receipt, understanding and agreement with the policy; and acknowledge the duty to disclose possible conflicts. The Board, and or its outside advisors, will also conduct periodic reviews of consistency with charitable purposes in which findings will be recoded in meeting minutes.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board, based on its general business knowledge and experience set the salary for the executive director”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents are provided as requested”

Filing and Contact Details

Filer

Filer Name
Schoharie Economic
EIN
83-3511645
Phone
5185171700
Address
PO BOX 1099, SCHOHARIE, NY 12157

Signing Officer

Name
Eric H Stein
Title
Treasurer
Signed
2021-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas O Putnam
Formed
2019
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
23

Preparer

Firm
Robert J Palmerino CPA
Address
79 NORTH PEARL ST, ALBANY, NY 12207
Preparer
Robert J Palmerino CPA
Phone
5184324930
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“SEEC has adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. SEEC believes that its income tax positions would be sustained under examination by taxing authorities. There are currently no examinations in progress.”

Raw XML AppendixShowing 400 of 419 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/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01837
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt024109
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Economic development
IRS990/AdvertisingGrp/ManagementAndGeneralAmt04118
IRS990/AdvertisingGrp/ProgramServicesAmt05050
IRS990/AdvertisingGrp/TotalAmt09168
IRS990/AllOtherContributionsAmt0544273
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03686
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0287
IRS990/AllOtherExpensesGrp/TotalAmt03973
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0JULIE PACATTE EXECUTIVE DIR
IRS990/BooksInCareOfDetail/PhoneNum05185171700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1099
IRS990/BooksInCareOfDetail/USAddress/CityNm0SCHOHARIE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012157
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0364270
IRS990/CashNonInterestBearingGrp/EOYAmt050081
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt014308
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt087892
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0102200
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0544273
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt08658
IRS990/CYOtherExpensesAmt0110268
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0248383
IRS990/CYSalariesCompEmpBnftPaidAmt0194280
IRS990/CYTotalExpensesAmt0304548
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0552931
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt096
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0282
IRS990/DepreciationDepletionGrp/TotalAmt0378
IRS990/Desc0Business retention and expansion (BR&E) - BR&E is programming intended to help focus the energies of community stakeholders on the economic assets that already exist in the County, making businesses stronger and more resilient over time. SEEC is identifying, designing, and implementing strategies that can help strengthen existing businesses and industries through its BR&E efforts.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0101973
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0178266
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07250
IRS990/FeesForServicesAccountingGrp/TotalAmt07250
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01383
IRS990/FeesForServicesLegalGrp/TotalAmt01383
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0450
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0500
IRS990/FeesForServicesOtherGrp/TotalAmt0950
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt022775
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0JULIE PACATTE
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS O PUTNAM
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIC H STEIN
IRS990/Form990PartVIISectionAGrp/PersonNm3PETER J JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES R BECKER
IRS990/Form990PartVIISectionAGrp/PersonNm5STEPHEN A HARRIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0102200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt051500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0552931
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt03044
IRS990/InsuranceGrp/TotalAmt03044
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt08658
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08658
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt050149
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0529931
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0472
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01039
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0661
IRS990/LandBldgEquipCostOrOtherBssAmt01133
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Schoharie Economic Enterprise Corporation (SEEC), formed in 2019, is a not-for-profit organization dedicated to economic development in Schoharie County by promoting, fostering and encouraging the development of business enterprises to combat declines in the regions workforce, overall population, and median household income. SEEC is supported by donations from various business leaders.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0666296
IRS990/NetAssetsOrFundBalancesEOYAmt0914679
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0666296
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0812706
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0688
IRS990/OfficeExpensesGrp/ProgramServicesAmt04229
IRS990/OfficeExpensesGrp/TotalAmt04917
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01859
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011418
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013277
IRS990/OtherExpensesGrp/Desc0RESLIENCY GRANTS
IRS990/OtherExpensesGrp/Desc1PUBLIC RELATIONS
IRS990/OtherExpensesGrp/Desc2PROGRAM CONTRACTUAL SERVICES
IRS990/OtherExpensesGrp/Desc3RELOCATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02474
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1210
IRS990/OtherExpensesGrp/ProgramServicesAmt051500
IRS990/OtherExpensesGrp/ProgramServicesAmt118765
IRS990/OtherExpensesGrp/ProgramServicesAmt24418
IRS990/OtherExpensesGrp/ProgramServicesAmt31290
IRS990/OtherExpensesGrp/TotalAmt051500
IRS990/OtherExpensesGrp/TotalAmt121239
IRS990/OtherExpensesGrp/TotalAmt24418
IRS990/OtherExpensesGrp/TotalAmt31500
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07328
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt045012
IRS990/OtherSalariesAndWagesGrp/TotalAmt052340
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt025000
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01826
IRS990/PayrollTaxesGrp/ProgramServicesAmt011214
IRS990/PayrollTaxesGrp/TotalAmt013040
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01879
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011544
IRS990/PensionPlanContributionsGrp/TotalAmt013423
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02261
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01852
IRS990/PrincipalOfficerNm0THOMAS O PUTNAM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Grant support - SEEC is focused on securing more capital resources to advance local economic and community development priorities. SEEC will work with businesses and municipal partners to identify, apply, and administer federal, state and local grants that may directly result in job creation and capital investment. SEEC is prequalified at the state and federal level as an approved grant administrator.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt053273
IRS990/ProgSrvcAccomActy3Grp/Desc0Forums - SEEC Prosperity Forums are cohosted by strategic alliances to cultivate common ground, generate creativity, discuss possibilities, find solutions, and mobilize investment in Schoharie County. SEEC hosts a series of Forums annually to advance economic and community vitality.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt023306
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0708629
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0563
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt015045
IRS990/PYRevenuesLessExpensesAmt0666296
IRS990/PYSalariesCompEmpBnftPaidAmt027851
IRS990/PYTotalExpensesAmt042896
IRS990/PYTotalRevenueAmt0709192
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0248383
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0250414
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0331263
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0544273
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0708629
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01252902
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08658
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0563
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09221
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt01252902
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0544273
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0708629
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01252902
IRS990ScheduleA/TotalSupportAmt01262123
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0661
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0472
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01133
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SEEC has adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. SEEC believes that its income tax positions would be sustained under examination by taxing authorities. There are currently no examinations in progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0661
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, AUDIT CHAIR, AND TREASURER AND PROVIDED TO THE BOARD FOR REVIEW AND COMMENT BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1By signing annual statements, SEEC performs a Conflict of Interest policy assessment by which each director may identify potential conflicts of interest, affirm receipt, understanding and agreement with the policy; and acknowledge the duty to disclose possible conflicts. The Board, and or its outside advisors, will also conduct periodic reviews of consistency with charitable purposes in which findings will be recoded in meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD, BASED ON ITS GENERAL BUSINESS KNOWLEDGE AND EXPERIENCE SET THE SALARY FOR THE EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE PROVIDED AS REQUESTED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0668133
IRS990/TotalAssetsEOYAmt0938788
IRS990/TotalAssetsGrp/BOYAmt0668133
IRS990/TotalAssetsGrp/EOYAmt0938788
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0544273
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049703
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0254845
IRS990/TotalFunctionalExpensesGrp/TotalAmt0304548
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01837
IRS990/TotalLiabilitiesEOYAmt024109
IRS990/TotalLiabilitiesGrp/BOYAmt01837
IRS990/TotalLiabilitiesGrp/EOYAmt024109
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0666296
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0914679
IRS990/TotalOtherCompensationAmt022775
IRS990/TotalProgramServiceExpensesAmt0254845
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0102200
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08658
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0552931
IRS990/TotalVolunteersCnt023
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0668133
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0938788
IRS990/TravelGrp/ManagementAndGeneralAmt0487
IRS990/TravelGrp/ProgramServicesAmt061
IRS990/TravelGrp/TotalAmt0548
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1099
IRS990/USAddress/CityNm0SCHOHARIE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012157
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0seecny.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC H STEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHOHARIE ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ENTERPRISE CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SCHO
ReturnHeader/Filer/EIN0833511645
ReturnHeader/Filer/PhoneNum05185171700
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1099

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
$938,788
Liabilities
$24,109
Net assets
$914,679
Revenue
$552,931
Expenses
$304,548
Net income
$248,383
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.19$1.65$0.89$0.47$0.42
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.04$1.23$0.50$0.42$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.26$1.16$0.38$0.47$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.04$1.25$0.65$0.32$0.33
2020Detailed filing. Detailed filing data is available for this year.$0.94$0.02$0.91$0.55$0.30$0.25
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.00$0.67$0.71$0.04$0.67