Sherburne Area Local Development Corporation
990 • Fiscal year 2012 • EIN 90-0348340
Scores are not available for this record yet.
Assets
Flat$2,598,540
Flat from 2012
Net Assets
Flat$158,163
Flat from 2012
Liabilities
Flat$2,440,377
Flat from 2012
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$0
Flat from 2012
Net Income
-
No earlier filing loaded for comparison.
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- May 8, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $307,693
Mission
The organization was formed as a direct supporting organization of the village of sherbure, new york. Its goal is to relieve and reduce unemployment by promoting and providing job opportunities in the village and surrounding communities.
Filer
- EIN
- 90-0348340
Raw XML Appendix329 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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|---|---|---|
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| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/ActivityOrMissionDescription | 0 | THE ORGANIZATION WAS FORMED AS A DIRECT SUPPORTING ORGANIZATION OF THE VILLAGE OF SHERBURNE, NEW YORK. ITS GOAL IS TO RELIEVE AND REDUCE UNEMPLOYMENT BY PROMOTING AND PROVIDING JOB OPPORTUNITIES IN THE VILLAGE AND SURROUNDING COMMUNITIES. |
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| IRS990/Description | 0 | CONSTRUCTION OF A NEW UTILITY SERVICES BUILDING AND DEVELOPMENT OF LAND INTO A MULTI-USE BUSINESS PARK. |
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| IRS990ScheduleA/SupportedOrgInformation/Name/BusinessNameLine1 | 0 | VILLAGE OF SHERBURNE |
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| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | THE CORPORATION IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE NEW YORK STATE LAW. ACCORDINGLY, NO PROVISIONS HAVE BEEN MADE FOR INCOME TAXES IN THESE FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS, INCLUDING THAT THE CORPORATION IS EXEMPT FROM TAXES AND NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME, AND CONCLUDED THAT THE CORPORATION HAD TAKEN NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN ITS FINANCIAL STATEMENTS. FORMS 990 FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. FORMS 990 FILED BY THE CORPORATION ARE NO LONGER SUBJECT TO EXAMINATION FOR THE YEAR ENDED DECEMBER 31,2009 AND PRIOR. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 1 | RENTAL EXPENSES 124,751. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 2 | RENTAL EXPENSES 124,751. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 2 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
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| IRS990ScheduleD/OtherAssets/BookValue | 1 | 170000 |
| IRS990ScheduleD/OtherAssets/Description | 0 | ORGANIZATIONAL COSTS, NET |
| IRS990ScheduleD/OtherAssets/Description | 1 | CASH HELD WITH FISCAL AGENT |
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| IRS990ScheduleD/OtherLiabilities/Amount | 2 | 170000 |
| IRS990ScheduleD/OtherLiabilities/Description | 0 | ACCRUED INTEREST |
| IRS990ScheduleD/OtherLiabilities/Description | 1 | DEFERRED RENTAL INCOME |
| IRS990ScheduleD/OtherLiabilities/Description | 2 | LOAN PAYABLE, VILLAGE OF SHERBURNE |
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| IRS990ScheduleK/Form990ScheduleKPartII/AmountInReserveFund | 0 | 170000 |
| IRS990ScheduleK/Form990ScheduleKPartII/BondReferenceCd | 0 | A |
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| IRS990ScheduleK/Form990ScheduleKPartII/FinalAllocationMade | 0 | 1 |
| IRS990ScheduleK/Form990ScheduleKPartII/IssuanceCostsFromProceeds | 0 | 34000 |
| IRS990ScheduleK/Form990ScheduleKPartI/IssuePrice | 0 | 1700000 |
| IRS990ScheduleK/Form990ScheduleKPartI/IssuerEIN | 0 | 900348340 |
| IRS990ScheduleK/Form990ScheduleKPartI/IssuerName/BusinessNameLine1 | 0 | SHERBURNE AREA LDC |
| IRS990ScheduleK/Form990ScheduleKPartII/TotalProceeds | 0 | 1700000 |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | THE 990 IS REVIEWED BY THE BOARD CHAIRMAN. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE ORGANIZATION'S DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | THE ACQUISITION OF CERTAIN LANDS LOCATED WITHIN THE SHERBURNE ELECTRIC BUSINESS PARK; THE PLANNING, DESIGN, AND CONSTRUCTION OF A 15,000 SQUARE FOOT FACILITY FOR LEASE TO THE VILLAGE AND USE BY THE VILLAGE'S ELECTRIC DEPARTMENT AND DEPARTMENT OF PUBLIC WORKS; ACQUISITION OF CERTAIN EQUIPMENT, MACHINERY, AND OTHER TANGIBLE PERSONAL PROPERTY, AND PAYING OF CERTAIN COSTS AND EXPENSES INCIDENTAL TO THE ISSUANCE OF THE BONDS. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | PURPOSE OF ISSUING TAX-EXEMPT BONDS |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, SCHEDULE K, PART I |
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| IRS990/StateLegalDomicile | 0 | NY |
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| IRS990/TotalNbrEmployees | 0 | 0 |
| IRS990/TotalNbrVolunteers | 0 | 0 |
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| IRS990/UponRequest | 0 | X |
| IRS990/WebSite | 0 | WWW.SHERBURNE.ORG/SALDC.PHP |
| IRS990/WhistleblowerPolicy | 0 | 0 |
| IRS990/YearFormation | 0 | 2008 |
| ReturnHeader/BuildTS | 0 | 2016-02-24 21:20:13Z |
| ReturnHeader/Filer/EIN | 0 | 900348340 |
| ReturnHeader/Filer/Name/BusinessNameLine1 | 0 | SHERBURNE AREA LDC CORPORATION |
| ReturnHeader/Filer/NameControl | 0 | SHER |
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| ReturnHeader/Filer/USAddress/State | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 13460 |
| ReturnHeader/Officer/AuthorizeThirdParty | 0 | 1 |
| ReturnHeader/Officer/DateSigned | 0 | 2013-05-08 |
| ReturnHeader/Officer/Name | 0 | WILLIAM ACEE |
| ReturnHeader/Officer/Phone | 0 | 6076742300 |
| ReturnHeader/Officer/Title | 0 | CHAIRMAN |
| ReturnHeader/PreparerFirm/EIN | 0 | 542076905 |
| ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1 | 0 | BST ADVISORS LLC |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1 | 0 | 26 COMPUTER DRIVE WEST |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City | 0 | ALBANY |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State | 0 | NY |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode | 0 | 12205 |
| ReturnHeader/Preparer/Name | 0 | KEVIN T MCGRATH |
| ReturnHeader/Preparer/Phone | 0 | 5184596700 |
| ReturnHeader/ReturnType | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDate | 0 | 2012-01-01 |
| ReturnHeader/TaxPeriodEndDate | 0 | 2012-12-31 |
| ReturnHeader/TaxYear | 0 | 2012 |
| ReturnHeader/Timestamp | 0 | 2013-05-14T13:41:41-05:00 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $2,598,540
- Liabilities
- $2,440,377
- Net assets
- $158,163
- Revenue
- -
- Expenses
- $0
- Net income
- -