Civic Intelligence

Sherburne Area Local Development Corporation

990 • Fiscal year 2014 • EIN 90-0348340

Jan 01, 2014 to Dec 31, 2014 • Filed on May 07, 2015

Organization ProfileWWW.SHERBURNE.ORG/SALDC.PHP
Village Of SherburneSherburne, NY 13460

(607) 674-2300

Siviq Scores

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

Liabilities / Assets

89th percentile

0.80x

Higher debt load relative to assets than 89% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

11.86x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Asset Growth

13th percentile

-8.5%

Faster asset growth than 13% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

37th percentile

0.4%

Faster revenue growth than 37% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$2,335,846

Down $215,970 (-8.5%) from 2013

Net Assets

Up

$472,000

Up $157,204 (+50%) from 2013

Liabilities

Down

$1,863,846

Down $373,174 (-17%) from 2013

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin100th percentile

Revenue

Up

$157,204

Up $571 (+0.4%) from 2013

Expenses

Flat

$0

Flat from 2013

Net Income

Up

$157,204

Up $571 (+0.4%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $797,151Liabilities 2010: $809,270Net Assets 2010: -$12,1192010Assets 2011: $2,651,038Liabilities 2011: $2,675,817Net Assets 2011: -$24,7792011Assets 2012: $2,598,540Liabilities 2012: $2,440,377Net Assets 2012: $158,1632012Assets 2013: $2,551,816Liabilities 2013: $2,237,020Net Assets 2013: $314,7962013Assets 2014: $2,335,846Liabilities 2014: $1,863,846Net Assets 2014: $472,0002014Assets 2015: $2,289,256Liabilities 2015: $1,660,528Net Assets 2015: $628,7282015Assets 2016: $2,242,654Liabilities 2016: $1,457,626Net Assets 2016: $785,0282016Assets 2017: $2,240,685Liabilities 2017: $1,254,340Net Assets 2017: $986,3452017Assets 2018: $2,193,978Liabilities 2018: $1,051,022Net Assets 2018: $1,142,9562018Assets 2019: $2,147,204Liabilities 2019: $847,812Net Assets 2019: $1,299,3922019Assets 2020: $2,100,225Liabilities 2020: $644,260Net Assets 2020: $1,455,9652020Assets 2021: $2,055,336Liabilities 2021: $255,028Net Assets 2021: $1,800,3082021Assets 2022: $2,070,500Liabilities 2022: $259,677Net Assets 2022: $1,810,8232022Assets 2023: $2,089,247Liabilities 2023: $264,326Net Assets 2023: $1,824,9212023Assets 2024: $2,140,828Liabilities 2024: $268,975Net Assets 2024: $1,871,8532024

Highlighted filing

2014

Assets$2,335,846
Liabilities$1,863,846
Net Assets$472,000
Open 2014 Filing

Operations Trend

Revenue Growth37th percentile

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

$400K$300K$200K$100K$0Expenses 2010: $02010Expenses 2011: $02011Revenue 2012: $182,942Expenses 2012: $0Net Income 2012: $182,9422012Revenue 2013: $156,633Expenses 2013: $0Net Income 2013: $156,6332013Revenue 2014: $157,204Expenses 2014: $0Net Income 2014: $157,2042014Revenue 2015: $156,728Expenses 2015: $0Net Income 2015: $156,7282015Revenue 2016: $156,300Expenses 2016: $0Net Income 2016: $156,3002016Revenue 2017: $201,317Expenses 2017: $0Net Income 2017: $201,3172017Revenue 2018: $156,611Expenses 2018: $0Net Income 2018: $156,6112018Revenue 2019: $156,436Expenses 2019: $0Net Income 2019: $156,4362019Revenue 2020: $156,573Expenses 2020: $0Net Income 2020: $156,5732020Revenue 2021: $344,343Expenses 2021: $0Net Income 2021: $344,3432021Revenue 2022: $10,515Expenses 2022: $0Net Income 2022: $10,5152022Revenue 2023: $14,098Expenses 2023: $0Net Income 2023: $14,0982023Revenue 2024: $46,932Expenses 2024: $0Net Income 2024: $46,9322024

Highlighted filing

2014

Revenue$157,204
Expenses$0
Net Income$157,204
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 7, 2015
Return Version
2014v5.0
Gross Receipts
$262,359
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,303,603$2,262,494▼ $41,109
Cash and Non-Interest-Bearing Accounts$61,553$57,733▼ $3,820
Total Assets$2,551,816$2,335,846▼ $215,970
Other Assets Total$186,660$15,619▼ $171,041
Liabilities
Tax Exempt Bond Liabilities$1,246,100$1,094,800▼ $151,300
Other Liabilities$800,389$578,515▼ $221,874
Mortgage Notes Payable Secured by Investment Property$190,531$190,531→ $0
Total Liabilities$2,237,020$1,863,846▼ $373,174
Net Assets / Fund Balance
Temporarily Rstr Net Assets$866,972$977,163▲ $110,191
Unrestricted Net Assets$-552,176$-505,163▲ $47,013
Total Net Assets Fund Balance$314,796$472,000▲ $157,204
Total Liabilities and Net Assets / Fund Balance$2,551,816$2,335,846▼ $215,970

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,514,180$130,178$1,644,358
Land$748,314-$748,314
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
William AceeChairman
Christopher TomaselliDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$930
Other Revenue
$156,274
Change in Net Assets
$157,204

Audited Revenue Reconciliation

Revenue per Audited Statements
$157,204
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$105,155
Total Revenue per Audited Statements
$262,359
Total Revenue per Form 990
$157,204
Expenses and Functional Allocation

Major Expense Lines

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

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$105,155
Total Expenses per Audited Statements$105,155
Expenses Not Reported on Financial Statements$0
Expenses per Audited Statements$0
Total Expenses per 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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rental Income$546,561
Accrued Interest$31,954

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASherburne Area Ldc2011-06-30$1,700,000SEE SCHEDULE O

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$1,700,000--$34,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The 990 is reviewed by the board chairman.”

Form 990, Part VI, Section C, Line 19

“The organization's documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Sherburne Area Ldc Corporation
EIN
90-0348340
Phone
6076742300
Address
VILLAGE OF SHERBURNE, SHERBURNE, NY 13460

Signing Officer

Name
William Acee
Title
Chairman
Phone
6076742300
Signed
2015-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Acee
Formed
2008
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Saxbst Llp
Address
26 COMPUTER DRIVE WEST, ALBANY, NY 12205
Preparer
Todd P Teresco
Phone
5184596700
Supplemental Narrative

Additional Explanations

Form 990, Schedule K, Part I, Purpose of Issuing Tax Exempt Bonds.

“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.”

Financial Statement Notes

PART X, LINE 2:

“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.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 105,155.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 105,155.”

Raw XML Appendix348 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/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum06076742300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0VILLAGE OF SHERBURNE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SHERBURNE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd013460
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt061553
IRS990/CashNonInterestBearingGrp/EOYAmt057733
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0930
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt0156274
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0157204
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt00
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0157204
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0CONSTRUCTION OF A NEW UTILITY SERVICES BUILDING AND DEVELOPMENT OF LAND INTO A MULTI-USE BUSINESS PARK.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM ACEE
IRS990/Form990PartVIISectionAGrp/PersonNm1CHRISTOPHER TOMASELLI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0262359
IRS990/GrossRentsGrp/RealAmt0261429
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0930
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0930
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0130178
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02303603
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02262494
IRS990/LandBldgEquipCostOrOtherBssAmt02392672
IRS990/LegalDomicileStateCd0NY
IRS990/LessRentalExpensesGrp/RealAmt0105155
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0190531
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0190531
IRS990/NetAssetsOrFundBalancesBOYAmt0314796
IRS990/NetAssetsOrFundBalancesEOYAmt0472000
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0156274
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0156274
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0186660
IRS990/OtherAssetsTotalGrp/EOYAmt015619
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0800389
IRS990/OtherLiabilitiesGrp/EOYAmt0578515
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WILLIAM ACEE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0126
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt0156507
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0156633
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0156633
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0157204
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0156274
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0156001383
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0VILLAGE OF SHERBURNE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01514180
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0130178
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01644358
IRS990ScheduleD/ExpensesNotReportedAmt0105155
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0748314
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0748314
IRS990ScheduleD/OtherExpensesIncludedAmt0105155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031954
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1546561
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED RENTAL INCOME
IRS990ScheduleD/OtherRevenueAmt0105155
IRS990ScheduleD/RevenueNotReportedAmt0105155
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0157204
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES 105,155.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 105,155.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02262494
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt0578515
IRS990ScheduleD/TotalRevenuePerForm990Amt0157204
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0262359
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0105155
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02011-06-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0900348340
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt01700000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0SHERBURNE AREA LDC
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0SEE SCHEDULE O
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt01496000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0170000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt034000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt01700000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE BOARD CHAIRMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, SCHEDULE K, PART I, PURPOSE OF ISSUING TAX EXEMPT BONDS.
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt01246100
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt01094800
IRS990/TaxExemptBondsInd01
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0866972
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0977163
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02551816
IRS990/TotalAssetsEOYAmt02335846
IRS990/TotalAssetsGrp/BOYAmt02551816
IRS990/TotalAssetsGrp/EOYAmt02335846
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02237020
IRS990/TotalLiabilitiesEOYAmt01863846
IRS990/TotalLiabilitiesGrp/BOYAmt02237020
IRS990/TotalLiabilitiesGrp/EOYAmt01863846
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0314796
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0472000
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0930
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0156274
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0157204
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02551816
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02335846
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-552176
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-505163
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0VILLAGE OF SHERBURNE
IRS990/USAddress/CityNm0SHERBURNE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013460
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.SHERBURNE.ORG/SALDC.PHP
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM ACEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06076742300
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHERBURNE AREA LDC CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0900348340
ReturnHeader/Filer/PhoneNum06076742300
ReturnHeader/Filer/USAddress/AddressLine1Txt0VILLAGE OF SHERBURNE
ReturnHeader/Filer/USAddress/CityNm0SHERBURNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013460
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464001827
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SAXBST LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt026 COMPUTER DRIVE WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012205
ReturnHeader/PreparerPersonGrp/PhoneNum05184596700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TODD P TERESCO
ReturnHeader/ReturnTs02015-05-14T09:27:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,335,846
Liabilities
$1,863,846
Net assets
$472,000
Revenue
$157,204
Expenses
$0
Net income
$157,204
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.27$1.87$0.05$0.00$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.26$1.82$0.01$0.00$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.26$1.81$0.01$0.00$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.06$0.26$1.80$0.34$0.00$0.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.10$0.64$1.46$0.16$0.00$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.85$1.30$0.16$0.00$0.16
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$1.05$1.14$0.16$0.00$0.16
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.25$0.99$0.20$0.00$0.20
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.46$0.79$0.16$0.00$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.29$1.66$0.63$0.16$0.00$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.34$1.86$0.47$0.16$0.00$0.16
2013Detailed filing. Detailed filing data is available for this year.$2.55$2.24$0.31$0.16$0.00$0.16
2012Summary only. Only limited summary data is available for this year.$2.60$2.44$0.16$0.18$0.00$0.18
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.65$2.68$0.02$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.81$0.01$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits