Civic Intelligence

Sherburne Area Local Development Corporation

990 • Fiscal year 2018 • EIN 90-0348340

Jan 01, 2018 to Dec 31, 2018 • Filed on May 09, 2019

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

75th percentile

0.48x

Higher debt load relative to assets than 75% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

6.71x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

78th percentile

$140,105

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 89.5% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

33rd percentile

-2.1%

Faster asset growth than 33% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-22%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$2,193,978

Down $46,707 (-2.1%) from 2017

Net Assets

Up

$1,142,956

Up $156,611 (+16%) from 2017

Liabilities

Down

$1,051,022

Down $203,318 (-16%) from 2017

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin100th percentile

Revenue

Down

$156,611

Down $44,706 (-22%) from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Down

$156,611

Down $44,706 (-22%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2018

Assets$2,193,978
Liabilities$1,051,022
Net Assets$1,142,956
Open 2018 Filing

Operations Trend

Revenue Growth10th 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

2018

Revenue$156,611
Expenses$0
Net Income$156,611
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 9, 2019
Return Version
2018v3.1
Gross Receipts
$235,412
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,184,167$2,143,058▼ $41,109
Savings and Temporary Cash Investments$43,799$39,241▼ $4,558
Intangible Assets$12,496$11,455▼ $1,041
Cash and Non-Interest-Bearing Accounts$223$224▲ $1
Total Assets$2,240,685$2,193,978▼ $46,707
Liabilities
Tax Exempt Bond Liabilities$640,900$489,600▼ $151,300
Deferred Revenue$377,008$320,341▼ $56,667
Other Liabilities$236,432$241,081▲ $4,649
Total Liabilities$1,254,340$1,051,022▼ $203,318
Net Assets / Fund Balance
Unrestricted Net Assets$986,345$1,142,956▲ $156,611
Total Net Assets Fund Balance$986,345$1,142,956▲ $156,611
Total Liabilities and Net Assets / Fund Balance$2,240,685$2,193,978▼ $46,707

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,349,744$294,614$1,644,358
Land$793,314-$793,314
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Travis DuboisCEO-$140,105$140,105
Ione RogersTreasurer/CFO-$104,760$104,760
William AceePresidentPT$9,000$9,000
Christopher TomaselliSecretary-$3,600$3,600

Board Members and Trustees

NameTitle
Richard KelloggDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$43
Other Revenue
$156,568
Change in Net Assets
$156,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$235,412
Revenue Not Reported on Financial Statements
$-78,801
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-78,801
Total Revenue per Audited Statements
$235,412
Total Revenue per Form 990
$156,611
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$78,801
Total Expenses per Audited Statements$78,801
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
Due to Village of Sherburne$190,531
Accrued Interest$50,550

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASherburne Area Ldc2011-06-30$1,700,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$1,700,000-$1,210,400$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 11B

“The 990 is reviewed by the president.”

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 Local Development
EIN
90-0348340
Phone
6076742300
Address
VILLAGE OF SHERBURNE, SHERBURNE, NY 13460

Signing Officer

Name
William Acee
Title
President
Phone
6076742300
Signed
2019-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Acee
Formed
2008
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Bst & Co Cpas Llp
Address
26 COMPUTER DRIVE WEST, ALBANY, NY 12205
Preparer
Judy a Cahee
Phone
5184596700
Supplemental Narrative

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 4B - OTHER ADJUSTMENTS:

“RENTAL EXPENSES -78,801.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 78,801.”

Raw XML AppendixShowing 400 of 413 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 SHERBURNE, 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/BusinessNameLine1Txt0IONE ROGERS TREASURERCFO
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/BOYAmt0223
IRS990/CashNonInterestBearingGrp/EOYAmt0224
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/CYInvestmentIncomeAmt043
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt0156568
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0156611
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt00
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0156611
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0377008
IRS990/DeferredRevenueGrp/EOYAmt0320341
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/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt331068
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt421455
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM ACEE
IRS990/Form990PartVIISectionAGrp/PersonNm1CHRISTOPHER TOMASELLI
IRS990/Form990PartVIISectionAGrp/PersonNm2RICHARD KELLOGG
IRS990/Form990PartVIISectionAGrp/PersonNm3TRAVIS DUBOIS
IRS990/Form990PartVIISectionAGrp/PersonNm4IONE ROGERS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt09000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3109037
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt483305
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER/CFO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0235412
IRS990/GrossRentsGrp/RealAmt0235369
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt012496
IRS990/IntangibleAssetsGrp/EOYAmt011455
IRS990/InvestmentIncomeGrp/ExclusionAmt043
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt043
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0294614
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02184167
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02143058
IRS990/LandBldgEquipCostOrOtherBssAmt02437672
IRS990/LegalDomicileStateCd0NY
IRS990/LessRentalExpensesGrp/RealAmt078801
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/NetAssetsOrFundBalancesBOYAmt0986345
IRS990/NetAssetsOrFundBalancesEOYAmt01142956
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0156568
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0156568
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0236432
IRS990/OtherLiabilitiesGrp/EOYAmt0241081
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WILLIAM ACEE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt045000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt045
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt0156272
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0201317
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0201317
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0156611
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0156568
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt043799
IRS990/SavingsAndTempCashInvstGrp/EOYAmt039241
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/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0156001383
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0VILLAGE OF SHERBURNE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01349744
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0294614
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01644358
IRS990ScheduleD/ExpensesNotReportedAmt078801
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0793314
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0793314
IRS990ScheduleD/OtherExpensesIncludedAmt078801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1190531
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO VILLAGE OF SHERBURNE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-78801
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-78801
IRS990ScheduleD/RevenueSubtotalAmt0235412
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 -78,801.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 78,801.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02143058
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt0241081
IRS990ScheduleD/TotalRevenuePerForm990Amt0156611
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0235412
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt078801
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE K, PART I, PURPOSE OF ISSUING TAX EXEMPT BONDS
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 PART VI
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/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt01496000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt034000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt01210400
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt01700000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0VILLAGE OF SHERBURNE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MUNICIPALITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt015 WEST STATE STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SHERBURNE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd013460
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0235369
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0VILLAGE OF SHERBURNE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt0640900
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt0489600
IRS990/TaxExemptBondsInd01
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02240685
IRS990/TotalAssetsEOYAmt02193978
IRS990/TotalAssetsGrp/BOYAmt02240685
IRS990/TotalAssetsGrp/EOYAmt02193978
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01254340
IRS990/TotalLiabilitiesEOYAmt01051022
IRS990/TotalLiabilitiesGrp/BOYAmt01254340
IRS990/TotalLiabilitiesGrp/EOYAmt01051022
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0986345
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01142956
IRS990/TotalOtherCompensationAmt052523
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt043
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0156568
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0156611
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02240685
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02193978
IRS990/TotReportableCompRltdOrgAmt0204942
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0986345
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01142956
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0VILLAGE OF SHERBURNE
IRS990/USAddress/CityNm0SHERBURNE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013460
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.SHERBURNE.ORG/SALDC.PHP
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM ACEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06076742300
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHERBURNE AREA LOCAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B92BCEB6D7FB6D9F82ECE12465050309FFA55F08
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.213.242.82
ReturnHeader/FilingSecurityInformation/IPDt02019-05-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:42:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141442607

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,193,978
Liabilities
$1,051,022
Net assets
$1,142,956
Revenue
$156,611
Expenses
$0
Net income
$156,611
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
2018Detailed filing. Detailed filing data is available for this year.$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
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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