Staten Island Economic Development Corporation

Organization Overview

Staten Island Economic Development Corporation is located in Staten Island, NY. The organization was established in 1994. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Staten Island Economic Development Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Staten Island Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Staten Island Economic Development Corporation generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE ORGANIZATION IS TO PLAN AND PROMOTE AND, IF NECESSARY, COORDINATE AND EXECUTE PROGRAMS IN STATEN ISLAND, NEW YORK TO ENHANCE THE QUALITY OF LIFE OF ITS RESIDENTS AND TO IMPROVE THE BUSINESS ENVIRONMENT AND EMPLOYMENT BASE OF STATEN ISLAND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE, COORDINATE AND EXECUTE PROGRAMS TO IMPROVE THE QUALITY OF LIFE AND BUSINESS ENVIRONMENT AND EMPLOYMENT BASE ON STATEN ISLAND.


STUDY, PLAN AND ASSIST THE PHYSICAL DEVELOPMENT OF THE BOROUGH.


TECHNICAL ASSISTANCE TO INDUSTRIAL BUSINESSES.


BUSINESS DEVELOPMENT SERVICES TO UNDERSERVED BUSINESSES ON STATEN ISLAND. ASSIST BUSINESS OWNERS WITH FINANCING, JOB TRAINING, AND NAVIGATING GOVERNEMNT AND TECHNOLOGY.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Cesar J Claro
President &
$267,943
Gina Gutman
Sr. Vice Pre
$145,093
Doris Vitiello
Comptroller
$73,277
Stanley M Friedman
Sr. Exec. Vi
$0
Ralph Branca
Chairman
$0
Robert P Moore
Exec. Vice C
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$546,809
Fundraising events$0
Related organizations$0
Government grants $1,142,694
All other contributions, gifts, grants, and similar amounts not included above$62,429
Noncash contributions included in lines 1a–1f $102
Total Revenue from Contributions, Gifts, Grants & Similar$1,751,932
Total Program Service Revenue$370,960
Investment income $1,433
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $121,162
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,245,487

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Staten Island Economic Development Corporation has recieved totaling $5,000.

Awarding OrganizationAmount
$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$176,764
Net Contributions$129,646
Other Expense$176,764
Ending Balance$129,646

Create an account to unlock the data you need.

or