Chautauqua Region Industrial Development Corporation

Organization Overview

Chautauqua Region Industrial Development Corporation is located in Jamestown, NY. The organization was established in 1991. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chautauqua Region Industrial 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, Chautauqua Region Industrial Development Corporation generated $301.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $369.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Chautauqua Region Industrial Development Corporation has awarded 12 individual grants totaling $606,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MAIN PURPOSE OF CHAUTAUQUA REGION ECONOMIC DEVELOPMENT CORPORATION IS TO PROMOTE JOB GROWTH IN THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY PURPOSE OF THE CHAUTAUQUA REGION ECONOMIC DEVELOPMENT CORPORATION IS TO RELIEVE AND REDUCE UNEMPLOYEMNT, MAINTAIN JOB OPPORTUNITIES, PROVIDE JOB TRAINING TO INDIVIDUALS, AND CARRY ON SCIENTIFIC RESEARCH FOR THE PURPOSE OF AIDING A COMMUNITY BY ATTRACTING NEW INDUSTRY TO THE AREA.


CHAUTAUQUA REGION ECONOMIC DEVELOPMENT CORPORATION PROVIDES ECONOMIC OPPORTUNITIES AND EMPLOYMENT POTENTIAL FOR THE CHAUTAUQUA COUNTY AREA RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Gary Henry
Secretary
$0
Dennis Rak
Vice Chairman
$0
Hans Auer
Treasurer
$0
Michael Metzger
Chairman
$0
Mark Geise
CEO
$0
Richard Dixon
CFO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $124,648
All other contributions, gifts, grants, and similar amounts not included above$168,551
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$293,199
Total Program Service Revenue$2,900
Investment income $2,992
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $301,591

Grants Awarded

Over the last fiscal year, Chautauqua Region Industrial Development Corporation has awarded $96,000 in support to 4 organizations.

Grant RecipientAmount

LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE

Org PageRecipient Profile

Erie, PA

PURPOSE: DONATION TO ASSIST WITH ORGANIZATIONS PROGRAMS

$66,000

MIKEY'S WAY DRIVE FOR DREAMS

Org PageRecipient Profile

Fairfield, CT

PURPOSE: DONATION TO ASSIST WITH FOUNDATIONS PROGRAMS

$10,000

PGA TOUR FIRST TEE FOUNDATION

Org PageRecipient Profile

Ponte Vedra Beach, FL

PURPOSE: DONATION TO ASSIST WITH FOUNDATIONS PROGRAMS

$10,000

JAMESTOWN CENTER CITY DEVELOPMENT CORPORATION

Org PageRecipient Profile

Jamestown, NY

PURPOSE: DONATION TO ASSIST WITH ORGANIZATIONS PROGRAMS

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Chautauqua Region Industrial Development Corporation has recieved totaling $255,000.

Awarding OrganizationAmount
Gebbie Foundation Inc

Jamestown, NY

PURPOSE: CHADAKOIN RIVER STRATEGIC BUSINESS PLAN

$115,000
Northern Chautauqua Community Foundation Inc

Dunkirk, NY

PURPOSE: COMMUNITY BENEFIT

$100,000
Gebbie Foundation Inc

Jamestown, NY

PURPOSE: CHADAKOIN RIVER STRATEGIC BUSINESS PLAN

$40,000
View Grant Recipient Profile

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