Delaware County Local Development Corporation
- Assets
- $4.9m
- Revenue
- $524.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Delhi, NY
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 16-1576206
Organization Overview
Delaware County Local Development Corporation is located in Delhi, NY. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware County Local 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, Delaware County Local Development Corporation generated $524.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $78.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Delaware County Local Development Corporation has awarded 36 individual grants totaling $904,033. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE JOB CREATION THROUGH FINANCIAL AND OTHER ASSISTANCE TO SMALL BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NECESSARY RESOURCES AND TECHNICAL ASSISTANCE TO AID DELAWARE COUNTY IN ITS EFFORT TO PROMOTE JOB GROWTH THROUGH FINANCIAL AND OTHER FORMS OF ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Thomson Chairman | OfficerTrustee | 10 | $0 |
Scott White Vice Chairman | OfficerTrustee | 2 | $0 |
George Bergleitner Secretary | OfficerTrustee | 2 | $0 |
Bruce Dolph Treasurer | OfficerTrustee | 2 | $0 |
Glenn Nealis Executive Direc | Officer | 10 | $0 |
Andrew Matviak Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $338,049 |
| Noncash contributions included in lines 1a–1f | $338,049 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $388,049 |
| Total Program Service Revenue | $136,598 |
| Investment income | $97 |
| 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 | $524,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $401 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,513 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $77,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,878 |
| Savings and temporary cash investments | $977,467 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,475,601 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $407,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,868,946 |
| Accounts payable and accrued expenses | $72,314 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,718,447 |
| Total liabilities | $2,790,761 |
| Net assets without donor restrictions | $1,281,264 |
| Net assets with donor restrictions | $796,921 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,868,946 |
Grants Awarded
Over the last fiscal year, Delaware County Local Development Corporation has awarded $72,162 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COURIER PRINTING | | | $21,457 |
COURIER PRINTING | | | $21,457 |
MACS BREW TAVERN | | | $14,624 |
MACS BREW TAVERN | | | $14,624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Choose New Jersey Inc Newark, NJ | $7,145,867 | $9,053,939 |
Dauphin County Economic Development Corporation Harrisburg, PA | $8,424,591 | $10,449,757 |
Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc Bethlehem, PA | $58,069,128 | $6,233,285 |
Greater Pittsburgh Convention & Visitors Bureau Inc Pittsburgh, PA | $10,210,665 | $8,196,256 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Delaware Valley Industrial Resource Center Philadelphia, PA | $2,959,574 | $7,894,285 |
Elizabeth Development Company Of New Jersey Elizabeth, NJ | $19,921,454 | $5,978,138 |
Pa Irc Network Foundation Williamsport, PA | $229,668 | $6,193,798 |