Seneca County Economic Development Corporation

Organization Overview

Seneca County Economic Development Corporation, operating under the name Seneca County Edc, is located in Waterloo, NY. The organization was established in 2001. 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. Seneca County Edc 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, Seneca County Edc generated $7.9k 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 (23.7%) each year. All expenses for the organization totaled $80.5k during the year ending 12/2021. 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

PROMOTING EMPLOYMENT & ENCOURAGING DEVELOPMENT OF INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SENECA ARMY DEPOT REVITALIZATION, PROMOTING EMPLOYMENT, & ENCOURAGING DEVELOPMENT AND ATTRACTING NEW INDUSTRY TO THE TERRITORY.


THE RESPONSIBILITY FOR MANAGEMENT OF THE SAMPSON VETERANS MEMORIAL CEMETERY.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Kernan
CFO
$6,000
Steven Brusso
Chair
$0
Erica Paolicelli
Secretary & Treasurer - Thru Jan 2021
$0
Valerie Bassett
Chair - Thru Feb 2021
$0
Sarah Davis
Executive Director
$0
Thomas Kime
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,680
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,680
Total Program Service Revenue$6,094
Investment income $100
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 $7,874

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