Finger Lakes Regionaltelecommunications Development Corp
- Assets
- $4.5m
- Revenue
- $518.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Canandaigua, NY
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 20-4539370
Organization Overview
Finger Lakes Regionaltelecommunications Development Corp is located in Canandaigua, NY. The organization was established in 2007. According to its NTEE Classification (W19) the organization is classified as: Support N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finger Lakes Regionaltelecommunications Development Corp 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, Finger Lakes Regionaltelecommunications Development Corp generated $518.8k 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 (11.2%) each year. All expenses for the organization totaled $480.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE DEVELOPMENT AND OPERATION OF A MUNICIPAL BASED OPEN ACCESS FIBER OPTIC NETWORK WHICH WILL CREATE TECHNOLOGY-LED ECONOMIC DEVELOPMENT THROUGHOUT THE COUNTY WITHOUT BIAS TO GEOGRAPHIC LOCATION OR DEMOGRAPHIC PROFILE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TELECOMMUNICATION FIBER OPTIC INFRASTRUCTURE FOR THE PURPOSE OF AIDING THE FINGER LAKES REGION OF NEW YORK BY RETAINING AND ATTRACTING CURRENT AND PROSPECTIVE EMPLOYERS. THE FIBER OPTIC NETWORK CURRENTLY RUNS OVER 200 MILES.
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) | Role | Hours | Compensation |
|---|---|---|---|
John Sheppard Vice Chairman | OfficerTrustee | 1 | $0 |
Robert Seem Chairman | OfficerTrustee | 1 | $0 |
John Dorak Board Member | OfficerTrustee | 1 | $0 |
Andrew Wickham Treasurer | OfficerTrustee | 1 | $0 |
Don Culeton Secretary | OfficerTrustee | 1 | $0 |
Sean Barry CEO | Officer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ecc Technologies Consulting/managemen | 12/30/17 | $337,420 |
Syracuse Utilities Construction | 12/30/17 | $105,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $379,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,237 |
| Total Program Service Revenue | $0 |
| Investment income | $139,595 |
| 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 | $518,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $7,080 |
| Fees for services: Accounting | $14,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,114 |
| 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 | $248,279 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,977 |
| All other expenses | $0 |
| Total functional expenses | $480,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,908,038 |
| Savings and temporary cash investments | $0 |
| 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 | $330,982 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,516 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,252,270 |
| Total assets | $4,537,806 |
| Accounts payable and accrued expenses | $50,214 |
| 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 | $3,237,020 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,231,217 |
| Total liabilities | $5,518,451 |
| Net assets without donor restrictions | -$980,645 |
| Net assets with donor restrictions | $0 |
| 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 | $4,537,806 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Finger Lakes Regionaltelecommunications Development Corp has recieved totaling $10,089.
| Awarding Organization | Amount |
|---|---|
Nature Conservancy Arlington, VA PURPOSE: Conservation Activities | $10,089 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Financial Accounting Foundation Norwalk, CT | $105,965,089 | $61,650,481 |
Pennsylvania One Call System Inc West Mifflin, PA | $14,095,792 | $16,050,813 |
Lafp Orlando Inc Boston, MA | $80,676,734 | $6,086,314 |
Gi Go Fund Inc New Brunswick, NJ | $619,067 | $912,945 |
Independence Northwest Center For Independent Living Of Northwest Ct Naugatuck, CT | $489,040 | $1,240,641 |
Friends Of The Rochester Publicmarket Inc Rochester, NY | $247,257 | $1,203,595 |
Tin Can Sailors Inc Somerset, MA | $789,447 | $591,176 |
New York Institute Of Credit New York, NY | $264,595 | $454,938 |
Finger Lakes Regionaltelecommunications Development Corp Canandaigua, NY | $4,537,806 | $518,832 |
Yonkers Larkin Garage Inc New York, NY | $10,459,598 | $585,425 |
Project Home Again Andover, MA | $210,672 | $429,831 |
New York Legislative Service Inc New York, NY | $200,986 | $313,008 |