Scoped Inc
- Assets
- $5.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Watkins Glen, NY
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 22-2860153
Organization Overview
Scoped Inc is located in Watkins Glen, NY. The organization was established in 1989. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Scoped Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scoped Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Scoped Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $907.5k during the year ending 12/2021. While expenses have increased by 11.5% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHUYLER COUNTY PARTNERSHIP FOR ECONOMIC DEVELOPMENT'S MISSION IS TO LEVERAGE ITS COLLABORATION WITH PUBLIC AND PRIVATE PARTNERS TO FOSTER A VIBRANT AND DIVERSE RURAL ECONOMY AND WORKFORCE FOCUSED ON BUILDING HIGH VALUE-ADDED PRODUCTION BUSINESSES AND INNOVATION HUBS WHILE TAKING ADVANTAGE OF SCHUYLER COUNTY'S NATURAL AND CULTURAL ENVIRONMENT TO CREATE A PROSPEROUS COMMUNITY AND RAISE THE STANDARD OF LIVING FOR OUR RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED IN NEW BUSINESS DEVELOPMENT; ASSISTED IN JOB RETENTION; PROVIDED 3 LOANS FOR BUSINESS START UPS; COMPLETED THE PREMIUM BEVERAGE FACILITY IN THE BUSINESS PARK AND LOCATED A GROWING MICRO BEER PRODUCTION BUSINESS THERE; AND ATTRACTED A NEW COMPANY PRODUCING BIO-CHAR TO THE COUNTY; PROVIDED LEADERSHIP AND GRANT ADMINISTRATION FOR MORE THAN $13 MILLION IN GRANT FUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Mckinney Cherry Executive Director | Officer | 40 | $135,000 |
Jon Beckman President | OfficerTrustee | 2 | $0 |
Leslie Connolly Vice President | OfficerTrustee | 2 | $0 |
Lisa Ferrero Secretary | OfficerTrustee | 2 | $0 |
Rebecca Gould Treasurer | OfficerTrustee | 1 | $0 |
Ted Marks Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,620 |
| 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 | $46,620 |
| Total Program Service Revenue | $902,519 |
| Investment income | $1,966 |
| 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 | $1,087,105 |
| 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. | $148,334 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,489 |
| Pension plan accruals and contributions | $2,332 |
| Other employee benefits | $9,071 |
| Payroll taxes | $18,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,570 |
| Fees for services: Accounting | $10,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,278 |
| Advertising and promotion | $14,938 |
| Office expenses | $10,786 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,160 |
| Travel | $52 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,617 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,326 |
| Insurance | $12,895 |
| All other expenses | $8,809 |
| Total functional expenses | $907,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,693 |
| Savings and temporary cash investments | $1,072,951 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $230,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,050 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,946 |
| Net Land, buildings, and equipment | $3,692,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,065,969 |
| Accounts payable and accrued expenses | $219,524 |
| Grants payable | $0 |
| Deferred revenue | $18,150 |
| 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 | $1,655,960 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,893,634 |
| Net assets without donor restrictions | $2,527,670 |
| Net assets with donor restrictions | $644,665 |
| 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 | $5,065,969 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Scoped Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Watkins Glen Area Chamber Of Commerce Inc Watkins Glen, NY PURPOSE: TOURISM PROMOTION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Committee Of The Lehigh Valley Inc Bethlehem, PA | $24,914,072 | $40,517,893 |
Nyc & Company Inc New York, NY | $15,500,744 | $29,142,880 |
Real Estate Board Of New York Inc New York, NY | $13,608,943 | $14,285,773 |
Philadelphia Convention & Visitors Bureau Of The Chamber Of Commerce Philadelphia, PA | $21,636,489 | $20,955,897 |
The Chamber Of Commerce For Greater Philadelphia Philadelphia, PA | $17,253,411 | $11,743,354 |
United States Council For International Business New York, NY | $8,377,861 | $9,810,410 |
New Jersey Association Of Realtors Trenton, NJ | $35,262,029 | $9,547,353 |
Long Island Board Of Realtors Inc West Babylon, NY | $32,824,680 | $7,922,994 |
German American Chamber Of Commerce Inc New York, NY | $3,820,432 | $6,890,973 |
Buffalo Niagara Convention & Vistors Bureau Inc Buffalo, NY | $3,394,435 | $6,164,269 |
Lake Placid Chamber Of Commerce Inc Lake Placid, NY | $4,857,333 | $6,938,582 |
Economic Development Council Of Western Massachusetts Inc Springfield, MA | $1,229,213 | $5,047,431 |