Scoped Inc
- Assets
- $5.6m
- Revenue
- $2.1m
- Investments
- $84.8k
- Employees
- 4
- Location
- Watkins Glen, NY
- Founding
- 01/1989
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Scoped Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. 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
2023
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 5 LOANS FOR EXISTING AND START-UP BUSINESSES VALUED AT $125,000; PROVIDED LEADERSHIP AND PROGRAM ADMINISTRATION FOR THE COUNTY ARPA DOWNTOWN FACADE PROGRAM WITH A LEVERAGE OF $4.4 TO $1 OF PRIVATE TO PUBLIC INVESTMENT (16 PROJECTS TO DATE WITH $1,425,995 PRIVATE AND $319,495 OF PUBLIC FUNDS);COMPLETED 7 DOWTOWN REVITALIZATION PROJECTS LEADING TO A $513 TO $1 LEVERAGE OF PRIVATE INVESTMENT TO PUBLIC DOLLARS. THE ADDITIONAL ANNOUNCED INVESTMENTS TO BE MADE DUE TO THE INITIAL DRI FUNDING IS $55,735,000 WHICH WILL BRING THE ROI TO $2,307 TO $1, PRIVATE TO PUBLIC INVESTMENT. EARNED A $100,000 GRANT TO ASSIST THE COMMUNITY DEVELOPMENT COPRORATION IN FINISHING THE CO-WORKING SPACE; HOSTED THE CRAFT BEVERAGE SEMINAR LEADING TO 6 LOCAL BUSINESSES WINNING $267,780 IN GRANTS FOR EXPANSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Stamp Director | Trustee | 1 | $0 |
Beth Duane Director | Trustee | 1 | $0 |
Carl Blowers Vice President | OfficerTrustee | 2 | $0 |
Carl Taber Director | Trustee | 1 | $0 |
Chris Bond Director | Trustee | 1 | $0 |
Johanna Anderson Director (part Year) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,124 |
| 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 | $132,124 |
| Total Program Service Revenue | $1,882,902 |
| Investment income | $12,492 |
| 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 | $2,097,667 |
| 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. | $148,760 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,777 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,821 |
| Payroll taxes | $19,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,951 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,381 |
| Advertising and promotion | $15,350 |
| Office expenses | $16,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,484 |
| Travel | $7,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,458 |
| Interest | $52,116 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,147 |
| Insurance | $10,487 |
| All other expenses | $3,795 |
| Total functional expenses | $1,785,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,444 |
| Savings and temporary cash investments | $979,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,035 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $179,144 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,375 |
| Net Land, buildings, and equipment | $3,656,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $84,757 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $475,230 |
| Total assets | $5,646,585 |
| Accounts payable and accrued expenses | $31,655 |
| Grants payable | $0 |
| Deferred revenue | $33,625 |
| 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 | $921,370 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $487,480 |
| Total liabilities | $1,474,130 |
| Net assets without donor restrictions | $3,641,725 |
| Net assets with donor restrictions | $530,730 |
| 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 | $5,646,585 |