2024-05-13T07:44:04-05:00 2023-12-31 264298079 EFPR GROUP CPAS PLLC 100 SOUTH CLINTON AVE SUITE 1500 ROCHESTER NY 14604 990 2023-01-01 161245812 STEUBEN AREA ECONOMIC DEVELOPMENT CORP STEU 6077763316 7234 STATE ROUTE 54 BATH NY 14810 MARK ALGER CHAIRMAN 6077763316 2024-04-30 1 MARK ALGER 999009999 1 CHRISTOPHER JOHNSTON P00896198 5854278900 2024-04-30 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z MARK ALGER 7234 STATE ROUTE 54 BATH NY 14810 787 0 X N/A X 1984 NY THE PURPOSE OF THE STEUBEN AREA ECONOMIC DEVELOPMENT CORPORATION IS TO PROMOTE THE GENERAL WELFARE OF THE RESIDENTS OF STEUBEN COUNTY, LESSEN THE BURDEN TO GOVERNMENT ENTITIES, AID IN RELIEVING AND REDUCING ADULT UNEMPLOYMENT, AND ACT OTHERWISE IN THE PUBLIC INTEREST.THE CORPORATION'S GOAL IS TO STIMULATE THE ECONOMY AND IMPROVE THE QUALITY OF LIFE IN STEUBEN COUNTY BY STRENGTHENING THE WORKFORCE, CREATING JOBS, ENCOURAGING AND LEVERAGING INVESTMENT IN THE COUNTY'S ECONOMIC DEVELOPMENT INFRASTRUCTURE, AND INCREASING THE TAX BASE.THE CORPORATION WILL ASSIST AND PARTICIPATE IN THE PLANNING, FUNDING, AND DEVELOPMENT OF SITES, BUILDINGS, INFRASTRUCTURE, AND OTHER PROGRAMS AND ACTIVITIES NECESSARY TO STIMULATE ECONOMIC DEVELOPMENT ACTIVITIES, ATTRACT NEW BUSINESSES, AND EXPAND AND DEVELOP EXISTING BUSINESSES. IT ALSO WILL INSTRUCT OR TRAIN INDIVIDUALS TO IMPROVE OR DEVELOP THEIR CAPACITY FOR EMPLOYMENT, CARRY ON RESEARCH, AND OWN AND DEVELOP PROPERTY AND OTHER ASSETS. 7 7 0 0 0 0 0 0 0 0 147 787 0 0 147 787 0 0 0 0 0 0 0 0 0 6848 8701 6848 8701 -6701 -7914 237723 229809 0 0 237723 229809 X THE PURPOSE OF THE STEUBEN AREA ECONOMIC DEVELOPMENT CORPORATION IS TO PROMOTE THE GENERAL WELFARE OF THE RESIDENTS OF STEUBEN COUNTY, LESSEN THE BURDEN TO GOVERNMENT ENTITIES, AID IN RELIEVING AND REDUCING ADULT UNEMPLOYMENT, AND ACT OTHERWISE IN THE PUBLIC INTEREST.THE CORPORATION'S GOAL IS TO STIMULATE THE ECONOMY AND IMPROVE THE QUALITY OF LIFE IN STEUBEN COUNTY BY STRENGTHENING THE WORKFORCE, CREATING JOBS, ENCOURAGING AND LEVERAGING INVESTMENT IN THE COUNTY'S ECONOMIC DEVELOPMENT INFRASTRUCTURE, AND INCREASING THE TAX BASE.THE CORPORATION WILL ASSIST AND PARTICIPATE IN THE PLANNING, FUNDING, AND DEVELOPMENT OF SITES, BUILDINGS, INFRASTRUCTURE, AND OTHER PROGRAMS AND ACTIVITIES NECESSARY TO STIMULATE ECONOMIC DEVELOPMENT ACTIVITIES, ATTRACT NEW BUSINESSES, AND EXPAND AND DEVELOP EXISTING BUSINESSES. IT ALSO WILL INSTRUCT OR TRAIN INDIVIDUALS TO IMPROVE OR DEVELOP THEIR CAPACITY FOR EMPLOYMENT, CARRY ON RESEARCH, AND OWN AND DEVELOP PROPERTY AND OTHER ASSETS. 0 0 3600 THE CORPORATION IS ORGANIZED TO PROMOTE THE ECONOMIC WELFARE OF INHABITANTS OF STEUBEN COUNTY, NY AND TO ACTIVELY PROMOTE, ATTRACT, ENCOURAGE, AND DEVELOP ECONOMICALLY SOUND COMMERCE AND INDUSTRY BY ENHANCING JOB OPPORTUNITIES. 3600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X X THE BOARD OF DIRECTORS 6077763316 7234 STATE ROUTE 54 BATH NY 14810 X MARK ALGER CHAIRMAN 0.30 X X 0 0 0 SCOTT VANETTEN VICE CHAIRMAN 0.30 X X 0 0 0 DEAN STROBEL SECRETARY 0.30 X X 0 0 0 ANTHONY RUSSO TREASURER 0.30 X X 0 0 0 CHRISTINE SHARKEY MEMBER 0.30 X 0 0 0 MIKE DAVIDSON MEMBER 0.30 X 0 0 0 MICHELLE CAULFIELD MEMBER 0.30 X 0 0 0 0 0 0 0 0 0 0 0 787 787 787 0 0 787 1750 1750 1200 1200 401 401 PROGRAM EXPENSE 3600 3600 MISCELLANEOUS EXPENSE 1500 1500 WEBSITE 250 250 8701 3600 5101 0 139143 130442 98580 99367 237723 229809 0 0 X 237723 229809 237723 229809 237723 229809 -7914 0 X X 0 1 X 1 0 0 X 787 0 787 0 787 8701 0 8701 0 8701 PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM INCOME TAX UNDER NEW YORK STATE ARTICLE 14 AS A LOCAL DEVELOPMENT CORPORATION. ACCORDINGLY, NO PROVISON FOR TAXES HAS BEEN MADE. IN ACCORDANCE WITH ASC 740-10-50, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE CORPORATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT THE CORPORATION IS CURRENTLY OPERATING IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE AND THEREFORE, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS HAS BEEN INCLUDED IN THE CORPORATION'S FINANCIAL STATEMENTS. THE EXEMPT CORPORATION'S INFORMATIONAL RETURNS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM WILL BE REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AND THEN PRESENTED TO THE FULL BOARD AT A REGULARLY SCHEDULED MONTHLY MEETING. FORM 990, PART VI, SECTION B, LINE 12C PER THE CORPORATION CONFLICT OF INTEREST POLICY, ALL DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICT THEY MAY HAVE AT THE TIME THE CONFLICT ARISES. ANNUALLY, THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST POLICY WITH LEGAL COUNCIL, AND THE BOARD RATIFIES THE POLICY. AT THE TIME OF THE REVIEW, BOARD MEMBERS ARE EXPECTED TO COMPLY AND ANNOUNCE ANY CONFLICT PER THE NEWLY RATIFIED POLICY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR. STEUBEN COUNTY INDUSTRIAL DEVELOPMENT AGENCY 7234 ROUTE 54 BATH NY 14810 161006405 PUBLIC BENEFIT CORPORATION NY PUBLIC BENEFIT CORPO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0