2024-08-28T15:00:33-05:00 2023-12-31 141555429 UHY ADVISORS NORTHEAST INC ONE HUDSON CITY CENTRE SUITE 204 HUDSON NY 12534 990 2023-01-01 141755710 COLUMBIA ECONOMIC DEVELOPMENT CORP COLU 5188284718 1 HUDSON CITY CENTRE SUITE 301 HUDSON NY 12534 F MICHAEL TUCKER PRESIDENT AND CEO 5188284718 2024-08-28 1 0 N THERESE WOLFE P00748483 5188281565 2024-08-28 2023 2024-08-08 14:25:15Z F MICHAEL TUCKER 1 HUDSON CITY CENTRE SUITE HUDSON NY 12534 1181402 0 X WWW.COLUMBIAEDC.COM X 1992 NY PROMOTING AND DEVELOPING THE INDUSTRY AND JOB DEVELOPMENT RATE IN THE COUNTY OF COLUMBIA, NEW YORK. 16 16 7 20 0 0 1019885 1015216 72160 85886 5795 40300 34000 40000 1131840 1181402 286361 80150 0 0 337175 565163 0 0 0 526037 520085 1149573 1165398 -17733 16004 4476822 4825253 1742306 2074733 2734516 2750520 X COLUMBIA ECONOMIC DEVELOPMENT CORPORATION IS THE LEAD ECONOMIC DEVELOPMENT ORGANIZATION FOR COLUMBIA COUNTY, NEW YORK. OUR MISSION IS TO STRENGTHEN THE AREA'S TAX BASE THROUGH ECONOMIC DEVELOPMENT AND JOB CREATION, TO ASSIST BUSINESSES TO LOCATE AND EXPAND WITHIN THE COUNTY, AND TO PROMOTE COLUMBIA COUNTY AS A PREMIERE SPOT FOR BOTH BUSINESS INVESTMENT AND PERSONAL OPPORTUNITY. 0 0 548701 80150 85886 DURING THE YEAR, $943,500 WAS LENT TO VARIOUS LOCAL BUSINESSES OFFSET BY $623,778 OF LOAN REPAYMENTS. PROGRAM EXPENSES INCLUDED PAYROLL EXPENSES FOR EMPLOYEES WORKING ON PROMOTING THE CORPORATION'S MISSION AND MEETING PROGRAM EXPECTATIONS, WHILE OTHER EXPENSES INCLUDED OFFICE AND MARKETING AND CONSULTING EXPENSES RELATED TO RUNNING THE PROGRAM. 548701 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 30 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X CATHY LYDEN 5188284718 1 HUDSON CITY CENTRE SUITE 301 HUDSON NY 12534 X DAVID FINGAR CHAIRMAN 5.00 X X 0 0 0 JAMES CALVIN VICE CHAIR 0.25 X X 0 0 0 SARAH STERLING SECRETARY 0.25 0.25 X X 0 0 0 TARAH GAY TREASURER 0.25 X X 0 0 0 RUTH ADAMS DIRECTOR 0.25 X 0 0 0 RICHARD CUMMINGS DIRECTOR 0.25 X 0 0 0 CARLEE RADER DRUMMER EX-OFFICIO MEMBER 0.25 X 0 0 0 DEREK GROUT DIRECTOR 0.25 X 0 0 0 RACHEL PUCKETT DIRECTOR 0.25 X 0 0 0 KENNETH LEGGETT DIRECTOR 0.25 X 0 0 0 CARMINE PIERRO EX-OFFICIO MEMBER 0.25 0.25 X 0 0 0 JUSTIN GOLDMAN DIRECTOR 0.25 X 0 0 0 RICHARD SCALERA EX-OFFICIO MEMBER 0.25 X 0 0 0 JOSEPH BENSON FORMER DIRECTOR 0.25 X 0 0 0 ANITA OTEY FORMER DIRECTOR 0.25 X 0 0 0 ANAND BALASAR FORMER DIRECTOR 0.25 X 0 0 0 MICHAEL S JOHNSTON DIRECTOR 0.25 X 0 0 0 RACHEL LEVINE DIRECTOR 0.25 X 0 0 0 BRYAN MAHONEY DIRECTOR 0.25 X 0 0 0 MICHAEL MOLINSKI DIRECTOR 0.25 X 0 0 0 RICK RECTOR DIRECTOR 0.25 X 0 0 0 SEAN SAWYER DIRECTOR 0.25 X 0 0 0 F MICHAEL TUCKER PRESIDENT & CEO 30.00 5.00 X 0 0 135667 0 0 135667 0 0 0 0 TUCKER STRATEGIES 54 STATE STREET- SUITE 804 ALBANY NY 12207 MANAGEMENT/CONSULT 135667 1 30086 963305 21825 1015216 LOAN INTEREST 900099 85886 85886 85886 40300 40300 ADMINISTRATIVE FEES 900099 40000 40000 40000 1181402 125886 0 40300 X 80150 80150 459137 229569 229568 65597 32799 32798 40429 20215 20214 9615 9615 41405 41405 153311 153311 27322 27322 104118 52059 52059 36598 36598 6737 6737 14935 14935 5339 5339 3798 3798 PROGRAM DELIVERY FEES 55998 55998 NEW INITIATIVES 31239 31239 BAD DEBT 25000 25000 MISCELLANEOUS 4670 4670 1165398 548701 616697 0 51330 172100 2015398 1479964 59224 69491 68402 78133 1787811 2572845 283323 41194 247468 242129 247189 210591 4476822 4825253 55591 43279 205601 474696 100000 63349 1381114 1493409 1742306 2074733 X 2067349 2108674 6458 -5718 660709 647564 2734516 2750520 4476822 4825253 16004 0 X X 0 1 X 1 1 1 X 650326 790941 755768 1019885 1015216 4232136 650326 790941 755768 1019885 1015216 4232136 4232136 27495 10854 3750 5795 40300 88194 42077 34000 44895 34000 40000 194972 4515302 0.93730 0.91930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 6807 0 0 6807 0 PART IIB, LINE 1G UNDER NYS LAW, "LOBBYING OR "LOBBYING ACTIVITIES" ON THE LOCAL LEVEL ARE DEFINED AS ANY ATTEMPT TO INFLUENCE THE PASSAGE OR DEFEAT ANY LOCAL LAW, ORDINANCE, RESOLUTION, OR REGULATION BY ANY MUNICIPALITY OR SUBDIVISION THEREOF OR ADOPTION OR REJECTION OF ANY RULE, REULATION, OR RESOLUTION HAVING THE FORCE AND EFFECT OF LOCAL LAW, ORDINANCE, RESOLUTION OR REGULATION OR ANY RATE MAKING PROCEEDING BY ANY MUNICIPALITY OR SUBDIVISION THEREOF. IN 2023, F. MICHAEL TUCKER, PRESIDENT OF TUCKER STRATEGIES, INC., UNDER CONTRACT WITH COLUMBIA ECONOMIC DEVELOPMENT, NEGOTIATED WITH AND APPEARED BEFORE THE COLUMBIA COUNTY BOARD OF SUPERVISORS IN CONNECTION WITH SECURING $710,150 OF COUNTY FUNDING. 232900 232900 50423 41194 9229 242129 LOANS PAYABLE 1161262 DEFERRED GRANT INCOME 98587 DEFERRED MEMBERSHIP INCOME 11222 LEASE LIABILITY 222338 1493409 X 1181402 0 1181402 0 1181402 1165398 0 1165398 0 1165398 PART X, LINE 2: THE CORPORATION HAS EVALUATED ANY UNCERTAIN TAX POSITIONS AND RELATED INCOME TAX CONTINGENCIES AND DETERMINED UNCERTAIN POSITIONS, IF ANY, ARE NOT MATERIAL TO THE FINANCIAL STATEMENTS, ACCORDING TO FASB ASC 740-10. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN OPERATING EXPENSES, IF INCURRED. NONE OF THE CORPORATION'S RETURNS ARE CURRENTLY UNDER EXAMINATION. 1 COLUMBIA COUNTY CHAMBER OF COMMERCE 1 N FRONT ST HUDSON NY 12534 141599033 65000 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. COLUMBIA COUNTY 401 STATE STREET HUDSON NY 12534 586000807 10150 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. F MICHAEL TUCKER MORE THAN 35% OWNER OF TUCKER STRATEGIES 135667 INDEPENDENT CONTRACTOR 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS MEMBERS WHO HAVE AUTHORITY TO APPOINT THE BOARD OF DIRECTORS. THE CORPORATION IS MANAGED BY ITS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION'S MEMBERS VOTE FOR EACH BOARD MEMBER. BOARD MEMBERS ELECT THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATION'S BOOKKEEPER AND PRESIDENT/CEO REVIEW THE 990 AND PROVIDE TO THE AUDIT/FINANCE COMMITTEE. THE AUDIT/FINANCE COMMITTEE REVIEWS AND APPROVES THE 990 AND PROPOSES TO THE FULL BOARD FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C DURING THE YEAR, THE PRESIDENT & CEO CONSISTENTLY INQUIRED FROM THE BOARD OF DIRECTORS ABOUT ANY POTENTIAL CONFLICTS OF INTEREST. ANY BOARD DIRECTOR WITH A CONFLICT OF INTEREST REGARDING ANY VOTING PERFORMED BY THE BOARD AT MEETINGS THROUGHOUT THE YEAR EXCUSED THEMSELVES BEFORE DISCUSSION AND VOTING TOOK PLACE. FORM 990, PART VI, SECTION B, LINE 15 THE CORPORATION HAS A REVIEW PROCESS IMPLEMENTED FOR APPROVAL OF KEY EMPLOYEES AND THE PRESIDENT AND CEO. THE PRESIDENT AND CEO PREPARES A BUDGET INCLUDING THE COMPENSATION FOR EACH OF THE EMPLOYEES. THE BOARD WILL THEN REVIEW THE BUDGET AND APPROVE IT. FORM 990, PART VI, SECTION C, LINE 18 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE AVAILABLE ON THE CORPORATION'S WEBSITE. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 150,999. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 150,999. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,312. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,312. FORM 990, PART XII, QUESTION 2C COLUMBIA ECONOMIC DEVELOPMENT CORPORATION HAS AN AUDIT COMMITTEE THAT ASSISTS THE BOARD IN FULFULLING ITS OVERSIGHT RESPONSIBILITIES WITH RESPECT TO THE FINANCIAL REPORTING PROCESS, THE AUDIT PROCESS, AND THE PROCESS FOR MONITORING COMPLIANCE WITH THE LAWS AND REGULATIONS. COLUMBIA COUNTY IDA 4303 ROUTE 9 HUDSON NY 12534 DEVELOPMENT NY N/A 0 COLUMBIA COUNTY 401 STATE STREET HUDSON NY 12534 GOVERNMENT NY N/A 0 COLUMBIA COUNTY CRC 4303 ROUTE 9 HUDSON NY 12534 FINANCING NY N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 COLUMBIA COUNTY C 710150 FMV COLUMBIA COUNTY IDA Q 12500 FMV COLUMBIA COUNTY CRC B 5000 FMV