2024-11-15T11:25:17-06:00 2023-12-31 141555429 UHY ADVISORS NORTHEAST INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2023-01-01 222880333 CENTER FOR ECONOMIC GROWTH INC CENT 5184311416 5 COMPUTER DR S ALBANY NY 12205 MARK N EAGAN PRESIDENT & CEO 5184311416 2024-11-14 1 1 F MICHAEL ZOVISTOSKI P00547760 5184493166 2024-11-07 2023 2024-10-15 13:58:12Z MARK N EAGAN 5 COMPUTER DR S ALBANY NY 12205 1318359 0 X WWW.CEG.ORG X 1987 NY TECHNICAL SERVICES GROUP ASSISTS REGIONAL TECHNOLOGY AND MANUFACTURING COMPANIES IN THE CREATION AND RETENTION OF JOBS, INCREASE SALES AND EXPAND CAPITAL INVESTMENT. VENTURE INITIATIVES PROVIDES CAPTIAL TO REGIONAL TECHNOLOGY COMPANIES BY CONNECTING THEM TO POTENTIAL INVESTORS, REVIEWING BUSINESS PLANS AND EXPANDING VENTURE FUNDING OPPORTUNITIES. CEG'S SALES CALLS, TRADESHOWS AND CULTIVATION OF BUSINESS CONTACTS THROUGH TARGETED STRATEGIC, CROSS-INDUSTRY & GLOBAL MARKETING PROGRAMS. PRESERVATION AND PROMOTION OF TECH VALLEY'S QUALITY OF LIFE WHILE HELPING POSITION COMMUNITIES TO ACHIEVE SMART AND DESIRED ECONOMIC GROWTH BY WORKING AT LOCAL, COUNTY AND STATE LEVEL TO EXPAND SERVICE-SHARING, ELIMINATE DUPLICATION AND STREAMLINE SERVICES AT ALL LEVELS OF GOVERNMENT. TO ENCOURAGE SMART GROWTH THROUGH THE DEVELOPMENT OF COMPREHENSIVE PLANS AND BY PROVIDING THE TOOLS, INFORMATION AND EDUCATION THAT WILL ALLOW FOR SUSTAINABLE COMMUNITIES. 7 7 0 0 0 0 971503 943685 298648 352548 635 548 12801 21578 1283587 1318359 376841 142048 0 0 0 0 0 0 0 1088515 1317365 1465356 1459413 -181769 -141054 1845501 1545948 438713 280214 1406788 1265734 X TECHNICAL SERVICES GROUP ASSISTS REGIONAL TECHNOLOGY AND MANUFACTURING COMPANIES IN THE CREATION AND RETENTION OF JOBS, INCREASE SALES AND EXPAND CAPITAL INVESTMENT. VENTURE INITIATIVES PROVIDES CAPTIAL TO REGIONAL TECHNOLOGY COMPANIES BY CONNECTING THEM TO POTENTIAL INVESTORS, REVIEWING BUSINESS PLANS AND EXPANDING VENTURE FUNDING OPPORTUNITIES. CEG'S SALES CALLS, TRADESHOWS AND CULTIVATION OF BUSINESS CONTACTS THROUGH TARGETED STRATEGIC, CROSS-INDUSTRY & GLOBAL MARKETING PROGRAMS. PRESERVATION AND PROMOTION OF TECH VALLEY'S QUALITY OF LIFE WHILE HELPING POSITION COMMUNITIES TO ACHIEVE SMART AND DESIRED ECONOMIC GROWTH BY WORKING AT LOCAL, COUNTY AND STATE LEVEL TO EXPAND SERVICE-SHARING, ELIMINATE DUPLICATION AND STREAMLINE SERVICES AT ALL LEVELS OF GOVERNMENT. TO ENCOURAGE SMART GROWTH THROUGH THE DEVELOPMENT OF COMPREHENSIVE PLANS AND BY PROVIDING THE TOOLS, INFORMATION AND EDUCATION THAT WILL ALLOW FOR SUSTAINABLE COMMUNITIES. 0 0 1117798 65500 336948 BUSINESS GROWTH SOLUTIONS (BGS) - OBJECTIVE IS TO SERVICE SMALL TO MEDIUM SIZED COMPANIES (SMES) IN THE MANUFACTURING AND TECHNOLOGY SECTORS ACROSS SEVERAL INDUSTRIES AND HELP THEM GROW AND COMPETE IN THE 21ST CENTURY. THE PROGRAM IS SUPPORTED BY NEW YORK STATES NYSTART PROGRAM (DIVISION OF SCIENCE, TECHNOLOGY AND INNOVATION) AND THE NIST (NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY) THROUGH THE MANUFACTURING EXTENSION PARTNERSHIP PROGRAM. THESE SERVICES HELP SMES REALIZE NEW REVENUES AND INCREASE PROFITABILITY THROUGH ASSISTING THEM IN INCREASING SALES, IMPROVING PRODUCTIVITY AND OPERATIONS, LAUNCHING NEW PRODUCTS, ALIGNING EXECUTIVE TEAM STRATEGIES AND MORE. INTERNAL CEG TEAM MEMBERS, AS WELL AS THIRD-PARTY PARTNERS, PROVIDE THESE SERVICES. CEG IS ALSO RECOGNIZED AS THE REGIONAL TECHNOLOGY DEVELOPMENT CENTER (RTDC), FOCUSED ON PROMOTING TECHNOLOGY DEVELOPMENT, TECHNOLOGY TRANSFER, MANAGEMENT, AND TECHNOLOGY SECTORS. THIS DESIGNATION ALLOWS CEG TO LEVERAGE GRANT FUNDS FOR CLIENTS THROUGH PARTNERS SUCH AS NATIONAL GRID AND THE WORKFORCE DEVELOPMENT INSTITUTE. 265564 76548 15600 PEOPLE/WORKFORCE DEVELOPMENT - WORKING DILIGENTLY TO BUILD A SKILLED WORKFORCE AND EDUCATION PIPELINE; TO CULTIVATE A STRONG SKILLED WORKFORCE; ENSURE ALIGNMENT OF EDUCATION PARTNER OFFERINGS TO LOCAL COMPANIES NEEDS, ATTRACT NEW WORKERS, AND PREPARE OUR YOUTH FOR FUTURE JOBS, CEG'S PRIMARY FOCUS IS IN MANUFACTURING AND TECHNOLOGY BASED JOBS FOR BOTH SKILLED WORKFORCE, HIGH TECH JOBS, AND MANAGEMENT. CEG IS FUNDED BY BOTH REGIONAL COUNTY WORKFORCE INVESTMENT BOARDS (WIBS), AND THE MANUFACTURING ALLIANCE OF CENTRAL NEW YORK (MACNY). 1383362 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X CHRISTINE HOLLE 5184311416 5 COMPUTER DR S ALBANY NY 12205 RICHARD HENDRICK DIRECTOR 1.00 X 0 0 0 KATIE NEWCOMBE DIRECTOR 1.00 X 0 0 0 ROGER RAMSAMMY DIRECTOR 1.00 X 0 0 0 FRAN O'ROURKE DIRECTOR 1.00 X 0 0 0 STEPHEN OBERMAYER CHAIR 1.00 X X 0 0 0 DAVID DEMARCO TREASURER/SECRETARY 1.00 X X 0 0 0 JOHN BENNETT IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 MARK EAGAN PRESIDENT & CEO 4.00 41.00 X 37746 386904 76616 CHRISTINE HOLLE VP, FINANCE & OPERATIONS 5.00 40.00 X 14758 118065 11813 KATHERINE JN BELMONT CHIEF ECONOMIC DEVELOPMENT OFFICER 1.00 44.00 X 3823 168197 23550 DON WIESENFORTH SENIOR VICE PRESIDENT, CEG 40.00 0.00 X 123530 0 2196 179857 673166 114175 1 0 1 0 0 657438 286247 943685 BUSINESS GROWTH SOLUTI 541900 336948 336948 WORKFORCE DEVEL & EDUC 541900 15600 15600 352548 548 548 SPONSORSHIP REVENUE 900099 20500 20500 OTHER REVENUE 900099 1078 1078 21578 1318359 352548 0 22126 X 142048 142048 229173 227876 1297 2616 2471 145 8989 6549 2440 21286 19059 2227 5770 5721 49 17168 17046 122 1700 1700 14148 13935 213 SHARED SERVICES 1016515 948657 67858 1459413 1383362 76051 0 127291 285928 144200 375403 416891 333780 45397 61031 12084 18004 658969 641547 19571 17422 1080067 454380 1845501 1545948 207833 47314 130806 66333 100074 166567 438713 280214 X 1406788 1265734 1406788 1265734 1845501 1545948 -141054 0 X 0 1 X 1 0 X 640613 810331 1825485 971503 943685 5191617 640613 810331 1825485 971503 943685 5191617 5191617 548 548 38285 43229 43200 21578 146292 5338457 352548 0.97250 0.96800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 446620 431144 15476 212349 210403 1946 17422 DUE FROM CEG OF THE CAPITAL REGION I 454380 C 454380 DUE TO CAPITAL REGION CHAMBER, INC. 166567 166567 X PART X, LINE 2: THE CENTER FOR ECONOMIC GROWTH, IN.C ADOPTED THE PROVISIONS OF FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ADOPTION OF THIS STANDARD RESULTED IN NO UNCERTAIN TAX BENEFITS OR PROVISIONS IDENTIFIED AND RECORDED AS A LIABILITY OR ASSET. THE CENTER BELIEVES THAT THERE ARE NO TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX BENEFTS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE CENTER'S FEDERAL OR STATE INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE OR STATE TAX AUTHORITIES. 1 GLOBAL FOUNDRIES US INC 400 STONE BREAK RD EXTENSION MALTA NY 12020 263122131 54048 0 PASS THROUGH GRENO INDUSTRIES INC 2820 AMSTERDAM RD SCOTIA NY 12302 141463244 25000 0 PASS THROUGH NURAVINE LLC 1574 STATE ROUTE 28 WEST HURLEY NY 12491 822174771 15000 0 PASS THROUGH SCHENECTADY COUNTY COMMUNITY COLLEGE 78 WASHINGTIN AVE SCHENECTADY NY 12305 141503935 501(C)(3) 20000 0 PASS THROUGH VISTEX COMPOSITES LLC 582 DUANESBURG RD SCHENECTADY NY 12306 25000 0 PASS THROUGH 1 4 X X X X 0 0 0 0 0 0 0 0 0 MARK EAGAN PRESIDENT & CEO 34506 353689 3240 33215 0 0 2347 24053 4491 45725 44584 456682 0 0 KATHERINE JN BELMONT CHIEF ECONOMIC DEVELOPMENT OFFICER 3823 168197 0 0 0 0 260 11457 263 11570 4346 191224 0 0 FORM 990, PART VI, SECTION A, LINE 6 DESCRIPTION OF MEMBERSHIP: MEMBERSHIP IS OPEN TO BUSINESSES, NOT-FOR-PROFITS, AND GOVERNMENTAL ORGANIZATIONS IN NEW YORK'S CAPITAL REGION. THE CENTER AIMS TO BRING TOGETHER LEADING ORGANIZATIONS IN THE CAPITAL REGION TO EXPAND THE ECONOMY AND TO OFFER INFORMATION, EDUCATION AND TRAINING OPPORTUNITIES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS' POWERS TO APPOINT OR ELECT THE GOVERNING BODY MEMBERS OF THE GOVERNING BODY ARE ELECTED BY THE GENERAL MEMBERSHIP TO SERVE TWO-YEAR TERMS. THEY CAN SEEK RE-ELECTION AFTER A PERIOD OF ONE YEAR HAS ELAPSED FROM THE COMPLETION OF THEIR PREVIOUS TERM. FORM 990, PART VI, SECTION B, LINE 11B ANNUAL RETURN REVIEW PROCEDURE: THE DRAFT FORM 990 IS CIRCULATED TO THE MEMBERS OF THE GOVERNING BODY FOR THEIR REVIEW AND APPROVAL PRIOR TO BEING FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY PROCEDURES: EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY RELATIONSHIPS OR PARTNERSHIPS WITH BOARD MEMBERS, GENERAL MEMBERS, BUSINESS PARTNERS, ELECTED OFFICIALS OR ANY INDIVIDUAL ORGANIZATION WHERE A POTENTIAL CONFLICT MAY EXIST. EMPLOYEES AND BOARD MEMBERS ARE POLLED ON AN ANNUAL BASIS TO ENSURE COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE POLICY IS TO COMPENSATE THE CHIEF EXECUTIVE OFFICER BASED ON NATIONAL COMPARISONS. KEY EMPLOYEES ARE COMPENSATED BASED ON SIMILAR POSITIONS IN THE REGION. THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES PROVIDES PAYROLL COMPARISON AND IS A SOURCE THAT IS REVIEWED TO OBTAIN INFORMATION FOR COMPARISON. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZAITON MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBMIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 227,876. MANAGEMENT AND GENERAL EXPENSES 1,297. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 229,173. CEG OF THE CAPITAL REGION FIVE COMPUTER DRIVE SOUTH ALBANY NY 12205 822369976 ASSISTANCE NY 501(C)(6) N/A 0 CAPITAL REGION CHAMBER OF COMMERCE FIVE COMPUTER DRIVE SOUTH ALBANY NY 12205 474159612 COMM PROSP NY 501(C)(6) N/A 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CEG OF THE CAPITAL REGION INC D 454380 CAPITAL REGION CHAMBER OF COMMERCE E 166567 CAPITAL REGION CHAMBER OF COMMERCE N 213170 ALLOC BASED ON STAFFING % CAPITAL REGION CHAMBER OF COMMERCE O 803344 ALLOC BASED ON STAFFING %