2025-03-28T12:29:26-05:00 2024-12-31 201317788 BOWERS & COMPANY CPAS PLLC 1120 COMMERCE PARK DRIVE EAST WATERTOWN NY 13601 990 2024-01-01 161199439 WATERTOWN LOCAL DEVELOPMENT CORPORATION WATE 3157863494 259 JB WISE PLACE 100 WATERTOWN NY 13601 KYLEE MCGRATH CEO 3157863494 2025-03-28 1 0 ELIZABETH BUSH P01264627 3157887690 2025-03-28 2024 2025-03-06 01:10:19Z KYLEE MCGRATH 259 JB WISE PLACE SUITE 100 WATERTOWN NY 13601 2189695 0 X WWW.WATERTOWNLDC.COM X 1981 NY THE ORGANIZATION'S MISSION IS TO FOSTER AN ENVIRONMENT OF COOPERATION BETWEEN THE CITY GOVERNMENT, ECONOMIC DEVELOPMENT AGENCIES AND THE PRIVATE SECTOR WITH THE GOAL OF PROMOTING ECONOMIC EXPANSION AND PROSPERITY IN THE CITY OF WATERTOWN. MOREOVER, THE ORGANIZATION USES FINANCIAL RESOURCES TO LEVERAGE OTHER INVESTMENTS, WITH THE GOAL OF JOB CREATION, RETENTION AND ELIMINATION OF BLIGHT. 7 7 3 0 0 0 379290 0 222538 274878 111499 171345 46218 301475 759545 747698 405472 0 0 0 246001 245604 0 0 0 409016 101520 1060489 347124 -300944 400574 9714987 10247172 285822 273696 9429165 9973476 X THE ORGANIZATION'S MISSION IS TO FOSTER AN ENVIRONMENT OF COOPERATION BETWEEN THE CITY GOVERNMENT, ECONOMIC DEVELOPMENT AGENCIES AND THE PRIVATE SECTOR WITH THE GOAL OF PROMOTING ECONOMIC EXPANSION AND PROSPERITY IN THE CITY OF WATERTOWN. MOREOVER, THE ORGANIZATION USES FINANCIAL RESOURCES TO LEVERAGE OTHER INVESTMENTS, WITH THE GOAL OF JOB CREATION, RETENTION AND ELIMINATION OF BLIGHT. 0 0 263426 684299 LOCAL DEVELOPMENT PROGRAM TO RELIEVE AND REDUCE UNEMPLOYMENT, PROMOTE ADDITIONAL EMPLOYMENT OPPORTUNITIES, AND INSTRUCT AND TRAIN INDIVIDUALS THROUGH LOANS/GRANTS TO AREA BUSINESSES. 263426 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 0 0 0 0 1 5 0 1 3 1 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 1 1 1 0 NY X ORGANIZATION 3157863494 259 JB WISE PLACE WATERTOWN NY 13601 SARAH COMPO PIERCE PRESIDENT 1.00 X X 0 0 0 MICHAEL PIERCE TREASURER/SECRETARY 1.00 X X 0 0 0 MARSHALL WEIR VICE PRESIDENT 1.00 X X 0 0 0 CHRISTINA GRIMSHAW DIRECTOR 1.00 X 0 0 0 DAWN COLE DIRECTOR 1.00 X 0 0 0 STEPHEN HUNT DIRECTOR 1.00 X 0 0 0 MICHAEL LUMBIS DIRECTOR 1.00 X 0 0 0 KYLEE MCGRATH CEO 40.00 X 71907 0 10810 JOY NUFFER CFO 40.00 X 36123 0 22903 DON RUTHERFORD CEO (FORMER) 40.00 X 62273 0 21613 170303 0 55326 0 0 0 0 0 INTEREST ON LOANS 900099 274878 274878 274878 107946 107946 1505396 1441997 63399 63399 63399 CREDIT RECOVERIES 900099 253186 253186 BAD DEBT RECOVERY 900099 39367 39367 MISCELLANEOUS INCOME 900099 8922 8922 301475 747698 684299 0 63399 176634 141307 35327 24235 19388 4847 29977 23982 5995 14758 11806 2952 5664 5664 17942 17942 1445 1445 3065 3065 21832 17466 4366 23203 18562 4641 4161 3551 610 424 339 85 3415 3415 MISCELLANEOUS 18194 15583 2611 JANITORIAL EXPENSE 1585 1268 317 FILING FEES 590 590 347124 263426 83698 0 275786 174835 1583134 1724532 11 5386336 5709593 6073 1603 0 4470 2176602 2349990 293129 283741 9714987 10247172 1284 284538 273696 285822 273696 X 9429165 9973476 9429165 9973476 9714987 10247172 400574 143737 0 X X 0 1 X 1 0 X 6073 1603 4470 4470 RIGHT OF USE ASSET OPERATING LEASE 273696 273696 X 638249 143737 143737 494512 253186 253186 747698 93938 -253186 -253186 347124 0 347124 PART X, LINE 2: BASED ON ITS ANALYSIS, THE ORGANIZATION DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AND THAT THE ORGANIZATION SHOULD PREVAIL UPON EXAMINATION BY THE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: CREDIT RECOVERIES 253,186. PART XII, LINE 2D - OTHER ADJUSTMENTS: CREDIT RECOVERIES -253,186. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS OF INTEREST MONITORED BY BOARD AND MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 REVIEW AND APPROVAL OF COMPENSATION MADE BY BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. FORM 990, LINE 2C THE OVERSIGHT PROCESS OR SELECTION PROCESS FOR THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.