2026-03-04T14:13:49-06:00 2025-12-31 394946450 BOWERS ADVISORS LLC 1120 COMMERCE PARK DRIVE EAST WATERTOWN NY 13601 990 2025-01-01 161199439 WATERTOWN LOCAL DEVELOPMENT CORPORATION WATE 3157863494 259 JB WISE PLACE 100 WATERTOWN NY 13601 KYLEE MCGRATH CEO 3157863494 2026-02-27 1 ELIZABETH BUSH P01264627 3157887690 2026-02-27 2025 2025-03-06 01:10:19Z KYLEE MCGRATH 259 JB WISE PLACE SUITE 100 WATERTOWN NY 13601 3214639 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 2 0 0 0 0 0 274878 263283 171345 121783 301475 70768 747698 455834 0 0 0 0 245604 215281 0 0 0 101520 107172 347124 322453 400574 133381 10247172 10581345 273696 267095 9973476 10314250 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 211467 334051 LOCAL DEVELOPMENT PROGRAM TO RELIEVE AND REDUCE UNEMPLOYMENT, PROMOTE ADDITIONAL EMPLOYMENT OPPORTUNITIES, AND INSTRUCT AND TRAIN INDIVIDUALS THROUGH LOANS/GRANTS TO AREA BUSINESSES. 211467 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 2 0 2 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 91303 0 8888 JOY NUFFER CFO 40.00 X 66351 0 30304 157654 0 39192 0 0 0 0 0 INTEREST ON LOANS 900099 263283 263283 263283 134694 134694 2745894 2758805 -12911 -12911 -12911 BAD DEBT RECOVERY 900099 38599 38599 CREDIT RECOVERIES 900099 18178 18178 MISCELLANEOUS INCOME 900099 13991 13991 70768 455834 334051 0 121783 153359 95756 57603 13699 8493 5206 35540 22308 13232 12683 7863 4820 737 737 16589 16589 577 577 12849 12849 20678 16542 4136 23082 18465 4617 6185 6185 1126 901 225 3560 3560 SPONSORSHIP 16079 16079 MEMBERSHIP DUES 3504 3504 JANITORIAL EXPENSE 1510 1208 302 FILING FEES 350 350 346 346 322453 211467 110986 0 174835 757151 1724532 1619421 11 0 5709593 5139762 9688 2729 4470 6959 2349990 2776427 283741 281625 10247172 10581345 273696 267095 273696 267095 X 9973476 10314250 9973476 10314250 10247172 10581345 133381 207393 0 X X 0 1 X 1 0 X 9688 2729 6959 6959 RIGHT OF USE ASSET OPERATING LEASE 267095 267095 X 645049 207393 207393 437656 18178 18178 455834 304275 -18178 -18178 322453 0 322453 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 18,178. PART XII, LINE 2D - OTHER ADJUSTMENTS: CREDIT RECOVERIES -18,178. 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.