Nonprofit · EIN 11-2436149
QUEENS ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · KEW GARDENS, NY 11424
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,213,896 | $4,183,805 | $30,091 | $2,742,478 | $439,077 | $2,303,401 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,753,514
- of which government grants
- $2,728,190
- Program service revenue
- $460,143
- Investment income
- $0
- Other revenue
- $239
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $200,000
- Other salaries and wages
- $1,381,205
- Salaries, compensation and benefits (total)
- $1,815,410
- Professional fundraising fees
- $0
- Accounting fees
- $107,638
- Occupancy
- $245,800
- Travel
- $8,476
- Depreciation
- $25,964
- Program services (functional)
- $3,651,322
- Management and general (functional)
- $404,002
- Fundraising (functional)
- $128,481
Balance sheet and other
- Total assets, start of year
- $3,000,277
- Total assets, end of year
- $2,742,478
- Total liabilities, end of year
- $439,077
- Net assets, end of year
- $2,303,401
- Land, buildings and equipment
- $40,019
- Net assets with donor restrictions
- $2,303,401
- Gross receipts
- $4,213,896
- Employees
- 19
- Year formed
- 1976
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Seth Bornstein | Executive Dir. Officer | 35 | $200,000 |
| Shurm Anderson | MEMBER Trustee or director | 1 | $0 |
| Omar Baptiste | MEMBER Trustee or director | 1 | $0 |
| Winston Crosswell | MEMBER Trustee or director | 1 | $0 |
| Aaron Fernandez | MEMBER Trustee or director | 1 | $0 |
| Stephen Levin | MEMBER Trustee or director | 1 | $0 |
| Victor Hunt | MEMBER Trustee or director | 1 | $0 |
| Philippa Karleron | MEMBER Trustee or director | 1 | $0 |
| Jeff Lambert | MEMBER Trustee or director | 1 | $0 |
| Mark Lucaj | MEMBER Trustee or director | 1 | $0 |
| Verdia Noel | Secretary Trustee or director | 1 | $0 |
| Brian Reynolds | MEMBER Trustee or director | 1 | $0 |
| Danny Rojas | Vice President Trustee or director | 1 | $0 |
| David Sands | MEMBER Trustee or director | 1 | $0 |
| Anita Srivastava | President Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ryan Walsh | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 12055 QUEENS BLVD RM 309, KEW GARDENS, NY 11424-1015
- Principal officer (990 for 2024)
- Seth Bornstein, 120-55 QUEENS BOULEVARD 309, KEW GARDENS, NY 11424
- Signed the 990
- Seth Bornstein, Executive Director
- Phone
- (718) 263-0546
- Website
- WWW.DISCOVERQUEENS.INFO
- Return prepared by
- WEI WEI & CO LLP
Mission
The Organization creates and retains jobs through establishing programs throughout neighborhoods that assist small businesses and promote tourism and business development.
Program accomplishments
- BUSINESS SEVICES & TRAINING: QEDC PROVIDES INDIVIDUAL COUNSELING, WORKSHOPS, ANDSEMINARS TO NEW AND EMERGING ENTREPRENEURS SEEKING TO OPEN AND OR GROW THEIRBUSINESS. TRAINING IS OFFERED IN BUSINESS PLAN PREPARATION THROUGH THE STARTUPBUSINESS COMPETITION AND THE ENTREPRENEURIAL ASSISTANCE PROGRAM. THE HOMEIMPROVEMENT CONTRACTOR TRAINING PROGRAM HELPS UNLICENSED HANDYMEN AND WOMEN RECEIVE THEIR NEW YORK CITY DEPARTMENT OF CONSUMER AFFAIRS LICENSES.Expenses $2,738,492
- ENTREPRENEUR SPACE:PROVIDES A COMMERCIAL KITCHEN AND OFFICE SPACE FOR NEW ANDGROWING FOOD-BASED BUSINESSES.THE INCUBATOR HAS ALL THE NECESSARY EQUIPMENTAND RESOURCES TO START A FOOD MANUFACTURING BUSINESS. THE INCUBATOR ALSOPROVIDES TECHNICAL AND BUSINESS COUNSELING AS WELL AS MARKETING OPPORTUNITIES.Expenses $547,662
- NEIGHBORHOOD DEVELOPMENT:WORKING WITH LOCAL BUSINESSES AND NEWLY FORMED MERCHANT'SORGANIZATIONS, THE QEDC PROVIDES ORGANIZATIONAL ASSISTANCE AND ADVICE TO IMPROVETHE MICRO-ECONOMY OF TARGETED NEIGHBORHOODS.QEDC ALSO PROVIDES GRAFFITI REMOVALPROGRAMS IN SEVERAL COMMUNITIES.THE PROGRAM ALSO PROMOTES TOURISM IN QUEENS.Expenses $365,168
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2436149
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $2,742,478
- Income (IRS master file)
- $4,213,896
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,213,896 | $4,183,805 | $2,742,478 | XML |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $2,989,661 | $2,975,906 | $2,555,923 | IRS |
| 990 | June 2022 | $2,596,167 | $2,554,115 | $2,366,553 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about QUEENS ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of QUEENS ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of QUEENS ECONOMIC DEVELOPMENT CORPORATION is 11-2436149.
- Is QUEENS ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to QUEENS ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does QUEENS ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of QUEENS ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did QUEENS ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of QUEENS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names Seth Bornstein.
- Who are the officers and directors of QUEENS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $200,000 (Seth Bornstein, Executive Dir.).
- How much revenue does QUEENS ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,213,896, expenses of $4,183,805 and total assets of $2,742,478 at year end.
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