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Nonprofit · EIN 14-1605957

SARATOGA ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · SARATOGA SPGS, NY 12866

Financials

$966K$735K2023$599K$858K2024
Revenue Expenses · by fiscal year end
Financials of SARATOGA ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$599,325$858,494-$259,169$875,297$59,576$815,721
December 31, 2023990$965,781$734,691$231,090$1,118,885$43,995$1,074,890
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$198,367
Membership dues
$168,782
Program service revenue
$326,983
Investment income
$13,420
Net income from fundraising events
$60,055
Other revenue
$60,555

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$165,157
Other salaries and wages
$243,109
Salaries, compensation and benefits (total)
$507,437
Professional fundraising fees
$0
Legal fees
$10,730
Accounting fees
$15,025
Occupancy
$33,075
Travel
$19,112
Depreciation
$4,216
Program services (functional)
$553,356
Management and general (functional)
$305,138

Balance sheet and other

Total assets, start of year
$1,118,885
Total assets, end of year
$875,297
Total liabilities, end of year
$59,576
Net assets, end of year
$815,721
Land, buildings and equipment
$27,658
Net assets without donor restrictions
$815,721
Gross receipts
$691,812
Employees
5
Year formed
1978
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
J GREGORY CONNORSPRESIDENT
Officer
35$165,157$18,796
DAVID COLLINSDIRECTOR
Trustee or director
1$0$0
DOUG FORDVICE CHAIRMA
Trustee or director, Officer
1$0$0
CHARLES WAIT JRDIRECTOR
Trustee or director
1$0$0
DARRYL LEGGIERIDIRECTOR
Trustee or director
1$0$0
ZACHARY MANZDIRECTOR
Trustee or director
1$0$0
JOHN MUNTERCHAIRMAN
Trustee or director, Officer
1$0$0
MICHAEL RELYEASECRETARY
Trustee or director, Officer
1$0$0
TOM SAMASCOTTDIRECTOR
Trustee or director
1$0$0
RYAN SHAWTREASURER
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
TORI RILEYACTING PRESI
Officer
35$175,389$20,818
J GREGORY CONNORSPRESIDENT
Officer
35$52,308$2,201
DAVID COLLINSDIRECTOR
Trustee or director
1$0$0
DOUG FORDVICE CHAIRMA
Trustee or director, Officer
1$0$0
CINDY HOLLOWOODDIRECTOR
Trustee or director
1$0$0
CHARLES WAIT JRDIRECTOR
Trustee or director
1$0$0
ZACHARY MANZDIRECTOR
Trustee or director
1$0$0
JOHN MUNTERCHAIRMAN
Trustee or director, Officer
1$0$0
MICHAEL RELYEASECRETARY
Trustee or director, Officer
1$0$0
TOM SAMASCOTTDIRECTOR
Trustee or director
1$0$0
RYAN SHAWTREASURER
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
517 BROADWAY STE 203, SARATOGA SPGS, NY 12866-2237
Principal officer (990 for 2024)
J GREGORY CONNORS, 517 BROADWAY 203, SARTOGA SPRINGS, NY 12866
Signed the 990
RYAN SHAW, TREASURER
Phone
(518) 587-0945
Return prepared by
FREDETTE SANKOWSKI WOODCOCK & COMPANY

Mission

SARATOGA ECONOMIC DEVELOPMENT CORPORATION CREATES JOB GROWTH BY PROMOTING ECONOMIC DEVELOPMENT IN SARATOGA COUNTY

990 for the year ended December 31, 2024

Program accomplishments

  • SARATOGA ECONOMIC DEVELOPMENT CORPORATION CREATED JOB GROWTH BY PROMOTING ECONOMIC DEVELOPMENT IN SARATOGA COUNTY BY PROMOTING SARATOGA COUNTY TO PRESENT AND PROSPECTIVE INDUSTRIES AND BUSINESSES. APPROXIMATELY 230,000 PEOPLE BENEFIT FROM THESE SERVICES.
    Expenses $553,356 · revenue $327,483

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
14-1605957
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
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$875,297
Income (IRS master file)
$691,812

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$599,325$858,494$875,297IRS
990December 2023$965,781$734,691$1,118,885XML
990December 2022$890,217$703,070$872,200IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 14-1605957).

Questions about SARATOGA ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of SARATOGA ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of SARATOGA ECONOMIC DEVELOPMENT CORPORATION is 14-1605957.
Is SARATOGA ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to SARATOGA ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SARATOGA 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 SARATOGA ECONOMIC DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SARATOGA ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SARATOGA ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names J GREGORY CONNORS.
Who are the officers and directors of SARATOGA ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $165,157 (J GREGORY CONNORS, PRESIDENT).
How much revenue does SARATOGA ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $599,325, expenses of $858,494 and total assets of $875,297 at year end.

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