Nonprofit · EIN 14-1757090
ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · GLENS FALLS, NY 12801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $719,215 | $753,420 | -$34,205 | $928,641 | $166,954 | $761,687 |
| December 31, 2024 | 990 | $717,951 | $728,988 | -$11,037 | $1,023,640 | $227,748 | $795,892 |
| December 31, 2023 | 990 | $637,594 | $715,135 | -$77,541 | $1,060,806 | $253,877 | $806,929 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $606,550
- of which government grants
- $551,150
- Program service revenue
- $101,245
- Investment income
- $11,420
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $180,945
- Other salaries and wages
- $255,939
- Salaries, compensation and benefits (total)
- $488,248
- Professional fundraising fees
- $0
- Legal fees
- $2,501
- Accounting fees
- $17,149
- Occupancy
- $48,978
- Travel
- $158
- Depreciation
- $996
- Program services (functional)
- $545,549
- Management and general (functional)
- $207,871
Balance sheet and other
- Total assets, start of year
- $1,023,640
- Total assets, end of year
- $928,641
- Total liabilities, end of year
- $166,954
- Net assets, end of year
- $761,687
- Land, buildings and equipment
- $156,328
- Net assets without donor restrictions
- $761,687
- Gross receipts
- $719,215
- Employees
- 6
- Volunteers
- 0
- Year formed
- 1992
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIM SIPLON | PRESIDENT/CEO Officer | 55 | $137,005 | $43,940 |
| JOHN WHEATLEY | VICE PRESIDENT Highest-paid employee | 40 | $102,916 | $9,885 |
| MIKE WILD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN STROUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN CORNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUDY CALOGERO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELANIE FRONHOFER WEBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL MCLARTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ASHLEY WALDEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM MARCO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL WERSTEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANASTASIA URTZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KELLI DERWAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW FULLER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KRISTINE DUFFY | INTERIM CHAIR, TERM END 7/1/25 Officer | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHRYN MUNCIL | VICE CHAIR/TREASURER Officer | 2 | $0 |
| LAURA LADU | SECRETARY Officer | 2 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIM SIPLON | PRESIDENT/CEO Officer | 55 | $134,738 | $38,019 |
| MIKE WILD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN STROUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN CORNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUDY CALOGERO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELANIE FRONHOFER WEBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL MCLARTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ASHLEY WALDEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM MARCO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL WERSTEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTINE DUFFY | INTERIM CHAIR Officer | 2 | $0 | $0 |
| MATTHEW FULLER | PAST-CHAIR Officer | 2 | $0 | $0 |
| MITCH AMADO | PAST-CHAIR Officer | 2 | $0 | $0 |
| KATHRYN MUNCIL | VICE CHAIR/TREASURER Officer | 2 | $0 | $0 |
| LAURA LADU | SECRETARY Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIM SIPLON | PRESIDENT/CEO Officer | 55 | $131,823 | $35,546 |
| MIKE WILD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN STROUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN CORNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTINE DUFFY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL PRATT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LIBBY CORENO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUDY CALOGERO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELANIE FRONHOFER WEBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL MCLARTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW FULLER | PAST-CHAIR Officer | 2 | $0 | $0 |
| KATHRYN MUNCIL | VICE CHAIR Officer | 2 | $0 | $0 |
| MITCH AMADO | CHAIR/TREASURER Officer | 2 | $0 | $0 |
| LAURA LADU | SECRETARY Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11 SOUTH ST STE 201, GLENS FALLS, NY 12801-3595
- Principal officer (990 for 2025)
- JAMES SIPLON, 11 SOUTH STREET 201, GLENS FALLS, NY 12801
- Signed the 990
- JAMES SIPLON, PRESIDENT
- Phone
- (518) 761-6007
- Website
- WWW.EDCWC.ORG
- Return prepared by
- MENGEL METZGER BARR & CO LLP
Mission
EDC IS THE CENTRAL SOURCE FOR WARREN COUNTY ECONOMIC DEVELOPMENT EFFORTS, AS IT GUIDES PROGRAMS AND PROJECTS THROUGHOUT THE SOUTHERN ADIRONDACK REGION. EDC ACHIEVES RESULTS THROUGH COLLABORATIVE PUBLIC-PRIVATE PARTNERSHIPS DESIGNED TO ENCOURAGE NEW INVESTMENT OPPORTUNITIES THAT CREATE JOBS AND CREATE A SUSTAINABLE COMMUNITY AND AREA ECONOMY.
Program accomplishments
- ECONOMIC DEVELOPMENT:ACHIEVED CERTAIN CHARITABLE OBJECTIVES AND PUBLIC PURPOSES OF RELIEVING AND REDUCING ADULT UNEMPLOYMENT, PROMOTING AND PROVIDING FOR QUALITY JOBS FOR WARREN COUNTY CITIZENS AND LESSENING THE BURDENS OF GOVERNMENT WITHIN THE WARREN COUNTY REGION OF NEW YORK BY THE FOLLOWING ACTIVITIES: ENCOURAGING THE RETENTION AND EXPANSION OF VARIOUS BUSINESS ENTERPRISES IN THE WARREN COUNTY REGION; PROVIDING MANAGERIAL, TECHNICAL, AND ADMINISTRATIVE ADVICE TO ASSIST LOCAL BUSINESS ENTERPRISES; ATTRACTING THE LOCATION OF BUSINESS ENTERPRISES TO THE WARREN COUNTY REGION AND RELATED COMMUNITY/ECONOMIC ACTIVITIES.Expenses $545,549 · revenue $101,245
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1757090
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $928,641
- Income (IRS master file)
- $719,215
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $719,215 | $753,420 | $928,641 | IRS |
| 990 | December 2024 | $717,951 | $728,988 | $1,023,640 | IRS |
| 990 | December 2023 | $637,594 | $715,135 | $1,060,806 | XML |
| 990 | December 2022 | $576,742 | $832,694 | $1,176,192 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 14-1757090).
Questions about ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ECONOMIC DEVELOPMENT CORPORATION is 14-1757090.
- Is ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 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 ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names JAMES SIPLON.
- Who are the officers and directors of ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 17 people; 2 received compensation from the organization, the highest $137,005 (JIM SIPLON, PRESIDENT/CEO).
- How much revenue does ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $719,215, expenses of $753,420 and total assets of $928,641 at year end.
Other nonprofits in GLENS FALLS
- WARREN-HAMILTON COUNTIES ACTION COMMITTEE FOR ECONOMIC OPPORTUNITY EIN 14-1493746 · last filed 990 for 2025
- COMMUNITY WORKSHOP RESOURCES CORP EIN 22-2411228 · last filed 990 for 2024
- UA LOCAL 773 GLENS FALLS BUILDING CORPORATION EIN 45-2259636 · last filed 990 for 2025
- CENTRAL BUSINESS IMPROVEMENT DISTRI CT MANAGEMENT ASSOCIATION INC EIN 20-2443005 · last filed 990-EZ for 2024
- WARREN COUNTY LOCAL DEVELOPMENT CORPORATION EIN 14-1681502 · last filed 990 for 2025
- GLENS FALLS CIVIC CENTER FOUNDATION INC EIN 20-0387826 · last filed 990-EZ for 2025
- LOCAL 773 JATC BUILDING CORPORATION EIN 33-1019545 · last filed 990-EZ for 2025
- COUNTIES OF WARREN AND WASHINGTON CIVIC DEVELOPMENT CORPORATION EIN 38-3853734 · last filed 990 for 2025
All nonprofits in GLENS FALLS · New York · Community improvement and capacity building