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Nonprofit · EIN 16-0874637

ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION

Tax-exempt · ROME, NY 13441

Financials

$8.2M$8.3M2023$10.8M$6.9M2024$6.4M$6.7M2025
Revenue Expenses · by fiscal year end
Financials of ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$6,388,617$6,672,242-$283,625$48,414,592$17,472,441$30,942,151
December 31, 2024990$10,796,894$6,886,017$3,910,877$50,447,197$19,221,421$31,225,776
December 31, 2023990$8,193,120$8,325,396-$132,276$40,575,052$13,245,375$27,329,677
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,290,797
of which government grants
$625,763
Membership dues
$127,500
Program service revenue
$4,665,242
Investment income
$134,492
Net gain from sales of assets
$37,503
Other revenue
$298,086

Expenses

Grants and similar amounts paid
$169,802
Compensation of officers, directors and key employees
$612,699
Other salaries and wages
$715,227
Salaries, compensation and benefits (total)
$1,558,505
Professional fundraising fees
$0
Legal fees
$173,919
Accounting fees
$29,000
Occupancy
$32,563
Travel
$29,955
Depreciation
$571,538
Program services (functional)
$6,095,579
Management and general (functional)
$576,663

Balance sheet and other

Total assets, start of year
$50,447,197
Total assets, end of year
$48,414,592
Total liabilities, end of year
$17,472,441
Net assets, end of year
$30,942,151
Land, buildings and equipment
$32,603,541
Net assets without donor restrictions
$30,881,801
Net assets with donor restrictions
$60,350
Gross receipts
$6,590,582
Employees
21
Volunteers
51
Year formed
1963
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.

NameTitleHours / weekCompensationOther / benefits
SHAWNA PAPALEPRESIDENT
Officer
40$217,722$52,996
MARK BARRACOSECRETARY, NON-VOTING
Officer
40$114,736$23,823
MAUREEN CARNEYCHIEF FINANCIAL OFFICER
Officer
40$116,225$16,445
NICHOLAS BRUNOSECRETARY, NON-VOTING
Officer
40$64,488$6,264
LAWRENCE T GILROY IIIDIRECTOR
Trustee or director
1$0$0
MICHAEL GODSENDIRECTOR
Trustee or director
1$0$0
FRED MATTDIRECTOR
Trustee or director
1$0$0
MATT NICHOLLDIRECTOR
Trustee or director
1$0$0
PETER BAILDONDIRECTOR
Trustee or director
1$0$0
MARIANNE GAIGEDIRECTOR
Trustee or director
1$0$0
MICHAEL FRAMEVICE CHAIR
Trustee or director, Officer
1$0$0
PATRICK BECHERTREASURER
Trustee or director, Officer
1$0$0
JUSTIN HUMMELDIRECTOR
Trustee or director
1$0$0
RUSS BREWERDIRECTOR
Trustee or director
1$0$0
RAYMOND HALBRITTERDIRECTOR
Trustee or director
1$0$0
40 more people on this return
NameTitleHours / weekCompensation
RANDY VAN WAGONERDIRECTOR
Trustee or director
1$0
RYAN O'SHAUGHNESSYDIRECTOR
Trustee or director
1$0
CHARLES GREENDIRECTOR
Trustee or director
1$0
JOHN ROMANODIRECTOR
Trustee or director
1$0
BRIAN LOUGHLINDIRECTOR
Trustee or director
1$0
STEPHEN WATERSDIRECTOR
Trustee or director
1$0
ALICIA DICKSDIRECTOR
Trustee or director
1$0
DAVID M MANZELMANNDIRECTOR
Trustee or director
1$0
JOHN BUFFACHAIRMAN
Trustee or director, Officer
1$0
MARIA KONTARIDISDIRECTOR
Trustee or director
1$0
JOHN J PISECKDIRECTOR
Trustee or director
1$0
RICHARD TANTILLODIRECTOR
Trustee or director
1$0
DAVID KAVNEYDIRECTOR
Trustee or director
1$0
BRIAN ANDERSONDIRECTOR
Trustee or director
1$0
NICHOLAS MAYHEWDIRECTOR
Trustee or director
1$0
ROCCO ARCURIDIRECTOR
Trustee or director
1$0
MARK LEWISDIRECTOR
Trustee or director
1$0
JIM MCCARTHYDIRECTOR
Trustee or director
1$0
GENO DECONDOVICE CHAIR
Trustee or director, Officer
1$0
SABRINA WEBSTERDIRECTOR
Trustee or director
1$0
DARLENE STROMSTADDIRECTOR
Trustee or director
1$0
LISA BETRUSDIRECTOR
Trustee or director
1$0
RON BELLEDIRECTOR
Trustee or director
1$0
RYAN THOMPSONDIRECTOR
Trustee or director
1$0
JOHN SNYDEREX-OFFICIO VOTING MEMBER
Trustee or director
1$0
RONALD EDWARDSEX-OFFICIO VOTING MEMBER
Trustee or director
1$0
WILLIAM BOWERDIRECTOR
Trustee or director
1$0
ANDY RUSSELLDIRECTOR
Trustee or director
1$0
MICHAEL BUSHARDTEX-OFFICIO VOTING MEMBER
Trustee or director
1$0
NICK ANGELICOLAEX-OFFICIO VOTING MEMBER
Trustee or director
1$0
ANNA D'AMBROSIODIRECTOR
Trustee or director
1$0
RICHARD EVANSDIRECTOR
Trustee or director
1$0
NICK ALGERDIRECTOR
Trustee or director
1$0
TODD PFANNESTIELDIRECTOR
Trustee or director
1$0
GREG EVANSDIRECTOR
Trustee or director
1$0
KAREN KOROTZERDIRECTOR
Trustee or director
1$0
STEVE SURACEDIRECTOR
Trustee or director
1$0
DOUGLAS WALTERSDIRECTOR
Trustee or director
1$0
DENISE CAVANAUGHEX-OFFICIO VOTING MEMBER
Trustee or director
1$0
KEVIN GAGLIONEDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2024: 61 people
NameTitleHours / weekCompensationOther / benefits
SHAWNA PAPALEPRESIDENT
Officer
40$161,899$45,556
MAUREEN CARNEYCHIEF FINANCIAL OFFICER
Officer
40$121,259$22,856
CHRISTIAN MERCURIOVICE PRESIDENT PLANNING AN
Highest-paid employee
40$113,689$14,334
STEVEN DIMEOFORMER PRESIDENT
Officer
40$93,625$9,352
NICHOLAS BRUNOSECRETARY, NON-VOTING
Officer
40$88,433$10,131
LAWRENCE T GILROY IIIDIRECTOR
Trustee or director
1$0$0
MICHELE DEVOEDIRECTOR
Trustee or director
1$0$0
MATT NICHOLLDIRECTOR
Trustee or director
1$0$0
PETER BAILDONDIRECTOR
Trustee or director
1$0$0
MARIANNE GAIGEDIRECTOR
Trustee or director
1$0$0
MICHAEL FRAMEVICE CHAIR
Trustee or director
1$0$0
PATRICK BECHERTREASURER
Trustee or director, Officer
1$0$0
JUSTIN HUMMELCHAIRMAN
Trustee or director, Officer
1$0$0
RUSS BREWERDIRECTOR
Trustee or director
1$0$0
RAYMOND HALBRITTERDIRECTOR
Trustee or director
1$0$0
RANDY VAN WAGONERDIRECTOR
Trustee or director
1$0$0
SONDRA BUTCHERDIRECTOR
Trustee or director
1$0$0
RYAN O'SHAUGHNESSYDIRECTOR
Trustee or director
1$0$0
CHARLES GREENDIRECTOR
Trustee or director
1$0$0
JOHN ROMANODIRECTOR
Trustee or director
1$0$0
RICHARD CREEDONDIRECTOR
Trustee or director
1$0$0
BRIAN LOUGHLINDIRECTOR
Trustee or director
1$0$0
NICHOLAS MATTDIRECTOR
Trustee or director
1$0$0
STEPHEN WATERSDIRECTOR
Trustee or director
1$0$0
ALICIA DICKSDIRECTOR
Trustee or director
1$0$0
DAVID M MANZELMANNDIRECTOR
Trustee or director
1$0$0
JOHN BUFFADIRECTOR
Trustee or director
1$0$0
MARIA KONTARIDISDIRECTOR
Trustee or director
1$0$0
JOHN J PISECKDIRECTOR
Trustee or director
1$0$0
RICHARD TANTILLODIRECTOR
Trustee or director
1$0$0
EVE VAN DE WALDIRECTOR
Trustee or director
1$0$0
DAVID KAVNEYDIRECTOR
Trustee or director
1$0$0
TOM NEUMANNDIRECTOR
Trustee or director
1$0$0
BRIAN ANDERSONDIRECTOR
Trustee or director
1$0$0
NICHOLAS MAYHEWDIRECTOR
Trustee or director
1$0$0
ROCCO ARCURIDIRECTOR
Trustee or director
1$0$0
MARK LEWISDIRECTOR
Trustee or director
1$0$0
JIM MCCARTHYDIRECTOR
Trustee or director
1$0$0
GENO DECONDOVICE CHAIR
Trustee or director, Officer
1$0$0
SABRINA WEBSTERDIRECTOR
Trustee or director
1$0$0
DARLENE STROMSTADDIRECTOR
Trustee or director
1$0$0
LISA BETRUSDIRECTOR
Trustee or director
1$0$0
RON BELLEDIRECTOR
Trustee or director
1$0$0
RYAN THOMPSONDIRECTOR
Trustee or director
1$0$0
JOHN SNYDEREX-OFFICIO VOTING MEMBER
Trustee or director
1$0$0
RONALD EDWARDSEX-OFFICIO VOTING MEMBER
Trustee or director
1$0$0
WILLIAM BOWERDIRECTOR
Trustee or director
1$0$0
ANDY RUSSELLDIRECTOR
Trustee or director
1$0$0
MICHAEL BUSHARDTEX-OFFICIO VOTING MEMBER
Trustee or director
1$0$0
GREGORY MATTACOLAEX-OFFICIO VOTING MEMBER
Trustee or director
1$0$0
ANNA D'AMBROSIODIRECTOR
Trustee or director
1$0$0
RICHARD EVANSDIRECTOR
Trustee or director
1$0$0
NICK ALGERDIRECTOR
Trustee or director
1$0$0
TODD PFANNESTIELDIRECTOR
Trustee or director
1$0$0
THOMAS CLARK JRDIRECTOR
Trustee or director
1$0$0
GREG EVANSDIRECTOR
Trustee or director
1$0$0
KAREN KOROTZERDIRECTOR
Trustee or director
1$0$0
STEVE SURACEDIRECTOR
Trustee or director
1$0$0
DOUGLAS WALTERSDIRECTOR
Trustee or director
1$0$0
DENISE CAVANAUGHEX-OFFICIO VOTING MEMBER
Trustee or director
1$0$0
KEVIN GAGLIONEDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 63 people
NameTitleHours / weekCompensationOther / benefits
STEVEN DIMEOPRESIDENT
Key employee
40$284,668$29,628
SHAWNA PAPALECHIEF ADMINISTRATIVE OFFIC
Highest-paid employee
40$136,962$42,228
WILLIAM VANSHUFFLINSENIOR VICE PRESIDENT PLAN
Highest-paid employee
40$121,270$32,864
MAUREEN CARNEYCHIEF FINANCIAL OFFICER
Officer
40$114,297$21,580
CHRISTIAN MERCURIOVICE PRESIDENT PLANNING AN
Highest-paid employee
40$112,497$14,167
NICHOLAS BRUNOSECRETARY, NON-VOTING
Officer
40$83,110$9,534
LAWRENCE T GILROY IIIDIRECTOR
Trustee or director
1$0$0
MICHELE DEVOEDIRECTOR
Trustee or director
1$0$0
LAURA CASAMENTODIRECTOR
Trustee or director
1$0$0
RONALD A CUCCARODIRECTOR
Trustee or director
1$0$0
MATT NICHOLLDIRECTOR
Trustee or director
1$0$0
ENESSA CARBONEDIRECTOR
Trustee or director
1$0$0
HAROLD T CLARK JRDIRECTOR
Trustee or director
1$0$0
PETER BAILDONDIRECTOR
Trustee or director
1$0$0
MARIANNE GAIGEDIRECTOR
Trustee or director
1$0$0
MICHAEL FRAMEDIRECTOR
Trustee or director
1$0$0
PATRICK BECHERTREASURER
Trustee or director, Officer
1$0$0
JUSTIN HUMMELBOARD CHAIR
Trustee or director, Officer
1$0$0
RUSS BREWERDIRECTOR
Trustee or director
1$0$0
RAYMOND HALBRITTERDIRECTOR
Trustee or director
1$0$0
RANDY VAN WAGONERDIRECTOR
Trustee or director
1$0$0
SONDRA BUTCHERDIRECTOR
Trustee or director
1$0$0
RYAN O'SHAUGHNESSYDIRECTOR
Trustee or director
1$0$0
CHARLES GREENDIRECTOR
Trustee or director
1$0$0
JOHN ROMANODIRECTOR
Trustee or director
1$0$0
RICHARD CREEDONDIRECTOR
Trustee or director
1$0$0
BRIAN LOUGHLINDIRECTOR
Trustee or director
1$0$0
NICHOLAS MATTDIRECTOR
Trustee or director
1$0$0
STEPHEN WATERSDIRECTOR
Trustee or director
1$0$0
ALICIA DICKSDIRECTOR
Trustee or director
1$0$0
DAVID M MANZELMANNDIRECTOR
Trustee or director
1$0$0
JOHN BUFFADIRECTOR
Trustee or director
1$0$0
MARIA KONTARIDISDIRECTOR
Trustee or director
1$0$0
MIKE HENNESSEYDIRECTOR
Trustee or director
1$0$0
JOHN J PISECKDIRECTOR
Trustee or director
1$0$0
RICHARD TANTILLODIRECTOR
Trustee or director
1$0$0
EVE VAN DE WALDIRECTOR
Trustee or director
1$0$0
DAVID KAVNEYDIRECTOR
Trustee or director
1$0$0
TOM NEUMANNDIRECTOR
Trustee or director
1$0$0
BRIAN ANDERSONDIRECTOR
Trustee or director
1$0$0
NICHOLAS MAYHEWDIRECTOR
Trustee or director
1$0$0
CATHLEEN MCCOLGINDIRECTOR
Trustee or director
1$0$0
ROCCO ARCURIDIRECTOR
Trustee or director
1$0$0
MARK LEWISDIRECTOR
Trustee or director
1$0$0
JIM MCCARTHYDIRECTOR
Trustee or director
1$0$0
GENO DECONDOVICE CHAIR
Trustee or director, Officer
1$0$0
SABRINA WEBSTERDIRECTOR
Trustee or director
1$0$0
DARLENE STROMSTADDIRECTOR
Trustee or director
1$0$0
LISA BETRUSDIRECTOR
Trustee or director
1$0$0
RON BELLEDIRECTOR
Trustee or director
1$0$0
RYAN THOMPSONDIRECTOR
Trustee or director
1$0$0
JOHN SNYDEREX-OFFICIO VOTING MEMBER
Trustee or director
1$0$0
RONALD EDWARDSEX-OFFICIO VOTING MEMBER
Trustee or director
1$0$0
WILLIAM BOWERDIRECTOR
Trustee or director
1$0$0
ANDY RUSSELLDIRECTOR
Trustee or director
1$0$0
RICHARD DOWEEX-OFFICIO VOTING MEMBER
Trustee or director
1$0$0
MICHAEL BUSHARDTEX-OFFICIO VOTING MEMBER
Trustee or director
1$0$0
GREGORY MATTACOLAEX-OFFICIO VOTING MEMBER
Trustee or director
1$0$0
ANNA D'AMBROSIODIRECTOR
Trustee or director
1$0$0
RICHARD EVANSDIRECTOR
Trustee or director
1$0$0
NICK ALGERDIRECTOR
Trustee or director
1$0$0
JOHN CALABRESEEX-OFFICIO VOTING MEMBER
Trustee or director
1$0$0
TODD PFANNESTIELDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
584 PHOENIX DRIVE, ROME, NY 13441-4929
Principal officer (990 for 2025)
MARC BARRACO, 584 PHOENIX DRIVE, ROME, NY 13441
Signed the 990
MARC BARRACO, CHIEF OF STAFF
Phone
(315) 338-0393
Return prepared by
D'ARCANGELO & CO LLP

Mission

STRENGTHEN LOCAL BUSINESS, ATTRACT NEW INDUSTRIES AND TALENT, AND CREATE VIBRANT COMMUNITIES TO GROW THE MOHAWK VALLEY ECONOMY.

990 for the year ended December 31, 2025

Program accomplishments

  • ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION (EDGE) AND ITS SUBSIDIARY ARE INVOLVED IN ACTIVITIES DESIGNED TO IMPROVE AND EXPAND THE BUSINESS COMMUNITY AND EMPLOYMENT WITHIN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS AND PROMOTE THE GENERAL ECONOMIC DEVELOPMENT OF THE AREA. A PRIMARY ACTIVITY OF EDGE IS THE ARRANGEMENT OF AND/OR PARTICIPATION IN FINANCING PACKAGES FOR LOCAL BUSINESSES, PRINCIPALLY THROUGH LOCAL BANKS, THE SMALL BUSINESS ADMINISTRATION, AND THE EMPIRE STATE DEVELOPMENT CORPORATION. IN ADDITION, EDGE PREPARES ECONOMIC DEVELOPMENT PLANS, PERFORMS RESEARCH, AND CARRIES OUT A UNIFIED MARKETING PROGRAM FOR THE PURPOSE OF ADVANCING ECONOMIC GROWTH IN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS. A SIGNIFICANT PORTION OF EDGE'S REVENUE IS DERIVED FROM GOVERNMENT GRANTS.
    Expenses $6,095,579 · grants $169,802 · revenue $4,963,328

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
16-0874637
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
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$48,414,592
Income (IRS master file)
$6,590,582

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$6,388,617$6,672,242$48,414,592XML
990December 2024$10,796,894$6,886,017$50,447,197XML
990December 2023$8,193,120$8,325,396$40,575,052XML
990December 2022$5,942,134$5,992,359$40,406,038IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 16-0874637).

Questions about ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION

What is the EIN of ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION?
The employer identification number (EIN) of ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION is 16-0874637.
Is ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ECONOMIC DEVELOPMENT GROWTH ENTERPRISES 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 GROWTH ENTERPRISES 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 GROWTH ENTERPRISES 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 GROWTH ENTERPRISES CORPORATION?
The 990 for the year ended December 31, 2025 names MARC BARRACO.
Who are the officers and directors of ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION?
The 990 for the year ended December 31, 2025 lists 55 people; 4 received compensation from the organization, the highest $217,722 (SHAWNA PAPALE, PRESIDENT).
How much revenue does ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $6,388,617, expenses of $6,672,242 and total assets of $48,414,592 at year end.

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