Nonprofit · EIN 16-0906565
GREATER SYRACUSE BUSINESS DEVELOPMENT CORP
Tax-exempt · SYRACUSE, NY 13202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $230,861 | $328,720 | -$97,859 | $911,030 | $50,856 | $860,174 |
| July 31, 2024 | 990 | $216,829 | $316,065 | -$99,236 | $1,113,201 | $155,168 | $958,033 |
| July 31, 2023 | 990 | $257,641 | $302,258 | -$44,617 | $1,205,199 | $147,930 | $1,057,269 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $230,861
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $31,341
- Salaries, compensation and benefits (total)
- $128,048
- Professional fundraising fees
- $0
- Legal fees
- $144,805
- Accounting fees
- $4,700
- Occupancy
- $18,244
- Program services (functional)
- $120,435
- Management and general (functional)
- $208,285
Balance sheet and other
- Total assets, start of year
- $1,113,201
- Total assets, end of year
- $911,030
- Total liabilities, end of year
- $50,856
- Net assets, end of year
- $860,174
- Net assets without donor restrictions
- $860,174
- Gross receipts
- $230,861
- Employees
- 2
- Volunteers
- 0
- Year formed
- 1962
- 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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bob Ellis | Former Executive Director Officer | 40 | $88,973 |
| Kenneth Gardiner | Chairman/President Trustee or director, Officer | 1 | $0 |
| Edward Slank | Vice President Trustee or director, Officer | 1 | $0 |
| Dana Loucks | Vice President Trustee or director, Officer | 1 | $0 |
| Adam E Panek | Treasurer Trustee or director, Officer | 1 | $0 |
| Andrew D'Agostino | Trustee Trustee or director | 1 | $0 |
| Robert D Griffin | Trustees Trustee or director | 1 | $0 |
| F Paul Vellano Jr | Trustee Trustee or director | 1 | $0 |
| Russell T Rohan | Trustee Trustee or director | 1 | $0 |
| Robert L Vertucci | Trustee Trustee or director | 1 | $0 |
| Frederick G Rudmann | Trustee Trustee or director | 1 | $0 |
| Donald J Western | Trustee Trustee or director | 1 | $0 |
| Kenneth Jardin II | Trustee Trustee or director | 1 | $0 |
| John Gibbs | Trustee Trustee or director | 1 | $0 |
| Alison X Ha | Trustee Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Luke E Fagan | Trustee Trustee or director | 1 | $0 |
| Kevin LaMontagne | Trustee Trustee or director | 1 | $0 |
| Brian Bund | Executive Director Officer | 40 | $0 |
990 for the year ended July 31, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bob Ellis | Executive Director Officer | 40 | $105,000 |
| Kenneth Gardiner | Chairman/President Trustee or director, Officer | 1 | $0 |
| Edward Slank | Vice President Trustee or director, Officer | 1 | $0 |
| Dana Loucks | Vice President Trustee or director, Officer | 1 | $0 |
| Adam E Panek | Treasurer Trustee or director, Officer | 1 | $0 |
| Andrew D'Agostino | Trustee Trustee or director | 1 | $0 |
| Robert D Griffin | Trustees Trustee or director | 1 | $0 |
| Pamela A Miller | Trustee Trustee or director | 1 | $0 |
| F Paul Vellano Jr | Trustee Trustee or director | 1 | $0 |
| Russell T Rohan | Trustee Trustee or director | 1 | $0 |
| Robert L Vertucci | Trustee Trustee or director | 1 | $0 |
| Frederick G Rudmann | Trustee Trustee or director | 1 | $0 |
| Donald J Western | Trustee Trustee or director | 1 | $0 |
| Kenneth GB Jardin ll | Trustee Trustee or director | 1 | $0 |
| John Gibbs | Trustee Trustee or director | 1 | $0 |
| Alison X Ha | Trustee Trustee or director | 1 | $0 |
| Luke E Fagan | Trustee Trustee or director | 1 | $0 |
| Kevin LaMontagne | Trustee Trustee or director | 1 | $0 |
990 for the year ended July 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert W Ellis | Executive Director Officer | 40 | $105,000 |
| Kenneth Gardiner | Chairman/President Trustee or director, Officer | 1 | $0 |
| Edward Slank | Vice President Trustee or director, Officer | 1 | $0 |
| Dana Loucks | Vice President Trustee or director, Officer | 1 | $0 |
| Adam E Panek | Treasurer Trustee or director, Officer | 1 | $0 |
| David T Vega | Trustee Trustee or director | 1 | $0 |
| Russell T Rohan | Trustees Trustee or director | 1 | $0 |
| Fredrick G Rudmann | Trustee Trustee or director | 1 | $0 |
| Robert D Griffin | Trustee Trustee or director | 1 | $0 |
| F Paul Vellano Jr | Trustee Trustee or director | 1 | $0 |
| Robert L Vertucci | Trustee Trustee or director | 1 | $0 |
| Donald J Western | Trustee Trustee or director | 1 | $0 |
| Kenneth B Jardin II | Trustee Trustee or director | 1 | $0 |
| Alison X Ha | Trustee Trustee or director | 1 | $0 |
| John Gibbs | Trustee Trustee or director | 1 | $0 |
| Andrew D'Agostino | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 235 HARRISON ST STE 126, SYRACUSE, NY 13202-3003
- Principal officer (990 for 2024)
- Kenneth Gardiner, 235 Harrison Street Suite 126, Syracuse, NY 13202
- Signed the 990
- Brian Bund, Executive Director
- Phone
- (315) 373-0273
- Website
- www.gsbdc.com
- Return prepared by
- Allied CPAs PC
Mission
Encourage the locations/expansion of industrial/manufacturing facilities and net wealth generating companies, create job opportunities, reduce unemployment and facilitate the betterment of community prosperity within upstate New York, by making capital and fixed asset loans to private businesses.
Program accomplishments
- The organization provides expansion loans for business which creates job opportunities and betterment of the community.Expenses $120,435 · revenue $230,861
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 16-0906565
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1965
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $911,030
- Income (IRS master file)
- $230,861
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $230,861 | $328,720 | $911,030 | XML |
| 990 | July 2024 | $216,829 | $316,065 | $1,113,201 | XML |
| 990 | July 2023 | $257,641 | $302,258 | $1,205,199 | XML |
| 990 | July 2022 | $209,466 | $280,285 | $1,135,889 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 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 16-0906565).
Questions about GREATER SYRACUSE BUSINESS DEVELOPMENT CORP
- What is the EIN of GREATER SYRACUSE BUSINESS DEVELOPMENT CORP?
- The employer identification number (EIN) of GREATER SYRACUSE BUSINESS DEVELOPMENT CORP is 16-0906565.
- Is GREATER SYRACUSE BUSINESS DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1965.
- Are donations to GREATER SYRACUSE BUSINESS DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREATER SYRACUSE BUSINESS DEVELOPMENT CORP 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 GREATER SYRACUSE BUSINESS DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREATER SYRACUSE BUSINESS DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of GREATER SYRACUSE BUSINESS DEVELOPMENT CORP?
- The 990 for the year ended July 31, 2025 names Kenneth Gardiner.
- Who are the officers and directors of GREATER SYRACUSE BUSINESS DEVELOPMENT CORP?
- The 990 for the year ended July 31, 2025 lists 18 people; 1 received compensation from the organization, the highest $88,973 (Bob Ellis, Former Executive Director).
- How much revenue does GREATER SYRACUSE BUSINESS DEVELOPMENT CORP have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $230,861, expenses of $328,720 and total assets of $911,030 at year end.
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