Nonprofit · EIN 16-1165469
CENTERSTATE DEVELOPMENT FOUNDATION INC
Tax-exempt · SYRACUSE, NY 13202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,915,997 | $2,051,485 | -$135,488 | $3,814,591 | $524,034 | $3,290,557 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $353,069
- Program service revenue
- $1,477,742
- Investment income
- $84,381
- Other revenue
- $805
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $199,753
- Salaries, compensation and benefits (total)
- $199,753
- Professional fundraising fees
- $0
- Legal fees
- $10,918
- Accounting fees
- $37,238
- Occupancy
- $10,857
- Travel
- $3,852
- Depreciation
- $69,227
- Program services (functional)
- $1,587,926
- Management and general (functional)
- $463,559
Balance sheet and other
- Total assets, start of year
- $3,698,191
- Total assets, end of year
- $3,814,591
- Total liabilities, end of year
- $524,034
- Net assets, end of year
- $3,290,557
- Land, buildings and equipment
- $612,659
- Net assets without donor restrictions
- $2,226,252
- Net assets with donor restrictions
- $1,064,305
- Gross receipts
- $1,915,997
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1981
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT SIMPSON | PRESIDENT Trustee or director, Officer | 1 | $76,018 | $230,098 | $127,938 |
| BEN SIO | SVP Officer | 1 | $9,877 | $128,047 | $36,694 |
| HONORA SPILLANE | VP OF ECONOMIC DEVELOPMENT Officer | 32 | $81,481 | $22,879 | $19,627 |
| MARIAN FRANCHER | SENIOR DIRECTOR OF FINANCE Officer | 1 | $0 | $104,828 | $12,964 |
| KELLY FURMAROLA | EXECUTIVE DIRECTOR Officer | 1 | $0 | $93,828 | $4,708 |
| LORI DIETZ | SPECIAL PROJECT MANAGEMENT Officer | 1 | $0 | $92,376 | $5,021 |
| EVELYN CARTER INGRAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MELANIE W LITTLEJOHN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY PENIX | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NATHAN ANDREWS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VICKI BRACKENS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVE NUTTING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVE SCHNECKENBURGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARGARET O'CONNELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GAIL COWLEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN CROSSETT | TREASURER Trustee or director, Officer | 1 | $0 |
| MANTOSH DEWAN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN HUHTALA | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL NASH | DIRECTOR Trustee or director | 1 | $0 |
| JAMES REED | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| KIMBERLY TOWNSEND | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY MURPHY | CHAIR, DEVELOPMENT COMMITTEE Trustee or director, Officer | 1 | $0 |
| SOMAK CHATTOPADHYAY | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN FOURNIER | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN GORCZYNSKI | DIRECTOR Trustee or director | 1 | $0 |
| ERIC MOWER | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 |
| ERIK SMITH | DIRECTOR Trustee or director | 1 | $0 |
| JOHANNA ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| JO ANNE GAGLIANO | DIRECTOR Trustee or director | 1 | $0 |
| DR SETH KRONENBERG | DIRECTOR Trustee or director | 1 | $0 |
| DIMITAR KARAIVANOV | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 115 W FAYETTE ST, SYRACUSE, NY 13202-1305
- Principal officer (990 for 2024)
- ROBERT SIMPSON, 115 WEST FAYETTE STREET, SYRACUSE, NY 13202
- Signed the 990
- ROBERT SIMPSON, PRESIDENT
- Phone
- (315) 470-1800
- Return prepared by
- FUSTCHARLES LLP
Mission
ECONOMIC DEVELOPMENT OF THE CITY OF SYRACUSE AND URBAN AREA IN UPSTATE NEW YORK
Program accomplishments
- SEE SCHEDULE ODURING THE YEAR, THE FOUNDATION'S EFFORTS WERE FOCUSED ON ACTIVITIES ALIGNED WITH ITS EXEMPT PURPOSES AND MISSION. ITS MISSION IS TO UNLOCK THE ECONOMIC POTENTIAL OF ALL CENTRAL NEW YORK'S PEOPLE AND PLACES BY ATTRACTING PUBLIC AND PHILANTHROPIC CAPITAL. ITS EXEMPT PURPOSE IS TO SUPPORTS ACTIVITIES THAT BUILD LOCAL AND REGIONAL CAPACITY TO COMBAT COMMUNITY AND NEIGHBORHOOD DETERIORATION, OFFER SOLUTIONS TO PROBLEMS CHALLENGING URBAN AREAS, ENCOURAGE THE DEVELOPMENT, ATTRACTION, AND RETENTION OF INDUSTRY ESPECIALLY IN DISTRESSED AREAS, ENSURE AREA RESIDENTS HAVE ACCESS TO EMPLOYMENT, ENCOURAGE CULTURAL AND COMMUNITY ACTIVITIES, PROMOTE THE STUDY OF COMMUNITY HEALTH NEEDS, AND PROMOTE THE OVERALL ECONOMIC DEVELOPMENT OF CENTRAL NEW YORK. THE FOUNDATION LEADS AND COLLABORATES WITH PARTNERS ON PROJECTS OF LOCAL AND REGIONAL SIGNIFICANCE AND FISCALLY SPONSORS PROJECTS ALIGNED WITH ITS MISSION AND PURPOSE.Expenses $1,587,926 · revenue $1,478,547
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 | Not 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
- 16-1165469
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $3,814,591
- Income (IRS master file)
- $1,915,997
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,572,849 | $1,408,793 | $3,698,191 | IRS |
| 990 | December 2022 | $1,470,410 | $1,398,971 | $3,630,271 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 CENTERSTATE DEVELOPMENT FOUNDATION INC
- What is the EIN of CENTERSTATE DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of CENTERSTATE DEVELOPMENT FOUNDATION INC is 16-1165469.
- Is CENTERSTATE DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to CENTERSTATE DEVELOPMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTERSTATE DEVELOPMENT FOUNDATION INC 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 CENTERSTATE DEVELOPMENT FOUNDATION INC 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 CENTERSTATE DEVELOPMENT FOUNDATION INC 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 CENTERSTATE DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names ROBERT SIMPSON.
- Who are the officers and directors of CENTERSTATE DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 32 people; 3 received compensation from the organization, the highest $76,018 (ROBERT SIMPSON, PRESIDENT).
- How much revenue does CENTERSTATE DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,915,997, expenses of $2,051,485 and total assets of $3,814,591 at year end.
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All nonprofits in SYRACUSE · New York · Community improvement and capacity building