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Nonprofit · EIN 16-1513649

PUTNAM COUNTY ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · CARMEL, NY 10512

Financials

$176K$138K2023$184K$140K2024$181K$150K2025
Revenue Expenses · by fiscal year end
Financials of PUTNAM COUNTY ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$181,029$150,111$30,918$456,030$10,016$446,014
December 31, 2024990$184,223$140,436$43,787$425,834$10,738$415,096
December 31, 2023990$175,782$138,399$37,383$382,153$10,844$371,309
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$175,000
of which government grants
$175,000
Program service revenue
$0
Investment income
$192
Net income from fundraising events
$5,837
Other revenue
$5,837

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$109,352
Salaries, compensation and benefits (total)
$118,188
Professional fundraising fees
$0
Accounting fees
$10,600
Travel
$1,158
Program services (functional)
$121,077
Management and general (functional)
$29,034

Balance sheet and other

Total assets, start of year
$425,834
Total assets, end of year
$456,030
Total liabilities, end of year
$10,016
Net assets, end of year
$446,014
Net assets without donor restrictions
$446,014
Gross receipts
$188,872
Employees
4
Volunteers
0
Year formed
1997
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 / weekCompensation
KATHLEEN D ABELSPRESIDENT
Officer
30$99,750
DON MINICHINOCHAIRMAN
Trustee or director, Officer
0.5$0
CHRIS RYDERVICE CHAIRMAN
Trustee or director, Officer
0.5$0
WILLIAM DUNKELTREASURER
Trustee or director, Officer
0.5$0
WALTER RECHERSECRETARY
Trustee or director, Officer
0.5$0
ROB ZUBRYCKIDIRECTOR
Trustee or director
0.5$0
MARJORIE N KEITHDIRECTOR
Trustee or director
0.5$0
DR MARK HIRKODIRECTOR
Trustee or director
0.5$0
LISA ORRODIRECTOR
Trustee or director
0.5$0
DYLAN MYOSHIDIRECTOR
Trustee or director
0.5$0
ANGELA BRIANTEDIRECTOR
Trustee or director
0.5$0
KERRIE PRATTDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2024: 13 people
NameTitleHours / weekCompensation
KATHLEEN D ABELSPRESIDENT
Officer
30$95,000
ALANA D MIKHALEVSKYCHAIRMAN
Trustee or director, Officer
0.5$0
DON MINICHINOVICE CHAIRMAN
Trustee or director, Officer
0.5$0
RICHARD WEISS CPATREASURER
Trustee or director, Officer
0.5$0
WALTER RECHERSECRETARY
Trustee or director, Officer
0.5$0
ROBERT ZUBRYCKIDIRECTOR
Trustee or director
0.5$0
MARJORIE KEITHDIRECTOR
Trustee or director
0.5$0
DR MARK HIRKODIRECTOR
Trustee or director
0.5$0
CHRISTOPHER RYDERDIRECTOR
Trustee or director
0.5$0
KIMBALL GELLDIRECTOR
Trustee or director
0.5$0
DYLAN MIYOSHIDIRECTOR
Trustee or director
0.5$0
WILLIAM DUNKELDIRECTOR
Trustee or director
0.5$0
KERRIE MEHALAKESDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
KATHLEEN D ABELSPRESIDENT
Officer
30$92,000
ALANA D MIKHALEVSKYCHAIRMAN
Trustee or director, Officer
0.5$0
JOHN KRAUSVICE CHAIRMAN
Trustee or director, Officer
0.5$0
RICHARD WEISS CPATREASURER
Trustee or director, Officer
0.5$0
ROBERT ZUBRYCKIDIRECTOR
Trustee or director
0.5$0
DR MARK HIRKODIRECTOR
Trustee or director
0.5$0
MAJORIE KEITHDIRECTOR
Trustee or director
0.5$0
DON MINICHINODIRECTOR
Trustee or director
0.5$0
CHRISTOPHER RYDERDIRECTOR
Trustee or director
0.5$0
KIMBALL GELLDIRECTOR
Trustee or director
0.5$0
DYLAN MIYOSHIDIRECTOR
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
40 GLENEIDA AVE STE 310, CARMEL, NY 10512-1703
Principal officer (990 for 2025)
KATHLEEN D ABELS, 40 GLENEIDA AVE RM 310, CARMEL, NY 10512
Signed the 990
KATHLEEN D ABELS, PRESIDENT
Phone
(845) 808-1021
Return prepared by
EFPR ADVISORY LLC

Mission

COUNTY-BASED ECONOMIC DEVELOPMENT CORPORATION

990 for the year ended December 31, 2025

Program accomplishments

  • MAINTAINED AND INCREASED ECONOMIC DEVELOPMENT OF THE BUSINESS COMMUNITY THROUGH WEBSITE INFORMATION, PHONE REFERRALS TO GOVERNMENT AND PRIVATE RESOURCES THAT ARE AVAILABLE TO ASSIST PRESENT AND POTENTIAL LOCAL BUSINESS. CREATED A FREE COUNTY-WIDE INFORMATIONAL AND REFERENCE RELATED WEBSITE SO AS TO BE A ONE STOP SHOP FOR COMPANIES RELOCATING TO, OR EXPANDING IN, PUTNAM COUNTY.
    Expenses $119,607
  • MARKETING CAMPAIGN TO PROMOTE BUSINESS DEVELOPMENT IN PUTNAM COUNTY.
    Expenses $1,470

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

File the 2026 990-EZ for PUTNAM COUNTY ECONOMIC DEVELOPMENT CORPORATION

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
16-1513649
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$456,030
Income (IRS master file)
$188,872

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$181,029$150,111$456,030IRS
990December 2024$184,223$140,436$425,834IRS
990December 2023$175,782$138,399$382,153XML
990December 2022$169,005$130,783$344,894IRS
990December 2021–––IRS
990December 2020–––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 16-1513649).

Questions about PUTNAM COUNTY ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of PUTNAM COUNTY ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of PUTNAM COUNTY ECONOMIC DEVELOPMENT CORPORATION is 16-1513649.
Is PUTNAM COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1998.
Are donations to PUTNAM COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PUTNAM COUNTY 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 PUTNAM COUNTY 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 PUTNAM COUNTY 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 PUTNAM COUNTY ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 names KATHLEEN D ABELS.
Who are the officers and directors of PUTNAM COUNTY ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $99,750 (KATHLEEN D ABELS, PRESIDENT).
How much revenue does PUTNAM COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $181,029, expenses of $150,111 and total assets of $456,030 at year end.

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