Nonprofit · EIN 16-1530930
ALBANY COUNTY BUSINESS DEVELOPMENT CORP
Tax-exempt · ALBANY, NY 12210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $742,603 | $437,123 | $305,480 | $20,235,724 | $144,987 | $20,090,737 |
| December 31, 2023 | 990 | $646,608 | $383,430 | $263,178 | $19,872,445 | $87,188 | $19,785,257 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $330,745
- Investment income
- $411,858
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $344,436
- Management and general (functional)
- $92,687
Balance sheet and other
- Total assets, start of year
- $19,872,445
- Total assets, end of year
- $20,235,724
- Total liabilities, end of year
- $144,987
- Net assets, end of year
- $20,090,737
- Net assets without donor restrictions
- $457,730
- Net assets with donor restrictions
- $19,633,007
- Gross receipts
- $742,603
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1994
- 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 |
|---|---|---|---|
| SUSAN PEDO | MEMBER Trustee or director | 1 | $0 |
| CAITLIN O'BRIEN | EX-OFFICIO Trustee or director | 1 | $0 |
| MARCUS Q PRYOR | MEMBER Trustee or director | 1 | $0 |
| ALLEN MAIKELS | MEMBER Trustee or director | 1 | $0 |
| LUCAS ROGERS | EX-OFFICIO Trustee or director | 1 | $0 |
| DIANA OSTROFF | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEFFERY STONE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ALAN ALEXANDER | TREASURER Trustee or director, Officer | 1 | $0 |
| DAN SCARING | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEAN WARD | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| DAN MCCOY | EX-OFFICIO Trustee or director | 1 | $0 |
| MARCUS Q PRYOR | DIRECTOR Trustee or director | 1 | $0 |
| ALLEN MAIKELS | TREASURER Trustee or director, Officer | 1 | $0 |
| ANDREW JOYCE | EX-OFFICIO Trustee or director | 1 | $0 |
| DIANA OSTEROFF | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEFFERY STONE | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| ALAN ALEXANDER | DIRECTOR Trustee or director | 1 | $0 |
| DAN SCARING | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 111 WASHINGTON AVE STE 100, ALBANY, NY 12210-2214
- In care of
- % ALBANY-COLONIE REGIONAL CHAMBER O
- Principal officer (990 for 2024)
- AMY THOMPSON, 111 WASHINGTON AVE, ALBANY, NY 12210
- Signed the 990
- AMY THOMPSON, CHIEF FINANCIAL OFFICER
- Phone
- (518) 447-5602
- Return prepared by
- BONADIO & CO LLP
Mission
TO SUPPORT A VIABLE, SUSTAINABLE ECONOMIC ECO-SYSTEM IN THE COUNTY OF ALBANY BY PROVIDING LOW INTEREST COMMERCIAL LOANS THROUGH THE AL TECH LOAN FUND TO SMALL AND MEDIUM SIZE BUSINESSES THAT ARE EXPECTED TO CREATE EMPLOYMENT OPPORTUNITIES AND/OR EXPAND THE COMMERCIAL REAL ESTATE TAX BASE.
Program accomplishments
- LENDING - PROVIDE LOW INTEREST COMMERCIAL LOANS TO SMALL AND MEDIUM SIZE BUSINESSES IN AN EFFORT TO CREATE A VIABLE, SUSTAINABLE ECONOMIC ECO-SYSTEM WITHIN THE SERVICE AREA THROUGH THE CREATION OF JOBS.Expenses $344,436 · revenue $330,745
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1530930
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $20,287,793
- Income (IRS master file)
- $723,942
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $742,603 | $437,123 | $20,235,724 | XML |
| 990 | December 2023 | $646,608 | $383,430 | $19,872,445 | XML |
| 990 | December 2022 | $383,334 | $200,693 | $19,622,363 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 16-1530930).
Questions about ALBANY COUNTY BUSINESS DEVELOPMENT CORP
- What is the EIN of ALBANY COUNTY BUSINESS DEVELOPMENT CORP?
- The employer identification number (EIN) of ALBANY COUNTY BUSINESS DEVELOPMENT CORP is 16-1530930.
- Is ALBANY COUNTY BUSINESS DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2008.
- Are donations to ALBANY COUNTY BUSINESS DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALBANY COUNTY 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 ALBANY COUNTY BUSINESS DEVELOPMENT CORP 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 ALBANY COUNTY BUSINESS DEVELOPMENT CORP 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 ALBANY COUNTY BUSINESS DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names AMY THOMPSON.
- Who are the officers and directors of ALBANY COUNTY BUSINESS DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does ALBANY COUNTY BUSINESS DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $742,603, expenses of $437,123 and total assets of $20,235,724 at year end.
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All nonprofits in ALBANY · New York · Community improvement and capacity building