Nonprofit · EIN 16-1585758
SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · WATERLOO, NY 13165
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $49 | $15,237 | -$15,188 | $117,142 | $0 | $117,142 |
| December 31, 2023 | 990 | $56 | $16,039 | -$15,983 | $132,330 | $0 | $132,330 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $49
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,000
- Salaries, compensation and benefits (total)
- $3,000
- Professional fundraising fees
- $0
- Accounting fees
- $8,225
- Management and general (functional)
- $15,237
Balance sheet and other
- Total assets, start of year
- $132,330
- Total assets, end of year
- $117,142
- Total liabilities, end of year
- $0
- Net assets, end of year
- $117,142
- Net assets without donor restrictions
- $117,142
- Gross receipts
- $49
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2000
- 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 |
|---|---|---|---|---|
| SARAH DAVIS | EXECUTIVE DIRECTOR Officer | 5 | $0 | $106,983 |
| ROBERT KERNAN | CFO Officer | 2 | $3,000 | $0 |
| STEVEN BRUSSO | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| THOMAS KIME | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY SHIPLEY | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| SARAH DAVIS | EXECUTIVE DIRECTOR Officer | 10 | $0 | $97,615 |
| ROBERT KERNAN | CFO Officer | 2 | $3,000 | $0 |
| STEVEN BRUSSO | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| THOMAS KIME | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY SHIPLEY | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2456 STATE ROUTE 414, WATERLOO, NY 13165-8443
- Principal officer (990 for 2024)
- SARAH R DAVIS, 2456 STATE ROUTE 414, WATERLOO, NY 13165
- Signed the 990
- SARAH R DAVIS, EXECUTIVE DIRECTOR
- Phone
- (315) 539-1725
- Return prepared by
- MENGEL METZGER BARR & CO LLP
Mission
PROMOTING EMPLOYMENT & ENCOURAGING DEVELOPMENT OF INDUSTRY.
Program accomplishments
- SENECA ARMY DEPOT REVITALIZATION, PROMOTING EMPLOYMENT, & ENCOURAGING DEVELOPMENT AND ATTRACTING NEW INDUSTRY TO THE TERRITORY.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 16-1585758
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $117,142
- Income (IRS master file)
- $49
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $56 | $16,039 | $132,330 | IRS |
| 990 | December 2022 | $600,160 | $615,214 | $148,313 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION is 16-1585758.
- Is SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 SENECA 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 2024.
- Who is the principal officer of SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names SARAH R DAVIS.
- Who are the officers and directors of SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization.
- How much revenue does SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $49, expenses of $15,237 and total assets of $117,142 at year end.
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All nonprofits in WATERLOO · New York · Community improvement and capacity building