Nonprofit · EIN 20-4539725
SEAWAY PRIVATE EQUITY CORPORATION
Tax-exempt · POTSDAM, NY 13699
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | -$1,705,660 | $47,215 | -$1,752,875 | $5,136,191 | $5,980 | $5,130,211 |
| December 31, 2024 | 990 | $40,900 | $37,804 | $3,096 | $6,888,506 | $5,420 | $6,883,086 |
| December 31, 2023 | 990 | $42,931 | $37,602 | $5,329 | $6,885,496 | $5,506 | $6,879,990 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- -$1,705,660
- Net gain from sales of assets
- -$1,771,385
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10,790
- Accounting fees
- $6,386
- Program services (functional)
- $13,501
- Management and general (functional)
- $33,714
Balance sheet and other
- Total assets, start of year
- $6,888,506
- Total assets, end of year
- $5,136,191
- Total liabilities, end of year
- $5,980
- Net assets, end of year
- $5,130,211
- Net assets without donor restrictions
- $5,130,211
- Gross receipts
- $65,725
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2005
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR ZVI SZAFRAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RONALD MCDOUGALL | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| ALEC JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 |
| DAPHNE PICKERT | SECRETARY Trustee or director, Officer | 2 | $0 |
| ALEXANDRA JACOBS - WILKE | DIRECTOR Trustee or director | 2 | $0 |
| JAMEY HOOSE | DIRECTOR Trustee or director | 2 | $0 |
| RUSS STRAIT | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR ZVI SZAFRAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RONALD MCDOUGALL | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| ALEC JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 |
| DAPHNE PICKERT | SECRETARY Trustee or director, Officer | 2 | $0 |
| ALEXANDRA JACOBS - WILKE | DIRECTOR Trustee or director | 2 | $0 |
| KATHRYN MORRIS | DIRECTOR Trustee or director | 2 | $0 |
| MATHEW DRAPER | DIRECTOR Trustee or director | 2 | $0 |
| RUSS STRAIT | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR ZVI SZAFRAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RONALD MCDOUGALL | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| ALEC JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 |
| DAPHNE PICKERT | SECRETARY Trustee or director, Officer | 2 | $0 |
| ALEXANDRA JACOBS - WILKE | DIRECTOR Trustee or director | 2 | $0 |
| KATHRYN MORRIS | DIRECTOR Trustee or director | 2 | $0 |
| MATHEW DRAPER | DIRECTOR Trustee or director | 2 | $0 |
| RUSS STRAIT | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- CO CLARKSON UNIVERSITY BOX 8561, POTSDAM, NY 13699-0001
- In care of
- % CITEC INC
- Principal officer (990 for 2025)
- DR ZVI SZAFRAN, C/O CLARKSON UNIVERSITY BOX 8561, POTSDAM, NY 13699
- Signed the 990
- DR ZVI SZAFRAN, PRESIDENT
- Phone
- (315) 268-3778
- Website
- WWW.SPECINVEST.ORG
- Return prepared by
- PINTO MUCENSKI HOOPER VANHOUSE & CO CPA
Mission
PROMOTION OF JOB DEVELOPMENT AND ATTRACTION OF NEW INDUSTRY TO ST LAWRENCE COUNTY NY THROUGH MATCHING 50% OF INVESTMENTS BY QUALIFIED PRIVATE INVESTORS IN NEW VENTURES
Program accomplishments
- PROMOTION OF JOB DEVELOPMENT AND ATTRACTION OF NEW INDUSTRY TO ST LAWRENCE COUNTY NY THROUGH MATCHING 50% OF INVESTMENTS BY QUALIFIED PRIVATE INVESTORS IN NEW VENTURESExpenses $13,501
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 | 990 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
- 20-4539725
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $5,136,191
- Income (IRS master file)
- $65,725
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | -$1,705,660 | $47,215 | $5,136,191 | XML |
| 990 | December 2024 | $40,900 | $37,804 | $6,888,506 | XML |
| 990 | December 2023 | $42,931 | $37,602 | $6,885,496 | XML |
| 990 | December 2022 | -$889,361 | $37,019 | $6,880,061 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 20-4539725).
Questions about SEAWAY PRIVATE EQUITY CORPORATION
- What is the EIN of SEAWAY PRIVATE EQUITY CORPORATION?
- The employer identification number (EIN) of SEAWAY PRIVATE EQUITY CORPORATION is 20-4539725.
- Is SEAWAY PRIVATE EQUITY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to SEAWAY PRIVATE EQUITY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEAWAY PRIVATE EQUITY 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 SEAWAY PRIVATE EQUITY 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 SEAWAY PRIVATE EQUITY 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 SEAWAY PRIVATE EQUITY CORPORATION?
- The 990 for the year ended December 31, 2025 names DR ZVI SZAFRAN.
- Who are the officers and directors of SEAWAY PRIVATE EQUITY CORPORATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does SEAWAY PRIVATE EQUITY CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of -$1,705,660, expenses of $47,215 and total assets of $5,136,191 at year end.
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All nonprofits in POTSDAM · New York · Community improvement and capacity building