Nonprofit · EIN 22-2243540
ADIRONDACK ECONOMIC DEVELOPMENT CORP
Tax-exempt · SARANAC LAKE, NY 12983
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $954,361 | $899,617 | $54,744 | $4,493,249 | $3,304,677 | $1,188,572 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $780,912
- of which government grants
- $630,387
- Program service revenue
- $173,343
- Investment income
- $106
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $197,399
- Other salaries and wages
- $231,526
- Salaries, compensation and benefits (total)
- $428,925
- Professional fundraising fees
- $0
- Travel
- $45,752
- Depreciation
- $2,179
- Program services (functional)
- $736,655
- Management and general (functional)
- $162,962
Balance sheet and other
- Total assets, start of year
- $3,885,012
- Total assets, end of year
- $4,493,249
- Total liabilities, end of year
- $3,304,677
- Net assets, end of year
- $1,188,572
- Land, buildings and equipment
- $7,485
- Net assets without donor restrictions
- $1,165,185
- Net assets with donor restrictions
- $23,387
- Gross receipts
- $954,361
- Employees
- 6
- Year formed
- 1986
- 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 | Other / benefits |
|---|---|---|---|---|
| Victoria Duley | Executive Dir. Officer | 37.5 | $118,154 | $19,881 |
| KEVIN WILSON | FINANCE DIRECT. Officer | 37.5 | $79,245 | $15,619 |
| Cedric Carter | Director Trustee or director | 0.2 | $0 | $0 |
| Heather Couture | Treasurer Trustee or director, Officer | 0.3 | $0 | $0 |
| Robert Aiken | Chairperson Trustee or director, Officer | 0.3 | $0 | $0 |
| Patricia Wilson | Director Trustee or director | 0.2 | $0 | $0 |
| JAMES LAZORE | Vice Chair Trustee or director, Officer | 0.3 | $0 | $0 |
| Molly Ryan | Director Trustee or director | 0.2 | $0 | $0 |
| James Rucker | Secretary Trustee or director, Officer | 0.3 | $0 | $0 |
| Dr Turina Parker | Director Trustee or director | 0.2 | $0 | $0 |
| Bayle Reichert | Director Trustee or director | 0.2 | $0 | $0 |
| Timothy Kononan | Director Trustee or director | 0.2 | $0 | $0 |
| John Piseck Jr | Director Trustee or director | 0.2 | $0 | $0 |
| Tori Riley | Director Trustee or director | 0.2 | $0 | $0 |
| Kelly Gonyo | Director Trustee or director | 0.2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE CAPONE | Director Trustee or director | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 67 MAIN ST STE 300, SARANAC LAKE, NY 12983-5747
- Signed the 990
- Robert Aiken, Chairperson
- Phone
- (518) 891-5523
- Return prepared by
- Martindale Keysor & Co PLLC
Mission
To foster and support the growth of sustainable North Country communities through providing assistance to aspiring entrepreneurs and existing small business owners.
Program accomplishments
- Provide technical business assistance to small businesses; provide consultations to local municipalities for economic development planning and projects.Expenses $736,655
- Provide loan funds for small businesses via SBA and US Department of Agriculture programs and local loan assistance programs.
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
- 22-2243540
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $4,493,249
- Income (IRS master file)
- $954,361
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $950,209 | $757,038 | $3,712,856 | IRS |
| 990 | December 2022 | $1,080,225 | $672,424 | $2,960,837 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 ADIRONDACK ECONOMIC DEVELOPMENT CORP
- What is the EIN of ADIRONDACK ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of ADIRONDACK ECONOMIC DEVELOPMENT CORP is 22-2243540.
- Is ADIRONDACK ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to ADIRONDACK ECONOMIC DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ADIRONDACK ECONOMIC 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 ADIRONDACK ECONOMIC 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 ADIRONDACK ECONOMIC DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of ADIRONDACK ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2025 lists 16 people; 2 received compensation from the organization, the highest $118,154 (Victoria Duley, Executive Dir.).
- How much revenue does ADIRONDACK ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $954,361, expenses of $899,617 and total assets of $4,493,249 at year end.
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