Nonprofit · EIN 22-2880333
CENTER FOR ECONOMIC GROWTH
Tax-exempt · ALBANY, NY 12205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,456,973 | $1,662,378 | -$205,405 | $1,334,669 | $274,340 | $1,060,329 |
| December 31, 2023 | 990 | $1,318,359 | $1,459,413 | -$141,054 | $1,545,948 | $280,214 | $1,265,734 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $846,907
- of which government grants
- $584,999
- Program service revenue
- $562,577
- Investment income
- $26
- Other revenue
- $47,463
Expenses
- Grants and similar amounts paid
- $190,914
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $50
- Travel
- $7,966
- Depreciation
- $17,088
- Program services (functional)
- $1,585,336
- Management and general (functional)
- $77,042
Balance sheet and other
- Total assets, start of year
- $1,545,948
- Total assets, end of year
- $1,334,669
- Total liabilities, end of year
- $274,340
- Net assets, end of year
- $1,060,329
- Land, buildings and equipment
- $333
- Net assets without donor restrictions
- $1,060,329
- Gross receipts
- $1,456,973
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1987
- 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 | Other / benefits |
|---|---|---|---|---|---|
| MARK EAGAN | PRESIDENT & CEO Officer | 2 | $17,483 | $419,585 | $85,598 |
| KATHERINE JN BELMONT | CHIEF ECONOMIC DEVELOPMENT Highest-paid employee | 7 | $27,005 | $153,026 | $24,546 |
| CHRISTINE HOLLE | VP, FINANCE & OPERATIONS Officer | 6 | $19,401 | $119,176 | $11,907 |
| DON WIESENFORTH | SENIOR VICE PRESIDENT, CEG Highest-paid employee | 40 | $134,828 | $0 | $11,612 |
| THOMAS BELL | PROJECT DIRECTOR, TECHNOLOGY SERVICES Highest-paid employee | 40 | $117,640 | $0 | $9,236 |
| DAVID DEMARCO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN O'GRADY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FRAN O'ROURKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHEN OBERMAYER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KIMBERLY IRELAND | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARK EAGAN | PRESIDENT & CEO Officer | 4 | $37,746 | $386,904 | $76,616 |
| KATHERINE JN BELMONT | CHIEF ECONOMIC DEVELOPMENT OFFICER Highest-paid employee | 1 | $3,823 | $168,197 | $23,550 |
| CHRISTINE HOLLE | VP, FINANCE & OPERATIONS Officer | 5 | $14,758 | $118,065 | $11,813 |
| DON WIESENFORTH | SENIOR VICE PRESIDENT, CEG Highest-paid employee | 40 | $123,530 | $0 | $2,196 |
| RICHARD HENDRICK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATIE NEWCOMBE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROGER RAMSAMMY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FRAN O'ROURKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHEN OBERMAYER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID DEMARCO | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN BENNETT | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5 COMPUTER DR S, ALBANY, NY 12205-1608
- Principal officer (990 for 2024)
- MARK N EAGAN, 5 COMPUTER DR S, ALBANY, NY 12205
- Signed the 990
- MARK N EAGAN, PRESIDENT & CEO
- Phone
- (518) 431-1416
- Website
- WWW.CEG.ORG
- Return prepared by
- UHY ADVISORS NORTHEAST INC
Mission
PROVIDE CUSTOMIZED STRATEGIES TO SMALL-TO-MIDDLE SIZED COMPANIES IN THE MANUFACTURING TECHNOLOGY SECTORS TO IMPROVE PRODUCTIVITY, INCREASE SALES, REDUCE COSTS, LAUNCH NEW PRODUCTS AND GROW THEIR BOTTOM LINE. IN ADDITION, WE ENGAGE IN A VARIETY OF INITIATIVES TO DEVELOP A SKILLED WORKFORCE TO SERVE THE REGION'S EMPLOYER COMMUNITY.
Program accomplishments
- MANUFACTURING SOLUTIONS - OBJECTIVE IS TO SERVICE SMALL TO MEDIUM SIZED COMPANIES (SMES) IN THE MANUFACTURING AND TECHNOLOGY SECTORS ACROSS SEVERAL INDUSTRIES AND HELP THEM GROW AND COMPETE IN THE 21ST CENTURY. THE PROGRAM IS SUPPORTED BY NEW YORK STATES NYSTART PROGRAM (DIVISION OF SCIENCE, TECHNOLOGY AND INNOVATION) AND THE NIST (NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY) THROUGH THE MANUFACTURING EXTENSION PARTNERSHIP PROGRAM. THESE SERVICES HELP SMES REALIZE NEW REVENUES AND INCREASE PROFITABILITY THROUGH ASSISTING THEM IN INCREASING SALES, IMPROVING PRODUCTIVITY AND OPERATIONS, LAUNCHING NEW PRODUCTS, ALIGNING EXECUTIVE TEAM STRATEGIES AND MORE. INTERNAL CEG TEAM MEMBERS, AS WELL AS THIRD-PARTY PARTNERS, PROVIDE THESE SERVICES. CEG IS ALSO RECOGNIZED AS THE REGIONAL TECHNOLOGY DEVELOPMENT CENTER (RTDC), FOCUSED ON PROMOTING TECHNOLOGY DEVELOPMENT, TECHNOLOGY TRANSFER, MANAGEMENT, AND TECHNOLOGY SECTORS. THIS DESIGNATION ALLOWS CEG TO LEVERAGE GRANT FUNDS FOR CLIENTS THROUGH PARTNERS SUCH AS NATIONAL GRID AND THE WORKFORCE DEVELOPMENT INSTITUTE.Expenses $1,128,393 · revenue $336,212
- PEOPLE/WORKFORCE DEVELOPMENT - WORKING DILIGENTLY TO BUILD A SKILLED WORKFORCE AND EDUCATION PIPELINE; TO CULTIVATE A STRONG SKILLED WORKFORCE; ENSURE ALIGNMENT OF EDUCATION PARTNER OFFERINGS TO LOCAL COMPANIES NEEDS, ATTRACT NEW WORKERS, AND PREPARE OUR YOUTH FOR FUTURE JOBS, CEG'S PRIMARY FOCUS IS IN MANUFACTURING AND TECHNOLOGY BASED JOBS FOR BOTH SKILLED WORKFORCE, HIGH TECH JOBS, AND MANAGEMENT. CEG IS FUNDED BY BOTH REGIONAL COUNTY WORKFORCE DEVELOPMENT BOARDS (WDBS), AND THE MANUFACTURING ALLIANCE OF CENTRAL NEW YORK (MACNY).Expenses $456,943 · grants $190,914 · revenue $273,828
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 | 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
- 22-2880333
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Social science (V22Z)
- Assets (IRS master file)
- $1,334,669
- Income (IRS master file)
- $1,456,973
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,456,973 | $1,662,378 | $1,334,669 | XML |
| 990 | December 2023 | $1,318,359 | $1,459,413 | $1,545,948 | XML |
| 990 | December 2022 | $1,283,587 | $1,465,356 | $1,845,501 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 22-2880333).
Questions about CENTER FOR ECONOMIC GROWTH
- What is the EIN of CENTER FOR ECONOMIC GROWTH?
- The employer identification number (EIN) of CENTER FOR ECONOMIC GROWTH is 22-2880333.
- Is CENTER FOR ECONOMIC GROWTH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to CENTER FOR ECONOMIC GROWTH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTER FOR ECONOMIC GROWTH 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 CENTER FOR ECONOMIC GROWTH 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 CENTER FOR ECONOMIC GROWTH 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 CENTER FOR ECONOMIC GROWTH?
- The 990 for the year ended December 31, 2024 names MARK N EAGAN.
- Who are the officers and directors of CENTER FOR ECONOMIC GROWTH?
- The 990 for the year ended December 31, 2024 lists 10 people; 5 received compensation from the organization, the highest $17,483 (MARK EAGAN, PRESIDENT & CEO).
- How much revenue does CENTER FOR ECONOMIC GROWTH have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,456,973, expenses of $1,662,378 and total assets of $1,334,669 at year end.
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