Nonprofit · EIN 36-5042770
CAPE VINCENT LOCAL DEVELOPMENT CORPORATION
Tax-exempt · CAPE VINCENT, NY 13618
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $54,914 | $62,630 | -$7,716 | $170,633 | $575 | $170,058 |
| December 31, 2024 | 990 | $104,519 | $55,754 | $48,765 | $179,120 | $1,346 | $177,774 |
| December 31, 2023 | 990-PF | $186,582 | $57,573 | $129,009 | $129,009 | $0 | $129,009 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $50,000
- of which government grants
- $50,000
- Program service revenue
- $0
- Investment income
- $4,914
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,718
- Accounting fees
- $9,400
- Occupancy
- $900
- Program services (functional)
- $45,766
- Management and general (functional)
- $16,864
Balance sheet and other
- Total assets, start of year
- $179,120
- Total assets, end of year
- $170,633
- Total liabilities, end of year
- $575
- Net assets, end of year
- $170,058
- Net assets without donor restrictions
- $170,058
- Gross receipts
- $54,914
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2022
- 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 |
|---|---|---|---|
| DAVID SNOW | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM MCQUEENY | BOARD MEMBER Trustee or director | 1 | $0 |
| MARY FARRELL | CHAIR - PRIOR Trustee or director, Officer | 1 | $0 |
| AMANDA MASON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| WILLIAM MCDONOUGH | CHAIR - CURRENT Trustee or director | 1 | $0 |
| CAROL THOMAS | TREASURER - PRIOR Trustee or director, Officer | 1 | $0 |
| DANIEL WILEY | BOARD MEMBER Trustee or director | 1 | $0 |
| PAM YOUNGS | BOARD MEMBER Trustee or director | 1 | $0 |
| KATHLEEN KARENKO | TREASURER - CURRENT Trustee or director, Officer | 1 | $0 |
| MICHAEL KINNIE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN NICHOLS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID SNOW | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM MCQUEENY | BOARD MEMBER Trustee or director | 1 | $0 |
| MARY FARRELL | CHAIR Trustee or director, Officer | 1 | $0 |
| JEANIE FITZGERALD | SECRETARY Trustee or director, Officer | 1 | $0 |
| AMANDA MASON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| WILLIAM MCDONOUGH | BOARD MEMBER Trustee or director | 1 | $0 |
| CAROL THOMAS | TREASURER Trustee or director, Officer | 1 | $0 |
| DANIEL WILEY | BOARD MEMBER Trustee or director | 1 | $0 |
| PAM YOUNGS | BOARD MEMBER Trustee or director | 1 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAM YOUNGS 121 S MARKET ST PO BOX 915, CAPE VINCENT, NY 13618 | BOARD MEMBER | 1 | $0 |
| DAN WILEY 121 S MARKET ST PO BOX 915, CAPE VINCENT, NY 13618 | BOARD MEMBER | 1 | $0 |
| MARY FARRELL 121 S MARKET ST PO BOX 915, CAPE VINCENT, NY 13618 | CHAIR | 1 | $0 |
| JEANIE FITZGERALD 121 S MARKET ST PO BOX 915, CAPE VINCENT, NY 13618 | SECRETARY | 1 | $0 |
| AMANDA MASON 121 S MARKET ST PO BOX 915, CAPE VINCENT, NY 13618 | VICE CHAIR | 1 | $0 |
| WILLIAM MCDONOUGH 121 S MARKET ST PO BOX 915, CAPE VINCENT, NY 13618 | BOARD MEMBER | 1 | $0 |
| CAROL THOMAS 121 S MARKET ST PO BOX 915, CAPE VINCENT, NY 13618 | TREASURER | 1 | $0 |
| JOSEPH DEJOIA 121 S MARKET ST PO BOX 915, CAPE VINCENT, NY 13618 | BOARD MEMBER | 1 | $0 |
| JIM MCQUEENY 121 S MARKET ST PO BOX 915, CAPE VINCENT, NY 13618 | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 915, CAPE VINCENT, NY 13618-0915
- Principal officer (990 for 2025)
- WILLIAM MCDONOUGH, 121S MARKET STREET PO BOX 915, CAPE VINCENT, NY 13618
- Signed the 990
- WILLIAM MCDONOUGH, CHAIR
- Phone
- (315) 408-4530
- Return prepared by
- BOWERS ADVISORS LLC
Mission
TO SERVE AS A RESOURCE TO THE CAPE VINCENT COMMUNITY IN ATTRACTING INVESTMENT, FOSTERING COMPATIBLE GROWTH, AND PROTECTING/ENHANCING QUALITY OF LIFE THROUGH ADVANCEMENT OF OUR STRATEGIC IMPERATIVES.
Program accomplishments
- THE CORPORATION'S MISSION AND PUBLIC OBJECTIVE, WHICH THE CORPORATION'SPURPOSE WILL ACHIEVE, INCLUDES THE LESSENING OF THE BURDENS OF GOVERNMENT BY UNDERTAKING AND PROMOTING ECONOMIC DEVELOPMENT INITIATIVES IN THE TOWN OF CAPE VINCENT, NEW YORK, THAT WILL INCLUDE COMMUNITY-BASED ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING THE ADMINISTRATION OF BUSINESS RETENTION AND ATTRACTION ACTIVITIES, PROVIDLNG FINANCIAL ASSISTANCE TO BUSINESSES AND ORGANIZATIONS WITHIN THE TOWN, UNDERTAKING REAL ESTATE AUD INFRASTRUCTURE DEVELOPMENT PROJECTS, PROVIDING REAL ESTATE AND INFRASTRUCTURE PROJECT FINANCE, AND ANY OTHER ACTIVITIES PERMISSIBLE UNDER THE NOT-FOR-PROFIT CORPORATION.Expenses $45,766
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-PF on file |
IRS record
- EIN
- 36-5042770
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $170,633
- Income (IRS master file)
- $54,914
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $186,582 | $57,573 | $129,009 | 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 CAPE VINCENT LOCAL DEVELOPMENT CORPORATION
- What is the EIN of CAPE VINCENT LOCAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CAPE VINCENT LOCAL DEVELOPMENT CORPORATION is 36-5042770.
- Is CAPE VINCENT LOCAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to CAPE VINCENT LOCAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPE VINCENT LOCAL DEVELOPMENT 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 CAPE VINCENT LOCAL DEVELOPMENT 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 CAPE VINCENT LOCAL DEVELOPMENT 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 CAPE VINCENT LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names WILLIAM MCDONOUGH.
- Who are the officers and directors of CAPE VINCENT LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does CAPE VINCENT LOCAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $54,914, expenses of $62,630 and total assets of $170,633 at year end.
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All nonprofits in CAPE VINCENT · New York · Community improvement and capacity building