EIN 22-2243540

Adirondack Economic Development Corporation

Name: Adirondack Economic Development Corporation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Saranac Lake

State

New York

Year formed

1986

Most recent tax filings

2023-12-01

NTEE code, primary

S30: Economic Development

Description

Adirondack Economic Development Corporation fosters and supports the growth of sustainable North Country communities by providing technical business assistance to small businesses and consultations to local municipalities for economic development planning and projects. They also provide loan funds for small businesses via SBA and US Department of Agriculture programs and local loan assistance programs.

Total revenues

$950,209

2023

Total expenses

$757,038

2023

Total assets

$3,712,856

2023

Num. employees

2023

Program areas at Adirondack Economic Development Corporation

Provide technical business assistance to small businesses; provide consultations to local municipalities for economic development planning and projects.

Provide loan funds for small businesses via SBA and US Department of Agriculture programs and local loan assistance programs.

Who funds Adirondack Economic Development Corporation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Adirondack Foundation	2023-06	For Loan Loss Reserve for the Adirondack Small Business Capital Access Fund	$30,000
Adirondack Foundation	2023-06	For Building Economic Equity in the North Country	$20,000
Cloudsplitter Foundation	2022-12	General Charitable	$17,000
...and 1 more grant received

Personnel at Adirondack Economic Development Corporation

Name	Title	Compensation	Date of data
Victoria Duley	Executive Director	$105,615	2023-12-31
Stephanie Donaldson	Entrepreneurial Program Manager		2022-10-10
Steve Garneau	Loan Program Manager		2022-10-10
Robert Aiken	Chairperson	$0	2024-08-14
Beverly Deso	Comptroller	$47,675	2023-12-31
...and 9 more key personnel

Financials for Adirondack Economic Development Corporation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$836,500	$978,478	-14.5%
Program services	$113,520	$101,435	11.9%
Investment income and dividends	$189	$312	-39.4%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$950,209	$1,080,225	-12%

Form 990s for Adirondack Economic Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-08-14	990	View PDF
2022-12	2023-06-21	990	View PDF
2021-12	2022-08-03	990	View PDF
2020-12	2021-10-25	990	View PDF
2019-12	2021-10-14	990	View PDF
...and 9 more Form 990s

Organizations like Adirondack Economic Development Corporation

Organization	Type	Location	Revenue
Tellico Reservoir Development Agency (TRDA)	501(c)(3)	Vonore, TN	$4,266,722
Bronx Overall Economic Development Corporation (BXEDC)	501(c)(3)	Bronx, NY	$1,719,593
Lehigh Valley Economic Development Corporation (LVEDC)	501(c)(3)	Bethlehem, PA	$3,329,962
South Central Dakota Regional Council	501(c)(3)	Jamestown, ND	$290,364
Franklin County Community Development Corporation	501(c)(3)	Greenfield, MA	$4,180,733
Economic Development Partnership of Hillsdale County	501(c)(3)	Jonesville, MI	$299,538
North Central Indiana Regional Planning Council	501(c)(3)	Peru, IN	$407,813
Fort Belknap Community Economic Develop Ment Corporation	501(c)(3)	Fort Belknap, MT	$484,577
West Virginia Community Development Hub	501(c)(3)	Charleston, WV	$2,815,051
Lake Agassiz Regional Development Corporation	501(c)(3)	Fargo, ND	$1,082,438

Data update history

September 21, 2024

Updated personnel

Identified 5 new personnel

May 19, 2024

Received grants

Identified 4 new grant, including a grant for $30,000 from Adirondack Foundation

August 3, 2023

Posted financials

Added Form 990 for fiscal year 2022

August 3, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 26, 2023

Updated personnel

Identified 2 new personnel

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCommunity Development Financial InstitutionsCharities

Issues

Community improvementEconomic development

Characteristics

Receives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations

General information

Address: 67 Main St 300; Saranac Lake, NY 12983
County: Franklin County, NY
Website URL: aedconline.com/
Phone: (518) 891-5523

IRS details

EIN: 22-2243540
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1986
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S30: Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Adirondack Economic Development Corporation

Program areas at Adirondack Economic Development Corporation

Who funds Adirondack Economic Development Corporation

Personnel at Adirondack Economic Development Corporation

Financials for Adirondack Economic Development Corporation

Form 990s for Adirondack Economic Development Corporation

Organizations like Adirondack Economic Development Corporation

Nonprofits

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