EIN 11-2436149

Queens Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
30
Year formed
1976
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Queens Economic Development Corporation creates and retains jobs by establishing programs that assist small businesses, promote tourism, and enhance business development. It provides individual counseling, workshops, and seminars to new entrepreneurs seeking to open or grow their businesses. QEDC offers training in business plan preparation through the StartUp Business Competition. By working with local businesses and merchant organizations, it provides assistance and advice to improve targeted neighborhoods' micro-economy. Additionally, QEDC runs graffiti removal programs.
Total revenues
$2,989,661
2023
Total expenses
$2,975,906
2023
Total assets
$2,555,923
2023
Num. employees
30
2023

Program areas at Queens Economic Development Corporation

Business Services & Training: QEDC provides individual counseling, workshops,and seminars to new and emerging entrepreneurs seeking to open and/or grow their business. Training is offered in business plan preparation through the StartUp Business Competition and the Entrepreneurial Assistance Program. The Home Improvement Contractor Training program helps unlicensed handymen and women receive their New York City Department of Consumer Affairs license.
Entrepreneur Space: Provides a commercial kitchen and office space for new and growing food-based businesses. The incubator has all the necessary equipment and resources to start a food manufacturing business. The incubator also provides technical and business counseling as well as marketing opportunities.
Neighborhood Development: Working with local businesses and newly formed merchant's organizations, the QEDC provides organizational assistance and advice to improve the micro-economy of targeted neighborhoods. QEDC also provides graffiti removal programs in several communities.The program also promotes Tourism in Queens.

Who funds Queens Economic Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
City Parks Foundation (CPF)Maintain, Program and Activate Nyc Open Spaces$30,000
The Blackbaud Giving FundGeneral Support$15,000
Abny FoundationArts, Culture & Entertainment$10,000
...and 4 more grants received

Personnel at Queens Economic Development Corporation

NameTitleCompensation
Seth BornsteinExecutive Director$147,500
Michael GillenDirector of Technology and Communications
Sam SmouhaDirector of Social Media
Rob MacKayDeputy Executive Dir. , Community
Andrea OrmenoDeputy Executive Dir. , Business Services
...and 9 more key personnel

Financials for Queens Economic Development Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$2,545,454
Program services$444,153
Investment income and dividends$54
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,989,661

Form 990s for Queens Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-08990View PDF
2022-062023-04-16990View PDF
2021-062022-02-07990View PDF
2020-062022-03-23990View PDF
2019-062021-03-15990View PDF
...and 9 more Form 990s
Data update history
October 12, 2024
Updated personnel
Identified 2 new personnel
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $15,000 from The Blackbaud Giving Fund
July 10, 2024
Received grants
Identified 1 new grant, including a grant for $1,000 from The Rebny Foundation
May 23, 2024
Posted financials
Added Form 990 for fiscal year 2023
December 27, 2023
Received grants
Identified 3 new grant, including a grant for $30,000 from City Parks Foundation (CPF)
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
120-55 Queens Blvd
Kew Gardens, NY 11424
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Queens County, NY
Website URL
discoverqueens.info/ 
Phone
(718) 263-0546
IRS details
EIN
11-2436149
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1976
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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