2020-07-07T12:07:35-05:00 2019-12-31 132550103 D'ARCANGELO & CO LLP 120 LOMOND COURT UTICA NY 135025950 990 2019-01-01 160874637 ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION ECON 3153380393 584 PHOENIX DRIVE ROME NY 13441 STEVEN DIMEO PRESIDENT 3153380393 2020-06-22 1 ROY A MILLER CPA P00633512 3157355216 2020-06-22 209.217.215.146 2020-06-22 15:35:31 ED P A515CF4B3DD06CED8D750AC084C2E03101E91E81 548785C8F181C3A4AD257DA099CAF36C6FB6777C 2019 2020-11-06 18:47:13Z STEVEN DIMEO 584 PHOENIX DRIVE ROME NY 13441 19792287 0 X WWW.MVEDGE.ORG X 1963 NY TO IMPROVE AND EXPAND BUSINESS, COMMUNITY AND EMPLOYMENT OPPORTUNITIES IN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS. X 52 52 17 52 0 0 7784447 12909936 2105342 1705720 24816 -598647 11984 2800662 9926589 16817671 0 295343 0 0 1412903 1455881 0 0 0 8576404 5803602 9989307 7554826 -62718 9262845 51694001 32886744 25647600 9578854 26046401 23307890 TO IMPROVE AND EXPAND BUSINESS, COMMUNITY AND EMPLOYMENT OPPORTUNITIES IN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS. 0 0 6662269 295343 3864618 ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION (EDGE) AND ITS SUBSIDIARIES ARE INVOLVED IN ACTIVITIES DESIGNED TO IMPROVE AND EXPAND THE BUSINESS COMMUNITY AND EMPLOYMENT WITHIN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS AND PROMOTE THE GENERAL ECONOMIC DEVELOPMENT OF THE AREA. A PRIMARY ACTIVITY OF EDGE IS THE ARRANGEMENT OF AND/OR PARTICIPATION IN FINANCING PACKAGES FOR LOCAL BUSINESSES, PRINCIPALLY THROUGH LOCAL BANKS, THE SMALL BUSINESS ADMINISTRATION, AND THE EMPIRE STATE DEVELOPMENT CORPORATION. IN ADDITION, EDGE PREPARES ECONOMIC DEVELOPMENT PLANS, PERFORMS RESEARCH, AND CARRIES OUT A UNIFIED MARKETING PROGRAM FOR THE PURPOSE OF ADVANCING ECONOMIC GROWTH IN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS. A SIGNIFICANT PORTION OF EDGE'S REVENUE IS DERIVED FROM GOVERNMENT GRANTS. 6662269 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 1 21 0 17 1 0 0 0 0 0 0 0 0 0 0 X 52 52 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X MAUREEN CARNEY 3153380393 584 PHOENIX DRIVE ROME NY 13441 LAWRENCE T GILROY III MEMBER 1.00 X 0 0 0 MICHELE SALISBURY MEMBER 1.00 X 0 0 0 LAURA CASAMENTO MEMBER 1.00 X 0 0 0 RONALD A CUCCARO MEMBER 1.00 X 0 0 0 CHRIS PAPAYANAKOS MEMBER 1.00 X 0 0 0 ENESSA CARBONE MEMBER 1.00 X 0 0 0 HAROLD T CLARK JR MEMBER 1.00 X 0 0 0 PETER BAILDON MEMBER 1.00 X 0 0 0 MARIANNE GAIGE MEMBER 1.00 X 0 0 0 MICHAEL FRAME MEMBER 1.00 X 0 0 0 PATRICK BECHER TREASURER 1.00 X X 0 0 0 GREG HARDEN MEMBER 1.00 X 0 0 0 KIRK HINMAN MEMBER 1.00 X 0 0 0 JUSTIN HUMMEL MEMBER 1.00 X 0 0 0 RUSS BREWER MEMBER 1.00 X 0 0 0 RAYMOND HALBRITTER MEMBER 1.00 X 0 0 0 RANDY VAN WAGONER MEMBER 1.00 X 0 0 0 SONDRA BUTCHER MEMBER 1.00 X 0 0 0 RYAN O'SHAUGHNESSY MEMBER 1.00 X 0 0 0 CHARLES GREEN MEMBER 1.00 X 0 0 0 JOHN ROMANO MEMBER 1.00 X 0 0 0 RICHARD CREEDON MEMBER 1.00 X 0 0 0 BRIAN LOUGHLIN MEMBER 1.00 X 0 0 0 NICHOLAS MATT MEMBER 1.00 X 0 0 0 STEPHEN WATERS MEMBER 1.00 X 0 0 0 ALICIA DICKS MEMBER 1.00 X 0 0 0 DAVID M MANZELMANN CHAIR OF THE BOARD 1.00 X X 0 0 0 JOHN BUFFA MEMBER 1.00 X 0 0 0 LUKE POMILIO MEMBER 1.00 X 0 0 0 MARIA I KONTARIDIS MEMBER 1.00 X 0 0 0 TIMOTHY BUTCHER MEMBER 1.00 X 0 0 0 MIKE HENNESSEY MEMBER 1.00 X 0 0 0 JOHN J PISECK MEMBER 1.00 X 0 0 0 RICHARD TANTILLO MEMBER 1.00 X 0 0 0 EVE VAN DE WAL MEMBER 1.00 X 0 0 0 DAVID LUNDQUIST MEMBER 1.00 X 0 0 0 MICHAEL J PARSONS MEMBER 1.00 X 0 0 0 BRIAN ANDERSON MEMBER 1.00 X 0 0 0 NICHOLAS MAYHEW MEMBER 1.00 X 0 0 0 CATHLEEN MCCOLGIN MEMBER 1.00 X 0 0 0 DAVID KAVNEY MEMBER 1.00 X 0 0 0 ROCCO ARCURI CHAIR ELECT 1.00 X X 0 0 0 MARK PFISTERER MEMBER 1.00 X 0 0 0 JIM MCCARTHY MEMBER 1.00 X 0 0 0 GENO DECONDO VICE CHAIR 1.00 X X 0 0 0 SABRINA WEBSTER MEMBER 1.00 X 0 0 0 DARIA HELMER EX-OFFICIO VOTING MEMBER 1.00 X 0 0 0 JOSEPH CIRILLO EX-OFFICIO VOTING MEMBER 1.00 X 0 0 0 JOHN SNYER EX-OFFICIO VOTING MEMBER 1.00 X 0 0 0 RONALD EDWARDS EX-OFFICIO VOTING MEMBER 1.00 X 0 0 0 WES CUPP EX-OFFICIO VOTING MEMBER 1.00 X 0 0 0 NICHOLAS BRUNO SECRETARY 40.00 X 53854 0 14246 MAUREEN CARNEY CHIEF FINANCIAL OFFICER 40.00 X 94686 0 17991 STEVEN DIMEO PRESIDENT 40.00 X 253872 0 37855 SHAWNA PAPALE CHEIF ADMINISTRATIVE OFFIC 40.00 X 125309 0 36069 527721 0 106161 2 0 1 0 MCPHEE ELECTRIC LTD 505 MAIN ST FARMINGTON CT 06032 CONSTRUCTION 5457398 SIEMENS INDUSTRY INC 6075 E MOLLOY RD 4 SYRACUSE NY 13211 SOFTWARE COMPANY 3728499 ALLIANCE PAVING MATERIALS 846 LAWRENCE ST ROME NY 13440 CONSTRUCTION 1648446 KEYSTONE ELECTRICAL MANUFACTURING CO 2511 BELL AVE DES MONIES IA 50321 CONSTRUCTION 801647 JBS DIRT INC 7901 GEE RD CANASTOTA NY 13032 EXCAVATING CONTRACTOR 586783 15 192850 174560 12312701 229825 12909936 SERVICE CONTRACTS 561000 1370489 1370489 LEASE INCOME 532000 307550 307550 LOAN INTEREST INCOME 525990 27681 27681 1705720 43117 43117 32852 2300000 34019 2940597 -1167 -640597 -641764 -641764 0 174560 0 0 REFUNDS/ DEPOSITS 900099 2753539 2753539 OTHER INCOME 900099 47123 47123 2800662 16817671 3864618 0 43117 X 295343 295343 472504 302403 170101 726077 465030 261047 64668 41388 23280 116235 64039 52196 76397 48894 27503 332040 213474 118566 20245 20245 4304511 4292874 11637 151560 121148 30412 89215 35972 53243 75853 52910 22943 30069 17912 12157 26854 5682 21172 130763 130763 91767 91767 43752 27036 16716 LEASE RELATED EXPENSES 280296 277450 2846 REPAIRS AND MAINTENANCE 41945 41945 MINOR EQUIPMENT 41644 41644 AWARDS DINNER EXPENSE 40508 40508 102580 54087 48493 7554826 6662269 892557 0 21252286 7888837 2451784 3713375 4749036 2573577 203173 136512 1192527 1342265 1061353 882214 16128821 416956 4496013 15711865 72815 107051 15531135 683879 531048 51694001 32886744 1947504 1728098 28517 5599 2901 19909 1476504 8528 22192174 7816720 25647600 9578854 X 25986051 23247540 60350 60350 26046401 23307890 51694001 32886744 X 9262845 14018 3582989 -15598363 X 0 1 X 1 0 X 12368719 33744301 29440399 7784447 12909936 96247802 12368719 33744301 29440399 7784447 12909936 96247802 96247802 10243 10859 11794 25276 55968 114140 96361942 11783549 0.99880 0.99930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1377105 1377105 523748 416956 106792 14227968 14227968 15711865 COMPENSATED ABSENCES 84872 DEFERRED COMPENSATION OBLIGATION 107051 REFUNDABLE ADVANCES 7624797 7816720 17472286 14018 14018 17458268 -640597 -640597 16817671 18472180 10276757 10276757 8195423 -640597 -640597 7554826 PART IV, LINE 2B: EDGE HOLDS CASH DEPOSITS RECEIVED ON BEHALF OF THE COMMERCIALIZATION ACADEMY THAT ARE HELD TO REIMBURSE FUTURE EXPENSES OF STUDENTS IN THE PROGRAM. EDGE IS THE ADMINISTRATOR FOR THE PROGRAM EXPENSES. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF PROPERTY -640,597. PART XII, LINE 2D - OTHER ADJUSTMENTS: DISCONTINUED OPERATIONS OF SUBSIDIARY 10,276,757. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF PROPERTY -640,597. ANNUAL AWARDS EVENT 121060 121060 SITE SELECTORS GUILD EVENT 53500 53500 174560 174560 1 DELTA HARDWOOD FLOORING 210 GROVE ST BOONEVILLE NY 13309 270904590 66650 JOBS CREATION PROJECT GRANT RIVERHAWK COMPANY 215 CLINTON RD NEW HARTFORD NY 13413 161473062 98000 JOBS CREATION PROJECT GRANT PARIS COMPRESSION MOLDING LLC 2421 STATE RT 12 WATERVILLE NY 13480 823368016 13451 JOBS CREATION PROJECT GRANT ADIRONDACK BARREL COOPERAGE LLC 1005 WILLIAMS RD REMSEN NY 13438 464810415 41300 JOBS CREATION PROJECT GRANT AUDIOPTIX LLC 8441 SENECA TPKE NEW HARTFORD NY 13413 824660889 34642 JOBS CREATION PROJECT GRANT WILSON'S NURSERY OF WATERVILLE INC 6929 STATE RTE 20 WATERVILLE NY 13480 812863890 41300 JOBS CREATION PROJECT GRANT X X 0 0 0 0 0 0 0 0 0 STEVEN DIMEO PRESIDENT 253872 0 0 0 0 0 25249 0 12606 0 291727 0 0 0 SHAWNA PAPALE CHEIF ADMINISTRATIVE OFFIC 125309 0 0 0 0 0 13798 0 22271 0 161378 0 0 0 DISCONTINUED OPERATIONS OF SUBSIDIARY 2019-12-31 15598363 BOOK VALUE AT COST 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EDGE HAS MEMBERS THAT PAY DUES TO SUPPORT THE ORGANIZATION'S MISSION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP ELECTS THE BOARD OF DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B BEFORE THE FILING OF THE FORM 990, A COMPLETE COPY THEREOF IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND/OR COMMENTS. THE 990 IS THEN RECOMMENDED BY THE EXECUTIVE COMMITTEE TO THE FULL BOARD AND IS APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS ARE DOCUMENTED, KEPT ON FILE, AND REVIEWED BY THE AUDIT COMMITTEE ON AN AS NEEDED BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE CONDUCTS A YEARLY REVIEW OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL SERVICE/BENEFITS ADMIN: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,398. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,398. CONTRACTORS: PROGRAM SERVICE EXPENSES 3,687,888. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,687,888. CONSULTANTS: PROGRAM SERVICE EXPENSES 604,986. MANAGEMENT AND GENERAL EXPENSES 239. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 605,225. FORM 990, PART XI, LINE 9: LOSS ON DISCONTINUED OPERATIONS OF SUBSIDIARY -15,598,363. 5900 SUCCESS DR REALTY LLC 584 PHOENIX DRIVE ROME NY 13441 030480592 REAL ESTATE HOLDING NY 42733 ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION 394 HANGAR ROAD CORPORATION 584 PHOENIX DRIVE ROME NY 13441 141859325 REAL ESTATE HOLDING NY ECONOMIC DEVELOPMENT GROWTH ENTERPRISES C 3318 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 394 HANGAR ROAD CORPORATION B 67228 CASH FLOW NEEDS