Columbia Economic Development Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141755710 ✦ Hudson, NY ✦ Designated as a 501(c)(3)

Overview

What is Columbia Economic Development Corp?

Columbia Economic Development Corp, based in Hudson, New York, serves as the primary economic development organization for Columbia County. Their mission is to bolster the local economy by creating jobs and enhancing the tax base. They accomplish this by supporting businesses in establishing and expanding within the county, as well as promoting Columbia County as an attractive destination for both business investment and personal opportunities. In the past year, the corporation lent $943,500 to various local businesses, with $623,778 of those loans being repaid. The corporation's activities include promoting its mission, meeting program expectations, and managing various expenses related to payroll, office, marketing, and consulting. A dedicated team of six employees works tirelessly to achieve these goals.


Official website here: www.columbiaedc.com

Is Columbia Economic Development Corp legitimate?

Columbia Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Economic Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $268,174

For more financial information, click here


Official website here: www.columbiaedc.com

What is the mission statement of Columbia Economic Development Corp?

The Columbia Economic Development Corp serves as the primary economic development organization in an unspecified location. Their mission is centered around enhancing the local economy and job market. They strive to boost the tax base by fostering economic development and job creation. The corporation also assists existing businesses in expanding within the area and promotes the region as an attractive destination for both business investment and personal opportunities.


Official website here: www.columbiaedc.com

Who is the CEO of Columbia Economic Development Corp?

F Michael Tucker is the Chairman of Columbia Economic Development Corp. The CEO's salary of Columbia Economic Development Corp is $0 and their total compensation is $132,000.


Official website here: www.columbiaedc.com

What is the revenue of Columbia Economic Development Corp?

Columbia Economic Development Corp's revenue in 2022 was $1,131,840.


Official website here: www.columbiaedc.com

Who are the executives of Columbia Economic Development Corp and what are their salaries?

The average compensation at Columbia Economic Development Corp during 2022 was $44,696. There are 6 employees and 26 volunteers at Columbia Economic Development Corp.

Here are 27 key members and their salaries (Columbia Economic Development Corp's CEO's salary is $0 and their total compensation is $132,000):

    F Michael Tucker (President & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $132,000

    • David Fingar (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Calvin (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Sterling (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tarah Gay (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ruth Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Cummings (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carlee Rader Drummer (Ex-Officio Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Finnegan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Derek Grout (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Lapenn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenneth Leggett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carmine Pierro (Ex-Officio Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Seth Rapport (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Scalera (Ex-Officio Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Stickles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Benson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anita Otey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anand Balazar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michale S Johnston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rachel Levine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bryan Mahoney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Molinski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Rector (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Hochman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sean Sawyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.columbiaedc.com

    Where can I find the form 990 for Columbia Economic Development Corp?

    The Columbia Economic Development Corp’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.columbiaedc.com

    Learn more at the official website: www.columbiaedc.com

    Mission Statement of Columbia Economic Development Corp

    Columbia Economic Development Corp, serving as the leading economic development organization in Columbia County, New York, is dedicated to achieving three primary objectives. Their mission is geared towards strengthening the local tax base, fostering economic growth, and creating job opportunities through their development initiatives. The corporation assists businesses in establishing and expanding within the county, playing a crucial role in positioning Columbia County as an attractive destination for both business investments and personal opportunities. By prioritizing economic development and job creation, Columbia Economic Development Corp contributes significantly to the overall growth and prosperity of the community.

    Impact

    This information is meant to be a general summary of Columbia Economic Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Columbia Economic Development Corp's impact can be seen in its efforts to promote and develop the industry and job development rate in Columbia County, New York. Throughout the year, the organization lent $943,500 to various local businesses, which in turn helped spur economic growth and job creation in the region. Additionally, the corporation successfully managed program expenses, including employee payroll, office expenses, marketing, and consulting fees. Overall, Columbia Economic Development Corp plays a crucial role in strengthening the county's tax base, assisting businesses in locating and expanding within the area, and promoting Columbia County as a prime destination for business investment and personal opportunity.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,795
  • Program Service Revenue: $72,160
  • Gross Receipts: $1,131,840

    • Assets and Liabilities:
  • Total Assets: $4,476,822
  • Total Liabilities: $1,742,306
  • Net Assets: $2,734,516
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INTEREST

    Revenue

    $72,160

    Organization Details

    Founding Year

    1992

    Principal Officer

    F Michael Tucker

    Main Address

    1 HUDSON CITY CENTRE SUITE 301, HUDSON, NY, 12534

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Columbia Economic Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.