Economic Development Growth Enterprises Corporation

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

EIN: 160874637 ✦ Rome, NY ✦ Designated as a 501(c)(3)

Overview

What is Economic Development Growth Enterprises Corporation?

Economic Development Growth Enterprises Corporation (EDGE) is a nonprofit organization situated in Rome, New York. Its primary mission is to enhance and expand business, community, and employment opportunities within Oneida County and its surroundings. This is achieved through various means, including arranging financial packages for local businesses, often in collaboration with local banks, the Small Business Administration, and the Empire State Development Corporation. EDGE additionally prepares economic development plans, conducts research, and implements a unified marketing program to promote overall economic growth in the region. A substantial portion of their revenue is derived from government grants, furthering their mission to improve and expand opportunities in Oneida County.


Official website here: www.mvedge.org

Is Economic Development Growth Enterprises Corporation legitimate?

Economic Development Growth Enterprises Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Development Growth Enterprises Corporation 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: $475,538
Professional Fundraising Fees: $0
Other Salaries and Wages: $688,090

For more financial information, click here


Official website here: www.mvedge.org

What is the mission statement of Economic Development Growth Enterprises Corporation?

The Economic Development Growth Enterprises Corporation's mission is centered around improving and expanding business, community, and employment opportunities. This mission extends beyond its immediate vicinity, aiming to positively impact a broader area as well. The corporation undertakes various activities to achieve this goal, including arranging financing packages for local businesses through financial institutions like local banks, the Small Business Administration, and the Empire State Development Corporation. Additionally, they prepare economic development plans, conduct research, and execute a unified marketing strategy to advance economic growth in the area. A substantial portion of their revenue comes from government grants, contributing to their mission.


Official website here: www.mvedge.org

Who is the CEO of Economic Development Growth Enterprises Corporation?

Steven Dimeo is the Director of Economic Development Growth Enterprises Corporation.


Official website here: www.mvedge.org

What is the revenue of Economic Development Growth Enterprises Corporation?

Economic Development Growth Enterprises Corporation's revenue in 2022 was $5,942,134.


Official website here: www.mvedge.org

Who are the executives of Economic Development Growth Enterprises Corporation and what are their salaries?

The average compensation at Economic Development Growth Enterprises Corporation during 2022 was $64,646. There are 18 employees and 52 volunteers at Economic Development Growth Enterprises Corporation.

Here are 58 key members and their salaries:

    Steven Dimeo (President)
  • Compensation: $209,102
  • Related: $0
  • Other: $29,116

    • Shawna Papale (Chief Administrative Officer)
  • Compensation: $134,967
  • Related: $0
  • Other: $40,697

    • William Vanshufflin (Senior Vice President Plan)
  • Compensation: $121,270
  • Related: $0
  • Other: $13,888

    • Maureen Carney (Chief Financial Officer)
  • Compensation: $108,112
  • Related: $0
  • Other: $20,053

    • Christian Mercurio (Vice President Planning An)
  • Compensation: $107,925
  • Related: $0
  • Other: $13,639

    • Nicholas Bruno (Secretary)
  • Compensation: $72,957
  • Related: $0
  • Other: $11,241

    • Lawrence T Gilroy Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michele Salisbury (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Casamento (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronald A Cuccaro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Nicholl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Enessa Carbone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harold T Clark Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Baildon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marianne Gaige (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Patrick Becher (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Russ Brewer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raymond Halbritter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randy Van Wagoner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sondra Butcher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryan O'Shaughnessy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

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

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

    • Nicholas Matt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Waters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alicia Dicks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David M Manzelmann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Maria Kontaridis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy Butcher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Hennessey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John J Piseck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Eve Van De Wal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Kavney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael J Parsons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Nicholas Mayhew (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cathleen Mccolgin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rocco Arcuri (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Mccarthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Sabrina Webster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darlene Stromstad (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Betrus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Belle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryan Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daria Helmer (Ex-Officio Voting Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Snyder (Ex-Officio Voting Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronald Edwards (Ex-Officio Voting Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Bower (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adam Hovak (Ex-Officio Voting Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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


  • Official website here: www.mvedge.org

    Where can I find the form 990 for Economic Development Growth Enterprises Corporation?

    The Economic Development Growth Enterprises Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mvedge.org

    Learn more at the official website: www.mvedge.org

    Mission Statement of Economic Development Growth Enterprises Corporation

    Economic Development Growth Enterprises Corporation, often referred to as EDGE, is dedicated to enhancing and expanding business, community, and employment opportunities beyond Oneida County, New York. Their mission is multifaceted, aiming to improve and broaden the economic landscape in the area. EDGE accomplishes this through various activities, including arranging financing packages for local businesses, primarily in collaboration with local banks, the Small Business Administration, and the Empire State Development Corporation.

    Furthermore, EDGE prepares economic development plans, conducts research, and implements a unified marketing strategy. The ultimate goal is to stimulate economic growth throughout the region. A significant portion of EDGE's revenue comes from government grants, which further underscores its commitment to promoting economic development. In essence, Economic Development Growth Enterprises Corporation serves as a catalyst for business growth and community development, working tirelessly to improve economic opportunities within its sphere of influence.

    Impact

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




    Thursday, August 15, 2024

    Economic Development Growth Enterprises Corporation's impact can be seen in its efforts to improve and expand business, community, and employment opportunities in Oneida County, N.Y., and its surrounding areas. Through activities such as arranging and participating in financing packages for local businesses, preparing economic development plans, conducting research, and carrying out a unified marketing program, EDGE plays a significant role in advancing economic growth in the region. Additionally, EDGE's reliance on government grants indicates its recognized contribution to the economic development of Oneida County.





    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: $724
  • Program Service Revenue: $4,299,954
  • Gross Receipts: $6,027,753

    • Assets and Liabilities:
  • Total Assets: $40,406,038
  • Total Liabilities: $12,932,322
  • Net Assets: $27,473,716
  • Programs

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

    PAYMENT IN LIEU OF TAX

    Revenue

    $2,474,166

    SERVICE CONTRACTS

    Revenue

    $1,570,818

    LEASE INCOME

    Revenue

    $220,000

    LOAN INTEREST INCOME

    Revenue

    $34,970

    Organization Details

    Founding Year

    1963

    Principal Officer

    Steven Dimeo

    Main Address

    584 PHOENIX DRIVE, ROME, NY, 13441

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of Economic Development Growth Enterprises Corporation 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.