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Syracuse Economic Development Corp

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

EIN: 161159198 ✦ Syracuse, NY ✦ Designated as a 501(c)(3)

Overview

What is Syracuse Economic Development Corp?

Syracuse Economic Development Corp, based in Syracuse, New York, serves as a vital resource for local businesses and economic development entities within the city. Their mission is to provide both technical and financial assistance, aiming to foster business expansion and generate job opportunities. Acting as a supportive partner, they offer their expertise to entities operating in the city, contributing to the local economy's growth and development. The organization's primary activity involves providing financing for public and private development projects in Syracuse, New York.


Official website here: www.syrgov.net

Is Syracuse Economic Development Corp legitimate?

Syracuse Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Syracuse 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: $80,757

For more financial information, click here


Official website here: www.syrgov.net

What is the mission statement of Syracuse Economic Development Corp?

The Syracuse Economic Development Corporation (SEDCO) is committed to providing technical and financial assistance to businesses and local economic development entities operating within its jurisdiction. This assistance is aimed at facilitating business expansion and job creation. In line with this mission, SEDCO provides financing for public-private development projects. By doing so, it contributes to the economic growth and development of the community it serves.


Official website here: www.syrgov.net

Who is the CEO of Syracuse Economic Development Corp?

Eric Ennis is the Vice President of Syracuse Economic Development Corp.


Official website here: www.syrgov.net

What is the revenue of Syracuse Economic Development Corp?

Syracuse Economic Development Corp's revenue in 2022 was $2,875,453.


Official website here: www.syrgov.net

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

Here are 12 key members and their salaries:

    Richard Driscoll (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sheena Solomon (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicholas Petragnani Jr (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Hon Michael Greene (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ashanti Dickerson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Gross (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Tifft (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Fish (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Barbee (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karolina Marcinkowski (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Ennis (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.syrgov.net

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

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


    Official website here: www.syrgov.net

    Learn more at the official website: www.syrgov.net

    Mission Statement of Syracuse Economic Development Corp

    Syracuse Economic Development Corporation (SEDCO) is committed to supporting the growth and expansion of businesses and local economic development entities within the city of Syracuse, New York. Its primary objective is to provide both technical and financial assistance to these organizations, with the ultimate goal of creating new job opportunities. By offering such assistance, SEDCO aims to strengthen the local economy and contribute to its overall development. In addition to this, SEDCO provides financing for public-private development projects within the city, further contributing to its economic growth and vitality.

    Impact

    This information is meant to be a general summary of Syracuse 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

    Syracuse Economic Development Corp (SEDCO) has played a significant role in boosting economic growth and job creation in the city of Syracuse, New York. By providing technical and financial assistance to local businesses and economic development entities, SEDCO has supported business expansion and facilitated the execution of public/private development projects in the city. Through their efforts, SEDCO has helped improve the local economy, foster community improvement, and create employment opportunities for residents of Syracuse.





    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: $0
  • Program Service Revenue: $158,186
  • Gross Receipts: $2,875,453

    • Assets and Liabilities:
  • Total Assets: $17,091,252
  • Total Liabilities: $3,728,347
  • Net Assets: $13,362,905
  • Programs

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

    INTEREST INCOME

    Revenue

    $115,266

    MORTGAGE INTEREST INCO

    Revenue

    $42,900

    OTHER INCOME

    Revenue

    $20

    Organization Details

    Founding Year

    1979

    Principal Officer

    Eric Ennis

    Main Address

    201 E WASHINGTON ST 6, SYRACUSE, NY, 132021433

    NTEE Category

    Code: S310 - Community improvement

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