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Adirondack Economic Development Corp

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

EIN: 222243540 ✦ Saranac lake, NY ✦ Designated as a 501(c)(3)

Overview

What is Adirondack Economic Development Corp?

Adirondack Economic Development Corp, situated in Saranac Lake, New York, serves as a vital resource for local businesses and municipalities. As a nonprofit organization, their primary mission is to promote and support the growth of sustainable communities in the North Country region. They accomplish this by offering technical assistance to aspiring entrepreneurs and existing small business owners, aiding them in their ventures. Furthermore, Adirondack Economic Development Corp provides consultations to local municipalities, assisting them in planning and executing economic development projects. With a team of six dedicated individuals, they strive to foster a prosperous and sustainable future for their community.


Official website here: www.aedconline.com

Is Adirondack Economic Development Corp legitimate?

Adirondack Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adirondack 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: $178,720
Professional Fundraising Fees: $0
Other Salaries and Wages: $156,152

For more financial information, click here


Official website here: www.aedconline.com

What is the mission statement of Adirondack Economic Development Corp?

The Adirondack Economic Development Corp's mission is centered around fostering and supporting the growth of sustainable communities in an unspecified region. They achieve this by offering assistance to both aspiring entrepreneurs and existing small business owners. This non-profit organization's primary objective is to promote the development of these communities, contributing to their sustainability and prosperity. In addition to this, they provide technical business assistance to small businesses and offer consultations to local municipalities, aiding them in their economic development planning and projects.


Official website here: www.aedconline.com

Who is the CEO of Adirondack Economic Development Corp?

Heather Couture is the Treasurer of Adirondack Economic Development Corp.


Official website here: www.aedconline.com

What is the revenue of Adirondack Economic Development Corp?

Adirondack Economic Development Corp's revenue in 2022 was $1,080,225.


Official website here: www.aedconline.com

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

The average compensation at Adirondack Economic Development Corp during 2022 was $55,812. There are 6 employees at Adirondack Economic Development Corp.

Here are 17 key members and their salaries:

    Victoria Duley (Executive Dir.)
  • Compensation: $99,500
  • Related: $0
  • Other: $14,450

    • Beverly Deso (Comptroller)
  • Compensation: $79,220
  • Related: $0
  • Other: $7,078

    • Elizabeth Lonergan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heather Couture (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wayne Thomas (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

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

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

    • James Rucker (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amber Stevens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Criss (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

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

    • Tori Riley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Aiken (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Michelle Capone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.aedconline.com

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

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


    Official website here: www.aedconline.com

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

    Mission Statement of Adirondack Economic Development Corp

    Adirondack Economic Development Corp, as a nonprofit organization, is dedicated to promoting and sustaining the growth of North Country communities. It achieves this objective by offering assistance to budding entrepreneurs and supporting existing small business owners. By providing technical business guidance and consulting services to local municipalities for economic development planning and projects, the corporation plays a pivotal role in fostering a thriving business environment in these communities.

    Impact

    This information is meant to be a general summary of Adirondack 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

    Adirondack Economic Development Corp's impact can be seen in the growth and sustainability of North Country communities through their support for aspiring entrepreneurs and existing small business owners. By providing technical business assistance and consultations to local municipalities for economic development planning and projects, they play a vital role in fostering economic growth and community improvement in Saranac Lake, NY.





    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: $312
  • Program Service Revenue: $101,435
  • Gross Receipts: $1,080,225

    • Assets and Liabilities:
  • Total Assets: $2,960,837
  • Total Liabilities: $1,854,179
  • Net Assets: $1,106,658
  • Programs

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

    LOAN PORTFOLIO INCOME

    Revenue

    $70,361

    TECHNICAL ASSISTANCE

    Revenue

    $31,074

    Organization Details

    Founding Year

    1986

    Principal Officer

    Heather Couture

    Main Address

    67 MAIN STREET 300, SARANAC LAKE, NY, 12983

    NTEE Category

    Code: S30 - Community improvement

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