Tompkins County Area Development INC FY2021 filing

Not tax-deductible

Ithaca, NY501(c)(6)EIN 16-6058339

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Building a thriving and sustainable economy that improves the quality of life in Tompkins County by fostering the growth of business and employment.

$145K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $170K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$145K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
29 mo
of spending, in cash
Looks good: 29.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$835K
-15% vs prior year
Spent
$934K
Net assets
$3.6M
By yearFY2020–FY2024
Revenue
$835K
FY2021▼ -15%
Revenue by fiscal year
FY2020$986K
FY2021$835K
FY2022$830K
FY2023$2.7M
FY2024$1.4M
Expenses
$934K
FY2021>-0.01%
Expenses by fiscal year
FY2020$934K
FY2021$934K
FY2022$991K
FY2023$1.3M
FY2024$1.6M
Net assets
$3.6M
FY2021▼ -3%
Net assets by fiscal year
FY2020$3.7M
FY2021$3.6M
FY2022$3.5M
FY2023$4.8M
FY2024$4.6M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

27 people listed on the 990; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation
$145,171Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Heather McDaniel$172,322$168,834$157,616$145,171$140,179

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Tompkins County Area Development INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters business and employment growth to build a thriving economy and improve quality of life.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2021.
01

To encourage and effect the location and expansion of local business, creation of job opportunities, and the betterment of individual and community prosperity within the county of tompkins, ny.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Ithaca CollegeFY2024$18K
Total grants receivedfrom 1 funder$18K
Grants paid · 1 grant · $243K · 2024–2024
SouthworksFY2024$242,501

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$835K
Ln 12
Fees for servicesLn 2g$817K
Other incomeLn 4–11$18K
Investment incomeLn 3$772
Money outPt IX
$934K
Ln 25
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$3.6M
LiabilitiesLn 26$17K
PeoplePt VI, VII
27
listed · VII A
PaidVII A1
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$817K
Investment incomeLn 3$772
Other incomeLn 4–11$18K
Total revenueLn 12$835K
Assets in detailPt X, end of year
CashLn 1$103K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$78K
Land, buildings, equipmentLn 10c$26K
Total assetsLn 16$3.6M
LiabilitiesLn 26$17K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 57
VolunteersI 626
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.7M$2.3M
InvestmentsLn 11–13$78K
Land, buildings, equipmentLn 10c$20K$26K
Total assetsLn 16$3.8M$3.6M
LiabilitiesLn 26$84K$17K
Net assetsLn 32$3.7M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$179K
Other salaries and wagesLn 7$284K
Pension plan contributionsLn 8$16K
Other employee benefitsLn 9$70K
Payroll taxesLn 10$33K
Legal feesLn 11b$673
Accounting feesLn 11c$21K
Other fees for servicesLn 11g$56K
Advertising and promotionLn 12$87K
Office expensesLn 13$25K
OccupancyLn 16$75K
TravelLn 17$15K
InterestLn 20$961
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$64K
Total functional expensesLn 25$934K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$1.6M−$270K$4.6M 990 PDF
FY2023 $2.7M$1.3M$1.3M$4.8M 990 PDF
FY2022 $830K$991K−$161K$3.5M 990 PDF
FY2021 Viewing $835K$934K−$99K$3.6M 990 PDF
FY2020 $986K$934K$52K$3.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $835,461 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $816,741$816,741
VIII-3 Investment incomeExcluded from tax $772$772
VIII-6 Net rental income or lossExcluded from tax $17,948$17,948
VIII-12 Total revenueRelated to mission $816,741 · Unrelated business $0 · Excluded from tax $18,720$835,461
Part IX · Statement of functional expenses $934,159 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$179,042
IX-7 Other salaries and wages$283,832
IX-8 Pension plan contributions$16,114
IX-9 Other employee benefits$70,189
IX-10 Payroll taxes$33,475
IX-11b Legal fees$673
IX-11c Accounting fees$21,449
IX-11g Other fees for services$55,707
IX-12 Advertising and promotion$86,946
IX-13 Office expenses$24,894
IX-16 Occupancy$75,341
IX-17 Travel$14,980
IX-20 Interest$961
IX-22 Depreciation, depletion and amortization$2,225
IX-23 Insurance$4,619
IX-24 Other expenses (24a–d)$63,712
IX-25 Total functional expenses$934,159
Part X · Balance sheet $3,649,301 assets, 14 lines filed
Asset lines not itemized here account for $502,808; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $113,226$102,857
X-2 Savings and temporary cash investmentsStart of year $1,615,930$2,172,370
X-3 Pledges and grants receivableStart of year $972,242$735,769
X-4 Accounts receivableStart of year $10,824$8,045
X-9 Prepaid expenses and deferred chargesStart of year $23,450$23,567
X-10c Land, buildings and equipment, netStart of year $20,276$25,631
X-12 Other securities$78,254
X-16 Total assetsStart of year $3,815,424$3,649,301
X-17 Accounts payable and accrued expensesStart of year $34,308$16,951
X-26 Total liabilitiesStart of year $84,376$16,951
X-27 Net assets without donor restrictionsStart of year $2,309,507$2,463,676
X-28 Net assets with donor restrictionsStart of year $1,421,541$1,168,674
X-32 Total net assets or fund balancesStart of year $3,731,048$3,632,350
X-33 Total liabilities and net assetsStart of year $3,815,424$3,649,301
Part XI · Reconciliation of net assets $3,632,350 net assets at year end
XI-1 Total revenue$835,461
XI-2 Total expenses$934,159
XI-3 Revenue less expenses−$98,698
XI-4 Net assets at start of year$3,731,048
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,632,350

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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