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Lewis County Development Corp

Tax-deductible

Lowville, NY501(c)(3)Community Development EIN 20-0045564Revenue $736K in FY2025

On file with the IRSsites.google.com/site/lewiscountydevelopmentcorpPo Box 106, 13367-0106 · Lowville, NYTax-exempt since Sep 2006Publicly supported — 509(a)(2)

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To promote and facilitate economic opportunity for the people of Lewis County, NY.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $107K a year · 26% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 18.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$782K
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$736K
-4% vs prior year
Spent
$726K
To programs
92%
Net assets
$658K
By yearFY2020–FY2025
Revenue
$736K
FY2025▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$46K
FY2021$79K
FY2022$152K
FY2023$701K
FY2024$764K
FY2025$736K
Expenses
$726K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$62K
FY2021$67K
FY2022$52K
FY2023$226K
FY2024$701K
FY2025$726K
Net assets
$658K
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1K
FY2021$11K
FY2022$111K
FY2023$586K
FY2024$649K
FY2025$658K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2006.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $667K Management & general 8% · $59K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Eric Virkler
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Petersen
President
$0Pt VII · Sec A
Tyler McDonald
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Mick Lehman
Treasurer
$0Pt VII · Sec A
See Lewis County Development Corp 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 15aNo

Programs and updates

Boosts economic chances for Lewis County, NY residents.

Questions for Lewis County Development Corp

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Provided by the organization

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1 program · $667K · in their own filed words · FY2025
01

To promote and facilitate economic opportunity for the people of lewis county, new york.

$667Kprogram expense

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 · FY2020
Pratt-Northam FoundationFY2020$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 17 grants · $966K · 2022–2025
Omnia Advanced Materials LLCFY2025$100,000
McRez Packing InternationalFY2025$100,000
Old Croghan Engine HouseFY2025$84,000
Crumbs Bake ShopFY2025$72,730
Rags and RiversFY2025$30,000
New Life ConstructionFY2025$30,000
Lowville Appliance and Air Conditioning LLCFY2025$30,000
Cedar Bridge Properties LLCFY2025$11,048
Coffee and Clay CafeFY2025$7,400
Unitemized GrantFY2024$139,997
Sherburne Dg LLCFY2024$100,000
Cedar Bridge LLCFY2024$73,332
Double Play Sports Community Center INCNY · FY2024$52,448
Mdbb EnterprisesFY2024$49,234
Hartley's Meat MarketFY2024$30,000
Double Play Sports Community Center INCNY · FY2023$47,552
Village of Lyons FallsFY2022$8,711

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$736K
Ln 12
Gifts and grantsLn 1h$693K
Investment incomeLn 3$31K
Other incomeLn 4–11$11K
Money outPt IX
$726K
Ln 25
Programscol B$667K
Managementcol C$59K
Owns and owesPt X
$658K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.4M
LiabilitiesLn 26$782K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$693K
Government grantsLn 1e$539K
Investment incomeLn 3$31K
Other incomeLn 4–11$11K
Gains on assetsLn 7−$4K
Total revenueLn 12$736K
Assets in detailPt X, end of year
CashLn 1$147K
SavingsLn 2$986K
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$74K
Total assetsLn 16$1.4M
LiabilitiesLn 26$782K
Net assetsLn 32$658K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.5M$1.1M
Land, buildings, equipmentLn 10c$87K$74K
Total assetsLn 16$1.8M$1.4M
LiabilitiesLn 26$1.1M$782K
Net assetsLn 32$649K$658K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$524K$524K
Management feesLn 11a$42K$42K
Legal feesLn 11b$470$470
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$2K$2K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$1K$343$856
Other expenses (24a–d)Ln 24$130K$129K$216
Total functional expensesLn 25$726K$667K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $736K$726K$9K$658K 990 PDF
FY2024 $764K$701K$63K$649K 990 PDF
FY2023 $701K$226K$475K$586K 990 PDF
FY2022 $152K$52K$100K$111K 990 PDF
FY2021 $79K$67K$12K$11K 990 PDF
FY2020 $46K$62K−$16K−$1K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $735,617 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $739,058$693,262
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $13,280$31,355
I-11 Other revenuePrior year $11,270$11,000
I-12 Total revenuePrior year $763,608$735,617
I-13 Grants and similar amounts paidPrior year $514,017$524,128
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $186,622$202,045
I-18 Total expensesPrior year $700,639$726,173
I-19 Revenue less expensesPrior year $62,969$9,444
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $735,617 across 7 lines filed
VIII-1e Government grants$538,728
VIII-1f All other contributions, gifts and grants$154,534
VIII-1h Total contributions, gifts and grants$693,262
VIII-3 Investment incomeExcluded from tax $35,014$35,014
VIII-6 Net rental income or lossExcluded from tax $11,000$11,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,659−$3,659
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $42,355$735,617
Part IX · Statement of functional expenses $726,173 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $524,128$524,128
IX-11a Management feesManagement $41,623$41,623
IX-11b Legal feesManagement $470$470
IX-11c Accounting feesManagement $16,109$16,109
IX-11g Other fees for servicesPrograms $1,560$1,560
IX-20 InterestPrograms $1,559$1,559
IX-22 Depreciation, depletion and amortizationPrograms $9,862$9,862
IX-23 InsurancePrograms $343 · Management $856$1,199
IX-24 Other expenses (24a–d)Programs $129,447 · Management $216$129,663
IX-25 Total functional expensesPrograms $666,899 · Management $59,274 · Fundraising $0$726,173
Part X · Balance sheet $1,440,715 assets, 12 lines filed
Asset lines not itemized here account for $148,328; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $130,619$146,503
X-2 Savings and temporary cash investmentsStart of year $1,383,759$986,477
X-4 Accounts receivableStart of year $32,385$85,485
X-10c Land, buildings and equipment, netStart of year $87,443$73,922
X-16 Total assetsStart of year $1,763,693$1,440,715
X-17 Accounts payable and accrued expenses$47,600
X-19 Deferred revenueStart of year $958,937$591,209
X-26 Total liabilitiesStart of year $1,114,796$782,374
X-27 Net assets without donor restrictionsStart of year $567,546$576,607
X-28 Net assets with donor restrictionsStart of year $81,351$81,734
X-32 Total net assets or fund balancesStart of year $648,897$658,341
X-33 Total liabilities and net assetsStart of year $1,763,693$1,440,715
Part XI · Reconciliation of net assets $658,341 net assets at year end
XI-1 Total revenue$735,617
XI-2 Total expenses$726,173
XI-3 Revenue less expenses$9,444
XI-4 Net assets at start of year$648,897
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$658,341

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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