Lewis County Development Corp EIN 20-0045564

Lewis County Development Corp FY2023 filing

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Boosts economic chances for Lewis County, NY residents. For fiscal year 2023 it reported $701K in revenue, $226K in expenses, and $586K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Lowville, NY
Website
sites.google.com/site/lewiscountydevelopmentcorp
Filings
6 on file (2020–2023)
Revenue
$701KFY2023
Expenses
$226K
Net assets
$586K
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-0045564 Public charity (501(c)(3)) Lowville, NY
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Boosts economic chances for Lewis County, NY residents.
Leadership
Larry Dolhof · Member
Money in and out
$701K revenue, $226K expenses
Bottom line
90% program efficiency
Where the money goes · FY2023
Total revenue
$701K
Pt VIII · Ln 12
Total expenses
$226K
Pt IX · Ln 25
Net assets
$586K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $475K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
80.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+68%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$701K
FY2023▲ +360%
Expenses
$226K
FY2023▲ +334%
Total assets
$1.7M
FY2023▲ +469%
Total liabilities
$1.1M
FY2023▲ +494%
Total revenue
$701K
Pt VIII · Ln 12
Total expenses
$226K
Pt IX · Ln 25
Net assets
$586K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$475K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $204K of program spending, described in the organization's own filed words · FY2023.
01

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

$204Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLewis County Development Corp
EINHdr · item D20-0045564
Principal addressHdr · item CLowville, NY
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFSep 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$683K · 97%
Investment income$7K · 1%
Other revenue$10K · 1%
Contributions & grants97%$683K
Investment income1%$7K
Other revenue1%$10K
— government grantsLn 1e$128K
Total revenueLn 12$701K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$204K
Management & general10%$22K
Total functional expensesLn 25$226K

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$1.7M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$586K
Months of cash on handcomputed80.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $226K
80.7 months
Where the money goes
Program services
Program services $204K · Total expenses $226K
90%
Management & General
Management & general $22K · Total expenses $226K
10%
Fundraising
Fundraising $0 · Total expenses $226K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $187K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $683K · Total revenue $701K
97%
Government reliance
Government grants $128K · Total revenue $701K
18%
Earned-income share
Program service revenue $0 · Total revenue $701K
0%
Investment reliance
Investment income $7K · Total revenue $701K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $226K
0%
Growth & trend
Revenue growth (YoY)
This year $701K · Prior year $152K
+360%
Net-asset trend (YoY)
End of year $586K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $701K · Expenses $226K
+68%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $586K · Total assets $1.7M
35%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Larry Dolhof · Reported title MEMBER · Highest reported compensation $0 · Total expenses $226K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $226K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 360%
Legal fee ratio 0.9%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2020
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
Mdbb EnterprisesFY2024$49,234
Hartley's Meat MarketFY2024$30,000
Village of Lyons FallsFY2022$8,711

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$736K revenue · ⤓ 990 PDF
FY2024$764K revenue · ⤓ 990 PDF
FY2023$701K revenue · viewing · ⤓ 990 PDF
FY2022$152K revenue · ⤓ 990 PDF
FY2021$79K revenue · ⤓ 990 PDF
FY2020$46K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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