Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1983.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
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
13 people listed on the 990; $23K paid to officers and key staff.
Lynn Oswald’s $15K as Vice President is at the 9th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Heather Peck | $8,000 | — | $59,141 | $54,063 | $50,497 |
| Lynn Oswald | $15,235 | — | — | — | — |
| Brian Smith | — | $5,000 | $12,000 | $12,500 | $12,500 |
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.
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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
Promotes economic growth and opportunity within Lockport.
Questions for Greater Lockport Development Corporation
Your first name shows with your question. Greater Lockport Development Corporation answers here, for everyone.
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Provide economic development assistance to local businesses and enhance employment opportunities for the surrounding communities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $1.2M |
| Land, buildings, equipmentLn 10c | $3.3M | $3.2M |
| Total assetsLn 16 | $4.8M | $4.6M |
| LiabilitiesLn 26 | $3.1M | $2.9M |
| Net assetsLn 32 | $1.7M | $1.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $311K | $311K | ||
| Grants to domestic individualsLn 2 | $76K | $76K | ||
| Pay of current officers, directors and key staffLn 5 | $23K | $23K | ||
| Other salaries and wagesLn 7 | $86K | $80K | $5K | |
| Payroll taxesLn 10 | $10K | $9K | $500 | |
| Other fees for servicesLn 11g | $112K | $27K | $85K | |
| Advertising and promotionLn 12 | $2K | $2K | ||
| Conferences, conventions and meetingsLn 19 | $5K | $5K | ||
| InterestLn 20 | $142 | $142 | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $1K | $1K | ||
| All other expensesLn 24e | $11K | $11K | ||
| Total functional expensesLn 25 | $643K | $534K | $110K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $722K | $643K | $79K | $1.8M | 990 PDF |
| FY2023 | $1.7M | $2.1M | −$349K | $1.7M | 990 PDF |
| FY2022 | $1.4M | $1.0M | $312K | $2.0M | 990 PDF |
| FY2021 | $352K | $721K | −$368K | $1.7M | 990 PDF |
| FY2020 | $286K | $570K | −$284K | $2.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $722,317 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 1 to look at
Part VIII · Statement of revenue $722,317 across 6 lines filed
Part IX · Statement of functional expenses $643,230 across 12 lines filed
Part X · Balance sheet $4,614,038 assets, 15 lines filed
Part XI · Reconciliation of net assets $1,763,603 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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