To promote economic and business development in St. Lawrence County by administering a revolving loan fund, issuing business development grants, and providing low-cost energy to qualifying area businesses.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
$17K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
3 of 6
filings with a surplus
Average deficit $112K a year · 27% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$17K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
336 mo
of spending, in cash
Looks good: 335.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$75K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$496K
+19% vs prior year
Spent
$420K
To programs
55%
Net assets
$15.9M
By yearFY2020–FY2025
Revenue
$496K
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$276K
FY2021$736K
FY2022$181K
FY2023$373K
FY2024$416K
FY2025$496K
Expenses
$420K
FY2025▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$578K
FY2021$1.2M
FY2022$324K
FY2023$309K
FY2024$330K
FY2025$420K
Net assets
$15.9M
FY2025+0.5%
Tap a bar for its year
Net assets by fiscal year
FY2020$16.3M
FY2021$15.8M
FY2022$15.7M
FY2023$15.7M
FY2024$15.8M
FY2025$15.9M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1987.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $230K Management & general 45% · $189K

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

9 people listed on the 990; $17K paid to officers and key staff.

Part VII, Section A · reportable compensation
$11,502Pt VII · Sec A
$5,838Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Thomas Plastino—————$82,725
Patrick Kelly——$14,711$5,000$3,372$2,504
Patrick J Kelly$11,502$13,806————
Kimberly a Gilbert$5,838$5,615————
Kimberly Gilbert——$5,274$1,682——

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 St Lawrence County Indust Develop Agency Local Develop Corporation 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

Boosts local businesses with loans, grants, and affordable energy.

Questions for St Lawrence County Indust Develop Agency Local Develop Corporation

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Provided by the organization

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1 program · $230K · in their own filed words · FY2025
01

To promote economic and business development in ST. Lawrence county by administering a revolving loan fund, issuing business development grants, and providing low-cost energy to qualifying area businesses.

$230Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 43 grants · $1.2M · 2020–2025
Town of Massena NYFY2025$25,085
Town of Lisbon NYFY2025$20,000
Potsdam Humane SocietyFY2025$14,035
Village of Canton NYFY2025$7,729
Town of Lisbon NYFY2024$35,000
Town of Louisville NYFY2024$20,000
Potsdam Humane SocietyFY2024$15,000
Town of Macomb NYFY2024$10,000
City of Ogdensburg NYFY2024$10,000
Village of Massena NYFY2024$5,731
Town of LouisvilleFY2023$51,067
Town of PotsdamFY2023$10,000
See all 43 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$496K
Ln 12
Investment incomeLn 3$323K
Fees for servicesLn 2g$173K
Money outPt IX
$420K
Ln 25
Programscol B$230K
Managementcol C$189K
Owns and owesPt X
$15.9M
net assets · Ln 32
Cash and savingsLn 1–2$11.7M
Total assetsLn 16$16.0M
LiabilitiesLn 26$75K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$173K
Investment incomeLn 3$323K
Total revenueLn 12$496K
Assets in detailPt X, end of year
SavingsLn 2$11.7M
Cash and savings togetherLn 1–2$11.7M
Land, buildings, equipmentLn 10c$249K
Other assetsLn 15$62K
Total assetsLn 16$16.0M
LiabilitiesLn 26$75K
Net assetsLn 32$15.9M
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$12.4M$11.7M
Land, buildings, equipmentLn 10c$267K$249K
Total assetsLn 16$15.9M$16.0M
LiabilitiesLn 26$118K$75K
Net assetsLn 32$15.8M$15.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$122K$122K
Pay of current officers, directors and key staffLn 5$17K$17K
Other salaries and wagesLn 7$75K$75K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$11K$11K
Management feesLn 11a$7K$7K
Legal feesLn 11b$8K$3K$5K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$28K$28K
Advertising and promotionLn 12$29K$29K
Office expensesLn 13$482$482
OccupancyLn 16$11K$11K
Conferences, conventions and meetingsLn 19$166$166
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$7K$5K$2K
Other expenses (24a–d)Ln 24$80K$35K$45K
All other expensesLn 24e$865$865
Total functional expensesLn 25$420K$230K$189K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $496K$420K$77K$15.9M 990 PDF
FY2024 $416K$330K$86K$15.8M 990 PDF
FY2023 $373K$309K$63K$15.7M 990 PDF
FY2022 $181K$324K−$143K$15.7M 990 PDF
FY2021 $736K$1.2M−$453K$15.8M 990 PDF
FY2020 $276K$578K−$303K$16.3M 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 $496,282 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $238,209$173,066
I-10 Investment incomePrior year $169,992$323,216
I-11 Other revenuePrior year $7,453$0
I-12 Total revenuePrior year $415,654$496,282
I-13 Grants and similar amounts paidPrior year $113,168$121,509
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $86,013$105,181
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $130,484$192,855
I-18 Total expensesPrior year $329,665$419,545
I-19 Revenue less expensesPrior year $85,989$76,737
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $496,282 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $173,066$173,066
VIII-3 Investment incomeExcluded from tax $323,216$323,216
VIII-12 Total revenueRelated to mission $173,066 · Unrelated business $0 · Excluded from tax $323,216$496,282
Part IX · Statement of functional expenses $419,545 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $121,509$121,509
IX-5 Pay of current officers, directors and key staffManagement $17,340$17,340
IX-7 Other salaries and wagesManagement $74,530$74,530
IX-9 Other employee benefitsManagement $2,598$2,598
IX-10 Payroll taxesManagement $10,713$10,713
IX-11a Management feesPrograms $7,200$7,200
IX-11b Legal feesPrograms $3,086 · Management $4,541$7,627
IX-11c Accounting feesManagement $2,907$2,907
IX-11g Other fees for servicesManagement $28,375$28,375
IX-12 Advertising and promotionPrograms $28,856$28,856
IX-13 Office expensesManagement $482$482
IX-16 OccupancyPrograms $11,454$11,454
IX-19 Conferences, conventions and meetingsManagement $166$166
IX-22 Depreciation, depletion and amortizationPrograms $17,807$17,807
IX-23 InsurancePrograms $5,331 · Management $1,951$7,282
IX-24 Other expenses (24a–d)Programs $34,834 · Management $45,000$79,834
IX-24e All other expensesManagement $865$865
IX-25 Total functional expensesPrograms $230,077 · Management $189,468 · Fundraising $0$419,545
Part X · Balance sheet $15,973,853 assets, 11 lines filed
Asset lines not itemized here account for $3,918,804; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $12,396,020$11,744,279
X-10c Land, buildings and equipment, netStart of year $266,714$248,907
X-15 Other assetsStart of year $106,150$61,863
X-16 Total assetsStart of year $15,940,002$15,973,853
X-17 Accounts payable and accrued expensesStart of year $20,564$14,147
X-25 Other liabilitiesStart of year $97,270$60,801
X-26 Total liabilitiesStart of year $117,834$74,948
X-27 Net assets without donor restrictionsStart of year $934,888$943,295
X-28 Net assets with donor restrictionsStart of year $14,887,280$14,955,610
X-32 Total net assets or fund balancesStart of year $15,822,168$15,898,905
X-33 Total liabilities and net assetsStart of year $15,940,002$15,973,853
Part XI · Reconciliation of net assets $15,898,905 net assets at year end
XI-1 Total revenue$496,282
XI-2 Total expenses$419,545
XI-3 Revenue less expenses$76,737
XI-4 Net assets at start of year$15,822,168
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,898,905

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

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