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Niagara County Development Corporation

Not tax-deductible

Sanborn, NY501(c)(4)Since 1984EIN 22-3169112

To promote economic growth and business prosperity in the county of niagara, new york by making loans at favorable interest rates to small businesses located in the county, thus encouraging startup of new businesses and relocation and expansion of existing businesses

70¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
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
4 of 6
filings with a surplus
Average surplus $102K a year · 13% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
45 mo
of spending, in cash
Looks good: 44.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$333K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$748K
+16% vs prior year
Spent
$836K
To programs
70%
Net assets
$3.3M
By yearFY2020–FY2025
Revenue
$748K
FY2025▲ +16%
Revenue by fiscal year
FY2020$549K
FY2021$349K
FY2022$2.1M
FY2023$498K
FY2024$642K
FY2025$748K
Expenses
$836K
FY2025▲ +69%
Expenses by fiscal year
FY2020$214K
FY2021$228K
FY2022$2.1M
FY2023$390K
FY2024$494K
FY2025$836K
Net assets
$3.3M
FY2025▼ -3%
Net assets by fiscal year
FY2020$3.0M
FY2021$3.1M
FY2022$3.1M
FY2023$3.2M
FY2024$3.4M
FY2025$3.3M

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 Jul 1993.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $584K Management & general 30% · $252K

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Mark a Onesi
Chairperson
$0Pt VII · Sec A
Jason Krempa
First Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark D Berube
Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan C Langdon
Director (eff. July 2025)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Niagara County Development 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 15aNo

Programs and updates

Provides low-interest loans and grants to small businesses to encourage startups, expansion, and economic relocation within Niagara County.

Provided by the organization

This section is blank until Niagara County Development Corporation claims this page.

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2 program services account for $584K of program spending, described in the organization's own filed words · FY2025.
01

Provide grants to support and foster the development of microbusinesses located in or planning to relocate to niagara county.

$584Kprogram expense
02

Provide loans at favorable interest rates to small businesses to encourage the startup of new businesses and relocation and expansion of existing businesses.

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 · this organization's grantmaking
Grants paid · 83 grants · $2.8M · 2020–2025
Brent Industries LLCFY2025$172,000
Nicknats Landscaping LLCFY2025$25,000
Gerald Kunkle DBA Kunkle's LandscapingFY2025$25,000
Cakes by Katya LLCFY2025$25,000
Beok LLCFY2025$25,000
Timothy R Woodean Chiropractic and Massage Therapy PllcFY2025$25,000
Falcon Aircraft Maintenance LLCFY2025$25,000
B'S Flowers LLCFY2025$21,000
Prime Legacy INCFY2025$20,000
Sheri-Lynn Senek DBA Senek Farms Cider CoFY2025$18,000
Harmony Spa Head to Toe LLCFY2025$18,000
Release & Restore TherapyFY2025$13,000
Bairco FiltrationFY2024$25,000
Happy Tails of Niagara LLCFY2024$25,000
Elizabeth Desilva DBA Niagara OutfittersFY2024$25,000
Bina & Gill INCFY2024$25,000
The Stitching Corner LLCFY2024$22,000
Ya Ghada Have IT LLCFY2024$21,000
See all 83 grants →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$748K
Ln 12
Gifts and grantsLn 1h$660K
Investment incomeLn 3$75K
Other incomeLn 4–11$12K
Money outPt IX
$836K
Ln 25
Programscol B$584K
Managementcol C$252K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$3.6M
LiabilitiesLn 26$333K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$660K
Government grantsLn 1e$660K
Fees for servicesLn 2g$1K
Investment incomeLn 3$75K
Other incomeLn 4–11$12K
Total revenueLn 12$748K
Assets in detailPt X, end of year
CashLn 1$344K
SavingsLn 2$2.8M
Cash and savings togetherLn 1–2$3.1M
Total assetsLn 16$3.6M
LiabilitiesLn 26$333K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
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$2.4M$3.1M
Total assetsLn 16$3.6M$3.6M
LiabilitiesLn 26$223K$333K
Net assetsLn 32$3.4M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$412K$412K
Other fees for servicesLn 11g$72K$30K$42K
Payments to affiliatesLn 21$60K$60K
Other expenses (24a–d)Ln 24$292K$142K$150K
Total functional expensesLn 25$836K$584K$252K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $748K$836K−$87K$3.3M 990 PDF
FY2024 $642K$494K$148K$3.4M 990 PDF
FY2023 $498K$390K$109K$3.2M 990 PDF
FY2022 $2.1M$2.1M−$15K$3.1M 990 PDF
FY2021 $349K$228K$121K$3.1M 990 PDF
FY2020 $549K$214K$335K$3.0M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $748,378 across 6 lines filed
VIII-1e Government grants$660,000
VIII-1h Total contributions, gifts and grants$660,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,250$1,250
VIII-3 Investment incomeRelated to mission $27,872 · Excluded from tax $47,331$75,203
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,925$11,925
VIII-12 Total revenueRelated to mission $41,047 · Unrelated business $0 · Excluded from tax $47,331$748,378
Part IX · Statement of functional expenses $835,667 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $412,000$412,000
IX-11g Other fees for servicesPrograms $29,580 · Management $42,087$71,667
IX-21 Payments to affiliatesManagement $60,000$60,000
IX-24 Other expenses (24a–d)Programs $142,000 · Management $150,000$292,000
IX-25 Total functional expensesPrograms $583,580 · Management $252,087 · Fundraising $0$835,667
Part X · Balance sheet $3,602,075 assets, 8 lines filed
Asset lines not itemized here account for $482,957; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $370,028$343,719
X-2 Savings and temporary cash investmentsStart of year $2,051,688$2,775,399
X-16 Total assetsStart of year $3,578,886$3,602,075
X-17 Accounts payable and accrued expensesStart of year $222,924$333,402
X-26 Total liabilitiesStart of year $222,924$333,402
X-27 Net assets without donor restrictionsStart of year $3,355,962$3,268,673
X-32 Total net assets or fund balancesStart of year $3,355,962$3,268,673
X-33 Total liabilities and net assetsStart of year $3,578,886$3,602,075
Part XI · Reconciliation of net assets $3,268,673 net assets at year end
XI-1 Total revenue$748,378
XI-2 Total expenses$835,667
XI-3 Revenue less expenses−$87,289
XI-4 Net assets at start of year$3,355,962
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,268,673

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

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