The Economic Development Group INC FY2021 filing

Tax-deductible

Buffalo, NY501(c)(3)Since 2000Recreation & SportsEIN 22-3781639

The mission of northland is to advance the economic well-being of western new york by developing and maintaining a skilled and diverse workforce to meet the needs of the advanced manufacturing and energy sectors, while providing opportunities to job seekers as well as pathways to gainful employment, career advancement and economic sustainability.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$245K 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

FY2021 · 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 $768K a year · 15% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$245K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $259K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$757K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
-58% vs prior year
Spent
$3.1M
To programs
73%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$2.1M
FY2021▼ -58%
Revenue by fiscal year
FY2020$5.0M
FY2021$2.1M
FY2022$4.7M
FY2023$4.9M
FY2024$5.6M
FY2025$7.8M
Expenses
$3.1M
FY2021▼ -9%
Expenses by fiscal year
FY2020$3.4M
FY2021$3.1M
FY2022$3.7M
FY2023$4.5M
FY2024$5.1M
FY2025$5.7M
Net assets
$1.1M
FY2021▼ -46%
Net assets by fiscal year
FY2020$2.1M
FY2021$1.1M
FY2022$2.1M
FY2023$2.5M
FY2024$3.1M
FY2025$5.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2001.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $2.3M Management & general 27% · $840K Fundraising 0% · $2K

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

Who runs it and what they're paid

19 people listed on the 990; $245K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$156,842Pt VII · Sec A
Vice President of Business
$88,632Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Trasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Stephen Tucker’s $315K as President & CEO is at the 96th percentile of top reported officer pay among 1842 $1–10M recreation & sports 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stephen Tucker$315,301$315,301$201,584$177,660$156,842$141,003
Carolyn Storms-Stoltman$112,208$112,208$72,562———
Asantewa Holley$108,087$108,087$75,332———
Simmone Washington———$60,398$88,632$79,330

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 The Economic Development Group INC 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

Develops a skilled workforce for advanced manufacturing and energy sectors, creating jobs and career paths.

Provided by the organization

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1 program service account for $2.3M of program spending, described in the organization's own filed words · FY2020.
01

Northland Houses Two Co-Located Training Facilities

The advanced manufacturing training center and the utility of the future & clean energy training center, to increase the number and quality of local candidates prepared for energy and advanced manufacturing careers.

$2.3Mprogram expense

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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 · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$259K
See all 3 funders →
Grants paid · 2 grants · $25K · 2022–2022
Buffalo United Front INCNY · FY2022$5,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$323K
Investment incomeLn 3$102K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.3M
Managementcol C$840K
Fundraisingcol D$2K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$462K
Total assetsLn 16$1.9M
LiabilitiesLn 26$757K
PeoplePt VI, VII
19
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$449K
Fees for servicesLn 2g$55K
Investment incomeLn 3$102K
Other incomeLn 4–11$323K
Gains on assetsLn 7$102K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$304K
SavingsLn 2$158K
Cash and savings togetherLn 1–2$462K
Land, buildings, equipmentLn 10c$792K
Total assetsLn 16$1.9M
LiabilitiesLn 26$757K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 520
VolunteersI 612
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$1.5M$462K
Land, buildings, equipmentLn 10c$934K$792K
Total assetsLn 16$2.8M$1.9M
LiabilitiesLn 26$682K$757K
Net assetsLn 32$2.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$258K$80K$177K
Other salaries and wagesLn 7$984K$892K$93K
Other employee benefitsLn 9$64K$42K$23K
Payroll taxesLn 10$104K$60K$44K
Legal feesLn 11b$19K$19K
Accounting feesLn 11c$119K$119K
Other fees for servicesLn 11g$63K$45K$18K
Advertising and promotionLn 12$71K$71K
Office expensesLn 13$29K$29K
OccupancyLn 16$498K$394K$105K
TravelLn 17$42$42
Conferences, conventions and meetingsLn 19$7K$7K
Depreciation, depletion and amortizationLn 22$142K$112K$30K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$715K$558K$157K
All other expensesLn 24e$9K$6K$2K
Total functional expensesLn 25$3.1M$2.3M$840K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.8M$5.7M$2.1M$5.1M 990 PDF
FY2024 $5.6M$5.1M$576K$3.1M 990 PDF
FY2023 $4.9M$4.5M$402K$2.5M 990 PDF
FY2022 $4.7M$3.7M$958K$2.1M 990 PDF
FY2021 Viewing $2.1M$3.1M−$980K$1.1M 990 PDF
FY2020 $5.0M$3.4M$1.6M$2.1M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,116,902 across 7 lines filed
Lines not itemized here account for −$14,720 of total revenue; see the IRS return.
VIII-1e Government grants$449,367
VIII-1f All other contributions, gifts and grants$1,186,696
VIII-1h Total contributions, gifts and grants$1,636,063
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,360$55,360
VIII-7 Net gain or loss on sales of assetsRelated to mission $102,017$102,017
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $338,182$338,182
VIII-12 Total revenueRelated to mission $495,559 · Unrelated business $0 · Excluded from tax −$14,720$2,116,902
Part IX · Statement of functional expenses $3,096,692 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $80,482 · Management $177,288$257,770
IX-7 Other salaries and wagesPrograms $891,548 · Management $92,779$984,327
IX-9 Other employee benefitsPrograms $41,641 · Management $22,678$64,319
IX-10 Payroll taxesPrograms $60,413 · Management $43,747$104,160
IX-11b Legal feesManagement $18,929$18,929
IX-11c Accounting feesManagement $118,700$118,700
IX-11g Other fees for servicesPrograms $45,160 · Management $18,030$63,190
IX-12 Advertising and promotionPrograms $70,855$70,855
IX-13 Office expensesManagement $28,979$28,979
IX-16 OccupancyPrograms $393,772 · Management $104,673$498,445
IX-17 TravelManagement $42$42
IX-19 Conferences, conventions and meetingsManagement $7,394$7,394
IX-22 Depreciation, depletion and amortizationPrograms $112,283 · Management $29,848$142,131
IX-23 InsuranceManagement $13,440$13,440
IX-24 Other expenses (24a–d)Programs $558,233 · Management $157,120$715,353
IX-24e All other expensesManagement $6,158 · Fundraising $2,500$8,658
IX-25 Total functional expensesPrograms $2,254,387 · Management $839,805 · Fundraising $2,500$3,096,692
Part X · Balance sheet $1,886,039 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,040,902$303,962
X-2 Savings and temporary cash investmentsStart of year $508,111$158,357
X-3 Pledges and grants receivableStart of year $27,400$393,389
X-8 Inventories for sale or useStart of year $7,711$6,479
X-9 Prepaid expenses and deferred chargesStart of year $273,421$232,273
X-10c Land, buildings and equipment, netStart of year $933,710$791,579
X-16 Total assetsStart of year $2,791,255$1,886,039
X-17 Accounts payable and accrued expensesStart of year $272,650$166,053
X-19 Deferred revenueStart of year $265,842$340,500
X-26 Total liabilitiesStart of year $681,979$756,553
X-27 Net assets without donor restrictionsStart of year $1,795,569$967,779
X-28 Net assets with donor restrictionsStart of year $313,707$161,707
X-32 Total net assets or fund balancesStart of year $2,109,276$1,129,486
X-33 Total liabilities and net assetsStart of year $2,791,255$1,886,039
Part XI · Reconciliation of net assets $1,129,486 net assets at year end
XI-1 Total revenue$2,116,902
XI-2 Total expenses$3,096,692
XI-3 Revenue less expenses−$979,790
XI-4 Net assets at start of year$2,109,276
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,129,486

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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