To relieve and reduce unemployment; to promote and provide for additional and maximum employment; to better and to maintain job opportunities; to carry on research for the purpose of aiding the communities of the town and village of Clayton, new york.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $3K a year · 7% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 13 voting members
Looks good: 7 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$43K
-12% vs prior year
Spent
$44K
To programs
72%
Net assets
$18K
By yearFY2020–FY2024
Revenue
$43K
FY2024▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$43K
FY2021$42K
FY2022$58K
FY2023$49K
FY2024$43K
Expenses
$44K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$50K
FY2021$51K
FY2022$57K
FY2023$49K
FY2024$44K
Net assets
$18K
FY2024▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$29K
FY2021$20K
FY2022$21K
FY2023$20K
FY2024$18K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2005.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $32K Management & general 28% · $12K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Clayton Local 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 15aYes

Programs and updates

Helps Clayton, NY residents find and keep jobs through research and employment programs.

Questions for Clayton Local Development Corporation

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1 program · $32K · in their own filed words · FY2024
01

To relieve and reduce unemployment; to promote and provide for additional and maximum employment; to better and to maintain job opportunities; to carry on research for the purpose of aiding the communities of the town and village of clayton, new york.

$32Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$43K
Ln 12
Gifts and grantsLn 1h$32K
Fees for servicesLn 2g$10K
Investment incomeLn 3$2
Money outPt IX
$44K
Ln 25
Programscol B$32K
Managementcol C$12K
Owns and owesPt X
$18K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$21K
LiabilitiesLn 26$3K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Government grantsLn 1e$32K
Fees for servicesLn 2g$10K
Investment incomeLn 3$2
Total revenueLn 12$43K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Other assetsLn 15$100
Total assetsLn 16$21K
LiabilitiesLn 26$3K
Net assetsLn 32$18K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$12K$20K
Total assetsLn 16$23K$21K
LiabilitiesLn 26$3K$3K
Net assetsLn 32$20K$18K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$35K$32K$4K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$569$569
Office expensesLn 13$1K$1K
InsuranceLn 23$897$897
Other expenses (24a–d)Ln 24$50$50
Total functional expensesLn 25$44K$32K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS May 13, 2025 $43K$44K−$2K$18K 990 PDF
FY2023Filed with the IRS Apr 3, 2024 $49K$49K−$847$20K 990 PDF
FY2022Filed with the IRS May 18, 2023 $58K$57K$678$21K 990 PDF
FY2021Filed with the IRS Apr 26, 2022 $42K$51K−$9K$20K 990 PDF
FY2020Filed with the IRS Mar 31, 2021 $43K$50K−$6K$29K 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 FY2024 990 (6 parts)
Part I · Summary $42,502 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,000$32,500
I-9 Program service revenuePrior year $20,500$10,000
I-10 Investment incomePrior year $2$2
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $48,502$42,502
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $49,349$44,172
I-18 Total expensesPrior year $49,349$44,172
I-19 Revenue less expensesPrior year −$847−$1,670
Part VI · Governance 7 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $42,502 across 5 lines filed
VIII-1e Government grants$32,500
VIII-1h Total contributions, gifts and grants$32,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,000$10,000
VIII-3 Investment incomeRelated to mission $2$2
VIII-12 Total revenueRelated to mission $10,002 · Unrelated business $0 · Excluded from tax $0$42,502
Part IX · Statement of functional expenses $44,172 across 6 lines filed
IX-11a Management feesPrograms $31,815 · Management $3,535$35,350
IX-11c Accounting feesManagement $6,110$6,110
IX-12 Advertising and promotionManagement $569$569
IX-13 Office expensesManagement $1,196$1,196
IX-23 InsuranceManagement $897$897
IX-24 Other expenses (24a–d)Management $50$50
IX-25 Total functional expensesPrograms $31,815 · Management $12,357 · Fundraising $0$44,172
Part X · Balance sheet $21,043 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $11,713$20,043
X-4 Accounts receivableStart of year $10,900$900
X-15 Other assetsStart of year $100$100
X-16 Total assetsStart of year $22,713$21,043
X-17 Accounts payable and accrued expensesStart of year $3,042$3,042
X-26 Total liabilitiesStart of year $3,042$3,042
X-27 Net assets without donor restrictionsStart of year $19,671$18,001
X-32 Total net assets or fund balancesStart of year $19,671$18,001
X-33 Total liabilities and net assetsStart of year $22,713$21,043
Part XI · Reconciliation of net assets $18,001 net assets at year end
XI-1 Total revenue$42,502
XI-2 Total expenses$44,172
XI-3 Revenue less expenses−$1,670
XI-4 Net assets at start of year$19,671
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,001

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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