NonprofitsAdirondack Economic Development Corp

Community Improvement & Capacity Building

Adirondack Economic Development Corp

SARANAC LAKE, NY

Total revenue

$727K

Total expenses

$893K

Net assets

$1.1M

Grants received

$122K

7 grants

EIN

222243540

Tax year

2024

Mission

To foster and support the growth of sustainable North Country communities through providing assistance to aspiring entrepreneurs and existing small business owners.

Programs

1 program

Provide loan funds for small businesses via SBA and US Department of Agriculture programs and local loan assistance programs.

Financials

FY 2024

Revenue

Contributions & grants$587K
Program service revenue$138K
Investment income$2K
Other revenue
Total revenue$727K

Expenses

Grants paid
Salaries & benefits$417K
Fundraising
Other expenses$476K
Total expenses$893K
Total assets$3.9M
Net assets$1.1M

People

16 listed

NameRoleCompensation

Victoria Duley

Executive Dir.

Board

$111K

37.5 hrs/wk

KEVIN WILSON

FINANCE DIRECT.

Board

$73K

37.5 hrs/wk

Cedric Carter

Director

Board

0.2 hrs/wk

Heather Couture

Treasurer

Board

0.3 hrs/wk

Robert Aiken

Chairperson

Board

0.3 hrs/wk

Patricia Wilson

Director

Board

0.2 hrs/wk

JAMES LAZORE

Vice Chair

Board

0.3 hrs/wk

Molly Ryan

Director

Board

0.2 hrs/wk

James Rucker

Secretary

Board

0.3 hrs/wk

Amber Stevens

Director

Board

0.2 hrs/wk

MIKE KINNIE

Director

Board

0.2 hrs/wk

Timothy Kononan

Director

Board

0.2 hrs/wk

John Piseck Jr

Director

Board

0.2 hrs/wk

Tori Riley

Director

Board

0.2 hrs/wk

Kelly Gonyo

Director

Board

0.2 hrs/wk

MICHELLE CAPONE

Director

Board

0.2 hrs/wk

Grants received

Showing 7 of 7

FromAmountPurposeYear
$20K
FOR THE "COMPREHENSIVE ADIRONDACK ENTREPRENEUR SUPPORT INITIATIVE" APPLICATION. THIS GRANT IS FUNDED IN PARTNERSHIP WITH THE LEEDOM CHARITABLE TRUST FUND
2024
$5K
UNRESTRICTED GRANT
2024
$20K
FOR YEAR THREE SUPPORT OF "BUILDING ECONOMIC EQUITY IN THE NORTH COUNTRY"
2023
$30K
FOR LOAN LOSS RESERVE FOR THE ADIRONDACK SMALL BUSINESS CAPITAL ACCESS FUND
2022
$20K
FOR BUILDING ECONOMIC EQUITY IN THE NORTH COUNTRY
2022
$17K
General Charitable
2022
$10K
SOCIALLY AND ECONOMICALLY DISADVANTAGED SMALL BUSINESS ASSISTANCE
2022

Funded by

$122K from 3 funders · 7 grants · 2022–2024

Adirondack Foundation

$90K · 4 grants · 2022–2024

Cloudsplitter Foundation

$22K · 2 grants · 2022–2024

Td Charitable Foundation

$10K · 1 grant · 2022

Details

EIN222243540
NTEE codeS30
Subsection03
Ruling date1996-07
Formed1986
Employees7
ADIRONDACK ECONOMIC DEVELOPMENT CORP — Mission, Financials & Grants Received | Grantivo