NonprofitsQueens Economic Development Corporation

Community Improvement & Capacity Building

Queens Economic Development Corporation

KEW GARDENS, NY

Total revenue

$3.4M

Total expenses

$3.4M

Net assets

$2.3M

Grants received

$1.0M

30 grants

EIN

112436149

Tax year

2023

Mission

The Organization creates and retains jobs through establishing programs throughout neighborhoods that assist small businesses and promote tourism and business development.

Programs

2 programs

Entrepreneur space:provides a commercial kitchen and office space for new andgrowing food-based businesses.the incubator has all the necessary equipmentand resources to start a food manufacturing business. The incubator alsoprovides technical and business counseling as well as marketing opportunities.

Expenses: $781K

Neighborhood development:working with local businesses and newly formed merchant'sorganizations, the qedc provides organizational assistance and advice to improvethe micro-economy of targeted neighborhoods.qedc also provides graffiti removalprograms in several communities.the program also promotes tourism in queens.

Expenses: $295K

Financials

FY 2023

Revenue

Contributions & grants$3.0M
Program service revenue$440K
Investment income$4K
Other revenue$479
Total revenue$3.4M

Expenses

Grants paid
Salaries & benefits$1.6M
Fundraising$123K
Other expenses$1.8M
Total expenses$3.4M
Total assets$3.0M
Net assets$2.3M

People

18 listed

NameRoleCompensation

Seth Bornstein

Executive Dir.

Board

$140K

35 hrs/wk

Shurn Anderson

MEMBER

Board

1 hrs/wk

Omar Baptiste

MEMBER

Board

1 hrs/wk

Winston Crosswell

Vice President

Board

1 hrs/wk

Aaron Fernandez

MEMBER

Board

1 hrs/wk

Stephen Franklin

EXEC. COM.

Board

1 hrs/wk

Ben Guttmann

President

Board

1 hrs/wk

Victor Hunt

MEMBER

Board

1 hrs/wk

Philippa Karteron

MEMBER

Board

1 hrs/wk

Jeff Lambert

MEMBER

Board

1 hrs/wk

Stephen Levin

MEMBER

Board

1 hrs/wk

Mark Lucaj

MEMBER

Board

1 hrs/wk

Verdia Noel

Secretary

Board

1 hrs/wk

Brian Reynolds

MEMBER

Board

1 hrs/wk

Danny Rojas

MEMBER

Board

1 hrs/wk

David Sands

MEMBER

Board

1 hrs/wk

Anita Srivastava

Treasurer

Board

1 hrs/wk

Ryan Walsh

MEMBER

Board

1 hrs/wk

Grants received

Showing 30 of 30

FromAmountPurposeYear
$300K
SUPPORTING QUEENS NIGHT MARKET SMALL BUSINESSES & VENDORS
2024
$15K
TO SUPPORT AN CITY ENTREPRENEURSHIP COMPETITION, THE QUEENS TECH AND INNOVATION CHALLENGE
2024
$9K
BORO TOURISM MARKETING INITIATIVES 2024
2024
$250K
SUPPORTING QUEENS NIGHT MARKET SMALL BUSINESSES & VENDORS
2023
$85K
COMMUNITY GRANT PROGRAM
2023
$60K
SUBCONTRACTOR
2023
$50K
HEALTHY INDIVIDUALS AND COMMUNITIES
2023
$11K
BORO TOURISM AND MARKETING INITIATIVES
2023
$10K
ARTS, CULTURE & ENTERTAINMENT
2023
$6K
For grant recipient's exempt purposes
2023
$5K
CHARITABLE PURPOSES
2023
$1K
FOSTER DIVERSITY & INCLUSION
2023
$30K
MAINTAIN, PROGRAM AND ACTIVATE NYC OPEN SPACES
2022
$15K
GENERAL SUPPORT
2022
$10K
ARTS, CULTURE & ENTERTAINMENT
2022
$8K
For grant recipient's exempt purposes
2022
$1K
SUPPORT LOW INCOME MINORITY BUSINESS
2022
$500
CHARITABLE PURPOSES
2022
$20K
BUILDING COMMUNITIES THROUGH ENTREPRENEURSHIP INITIATIVE
2021
$5K
2021 GENERAL OPERATING SUPPORT
2021
$23K
INNOVATION AWARD
2020
$20K
BRINGING BUSINESS BACK POST COVID INITIATIVE
2020
$15K
UNRESTRICTED GENERAL SUPPORT
2020
$10K
MAINTAIN, PROGRAM AND ACTIVATE NYC OPEN SPACES
2020
$5K
SUPPORT SMALL BUSINESS PROGRAMS
2020
$4K
Matching Gift
2020
$25
GENERAL SUPPORT
2020
$10K
ENTREPRENEURSHIP POST COVID-19
2019

Funded by

$1.0M from 20 funders · 30 grants · 2019–2024

Citizens Philanthropic Foundation Inc

$550K · 2 grants · 2023–2024

Affinity Legacy Inc

$85K · 1 grant · 2023

Urban Justice Center

$60K · 1 grant · 2023

Td Charitable Foundation

$50K · 3 grants · 2019–2021

Tides Foundation

$50K · 1 grant · 2023

City Parks Foundation Inc

$40K · 2 grants · 2020–2022

Fuzehub Inc

$23K · 1 grant · 2020

Details

EIN112436149
NTEE codeS30Z
Subsection03
Ruling date1977-12
Formed1976
Employees29
QUEENS ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo