NonprofitsWatertown Local Development Corporation

Community Improvement & Capacity Building

Watertown Local Development Corporation

WATERTOWN, NY

Total revenue

$748K

Total expenses

$347K

Net assets

$10.0M

Grants received

EIN

161199439

Tax year

2024

Mission

The organization's mission is to foster an environment of cooperation between the city government, economic development agencies and the private sector with the goal of promoting economic expansion and prosperity in the city of watertown. Moreover, the organization uses financial resources to leverage other investments, with the goal of job creation, retention and elimination of blight.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$275K
Investment income$171K
Other revenue$301K
Total revenue$748K

Expenses

Grants paid
Salaries & benefits$246K
Fundraising
Other expenses$102K
Total expenses$347K
Total assets$10.2M
Net assets$10.0M

People

10 listed

NameRoleCompensation

KYLEE MCGRATH

CEO

Board

$72K

40 hrs/wk

DON RUTHERFORD

CEO (FORMER)

Board

$62K

40 hrs/wk

JOY NUFFER

CFO

Board

$36K

40 hrs/wk

CHRISTINA GRIMSHAW

DIRECTOR

Board

1 hrs/wk

DAWN COLE

DIRECTOR

Board

1 hrs/wk

SARAH COMPO PIERCE

PRESIDENT

Board

1 hrs/wk

MICHAEL LUMBIS

DIRECTOR

Board

1 hrs/wk

STEPHEN HUNT

DIRECTOR

Board

1 hrs/wk

MICHAEL PIERCE

TREASURER/SECRETARY

Board

1 hrs/wk

MARSHALL WEIR

VICE PRESIDENT

Board

1 hrs/wk

Details

EIN161199439
NTEE codeS31Z
Subsection03
Ruling date1984-06
Formed1981
Employees3
Volunteers0
WATERTOWN LOCAL DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo