2024-11-15T11:25:17-06:00 2023-12-31 141555429 UHY ADVISORS NORTHEAST INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2023-01-01 822369976 CEG OF THE CAPITAL REGION CEGO 5184311416 5 COMPUTER DR S ALBANY NY 12205 MARK EAGAN PRESIDENT & CEO 5184311416 2024-11-14 1 1 F MICHAEL ZOVISTOSKI P00547760 5184493166 2024-11-07 2023 2024-10-15 13:58:12Z MARK EAGAN 5 COMPUTER DR S ALBANY NY 12205 2006501 0 X WWW.CEG.ORG X 2017 NY CEG IS DEDICATED TO DRIVING ECONOMIC GROWTH IN NEW YORK'S EIGHT-COUNTY, 1.1 MILLION-PERSON CAPITAL REGION. AS THE NONPROFIT REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION, THE ORGANIZATION DOES THIS BY PROACTIVELY MARKETING THE REGION TO ATTRACT INVESTMENT AND TALENT; GROWING MANUFACTURING AND WORKFORCE CAPABILITIES, LEVERAGING INDUSTRY CLUSTERS, AND DEVELOPING THE ENTREPRENEURIAL ECOSYSTEM. CEG SERVES AS A CATALYST AND WORKS WITH PARTNERS AND STAKEHOLDERS TO PREPARE THE REGION TO COMPETE AND MOVE HIGH-IMPACT STRATEGIES AND PROJECTS FORWARD. CEG IS SUPPORTED BY INVESTORS IN BUSINESS, GOVERNMENT, EDUCATION, AND THE NONPROFIT SECTORS WHO ARE COMMITTED TO SUSTAINABLE ECONOMIC GROWTH AND SHARED PROSPERITY. 7 7 0 0 0 0 1349642 1327162 314636 351378 5347 15617 13700 218596 1683325 1912753 0 0 0 0 0 0 0 0 0 1229034 1344672 1229034 1344672 454291 568081 1459442 1365323 1753979 1045360 -294537 319963 X THE CENTER FOR ECONOMIC GROWTH'S (CEG) MISSION IS TO HELP DRIVE ECONOMIC GROWTH IN NEW YORK'S CAPITAL REGION. A PRIMARY FUNCTION OF THE BUSINESS DEVELOPMENT TEAM IS TO HELP MANUFACTURING AND TECHNOLOGY COMPANIES LOCATE AND EXPAND, RESULTING IN PRIVATE CAPITAL INVESTMENT, JOB CREATION, AND/OR JOB RETENTION. CEG ASSISTS COMPANIES BY PROVIDING TECHNICAL ASSISTANCE AND CONNECTING THEM TO INCENTIVES, CAPITAL, WORKFORCE RESOURCES, AND SITES. 0 0 1095743 203343 BUSINESS GROWTH/INDUSTRY - CEG DEVELOPS STRATEGIES AND MARKETS THE COMPETITIVE ASSETS OF THE CAPITAL REGION TO TARGETED DOMESTIC AND INTERNATIONAL BUSINESS IN HIGH GROWTH SECTORS THAT CORRESPOND TO THE REGION'S INDUSTRY CLUSTERS. THE ORGANIZATION'S ATTRACTION STRATEGY INCLUDES ATTENDANCE AT INDUSTRY SPECIFIC EVENTS AND TRADE SHOWS, DIRECT OUTREACH AND MEETINGS WITH DECISION MAKERS, AND DIGITAL MARKETING. CEG WORKS WITH PROSPECTIVE EXPANSION AND RELOCATION CLIENTS BY IDENTIFYING APPROPRIATE SITES, DEVELOPING PROPOSALS AND RESPONSES TO INFORMATION, PROVIDING ECONOMIC DATA, COORDINATING RESOURCES SUCH AS INCENTIVES AND WORKFORCE DEVELOPMENT NEEDS. WORK IS DONE IN PARTNERSHIP WITH EMPIRE STATE DEVELOPMENT, LOCAL MUNICIPALITIES, AND OTHER LOCAL ECONOMIC DEVELOPMENT AGENCIES. 78611 68000 TALENT DEVELOPMENT/TALENT ATTRACTION - CEG HAS A DEDICATED TALENT ATTRACTION STRATEGY TO HELP GROW ITS WORKFORCE BY MARKETING THE REGION DIGITALLY TO TARGET AREAS, CERTAIN DEMOGRAPHIC POPULATIONS, AND/OR WITHIN TARGET INDUSTRIES. FURTHERMORE, CEG WORKS TO RETAIN THE REGION'S GRADUATING COLLEGE STUDENTS AND INTERNS. 130985 80035 CEG ACTIVITY SECURES SUPPORT FROM INVESTORS IN BUSINESS, GOVERNMENT, EDUCATION, AND NON-PROFIT SECTORS WHO ARE COMMITTED TO SUSTAINABLE ECONOMIC GROWTH AND PROSPERITY. 1305339 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X CHRISTINE HOLLE 5184311416 5 COMPUTER DR S ALBANY NY 12205 RICHARD HENDRICK DIRECTOR 1.00 X 0 0 0 KATIE NEWCOMBE DIRECTOR 1.00 X 0 0 0 ROGER RAMSAMMY DIRECTOR 1.00 X 0 0 0 FRAN O'ROURKE DIRECTOR 1.00 X 0 0 0 STEPHEN OBERMAYER CHAIR 1.00 X X 0 0 0 DAVID DEMARCO TREASURER/SECRETARY 1.00 X X 0 0 0 JOHN BENNETT IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 MARK N EAGAN PRESIDENT & CEO 6.00 39.00 X 56620 368030 76587 CHRISTINE A HOLLE VP, FINANCE & OPERATIONS 5.00 40.00 X 14758 118065 11813 KATHARINE J N BELMONT SENOIR VICE PRESIDENT 44.00 1.00 X 168197 3823 23550 239575 489918 111950 1 0 1 0 0 1080396 246766 1327162 BUSINESS GROWTH 541900 203343 203343 MEMBER SERVICES 541900 80035 80035 TALENT DEVELOPMENT 541900 68000 68000 351378 24405 24405 84960 93748 -8788 -8788 -8788 OTHER INCOME 900099 218596 218596 218596 1912753 351378 0 234213 X 3955 369795 14822 6339 20722 3866 291345 922 28758 SHARED SERVICES 601148 SPONSORSHIPS 3000 1344672 190 30 423924 498472 326594 359536 109135 17725 13099 3171 2792 1815 2353 977 584147 485412 1459442 1365323 142445 41242 481059 473201 1130475 530917 1753979 1045360 X -294537 319963 -294537 319963 1459442 1365323 568081 46419 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 2792 1815 977 977 DUE TO CENTER 454380 DUE TO CAPITAL REGION CHAMBER 76537 530917 X 1955217 46419 46419 1908798 3955 3955 1912753 1340717 0 1340717 3955 3955 1344672 PART X, LINE 2: CEG OF THE CAPITAL REGION, INC. ADOPTED THE PROVISIONS OF FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ADOPTION OF THIS STANDARD RESULTED IN NO UNCERTAIN TAX BENEFITS OR PROVISIONS IDENTIFIED AND RECORDED AS A LIABILITY OR ASSET. CEG BELIEVES THAT THERE ARE NO TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF CEG'S FEDERAL OR STATE INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE OR STATE TAX AUTHORITIES. X X X X 0 0 0 MARK N EAGAN PRESIDENT & CEO 51759 336436 4861 31594 0 0 3520 22880 6692 43495 66832 434405 0 0 KATHARINE J N BELMONT SENOIR VICE PRESIDENT 168197 3823 0 0 0 0 11457 260 11570 263 191224 4346 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS OPEN TO FOR-PROFIT BUSINESSES, NOT FOR-PROFITS AND GOVERNMENTAL ORGANIZATIONS. THE MAJORITY OF MEMBER INVESTORS COME FROM OR HAVE INVESTED IN THE CAPITAL REGION. CEG AIMS TO BRING TOGETHER LEADING ORGANIZATIONS IN THE REGION TO SUPPOST AND DRIVE REGIONAL GROWTH. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS' POWERS TO APPOINT OR ELECT THE GOVERNING BODY MEMBERS OF THE GOVERNING BODY ARE ELECTED BY THE GENERAL MEMBERSHIP TO SERVE TWO-YEAR TEAMS. THEY CAN SEEK RE-ELECTION AFTER A PERIOD OF ONE YEAR HAS ELAPSED FROM THE COMPLETION OF THEIR PREVIOUS TERM. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 ANNUAL RETURN REVIEW PROCEDURE: THE DRAFT FROM 990 IS CIRCULATED TO THE MEMBERS OF THE GOVERNING BODY FOR THEIR REVIEW AND APPROVAL PRIOR TO BEING FINALIZAED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY PROCEDURES: EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY RELATIONSHIPS OR PARTNERSHIPS WITH BOARD MEMBERS, GENERAL MEMBERS, BUSINESS PARTNERS, ELECTED OFFICIALS OR ANY INDIVIDUAL ORGANIZATION WHERE A POTENTIAL CONFLICT MAY EXIST. EMPLOYEES AND BOARD MEMBERS ARE POLLED ON AN ANNUAL BASIS TO ENSURE COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE POLICY IS TO COMPENSATE THE CHIEF EXECUTIVE OFFICER BASED ON NATIONAL COMPARISONS. KEY EMPLOYEES ARE COMPENSATED BASED ON SIMILAR POSITIONS IN THE REGION. THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES PROVIDES PAYROLL COMPARISON AND IS A SOURCE THAT IS REVIEWED TO OBTAIN INFORMATION FOR COMPARISON. FORM 990, PART VI, SECTION C, LINE 19 GOEVERNING DOCUMENTS DISCLOSURE EXPLANATION AVAILABILITY TO THE PUBLIC OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 369,795. CENTER FOR ECONOMIC GROWTH FIVE COMPUTER DRIVE SOUTH ALBANY NY 12205 222880333 ECON GWTH NY 501(C)(3) LINE 10 0 CAPITAL REGION CHAMBER INC FIVE COMPUTER DRIVE SOUTH ALBANY NY 12205 474159612 COMM PROSP NY 501(C)(6) 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CENTER FOR ECONOMIC GROWTH E 454380 CAPITAL REGION CHAMBER INC E 76537 CAPITAL REGION CHAMBER INC N 97729 ALLOC BASED ON STAFFING % CAPITAL REGION CHAMBER INC O 503419 ALLOC BASED ON STAFFING % PRIMARY ACTIVITY ENHANCE REGION COMPETITIVENESS B ATTRACTING HIGH-TECH TALENT AND COMPANIES.