2024-11-14T17:11:03-06:00 2023-12-31 161092347 MENGEL METZGER BARR & CO LLP 229B PARRISH STREET SUITE 240 CANANDAIGUA NY 14424 990 2023-01-01 271727452 ONTARIO COUNTY ECONOMIC DEVELOPMENT CORP ONTA 5853964460 20 ONTARIO STREET CANANDAIGUA NY 14424 RYAN DAVIS EXECUTIVE DIRECTOR 5853964460 2024-11-08 1 1 THOMAS ZUBER P02154016 5854231860 2024-11-08 2023 2024-10-15 13:58:12Z RYAN DAVIS 20 ONTARIO STREET CANANDAIGUA NY 14424 627063 0 X WWW.ONTARIOCOUNTYNY.GOV X 2010 NY RELIEVE AND REDUCE UNEMPLOYMENT, TO BETTER & MAINTAIN JOB OPPORTUNITIES, PROMOTE & PROVIDE FOR ADDITIONAL EMPLOYMENT, TO HELP INCREASE THE TAX BASE OF ONTARIO COUNTY THROUGH THE ATTRACTION OF PRIVATE SECTOR INVESTMENT, AND TO LESSEN THE BURDENS OF GOVERNMENT AND ACT IN PUBLIC INTEREST. 11 11 0 12 0 0 916230 444836 127019 130070 346 52157 0 0 1043595 627063 944000 434534 0 0 0 0 0 0 0 195634 92948 1139634 527482 -96039 99581 4828755 4938251 711758 721673 4116997 4216578 X RELIEVE AND REDUCE UNEMPLOYMENT, TO BETTER & MAINTAIN JOB OPPORTUNITIES, PROMOTE & PROVIDE FOR ADDITIONAL EMPLOYMENT, TO HELP INCREASE THE TAX BASE OF ONTARIO COUNTY THROUGH THE ATTRACTION OF PRIVATE SECTOR INVESTMENT, AND TO LESSEN THE BURDENS OF GOVERNMENT AND ACT IN PUBLIC INTEREST. 0 0 478931 434534 130070 PROMOTING EMPLOYMENT, ENCOURAGING DEVELOPMENT AND ATTRACTING NEW INDUSTRY TO THE AREA. 478931 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 NY X X MICHAEL WOJCIK 5853964460 20 ONTARIO STREET CANANDAIGUA NY 14424 X KAREN PARKHURST DIRECTOR 2.00 X 0 0 0 ROBERT SOLLENNE CHAIRMAN 5.00 X X 0 0 0 KEVIN HILL TREASURER 5.00 X X 0 0 0 JOSEPH BRIDGEFORD VICE CHAIRMAN - RESIGNED DURING YEAR 2.00 X X 0 0 0 FRED LIGHTFOOTE DIRECTOR 2.00 X 0 0 0 WALTER MATYJAS DIRECTOR 2.00 X 0 0 0 FRED WILLIE DIRECTOR 2.00 X 0 0 0 ERICA WRIGHT VICE CHAIRMAN 5.00 X X 0 0 0 DAVID LINGER DIRECTOR 2.00 X 0 0 0 PETER INGALSBE DIRECTOR 2.00 X 0 0 0 LYNN FREID DIRECTOR 2.00 X 0 0 0 CARLA SIELING DIRECTOR - JOINED DURING YEAR 2.00 X 0 0 0 MICHAEL WOJCIK CFO 10.00 X 0 0 0 RYAN DAVIS EXECUTIVE DIRECTOR 10.00 X 0 0 0 0 0 0 0 0 0 0 0 444836 444836 PROGRAM INCOME 900099 129670 129670 APPLICATION INCOME 900099 400 400 130070 52157 52157 627063 130070 0 52157 X 434534 434534 8609 8609 8850 8850 67589 67589 4500 4500 1869 1869 295 295 3398 3398 ONTARIO COUNTY SERVICES 71274 35637 35637 MISCELLANEOUS 3127 275 2852 ALLOWANCE FOR BAD DEBT -76563 -76563 527482 478931 48551 0 750 750 916080 2380764 2300 3300 3909625 2553437 10945 10945 0 0 4828755 4938251 1660 11223 710098 710450 711758 721673 X 3704291 4196795 412706 19783 4116997 4216578 4828755 4938251 99581 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10945 10945 0 0 X 627063 0 627063 0 627063 527482 0 527482 0 527482 PART X, LINE 2: THE OCEDC IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE TAX-EXEMPT STATUS. MANAGEMENT IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE THE CORPORATION'S TAX-EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. THE CORPORATION HAS RECEIVED A DETERMINATION LETTER FROM THE IRS. 1 759 CANANDAIGUA INC 759 S MAIN STREET CANANDAIGUA NY 14424 830847547 60000 0 COVID RELIEF B&D ENTERPRISES OF NAPLES LTD 154 N MAIN STREET NAPLES NY 14512 200321356 20000 0 COVID RELIEF CELLA INC OF ONTARIO COUNTY 245 MAIN STREET CANANDAIGUA NY 14424 462620825 40000 0 COVID RELIEF KETTLE RIDGE FARM 515 LOG CABIN FARMS VICTOR NY 14564 130444286 20000 0 COVID RELIEF LINCOLN HILL FARM 3792 STATE ROUTE 247 CANANDAIGUA NY 14424 821556576 60000 0 COVID RELIEF MCAM CHAR LLC 68 CASTLE STREET GENEVA NY 14456 475386956 40000 0 COVID RELIEF MAC'S PHILLY STYLE INC 76 SOUTH MAIN STREET CANANDAIGUA NY 14424 204009114 20000 0 COVID RELIEF ONTARIO COUNTY TREASURER 20 ONTARIO STREET CANANDAIGUA NY 14424 166002565 40000 0 JOB TRAINING THE CRACKER FACTORY 35 LEHIGH STREET GENEVA NY 14456 251153990 40000 0 COVID RELIEF THE NORTH FARM LLC 4988 WEST LAKE ROAD GENEVA NY 14456 127684271 40000 0 COVID RELIEF THE RUSTY PIG LLC 34 LINDEN STREET GENEVA NY 14456 833857751 40000 0 COVID RELIEF ZOETEK MEDICAL SALES & SERVICE INC 668 PHILLIPS ROAD VICTOR NY 14564 161249879 14534 0 MET MILESTONES FOR DEFERRED LOAN PART I, LINE 2: OUTLOOK REMINDERS OF KEY DELIVERABLE AND FOLLOW-UP DATES ARE SET UP ONCE THE GRANT/DEFERRED LOAN DOCUMENTS ARE SIGNED. EACH GRANT/DEFERRED LOAN IS UNIQUE AND THE KEY DATES ARE GENERALLY BASED ON THE EXECUTION DATE OF THE DOCUMENT. GRANT/DEFERRED LOANS ARE REVIEWED AT THE END OF EACH QUARTER IN CONJUNCTION WITH COMPLETING THE ORGANIZATION'S FINANCIALS. FORM 990, PART VI, SECTION A, LINE 7A THE EDC HAS AN 11 MEMBER BOARD OF DIRECTORS. ONTARIO COUNTY MAY APPOINT NO MORE THAN THREE OF THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS ARE APPROVED BY THE GOVERNING BODY. ONTARIO COUNTY MAY REMOVE ANY DIRECTOR THEY APPOINT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BODY REVIEWS THE STATUS OF ANY POTENTIAL CONFLICT OF INTEREST IN ACCORDANCE WITH THEIR POLICIES. IN ADDITION, THE BOARD SIGNS AFFIDAVITS ANNUALLY INDICATING ANY POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION AVAILABLE UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G CONSULTANT SERVICES: PROGRAM SERVICE EXPENSES 67,589. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,589. AA THE PROCESS IS GOVERNED BY THE OCEDC AUDIT COMMITTEE AND THERE HAS BEEN NO CHANGE IN ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.