2025-06-26T11:20:36-05:00 2024-12-31 132550103 D'ARCANGELO & CO LLP 120 LOMOND COURT UTICA NY 135025950 990 2024-01-01 160874637 ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION ECON 3153380393 584 PHOENIX DRIVE ROME NY 13441 SHAWNA PAPALE PRESIDENT 3153380393 2025-06-26 1 0 NICOLE E CHUBBUCK CPA P01827874 3157355216 2025-06-26 2024 2025-03-06 01:10:19Z SHAWNA PAPALE 584 PHOENIX DRIVE ROME NY 13441 10997809 0 X WWW.MVEDGE.ORG X 1963 NY TO STRENGTHEN LOCAL BUSINESS, ATTRACT NEW INDUSTRIES AND TALENT, AND CREATE VIBRANT COMMUNITIES TO GROW THE MOHAWK VALLEY ECONOMY 56 41 18 56 0 0 2654052 5951446 5205358 4385615 21933 150328 311777 309505 8193120 10796894 1175678 188865 0 0 1611525 1679792 0 0 0 5538193 5017360 8325396 6886017 -132276 3910877 40575052 50447197 13245375 19221421 27329677 31225776 STRENGTHEN LOCAL BUSINESS, ATTRACT NEW INDUSTRIES AND TALENT, AND CREATE VIBRANT COMMUNITIES TO GROW THE MOHAWK VALLEY ECONOMY. 0 0 6361575 188865 4695120 ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION (EDGE) AND ITS SUBSIDIARY ARE INVOLVED IN ACTIVITIES DESIGNED TO IMPROVE AND EXPAND THE BUSINESS COMMUNITY AND EMPLOYMENT WITHIN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS AND PROMOTE THE GENERAL ECONOMIC DEVELOPMENT OF THE AREA. A PRIMARY ACTIVITY OF EDGE IS THE ARRANGEMENT OF AND/OR PARTICIPATION IN FINANCING PACKAGES FOR LOCAL BUSINESSES, PRINCIPALLY THROUGH LOCAL BANKS, THE SMALL BUSINESS ADMINISTRATION, AND THE EMPIRE STATE DEVELOPMENT CORPORATION. IN ADDITION, EDGE PREPARES ECONOMIC DEVELOPMENT PLANS, PERFORMS RESEARCH, AND CARRIES OUT A UNIFIED MARKETING PROGRAM FOR THE PURPOSE OF ADVANCING ECONOMIC GROWTH IN ONEIDA COUNTY, N.Y., AND ITS ENVIRONS. A SIGNIFICANT PORTION OF EDGE'S REVENUE IS DERIVED FROM GOVERNMENT GRANTS. 6361575 1 1 0 0 0 0 0 1 1 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 19 0 18 1 0 0 0 0 0 0 0 0 0 0 X 56 41 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X MAUREEN CARNEY 3153380393 584 PHOENIX DRIVE ROME NY 13441 LAWRENCE T GILROY III DIRECTOR 1.00 X 0 0 0 MICHELE DEVOE DIRECTOR 1.00 X 0 0 0 MATT NICHOLL DIRECTOR 1.00 X 0 0 0 PETER BAILDON DIRECTOR 1.00 X 0 0 0 MARIANNE GAIGE DIRECTOR 1.00 X 0 0 0 MICHAEL FRAME VICE CHAIR 1.00 X 0 0 0 PATRICK BECHER TREASURER 1.00 X X 0 0 0 JUSTIN HUMMEL CHAIRMAN 1.00 X X 0 0 0 RUSS BREWER DIRECTOR 1.00 X 0 0 0 RAYMOND HALBRITTER DIRECTOR 1.00 X 0 0 0 RANDY VAN WAGONER DIRECTOR 1.00 X 0 0 0 SONDRA BUTCHER DIRECTOR 1.00 X 0 0 0 RYAN O'SHAUGHNESSY DIRECTOR 1.00 X 0 0 0 CHARLES GREEN DIRECTOR 1.00 X 0 0 0 JOHN ROMANO DIRECTOR 1.00 X 0 0 0 RICHARD CREEDON DIRECTOR 1.00 X 0 0 0 BRIAN LOUGHLIN DIRECTOR 1.00 X 0 0 0 NICHOLAS MATT DIRECTOR 1.00 X 0 0 0 STEPHEN WATERS DIRECTOR 1.00 X 0 0 0 ALICIA DICKS DIRECTOR 1.00 X 0 0 0 DAVID M MANZELMANN DIRECTOR 1.00 X 0 0 0 JOHN BUFFA DIRECTOR 1.00 X 0 0 0 MARIA KONTARIDIS DIRECTOR 1.00 X 0 0 0 JOHN J PISECK DIRECTOR 1.00 X 0 0 0 RICHARD TANTILLO DIRECTOR 1.00 X 0 0 0 EVE VAN DE WAL DIRECTOR 1.00 X 0 0 0 DAVID KAVNEY DIRECTOR 1.00 X 0 0 0 TOM NEUMANN DIRECTOR 1.00 X 0 0 0 BRIAN ANDERSON DIRECTOR 1.00 X 0 0 0 NICHOLAS MAYHEW DIRECTOR 1.00 X 0 0 0 ROCCO ARCURI DIRECTOR 1.00 X 0 0 0 MARK LEWIS DIRECTOR 1.00 X 0 0 0 JIM MCCARTHY DIRECTOR 1.00 X 0 0 0 GENO DECONDO VICE CHAIR 1.00 X X 0 0 0 SABRINA WEBSTER DIRECTOR 1.00 X 0 0 0 DARLENE STROMSTAD DIRECTOR 1.00 X 0 0 0 LISA BETRUS DIRECTOR 1.00 X 0 0 0 RON BELLE DIRECTOR 1.00 X 0 0 0 RYAN THOMPSON DIRECTOR 1.00 X 0 0 0 JOHN SNYDER EX-OFFICIO VOTING MEMBER 1.00 X 0 0 0 RONALD EDWARDS EX-OFFICIO VOTING MEMBER 1.00 X 0 0 0 WILLIAM BOWER DIRECTOR 1.00 X 0 0 0 ANDY RUSSELL DIRECTOR 1.00 X 0 0 0 MICHAEL BUSHARDT EX-OFFICIO VOTING MEMBER 1.00 X 0 0 0 GREGORY MATTACOLA EX-OFFICIO VOTING MEMBER 1.00 X 0 0 0 ANNA D'AMBROSIO DIRECTOR 1.00 X 0 0 0 RICHARD EVANS DIRECTOR 1.00 X 0 0 0 NICK ALGER DIRECTOR 1.00 X 0 0 0 TODD PFANNESTIEL DIRECTOR 1.00 X 0 0 0 THOMAS CLARK JR DIRECTOR 1.00 X 0 0 0 GREG EVANS DIRECTOR 1.00 X 0 0 0 KAREN KOROTZER DIRECTOR 1.00 X 0 0 0 STEVE SURACE DIRECTOR 1.00 X 0 0 0 DOUGLAS WALTERS DIRECTOR 1.00 X 0 0 0 DENISE CAVANAUGH EX-OFFICIO VOTING MEMBER 1.00 X 0 0 0 KEVIN GAGLIONE DIRECTOR 1.00 X 0 0 0 STEVEN DIMEO FORMER PRESIDENT 40.00 X 93625 0 9352 NICHOLAS BRUNO SECRETARY, NON-VOTING 40.00 X 88433 0 10131 MAUREEN CARNEY CHIEF FINANCIAL OFFICER 40.00 X 121259 0 22856 SHAWNA PAPALE PRESIDENT 40.00 X 161899 0 45556 CHRISTIAN MERCURIO VICE PRESIDENT PLANNING AN 40.00 X 113689 0 14334 578905 0 102229 3 0 1 0 VIP STRUCTURES INC 101 N SALINA STREET SUITE 100 SYRACUSE NY 13202 ARCHITECT 5724501 WOLFSPEED 4600 SILICON DRIVE DURHAM NC 27703 CONTRACTUAL 1039843 FU WILMERS ARCHITECTS PLLC 101 WARREN STREET SUITE 1920 NEW YORK NY 10007 ARCHITECT 330820 SAUNDERS KAHLER LLP 185 GENESEE STREET 1400 UTICA NY 13501 LEGAL 253640 WESTON & SAMPSON PE LS LA ARCHITECTS P 55 WALKERS BROOK DRIVE SUITE 100 READING MA 01867 ARCHITECT 249349 7 100000 326050 5388582 136814 5951446 PAYMENT IN LIEU OF TAXES 561000 2456299 2456299 SERVICE CONTRACTS 561000 1638591 1638591 LEASE INCOME 532000 220000 220000 LOAN INTEREST INCOME 525990 70725 70725 4385615 127468 127468 223775 200915 22860 22860 22860 0 326050 0 0 OTHER INCOME 900099 309505 309505 309505 10796894 4695120 0 150328 X 188865 188865 553111 442483 110628 825212 671310 153902 77260 62851 14409 122353 99457 22896 101856 82855 19001 245264 199511 45753 30850 30850 2064981 2035361 29620 83112 77137 5975 65845 28739 37106 91861 74725 17136 30097 25075 5022 25687 23305 2382 488551 488551 397153 397153 133007 112182 20825 AMORTIZATION OF PROJECT 754629 754629 REPAIRS AND MAINTENANCE 202535 202535 LEASE RELATED EXPENSES 158365 158365 GRANT COMMITMENT FEE 140000 140000 105423 96486 8937 6886017 6361575 524442 0 472145 3376133 5591066 4199685 1345970 2069183 436924 467903 2563988 2645867 61161 46376 31520525 2023178 20994890 29497347 209279 8899629 8144703 40575052 50447197 979062 4320007 614381 0 151293 183713 17409 270061 8965514 8783993 2517716 5663647 13245375 19221421 X 27269327 31165426 60350 60350 27329677 31225776 40575052 50447197 3910877 -14778 0 X 0 1 X 1 1 1 X 6747597 1587489 1442538 2654052 5951446 18383122 6747597 1587489 1442538 2654052 5951446 18383122 18383122 28168 19331 -20346 36664 135550 199367 18582489 19411772 0.98930 0.99530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 125000 X 0 0 1 X 1925355 1925355 28888098 1531025 27357073 582072 492153 89919 125000 125000 29497347 DEPOSITS 310046 INVESTMENT IN SALES-TYPE LEASES 259445 PROJECT COSTS 7525212 OPERATING RIGHT OF USE ASSET - LAND 50000 8144703 COMPENSATED ABSENCES 62142 REFUNDABLE ADVANCES 1579975 CONSTRUCTION LOAN ADVANCES 4021530 5663647 10782116 -14778 -14778 10796894 0 10796894 6886017 0 6886017 0 6886017 PART III, LINE 4: THE SCULPTURE ENHANCES THE NATURAL BEAUTY OF THE MARCY SUNY PARKWAY, ASSISTING IN OVERALL DEVELOPMENT AND ECONOMIC OPPORTUNITIES ALONG THE PARKWAY, WHICH IS THE ENTRANCEWAY TO THE MARCY NANO CENTER. PART IV, LINE 2B: EDGE HOLDS CASH DEPOSITS RECEIVED ON BEHALF OF THE COMMERCIALIZATION ACADEMY THAT ARE HELD TO REIMBURSE FUTURE EXPENSES OF STUDENTS IN THE PROGRAM. EDGE IS THE ADMINISTRATOR FOR THE PROGRAM EXPENSES. ANNUAL AWARDS EVENT 326050 326050 326050 326050 1 ANDRO COMPUTATIONAL SOLUTIONS LLC 043730066 11318 0 JOBS CREATION PROJECT GRANT GRIFFISS LOCAL DEVELOPMENT CORPORATION 161471446 501 (C)(3) 96152 0 INSTALLATION OF HIGH EFFICIENCY NATURAL GAS BOILERS NEW VENTURE ADVISORS LLC 271433311 79000 0 DAIRY PROCESSING STUDY PART I, LINE 2: GRANT FUNDS ARE FULLY SUBSTANTIATED BY INVOICES AND CANCELLED CHECKS AND COMPARED TO THE GRANT BUDGET FOR PROJECTS APPROVED BY PASS THROUGH ENTITIES. X X X 0 0 0 0 0 0 0 0 0 SHAWNA PAPALE PRESIDENT 161899 0 0 0 0 0 16190 0 29366 0 207455 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS OF THE ORGANIZATION WERE AMENDED AS FOLLOWS: 1. ADDED A CHAIRPERSON-ELECT TO REPLACE A VICE CHAIRPERSON AS AN OFFICER CHOSEN BY THE DIRECTORS ANNUALLY. THE TERM LIMIT FOR CHAIRPERSON AND CHAIRPERSON-ELECT WERE CHANGED TO BE LIMITED TO 2 CONSECUTIVE TERMS. REMOVED THE TERM LIMIT FOR THE TREASURER. 2. ADDED A LIAISON FROM THE DEPARTMENT OF DEFENSE OR AIR FORCE RESEARCH LABORATORY AS AN EX-OFFICIO (WITHOUT A VOTE) DIRECTOR. 3. ADDED A NOMINATING COMMITTEE CONSISTING OF THREE (3) TO SEVEN (7) DIRECTORS. THE NOMINATING COMMITTEE SHALL, AMONG OTHER THINGS, (A) SUPPORT THE BOARD IN IDENTIFYING NEW CANDIDATES TO SERVE ON THE BOARD AND THE CORPORATION'S COMMITTEES, (B) SOLICIT AND INTERVIEW CANDIDATES TO SERVE ON THE BOARD AND THE CORPORATION'S COMMITTEES, (C) RECOMMEND TO THE BOARD NEW CANDIDATES TO SERVE ON THE BOARD AND THE CORPORATION'S COMMITTEES, AND (D) UNDERTAKE SUCH OTHER DUTIES AND RESPONSIBILITIES AS THE BOARD MAY DELEGATE OR ASSIGN TO THE NOMINATING COMMITTEE FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 6 EDGE HAS MEMBERS THAT PAY DUES TO SUPPORT THE ORGANIZATION'S MISSION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP ELECTS THE BOARD OF DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B BEFORE THE FILING OF THE FORM 990, A COMPLETE COPY THEREOF IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND/OR COMMENTS. THE 990 IS FIRST REVIEWED BY THE AUDIT COMMITTEE, CONSISTING OF INDEPENDENT MEMBERS OF THE BOARD. IT IS THEN RECOMMENDED BY THE EXECUTIVE COMMITTEE TO THE FULL BOARD AND IS APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS ARE DOCUMENTED, KEPT ON FILE, AND REVIEWED BY THE AUDIT COMMITTEE ON AN AS NEEDED BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE CONDUCTS A YEARLY REVIEW OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL SERVICE/BENEFITS ADMIN: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 18,712. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,712. CONTRACTORS: PROGRAM SERVICE EXPENSES 1,486,348. MANAGEMENT AND GENERAL EXPENSES 10,908. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,497,256. CONSULTANTS: PROGRAM SERVICE EXPENSES 549,013. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 549,013. 5900 SUCCESS DR REALTY LLC 584 PHOENIX DRIVE ROME NY 13441 030480592 REAL ESTATE HOLDING NY 37100 ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION