2025-10-30T05:43:27-07:00 2024-12-31 141815961 ROBERT J PALMERINO CPA 79 NORTH PEARL ST ALBANY NY 12207 990 2024-01-01 833511645 SCHOHARIE ECONOMIC ENTERPRISE CORPORATION SCHO 5185171700 PO BOX 1099 SCHOHARIE NY 12157 ERIC H STEIN Treasurer 2025-10-30 true true ROBERT J PALMERINO CPA P01214589 5184324930 X 2024 2025-03-06 01:10:19Z THOMAS O PUTNAM PO BOX 1099 SCHOHARIE NY 12157 894105 false X seecny.org X 2019 NY Economic development 8 8 3 36 0 360020 777348 6692 67838 78406 68715 31659 496573 894105 0 0 249821 243487 0 0 175039 229490 424860 472977 71713 421128 1266957 1845495 36480 193890 1230477 1651605 The Schoharie Economic Enterprise Corporation (SEEC), formed in 2019, is a not-for-profit organization dedicated to economic development in Schoharie County by promoting, fostering and encouraging the development of business enterprises to combat declines in the regions workforce, overall population, and median household income. SEEC is supported by donations from various corporations, business leaders, and individuals. false false 264506 Business retention and expansion (BR&E) - BR&E is programming intended to help focus the energies of community stakeholders on the economic assets that already exist in the County, making businesses stronger and more resilient over time. SEEC is identifying, designing, and implementing strategies that can help strengthen existing businesses and industries through its BR&E efforts. 90441 Forums - SEEC Prosperity Forums are cohosted by strategic alliances to cultivate common ground, generate creativity, discuss possibilities, find solutions, and mobilize investment in Schoharie County. SEEC hosts a series of Forums annually to advance economic and community vitality. 69507 Grant support - SEEC is focused on securing more capital resources to advance local economic and community development priorities. SEEC will work with businesses and municipal partners to identify, apply, and administer federal, state and local grants that may directly result in job creation and capital investment. SEEC is prequalified at the state and federal level as an approved grant administrator. 424454 true true false false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 24 0 true 3 true false false false false false false false 0 false false false false false false false X 8 8 false false false false false false false true true false false true true true true false false true false false NY X JULIANN PACATTE EXEC DIR 5185171700 PO BOX 1099 SCHOHARIE NY 12157 JULIANNE PACATTE Executive Dir. 40.00 0.00 X 125440 0 19526 THOMAS O PUTNAM EXECUTIVE CHAIR 1.00 0.00 X X 0 0 0 ERIC H STEIN Treasurer 1.00 0.00 X X 0 0 0 PETER J JOHNSON Secretary 1.00 0.00 X X 0 0 0 JAMES R BECKER Board Director 1.00 0.00 X 0 0 0 STEPHEN A HARRIS Board Director 1.00 0.00 X 0 0 0 NAN STOLZENBURG Director 1.00 0.00 X 0 0 0 PAUL CONROY Director 1.00 0.00 X 0 0 0 BENJAMIN OEVERING Director 1.00 0.00 X 0 0 0 125440 19526 1 false false false 0 777348 777348 IMPACT LOAN INTEREST INC. 6692 6692 6692 78406 78406 0 0 0 0 0 0 0 ADMIN SERVICE FEE 561000 31659 31659 31659 894105 116757 0 0 0 0 125440 112896 12544 0 66533 61955 4578 15950 14504 1446 19076 17083 1993 16488 14063 2425 0 2975 2706 269 10965 10965 0 0 0 6820 5740 1080 35400 34940 460 7020 6388 632 0 0 0 1491 1472 19 0 0 0 0 11366 10357 1009 6251 6251 ALLOWANCE FOR CREDIT LOSSES 52447 52447 PROGRAM EXPENSES 37591 37591 PUBLIC RELATIONS 21420 21387 33 REPAIRS AND MAINTENANCE 11021 10031 990 24723 20894 3829 472977 424454 48523 0 216006 301244 0 189525 0 0 0 472020 0 4431 5742 380506 30718 350354 349788 696166 527176 0 0 0 0 1266957 1845495 36480 193890 36480 193890 X 1105477 1574044 125000 77561 1230477 1651605 1266957 1845495 421128 X true X false true false X 544273 595286 394139 360020 777348 2671066 0 0 544273 595286 394139 360020 777348 2671066 2085766 585300 8658 19636 23062 24038 37130 112524 0 22422 -82868 43800 41276 24630 2808220 164284 0.20840 X Current Year Facts and Circumstances: Schoharie Economic Enterprise Corporation (SEEC) is classified as a 509(a)(2) public charity and it continues to be classified as such because it (i) maintains a governing body that represents the broad cross-section of the views and interests of the public, with board members serving various volunteer and public roles within their communities; (ii) provides access to facilities for the benefit of the general public; (iii) continuously provides services and programs that benefit the general public to combat community deterioration in economically depressed areas; and (iv) intentionally works to secure more capital resources to advance local economic and community development priorities, including by soliciting donations from the general public, governmental units, and other public charities. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 369075 24114 344961 5572 5080 492 5859 1524 4335 349788 X Part X : FIN48 Footnote SEEC has adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. SEEC believes that its income tax positions would be sustained under examination by taxing authorities. There are currently no examinations in progress. Form 990, Part VI, Section B, Line 11b THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, AUDIT CHAIR, AND TREASURER AND PROVIDED TO THE BOARD FOR REVIEW AND COMMENT BEFORE FILING Form 990, Part VI, Section B, Line 12c By signing annual statements, SEEC performs a Conflict of Interest policy assessment by which each director may identify potential conflicts of interest, affirm receipt, understanding and agreement with the policy; and acknowledge the duty to disclose possible conflicts. The Board, and or its outside advisors, will also conduct periodic reviews of consistency with charitable purposes in which findings will be recoded in meeting minutes. Form 990, Part VI, Section B, Line 15a THE BOARD, BASED ON ITS GENERAL BUSINESS KNOWLEDGE AND EXPERIENCE SET THE SALARY FOR THE EXECUTIVE DIRECTOR Form 990, Part VI, Section C, Line 19 DOCUMENTS ARE PROVIDED AS REQUESTED