2026-07-07T12:22:53-04:00 2025-12-31 133952752 DESANTIS KIEFER SHALL & SARCONE LLP 1675 RICHMOND ROAD STATEN ISLAND NY 103042317 990 2025-01-01 133706442 STATEN ISLAND ECONOMIC DEVELOPMENT CORPORATION STAT 7184771400 201 EDWARD CURRY AVENUE SUITE 103 STATEN ISLAND NY 10314 MICHAEL CUSICK PRESIDENT & CEO 7184771400 2026-06-24 true DONALD SARCONE CPA CGMA P00003283 7183512233 2026-07-07 2025 2025-03-06 01:10:19Z MICHAEL CUSICK 201 EDWARD CURRY AVENUE SUITE 103 STATEN ISLAND NY 10314 2342448 false X WWW.SIEDC.ORG X 1993 NY THE PURPOSE OF THE ORGANIZATION IS TO PLAN AND PROMOTE AND, IF NECESSARY, COORDINATE AND EXECUTE PROGRAMS IN STATEN ISLAND, NEW YORK TO ENHANCE THE QUALITY OF LIFE OF ITS RESIDENTS AND TO IMPROVE THE BUSINESS ENVIRONMENT AND EMPLOYMENT BASE OF STATEN ISLAND. 41 41 15 0 1675300 1706880 428640 439159 18855 27739 130792 100877 2253587 2274655 0 0 1321110 1389300 0 238756 837583 933450 2158693 2322750 94894 -48095 2349875 2303620 474063 475903 1875812 1827717 X THE PURPOSE OF THE ORGANIZATION IS TO PLAN AND TO PROMOTE AND, IF NECESSARY, COORDINATE AND EXECUTE PROGRAMS IN STATEN ISLAND, NEW YORK, TO ENHANCE THE QUALITY OF LIFE OF ITS RESIDENTS AND TO IMPROVE THE BUSINESS ENVIRONMENT AND EMPLOYMENT BASE OF STATEN ISLAND. false false 813338 193230 TO PROMOTE, COORDINATE AND EXECUTE PROGRAMS TO IMPROVE THE QUALITY OF LIFE AND BUSINESS ENVIRONMENT AND EMPLOYMENT BASE ON STATEN ISLAND. 388184 92223 STUDY, PLAN AND ASSIST THE PHYSICAL DEVELOPMENT OF THE BOROUGH. 314244 74657 TECHNICAL ASSISTANCE TO INDUSTRIAL BUSINESSES. 332730 79049 BUSINESS DEVELOPMENT SERVICES TO UNDERSERVED BUSINESSES ON STATEN ISLAND. ASSIST BUSINESS OWNERS WITH FINANCING, JOB TRAINING, AND NAVIGATING GOVERNEMNT AND TECHNOLOGY. 332730 79049 1848496 true true false false false false false false false true true false false false true true true false false false false false false false true false false false false true false false false false false true false false false false false false false false false false false true 7 0 15 true false false false false false false false false false false false false false false X 41 41 false false false false true false false true true false false true true true true true true true true false NY X DORIS VITIELLO 7184771400 201 EDWARD CURRY AVENUE SUITE 103 STATEN ISLAND NY 10314 MICHAEL CUSICK PRESIDENT & 35.00 X 268939 0 7874 GINA GUTMAN SR. VICE PRE 35.00 X 165735 0 26775 ELI KHAZZAM VP PROJECTS 35.00 X 116266 0 0 JODI GUAGLIARDO VP DEVELOP 35.00 X 111000 0 0 DORIS VITIELLO COMPTROLLER 35.00 X 83890 0 3567 KIMBERLY ALTHOFF DIRECTOR 1.00 X 0 0 0 MICHAEL ALTOBELLI DIRECTOR 1.00 X 0 0 0 GINA ARGENTO DIRECTOR 1.00 X 0 0 0 JOHN ATKINS DIRECTOR 1.00 X 0 0 0 KIM AVILEZ DIRECTOR 1.00 X 0 0 0 MIKE BELLONI DIRECTOR 1.00 X 0 0 0 ED BIRDIE DIRECTOR 1.00 X 0 0 0 RALPH BRANCA CHAIRMAN 3.00 X X 0 0 0 CAROL BULLOCK DIRECTOR 1.00 X 0 0 0 MICHAEL CARIDI DIRECTOR 1.00 X 0 0 0 RICHARD CORASH DIRECTOR 1.00 X 0 0 0 CAROL DECINA SECRETARY 3.00 X X 0 0 0 FRED DIGIOVANNI DIRECTOR 1.00 X 0 0 0 JEFFREY A DOGGERT DIRECTOR 1.00 X 0 0 0 R RANDY LEE ESQ CHAIRMAN EME 1.00 X 0 0 0 JOE FERRARA DIRECTOR 1.00 X 0 0 0 STANLEY M FRIEDMAN EXEC VICE CH 3.00 X X 0 0 0 DWIGHT GENIAS DIRECTOR 1.00 X 0 0 0 MATT GLASSER DIRECTOR 1.00 X 0 0 0 PHILIP GUARNIERI TREASURER 3.00 X X 0 0 0 JOHN DILEO JR DIRECTOR 1.00 X 0 0 0 STEVE KLEIN EXECUTIVE CO 1.00 X 0 0 0 ROBIN LEFKOWITZ DIRECTOR 1.00 X 0 0 0 SADIA MALIK DIRECTOR 1.00 X 0 0 0 MICHAEL MANZULLI CHAIRMAN EME 1.00 X 0 0 0 KENNETH MITCHELL DIRECTOR 1.00 X 0 0 0 JAMES P MOLINARO DIRECTOR 1.00 X 0 0 0 ROBERT P MOORE VICE CHAIRMA 3.00 X X 0 0 0 ROBERT MYERS DIRECTOR 1.00 X 0 0 0 EVAN PETRACCA DIRECTOR 1.00 X 0 0 0 DANIEL MESSINA PHD DIRECTOR 1.00 X 0 0 0 DANIEL RYAN EXECUTIVE CO 1.00 X 0 0 0 MICHAEL SANICOLA DIRECTOR 1.00 X 0 0 0 ANTHONY SANTO DIRECTOR 1.00 X 0 0 0 MARCELLO SCIARRINO EXECUTIVE CO 1.00 X 0 0 0 MEAGAN SILLS DIRECTOR 1.00 X 0 0 0 SHAWN STRADFORD DIRECTOR 1.00 X 0 0 0 MATTHEW SYPA DIRECTOR 1.00 X 0 0 0 CHRIS TIMARI DIRECTOR 1.00 X 0 0 0 JOE TORRES VICE CHAIRMA 3.00 X X 0 0 0 ROBERT WALLACE DIRECTOR 1.00 X 0 0 0 745830 38216 4 false true false 396303 1288288 22289 1706880 ECONOMIC DEVELOPMENT 561499 363457 363457 MANAGEMENT FEE 561499 75702 75702 439159 27739 27739 168670 67793 100877 2274655 439159 27739 591315 443486 70958 76871 701508 526131 84181 91196 8572 6429 1028 1115 36449 27337 4374 4738 51456 38592 6175 6689 1040 1040 19500 19500 117939 88454 14153 15332 38234 28676 4588 4970 35860 26896 4301 4663 4976 3732 597 647 29066 21800 3487 3779 39523 29642 4743 5138 18541 13906 2225 2410 MERCHANT PROGRAMS 263954 263954 PROGRAM RELATED EXPENSES 158430 158430 MAINTENANCE 82603 82603 OPERATING LEASE - OFFICE 68803 51602 8257 8944 54981 36826 5891 12264 2322750 1848496 235498 238756 1244494 1297498 232028 313993 615108 559427 42916 35436 12407 7923 240083 201226 78380 38857 124542 50486 2349875 2303620 165890 257202 181576 167162 126597 51539 474063 475903 X 1852844 1820024 22968 7693 1875812 1827717 2349875 2303620 -48095 X false true X true false X 1751932 1500144 1742782 1675300 1706880 8377038 1751932 1500144 1742782 1675300 1706880 8377038 8377038 1433 3761 8326 18855 27739 60114 87500 87500 72500 74000 75702 397202 8834354 3117396 0.94820 0.94820 X PART II, LINE 10 MANAGEMENT FEE 397,202 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22968 7693 22968 7693 41315 22968 41315 22968 76840 41315 76840 41315 129646 76840 129646 76840 176764 129646 176764 129646 1.00000 false false 136995 112235 24760 47624 42463 5161 55464 46528 8936 38857 OPERATING LEASE LIABILITY - OFFICE 46710 OPERATING LEASE LIABILITY - EQUIPMEN 4829 51539 X 2285655 11000 11000 2274655 2274655 2333750 11000 11000 2322750 2322750 SCHEDULE D, PAGE 3, PART X THE SIEDC IS SUBJECT TO THE PROVISIONS OF THE FASB ASC TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE SIEDC'S GENERAL TAX-EXEMPT STATUS, ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON ITS FINANCIAL STATEMENTS. ANNUAL AWARDS 94250 94250 38594 4000 CHAIRMAN OUTING 74420 74420 21184 4015 168670 168670 59778 4000 4015 67793 100877 X X false false false false false false false false false MICHAEL CUSICK PRESIDENT & CEO 268939 7874 276813 GINA GUTMAN SR. VICE PRESIDENT 165735 4972 21803 192510 RICHARD CORASH CORASH & HOLLENDER PC BOARD MEMBER 11000 LEGAL SERVICES false SCHEDULE L, PART V SOME MEMBERS OF THE BOARD OF DIRECTORS ARE EMPLOYEES OR BOARD MEMBERS OF COMPANIES WITH WHICH THE SIEDC CONDUCTS BUSINESS. FORM 990 - ORGANIZATION'S MISSION THE PURPOSE OF THE ORGANIZATION IS TO PLAN AND TO PROMOTE AND, IF NECESSARY, COORDINATE AND EXECUTE PROGRAMS IN STATEN ISLAND, NEW YORK, TO ENHANCE THE QUALITY OF LIFE OF ITS RESIDENTS AND TO IMPROVE THE BUSINESS ENVIRONMENT AND EMPLOYMENT BASE OF STATEN ISLAND. FORM 990, PAGE 2, PART III, LINE 4D BUSINESS DEVELOPMENT SERVICES TO UNDERSERVED BUSINESSES ON STATEN ISLAND. ASSIST BUSINESS OWNERS WITH FINANCING, JOB TRAINING, AND NAVIGATING GOVERNEMNT AND TECHNOLOGY. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS SEVERAL DIFFERENT LEVELS OF MEMBERSHIP. MEMBERS PARTICIPATE AT VARIOUS LEVELS AND ADVISE THE BOARD AND MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 11B THE CPA PRESENTS THE 990 TO THE ORGANIZATION'S AUDIT COMMITTEE WHO REVIEWS THE FORM AND PROVIDES A COPY TO EACH BOARD MEMBER FOR COMMENT. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST POLICIES ARE SIGNED EVERY YEAR AND REVIEWED BY MANAGEMENT. AN ANNUAL GOVERNANCE RETREAT IS HELD WHERE ALL POLICIES ARE REVIEWED, DISCUSSED AND VOTED ON. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE PRESIDENT & CEO AND SR. VICE PRESIDENT'S COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION PERIODICALLY HIRES HUMAN RESOURCES CONSULTANTS TO DO A MARKET ANALYSIS AND BENCHMARKING. THE ORGANIZATION ALSO CREATED "MEASURABLE RESULTS" PERFORMANCE EVALUATIONS AND OBTAINED SALARY APPROVAL FROM THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE AT CORPORATE OFFICE AND BY REQUEST.