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ULSTER COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC

KINGSTON, NY · EIN 141598275 · Form 990 · FY2024 · NTEE S310 · Community Improvement · Small ($100K-$1M)
revenue
$220K
expenses
$275K
net assets
$1.6M
employees
0
program ratio
37%
mission · from form 990

ULSTER COUNTY ECONOMIC DEVELOPMENT ALLIANCE PROMOTES JOB GROWTH, ECONOMIC DEVELOPMENT, AND COMMUNITY REVITALIZATION FOR ULSTER COUNTY AND PROVIDES BUSINESS FINANCING.

profile · synthesized from sources

Ulster County Economic Development Alliance Inc promotes job growth, economic development, and community revitalization in Ulster County, New York. The organization supports local economic activity by providing business financing and fostering initiatives aimed at strengthening the regional economy. Its work focuses on long-term community improvement and economic sustainability within the county.

named programs · 2 · from sources

What they call their work

Business Financing Program
Provides financial support and lending services to small businesses and entrepreneurs in Ulster County to stimulate job creation and economic growth.
Economic Development Initiatives
Runs programs focused on community revitalization, workforce development, and regional economic planning in partnership with local stakeholders.
activities · 1 group

What they do

  • Regional Economic Development Initiatives 1 activity
    • Promote job growth and economic development
      Engages in business financing initiatives to promote job growth, economic development, and community revitalization in Ulster County.
financials · form 990 · fy2024
revenue
Total revenue$220K
Contributions & grants$102K46%
Program service revenue$53K24%
Investment income$52K23%
Other revenue$13K
expenses
Total expenses$275K
Program expenses37%
Admin / overhead63%
Fundraising0%
Salaries & benefits$0
Grants paid out$102K
Largest expense lineProfessional Fees
balance sheet
Total assets$12.34M
Cash$1.70M
Investments$0
Liabilities$10.75M
Net assets$1.59M
Liquid reserves74.3 mo
4 years on record · 2020–2024 · YoY revenue -76.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
CHRISTOPHER R JAROS CFO 11 $118K
KEVIN LYNCH CEO/PRESIDENT 1 $117K
HERBERT LITTS VICE CHAIR 1 $16K
board members · 6
  • BRIAN CAHILL — DIRECTOR
  • CHRISTOPHER CERRONE — DIRECTOR
  • DR GREGORY SIMPSON — CHAIR
  • MEGAN SPERRY — SECRETARY
  • NEJLA LIIAS — DIRECTOR
  • WARD TODD — TREASURER
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.