named programs · 3 · from sources
What they call their work
Business Development Grants
Issues grants to support the growth and development of local businesses
Low-Cost Energy Program
Provides qualifying area businesses with access to low-cost energy to support operational sustainability
Revolving Loan Fund
Provides financing to qualifying businesses in St. Lawrence County through a self-sustaining loan fund
activities · 2 groups
What they do
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Local Business Financing and Incentives 2 activities
- Administering revolving loan fund for economic developmentOperates a revolving loan fund to finance economic and business development initiatives in St. Lawrence County, providing accessible capital to support local enterprises.
- Providing low-cost energy to businessesSupplies low-cost energy to qualifying businesses in St. Lawrence County as an economic development incentive to reduce operational costs and support business growth.
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Municipal and Community General Support 1 activity
- Funding business development through grantsIssues grants to support economic and business development projects in St. Lawrence County, providing financial assistance to qualifying local businesses and entrepreneurial initiatives.
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financials · form 990 · fy2025
revenue
Total revenue$496K
Contributions & grants$00%
Program service revenue$173K35%
Investment income$323K65%
Other revenue$0
expenses
Total expenses$420K
Program expenses55%
Admin / overhead45%
Fundraising0%
Salaries & benefits$105K
Grants paid out$122K
Largest expense lineCompensation
balance sheet
Total assets$15.97M
Cash$11.74M
Investments$0
Liabilities$75K
Net assets$15.90M
Liquid reserves335.9 mo
6 years on record · 2020–2025 · YoY revenue +19.4%
leadership · form 990 part vii · fy2025
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| PATRICK J KELLY | CEO | 1 | $183K |
| KIMBERLY A GILBERT | CFO | 1 | $81K |
board members · 7
- ANDREW J MCMAHON — BOARD MEMBER
- BRIAN W STAPLES CPA — CHAIRMAN
- ERNEST LABAFF — SECRETARY
- JAMES REAGEN — BOARD MEMBER
- LYNN BLEVINS — VICE CHAIRMAN
- MARK C HALL — BOARD MEMBER
- STEVEN MORRILL — BOARD MEMBER
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.
- Economic Development Incentives through Financial and Energy Subsidiesmethodology: economic_development_incentivesBy providing a combination of revolving loans, grants, and subsidized energy, the organization stimulates business growth and regional economic development because these incentives reduce barriers to investment and lower operational costs for businesses.