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CARTHAGE INDUSTRIAL DEVELOPMENT CORPORATION

CARTHAGE, NY · EIN 161556274 · Form 990 · FY2025 · NTEE S30 · Community Improvement · Small ($100K-$1M)
revenue
$272K
expenses
$173K
net assets
$4.4M
employees
0
program ratio
94%
mission · from form 990

PROMOTE EMPLOYMENT AND ECONOMIC GROWTH, PROMOTE AND PROVIDE FOR ADDITIONAL MAXIMUM EMPLOYMENT, MAINTAIN JOB OPPORTUNITIES, ATTRACT AND PROMOTE INDUSTRY IN THE COMUNITY OR AREA, LESSEN THE BURDEN OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST

profile · synthesized from sources

CARTHAGE INDUSTRIAL DEVELOPMENT CORPORATION is a New York-based nonprofit focused on community improvement through economic development. It aims to promote employment, attract industry, and maintain job opportunities in the Carthage area. The organization operates as a public-benefit entity to support local economic growth and reduce government burden.

named programs · 2 · from sources

What they call their work

Industrial Attraction and Retention
Works to attract and retain industrial businesses in the Carthage area to expand local employment opportunities and strengthen the regional economy.
Workforce Development Initiative
Collaborates with local employers and government to support job training and employment programs aligned with regional industry needs.
activities · 1 group

What they do

  • Regional Economic Development Initiatives 1 activity
    • Promoting employment and economic growth through industrial development
      Attracts and supports industry to maintain job opportunities and reduce the burden on government in the community.
financials · form 990 · fy2025
revenue
Total revenue$272K
Contributions & grants$00%
Program service revenue$180K66%
Investment income$39K14%
Other revenue$52K
expenses
Total expenses$173K
Program expenses94%
Admin / overhead6%
Fundraising0%
Salaries & benefits$0
Grants paid out$50K
Largest expense lineFacilities
balance sheet
Total assets$4.38M
Cash$1.60M
Investments$0
Liabilities$250
Net assets$4.38M
Liquid reserves111.1 mo
6 years on record · 2020–2025 · YoY revenue +45.9%
leadership · form 990 part vii · fy2025

Who runs it

board members · 9
  • BILL MCMAHON — DIRECTOR
  • BRUCE ARMSTRONG — DIRECTOR
  • DALE KLOCK — PRESIDENT
  • DEREK DAVIS — VICE PRESIDE
  • MARSHALL WEIR — DIRECTOR
  • MICHAEL ASTAFAN — DIRECTOR
  • MICHELLE CAPONE — EX OFFICIO D
  • SCOTT SULLIVAN — DIRECTOR
  • TOD NASH — SECRETARY/TR
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.