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Carthage Industrial Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161556274 ✦ Carthage, NY ✦ Designated as a 501(c)(3)

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Overview

What is Carthage Industrial Development Corporation?

Carthage Industrial Development Corporation is a dedicated nonprofit organization situated in Carthage, New York. Their primary mission is to alleviate unemployment, stimulate employment opportunities, and support the local community by attracting industries and facilitating development and redevelopment. They aim to boost employment and economic growth, provide additional job opportunities, lessen the burden of government, and act in the public interest. Their goal is to attract and promote industry within the community, thereby contributing to its overall development and prosperity.

Is Carthage Industrial Development Corporation legitimate?

Carthage Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carthage Industrial Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Carthage Industrial Development Corporation?

The Carthage Industrial Development Corporation's mission is centered around promoting employment and economic growth. Their primary goal is to provide and maximize employment opportunities, maintain existing job opportunities, and attract industries to their community. Additionally, they aim to lessen the burden of government and act in the public interest. Essentially, their mission is to alleviate unemployment and create additional employment opportunities, specifically in their area, by attracting industries and encouraging development and redevelopment.

Who is the CEO of Carthage Industrial Development Corporation?

Bruce Armstrong is the Secretary/Tr of Carthage Industrial Development Corporation.

What is the revenue of Carthage Industrial Development Corporation?

Carthage Industrial Development Corporation's revenue in 2022 was $240,295.

Who are the executives of Carthage Industrial Development Corporation and what are their salaries?


Here are 9 key members and their salaries:


Bruce Armstrong (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Capone (Ex Officio D)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derek Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Mcilroy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Peck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Piche (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Smith (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Sullivan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Zembiec (Ex Officio D)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Carthage Industrial Development Corporation?

Carthage Industrial Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Carthage Industrial Development Corporation

The Carthage Industrial Development Corporation, abbreviated as CIDC, is an organization dedicated to promoting employment and economic growth in its community. Its mission is multifaceted, aiming to provide additional and maximum employment opportunities, maintain existing job positions, attract and promote industries in the area, and lessen the burden of government while acting in the public interest. By doing so, CIDC aims to alleviate unemployment and encourage development and redevelopment in the specific communities it serves, ultimately contributing to the betterment of the area as a whole.

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Impact




October, 2024

The Carthage Industrial Development Corporation significantly impacts the local economy by promoting employment and fostering economic growth in the Carthage, NY area. By actively attracting and supporting industry, the organization helps to create and maintain job opportunities, thereby alleviating unemployment and enhancing the community's overall economic vitality.

Its efforts are instrumental in encouraging development and redevelopment projects that benefit the area. By working to lessen the burden on government resources and acting in the public interest, the Corporation plays a vital role in ensuring that the local workforce is engaged and that businesses can thrive. In turn, this promotes a robust economic environment that supports community improvement and sustainability. Through these initiatives, the Carthage Industrial Development Corporation makes a lasting contribution to the prosperity of the region.




This information is meant to be a general summary of Carthage Industrial Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$240,295 (2022)
Expenses
$128,882 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,231
  • Program Service Revenue: $206,263
  • Gross Receipts: $240,295

Assets and Liabilities:

  • Total Assets: $4,188,152
  • Total Liabilities: $0
  • Net Assets: $4,188,152

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GROUND LEASE PAYMENTS

Revenue

$206,263

Organization Details

Founding Year

1998

Principal Officer

Bruce Armstrong

Main Address

414 STATE STREET, CARTHAGE, NY, 13619

NTEE Category

Code: S30 - Community improvement

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