Overview
What is Advance Albany County Alliance Local Development Corporation?
Advance Albany County Alliance Local Development Corporation is a nonprofit organization based in Albany, New York, specifically located at 111 Washington Avenue. Their primary mission is to alleviate and reduce unemployment in Albany County, promote additional and optimal employment opportunities for adults, and maintain existing job prospects in the area. They also engage in scientific research to attract new industries or encourage the development and retention of existing ones within the county. Furthermore, their activities aim to lessen governmental burdens and act in the public interest. Their focus is on distributing grants to qualifying small businesses in Albany County to stimulate economic growth and job creation. The organization has a team of two dedicated employees working towards achieving these objectives.
Is Advance Albany County Alliance Local Development Corporation legitimate?
Advance Albany County Alliance Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advance Albany County Alliance Local 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: $115,788
Professional Fundraising Fees: $0
Other Salaries and Wages: $92,460
For more financial information, click here
What is the mission statement of Advance Albany County Alliance Local Development Corporation?
The Advance Albany County Alliance Local Development Corporation was established with a mission to alleviate unemployment and enhance employment opportunities in Albany County. Their objective is to promote and facilitate the creation of additional job opportunities for adults, thereby maintaining a robust job market in the county. The corporation also conducts scientific research to attract new industries or stimulate the development and retention of existing ones within the county. This initiative is aimed at lessening the burden on government and acting in the public interest.
Who is the CEO of Advance Albany County Alliance Local Development Corporation?
Kevin O'Connor is the Chairman of Advance Albany County Alliance Local Development Corporation. The CEO's salary of Advance Albany County Alliance Local Development Corporation is $0 and their total compensation is $0.
What is the revenue of Advance Albany County Alliance Local Development Corporation?
Advance Albany County Alliance Local Development Corporation's revenue in 2022 was $731,609.
Who are the executives of Advance Albany County Alliance Local Development Corporation and what are their salaries?
The average compensation at Advance Albany County Alliance Local Development Corporation during 2022 was $104,124. There are 2 employees at Advance Albany County Alliance Local Development Corporation.
Here are 11 key members and their salaries (Advance Albany County Alliance Local Development Corporation's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $103,314
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- Other: $12,474
Where can I find the form 990 for Advance Albany County Alliance Local Development Corporation?
Advance Albany County Alliance Local Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Advance Albany County Alliance Local Development Corporation
Advance Albany County Alliance Local Development Corporation is established with a mission to alleviate and minimize unemployment within Albany County. The organization strives to promote and ensure the availability of additional and maximum job opportunities for adults within the county. Its aim is also to maintain existing job opportunities, thereby contributing to a better employment situation. Apart from addressing employment issues, Advance Albany County Alliance Local Development Corporation carries out scientific research to attract new industries to the county or encourage the development and retention of existing ones. By doing so, they aim to lessen the burden on government and act in the public interest. In essence, the corporation's mission is to foster employment growth, stimulate industry development, and contribute positively to the community.
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Impact
July, 2024
The Advance Albany County Alliance Local Development Corporation has made a significant impact by distributing grants to qualifying small businesses in Albany County. This support has directly contributed to relieving and reducing unemployment in the county, promoting additional adult employment opportunities, and encouraging the development and retention of industry. Through their activities, this organization is actively working to lessen the burdens on government and act in the public interest. Their focus on supporting small businesses has a direct, positive impact on the economy and job opportunities in Albany County.
This information is meant to be a general summary of Advance Albany County Alliance Local 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $200,657
- Gross Receipts: $731,609
Assets and Liabilities:
- Total Assets: $1,041,855
- Total Liabilities: $433,533
- Net Assets: $608,322
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AGENCY FEES
Revenue
$200,657
Organization Details
Founding Year
2020
Phone
(518) 852-2209Principal Officer
Kevin O'Connor
Main Address
111 WASHINGTON AVENUE, ALBANY, NY, 12210
NTEE Category
Code: J01 - Employment
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