Southern Tier Regional Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 532,077 | 16,860 | 515,217 | 340.0 | 0% |
| 2013 | 3,692,251 | 1,096,285 | 2,595,966 | 33.6 | 10% |
| 2014 | 3,976,814 | 550,472 | 3,426,342 | 141.7 | 25% |
| 2015 | 2,303,948 | 503,332 | 1,800,616 | 197.9 | 20% |
| 2016 | 3,638,290 | 691,902 | 2,946,388 | 195.1 | 4% |
| 2017 | 2,443,682 | 618,779 | 1,824,903 | 253.5 | 0% |
| 2018 | 1,304,405 | 728,311 | 576,094 | 224.9 | 0% |
| 2019 | 484,182 | 229,201 | 254,981 | 703.0 | 0% |
| 2020 | 360,862 | 75,473 | 285,389 | 2180.3 | 0% |
| 2021 | 875,788 | 392,785 | 483,003 | 433.7 | 0% |
| 2022 | 173,909 | −21,418 | 195,327 | -8063.0 | 0% |
| 2023 | 894,303 | 900,437 | −6,134 | 191.7 | 0% |
In its most recent public year (2023), this organization spent $6,134 more than it brought in. Its reserves stood at about 191.7 months of spending, down from 340 in 2012. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Southern Tier Regional Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works