Structured Employment Economic Development Corporation in New York, New York (NY)

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Structured Employment Economic Development Corporation
Employer Identification Number (EIN)132875743
Name of OrganizationStructured Employment Economic Development Corporation
In Care of NameJohn Emmert Cfo
Address915 Broadway Fl 17, New York, NY 10010-7116
ActivitiesJob training, counseling, or assistance, Rehabilitating convicts or ex convicts
SubsectionCharitable Organization
Ruling Date01/1977
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$13,954,141
Amount of Income$36,186,581
Form 990 Revenue Amount$36,076,007
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2011: $36,186,581
Structured Employment Economic Development Corporation: 

 $36,186,581
Other organizations performing similar types of work: 

 $152,071

Assets in 2011: $13,954,141
This organization: 

 $13,954,141
Other organizations performing similar types of work: 

 $145,197

Expenses in 2002: $20,763,986
This organization: 

 $20,763,986
Other organizations performing similar types of work: 

 $664,768

Income to expenses ratio in 2002: 1.3
This organization: 

 1.3
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2002: 93.0%
Structured Employment Economic Development Corporation: 

 93.0%
Other organizations performing similar types of work: 

 62.9%

Number of employees in 2002: 55
This organization: 

 55
Other organizations performing similar types of work: 

 8

Employees paid over $50,000 in 2002: 41.8%
Structured Employment Economic Development Corporation: 

 41.8%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2002: 71.3%
This organization: 

 71.3%
Other organizations performing similar types of work: 

 71.3%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2002
Total revenue$26,628,597
Contributions, gifts, grants, and similar amounts received$18,980,825
Contributions to donor advised funds
Direct public support$7,934,712
Indirect public support$10,261,113
Government contributions (grants)$785,000
Program service revenue including government fees and contracts$6,833,751
Membership dues and assessments$0
Interest on savings and temporary cash investments$728,017
Dividends and interest from securities$10,520
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$0
Gross amount from sales of assets other than inventory$0
Less: cost or other basis and sales expenses$0
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$75,484
Total expenses$20,763,986
Program services$19,300,160
Management and general$1,463,826
Fundraising$0
Payments to affiliates$0
Net assets or fund balances at end of year$15,175,787
Excess or (deficit) for the year$5,864,611
Net assets or fund balances at beginning of year$9,935,879
Other changes in net assets or fund balances$-624,703
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$20,763,986$19,300,160$1,463,826$0
Grants paid from donor advised funds
Other grants and allocations$7,104,417
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$829,019$756,320$72,699$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$6,866,630$6,264,476$602,154$0
Pension plan contributions not included above$168,425$101,635$66,790$0
Employee benefits not included above$551,698$512,994$38,704$0
Payroll taxes$646,986$617,193$29,793$0
Professional fundraising fees$0$0$0$0
Accounting fees$66,083$59,158$6,925$0
Legal fees$16,890$4,289$12,601$0
Supplies$121,786$104,025$17,761$0
Telephone$100,423$82,748$17,675$0
Postage and shipping$0$0$0$0
Occupancy$450,507$374,195$76,312$0
Equipment rental and maintenance$171,268$139,784$31,484$0
Printing and publications$192,363$147,295$45,068$0
Travel$354,379$319,179$35,200$0
Conferences, conventions, and meetings$39,007$39,007$0$0
Interest$215,704$215,704$0$0
Depreciation, depletion, etc.$176,623$5,346$171,277$0
Other expenses not covered above$2,691,778$2,452,395$239,383$0
Balance Sheets
2002
Total assets$32,495,187
Cash - non-interest-bearing$207,676
Savings and temporary cash investments$18,180,693
Accounts receivable less allowance for doubtful accounts$1,054,770
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$779,867
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$10,654,119
Inventories for sale or use$0
Prepaid expenses and deferred charges$10,617
Investments - publicly-traded securities
Investments - other securities$0
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$704,518
Other assets, including program-related investments$902,927
Total liabilities$17,319,400
Accounts payable and accrued expenses$740,308
Grants payable$3,070,889
Deferred revenue$0
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$13,508,203
Other liabilities$0
Total liabilities and net assets/fund balances$32,495,187
Total net assets or fund balances$15,175,787
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2002
Total revenue$26,628,597
Total revenue, gains, and other support per audited financial statements$26,556,752
Other expenses$-71,845
Net unrealized gains on investments$-71,845
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2002
Total expenses$20,763,986
Total expenses and losses per audited financial statements$20,763,986
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200655
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$738,537$6,909,235
Program service revenue
Program service revenue 1000000$000$0$5,483,677
Program service revenue 2000000$000$0$22,550
Program service revenue 3000000$000$0$79,280
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$1,248,244
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$728,017$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$10,520$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$75,484
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
061582605100%$5,483,677$949,822
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$89,025$8,902$0
$88,575$8,858$0
$82,985$8,299$0
$76,426$7,643$0
$75,920$7,592$0
Total number of other employees paid over $50,00018
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
2001
Total$9,762,909
Gifts, grants, and contributions received$8,894,777
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$867,655
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$477
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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7Renaissance Economic Development Corporation111 Division St, New York, NY 10002-6103NY1998-03$1,635,604
8East Harlem Business Capital Corporation357 E 116th St Fl 3, New York, NY 10029-1543NY1999-01$777,876
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24Carthage Industrial Development Corporation120 South Mechanic Street, Carthage, NY 13619-1627NY1999-09$550,232
25Hub-Third Ave Merchants District Management Association Inc384 E 149th St Ste 400, Bronx, NY 10455-3908NY1999-12$462,323
26Jamestown Renaissance Corporation119-21 West Third Street, Jamestown, NY 14701NY2007-09$448,856
27Adirondack Economic Development Corp67 Main St Ste 300, Saranac Lake, NY 12983-5747NY1996-07$352,172
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29Monroe County Development Corporation50 W Main St Ste 8100, Rochester, NY 14614-1293NY2004-10$261,051
30Rice Building Inc210 River St, Troy, NY 12180-3810NY1998-10$259,711
Number of organizations performing similar types of work
Alaska21
Alabama54
Arkansas25
Arizona31
California261
Colorado37
Connecticut34
District of Columbia26
Delaware6
Florida103
Georgia58
Hawaii25
Iowa53
Idaho11
Illinois91
Indiana71
Kansas41
Kentucky44
Louisiana61
Massachusetts41
Maryland40
Maine25
Michigan84
Minnesota44
Missouri82
Mississippi33
Montana31
North Carolina116
North Dakota10
Nebraska29
New Hampshire22
New Jersey49
New Mexico37
Nevada13
New York189
Ohio130
Oklahoma36
Oregon40
Pennsylvania158
Rhode Island5
South Carolina55
South Dakota31
Tennessee49
Texas152
Utah16
Virginia56
Vermont15
Washington43
Wisconsin56
West Virginia33
Wyoming15
International9
Total2,797

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