SOUTHERN TIER ECONOMIC GROWTH INC Charity Report

Public IRS 990 nonprofit record

SOUTHERN TIER ECONOMIC GROWTH INC

EIN 16-6050285 · Homeowners & Tenants Associations (L50)

What they do

SOUTHERN TIER ECONOMIC GROWTH, INC. is ORGANIZED to SUPPORT REGIONAL ECONOMIC DEVELOPMENT BY PROMOTION of THE SOUTHERN TIER of NEW YORK STATE, and to PROVIDE FINANCIAL AID and ASSISTANCE to NEW and EXISTING BUSINESSES. THE ORGANIZATION is FUNDED BY LOCAL BUSINESS SUPPORT, STATE and LOCAL MUNICIPAL SUPPORT, and INVESTMENT INCOME.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $73.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders80 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

143.63%of revenue went to mission work73.6% of expenses · Program services

8.26%of revenue went to fundraising4.2% of expenses

$195.14spent for every $100 of revenueSpending was higher than revenue this year.

43.25%of revenue went to management and office costs22.2% of expenses

$3.33in assets for every $1 spent this yearSome assets cannot be spent right away.

8.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $279,077 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$293,322

Mission workProgram services$421,296143.63% of revenue73.6% of expenses

ManagementOffice and general costs$126,86943.25% of revenue22.2% of expenses

FundraisingAsking for donations$24,2348.26% of revenue4.2% of expenses

Total expenses$572,399195.14% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 73.6% mission · 22.2% management · 4.2% fundraisingTotal expenses: 195.14% of revenue

2023Expense mix: 73.7% mission · 22.0% management · 4.3% fundraisingTotal expenses: 166.67% of revenue

2022Expense mix: 71.9% mission · 21.7% management · 6.4% fundraisingTotal expenses: 107.73% of revenue

2021Expense mix: 67.8% mission · 7.0% management · 25.2% fundraisingTotal expenses: 52.40% of revenue

2020Expense mix: 83.0% mission · 14.3% management · 2.8% fundraisingTotal expenses: 142.83% of revenue

2019Expense mix: 80.3% mission · 16.5% management · 3.2% fundraisingTotal expenses: 183.37% of revenue

2018Expense mix: 81.7% mission · 15.3% management · 3.0% fundraisingTotal expenses: 132.76% of revenue

2017Expense mix: 84.0% mission · 13.4% management · 2.6% fundraisingTotal expenses: 96.09% of revenue

Money in and money out

Revenue$293,322

Expenses$572,399

Annual shortfall $279,077 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$421,296 · 73.6% of expenses

Management and office costs$126,869 · 22.2% of expenses

Fundraising$24,234 · 4.2% of expenses

See all reported dollar amounts

Revenue$293,322

Expenses$572,399

Assets$1,904,527

Income$301,797

Contributions$23,748

Mission work (program services)$421,296

Fundraising$24,234

Management and general$126,869

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (80)

JOSHUA DAHLMANDIRECTOR

MARC STEMERMANDIRECTOR

LIZ FENNELL EVERETTDIRECTOR

LISA CARACCIDIRECTOR

LINDSAY MILLSDIRECTOR

LEE GIAMMICHELEEX-OFFICIO

KYLE J FERGUSONDIRECTOR

KIRK M VIESELMEYERDIRECTOR

KATHLEEN SZERSZENDIRECTOR

KATHERINE H ROEHLKEDIRECTOR

MARK MARGESONDIRECTOR

JOSHUA COPPDIRECTOR

JOSH PALMERDIRECTOR

JOSEPH M VALICENTIDIRECTOR

JOSEPH ROMANPRESIDENT

JONATHAN LAWRENCEDIRECTOR

JOHN S BOOTH IIIDIRECTOR

JOHN P POTTERDIRECTOR

JOHN H MEIERDIRECTOR

JOHN F POTTERDIRECTOR EMERITUS

RICHARD W SWANDIRECTOR EMERITUS

TROY DYGERTDIRECTOR

THOMAS J PISANODIRECTOR

THOMAS GOUGHDIRECTOR

STEVEN E AGAN ESQSECRETARY

STEPHEN WELLIVERDIRECTOR

STEPHANIE RISLEYDIRECTOR

STACY SAGLIBENEDIRECTOR

SCOTT M COOKDIRECTOR

SCOTT H BEECHERDIRECTOR

JESSICA COX2ND VICE CHAIRMAN

PHYLLIS BALLIETTDIRECTOR

PETER C WALLINDIRECTOR

PATRICK S BONNELL JRDIRECTOR

P MICHAEL COLLINSEX-OFFICIO

NATHAN PIZZINIDIRECTOR

MICHAEL J MANZARIDIRECTOR

MICHAEL MISHOOKDIRECTOR

MICHAEL MALONEYDIRECTOR

MATTHEW GREENTREASURER

CHRISTOPHER J MOSSDIRECTOR

DEAN C HACKETTDIRECTOR

DAWN BURLEWDIRECTOR

DANIEL P PANOSIANDIRECTOR

DANIEL P OCONNELLDIRECTOR EMERITUS

DANIEL J MANDELL JRDIRECTOR

DANIEL J BURKEDIRECTOR EMERITUS

DANIEL F DIMON JRDIRECTOR

D TAVIS MCKEONDIRECTOR

COLTON HILLMANDIRECTOR

DONALD G QUICK JRDIRECTOR EMERITUS

CHRISTOPHER J GIAMMICHELEASSISTANT TREASURER

CHRISTOPHER SILVERSDIRECTOR

CHRISTOPHER PETRILLOSEDIRECTOR

CHRISTIAN A PASTODIRECTOR

CHARLES W LINDSAY PHDDIRECTOR

CHARLES BURKEDIRECTOR

CAROL A MILLERDIRECTOR

ARTHUR D AMBROSEASSISTANT SECRETARY

ARIE J VAN DEN BLINKCHAIRMAN

GEORGE E MALONEYDIRECTOR

JERALD M STEMERMANDIRECTOR EMERITUS

JENNIFER HERRICK-MCGONIGALDIRECTOR

JEFFREY P KENEFICKDIRECTOR

JEFFREY B STREETERIMMEDIATE PAST CHAIRMAN

JEFF EVANSDIRECTOR

JAY PARMENTERDIRECTOR

JAMES B GENSELDIRECTOR

IAN MORRELLDIRECTOR

HILLARY J AUSTINDIRECTOR

ANGELA HAWKENDIRECTOR

GEORGE RICHTERDIRECTOR

GARY A GRINNELLDIRECTOR

FRANK STEEDDIRECTOR

ERNIE HARTMANDIRECTOR

ELISE JOHNSON-SCHMIDTDIRECTOR

EDWARD HOLZLEINDIRECTOR

DR WILLIAM MULLANEYDIRECTOR

DR RICHARD TERRY DO MBA FACOBPDIRECTOR

DR MILLICENT K RUFFINDIRECTOR

About this charity

Recognized since: January 1936
Location: 400 E CHURCH STREET, ELMIRA, NY 14901-2834
County: Chemung
In care of: JOSEPH ROMAN
Primary officer: JOSEPH ROMAN, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(607) 733-6513

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: EFPR ADVISORY LLC
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations