ADVANCE ALBANY COUNTY ALLIANCE LOCAL DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

ADVANCE ALBANY COUNTY ALLIANCE LOCAL DEVELOPMENT CORPORATION

EIN 85-4222366 · Alliances & Advocacy - Employment (J01)

What they do

THE EXEMPT PURPOSE for WHICH THE CORPORATION is FORMED is to RELIEVE and REDUCE UNEMPLOYMENT IN ALBANY COUNTY, PROMOTE and PROVIDE for ADDITIONAL and MAXIMUM ADULT EMPLOYMENT IN THE COUNTY BETTER and MAINTAIN ADULT JOB OPPORTUNITIES IN THE COUNTY, CARRY ON SCIENTIFIC RESEARCH for THE PURPOSE of AIDING THE COUNTY BY ATTRACTING NEW INDUSTRY or BY ENCOURAGING THE DEVELOPMENT or RETENTION of INDUSTRY IN THE COUNTY, LESSEN THE BURDENS of GOVERNMENT and ACT IN THE PUBLIC INTEREST.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.40 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 leaders12 people are listed in the latest report.

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

Money made simple

52.92%of revenue went to mission work92.4% of expenses · Program services

$57.29spent for every $100 of revenueRevenue covered expenses this year.

4.37%of revenue went to management and office costs7.6% of expenses

$4.01in assets for every $1 spent this yearSome assets cannot be spent right away.

54.7%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.

Pay context: The highest compensation shown in this filing is $152,380 for KEVIN CATALANO (SR VICE PRESIDENT / DIR. C). Compare pay with organizations of similar size and complexity.

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$2,660,827

Mission workProgram services$1,408,05152.92% of revenue92.4% of expenses

ManagementOffice and general costs$116,2304.37% of revenue7.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,136,54642.71% of revenueShown in gray on the chart

Total expenses$1,524,28157.29% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 92.4% mission · 7.6% management · 0.0% fundraisingTotal expenses: 57.29% of revenue

2023Expense mix: 91.9% mission · 8.1% management · 0.0% fundraisingTotal expenses: 81.03% of revenue

2022Expense mix: 93.4% mission · 6.6% management · 0.0% fundraisingTotal expenses: 64.83% of revenue

2021Expense mix: 97.6% mission · 2.4% management · 0.0% fundraisingTotal expenses: 632.05% of revenue

Money in and money out

Revenue$2,660,827

Expenses$1,524,281

Annual surplus $1,136,546 Revenue was higher than expenses 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)$1,408,051 · 92.4% of expenses

Management and office costs$116,230 · 7.6% of expenses

See all reported dollar amounts

Revenue$2,660,827

Expenses$1,524,281

Assets$6,115,682

Income$2,660,827

Contributions$1,455,669

Mission work (program services)$1,408,051

Grants given$500,000

Average grant$500,000

Management and general$116,230

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

KEVIN CATALANOSR VICE PRESIDENT / DIR. C · 38 hrs/week $152,380Base $115,052 · Other $37,328

AMY THOMPSONCFO · 38 hrs/week $125,976Base $101,921 · Other $24,055

KEVIN OCONNORCEO · 1 hrs/week $57,453Base $54,389 · Other $3,064

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

KEVIN CATALANOSR VICE PRESIDENT / DIR. C

AMY THOMPSONCFO

KEVIN OCONNORCEO

ALAN ALEXANDERTREASURER

ALAN GOLDBERGCHAIRMAN

DAN MCCOYEX-OFFICIO

HELEN BROOKSMEMBER

JOANNE CUNNINGHAMEX-OFFICIO

LAURA ZELLGERMEMBER

MICHAEL CASSIDYMEMBER

MICHAEL CINQUANTIMEMBER

RICHARD ROSENOFFICER

About this charity

Recognized since: January 2021
Location: 111 WASHINGTON AVE, ALBANY, NY 12210-2214
County: Albany
In care of: KEVIN O'CONNOR
Primary officer: KEVIN OCONNOR, CEO

How to reach them

Phone(518) 447-5602 Officer phone(518) 852-2209

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BONADIO & CO LLP
NTEE classification: Alliances & Advocacy - Employment (J01)
IRS tax category: Alliances & Advocacy - Employment
Grant-giving organization: Yes