2024-06-03T15:47:56-05:00 2023-12-31 474526160 EFPR GROUP CPAS PLLC 100 SOUTH CLINTON AVE SUITE 1500 ROCHESTER NY 14604 990 2023-01-01 160955314 WAYNE ECONOMIC DEVELOPMENT CORPORATION WAYN 3159465917 9 PEARL STREET LYONS NY 14489 BRIAN PINCELLI EXECUTIVE DIRECTOR/CEO 3159465917 2024-06-03 1 BRIAN PINCELLI 999009999 1 CHRISTOPHER JOHNSTON P00896198 5854278900 2024-06-03 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z BRIAN PINCELLI 9 PEARL STREET LYONS NY 14489 1042464 0 X WWW.WEDCNY.COM X 1968 NY THE CORPORATION WAS FORMED TO LESSEN THE BURDENS OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST; TO FACILITATE ECONOMIC ACTIVITIES THROUGHOUT WAYNE COUNTY, NY INCLUDING THE LOCATION AND EXPANSION OF CIVIC, INDUSTRIAL AND COMMERCIAL FACILITIES, THE CREATION OF NEW AND IMPROVED JOB OPPORTUNITIES, THE REDUCTION OF UNEMPLOYMENT AND THE IMPROVEMENT OF THE WELL-BEING OF ITS COMMUNITIES AND RESIDENTS. 7 7 0 23 0 0 86200 40000 38890 41228 52068 69236 899751 892000 1076909 1042464 56494 103528 0 0 0 0 0 0 0 911914 893087 968408 996615 108501 45849 7486392 7532198 446043 446000 7040349 7086198 X THE CORPORATION WAS FORMED TO LESSEN THE BURDENS OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST; TO FACILITATE ECONOMIC ACTIVITIES THROUGHOUT WAYNE COUNTY, NY INCLUDING THE LOCATION AND EXPANSION OF CIVIC, INDUSTRIAL AND COMMERCIAL FACILITIES, THE CREATION OF NEW AND IMPROVED JOB OPPORTUNITIES, THE REDUCTION OF UNEMPLOYMENT AND THE IMPROVEMENT OF THE WELL-BEING OF ITS COMMUNITIES AND RESIDENTS. 0 0 985490 103528 1001880 TO FACILITATE ECONOMIC ACTIVITIES THROUGHOUT WAYNE COUNTY, NY INCLUDING THE LOCATION AND EXPANSION OF CIVIC, INDUSTRIAL AND COMMERCIAL FACILITIES, THE CREATION OF NEW AND IMPROVED JOB OPPORTUNITIES, THE REDUCTION OF UNEMPLOYMENT AND THE IMPROVEMENT OF THE WELL-BEING OF ITS COMMUNITIES AND RESIDENTS. 985490 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 13 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X JAMIE CORTEVILLE - FISCAL OFFICER 3159465917 9 PEARL STREET LYONS NY 14489 SCOTT JOHNSON CHAIRMAN 0.10 X X 0 0 0 PHILIP EYGNOR VICE CHAIRMAN 0.10 X X 0 0 0 KAYE STONE-GANSZ SECRETARY 0.10 X X 0 0 0 JULIE DILELLA TREASURER 0.10 X X 0 0 0 PAMELA HEALD BOARD MEMBER 0.10 X 0 0 0 AMANDA MCDONALD BOARD MEMBER 0.10 X 0 0 0 KENNETH VANFLEET BOARD MEMBER 0.10 X 0 0 0 BRIAN PINCELLI EXECUTIVE DIRECTOR/CEO 0.20 40.00 X 0 128637 7650 JAMIE CORTEVILLE FISCAL OFFICER/CFO 0.20 40.00 X 0 71434 16981 KATHLEEN BRONSON DEPUTY DIRECTOR/COO 0.20 40.00 X 0 89348 28392 0 289419 53023 0 0 0 0 0 40000 40000 AGENCY FEE INCOME 900099 33973 33973 COUNTY CONTRACTUAL INC 900099 7141 7141 OTHER INCOME 900099 114 114 41228 69236 68652 584 892000 0 892000 892000 892000 1042464 1001880 0 584 93521 93521 10007 10007 2974 2974 4700 4700 65 65 33774 33774 2476 2476 CAPITAL REPAIR EXPENSES 802800 802800 REPAIRS AND MAINTENANCE 23750 23750 BAD DEBT & COLLECTION C 21638 21638 SPONSORSHIP 910 910 996615 985490 11125 0 852009 868956 2284754 1630528 0 15000 1615437 2314699 402044 402010 2715418 420540 2328652 2294878 3496 6127 7486392 7532198 43 0 446000 446000 446043 446000 X 7040349 7086198 7040349 7086198 7486392 7532198 45849 0 X X 0 1 X 1 0 X X X 1 WAYNE COUNTY INDUSTRIAL DEVELOPMENT AGENCY 521297494 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1655540 1655540 950000 393571 556429 10388 10388 0 99490 16581 82909 2294878 X 1042464 0 1042464 0 1042464 996615 0 996615 0 996615 PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM INCOME TAX UNDER IRC 501(C)(3) AND NEW YORK STATE ARTICLE 14 AS A LOCAL DEVELOPMENT CORPORATION. ACCORDINGLY, NO PROVISION FOR TAXES HAS BEEN MADE. IN ACCORDANCE WITH ASC 740-10-50, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE CORPORATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT THE CORPORATION IS CURRENTLY OPERATING IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THEREFORE, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS HAS BEEN INCLUDED ON THE CORPORATION'S FINANCIAL STATEMENTS. 1 MAINTENANCE MIKE HANDYMAN SERVICE 55 SPENCER ST LYONS NY 14489 883371725 20000 0 KICK START WAYNE COUNTY GRANT: ADULT BUSINESS STARTUP PITCH COMPETITION WINNER (1ST PLACE) ELI MEXICAN RESTAURANT 31 MOBILE DR NEWARK NY 14513 883391181 20000 0 MICROBURST GRANT LITTLE MINDS LEARNING LLC 138 E MAIN ST PALMYRA NY 14522 920816262 20000 0 MICROBURST GRANT SODUS BINS & SLATS PO BOX 62 WILLIAMSON NY 14589 863518084 17322 0 MICROBURST GRANT 0 4 MICROBURST GRANTS PROGRAM 1 4007 KICK START WAYNE COUNTY GRANT: STUDENT BUSINESS STARTUP PITCH COMPETITION 12 6000 PART I, LINE 2: KICK START WAYNE COUNTY GRANT: ADULT BUSINESS STARTUP PITCH COMPETITION SUMMARY OF GRANT PROCEDURE: STARTUP BUSINESSES SUBMIT A BUSINESS PITCH PLAN TO WEDC ALONG WITH NECESSARY FINANCIALS. PANEL OF JUDGES SELECT TOP FINALISTS. FINALISTS PRESENT LIVE AND 1ST PLACE AND 2ND PLACE WINNERS ARE CHOSEN. IN 2023, WEDC INVESTED $20,000, WHICH WAS THE FUNDING USED FOR THE 1ST PLACE GRANT PRIZE; 1ST PLACE $20,000. (THERE WAS A 2ND PLACE WINNER CHOSEN FOR $5,000; HOWEVER, THEY DECIDED NOT TO ACCEPT THE FUNDING BECAUSE OF THE GRANT TERMS THAT THE BUSINESS MUST STAY WITHIN THE COUNTY FOR 3 YEARS.) GRANT DISBURSEMENT AGREEMENTS ARE SIGNED BY THE AWARD WINNER(S) AND WEDC. DURING THE TIME PERIOD IMMEDIATELY FOLLOWING THE AWARD THROUGH THE FOLLOWING FISCAL YEAR, THE GRANT RECIPIENTS ARE TO SUBMIT PROOF OF ELIGIBLE USES FOR THIS GRANT FUNDING. THE RECEIPTS ARE REVIEWED INTERNALLY BY MULTIPLE STAFF FOR COMPLIANCE AND ACCURACY. MICROBURST GRANT PROGRAM: SUMMARY OF GRANT PROCEDURE: $200,000 WAS AWARDED BY CDBG FOR MICROBURST GRANT PROGRAM. APPROVED APPLICANTS ARE ELIGIBLE FOR UP TO $20,000 REIMBURSABLE GRANT FUNDING FOR PROJECT COSTS. 1 LOW TO MODERATE INCOME FTE (OR THROUGH BUSINESS OWNER QUALIFICATION) MUST BE CREATED IN CONNECTION WITH THIS FUNDING. FUNDING IS REIMBURSABLE, SO COMPANY SUBMITS PROOF OF ELIGIBLE PAYMENTS, REIMBURSEMENT REQUESTS ARE REVIEWED BY MULTIPLE STAFF AND IS THEN REIMBURSED ACCORDINGLY. KICK START WAYNE COUNTY GRANT: STUDENT BUSINESS STARTUP PITCH COMPETITION SUMMARY OF GRANT PROCEDURE: STUDENTS IN GRADES 9-12 SUBMIT A BUSINESS PITCH VIDEO TO WEDC ALONG WITH NECESSARY FINANCIALS AND BUSINESS PLAN DOCUMENTS. PANEL OF JUDGES SELECT WINNERS; 1ST PLACE 2ND PLACE, 3RD PLACE AND 4TH PLACE WINNERS ARE CHOSEN, ALONG WITH A SCHOOL DISTRICT AWARD FOR MOST APPLICATIONS SUBMITTED. IN 2023, WEDC INVESTED $6,000, WHICH WAS THE FUNDING USED FOR THIS GRANT DISBURSEMENT. GRANT DISBURSEMENT AGREEMENTS ARE SIGNED BY THE AWARD WINNERS AND WEDC AND FUNDING IS DISBURSED. AWARD RECIPIENTS PROVIDE A LETTER ON USE OF FUNDS WITHIN 6 MONTHS FROM FUNDING DATE AND STAFF REVIEWS THE LETTERS. FORM 990, PART VI, SECTION B, LINE 11B FINANCIAL INFORMATION IS REVIEWED BY THE CORPORATION'S AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AND THEN BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS CONSISTENTLY AND REGULARLY MONITORED AND ENFORCED THROUGH THE ACTIVITIES OF THE CORPORATION'S COMPLIANCE OFFICER. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 2C: NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS FROM THE PRIOR YEAR. WAYNE COUNTY INDUSTRIAL DEVELOPMENT AGENCY 9 PEARL STREET LYONS NY 14489 521297494 TO ADVANCE THE JOB OPP, HEALTH, GENERAL PROPENSITY & ECONOMIC WELFARE. NY PUBLIC BENEFIT CORPO 0 WAYNE COUNTY NEW YORK 26 CHURCH STREET LYONS NY 14489 156000470 GOVERNMENT NY PUBLIC BENEFIT CORPO 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 WAYNE COUNTY O 342442 ACTUAL WAYNE COUNTY C 40000 ACTUAL