Nonprofit · EIN 16-1159198
SYRACUSE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · SYRACUSE, NY 13202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $214,549 | $983,495 | -$768,946 | $16,130,760 | $1,194,107 | $14,936,653 |
| December 31, 2024 | 990 | $1,463,585 | $185,414 | $1,278,171 | $16,778,081 | $1,072,482 | $15,705,599 |
| December 31, 2023 | 990 | $2,139,272 | $1,074,749 | $1,064,523 | $16,382,909 | $1,955,481 | $14,427,428 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $8,482
- of which government grants
- $8,482
- Program service revenue
- $173,896
- Investment income
- $32,171
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $7,510
- Other salaries and wages
- $343,371
- Salaries, compensation and benefits (total)
- $343,371
- Professional fundraising fees
- $0
- Accounting fees
- $32,840
- Program services (functional)
- $924,038
- Management and general (functional)
- $59,457
Balance sheet and other
- Total assets, start of year
- $16,778,081
- Total assets, end of year
- $16,130,760
- Total liabilities, end of year
- $1,194,107
- Net assets, end of year
- $14,936,653
- Gross receipts
- $214,549
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1979
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHEENA SOLOMON | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANDREW FISH | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| CALVIN CORRIDORS JR | MEMBER Trustee or director | 1 | $0 |
| STEVE GROSS | DIRECTOR Trustee or director | 1 | $0 |
| MARK BARBEE | MEMBER Trustee or director | 1 | $0 |
| RITA PANIAGUA | MEMBER Trustee or director | 1 | $0 |
| PATRICK LANNON | MEMBER Trustee or director | 1 | $0 |
| KAROLINA MARCINKOWSKI | MEMBER Trustee or director | 1 | $0 |
| ERIC ENNIS | PRESIDENT Officer | 5 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHEENA SOLOMON | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANDREW FISH | MEMBER Trustee or director | 1 | $0 |
| ASHANTI DICKERSON | DIRECTOR Trustee or director | 1 | $0 |
| CALVIN CORRIDORS JR | MEMBER Trustee or director | 1 | $0 |
| STEVE GROSS | DIRECTOR Trustee or director | 1 | $0 |
| MARK BARBEE | MEMBER Trustee or director | 1 | $0 |
| RITA PANIAGUA | MEMBER Trustee or director | 1 | $0 |
| PATRICK LANNON | MEMBER Trustee or director | 1 | $0 |
| KAROLINA MARCINKOWSKI | MEMBER Trustee or director | 1 | $0 |
| ERIC ENNIS | EXECUTIVE DIRECTOR Officer | 20 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC ENNIS | EXECUTIVE DIRECTOR Officer | 20 | $0 |
| SHEENA SOLOMON | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANDREW FISH | MEMBER Trustee or director | 1 | $0 |
| ASHANTI DICKERSON | DIRECTOR Trustee or director | 1 | $0 |
| CALVIN CORRIDORS JR | MEMBER Trustee or director | 1 | $0 |
| STEVE GROSS | DIRECTOR Trustee or director | 1 | $0 |
| MARK BARBEE | MEMBER Trustee or director | 1 | $0 |
| RITA PANIAGUA | MEMBER Trustee or director | 1 | $0 |
| PATRICK LANNON | MEMBER Trustee or director | 1 | $0 |
| KAROLINA MARCINKOWSKI | MEMBER Trustee or director | 1 | $0 |
| RICHARD DRISCOLL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 300 S STATE ST STE 700, SYRACUSE, NY 13202-2036
- Principal officer (990 for 2025)
- ERIC ENNIS, 300 SOUTH STATE STREET STE 700, SYRACUSE, NY 13202
- Signed the 990
- ERIC ENNIS, PRESIDENT
- Phone
- (315) 448-8100
- Website
- WWW.SYRGOV.NET
- Return prepared by
- GROSSMAN ST AMOUR CPAS PLLC
Mission
THE GOAL OF THE SYRACUSE ECONOMIC DEVELOPMENT CORPORATION (SEDCO) IS TO PROVIDE TECHNICAL AND FINANCIAL ASSISTANCE TO BUSINESSES AND OTHER LOCAL ECONOMIC DEVELOPMENT ENTITIES THAT OPERATE IN THE CITY OF SYRACUSE, NEW YORK AS A MEANS OF SUPPORTING BUSINESS EXPANSION AND JOB CREATION.
Program accomplishments
- PROVIDED FINANCING FOR PUBLIC/PRIVATE DEVELOPMENT PROJECTS IN THE CITY OF SYRACUSE, NEW YORK. PROGRAM SERVICE REVENUE OF $206,067 REPRESENTS INTEREST INCOME FROM THE FINANCING PROVIDED OF $173,896 AND $32,171 OF INTEREST EARNED FROM BANKS.Expenses $924,038 · grants $7,510 · revenue $206,067
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1159198
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $16,130,760
- Income (IRS master file)
- $214,549
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $214,549 | $983,495 | $16,130,760 | IRS |
| 990 | December 2024 | $1,463,585 | $185,414 | $16,778,081 | XML |
| 990 | December 2023 | $2,139,272 | $1,074,749 | $16,382,909 | XML |
| 990 | December 2022 | $2,875,453 | $185,252 | $17,091,252 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1159198).
Questions about SYRACUSE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of SYRACUSE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SYRACUSE ECONOMIC DEVELOPMENT CORPORATION is 16-1159198.
- Is SYRACUSE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to SYRACUSE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SYRACUSE ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SYRACUSE ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SYRACUSE ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SYRACUSE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names ERIC ENNIS.
- Who are the officers and directors of SYRACUSE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does SYRACUSE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $214,549, expenses of $983,495 and total assets of $16,130,760 at year end.
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All nonprofits in SYRACUSE · New York · Community improvement and capacity building