Nonprofit · EIN 16-1463095
WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION
Tax-exempt · WATERTOWN, NY 13601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $960,290 | $654,498 | $305,792 | $2,543,165 | $199,769 | $2,343,396 |
| June 30, 2024 | 990 | $625,211 | $637,728 | -$12,517 | $2,377,879 | $340,275 | $2,037,604 |
| June 30, 2023 | 990 | $689,035 | $636,589 | $52,446 | $2,480,774 | $430,653 | $2,050,121 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $265,252
- of which government grants
- $265,252
- Program service revenue
- $532,229
- Investment income
- $0
- Other revenue
- $162,809
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $88,953
- Other salaries and wages
- $45,066
- Salaries, compensation and benefits (total)
- $167,979
- Professional fundraising fees
- $0
- Legal fees
- $5,289
- Accounting fees
- $8,595
- Occupancy
- $178,893
- Depreciation
- $160,560
- Program services (functional)
- $570,512
- Management and general (functional)
- $83,986
Balance sheet and other
- Total assets, start of year
- $2,377,879
- Total assets, end of year
- $2,543,165
- Total liabilities, end of year
- $199,769
- Net assets, end of year
- $2,343,396
- Land, buildings and equipment
- $2,179,583
- Net assets without donor restrictions
- $2,343,396
- Gross receipts
- $960,290
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1994
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BILLY SOLURI | DIRECTOR OF SITE FACILITIE Officer | 35 | $88,953 | $7,948 |
| MICHELLE CAPONE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| J PAUL MORGAN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MARK BELLINGER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT CANTWELL III | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DONALD RUTHERFORD | MEMBER Trustee or director | 2 | $0 | $0 |
| PAUL WARNECK | MEMBER Trustee or director | 2 | $0 | $0 |
| KYLEE MCGRATH | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BILLY SOLURI | DIRECTOR OF SITE FACILITIE Officer | 35 | $85,692 | $7,585 |
| MICHELLE CAPONE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| J PAUL MORGAN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MARK BELLINGER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT CANTWELL III | MEMBER Trustee or director, Officer | 2 | $0 | $0 |
| DONALD RUTHERFORD | PRESIDENT Trustee or director | 2 | $0 | $0 |
| PAUL WARNECK | MEMBER Trustee or director | 2 | $0 | $0 |
| KENT BURTO | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BILLY SOLURI | DIRECTOR OF SITE FACILITIE Officer | 35 | $80,958 | $7,511 |
| DONALD RUTHERFORD | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| J PAUL MORGAN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MARK BELLINGER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICHELLE CAPONE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT CANTWELL III | MEMBER Trustee or director | 2 | $0 | $0 |
| PAUL WARNECK | MEMBER Trustee or director | 2 | $0 | $0 |
| KENT BURTO | MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 STARBUCK AVENUE, WATERTOWN, NY 13601-1659
- In care of
- % JCJDC
- Principal officer (990 for 2024)
- MICHELLE CAPONE, 800 STARBUCK AVENUE, WATERTOWN, NY 13601
- Signed the 990
- MICHELLE CAPONE, PRESIDENT
- Phone
- (315) 782-9277
- Website
- WWW.WICLDC.COM
- Return prepared by
- BOWERS ADVISORS LLC
Mission
THE MISSION OF THE WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION IS TO FACILITATE JOB CREATION AND RETENTION IN THE COMMUNITY BY PROVIDING ELIGIBLE BUSINESSES WITH SUITABLE LEASED FACILITIES AT RENTS AND UNDER CONDITIONS THAT HELP THEM SUCCEED.
Program accomplishments
- RENTAL AND MAINTENANCE OF FACILITIES TO ELIGIBLE BUSINESSES IN NEED OF SPACE IN THE WATERTOWN, NY AREA.Expenses $570,512 · revenue $695,038
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1463095
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $2,543,165
- Income (IRS master file)
- $960,290
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $960,290 | $654,498 | $2,543,165 | XML |
| 990 | June 2024 | $625,211 | $637,728 | $2,377,879 | XML |
| 990 | June 2023 | $689,035 | $636,589 | $2,480,774 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 16-1463095).
Questions about WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION
- What is the EIN of WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION is 16-1463095.
- Is WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATERTOWN INDUSTRIAL CENTER LOCAL 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 WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names MICHELLE CAPONE.
- Who are the officers and directors of WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $88,953 (BILLY SOLURI, DIRECTOR OF SITE FACILITIE).
- How much revenue does WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $960,290, expenses of $654,498 and total assets of $2,543,165 at year end.
Other nonprofits in WATERTOWN
- JEFFERSON COUNTY LOCAL DEVELOPMENT CORPORATION EIN 37-1588512 · last filed 990 for 2025
- WATERTOWN LOCAL DEVELOPMENT CORPORATION EIN 16-1199439 · last filed 990 for 2025
- NORTH COUNTRY ALLIANCE LOCAL DEVELOPMENT CORPORATION EIN 22-2932295 · last filed 990 for 2025
- ITALIAN AMERICAN CIVIC ASSOCIATION INC EIN 15-0526154 · last filed 990 for 2025
- DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN EIN 88-1142488 · last filed 990 for 2024
- AMERICAN INDEPENDENT BUSINESS ALLIANCE EIN 47-1300665 · last filed 990-N for 2025
- MEDICAL SOCIETY OF JEFFERSON COUNTY EIN 22-2572845 · last filed 990-N for 2025
- NORTH COUNTRY HUMAN RESOURCES ASSOCIATION INC EIN 26-2083955 · last filed 990-N for 2025
All nonprofits in WATERTOWN · New York · Community improvement and capacity building