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Nonprofit · EIN 82-2369976

CEG OF THE CAPITAL REGION INC

Tax-exempt · ALBANY, NY 12205

Financials

$1.9M$1.3M2023$1.6M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of CEG OF THE CAPITAL REGION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,632,816$1,162,689$470,127$1,508,050$693,043$815,007
December 31, 2023990$1,912,753$1,344,672$568,081$1,365,323$1,045,360$319,963
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,278,854
Membership dues
$1,092,777
Program service revenue
$305,387
Investment income
$48,575
Net gain from sales of assets
$1,940
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$50
Travel
$1,978
Depreciation
$558

Balance sheet and other

Total assets, start of year
$1,365,323
Total assets, end of year
$1,508,050
Total liabilities, end of year
$693,043
Net assets, end of year
$815,007
Land, buildings and equipment
$419
Publicly traded securities
$921,334
Net assets without donor restrictions
$815,007
Gross receipts
$1,646,501
Employees
0
Volunteers
0
Year formed
2017
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, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARK N EAGANPRESIDENT & CEO
Officer
7$65,560$371,508$85,598
KATHARINE J N BELMONTSENOIR VICE PRESIDENT
Highest-paid employee
38$153,026$27,005$24,546
CHRISTINE A HOLLEVP, FINANCE & OPERATIONS
Officer
4$12,472$126,105$11,907
DAVID DEMARCODIRECTOR
Trustee or director
1$0$0$0
BRIAN O'GRADYDIRECTOR
Trustee or director
1$0$0$0
FRAN O'ROURKEDIRECTOR
Trustee or director
1$0$0$0
STEPHEN OBERMAYERCHAIR
Trustee or director, Officer
1$0$0$0
KIMBERLY IRELANDTREASURER/SECRETARY
Trustee or director, Officer
1$0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARK N EAGANPRESIDENT & CEO
Officer
6$56,620$368,030$76,587
KATHARINE J N BELMONTSENOIR VICE PRESIDENT
Highest-paid employee
44$168,197$3,823$23,550
CHRISTINE A HOLLEVP, FINANCE & OPERATIONS
Officer
5$14,758$118,065$11,813
RICHARD HENDRICKDIRECTOR
Trustee or director
1$0$0$0
KATIE NEWCOMBEDIRECTOR
Trustee or director
1$0$0$0
ROGER RAMSAMMYDIRECTOR
Trustee or director
1$0$0$0
FRAN O'ROURKEDIRECTOR
Trustee or director
1$0$0$0
STEPHEN OBERMAYERCHAIR
Trustee or director, Officer
1$0$0$0
DAVID DEMARCOTREASURER/SECRETARY
Trustee or director, Officer
1$0$0$0
JOHN BENNETTIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0$0$0

Address and contacts

Address (IRS master file)
5 COMPUTER DR S, ALBANY, NY 12205-1608
Principal officer (990 for 2024)
MARK EAGAN, 5 COMPUTER DR S, ALBANY, NY 12205
Signed the 990
MARK EAGAN, PRESIDENT & CEO
Phone
(518) 431-1416
Return prepared by
UHY ADVISORS NORTHEAST INC

Mission

ACCELERATE ECONOMIC OPPORTUNITY IN ALBANY/NY'S CAPITAL REGION BY DEVELOPING AND IMPLEMENTING STRATEGIES TO ATTRACT, EXPAND, AND CREATE BUSINESSES AND JOBS, AND PROVIDE CATALYTIC LEADERSHIP, WORKING WITH PARTNERS AND STAKEHOLDERS TO SHAPE A VIBRANT, THRIVING FUTURE.

990 for the year ended December 31, 2024

Program accomplishments

  • BUSINESS GROWTH/INDUSTRY - CEG DEVELOPS STRATEGIES AND MARKETS THE COMPETITIVE ASSETS OF THE CAPITAL REGION TO TARGETED DOMESTIC AND INTERNATIONAL BUSINESS IN HIGH GROWTH SECTORS THAT CORRESPOND TO THE REGION'S INDUSTRY CLUSTERS. THE ORGANIZATION'S ATTRACTION STRATEGY INCLUDES ATTENDANCE AT INDUSTRY SPECIFIC EVENTS AND TRADE SHOWS, DIRECT OUTREACH AND MEETINGS WITH DECISION MAKERS, AND DIGITAL MARKETING. CEG WORKS WITH PROSPECTIVE EXPANSION AND RELOCATION CLIENTS BY IDENTIFYING APPROPRIATE SITES, DEVELOPING PROPOSALS AND RESPONSES TO INFORMATION, PROVIDING ECONOMIC DATA, COORDINATING RESOURCES SUCH AS INCENTIVES AND WORKFORCE DEVELOPMENT NEEDS. WORK IS DONE IN PARTNERSHIP WITH EMPIRE STATE DEVELOPMENT, LOCAL MUNICIPALITIES, AND OTHER LOCAL ECONOMIC DEVELOPMENT AGENCIES.
    Expenses $934,770 · revenue $160,355
  • TALENT DEVELOPMENT/TALENT ATTRACTION - CEG HAS A DEDICATED TALENT ATTRACTION STRATEGY TO HELP GROW ITS WORKFORCE BY MARKETING THE REGION DIGITALLY TO TARGET AREAS, CERTAIN DEMOGRAPHIC POPULATIONS, AND/OR WITHIN TARGET INDUSTRIES. FURTHERMORE, CEG WORKS TO RETAIN THE REGION'S GRADUATING COLLEGE STUDENTS AND INTERNS.
    Expenses $62,980 · revenue $42,870
  • CEG ACTIVITY SECURES SUPPORT FROM INVESTORS IN BUSINESS, GOVERNMENT, EDUCATION, AND NON-PROFIT SECTORS WHO ARE COMMITTED TO SUSTAINABLE ECONOMIC GROWTH AND PROSPERITY.
    Expenses $128,049 · revenue $102,162

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-2369976
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,508,050
Income (IRS master file)
$1,646,501

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,632,816$1,162,689$1,508,050XML
990December 2023$1,912,753$1,344,672$1,365,323XML
990December 2022$1,683,325$1,229,034$1,459,442IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 82-2369976).

Questions about CEG OF THE CAPITAL REGION INC

What is the EIN of CEG OF THE CAPITAL REGION INC?
The employer identification number (EIN) of CEG OF THE CAPITAL REGION INC is 82-2369976.
Is CEG OF THE CAPITAL REGION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2019.
Are donations to CEG OF THE CAPITAL REGION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CEG OF THE CAPITAL REGION INC 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 CEG OF THE CAPITAL REGION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CEG OF THE CAPITAL REGION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CEG OF THE CAPITAL REGION INC?
The 990 for the year ended December 31, 2024 names MARK EAGAN.
Who are the officers and directors of CEG OF THE CAPITAL REGION INC?
The 990 for the year ended December 31, 2024 lists 8 people; 3 received compensation from the organization, the highest $65,560 (MARK N EAGAN, PRESIDENT & CEO).
How much revenue does CEG OF THE CAPITAL REGION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,632,816, expenses of $1,162,689 and total assets of $1,508,050 at year end.

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