Staten Island Economic Development Corporation
Staten Island Economic Development Corporation maintains stable finances with no reported officer compensation.
EIN: 133706442 · Staten Island, NY · NTEE: S30Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $2.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.8M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Staten Island Economic Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Staten Island Economic Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Staten Island Economic Development Corporation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $2.4M and expenses of $2.3M.
Revenue and Expenses
Staten Island Economic Development Corporation reported $2.4M in revenue and $2.3M in expenses, a surplus of $58K.
Executive Compensation
Top officer compensation appears as $2 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Staten Island Economic Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.0M (85%) |
Across stored filings, Staten Island Economic Development Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Community Improvement context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Staten Island, NY nonprofitsCommunity Improvement in New York
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Next Best Actions
Keep the Investigation Moving
Staten Island Economic Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Staten Island Economic Development Corporation
Staten Island Economic Development Corporation (EIN: 133706442) is a nonprofit organization based in Staten Island, NY, classified under NTEE code S30Z. The organization reported total revenue of $2.3M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Staten Island Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Staten Island Economic Development Corporation is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$58K |
| Total Assets | $2.4M |
| Total Liabilities | $582K |
| Net Assets | $1.8M |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 24.3% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, Staten Island Economic Development Corporation reported a surplus of $58K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 24.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Staten Island Economic Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.1% | +14.2% | -2.5% |
| 2022 | -9.3% | +8.8% | +20.8% |
| 2021 | +15.9% | +8.9% | +10.6% |
| 2020 | -17.1% | -23.1% | +30.5% |
| 2019 | +9.1% | +6.8% | +14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Staten Island Economic Development Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Staten Island Economic Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $2 million in annual revenue. This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within their financial statements, warranting further inquiry for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Staten Island Economic Development Corporation's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure actual executive compensation if categorized differently.
Strengths
The following positive indicators were identified for Staten Island Economic Development Corporation:
- Consistent financial stability with revenues generally covering expenses.
- Significant growth in assets over the past decade, from $993,377 in 2014 to $2,388,772 in 2023.
- No reported officer compensation, indicating a potential high efficiency in leadership costs or volunteer leadership.
- Positive net assets, with assets consistently exceeding liabilities.
Frequently Asked Questions about Staten Island Economic Development Corporation
Is Staten Island Economic Development Corporation a legitimate charity?
Staten Island Economic Development Corporation (EIN: 133706442) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Staten Island Economic Development Corporation spend its money?
Staten Island Economic Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Staten Island Economic Development Corporation tax-deductible?
Staten Island Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 133706442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Staten Island Economic Development Corporation CEO make?
Staten Island Economic Development Corporation's highest-compensated officer earns $2 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Staten Island Economic Development Corporation's spending goes to programs?
Staten Island Economic Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Staten Island Economic Development Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Staten Island Economic Development Corporation is above average for NTEE category S30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Staten Island Economic Development Corporation located?
Staten Island Economic Development Corporation is headquartered in Staten Island, New York and files with the IRS under EIN 133706442. It is classified under NTEE code S30Z.
How many years of IRS 990 filings does Staten Island Economic Development Corporation have?
Staten Island Economic Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
Is Staten Island Economic Development Corporation a good charity?
Based on the available IRS 990 data, SIEDC appears to be a well-managed organization with stable finances and a strong commitment to its mission, as indicated by consistent operations and no reported officer compensation. However, the lack of reported officer compensation warrants further investigation to understand the full compensation structure.
How does SIEDC manage its executive compensation?
SIEDC consistently reports 0% officer compensation in its IRS 990 filings. This is highly unusual for an organization of its size and suggests that executive leadership may be volunteer-based or compensated through other means not classified as officer compensation, which would require a deeper dive into their detailed financial statements.
Has SIEDC's financial health improved over time?
Yes, SIEDC's financial health has shown improvement. Assets have grown from $993,377 in 2014 to $2,388,772 in 2023, and revenues have generally increased, indicating a growing capacity to fulfill its mission.
Filing History
IRS 990 filing history for Staten Island Economic Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Staten Island Economic Development Corporation's revenue has grown by 32.7%, moving from $1.8M to $2.4M. Total assets increased by 205.6% over the same period, from $782K to $2.4M. Total functional expenses rose by 34.4%, from $1.7M to $2.3M. In its most recent filing year (2023), Staten Island Economic Development Corporation reported a surplus of $58K, with revenue exceeding expenses. The organization holds $582K in liabilities against $2.4M in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.3M | $2.4M | $582K | — | — |
| 2022 | $2.0M | $2.0M | $2.4M | $700K | — | — |
| 2021 | $2.2M | $1.9M | $2.0M | $277K | — | View 990 |
| 2020 | $1.9M | $1.7M | $1.8M | $455K | — | View 990 |
| 2019 | $2.3M | $2.2M | $1.4M | $245K | — | View 990 |
| 2018 | $2.1M | $2.1M | $1.2M | $249K | — | View 990 |
| 2017 | $1.9M | $1.8M | $1.3M | $369K | — | View 990 |
| 2016 | $2.2M | $2.3M | $1.2M | $399K | — | View 990 |
| 2015 | $1.8M | $1.7M | $1.2M | $327K | — | View 990 |
| 2014 | $1.7M | $1.6M | $993K | $268K | — | View 990 |
| 2013 | $1.6M | $1.6M | $876K | $239K | — | View 990 |
| 2012 | $1.6M | $1.5M | $782K | $147K | — | View 990 |
| 2011 | $1.8M | $1.7M | $782K | $208K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.3M, and assets of $2.4M (revenue +17.1% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $2.4M (revenue -9.3% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.9M, and assets of $2.0M (revenue +15.9% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.7M, and assets of $1.8M (revenue -17.1% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $1.4M (revenue +9.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $1.2M (revenue +11.9% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.8M, and assets of $1.3M (revenue -12.8% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.3M, and assets of $1.2M (revenue +19.1% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $1.2M (revenue +8.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $993K (revenue +9.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $876K (revenue -2.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $782K (revenue -11.3% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.7M, and assets of $782K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Staten Island Economic Development Corporation:
Data Sources and Methodology
This transparency report for Staten Island Economic Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.