Center for Economic Growth Inc logo

Center for Economic Growth Inc

ALBANY, NY EIN: 22-2880333 Website

PROVIDE CUSTOMIZED STRATEGIES TO SMALL-TO-MIDDLE SIZED COMPANIES IN THE MANUFACTURING TECHNOLOGY SECTORS TO IMPROVE PRODUCTIVITY, INCREASE SALES, REDUCE COSTS, LAUNCH NEW PRODUCTS AND GROW THEIR BOTTOM LINE. IN ADDITION, WE ENGAGE IN A VARIETY OF INITIATIVES TO DEVELOP A SKILLED WORKFORCE TO SERVE THE REGION'S EMPLOYER COMMUNITY.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

-13.7% YoY

Annual Giving

$185K

+33.0% YoY

Grant Count

3

-40.0% YoY

Avg Grant Size

$62K

+121.6% YoY

About Center for Economic Growth Inc

Based on IRS filings

Center for Economic Growth Inc is a nonprofit organization focused on Social Science, based in ALBANY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 3 grants totaling $185K. Net investment income was $26.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

AlbanyMaltaRochesterSchenectadyScotiaWest Hurley

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$623K$1M$2M$2M20202021202220232024
Metric202420232022
Total Assets$1,334,669$1,545,948$1,845,501
Revenue$1,456,973$1,318,359$1,283,587
Expenses$1,662,378$1,459,413$1,465,356
Qualifying Distributions
Net Investment Income$26$548$635
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$105K$209K$314K$418K0 grants20201 grants20216 grants20225 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

MULTI-CRAFT APPRENTICESH…$135KGLOBAL FOUNDRIES US INC$45KNY CREATES$5K

Grant Size Distribution

15 grants across all recorded years

10<$50K1$50–100K3$100–250K1$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

DON WIESENFORTHSENIOR VICE PRESIDENT, CEG$135KTHOMAS BELLPROJECT DIRECTOR, TECHNOLOGY…$118KKATHERINE JN BELMONTCHIEF ECONOMIC DEVELOPMENT$27KCHRISTINE HOLLEVP, FINANCE & OPERATIONS$19KMARK EAGANPRESIDENT & CEO$17K

From 2024 filing

NameTitleHoursCompensation
DAVID DEMARCODIRECTOR1
BRIAN O'GRADYDIRECTOR1
FRAN O'ROURKEDIRECTOR1
STEPHEN OBERMAYERCHAIR1
KIMBERLY IRELANDTREASURER/SECRETARY1
MARK EAGANPRESIDENT & CEO2$17,483
CHRISTINE HOLLEVP, FINANCE & OPERATIONS6$19,401
KATHERINE JN BELMONTCHIEF ECONOMIC DEVELOPMENT7$27,005
THOMAS BELLPROJECT DIRECTOR, TECHNOLOGY SERVICES40$117,640
DON WIESENFORTHSENIOR VICE PRESIDENT, CEG40$134,828

Subject Areas

Focus areas based on grantmaking activity

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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