Center for Economic Growth Inc logo

Center for Economic Growth Inc

Grantmaker 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.

Key facts about Center for Economic Growth Inc

In short: Center for Economic Growth Inc gave $185K across 3 grants in 2024 (avg $62K), mostly in New York. Source: 2024 IRS Form 990 filing.

EIN
22-2880333
Latest 990 filing
Form 990 filing, 2024
Annual giving (2024)
$184,914
Grants made (2024)
3
Average grant
$61,638
Median grant
$44,544
Total assets
$1,334,669
Primary geography
New York (100% of itemized 2024 grant dollars)

Data from IRS Form 990 filing, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 filing · 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

How Center for Economic Growth Inc gives

  • Giving fell 56% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

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

1state

Share of all 3 itemized 2024 grant dollars.

States

Cities

MaltaSchenectadyAlbanyRochesterScotiaWest Hurley

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K0 grants20201 grants20216 grants20225 grants20233 grants2024

From 2021 to 2024, annual grant giving ranged from $139K (2023) to $418K (2021). In 2024 it made 3 grants totaling $185K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Multi-Craft Apprenticeship Preparation Program (Mapp): $135KMulti-Craft ApprenticeshipPreparation Program (Mapp)$135KGlobal Foundries US Inc: $45KGlobal Foundries US Inc$45KNY Creates: $5KNY Creates$5K

The largest 2024 recipient was Multi-Craft Apprenticeship Preparation Program (Mapp) ($135K). Together the top 3 received $185K.

Grant Size Distribution

15 grants across all recorded years

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

The most common grant size was under $50K: 10 grants of 15 (67%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Multi-Craft Apprenticeship Preparation Program (Mapp) Rochester, NYUpper hudson workforce fund training services; funded by sunrise wind llc (ORSTED)$135,000
Global Foundries US Inc Malta, NYAeg - 2 final voucher; dol workforce grant; national institute for industry and career advancement (NIICA) apprenticeship grant$44,544
NY Creates Albany, NYNational institute for industry and career advancement (NIICA) apprenticeship grant$5,370

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M20202021202220232024
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———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Center for Economic Growth Inc is led by Mark N. Eagan, President & CEO since 2023 (on filings since 2021); 5 of 10 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Mark N. Eagan

    President & CEO

    President → President & CEO, 2023

    On filings since 2021

    2 hrs/week

    $38K (2023) → $17K (2024)

  • Stephen Obermayer

    Chair

    On filings since 2023

    1 hr/week

    No compensation reported

  • Thomas J. Bell

    Project Director & Technology Services

    Proj. Director → Project Director & Technology Services, 2024

    On filings since 2021

    40 hrs/week

    $102K (2021) → $118K (2024)

  • David Demarco

    Director

    Director → Treasurer & Secretary, 2023

    Treasurer & Secretary → Director, 2024

    On filings since 2021

    1 hr/week

    No compensation reported

  • Fran O'Rourke

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Brian O'Grady

    Director

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Christine A. Holle

    Vice President, Finance & Operations

    Vice President & Finance → Vice President, Finance & Operations, 2023

    On filings since 2021

    6 hrs/week

    $5K (2021) → $19K (2024)

  • Don Wiesenforth

    Senior Vice President & Ceg

    On filings since 2023

    40 hrs/week

    $124K (2023) → $135K (2024)

  • Katherine Jn Belmont

    Chief Economic Development

    Chief Economic Development Officer → Chief Economic Development, 2024

    On filings since 2023

    7 hrs/week

    $4K (2023) → $27K (2024)

  • Kimberly Ireland

    Treasurer & Secretary

    New on the 2024 filing

    1 hr/week

    No compensation reported

Former officers (9)
  • Former: John Bennett (2021–2023) — Immediate Past Chair
  • Former: Richard Hendrick (2021–2023) — Director
  • Former: Roger Ramsammy (2021–2023) — Director
  • Former: Katie Newcombe (2023) — Director
  • Former: Laura Poltynski (2021–2022) — Secretary
  • Former: John Tattersall (2021) — Director
  • Former: Andrew Kennedy (2020) — President & CEO
  • Former: Michael J. Hickey (2020) — Past Chair
  • Former: Thomas L. Amell (2020) — Executive Vice Chair

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Don Wiesenforth — Senior Vice President, Ceg: $135KDon WiesenforthSenior Vice President, Ceg$135KThomas Bell — Project Director, Technology Services: $118KThomas BellProject Director, Technology…$118KKatherine JN Belmont — Chief Economic Development: $27KKatherine JN BelmontChief Economic Development$27KChristine Holle — VP, Finance & Operations: $19KChristine HolleVP, Finance & Operations$19KMark Eagan — President & CEO: $17KMark EaganPresident & CEO$17K

The highest reported compensation on the 2024 filing was $135K, to Don Wiesenforth (Senior Vice President, Ceg). 5 officers or directors reported compensation on that filing.

Frequently asked questions about Center for Economic Growth Inc

How much does Center for Economic Growth Inc give each year?

Center for Economic Growth Inc gave $185K across 3 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $139K across 5 grants.

What is Center for Economic Growth Inc's typical grant size?

Center for Economic Growth Inc's median grant in 2024 was $44,544, and its average grant was $61,638, across 3 grants on its 2024 IRS Form 990 filing.

Where does Center for Economic Growth Inc give grants?

Center for Economic Growth Inc gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there.

Does Center for Economic Growth Inc give general operating support?

Not in 2024: none of the 3 grants with a stated purpose on Center for Economic Growth Inc's 2024 IRS Form 990 filing were described as general or operating support.

How large is Center for Economic Growth Inc?

Center for Economic Growth Inc reported $1.3M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $1.5M.

What is Center for Economic Growth Inc?

Center for Economic Growth Inc is a nonprofit organization focused on Social Science, based in Albany, NY. It holds $1.3M in total assets as of 2024.

What is Center for Economic Growth Inc's EIN?

Center for Economic Growth Inc's EIN (Employer Identification Number) is 22-2880333. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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