Center for Economic Growth Inc
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.
Center for Economic Growth Inc at a glance
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.
- Annual giving (2024)
- $184,914
- +33.0% vs 2023
- Grants made (2024)
- 3
- -40.0% vs 2023
- Average grant
- $61,638
- +121.6% vs 2023
- Median grant
- $44,544
- Total assets
- $1,334,669
- -13.7% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Center for Economic Growth Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
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
The most common grant size was under $50K: 10 grants of 15 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Center for Economic Growth Inc gives
- Giving fell 56% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $139K (2023) to $418K (2021). In 2024 it made 3 grants totaling $185K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Multi-Craft Apprenticeship Preparation Program (Mapp) Rochester, NY | Upper hudson workforce fund training services; funded by sunrise wind llc (ORSTED) | $135,000 |
| Global Foundries US Inc Malta, NY | Aeg - 2 final voucher; dol workforce grant; national institute for industry and career advancement (NIICA) apprenticeship grant | $44,544 |
| NY Creates Albany, NY | National institute for industry and career advancement (NIICA) apprenticeship grant | $5,370 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,334,669 | $1,456,973 | $1,662,378 | $184,914 | 3 | $26 |
| 2023 | $1,545,948 | $1,318,359 | $1,459,413 | $139,048 | 5 | $548 |
| 2022 | $1,845,501 | $1,283,587 | $1,465,356 | $372,404 | 6 | $635 |
| 2021 | $2,002,118 | $2,266,001 | $2,173,029 | $418,151 | 1 | $90 |
| 2020 | $1,829,466 | $1,301,497 | $1,109,296 | — | — | — |
About Center for Economic Growth Inc
Based on IRS filings
Center for Economic Growth Inc is a public charity 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
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
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. 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.
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 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 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. Its revenue that year was $1.5M.
What is Center for Economic Growth Inc?
Center for Economic Growth Inc is a public charity 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.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 29, 2025)
- IRS filings on file for fiscal years 2020–2024
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Center for Economic Growth Inc down — hundreds of funders to go?