Columbia Economic Development Corp logo

Columbia Economic Development Corp

Foundation · Grantmaker Hudson, NY EIN: 14-1755710 Website

Columbia economic development corporation is the lead economic development organization for columbia county, new york. Our mission is to strengthen the area's tax base through economic development and job creation, to assist businesses to locate and expand within the county, and to promote columbia county as a premiere spot for both business investment and personal opportunity.

Key facts about Columbia Economic Development Corp

In short: Columbia Economic Development Corp gave $378K across 15 grants in 2024 (avg $25K), mostly in New York. Source: 2024 IRS Form 990 filing.

EIN
14-1755710
Latest 990 filing
Form 990 filing, 2024
Annual giving (2024)
$378,477
Grants made (2024)
15
Average grant
$25,232
Median grant
$25,000
Total assets
$5,416,497
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

$5.4M

+12.3% YoY

Annual Giving

$378K

+403.6% YoY

Grant Count

15

+650.0% YoY

Avg Grant Size

$25K

-32.8% YoY

About Columbia Economic Development Corp

Based on IRS filings

Columbia Economic Development Corp is a nonprofit organization, based in Hudson, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.4M in total assets. In 2024, it awarded 15 grants totaling $378K. Net investment income was $37K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of all 15 itemized 2024 grant dollars.

Cities

HudsonGermantownChathamHillsdalePhilmontWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K0 grants20200 grants20212 grants20222 grants202315 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Columbia County Chamber of Commerce: $65KColumbia County Chamber ofCommerce$65KColumbia County: $27KColumbia County$27KRebus 12534: $25KRebus 12534$25KHudson Ferry CO LLC: $25KHudson Ferry CO LLC$25KHudson Strenght Lab LLC: $25KHudson Strenght Lab LLC$25KPrixel Press: $25KPrixel Press$25KStonykill Coffee: $25KStonykill Coffee$25KTraining Bridge: $25KTraining Bridge$25KDepew Hospitality: $23KDepew Hospitality$23KBurnsys Multimedia Services: $23KBurnsys Multimedia Services$23K

Grant Size Distribution

19 grants across all recorded years

15<$50K3$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
COLUMBIA COUNTY CHAMBER OF COMMERCE Hudson, NYTHE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY.$65,000
COLUMBIA COUNTY Hudson, NYTHE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY.$26,800
REBUS 12534 Hudson, NYTHE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY.$25,000
HUDSON FERRY CO LLC Hudson, NYTHE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY.$25,000
HUDSON STRENGHT LAB LLC Hudson, NYTHE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY.$25,000
PRIXEL PRESS Philmont, NYTHE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY.$25,000
STONYKILL COFFEE Chatham, NYTHE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY.$25,000
TRAINING BRIDGE Hudson, NYTHE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY.$25,000
DEPEW HOSPITALITY Hudson, NYTHE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY.$23,200
BURNSYS MULTIMEDIA SERVICES Germantown, NYTHE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY.$22,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M20202021202220232024
Metric202420232022
Total Assets$5,416,497$4,825,253$4,476,822
Revenue$1,544,530$1,181,402$1,131,840
Expenses$1,511,410$1,165,398$1,149,573
Qualifying Distributions———
Net Investment Income$36,980$40,300$5,795
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

Columbia Economic Development Corp is led by F. Michael Tucker, President & CEO on every filing since 2020; 1 of 25 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • F. Michael Tucker

    President & CEO

    On filings since 2020

    30 hrs/week

    $156K (2024)

  • James Calvin

    Chairman

    Vice Chair → Chairman, 2024

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Derek Grout

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Kenneth Leggett

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Richard Cummings

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Rachel Levine

    Director

    On filings since 2022

    0.3 hrs/week

    No compensation reported

  • Sean Sawyer

    Director

    On filings since 2022

    0.3 hrs/week

    No compensation reported

  • Justin Goldman

    Director

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Michael S. Johnston

    Director

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Rachel Puckett

    Director

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Christian Lopez

    Director

    New on the 2024 filing

    0.3 hrs/week

    No compensation reported

  • Christine Hinz

    Director

    New on the 2024 filing

    0.3 hrs/week

    No compensation reported

  • Richard Nesbitt

    Director

    New on the 2024 filing

    0.3 hrs/week

    No compensation reported

  • Carlee Rader Drummer

    Ex-Officio Member

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Carmine Pierro

    Ex-Officio Member

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • David Fingar

    Former Director

    Chairman → Former Director, 2024

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Ruth Adams

    Former Director

    Director → Former Director, 2024

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Sarah Sterling

    Former Director

    Secretary → Former Director, 2024

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Tarah Gay

    Vice Chair

    Director → Treasurer, 2022

    Treasurer → Vice Chair, 2024

    On filings since 2021

    0.3 hrs/week

    No compensation reported

  • Bryan Mahoney

    Treasurer

    Director → Treasurer, 2024

    On filings since 2022

    0.3 hrs/week

    No compensation reported

  • Michael Molinski

    Secretary

    Director → Secretary, 2024

    On filings since 2022

    0.3 hrs/week

    No compensation reported

  • Amanda Karch

    Ex-Officio Member

    New on the 2024 filing

    0.3 hrs/week

    No compensation reported

  • Christopher Nardone

    Former Ex-Officio

    New on the 2024 filing

    0.3 hrs/week

    No compensation reported

  • Rick Scalera

    Former Director

    New on the 2024 filing

    0.3 hrs/week

    No compensation reported

  • Ryan Skoda

    Ex-Officio Member

    New on the 2024 filing

    0.3 hrs/week

    No compensation reported

Former officers (17)
  • Former: Richard Scalera (2020–2023) — Ex-Officio Member
  • Former: Anita Otey (2021–2023) — Former Director
  • Former: Joseph Benson (2021–2023) — Former Director
  • Former: Anand Balasar (2022–2023) — Former Director
  • Former: Rick Rector (2022–2023) — Director
  • Former: Brian Stickles (2020–2022) — Director
  • Former: James Lapenn (2020–2022) — Director
  • Former: John Lee (2020–2022) — Director
  • Former: Patricia Finnegan (2020–2022) — Director
  • Former: Seth Rapport (2020–2022) — Director
  • Former: Michael Hochman (2022) — Director
  • Former: Michale S. Johnston (2022) — Director
  • Former: Gary Spielmann (2020–2021) — Director
  • Former: Collin Brown (2020) — Director
  • Former: Erin Mortenson (2020) — Director
  • Former: Maria Suttmeier (2020) — Director
  • Former: Russell Bartolotta (2020) — Director

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

F Michael Tucker — President & CEO: $156KF Michael TuckerPresident & CEO$156K

Frequently asked questions about Columbia Economic Development Corp

How much does Columbia Economic Development Corp give each year?

Columbia Economic Development Corp gave $378K across 15 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $75K across 2 grants.

What is Columbia Economic Development Corp's typical grant size?

Columbia Economic Development Corp's median grant in 2024 was $25,000, and its average grant was $25,232, across 15 grants on its 2024 IRS Form 990 filing.

Where does Columbia Economic Development Corp give grants?

Columbia Economic Development Corp gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The most frequent recipient cities were Hudson, NY (8 grants), Germantown, NY (3 grants) and Chatham, NY (2 grants).

Does Columbia Economic Development Corp give general operating support?

Not in 2024: none of the 15 grants with a stated purpose on Columbia Economic Development Corp's 2024 IRS Form 990 filing were described as general or operating support.

Who are Columbia Economic Development Corp's largest grantees?

Columbia Economic Development Corp's largest 2024 grantees include Columbia County Chamber of Commerce ($65,000), Columbia County ($26,800) and Rebus 12534 ($25,000), according to its 2024 IRS Form 990 filing. Together they received 31% of its itemized 2024 grant dollars.

How large is Columbia Economic Development Corp?

Columbia Economic Development Corp reported $5.4M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $1.5M.

What is Columbia Economic Development Corp's EIN?

Columbia Economic Development Corp's EIN (Employer Identification Number) is 14-1755710. 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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