Economic Development Growth Enterprises Corporation
Strengthen local business, attract new industries and talent, and create vibrant communities to grow the mohawk valley economy.
Key facts about Economic Development Growth Enterprises Corporation
In short: Economic Development Growth Enterprises Corporation gave $186K across 3 grants in 2024 (avg $62K). Source: 2024 IRS Form 990.
- EIN
- 16-0874637
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $186,470
- Grants made (2024)
- 3
- Average grant
- $62,157
- Median grant
- $79,000
- Total assets
- $50,447,197
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$50.4M
+24.3% YoY
Annual Giving
$186K
-84.1% YoY
Grant Count
3
-80.0% YoY
Avg Grant Size
$62K
-20.7% YoY
How Economic Development Growth Enterprises Corporation gives
- Giving grew 32% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About Economic Development Growth Enterprises Corporation
Based on IRS filings
Economic Development Growth Enterprises Corporation is a public charity, based in Rome, NY. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $50.4M in total assets. In 2024, it awarded 3 grants totaling $186K. Net investment income was $150K.
Open Grants
8 open opportunities from Economic Development Growth Enterprises Corporation
Excelsior Jobs Program Tax Credits
Economic Development Growth Enterprises Corporation
Amount
6.85% of wages per net new job (varies by program type)
Deadline
Rolling / Open
Mohawk Valley EDGE Revolving Loan Funds
Economic Development Growth Enterprises Corporation
Amount
Varies
Deadline
Rolling / Open
NYS Economic Development Grant Program (Office of Community Renewal)
Economic Development Growth Enterprises Corporation
Amount
Varies
Deadline
Rolling / Open
Ready to take the next step with Economic Development Growth Enterprises Corporation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $141K (2021) to $1.2M (2023). In 2024 it made 3 grants totaling $186K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Griffiss Local Development Corporation ($96K). Together the top 3 received $186K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 24 grants of 38 (63%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Griffiss Local Development Corporation | Installation of High Efficiency Natural Gas Boilers | $96,152 |
| New Venture Advisors LLC | Dairy Processing Study | $79,000 |
| Andro Computational Solutions LLC | Jobs Creation Project Grant | $11,318 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $50,447,197 | $40,575,052 | $40,406,038 |
| Revenue | $10,796,894 | $8,193,120 | $5,942,134 |
| Expenses | $6,886,017 | $8,325,396 | $5,992,359 |
| Net Investment Income | $150,328 | $21,933 | $724 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS July 7, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS June 18, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 23, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 21, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS July 16, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 26, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Economic Development Growth Enterprises Corporation is led by Shawna Papale, President since 2024 (on filings since 2019); 5 of 61 officers listed in 2024 are compensated.
Officers on the 2024 filing
Shawna Papale
President
Chief Adminstrative Officer → Chief Administrative Officer, 2022
Chief Administrative Officer → President, 2024
On filings since 2019
40 hrs/week
$125K (2019) → $162K (2024)
Justin Hummel
Chairman
Vice Chair → Board Chair, 2023
Board Chair → Chairman, 2024
On filings since 2019
1 hr/week
No compensation reported
Alicia Dicks
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Brian Anderson
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Brian Loughlin
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Charles Green
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
David Kavney
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
David M. Manzelmann
Director
Chair of the Board → Member, 2020
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Eve Van De Wal
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Jim McCarthy
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
John Buffa
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
John J. Piseck
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
John Romano
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Lawrence T. Gilroy III
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Maria I. Kontaridis
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Marianne Gaige
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Nicholas Matt
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Nicholas Mayhew
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Peter Baildon
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Randy Van Wagoner
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Raymond Halbritter
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Richard Creedon
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Richard Tantillo
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Rocco Arcuri
Director
Chair Elect → Board Chair, 2020
Board Chair → Director, 2023
On filings since 2019
1 hr/week
No compensation reported
Russ Brewer
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Ryan O'Shaughnessy
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Sabrina Webster
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Sondra Butcher
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Stephen Waters
Director
Member → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Darlene Stromstad
Director
Member → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Lisa Betrus
Director
Member → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Mark Lewis
Director
Member → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Ron Belle
Director
On filings since 2021
1 hr/week
No compensation reported
Ryan Thompson
Director
On filings since 2021
1 hr/week
No compensation reported
William Bower
Director
On filings since 2021
1 hr/week
No compensation reported
Matt Nicholl
Director
On filings since 2022
1 hr/week
No compensation reported
Andy Russell
Director
On filings since 2023
1 hr/week
No compensation reported
Anna D'ambrosio
Director
On filings since 2023
1 hr/week
No compensation reported
Michele Devoe
Director
On filings since 2023
1 hr/week
No compensation reported
Nick Alger
Director
On filings since 2023
1 hr/week
No compensation reported
Richard Evans
Director
On filings since 2023
1 hr/week
No compensation reported
Todd Pfannestiel
Director
On filings since 2023
1 hr/week
No compensation reported
Tom Neumann
Director
On filings since 2023
1 hr/week
No compensation reported
Douglas Walters
Director
New on the 2024 filing
1 hr/week
No compensation reported
Greg Evans
Director
New on the 2024 filing
1 hr/week
No compensation reported
Karen Korotzer
Director
New on the 2024 filing
1 hr/week
No compensation reported
Kevin Gaglione
Director
New on the 2024 filing
1 hr/week
No compensation reported
Steve Surace
Director
New on the 2024 filing
1 hr/week
No compensation reported
Thomas Clark Jr.
Director
New on the 2024 filing
1 hr/week
No compensation reported
Maureen Carney
Chief Financial Officer
On filings since 2019
40 hrs/week
$95K (2019) → $121K (2024)
Nicholas Bruno
Secretary & Non-Voting
Secretary → Secretary & Non-Voting, 2023
On filings since 2019
40 hrs/week
$54K (2019) → $88K (2024)
Steven Dimeo
Former President
President → Former President, 2024
On filings since 2019
40 hrs/week
$254K (2019) → $94K (2024)
Christian Mercurio
Vice President Planning An
Vice President Planning & Development → Vice President Planning An, 2022
On filings since 2021
40 hrs/week
$102K (2021) → $114K (2024)
Geno Decondo
Vice Chair
On filings since 2019
1 hr/week
No compensation reported
John Snyder
Ex-Officio Voting Member
On filings since 2019
1 hr/week
No compensation reported
Michael Frame
Vice Chair
Member → Director, 2021
Director → Vice Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Patrick Becher
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Ronald Edwards
Ex-Officio Voting Member
On filings since 2019
1 hr/week
No compensation reported
Gregory Mattacola
Ex-Officio Voting Member
On filings since 2023
1 hr/week
No compensation reported
Michael Bushardt
Ex-Officio Voting Member
On filings since 2023
1 hr/week
No compensation reported
Denise Cavanaugh
Ex-Officio Voting Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (23)
- Former: Cathleen McColgin (2019–2023) — Director
- Former: Enessa Carbone (2019–2023) — Director
- Former: Harold T. Clark Jr. (2019–2023) — Director
- Former: Laura Casamento (2019–2023) — Director
- Former: Mike Hennessey (2019–2023) — Director
- Former: Ronald A. Cuccaro (2019–2023) — Director
- Former: William Vanshufflin (2020–2023) — Senior Vice President Plan
- Former: Richard Dowe (2021–2023) — Ex-Officio Voting Member
- Former: John Calabrese (2023) — Ex-Officio Voting Member
- Former: Daria Helmer (2019–2022) — Ex-Officio Voting Member
- Former: Michael J. Parsons (2019–2022) — Director
- Former: Michele Salisbury (2019–2022) — Director
- Former: Timothy Butcher (2019–2022) — Director
- Former: Adam Hovak (2021–2022) — Ex-Officio Voting Member
- Former: Chris Papayanakos (2019–2021) — Director
- Former: Wes Cupp (2019–2021) — Ex-Officio Voting Member
- Former: Mark Pfisterer (2019–2020) — Member
- Former: Miguel Aldana (2020) — Member
- Former: David Lundquist (2019) — Member
- Former: Greg Harden (2019) — Member
- Former: Joseph Cirillo (2019) — Ex-Officio Voting Member
- Former: Kirk Hinman (2019) — Member
- Former: Luke Pomilio (2019) — Member
Data from IRS Form 990 filings, 2019–2024. "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 $162K, to Shawna Papale (President). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Economic Development Growth Enterprises Corporation
How much does Economic Development Growth Enterprises Corporation give each year?
Economic Development Growth Enterprises Corporation gave $186K across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.2M across 15 grants.
What is Economic Development Growth Enterprises Corporation's typical grant size?
Economic Development Growth Enterprises Corporation's median grant in 2024 was $79,000, and its average grant was $62,157, across 3 grants on its 2024 IRS Form 990.
Does Economic Development Growth Enterprises Corporation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Economic Development Growth Enterprises Corporation's 2024 IRS Form 990 were described as general or operating support.
How large is Economic Development Growth Enterprises Corporation?
Economic Development Growth Enterprises Corporation reported $50.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $10.8M.
Where does Economic Development Growth Enterprises Corporation operate?
Economic Development Growth Enterprises Corporation has awarded grants in New York.
What is Economic Development Growth Enterprises Corporation's EIN?
Economic Development Growth Enterprises Corporation's EIN (Employer Identification Number) is 16-0874637. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Economic Development Growth Enterprises Corporation by hand.
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