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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Excelsior Local Development Corporation

Excelsior Local Development Corporation

Fiscal year ending 2022. Filed on February 7, 2023.

50 Beaver Street
Floor
Albany, New York 12207

Excelsior Local Development Corporation (EIN: 84-2112665) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2022 IRS Form 990 filing, Excelsior Local Development Corporation, a 501(c)(3) charitable organization, reported compensation for 6 employees. Among the employees shown here, the average compensation is $364,465. The highest compensated employee at Excelsior Local Development Corporation is Patrick J MacKrell with fiscal year 2022 compensation of $1,083,829.

Revenue, expenses, and employee compensation

Revenue

$2,081,971

Expenses

$255,589

Employee compensation

$44,271
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Patrick J MacKrell
President
$1,083,829
$0 $1,083,829 No other comp
Andrew M Linehan
Former Vice President
$281,077
$0 $281,077 No other comp
Owen Burns
Treasurer
$269,196
$0 $269,196 No other comp
Leesa Naimo-Fredette
Vice President
$231,440
$0 $231,440 No other comp
Nancy A Reinhart
Former Vice President
$194,518
$0 $194,518 No other comp
Kathleen A Russom
Former Secretary
$126,732
$0 $126,732 No other comp

Benchmark Employee Compensation

Non-Employee Board Members

Bruce W Boyea
Director
Jeffrey Levy
Director

Mission Statement

TO ASSIST SMALL BUSINESSES IN THE ACQUISITION OF REAL PROPERTY, AND CONSTRUCTION, RENOVATION OR OTHER IMPROVEMENTS THEREON, AND THEREBY PROMOTE AND ENCOURAGE THE BUSINESS PROSPERITY AND ECONOMIC WELFARE OF THE STATE OF NEW YORK; TO ENCOURAGE AND ASSIST IN THE LOCATION OF NEW BUSINESS AND INDUSTRY IN THE STATE OF NEW YORK; AND TO PROVIDE FINANCING TO BOTH NEW AND EXISTING BUSINESSES AND INDUSTRY; AND TO CREATE AND RETAIN JOBS WITHIN THE STATE OF NEW YORK.

Revisions to this organization profile

April 4, 2025:
2024 Excelsior Local Development Corporation 990 filed
February 12, 2024:
2023 Excelsior Local Development Corporation 990 filed
February 7, 2023:
2022 Excelsior Local Development Corporation 990 filed

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