Watertown Local Development Corporation

Fiscal year ending 2019. Filed on June 23, 2020.

The Buck Bldg - 82 Public Square
Watertown, New York 13601

Watertown Local Development Corporation (EIN: 16-1199439) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Watertown Local Development Corporation, a 501(c)(3) charitable organization, reported compensation for 3 out of 3 total employees. Among the employees shown here, the average compensation is $77,603. The highest compensated employee at Watertown Local Development Corporation is Don Rutherford with fiscal year 2019 compensation of $141,899.

Revenue, expenses, and employee compensation

Revenue

$500,027

Expenses

$455,798

Employee compensation

$247,480
Revenue, expenses, and employee compensation over time

Mission Statement

THE ORGANIZATION'S MISSION IS TO FOSTER AN ENVIRONMENT OF COOPERATION BETWEEN THE CITY GOVERNMENT, ECONOMIC DEVELOPMENT AGENCIES AND THE PRIVATE SECTOR WITH THE GOAL OF PROMOTING ECONOMIC EXPANSION AND PROSPERITY IN THE CITY OF WATERTOWN. MOREOVER, THE ORGANIZATION USES FINANCIAL RESOURCES TO LEVERAGE OTHER INVESTMENTS, WITH THE GOAL OF JOB CREATION, RETENTION AND ELIMINATION OF BLIGHT.

Revisions to this organization profile

March 28, 2025:
2024 Watertown Local Development Corporation 990 filed
April 29, 2024:
2023 Watertown Local Development Corporation 990 filed
May 8, 2023:
2022 Watertown Local Development Corporation 990 filed

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