CEG OF THE CAPITAL REGION

EIN: 822369976 Mutual Benefit

ALBANY, NY

Total Revenue
$1,632,816
Total Expenses
$1,162,689
Total Assets
$1,508,050
Net Assets
$815,007
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
MARK EAGAN
Phone
5184311416
Tax Period
2024-01-01 to 2024-12-31

CEG OF THE CAPITAL REGION, founded in 2017, is a community nonprofit in the Mutual Benefit sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $470K, a strong 29% operating margin.

Mission

CEG IS DEDICATED TO DRIVING ECONOMIC GROWTH IN NEW YORK'S EIGHT-COUNTY, 1.1 MILLION-PERSON CAPITAL REGION. AS THE NONPROFIT REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION, THE ORGANIZATION DOES THIS BY PROACTIVELY MARKETING THE REGION TO ATTRACT INVESTMENT AND TALENT; GROWING MANUFACTURING AND WORKFORCE CAPABILITIES, LEVERAGING INDUSTRY CLUSTERS, AND DEVELOPING THE ENTREPRENEURIAL ECOSYSTEM. CEG SERVES AS A CATALYST AND WORKS WITH PARTNERS AND STAKEHOLDERS TO PREPARE THE REGION TO COMPETE AND MOVE HIGH-IMPACT STRATEGIES AND PROJECTS FORWARD. CEG IS SUPPORTED BY INVESTORS IN BUSINESS, GOVERNMENT, EDUCATION, AND THE NONPROFIT SECTORS WHO ARE COMMITTED TO SUSTAINABLE ECONOMIC GROWTH AND SHARED PROSPERITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,278,854
Program Service Revenue $305,387
Investment Income $48,575
Other Revenue $0
TOTAL REVENUE $1,632,816

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,125,799
Other Expenses $1,162,689
TOTAL EXPENSES $1,162,689

Year-over-Year Comparison

2024 2023 Change
Revenue $1,632,816 $1,912,753 -0.1%
Expenses $1,162,689 $1,344,672 -0.1%
Net Income $470,127 $568,081 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$673,150
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID DEMARCO DIRECTOR 1.00
Director
$0 $0 $0
BRIAN O'GRADY DIRECTOR 1.00
Director
$0 $0 $0
FRAN O'ROURKE DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN OBERMAYER CHAIR 1.00
Officer Director
$0 $0 $0
KIMBERLY IRELAND TREASURER/SECRETARY 1.00
Officer Director
$0 $0 $0
MARK N EAGAN PRESIDENT & CEO 7.00
Officer
$65,560 $85,598 $522,666
CHRISTINE A HOLLE VP, FINANCE & OPERATIONS 4.00
Officer
$12,472 $11,907 $150,484
KATHARINE J N BELMONT SENOIR VICE PRESIDENT 38.00
Highest
$153,026 $24,546 $204,577
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,632,816 $1,162,689 $1,508,050 $470,127
2023 $1,912,753 $1,344,672 $1,365,323 $568,081
2022 $1,683,325 $1,229,034 $1,459,442 $454,291
2021 $1,640,221 $968,871 $954,995 $671,350
2020 $1,548,782 $1,288,359 $2,122,699 $260,423
2019 $1,812,523 $1,733,960 $1,563,396 $78,563
2019 $1,812,523 $1,669,707 $1,643,396 $142,816
2018 $1,678,899 $1,629,011 $817,222 $49,888
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