Public Charity

WATERTOWN LOCAL DEVELOPMENT CORPORATION

WATERTOWN LOCAL DEVELOPMENT CORPORATION is a Public Charity headquartered in WATERTOWN, NY. Financial data from the 2025 filing: $456K revenue, $322K expenses, $10.6M total assets. IRS filings disclose 2 grants awarded by this foundation, totaling roughly $80K.

EIN: 161199439 WATERTOWN, NY Latest filing: 2025
Total Revenue$456K
Total Expenses$322K
Total Assets$10.6M
Grants Given2
Grant Total$80K
Filing Years2021–2025

Mission

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.

Sample Grants Given

WATERTOWN, NY · 2023
TO PROVIDE ASSITANCE FOR BUSINESS ACTIVITY.
$40,000
WATERTOWN, NY · 2021
GRANT TO ASSIST MARKETING OF ZOO NEW YORK
$40,000

Showing up to 5 of 2 total records — full history available with membership.

Officers & Directors

DIRECTOR Christina Grimshaw
DIRECTOR Dawn Cole
CFO Joy Nuffer
CEO Kylee Mcgrath
VICE PRESIDENT Marshall Weir
DIRECTOR Michael Lumbis

Officer compensation and complete director data available with membership.

Top Grant Purposes

GRANT TO ASSIST MARKETING OF ZOO NEW YORK
$40,000 1 grant
TO PROVIDE ASSITANCE FOR BUSINESS ACTIVITY.
$40,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $456K $322K $10.6M
2024 $748K $347K $10.2M
2023 $760K $1.1M $9.7M
2022 $389K $545K $9.6M
2021 $570K $834K $10.1M

Between 2021 and 2025, reported annual revenue declined from $570K to $456K (-20%), with total assets most recently reported at $10.6M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in NY.

NY

Full geographic grant map with state-by-state breakdown available with membership.

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