Pelham Leasing Corporation: Nonprofit Profile, Financials & Form 990 (EIN 13-2521981)

Revenue by fiscal year
FY2020	$421K
FY2021	$446K
FY2022	$449K
FY2023	$479K
FY2024	$496K

Expenses by fiscal year
FY2020	$419K
FY2021	$445K
FY2022	$448K
FY2023	$479K
FY2024	$496K

Net assets by fiscal year
FY2020	$618K
FY2021	$619K
FY2022	$620K
FY2023	$620K
FY2024	$620K

Is it real?

Yes. Revoked May 2012, reinstated. IRS ruling Mar 2021, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Mar 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation

Tom Gallivan

President

$0Pt VII · Sec A

Todd Nordstrom

Vice President

$0Pt VII · Sec A

Brian McCann

Treasurer

$0Pt VII · Sec A

Matt Maron

Secretary

$0Pt VII · Sec A

Deirdre Doherty

Governor

$0Pt VII · Sec A

Jay Doran

Governor

$0Pt VII · Sec A

Michael Gann

Governor

$0Pt VII · Sec A

Michelle Hambrigh

Governor

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Holds property titles to avoid taxes for charitable purposes.

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Provided by the organization

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1 program · in their own filed words · FY2024

01

Tax exempt title holding company

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$496K

Ln 12

Other incomeLn 4–11$496K

Money outPt IX

$496K

Ln 25

Owns and owesPt X

$620K

net assets · Ln 32

Total assetsLn 16$620K

LiabilitiesLn 26$0

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Other incomeLn 4–11$496K

Total revenueLn 12$496K

Assets in detailPt X, end of year

Land, buildings, equipmentLn 10c$590K

Total assetsLn 16$620K

LiabilitiesLn 26$0

Net assetsLn 32$620K

OperationsPt I, VI

EmployeesI 50

VolunteersI 613

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Land, buildings, equipmentLn 10c	$590K	$590K
Total assetsLn 16	$620K	$620K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$620K	$620K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$4K
OccupancyLn 16	$174K
InsuranceLn 23	$303K
Other expenses (24a–d)Ln 24	$16K
Total functional expensesLn 25	$496K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$496K	$496K	$0	$620K	990 PDF
FY2023	$479K	$479K	$0	$620K	990 PDF
FY2022	$449K	$448K	$1K	$620K	990 PDF
FY2021	$446K	$445K	$1K	$619K	990 PDF
FY2020	$421K	$419K	$1K	$618K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $495,916 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $479,176$495,916

I-12 Total revenuePrior year $479,176$495,916

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $479,176$495,916

I-18 Total expensesPrior year $479,176$495,916

I-19 Revenue less expensesPrior year $0$0

Part VI · Governance 13 of 13 board members independent, 1 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $495,916 across 2 lines filed

VIII-6 Net rental income or lossRelated to mission $495,916$495,916

VIII-12 Total revenueRelated to mission $495,916 · Unrelated business $0 · Excluded from tax $0$495,916

Part IX · Statement of functional expenses $495,916 across 4 lines filed

IX-11c Accounting fees$3,750

IX-16 Occupancy$174,008

IX-23 Insurance$302,632

IX-24 Other expenses (24a–d)$15,526

IX-25 Total functional expenses$495,916

Part X · Balance sheet $620,395 assets, 6 lines filed

X-4 Accounts receivableStart of year $30,760$30,760

X-10c Land, buildings and equipment, netStart of year $589,635$589,635

X-16 Total assetsStart of year $620,395$620,395

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $620,395$620,395

X-33 Total liabilities and net assetsStart of year $620,395$620,395

Part XI · Reconciliation of net assets $620,395 net assets at year end

XI-1 Total revenue$495,916

XI-2 Total expenses$495,916

XI-3 Revenue less expenses$0

XI-4 Net assets at start of year$620,395

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$620,395

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Pelham Leasing Corporation

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Pelham Leasing Corporation

By the numbers

Filing history

Schedules filed Part IV