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Greystone Endowment INC FY2022 filing

Tax-deductible

Hopewell Jct, NY501(c)(3)EIN 14-1702785Revenue $308K in FY2022

On file with the IRSgreystoneprograms.org700 South Dr Ste 203, 12533-4026 · Hopewell Jct, NYTax-exempt since Nov 1989Publicly supported charity — 170(b)(1)(A)(vi)

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To provide financial and technical assistance to Greystone programs, INC. And to solicit, collect and otherwise raise money on behalf of Greystone programs, INC.

501(c)(3) charity; gifts are tax-deductible.
40¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $29K a year · 15% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
40%
of spending
Concern: 40% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$308K
+80% vs prior year
Spent
$186K
To programs
40%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$308K
FY2022▲ +80%
Tap a bar for its year
Revenue by fiscal year
FY2020$48K
FY2021$171K
FY2022$308K
FY2023$194K
FY2024$224K
Expenses
$186K
FY2022▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$108K
FY2021$211K
FY2022$186K
FY2023$201K
FY2024$383K
Net assets
$1.3M
FY2022▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.3M
FY2023$1.5M
FY2024$1.6M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1989.

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

Where the money goes

40 cents of each dollar spent went to programs.

Program services 40% · $75K Management & general 24% · $45K Fundraising 36% · $67K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Paul Austin
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ellen Mallet
Director
$0Pt VII · Sec A
Kristin Catalano
Director Thru May 22
$0Pt VII · Sec A
David Devito
Director
$0Pt VII · Sec A
Robert Dietz
Director
$0Pt VII · Sec A
See Greystone Endowment INC executive salaries →

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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

Raises money and provides support for Greystone Programs.

Questions for Greystone Endowment INC

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Provided by the organization

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1 program · $75K · in their own filed words · FY2022
01

During 2022 greystone endowment, inc. Granted $75,000 to greystone programs, inc. To fund operations. The balance was granted to greystone programs, inc. To fund activities (E.G., a boat ride or some other activity) provided to direct support professionals ("DSP") in appreciation of their hard work throughout the year.

$75Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$5
Total grants receivedfrom 1 funder$5
Grants paid · 4 grants · $455K · 2021–2024
Greystone Programs INCNY · FY2024$215,996
Greystone Programs INCNY · FY2023$69,500
Greystone Programs INCNY · FY2022$75,000
Greystone Programs INCNY · FY2021$95,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$308K
Ln 12
Gifts and grantsLn 1h$221K
Other incomeLn 4–11$84K
Investment incomeLn 3$4K
Money outPt IX
$186K
Ln 25
Programscol B$75K
Managementcol C$45K
Fundraisingcol D$67K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$1.3M
LiabilitiesLn 26$4K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$221K
Fundraising eventsLn 1c$23K
Investment incomeLn 3$4K
Other incomeLn 4–11$84K
Total revenueLn 12$308K
Assets in detailPt X, end of year
CashLn 1$149K
SavingsLn 2$16K
Cash and savings togetherLn 1–2$164K
InvestmentsLn 11–13$1.2M
Other assetsLn 15$6K
Total assetsLn 16$1.3M
LiabilitiesLn 26$4K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
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
LineStart FY22End FY22
Cash and savingsLn 1–2$245K$164K
InvestmentsLn 11–13$1.4M$1.2M
Total assetsLn 16$1.6M$1.3M
LiabilitiesLn 26$200K$4K
Net assetsLn 32$1.4M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
Management feesLn 11a$12K$12K
Professional fundraising feesLn 11e$800$800
Other fees for servicesLn 11g$24K$18K$6K
Office expensesLn 13$14K$14K
Other expenses (24a–d)Ln 24$60K$60K
Total functional expensesLn 25$186K$75K$45K$67K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $224K$383K−$159K$1.6M 990 PDF
FY2023 $194K$201K−$7K$1.5M 990 PDF
FY2022 Viewing $308K$186K$122K$1.3M 990 PDF
FY2021 $171K$211K−$39K$1.4M 990 PDF
FY2020 $48K$108K−$59K$1.2M 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 FY2022 990 (6 parts)
Part I · Summary $308,293 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $124,077$221,150
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,506$3,593
I-11 Other revenuePrior year $44,820$83,550
I-12 Total revenuePrior year $171,403$308,293
I-13 Grants and similar amounts paidPrior year $95,000$75,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $89,830$0
I-16a Professional fundraising feesPrior year $0$800
I-17 Other expensesPrior year $25,840$110,670
I-18 Total expensesPrior year $210,670$186,470
I-19 Revenue less expensesPrior year −$39,267$121,823
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $308,293 across 6 lines filed
VIII-1c Fundraising events$22,591
VIII-1f All other contributions, gifts and grants$198,559
VIII-1h Total contributions, gifts and grants$221,150
VIII-3 Investment incomeExcluded from tax $3,593$3,593
VIII-8 Net income from fundraising eventsExcluded from tax $83,550$83,550
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $87,143$308,293
Part IX · Statement of functional expenses $186,470 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $75,000$75,000
IX-11a Management feesManagement $12,353$12,353
IX-11e Professional fundraising feesFundraising $800$800
IX-11g Other fees for servicesManagement $18,500 · Fundraising $5,710$24,210
IX-13 Office expensesManagement $13,835$13,835
IX-24 Other expenses (24a–d)Fundraising $60,272$60,272
IX-25 Total functional expensesPrograms $75,000 · Management $44,688 · Fundraising $66,782$186,470
Part X · Balance sheet $1,327,159 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $220,477$148,914
X-2 Savings and temporary cash investmentsStart of year $24,299$15,540
X-11 Publicly traded securitiesStart of year $1,377,250$1,156,890
X-15 Other assetsStart of year $0$5,815
X-16 Total assetsStart of year $1,622,026$1,327,159
X-17 Accounts payable and accrued expensesStart of year $1,791$3,626
X-25 Other liabilitiesStart of year $198,165$0
X-26 Total liabilitiesStart of year $199,956$3,626
X-27 Net assets without donor restrictionsStart of year $1,422,070$1,323,533
X-32 Total net assets or fund balancesStart of year $1,422,070$1,323,533
X-33 Total liabilities and net assetsStart of year $1,622,026$1,327,159
Part XI · Reconciliation of net assets $1,323,533 net assets at year end
XI-1 Total revenue$308,293
XI-2 Total expenses$186,470
XI-3 Revenue less expenses$121,823
XI-4 Net assets at start of year$1,422,070
XI-5 Net unrealized gains (losses) on investments−$220,360
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,323,533

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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