Opportunities for Broome INC

Binghamton, NYUnknown exempt organization EIN 16-0903802Revenue $2.3M in FY2020

On file with the IRSofbonline.org5 West State Street · Binghamton, NY

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To advance the self-sufficiency, well-being, and growth of individuals, families, and communities through human services, education, advocacy, and resources.

89¢ of each $1 spent went to programs.
Run by 3,620 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$148K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
Spent
$2.4M
To programs
89%
Net assets
$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $2.2M Management & general 11% · $271K

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

14 people listed on the 990; $148K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$59,216Pt VII · Sec A
Finance Director
$47,653Pt VII · Sec A
Deputy Director
$41,199Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Opportunities for Broome 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 15aYes

Programs and updates

Empowers people and communities through human services, education, advocacy, and resources.

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Provided by the organization

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3 programs · $1.7M · in their own filed words · FY2020
01

Head Start

Provides comprehensive early childhood development services to disadvantaged preschool children and their families. The organization received in-kind donations of teaching and aide services totaling $182,324 for 2020.

$1.1Mprogram expense
02

Housing

Provides permanent, safe, and affordable housing opportunities for low-income, homeless individuals and families.

$450Kprogram expense
03

Universal Pre-K

Provides quality preschooling to children with the goal of increasing school readiness.

$201Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$385K
Other incomeLn 4–11$54K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.2M
Managementcol C$271K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.9M
Fees for servicesLn 2g$385K
Investment incomeLn 3$295
Other incomeLn 4–11$54K
Gains on assetsLn 7$60
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 63,620
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$496K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$11.1M$0
Total assetsLn 16$11.9M$0
LiabilitiesLn 26$554K$0
Net assetsLn 32$11.4M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$148K$41K$107K
Other salaries and wagesLn 7$1.2M$1.1M$71K
Other employee benefitsLn 9$233K$204K$29K
Payroll taxesLn 10$104K$91K$13K
Other fees for servicesLn 11g$76K$52K$24K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$89K$84K$5K
OccupancyLn 16$186K$174K$12K
TravelLn 17$120$120
Conferences, conventions and meetingsLn 19$10K$10K
InterestLn 20$8K$4K$4K
Depreciation, depletion and amortizationLn 22$189K$189K
InsuranceLn 23$72K$71K$2K
Other expenses (24a–d)Ln 24$111K$107K$4K
All other expensesLn 24e$6K$5K$708
Total functional expensesLn 25$2.4M$2.2M$271K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $2.3M$2.4M−$112K$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,336,949 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,613,626$1,898,037
I-9 Program service revenuePrior year $714,085$384,610
I-10 Investment incomePrior year $909$295
I-11 Other revenuePrior year $39,646$54,007
I-12 Total revenuePrior year $4,368,266$2,336,949
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 $2,956,938$1,699,811
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,574,611$748,674
I-18 Total expensesPrior year $4,531,549$2,448,485
I-19 Revenue less expensesPrior year −$163,283−$111,536
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,336,949 across 9 lines filed
VIII-1e Government grants$1,897,737
VIII-1f All other contributions, gifts and grants$300
VIII-1h Total contributions, gifts and grants$1,898,037
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $384,610$384,610
VIII-3 Investment incomeExcluded from tax $235$235
VIII-7 Net gain or loss on sales of assetsExcluded from tax $60$60
VIII-8 Net income from fundraising eventsExcluded from tax −$4,301−$4,301
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $58,308$58,308
VIII-12 Total revenueRelated to mission $442,918 · Unrelated business $0 · Excluded from tax −$4,006$2,336,949
Part IX · Statement of functional expenses $2,448,485 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $41,199 · Management $106,869$148,068
IX-7 Other salaries and wagesPrograms $1,143,478 · Management $71,092$1,214,570
IX-9 Other employee benefitsPrograms $204,358 · Management $28,573$232,931
IX-10 Payroll taxesPrograms $91,455 · Management $12,787$104,242
IX-11g Other fees for servicesPrograms $51,683 · Management $23,829$75,512
IX-12 Advertising and promotionPrograms $2,030$2,030
IX-13 Office expensesPrograms $84,206 · Management $5,015$89,221
IX-16 OccupancyPrograms $173,974 · Management $12,230$186,204
IX-17 TravelPrograms $120$120
IX-19 Conferences, conventions and meetingsPrograms $10,010$10,010
IX-20 InterestPrograms $3,576 · Management $4,457$8,033
IX-22 Depreciation, depletion and amortizationPrograms $188,621$188,621
IX-23 InsurancePrograms $70,677 · Management $1,515$72,192
IX-24 Other expenses (24a–d)Programs $107,290 · Management $3,616$110,906
IX-24e All other expensesPrograms $5,117 · Management $708$5,825
IX-25 Total functional expensesPrograms $2,177,794 · Management $270,691 · Fundraising $0$2,448,485
Part X · Balance sheet $0 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $414,460$0
X-2 Savings and temporary cash investmentsStart of year $81,786$0
X-3 Pledges and grants receivableStart of year $218,552$0
X-4 Accounts receivableStart of year $43,074$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $28,578$0
X-10c Land, buildings and equipment, netStart of year $11,103,894$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $42,937$0
X-16 Total assetsStart of year $11,946,102$0
X-25 Other liabilitiesStart of year $37,262$0
X-26 Total liabilitiesStart of year $553,989$0
X-27 Net assets without donor restrictionsStart of year $11,299,743$0
X-28 Net assets with donor restrictionsStart of year $92,370$0
X-32 Total net assets or fund balancesStart of year $11,392,113$0
X-33 Total liabilities and net assetsStart of year $11,946,102$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$2,336,949
XI-2 Total expenses$2,448,485
XI-3 Revenue less expenses−$111,536
XI-4 Net assets at start of year$11,392,113
XI-9 Other changes in net assets−$11,280,577
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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