Cds Monarch INC FY2021 filing

Tax-deductible

Webster, NY501(c)(3)Since 1977Human ServicesEIN 16-1089115Revenue $52.1M in FY2021

On file with the IRScdsmonarch.org860 Hard Rd, 14580-8825 · Webster, NYTax-exempt since Jan 1978Publicly supported charity — 170(b)(1)(A)(vi)

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Cds Monarch assists people with intellectual and developmental disabilities to live and thrive in their communities by delivering high-quality, personalized life planning and transition support.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$250K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
5 of 5
filings with a surplus
Average surplus $1.9M a year · 3% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$250K
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $52K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17.3M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$52.1M
+12% vs prior year
Spent
$50.3M
To programs
90%
Net assets
$30.7M
By yearFY2020–FY2024
Revenue
$52.1M
FY2021▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$46.5M
FY2021$52.1M
FY2022$62.5M
FY2023$54.7M
FY2024$58.8M
Expenses
$50.3M
FY2021▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$42.9M
FY2021$50.3M
FY2022$61.2M
FY2023$54.6M
FY2024$56.1M
Net assets
$30.7M
FY2021▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$28.7M
FY2021$30.7M
FY2022$32.3M
FY2023$32.5M
FY2024$34.6M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1978.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $45.0M Management & general 10% · $5.3M

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; $250K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President of Operations
$109,783Pt VII · Sec A
Direct Support Specialist
$103,812Pt VII · Sec A
$36,297Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Joan Chambers’s $166K as Direct Support Professiona is at the 28th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Andrew Sewnauth———$36,297$217,144
Joan Chambers$166,423—$152,780$103,812—
Lucas Miller$147,231$143,821$143,336——
Velma Jean Handy$141,193————
Velma Handy—$133,630$137,259——
James Garofalo——$136,465——
Brenda Williams—$115,553$134,609——
Detoya McCoy$133,326————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Helps people with disabilities live and thrive by providing personalized life planning and transition support.

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Provided by the organization

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3 programs · $35.1M · in their own filed words · FY2021
01

Residential program for developmentally disabled adults provides living, working, and socialization in the community. Number served is 215.

$18.7Mprogram expense
02

Employment programs for developmentally disabled adults provides employment, job training, and placement services. Number served is 156.

$9.5Mprogram expense
03

Day habilitation program for developmentally disabled adults provides life skills, education, training and therapy. Number served is 266.

$7.0Mprogram 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 · FY2024
SourceamericaFY2024$12K
Total grants receivedfrom 3 funders$52K
See all 3 funders →
Grants paid · 9 grants · $7.7M · 2020–2024
Cds Life Transitions INCNY · FY2024$56,000
Cds Wolf Foundation INCNY · FY2024$46,744
Cds Life Transitions INCNY · FY2023$175,100
Cds Wolf Foundation INCNY · FY2023$36,431
Cds Wolf Foundation INCNY · FY2022$1,256,781
Cds Wolf Foundation INCNY · FY2021$5,562,642
Cds Wolf Foundation INCNY · FY2020$564,462

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$52.1M
Ln 12
Fees for servicesLn 2g$45.5M
Gifts and grantsLn 1h$6.1M
Other incomeLn 4–11$293K
Money outPt IX
$50.3M
Ln 25
Programscol B$45.0M
Managementcol C$5.3M
Owns and owesPt X
$30.7M
net assets · Ln 32
Cash and savingsLn 1–2$11.6M
Total assetsLn 16$48.0M
LiabilitiesLn 26$17.3M
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.1M
Government grantsLn 1e$5.0M
Fees for servicesLn 2g$45.5M
Investment incomeLn 3$212K
Other incomeLn 4–11$293K
Total revenueLn 12$52.1M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$11.6M
Cash and savings togetherLn 1–2$11.6M
Land, buildings, equipmentLn 10c$13.2M
Other assetsLn 15$5.2M
Total assetsLn 16$48.0M
LiabilitiesLn 26$17.3M
Net assetsLn 32$30.7M
OperationsPt I, VI
EmployeesI 5727
VolunteersI 68
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 FY21End FY21
Cash and savingsLn 1–2$9.4M$11.6M
Land, buildings, equipmentLn 10c$14.8M$13.2M
Total assetsLn 16$45.5M$48.0M
LiabilitiesLn 26$16.8M$17.3M
Net assetsLn 32$28.7M$30.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.6M$5.6M
Other salaries and wagesLn 7$19.3M$18.7M$566K
Pension plan contributionsLn 8$503K$492K$11K
Other employee benefitsLn 9$2.7M$2.7M$63K
Payroll taxesLn 10$2.2M$2.2M$33K
Management feesLn 11a$4.8M$669K$4.1M
Legal feesLn 11b$49K$49K
Accounting feesLn 11c$48K$7K$40K
Other fees for servicesLn 11g$319K$214K$105K
Office expensesLn 13$484K$464K$20K
OccupancyLn 16$1.9M$1.8M$66K
TravelLn 17$112K$111K$926
InterestLn 20$298K$231K$68K
Depreciation, depletion and amortizationLn 22$1.3M$1.2M$96K
InsuranceLn 23$212K$207K$5K
Other expenses (24a–d)Ln 24$10.4M$10.4M$30K
All other expensesLn 24e$199K$164K$35K
Total functional expensesLn 25$50.3M$45.0M$5.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $58.8M$56.1M$2.7M$34.6M 990 PDF
FY2023 $54.7M$54.6M$110K$32.5M 990 PDF
FY2022 $62.5M$61.2M$1.3M$32.3M 990 PDF
FY2021 Viewing $52.1M$50.3M$1.8M$30.7M 990 PDF
FY2020 $46.5M$42.9M$3.6M$28.7M 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 FY2021 990 (6 parts)
Part I · Summary $52,074,503 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $758,940$6,074,180
I-9 Program service revenuePrior year $44,456,123$45,495,175
I-10 Investment incomePrior year $640,381$212,214
I-11 Other revenuePrior year $678,279$292,934
I-12 Total revenuePrior year $46,533,723$52,074,503
I-13 Grants and similar amounts paidPrior year $600,836$5,567,965
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $23,655,523$24,698,530
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $18,658,524$20,057,360
I-18 Total expensesPrior year $42,914,883$50,323,855
I-19 Revenue less expensesPrior year $3,618,840$1,750,648
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $52,074,503 across 8 lines filed
Lines not itemized here account for $1,173,723 of total revenue; see the IRS return.
VIII-1d Related organizations$971,018
VIII-1e Government grants$5,028,122
VIII-1f All other contributions, gifts and grants$75,040
VIII-1h Total contributions, gifts and grants$6,074,180
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $44,321,452$44,321,452
VIII-3 Investment incomeExcluded from tax $212,214$212,214
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $404 · Excluded from tax $292,530$292,934
VIII-12 Total revenueRelated to mission $45,495,579 · Unrelated business $0 · Excluded from tax $504,744$52,074,503
Part IX · Statement of functional expenses $50,323,855 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $5,567,965$5,567,965
IX-7 Other salaries and wagesPrograms $18,696,533 · Management $566,407$19,262,940
IX-8 Pension plan contributionsPrograms $492,063 · Management $10,848$502,911
IX-9 Other employee benefitsPrograms $2,685,571 · Management $62,681$2,748,252
IX-10 Payroll taxesPrograms $2,151,718 · Management $32,709$2,184,427
IX-11a Management feesPrograms $668,785 · Management $4,093,731$4,762,516
IX-11b Legal feesManagement $48,538$48,538
IX-11c Accounting feesPrograms $7,429 · Management $40,500$47,929
IX-11g Other fees for servicesPrograms $213,872 · Management $105,425$319,297
IX-13 Office expensesPrograms $463,868 · Management $20,208$484,076
IX-16 OccupancyPrograms $1,792,842 · Management $66,286$1,859,128
IX-17 TravelPrograms $111,319 · Management $926$112,245
IX-20 InterestPrograms $230,916 · Management $67,510$298,426
IX-22 Depreciation, depletion and amortizationPrograms $1,203,165 · Management $96,131$1,299,296
IX-23 InsurancePrograms $207,037 · Management $4,852$211,889
IX-24 Other expenses (24a–d)Programs $10,385,147 · Management $30,115$10,415,262
IX-24e All other expensesPrograms $163,669 · Management $35,089$198,758
IX-25 Total functional expensesPrograms $45,041,899 · Management $5,281,956 · Fundraising $0$50,323,855
Part X · Balance sheet $48,021,600 assets, 16 lines filed
Asset lines not itemized here account for $11,892,244; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,849$4,869
X-2 Savings and temporary cash investmentsStart of year $9,444,477$11,560,135
X-4 Accounts receivableStart of year $3,856,830$4,328,914
X-8 Inventories for sale or useStart of year $1,302,365$1,309,238
X-9 Prepaid expenses and deferred chargesStart of year $845,971$595,485
X-10c Land, buildings and equipment, netStart of year $14,827,504$13,164,350
X-15 Other assetsStart of year $3,349,982$5,166,365
X-16 Total assetsStart of year $45,534,842$48,021,600
X-17 Accounts payable and accrued expensesStart of year $4,069,160$5,052,344
X-19 Deferred revenueStart of year $758,000$1,135,999
X-20 Tax-exempt bond liabilitiesStart of year $4,180,000$3,590,000
X-25 Other liabilitiesStart of year $3,148,688$3,752,987
X-26 Total liabilitiesStart of year $16,822,882$17,336,986
X-27 Net assets without donor restrictionsStart of year $28,711,960$30,684,614
X-32 Total net assets or fund balancesStart of year $28,711,960$30,684,614
X-33 Total liabilities and net assetsStart of year $45,534,842$48,021,600
Part XI · Reconciliation of net assets $30,684,614 net assets at year end
XI-1 Total revenue$52,074,503
XI-2 Total expenses$50,323,855
XI-3 Revenue less expenses$1,750,648
XI-4 Net assets at start of year$28,711,960
XI-9 Other changes in net assets$222,006
XI-10 Net assets at end of year$30,684,614

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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