Partnership for Community Development Ltd FY2023 filing

Tax-deductible

Hamilton, NY501(c)(3)Foundations & GrantmakersEIN 16-1572206Revenue $611K in FY2023

On file with the IRSthisishamiltonny.com18 Utica St Ste 101, 13346-1171 · Hamilton, NYTax-exempt since Mar 2000Publicly supported charity — 170(b)(1)(A)(vi)

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To enhance the economic and Community vitality of the area of the town/village of hamilton, NY. During 2020, Partnership for Community Development focused its efforts in the following areas (1) marketing and Development, (2) economic Development, (3)micro-assistance grant program, (4)housing, (5)dogpark and (6) covid-19 assistance

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 $48K a year · 8% 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
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $74K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$611K
-27% vs prior year
Spent
$605K
To programs
65%
Net assets
$572K
By yearFY2020–FY2024
Revenue
$611K
FY2023▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$507K
FY2021$461K
FY2022$836K
FY2023$611K
FY2024$491K
Expenses
$605K
FY2023▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$495K
FY2021$386K
FY2022$733K
FY2023$605K
FY2024$446K
Net assets
$572K
FY2023▲ +1.0%
Tap a bar for its year
Net assets by fiscal year
FY2020$389K
FY2021$464K
FY2022$566K
FY2023$572K
FY2024$617K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Mar 2000.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $394K Management & general 35% · $211K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Dana Krueger’s $40K as Director is at the 36th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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 · 4 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Jennifer M Lutter———$59,429
Jocelyn Gavitt—$52,615——
Dana Krueger$39,548———
Jennifer Lutter——$27,337—

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Boosts local economy and community life through development, grants, housing, and COVID-19 aid.

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Provided by the organization

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1 program · $394K · in their own filed words · FY2023
01

Helped existing businesses thrive by providing economic development grants and loans, and conducted courses and workshops for local businesses including the monthly entrepreneur meetings. Improved the local housing stock by seeking and administering local, state and federal home rehabilition grants.

$394Kprogram 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
Total grants receivedfrom 1 funder$74K
Grants paid · 13 grants · $823K · 2020–2023
Town of HamiltonFY2023$45,000
Individual RecipientFY2022$408,858
Individual RecipientFY2021$65,314
Pcd Small Business Fund GrantsFY2021$11,851
Individual RecipientFY2021$8,682
Individual RecipientFY2021$6,935
Cost of Goods Sold - OtherFY2021$6,903
Pcd Small Business Fund GrantsFY2020$104,793
Individual RecipientFY2020$51,342
Mou Exp Mou- Poolville Community CFY2020$27,633
Individual RecipientFY2020$18,740
Incubator Covid-19 ExpenseFY2020$5,753

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$611K
Ln 12
Gifts and grantsLn 1h$566K
Fees for servicesLn 2g$30K
Investment incomeLn 3$14K
Money outPt IX
$605K
Ln 25
Programscol B$394K
Managementcol C$211K
Owns and owesPt X
$572K
net assets · Ln 32
Cash and savingsLn 1–2$171K
Total assetsLn 16$582K
LiabilitiesLn 26$11K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$566K
Government grantsLn 1e$301K
Fees for servicesLn 2g$30K
Investment incomeLn 3$14K
Total revenueLn 12$611K
Assets in detailPt X, end of year
CashLn 1$171K
Cash and savings togetherLn 1–2$171K
InvestmentsLn 11–13$338K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$582K
LiabilitiesLn 26$11K
Net assetsLn 32$572K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$200K$171K
InvestmentsLn 11–13$250K$338K
Land, buildings, equipmentLn 10c$4K$1K
Total assetsLn 16$576K$582K
LiabilitiesLn 26$10K$11K
Net assetsLn 32$566K$572K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$145K$145K
Other salaries and wagesLn 7$241K$87K$154K$0
Other employee benefitsLn 9$43K$31K$12K$0
Payroll taxesLn 10$19K$6K$13K$0
Accounting feesLn 11c$8K$0$8K$0
Other fees for servicesLn 11g$69K$67K$3K$0
Advertising and promotionLn 12$11K$11K$0$0
Office expensesLn 13$7K$1K$6K$0
OccupancyLn 16$4K$0$4K$0
TravelLn 17$1K$960$259$0
Depreciation, depletion and amortizationLn 22$2K$0$2K$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$51K$45K$6K$0
Total functional expensesLn 25$605K$394K$211K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $491K$446K$45K$617K 990 PDF
FY2023 Viewing $611K$605K$6K$572K 990 PDF
FY2022 $836K$733K$103K$566K 990 PDF
FY2021 $461K$386K$75K$464K 990 PDF
FY2020 $507K$495K$12K$389K 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 FY2023 990 (6 parts)
Part I · Summary $610,863 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $828,668$566,432
I-9 Program service revenuePrior year $4,636$30,471
I-10 Investment incomePrior year $2,199$13,960
I-11 Other revenue$0
I-12 Total revenuePrior year $835,503$610,863
I-13 Grants and similar amounts paidPrior year $412,615$145,395
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $243,827$302,842
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $76,531$157,045
I-18 Total expensesPrior year $732,973$605,282
I-19 Revenue less expensesPrior year $102,530$5,581
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-2 Family or business relationship among officers or directorsYes
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 $610,863 across 6 lines filed
VIII-1e Government grants$301,021
VIII-1f All other contributions, gifts and grants$265,411
VIII-1h Total contributions, gifts and grants$566,432
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$30,471
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $13,960$13,960
VIII-12 Total revenueRelated to mission $30,471 · Unrelated business $0 · Excluded from tax $13,960$610,863
Part IX · Statement of functional expenses $605,282 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $145,395$145,395
IX-7 Other salaries and wagesPrograms $87,222 · Management $153,919 · Fundraising $0$241,141
IX-9 Other employee benefitsPrograms $30,666 · Management $12,162 · Fundraising $0$42,828
IX-10 Payroll taxesPrograms $5,838 · Management $13,035 · Fundraising $0$18,873
IX-11c Accounting feesPrograms $0 · Management $8,450 · Fundraising $0$8,450
IX-11g Other fees for servicesPrograms $66,576 · Management $2,687 · Fundraising $0$69,263
IX-12 Advertising and promotionPrograms $11,184 · Management $0 · Fundraising $0$11,184
IX-13 Office expensesPrograms $1,247 · Management $5,966 · Fundraising $0$7,213
IX-16 OccupancyPrograms $0 · Management $3,600 · Fundraising $0$3,600
IX-17 TravelPrograms $960 · Management $259 · Fundraising $0$1,219
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $2,348 · Fundraising $0$2,348
IX-23 InsurancePrograms $0 · Management $2,598 · Fundraising $0$2,598
IX-24 Other expenses (24a–d)Programs $45,355 · Management $5,815 · Fundraising $0$51,170
IX-25 Total functional expensesPrograms $394,443 · Management $210,839 · Fundraising $0$605,282
Part X · Balance sheet $582,292 assets, 9 lines filed
Asset lines not itemized here account for $72,011; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $199,918$170,838
X-10c Land, buildings and equipment, netStart of year $3,706$1,358
X-11 Publicly traded securitiesStart of year $250,195$338,085
X-16 Total assetsStart of year $575,782$582,292
X-17 Accounts payable and accrued expensesStart of year $9,739$10,668
X-26 Total liabilitiesStart of year $9,739$10,668
X-27 Net assets without donor restrictionsStart of year $517,146$571,624
X-32 Total net assets or fund balancesStart of year $566,043$571,624
X-33 Total liabilities and net assetsStart of year $575,782$582,292
Part XI · Reconciliation of net assets $571,624 net assets at year end
XI-1 Total revenue$610,863
XI-2 Total expenses$605,282
XI-3 Revenue less expenses$5,581
XI-4 Net assets at start of year$566,043
XI-10 Net assets at end of year$571,624

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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