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Excell Partners INC

Tax-deductible

Rochester, NY501(c)(3)Community Development EIN 20-1862628Revenue $1.4M in FY2025

On file with the IRSexcellny.com3300 Monroe Ave Ste 319, 14618-4617 · Rochester, NYTax-exempt since Aug 2017Publicly supported charity — 170(b)(1)(A)(vi)

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To provide financial support, education, management support and networking connections to technology-based start-up companies emerging from the communities, universities and research centers across upstate new york.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $87K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Plus $4.0M in investments, Pt X · Ln 11–13
Looks good: 15.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$204K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+42% vs prior year
Spent
$1.1M
To programs
0%
Net assets
$5.3M
By yearFY2021–FY2025
Revenue
$1.4M
FY2025▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$845K
FY2023$948K
FY2024$1.0M
FY2025$1.4M
Expenses
$1.1M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021$785K
FY2022$973K
FY2023$1.1M
FY2024$997K
FY2025$1.1M
Net assets
$5.3M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2021$5.0M
FY2022$4.8M
FY2023$4.7M
FY2024$4.7M
FY2025$5.3M

From the FY2025 Form 990 (year ending June 2025) · 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: FY2025. IRS ruling in Aug 2017.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $1.1M

Form 990 Part IX, line 25. 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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Peter Robinson
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Yoram Katz
Current Chief Executive Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Excell Partners 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

Supports tech startups with funding, education, and networking in Upstate New York.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Provide financial support to technology based start-ups in the form of equity and convertible notes, to be used for entity formation, business plans, market assessment, recruitment and technology development. Provide educational and management support, as well as connections to early stage venture capital firms.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
The Ralph C Wilson JR FoundationFY2024$250K
Total grants receivedfrom 1 funder$250K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Other incomeLn 4–11$970K
Gifts and grantsLn 1h$438K
Investment incomeLn 3$30K
Money outPt IX
$1.1M
Ln 25
Managementcol C$1.1M
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$5.5M
LiabilitiesLn 26$204K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$438K
Government grantsLn 1e$438K
Investment incomeLn 3$30K
Other incomeLn 4–11$970K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$4.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$134K
Total assetsLn 16$5.5M
LiabilitiesLn 26$204K
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$509K$1.3M
InvestmentsLn 11–13$3.7M$4.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$4.8M$5.5M
LiabilitiesLn 26$73K$204K
Net assetsLn 32$4.7M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$102K$102K
Other employee benefitsLn 9$173K$173K
Management feesLn 11a$704K$704K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$15K$15K
Office expensesLn 13$19K$19K
OccupancyLn 16$14K$14K
TravelLn 17$25K$25K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$1.1M$0$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.4M$1.1M$370K$5.3M 990 PDF
FY2024 $1.0M$997K$18K$4.7M 990 PDF
FY2023 $948K$1.1M−$115K$4.7M 990 PDF
FY2022 $845K$973K−$128K$4.8M 990 PDF
FY2021 $1.1M$785K$292K$5.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,437,243 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $206,817$437,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $29,036$29,993
I-11 Other revenuePrior year $778,630$969,750
I-12 Total revenuePrior year $1,014,483$1,437,243
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 $56,276$274,373
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $940,371$793,118
I-18 Total expensesPrior year $996,647$1,067,491
I-19 Revenue less expensesPrior year $17,836$369,752
Part VI · Governance 9 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
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 $1,437,243 across 5 lines filed
VIII-1e Government grants$437,500
VIII-1h Total contributions, gifts and grants$437,500
VIII-3 Investment incomeRelated to mission $29,993$29,993
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $969,750$969,750
VIII-12 Total revenueRelated to mission $999,743 · Unrelated business $0 · Excluded from tax $0$1,437,243
Part IX · Statement of functional expenses $1,067,491 across 10 lines filed
IX-7 Other salaries and wagesManagement $101,746$101,746
IX-9 Other employee benefitsManagement $172,627$172,627
IX-11a Management feesManagement $703,974$703,974
IX-11b Legal feesManagement $4,464$4,464
IX-11c Accounting feesManagement $15,000$15,000
IX-13 Office expensesManagement $19,242$19,242
IX-16 OccupancyManagement $14,500$14,500
IX-17 TravelManagement $25,235$25,235
IX-23 InsuranceManagement $2,165$2,165
IX-24 Other expenses (24a–d)Management $8,538$8,538
IX-25 Total functional expensesPrograms $0 · Management $1,067,491 · Fundraising $0$1,067,491
Part X · Balance sheet $5,494,257 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $45,000$35,000
X-2 Savings and temporary cash investmentsStart of year $464,421$1,295,787
X-4 Accounts receivableStart of year $6,000$54,000
X-9 Prepaid expenses and deferred charges$10,500
X-10c Land, buildings and equipment, netStart of year $0$0
X-13 Program-related investmentsStart of year $3,721,869$3,964,734
X-15 Other assetsStart of year $385,715$134,236
X-16 Total assetsStart of year $4,750,613$5,494,257
X-17 Accounts payable and accrued expensesStart of year $73,310$141,837
X-19 Deferred revenue$62,500
X-26 Total liabilitiesStart of year $73,310$204,337
X-27 Net assets without donor restrictionsStart of year $4,677,303$5,289,920
X-32 Total net assets or fund balancesStart of year $4,677,303$5,289,920
X-33 Total liabilities and net assetsStart of year $4,750,613$5,494,257
Part XI · Reconciliation of net assets $5,289,920 net assets at year end
XI-1 Total revenue$1,437,243
XI-2 Total expenses$1,067,491
XI-3 Revenue less expenses$369,752
XI-4 Net assets at start of year$4,677,303
XI-5 Net unrealized gains (losses) on investments$246,501
XI-9 Other changes in net assets−$3,636
XI-10 Net assets at end of year$5,289,920

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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