Great Falls Preservation & Development Corp FY2020 filing

Tax-deductible

Paterson, NJ501(c)(3)EIN 22-1949620

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To encourage and advocate for the development of the Great Falls Historic District through the historic preservation revitalization reconstruction and adaptive reuse of historic buildings and natural landmarks; to promote among the citizens of the City of Paterson NJ an interest in historic preservation and the history of industrial Paterson; also to work with the City of Paterson of Paterson in the routine ordinary maintenance of the historic Thomas Rogers Building pursuant to a deed and lease between the City and Great Falls Preservation.

501(c)(3) charity; gifts are tax-deductible.
$36K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · 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
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$36K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$181K
Spent
$182K
To programs
0%
Net assets
$194K
By yearFY2020–FY2024
Revenue
$181K
FY2020
Revenue by fiscal year
FY2020$181K
FY2021$176K
FY2022$169K
FY2023$143K
FY2024$151K
Net assets
$194K
FY2020
Net assets by fiscal year
FY2020$194K
FY2021$115K
FY2022$118K
FY2023$258K
FY2024$265K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Apr 1973.

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

Who runs it and what they're paid

6 people listed on the 990; $36K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director and Secretary
$36,156Pt VII · Sec A
President and Trustee
$0Pt VII · Sec A
Vice President and Trustee
$0Pt VII · Sec A
Treasurer and Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Peggy L Robertson——$31,350$31,625$36,156
Peggy Robertson$31,080$26,400———
Kenneth Jones$25,480$25,480$30,257$30,523—

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 15aYes

Programs and updates

Preserves and revitalizes historic buildings and landmarks, promoting local history and maintaining the Thomas Rogers Building.

Provided by the organization

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3 programs · $182K · in their own filed words · FY2020
01

All revenue and all expenses went to the operation and routine maintenance of the historic Thomas Rogers Building in Paterson New Jersey.

$165Kprogram expense
02

A portion of the expenses in 2020 used in the operation and maintenance of the historic Thomas Rogers Building 17,112 assisted the Paterson Museum which is located on the first floor of the Thomas Rogers Building.

$17Kprogram expense
03

A portion of the expenses in 2020 went toward litigation in the matter of City of Paterson v. Great Falls Preservation and Development Corporation. This litigation was necessary to enforce a deed and lease between the City and GFP.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$181K
Ln 12
Fees for servicesLn 2g$181K
Money outPt IX
$182K
Ln 25
Owns and owesPt X
$194K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$194K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$181K
Gains on assetsLn 7$0
Total revenueLn 12$181K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$0
Cash and savings togetherLn 1–2$2K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$110K
Total assetsLn 16$194K
LiabilitiesLn 26$0
Net assetsLn 32$194K
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3K$2K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$195K$194K
LiabilitiesLn 26$0$0
Net assetsLn 32$195K$194K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$36K$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$31K$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$3K$0$0$0
Payroll taxesLn 10$9K$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$5K$0$0$0
Accounting feesLn 11c$3K$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$3K$0$0$0
Information technologyLn 14$2K$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$833$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$7K$0$0$0
Other expenses (24a–d)Ln 24$65K$0$0$0
All other expensesLn 24e$18K$0$0$0
Total functional expensesLn 25$182K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $151K$265K 990 PDF
FY2023 $143K$258K 990 PDF
FY2022 $169K$118K 990 PDF
FY2021 $176K$115K 990 PDF
FY2020 Viewing $181K$182K−$949$194K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $181,072 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$181,072
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$181,072
Part IX · Statement of functional expenses $182,021 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$36,156
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$31,450
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$2,593
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$9,324
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$4,815
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$2,731
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$2,699
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$2,090
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$833
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$6,548
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$64,808
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$17,974
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$182,021
Part X · Balance sheet $193,850 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $3,356$2,407
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $81,795$81,795
X-15 Other assetsStart of year $109,648$109,648
X-16 Total assetsStart of year $194,799$193,850
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $194,799$193,850
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $194,799$193,850
X-33 Total liabilities and net assetsStart of year $194,799$193,850
Part XI · Reconciliation of net assets $193,850 net assets at year end
XI-1 Total revenue$181,072
XI-2 Total expenses$182,021
XI-3 Revenue less expenses−$949
XI-4 Net assets at start of year$194,799
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$193,850

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

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