Pals Plus INC EIN 22-3072580

Pals Plus INC FY2023 filing

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Promotes resource sharing and cooperative ventures among member libraries. For fiscal year 2023 it reported $789K in revenue, $911K in expenses, and $492K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Clifton, NJ
Filings
5 on file (2020–2023)
Revenue
$789KFY2023
Expenses
$911K
Net assets
$492K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  22-3072580 Public charity (501(c)(3)) Clifton, NJ
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes resource sharing and cooperative ventures among member libraries.
Leadership
Luca Manna · Executive Director · $104K
Money in and out
$789K revenue, $911K expenses
Bottom line
58% program efficiency
Where the money goes · FY2023
Total revenue
$789K
Pt VIII · Ln 12
Total expenses
$911K
Pt IX · Ln 25
Net assets
$492K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$122K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.42
Program efficiency
58%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$789K
FY2023▼ -6%
Expenses
$911K
FY2023▲ +0.9%
Total assets
$570K
FY2023▼ -17%
Total liabilities
$78K
FY2023▲ +4%
Total revenue
$789K
Pt VIII · Ln 12
Total expenses
$911K
Pt IX · Ln 25
Net assets
$492K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$122K
Total assetsPt X · Ln 16$570K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $529K of program spending, described in the organization's own filed words · FY2023.
01

Computerize the inventory of multiple public libraries in northern NJ for better services to the public

$529Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPals Plus INC
EINHdr · item D22-3072580
Principal addressHdr · item CClifton, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B71Z)
Ruling yearIRS BMFMay 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$104,414Pt VII · Sec A
Network Administrator
$91,316Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Luca Manna’s $107K as Executive Director is at the 86th percentile of top reported officer pay among 1615 $100K–1M education 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Luca Manna$106,502$104,414$102,390$91,382$94,880
James Dwyer$93,142$91,316$89,545$83,890$85,258

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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Statement of Revenue

Part VIII
Contributions & grants$766K · 97%
Investment income$18K · 2%
Program service revenue$6K · 1%
Contributions & grants97%$766K
Investment income2%$18K
Program service revenue1%$6K
Other revenue$15
— government grantsLn 1e$100K
Total revenueLn 12$789K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.42
Program services58%$529K
Management & general42%$382K
Total functional expensesLn 25$911K

Balance Sheet

Part X · end of year
CashLn 1$385K
Total assetsLn 16$570K
Total liabilitiesLn 26$78K
Total net assetsLn 32$492K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $385K · Operating expenses/yr $911K
5.1 months
Where the money goes
Program services
Program services $529K · Total expenses $911K
58%
Management & General
Management & general $382K · Total expenses $911K
42%
Fundraising
Fundraising $0 · Total expenses $911K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $698K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $766K · Total revenue $789K
97%
Government reliance
Government grants $100K · Total revenue $789K
13%
Earned-income share
Program service revenue $6K · Total revenue $789K
0.8%
Investment reliance
Investment income $18K · Total revenue $789K
+2%
Program self-sufficiency
Program service revenue $6K · Total expenses $911K
0.7%
Growth & trend
Revenue growth (YoY)
This year $789K · Prior year $840K
-6%
Net-asset trend (YoY)
End of year $492K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $789K · Expenses $911K
-15%
Liabilities-to-Assets
Total liabilities — · Total assets $570K
Net-asset ratio
Net assets $492K · Total assets $570K
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $570K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Luca Manna · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $104K · Total expenses $911K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $505K · Total expenses $911K
55%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 42%
Fundraising cost ratio 0%
Revenue growth -6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$853K revenue · ⤓ 990 PDF
FY2023$789K revenue · viewing · ⤓ 990 PDF
FY2022$840K revenue · ⤓ 990 PDF
FY2021$813K revenue · ⤓ 990 PDF
FY2020$899K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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