Presque Isle Partnership INC

Erie, PA · Public charity (501(c)(3)) · Recreation & Sports

✓ Tax-deductible
Revenue
$314K
-3% vs prior year
Spent
$297K
To programs
70%
Net assets
$355K
By yearFY2019–FY2024
Revenue
$314K
FY2024▼ -3%
Revenue by fiscal year
FY2019$422K
FY2020$201K
FY2021$312K
FY2022$237K
FY2023$324K
FY2024$314K
Expenses
$297K
FY2024▲ +8%
Expenses by fiscal year
FY2019$409K
FY2020$224K
FY2021$248K
FY2022$260K
FY2023$274K
FY2024$297K
Net assets
$355K
FY2024▲ +7%
Net assets by fiscal year
FY2019$224K
FY2020$211K
FY2021$288K
FY2022$272K
FY2023$333K
FY2024$355K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CPresque Isle Partnership INC
EINHdr · item D25-1737521
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 1994
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CErie, PA
NTEE classificationIRS BMFRecreation & Sports (N320)
WebsiteHdr · item Jwww.discoverpi.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30
Program services70%$207K
Management & general30%$89K
Total functional expensesLn 25$297K

Financial health

Is it on solid ground?

Program efficiency
70%
of spending reaches programs▲ +80% vs prior filing year
Operating runway
13.7mo
months of highly liquid reserves at operating expense rate▼ -0.7% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▼ -64% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$361K
FY2024▲ +8%
Total assets by fiscal year
FY2019$242K
FY2020$253K
FY2021$305K
FY2022$273K
FY2023$334K
FY2024$361K
Total liabilities
$6K
FY2024▲ +467%
Total liabilities by fiscal year
FY2019$18K
FY2020$43K
FY2021$17K
FY2022$974
FY2023$1K
FY2024$6K
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$361K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 419

Balance Sheet

Part X · end of year
CashLn 1$253K
Total assetsLn 16$361K
Total liabilitiesLn 26$6K
Total net assetsLn 32$355K
Months of cash on handcomputed10.2

Statement of Revenue

Part VIII
Contributions & grants$224K · 71%
Program service revenue$79K · 25%
Investment income$11K · 4%
Contributions & grants71%$224K
Program service revenue25%$79K
Investment income4%$11K
Other revenue$467
— government grantsLn 1e$7K
Total revenueLn 12$314K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $340K · Operating expenses/yr $297K
13.7 months
Where the money goes
Program services
Program services $207K · Total expenses $297K
70%
Management & General
Management & general $89K · Total expenses $297K
30%
Fundraising
Fundraising $0 · Total expenses $297K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $158K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $224K · Total revenue $314K
71%
Government reliance
Government grants $7K · Total revenue $314K
2%
Earned-income share
Program service revenue $79K · Total revenue $314K
25%
Investment reliance
Investment income $11K · Total revenue $314K
+4%
Program self-sufficiency
Program service revenue $79K · Total expenses $297K
27%
Growth & trend
Revenue growth (YoY)
This year $314K · Prior year $324K
-3%
Revenue CAGR
FY2019 $422K · FY2024 $314K
-6%
Net-asset trend (YoY)
End of year $355K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $314K · Expenses $297K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $361K
—
Net-asset ratio
Net assets $355K · Total assets $361K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $87K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $361K
24%
People & payroll
Highest Reported Total Compensation
Individual Jon Demarco · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $74K · Total expenses $297K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $91K · Total expenses $297K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 30%——
Fundraising cost ratio 0%——
Revenue growth -3%——
Investment management fee ratio 0.3%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$74,241Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jon Demarco’s $74K as Executive Director is at the 81st percentile of top reported officer pay among 1016 $100K–1M recreation & sports 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Jon Demarco$74,241$67,427$67,854$63,202$32,521$55,736

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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Governance & Policies

Part VI
  • 20Voting board membersPt VI · Ln 1a
  • 19Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Improves and promotes Presque Isle State Park, offering environmental education.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $207K of program spending, described in the organization's own filed words · FY2024.
01

Park and Special Events.

To promote the enjoyment of presque isle state park through educational and recreational activities.

$127Kprogram expense
02

Park Projects

Improvements and renovations to enhance the quality of presque isle state park for all users.

$80Kprogram expense

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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
Group ReturnFY2024$10K
Total grants receivedfrom 2 funders$56K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $314K$297K-3% 990 PDF
FY2023 $324K$274K+37% 990 PDF
FY2022 $237K$260K-24% 990 PDF
FY2021 $312K$248K+55% 990 PDF
FY2020 $201K$224K-52% 990 PDF
FY2019 $422K$409K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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