Presque Isle Partnership INC FY2020 filing

Tax-deductible

Erie, PA501(c)(3)Recreation & SportsEIN 25-1737521Revenue $201K in FY2020

On file with the IRSdiscoverpi.com301 Peninsula Drive, 16505-2042 · Erie, PATax-exempt since Aug 1994Publicly supported charity — 170(b)(1)(A)(vi)

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To improve and promote Presque Isle state park and to provide environmental education.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
$33K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · 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
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $17K a year · 6% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$33K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $56K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$43K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$201K
-52% vs prior year
Spent
$224K
To programs
55%
Net assets
$211K
By yearFY2019–FY2024
Revenue
$201K
FY2020▼ -52%
Tap a bar for its year
Revenue by fiscal year
FY2019$422K
FY2020$201K
FY2021$312K
FY2022$237K
FY2023$324K
FY2024$314K
Expenses
$224K
FY2020▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2019$409K
FY2020$224K
FY2021$248K
FY2022$260K
FY2023$274K
FY2024$297K
Net assets
$211K
FY2020▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2019$224K
FY2020$211K
FY2021$288K
FY2022$272K
FY2023$333K
FY2024$355K

From the FY2020 Form 990 · see the original

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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 Aug 1994.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $123K Management & general 45% · $101K Fundraising 0% · $670

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

18 people listed on the 990; $33K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$32,521Pt VII · Sec A
Vice-President
$0Pt 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
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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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

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

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Provided by the organization

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3 programs · $123K · in their own filed words · FY2020
01

Park and Special Events.

To promote the enjoyment of Presque Isle State Park through educational and recreational activities.

$73Kprogram expense
02

Nature Shop

To educate and inform about Presque Isle State Park.

$42Kprogram expense
03

Park Projects

Improvements and renovations to enhance the quality of Presque Isle State Park for all users.

$8Kprogram expense

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$201K
Ln 12
Gifts and grantsLn 1h$183K
Fees for servicesLn 2g$56K
Investment incomeLn 3$1K
Money outPt IX
$224K
Ln 25
Programscol B$123K
Managementcol C$101K
Fundraisingcol D$670
Owns and owesPt X
$211K
net assets · Ln 32
Cash and savingsLn 1–2$155K
Total assetsLn 16$253K
LiabilitiesLn 26$43K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$183K
Government grantsLn 1e$23K
Fees for servicesLn 2g$56K
Investment incomeLn 3$1K
Gains on assetsLn 7−$295
Total revenueLn 12$201K
Assets in detailPt X, end of year
CashLn 1$116K
SavingsLn 2$39K
Cash and savings togetherLn 1–2$155K
InvestmentsLn 11–13$90K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$253K
LiabilitiesLn 26$43K
Net assetsLn 32$211K
OperationsPt I, VI
EmployeesI 53
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$45K$155K
InvestmentsLn 11–13$83K$90K
Land, buildings, equipmentLn 10c$23K$6K
Total assetsLn 16$242K$253K
LiabilitiesLn 26$18K$43K
Net assetsLn 32$224K$211K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$33K$13K$19K
Other salaries and wagesLn 7$34K$14K$21K
Other employee benefitsLn 9$10K$3K$7K
Payroll taxesLn 10$7K$3K$4K
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$12K$4K$7K$360
Advertising and promotionLn 12$8K$6K$2K$191
Information technologyLn 14$13K$216$13K
TravelLn 17$3K$3K$376
Depreciation, depletion and amortizationLn 22$10K$2K$8K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$85K$72K$12K$119
All other expensesLn 24e$6K$3K$3K
Total functional expensesLn 25$224K$123K$101K$670

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $314K$297K$18K$355K 990 PDF
FY2023 $324K$274K$50K$333K 990 PDF
FY2022 $237K$260K−$23K$272K 990 PDF
FY2021 $312K$248K$64K$288K 990 PDF
FY2020 Viewing $201K$224K−$23K$211K 990 PDF
FY2019 $422K$409K$14K$224K 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 (6 parts)
Part I · Summary $201,443 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $160,811$183,379
I-9 Program service revenuePrior year $128,845$56,134
I-10 Investment incomePrior year $12,761$1,439
I-11 Other revenuePrior year $120,049−$39,509
I-12 Total revenuePrior year $422,466$201,443
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 $181,468$83,776
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $227,184$140,361
I-18 Total expensesPrior year $408,652$224,137
I-19 Revenue less expensesPrior year $13,814−$22,694
Part VI · Governance 16 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members16
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $201,443 across 8 lines filed
Lines not itemized here account for −$39,509 of total revenue; see the IRS return.
VIII-1b Membership dues$16,417
VIII-1e Government grants$23,151
VIII-1f All other contributions, gifts and grants$143,811
VIII-1h Total contributions, gifts and grants$183,379
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $56,134$56,134
VIII-3 Investment incomeExcluded from tax $1,734$1,734
VIII-7 Net gain or loss on sales of assetsUnrelated business −$2,143 · Excluded from tax $1,848−$295
VIII-12 Total revenueRelated to mission $56,134 · Unrelated business −$41,652 · Excluded from tax $3,582$201,443
Part IX · Statement of functional expenses $224,137 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $13,054 · Management $19,467$32,521
IX-7 Other salaries and wagesPrograms $13,809 · Management $20,594$34,403
IX-9 Other employee benefitsPrograms $2,576 · Management $7,240$9,816
IX-10 Payroll taxesPrograms $3,316 · Management $3,720$7,036
IX-11f Investment management feesManagement $1,059$1,059
IX-11g Other fees for servicesPrograms $4,247 · Management $7,184 · Fundraising $360$11,791
IX-12 Advertising and promotionPrograms $5,588 · Management $1,958 · Fundraising $191$7,737
IX-14 Information technologyPrograms $216 · Management $12,518$12,734
IX-17 TravelPrograms $2,807 · Management $376$3,183
IX-22 Depreciation, depletion and amortizationPrograms $2,200 · Management $7,792$9,992
IX-23 InsuranceManagement $3,742$3,742
IX-24 Other expenses (24a–d)Programs $72,137 · Management $12,336 · Fundraising $119$84,592
IX-24e All other expensesPrograms $2,992 · Management $2,539$5,531
IX-25 Total functional expensesPrograms $122,942 · Management $100,525 · Fundraising $670$224,137
Part X · Balance sheet $253,440 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $9,230$115,863
X-2 Savings and temporary cash investmentsStart of year $35,527$39,327
X-4 Accounts receivableStart of year $8,145$1,500
X-8 Inventories for sale or useStart of year $83,362$0
X-10c Land, buildings and equipment, netStart of year $23,351$6,328
X-11 Publicly traded securitiesStart of year $82,665$90,422
X-16 Total assetsStart of year $242,280$253,440
X-17 Accounts payable and accrued expensesStart of year $13,965$5,902
X-25 Other liabilitiesStart of year $4,064$37,014
X-26 Total liabilitiesStart of year $18,029$42,916
X-27 Net assets without donor restrictionsStart of year $138,724$124,997
X-28 Net assets with donor restrictionsStart of year $85,527$85,527
X-32 Total net assets or fund balancesStart of year $224,251$210,524
X-33 Total liabilities and net assetsStart of year $242,280$253,440
Part XI · Reconciliation of net assets $210,524 net assets at year end
XI-1 Total revenue$201,443
XI-2 Total expenses$224,137
XI-3 Revenue less expenses−$22,694
XI-4 Net assets at start of year$224,251
XI-5 Net unrealized gains (losses) on investments$8,967
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$210,524

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

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