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Hancock Partners INC

Tax-deductible

Hancock, NY501(c)(3)Recreation & SportsEIN 30-0234982

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To promote economic and social growth of the greater Hancock, new york area.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
0 of 5
filings with a surplus
Average deficit $41K a year · 43% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $65K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$85K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$112K
+25% vs prior year
Spent
$157K
To programs
64%
Net assets
$445K
By yearFY2020–FY2024
Revenue
$112K
FY2024▲ +25%
Revenue by fiscal year
FY2020$79K
FY2021$113K
FY2022$88K
FY2023$90K
FY2024$112K
Expenses
$157K
FY2024▲ +0.6%
Expenses by fiscal year
FY2020$96K
FY2021$150K
FY2022$130K
FY2023$156K
FY2024$157K
Net assets
$445K
FY2024▼ -9%
Net assets by fiscal year
FY2020$637K
FY2021$598K
FY2022$556K
FY2023$490K
FY2024$445K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2006.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $100K Management & general 36% · $57K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Mike Argiros
President
$0Pt VII · Sec A
Chris Gross
Vice-President
$0Pt VII · Sec A
Jeff Skelding
Secretary
$0Pt VII · Sec A
Russell Bass
Treasurer
$0Pt VII · Sec A
Jerry Dabrescia
Member at Large
$0Pt VII · Sec A
Dawn Joyce
Member at Large
$0Pt VII · Sec A
Chris Dubois
Member at Large
$0Pt VII · Sec A
Ronald Schaefer
Member at Large
$0Pt VII · Sec A
See Hancock 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 15aNo

Programs and updates

Boosts economic and social growth in the Greater Hancock, New York area.

Provided by the organization

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2 program services account for $100K of program spending, described in the organization's own filed words · FY2024.
01

To increase private and public investment in the community, reduce vacant storefronts, make local business more profitable, and make hancock more appealing to live and shop.

$100Kprogram expense
02

To introduce and solicit participation in a program to help hancock become a place that attracts people, businesses, and tourists.

Pt IX · col B

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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
George a and Margaret Mee Charitable Foundation INCFY2024$60K
Charles L Read FoundationFY2024$5K
Total grants receivedfrom 2 funders$65K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$112K
Ln 12
Gifts and grantsLn 1h$104K
Fees for servicesLn 2g$6K
Investment incomeLn 3$2K
Money outPt IX
$157K
Ln 25
Programscol B$100K
Managementcol C$57K
Owns and owesPt X
$445K
net assets · Ln 32
Cash and savingsLn 1–2$86K
Total assetsLn 16$530K
LiabilitiesLn 26$85K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$104K
Government grantsLn 1e$22K
Fees for servicesLn 2g$6K
Investment incomeLn 3$2K
Other incomeLn 4–11$39
Total revenueLn 12$112K
Assets in detailPt X, end of year
CashLn 1$86K
Cash and savings togetherLn 1–2$86K
Land, buildings, equipmentLn 10c$442K
Other assetsLn 15$31
Total assetsLn 16$530K
LiabilitiesLn 26$85K
Net assetsLn 32$445K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$90K$86K
Land, buildings, equipmentLn 10c$485K$442K
Total assetsLn 16$576K$530K
LiabilitiesLn 26$86K$85K
Net assetsLn 32$490K$445K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$44K$44K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$13K$13K
Advertising and promotionLn 12$6K$6K
Depreciation, depletion and amortizationLn 22$43K$43K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$42K$42K
All other expensesLn 24e$2K$1K$301
Total functional expensesLn 25$157K$100K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $112K$157K−$44K$445K 990 PDF
FY2023 $90K$156K−$66K$490K 990 PDF
FY2022 $88K$130K−$43K$556K 990 PDF
FY2021 $113K$150K−$36K$598K 990 PDF
FY2020 $79K$96K−$17K$637K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $112,449 across 7 lines filed
VIII-1e Government grants$22,400
VIII-1f All other contributions, gifts and grants$81,742
VIII-1h Total contributions, gifts and grants$104,142
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,984$5,984
VIII-3 Investment incomeExcluded from tax $2,284$2,284
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $39$39
VIII-12 Total revenueRelated to mission $6,023 · Unrelated business $0 · Excluded from tax $2,284$112,449
Part IX · Statement of functional expenses $156,788 across 8 lines filed
IX-11a Management feesManagement $44,167$44,167
IX-11c Accounting feesManagement $1,675$1,675
IX-11g Other fees for servicesPrograms $13,289$13,289
IX-12 Advertising and promotionManagement $5,822$5,822
IX-22 Depreciation, depletion and amortizationPrograms $43,093$43,093
IX-23 InsuranceManagement $5,092$5,092
IX-24 Other expenses (24a–d)Programs $41,945$41,945
IX-24e All other expensesPrograms $1,404 · Management $301$1,705
IX-25 Total functional expensesPrograms $99,731 · Management $57,057 · Fundraising $0$156,788
Part X · Balance sheet $530,365 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $90,308$85,631
X-3 Pledges and grants receivableStart of year $0$2,525
X-10c Land, buildings and equipment, netStart of year $485,271$442,178
X-15 Other assetsStart of year $0$31
X-16 Total assetsStart of year $575,579$530,365
X-17 Accounts payable and accrued expensesStart of year $875$0
X-19 Deferred revenueStart of year $85,000$85,000
X-26 Total liabilitiesStart of year $85,875$85,000
X-27 Net assets without donor restrictionsStart of year $489,704$445,365
X-32 Total net assets or fund balancesStart of year $489,704$445,365
X-33 Total liabilities and net assetsStart of year $575,579$530,365
Part XI · Reconciliation of net assets $445,365 net assets at year end
XI-1 Total revenue$112,449
XI-2 Total expenses$156,788
XI-3 Revenue less expenses−$44,339
XI-4 Net assets at start of year$489,704
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$445,365

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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