Lindenpointe Development Corporation FY2022 filing

Tax-deductible

Hermitage, PA501(c)(3)Community DevelopmentEIN 45-2425023Revenue $536K in FY2022

On file with the IRSecenterlindenpointe.com3580 Innovation Way, 16148-7910 · Hermitage, PATax-exempt since Feb 2012Publicly supported charity — 170(b)(1)(A)(vi)

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Develop and manage a small business incubator to serve the ohio/PA interstate region by providing education, training, mentorship and a network of service providers. The organization will provide hands-on management assistance and orchestrate exposure to critical business or technical support services.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$92K 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

FY2022 · 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
3 of 5
filings with a surplus
Average surplus $56K a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $279K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$44K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$536K
+119% vs prior year
Spent
$476K
To programs
93%
Net assets
$481K
By yearFY2020–FY2024
Revenue
$536K
FY2022▲ +119%
Tap a bar for its year
Revenue by fiscal year
FY2020$419K
FY2021$245K
FY2022$536K
FY2023$384K
FY2024$676K
Expenses
$476K
FY2022▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2020$200K
FY2021$316K
FY2022$476K
FY2023$465K
FY2024$523K
Net assets
$481K
FY2022▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$493K
FY2021$422K
FY2022$481K
FY2023$395K
FY2024$548K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Feb 2012.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $440K Management & general 7% · $35K Fundraising 0% · $200

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

9 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$92,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Bradley T Calleja’s $38K as Executive Director Eff 8/24 is at the 20th percentile of top reported officer pay among 1709 $100K–1M community development 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

NameFY2024FY2023FY2022FY2021
Jeff Meier—$92,000$92,000$115,000
Bradley T Calleja$38,333———

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.

See Lindenpointe Development Corporation 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 15aYes

Programs and updates

Nurtures new businesses with education, training, mentorship, and support services.

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Provided by the organization

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1 program · $440K · in their own filed words · FY2022
01

To provide a supportive environment, including infrastructure, education, training, mentorship and a network of service providers, that will help entrepreneurs and existing businesses of western pennsylvania and eastern ohio achieve success by encouraging innovation, commercialization of new ideas, job creation and sustainable businesses…

$440Kprogram 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
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$536K
Ln 12
Gifts and grantsLn 1h$422K
Fees for servicesLn 2g$115K
Investment incomeLn 3$245
Money outPt IX
$476K
Ln 25
Programscol B$440K
Managementcol C$35K
Fundraisingcol D$200
Owns and owesPt X
$481K
net assets · Ln 32
Cash and savingsLn 1–2$478K
Total assetsLn 16$525K
LiabilitiesLn 26$44K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$422K
Government grantsLn 1e$194K
Fees for servicesLn 2g$115K
Investment incomeLn 3$245
Gains on assetsLn 7$61
Total revenueLn 12$536K
Assets in detailPt X, end of year
CashLn 1$478K
Cash and savings togetherLn 1–2$478K
InvestmentsLn 11–13$30K
Total assetsLn 16$525K
LiabilitiesLn 26$44K
Net assetsLn 32$481K
OperationsPt I, VI
EmployeesI 55
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$407K$478K
InvestmentsLn 11–13$30K$30K
Total assetsLn 16$444K$525K
LiabilitiesLn 26$22K$44K
Net assetsLn 32$422K$481K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$92K$83K$9K
Other salaries and wagesLn 7$96K$87K$10K
Payroll taxesLn 10$15K$14K$2K
Accounting feesLn 11c$15K$15K
Investment management feesLn 11f$76$76
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$4K$4K$200
Information technologyLn 14$16K$16K
TravelLn 17$530$530
Conferences, conventions and meetingsLn 19$16K$16K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$213K$213K
All other expensesLn 24e$44$44
Total functional expensesLn 25$476K$440K$35K$200

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $676K$523K$153K$548K 990 PDF
FY2023 $384K$465K−$81K$395K 990 PDF
FY2022 Viewing $536K$476K$61K$481K 990 PDF
FY2021 $245K$316K−$71K$422K 990 PDF
FY2020 $419K$200K$220K$493K 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 FY2022 990 (6 parts)
Part I · Summary $536,450 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $130,064$421,604
I-9 Program service revenuePrior year $114,657$114,601
I-10 Investment incomePrior year $474$245
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $245,195$536,450
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 $230,431$203,290
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $85,764$272,565
I-18 Total expensesPrior year $316,195$475,855
I-19 Revenue less expensesPrior year −$71,000$60,595
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $536,450 across 7 lines filed
VIII-1e Government grants$193,690
VIII-1f All other contributions, gifts and grants$227,914
VIII-1h Total contributions, gifts and grants$421,604
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $114,601$114,601
VIII-3 Investment incomeExcluded from tax $184$184
VIII-7 Net gain or loss on sales of assetsExcluded from tax $61$61
VIII-12 Total revenueRelated to mission $114,601 · Unrelated business $0 · Excluded from tax $245$536,450
Part IX · Statement of functional expenses $475,855 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $82,800 · Management $9,200$92,000
IX-7 Other salaries and wagesPrograms $86,599 · Management $9,622$96,221
IX-10 Payroll taxesPrograms $13,562 · Management $1,507$15,069
IX-11c Accounting feesManagement $14,802$14,802
IX-11f Investment management feesManagement $76$76
IX-11g Other fees for servicesPrograms $1,174$1,174
IX-12 Advertising and promotionPrograms $5,364$5,364
IX-13 Office expensesPrograms $3,699 · Fundraising $200$3,899
IX-14 Information technologyPrograms $15,578$15,578
IX-17 TravelPrograms $530$530
IX-19 Conferences, conventions and meetingsPrograms $16,300$16,300
IX-23 InsurancePrograms $1,728$1,728
IX-24 Other expenses (24a–d)Programs $213,070$213,070
IX-24e All other expensesManagement $44$44
IX-25 Total functional expensesPrograms $440,404 · Management $35,251 · Fundraising $200$475,855
Part X · Balance sheet $524,774 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $407,046$478,368
X-4 Accounts receivableStart of year $6,513$16,406
X-12 Other securitiesStart of year $30,000$30,000
X-16 Total assetsStart of year $443,559$524,774
X-17 Accounts payable and accrued expensesStart of year $1,298$23,117
X-19 Deferred revenueStart of year $20,500$20,500
X-26 Total liabilitiesStart of year $21,798$43,617
X-27 Net assets without donor restrictionsStart of year $336,761$396,157
X-28 Net assets with donor restrictionsStart of year $85,000$85,000
X-32 Total net assets or fund balancesStart of year $421,761$481,157
X-33 Total liabilities and net assetsStart of year $443,559$524,774
Part XI · Reconciliation of net assets $481,157 net assets at year end
XI-1 Total revenue$536,450
XI-2 Total expenses$475,855
XI-3 Revenue less expenses$60,595
XI-4 Net assets at start of year$421,761
XI-5 Net unrealized gains (losses) on investments−$1,199
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$481,157

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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