Lindenpointe Development Corporation FY2023 filing

Tax-deductible

Hermitage, PA501(c)(3)Community DevelopmentEIN 45-2425023Revenue $384K in FY2023

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.
92¢ 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

FY2023 · 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
92%
of spending
Looks good: 92% 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 · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.6 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
$105K
21% of total assets
Looks good: liabilities are 21% 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
$384K
-29% vs prior year
Spent
$465K
To programs
92%
Net assets
$395K
By yearFY2020–FY2024
Revenue
$384K
FY2023▼ -29%
Tap a bar for its year
Revenue by fiscal year
FY2020$419K
FY2021$245K
FY2022$536K
FY2023$384K
FY2024$676K
Expenses
$465K
FY2023▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$200K
FY2021$316K
FY2022$476K
FY2023$465K
FY2024$523K
Net assets
$395K
FY2023▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$493K
FY2021$422K
FY2022$481K
FY2023$395K
FY2024$548K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

92 cents of each dollar spent went to programs.

Program services 92% · $428K Management & general 8% · $36K Fundraising 0% · $800

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
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$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 · $428K · in their own filed words · FY2023
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…

$428Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$384K
Ln 12
Gifts and grantsLn 1h$247K
Fees for servicesLn 2g$136K
Money outPt IX
$465K
Ln 25
Programscol B$428K
Managementcol C$36K
Fundraisingcol D$800
Owns and owesPt X
$395K
net assets · Ln 32
Cash and savingsLn 1–2$412K
Total assetsLn 16$500K
LiabilitiesLn 26$105K
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$247K
Government grantsLn 1e$56K
Fees for servicesLn 2g$136K
Total revenueLn 12$384K
Assets in detailPt X, end of year
CashLn 1$412K
Cash and savings togetherLn 1–2$412K
InvestmentsLn 11–13$30K
Total assetsLn 16$500K
LiabilitiesLn 26$105K
Net assetsLn 32$395K
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 FY23End FY23
Cash and savingsLn 1–2$478K$412K
InvestmentsLn 11–13$30K$30K
Total assetsLn 16$525K$500K
LiabilitiesLn 26$44K$105K
Net assetsLn 32$481K$395K
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$16K$16K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$8K$7K$800
Information technologyLn 14$18K$18K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$7K$7K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$200K$200K
All other expensesLn 24e$290$224$66
Total functional expensesLn 25$465K$428K$36K$800

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $676K$523K$153K$548K 990 PDF
FY2023 Viewing $384K$465K−$81K$395K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $383,540 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $421,604$247,449
I-9 Program service revenuePrior year $114,601$136,091
I-10 Investment incomePrior year $245$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $536,450$383,540
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 $203,290$203,165
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $272,565$261,769
I-18 Total expensesPrior year $475,855$464,934
I-19 Revenue less expensesPrior year $60,595−$81,394
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 $383,540 across 5 lines filed
VIII-1e Government grants$56,310
VIII-1f All other contributions, gifts and grants$191,139
VIII-1h Total contributions, gifts and grants$247,449
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $136,091$136,091
VIII-12 Total revenueRelated to mission $136,091 · Unrelated business $0 · Excluded from tax $0$383,540
Part IX · Statement of functional expenses $464,934 across 13 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 $86,502 · Management $9,611$96,113
IX-10 Payroll taxesPrograms $13,547 · Management $1,505$15,052
IX-11c Accounting feesManagement $15,921$15,921
IX-11g Other fees for servicesPrograms $2,429$2,429
IX-12 Advertising and promotionPrograms $4,892$4,892
IX-13 Office expensesPrograms $6,806 · Fundraising $800$7,606
IX-14 Information technologyPrograms $18,194$18,194
IX-17 TravelPrograms $1,052$1,052
IX-19 Conferences, conventions and meetingsPrograms $7,187$7,187
IX-23 InsurancePrograms $4,570$4,570
IX-24 Other expenses (24a–d)Programs $199,628$199,628
IX-24e All other expensesPrograms $224 · Management $66$290
IX-25 Total functional expensesPrograms $427,831 · Management $36,303 · Fundraising $800$464,934
Part X · Balance sheet $500,338 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $478,368$411,580
X-4 Accounts receivableStart of year $16,406$58,758
X-12 Other securitiesStart of year $30,000$30,000
X-16 Total assetsStart of year $524,774$500,338
X-17 Accounts payable and accrued expensesStart of year $23,117$25,607
X-19 Deferred revenueStart of year $20,500$79,843
X-26 Total liabilitiesStart of year $43,617$105,450
X-27 Net assets without donor restrictionsStart of year $396,157$309,888
X-28 Net assets with donor restrictionsStart of year $85,000$85,000
X-32 Total net assets or fund balancesStart of year $481,157$394,888
X-33 Total liabilities and net assetsStart of year $524,774$500,338
Part XI · Reconciliation of net assets $394,888 net assets at year end
XI-1 Total revenue$383,540
XI-2 Total expenses$464,934
XI-3 Revenue less expenses−$81,394
XI-4 Net assets at start of year$481,157
XI-8 Prior period adjustments−$4,875
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$394,888

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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