Collar Works INC

Tax-deductible

Troy, NY501(c)(3)Since 2012Human ServicesEIN 45-4523238Revenue $240K in FY2024

On file with the IRScollarworks.orgPo Box 1682, 12181-1682 · Troy, NYTax-exempt since Jan 2016Publicly supported charity — 170(b)(1)(A)(vi)

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We support emerging and under-represented artists by exhibiting challenging and culturally relevant contemporary artwork.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 25 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
2 of 2
filings with a surplus
Average surplus $294K a year · 66% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12K
to officers and key staff · 7% of spending
Top officer’s pay lower than 95% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $35K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$599K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
+29% vs prior year
Spent
$181K
To programs
74%
Net assets
$833K
By yearFY2020–FY2024
Revenue
$240K
FY2024▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$111K
FY2021$116K
FY2022$138K
FY2023$707K
FY2024$186K
FY2024$240K
Expenses
$181K
FY2024▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$181K
FY2024$124K
FY2024$181K
Net assets
$833K
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$21K
FY2021$20K
FY2022$22K
FY2023$587K
FY2024$756K
FY2024$833K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2015-01-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jan 2016.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $134K Management & general 25% · $44K Fundraising 1% · $3K

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; $12K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$11,923Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Elizabeth Dubben’s $12K as Executive Director is at the 5th percentile of top reported officer pay among 2168 $100K–1M human services 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

NameFY2024FY2022FY2021FY2020
Elizabeth Dubben$11,923$21,075$25,155$25,155

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 Collar Works 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

Supports emerging artists creating challenging, culturally relevant work.

Questions for Collar Works INC

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Provided by the organization

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1 program · $134K · in their own filed words · FY2024
01

We support emerging and under-represented artists by exhibiting challenging and culturally relevant contemporary artwork.

$134Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$35K
See all 3 funders →
Grants paid · 2 grants · $33K · 2023–2024
Unitemized GrantFY2024$19,410
Unitemized GrantFY2023$14,030

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$240K
Ln 12
Gifts and grantsLn 1h$155K
Investment incomeLn 3$66K
Fees for servicesLn 2g$19K
Money outPt IX
$181K
Ln 25
Programscol B$134K
Managementcol C$44K
Fundraisingcol D$3K
Owns and owesPt X
$833K
net assets · Ln 32
Cash and savingsLn 1–2$85K
Total assetsLn 16$1.4M
LiabilitiesLn 26$599K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Government grantsLn 1e$50K
Fees for servicesLn 2g$19K
Investment incomeLn 3$66K
Other incomeLn 4–11$525
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$85K
Cash and savings togetherLn 1–2$85K
InvestmentsLn 11–13$651K
Land, buildings, equipmentLn 10c$694K
Other assetsLn 15$0
Total assetsLn 16$1.4M
LiabilitiesLn 26$599K
Net assetsLn 32$833K
OperationsPt I, VI
EmployeesI 53
VolunteersI 625
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 FY24End FY24
Cash and savingsLn 1–2$61K$85K
InvestmentsLn 11–13$602K$651K
Land, buildings, equipmentLn 10c$16K$694K
Total assetsLn 16$756K$1.4M
LiabilitiesLn 26$488$599K
Net assetsLn 32$756K$833K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$19K$19K
Pay of current officers, directors and key staffLn 5$12K$7K$5K
Other salaries and wagesLn 7$39K$39K
Payroll taxesLn 10$5K$5K$508
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$6K$6K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$6K$6K$340
OccupancyLn 16$24K$16K$8K
TravelLn 17$215$215
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$31K$31K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$7K$4K$950$3K
All other expensesLn 24e−$118−$306$188
Total functional expensesLn 25$181K$134K$44K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $186K$124K$62K$756K 990 PDF
FY2023 $707K$181K$526K$587K 990 PDF
FY2022 $138K$22K 990 PDF
FY2021 $116K$20K 990 PDF
FY2020 $111K$21K 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 (6 parts)
Part I · Summary $240,075 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,096$154,866
I-9 Program service revenuePrior year $30,452$18,939
I-10 Investment incomePrior year $13,629$65,745
I-11 Other revenuePrior year $55$525
I-12 Total revenuePrior year $186,232$240,075
I-13 Grants and similar amounts paidPrior year $14,030$19,410
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $42,068$56,177
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $67,807$105,107
I-18 Total expensesPrior year $123,905$180,694
I-19 Revenue less expensesPrior year $62,327$59,381
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $240,075 across 7 lines filed
VIII-1e Government grants$49,500
VIII-1f All other contributions, gifts and grants$105,366
VIII-1h Total contributions, gifts and grants$154,866
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,939$18,939
VIII-3 Investment incomeRelated to mission $65,745$65,745
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $525$525
VIII-12 Total revenueRelated to mission $85,209 · Unrelated business $0 · Excluded from tax $0$240,075
Part IX · Statement of functional expenses $180,694 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $19,410$19,410
IX-5 Pay of current officers, directors and key staffPrograms $6,813 · Management $5,110$11,923
IX-7 Other salaries and wagesPrograms $39,173$39,173
IX-10 Payroll taxesPrograms $4,573 · Management $508$5,081
IX-11b Legal feesManagement $2,369$2,369
IX-11c Accounting feesManagement $6,360$6,360
IX-11f Investment management feesManagement $5,537$5,537
IX-12 Advertising and promotionManagement $6,058$6,058
IX-13 Office expensesPrograms $5,568 · Management $340$5,908
IX-16 OccupancyPrograms $16,068 · Management $8,040$24,108
IX-17 TravelPrograms $215$215
IX-19 Conferences, conventions and meetingsPrograms $4,911$4,911
IX-20 InterestPrograms $30,615$30,615
IX-22 Depreciation, depletion and amortizationPrograms $3,239$3,239
IX-23 InsuranceManagement $8,827$8,827
IX-24 Other expenses (24a–d)Programs $3,525 · Management $950 · Fundraising $2,603$7,078
IX-24e All other expensesPrograms −$306 · Management $188−$118
IX-25 Total functional expensesPrograms $133,804 · Management $44,287 · Fundraising $2,603$180,694
Part X · Balance sheet $1,432,014 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $60,660$85,189
X-9 Prepaid expenses and deferred chargesStart of year $1,363$1,863
X-10c Land, buildings and equipment, netStart of year $15,785$693,522
X-11 Publicly traded securitiesStart of year $602,234$651,440
X-15 Other assetsStart of year $68,330$0
X-16 Total assetsStart of year $756,262$1,432,014
X-17 Accounts payable and accrued expensesStart of year $109$362
X-25 Other liabilitiesStart of year $379$359
X-26 Total liabilitiesStart of year $488$599,251
X-27 Net assets without donor restrictionsStart of year $755,774$832,763
X-32 Total net assets or fund balancesStart of year $755,774$832,763
X-33 Total liabilities and net assetsStart of year $756,262$1,432,014
Part XI · Reconciliation of net assets $832,763 net assets at year end
XI-1 Total revenue$240,075
XI-2 Total expenses$180,694
XI-3 Revenue less expenses$59,381
XI-4 Net assets at start of year$755,774
XI-5 Net unrealized gains (losses) on investments$7,108
XI-6 Donated services and use of facilities$10,500
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$832,763

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

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