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Downtown Syracuse Foundation INC

Tax-deductible

Syracuse, NY501(c)(3)Community Development EIN 45-5419583Revenue $329K in FY2024

On file with the IRSdowntownsyracuse.com/donate115 W Fayette St, 13202-1305 · Syracuse, NYTax-exempt since Aug 2012Publicly supported charity — 170(b)(1)(A)(vi)

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To conduct research, identify best policies and practices, secure resources and implement programs and projects to support the revitalization of Downtown Syracuse.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 70 volunteers.
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
1 of 3
filings with a surplus
Average surplus $231 a year · under 1% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$299K
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$329K
+86% vs prior year
Spent
$330K
To programs
94%
Net assets
$299K
By yearFY2020–FY2024
Revenue
$329K
FY2024▲ +86%
Tap a bar for its year
Revenue by fiscal year
FY2020$100K
FY2021$71K
FY2022$407K
FY2023$177K
FY2024$329K
Expenses
$330K
FY2024▲ +78%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$398K
FY2023$185K
FY2024$330K
Net assets
$299K
FY2024-0.1%
Tap a bar for its year
Net assets by fiscal year
FY2020$300K
FY2021$298K
FY2022$307K
FY2023$299K
FY2024$299K

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 Aug 2012.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $309K Management & general 6% · $20K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Merike Treier
President/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Lindsay Weichert
Vice Chair/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Downtown Syracuse Foundation 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 15aYes

Programs and updates

Revitalizes downtown Syracuse by researching, funding, and implementing best practices and projects.

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Provided by the organization

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2 programs · $309K · in their own filed words · FY2024
01

To conduct research, identify best policies and practices, secure resources and implement programs and projects to support the revitalization of downtown syracuse.

$286Kprogram expense
02

Flower Basket Campaign

To ensure that downtown syracuse is attractive, clean and accessible.

$24Kprogram 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
Cny Arts INCFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 14 grants · $290K · 2022–2022
Syracuse Jazzfest Production INCNY · FY2022$125,000
Syracuse Hibernian Festival CorporationFY2022$20,000
Operation Northern Comfort INCNY · FY2022$20,000
Central New York Jazz Arts Foundation INCNY · FY2022$20,000
Downtown Committee of Syracuse INCNY · FY2022$20,000
St John the Baptist Ukranian Catholic ChurchFY2022$13,200
Polish Scholarship Fund INCNY · FY2022$12,750
Mountain Goat Run Foundation INCNY · FY2022$10,000
Festival Latino Americano INCNY · FY2022$10,000
La Festa Italiana INCNY · FY2022$10,000
Juneteeth INCNY · FY2022$8,000
Pride Community Center of CnyNY · FY2022$8,000
Jubilee Homes of Syracuse INCNY · FY2022$7,000
Westcott Area Cultural Coalition INCNY · FY2022$6,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$329K
Ln 12
Gifts and grantsLn 1h$283K
Fees for servicesLn 2g$36K
Investment incomeLn 3$10K
Money outPt IX
$330K
Ln 25
Programscol B$309K
Managementcol C$20K
Owns and owesPt X
$299K
net assets · Ln 32
Cash and savingsLn 1–2$433K
Total assetsLn 16$598K
LiabilitiesLn 26$299K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$283K
Government grantsLn 1e$204K
Fees for servicesLn 2g$36K
Investment incomeLn 3$10K
Total revenueLn 12$329K
Assets in detailPt X, end of year
CashLn 1$69K
SavingsLn 2$364K
Cash and savings togetherLn 1–2$433K
Other assetsLn 15$8K
Total assetsLn 16$598K
LiabilitiesLn 26$299K
Net assetsLn 32$299K
OperationsPt I, VI
EmployeesI 50
VolunteersI 670
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 FY24End FY24
Cash and savingsLn 1–2$432K$433K
Total assetsLn 16$481K$598K
LiabilitiesLn 26$182K$299K
Net assetsLn 32$299K$299K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$376$65$311
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$325K$309K$15K
Total functional expensesLn 25$330K$309K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $329K$330K−$349$299K 990 PDF
FY2023 $177K$185K−$8K$299K 990 PDF
FY2022 $407K$398K$9K$307K 990 PDF
FY2021 $71K$298K 990 PDF
FY2020 $100K$300K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $329,189 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $137,420$283,040
I-9 Program service revenuePrior year $35,705$35,750
I-10 Investment incomePrior year $4,014$10,399
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $177,139$329,189
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $185,081$329,538
I-18 Total expensesPrior year $185,081$329,538
I-19 Revenue less expensesPrior year −$7,942−$349
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $329,189 across 6 lines filed
VIII-1e Government grants$204,251
VIII-1f All other contributions, gifts and grants$78,789
VIII-1h Total contributions, gifts and grants$283,040
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,750$35,750
VIII-3 Investment incomeExcluded from tax $10,399$10,399
VIII-12 Total revenueRelated to mission $35,750 · Unrelated business $0 · Excluded from tax $10,399$329,189
Part IX · Statement of functional expenses $329,538 across 4 lines filed
IX-11c Accounting feesManagement $1,650$1,650
IX-13 Office expensesPrograms $65 · Management $311$376
IX-23 InsuranceManagement $2,739$2,739
IX-24 Other expenses (24a–d)Programs $309,363 · Management $15,410$324,773
IX-25 Total functional expensesPrograms $309,428 · Management $20,110 · Fundraising $0$329,538
Part X · Balance sheet $598,259 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $27,692$68,629
X-2 Savings and temporary cash investmentsStart of year $404,014$364,413
X-3 Pledges and grants receivableStart of year $38,079$120,060
X-4 Accounts receivableStart of year $4,608$34,438
X-9 Prepaid expenses and deferred chargesStart of year $2,265$2,369
X-15 Other assetsStart of year $4,135$8,350
X-16 Total assetsStart of year $480,793$598,259
X-17 Accounts payable and accrued expensesStart of year $22,070$42,334
X-19 Deferred revenueStart of year $152,109$250,180
X-25 Other liabilitiesStart of year $7,366$6,846
X-26 Total liabilitiesStart of year $181,545$299,360
X-27 Net assets without donor restrictionsStart of year $299,248$298,899
X-32 Total net assets or fund balancesStart of year $299,248$298,899
X-33 Total liabilities and net assetsStart of year $480,793$598,259
Part XI · Reconciliation of net assets $298,899 net assets at year end
XI-1 Total revenue$329,189
XI-2 Total expenses$329,538
XI-3 Revenue less expenses−$349
XI-4 Net assets at start of year$299,248
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$298,899

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

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