Hudson Valley Current INC FY2020 filing

Tax-deductible

Kingston, NY501(c)(3)Community DevelopmentEIN 46-4836595Revenue $441K in FY2020

On file with the IRShudsonvalleycurrent.org630 Broadway, 12401-3604 · Kingston, NYTax-exempt since Jun 2019Publicly supported charity — 170(b)(1)(A)(vi)

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To promote local community building through sustainable economic development and to help feed the need in our community

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$76K 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

FY2020 · 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 5
filings with a surplus
Average deficit $25K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$198K
631% of total assets
Concern: liabilities are 631% of assets; over 80%.
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
$441K
Spent
$544K
To programs
70%
Net assets
−$166K
By yearFY2020–FY2024
Revenue
$441K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$441K
FY2021$353K
FY2022$397K
FY2023$613K
FY2024$584K
Expenses
$544K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$544K
FY2021$288K
FY2022$414K
FY2023$551K
FY2024$716K
Net assets
−$166K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$166K
FY2021−$101K
FY2022−$118K
FY2023−$56K
FY2024−$189K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Jun 2019.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $382K Management & general 28% · $152K Fundraising 2% · $10K

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; $76K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$76,183Pt VII · Sec A
Board President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Christopher Fenichel-Hewitt’s $105K as Executive Director is at the 76th 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

NameFY2024FY2023FY2022FY2021FY2020
Christopher Hewitt——$134,693$61,160$76,183
Christopher Fenichel-Hewitt$105,060$105,021———

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 Hudson Valley Current 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Builds local economies and fights hunger through sustainable development.

Provided by the organization

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3 programs · $382K · in their own filed words · FY2020
01

Cafe and market with portion of proceeds used to help needy people in the community and promote member goods

$233Kprogram expense
02

Monthly publication spotlighting members and local economy

$90Kprogram expense
03

Circulation of local barter credit in the community

$60Kprogram 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 · FY2025
Total grants receivedfrom 2 funders$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$441K
Ln 12
Gifts and grantsLn 1h$385K
Fees for servicesLn 2g$55K
Other incomeLn 4–11$1K
Money outPt IX
$544K
Ln 25
Programscol B$382K
Managementcol C$152K
Fundraisingcol D$10K
Owns and owesPt X
−$166K
net assets · Ln 32
Cash and savingsLn 1–2$602
Total assetsLn 16$31K
LiabilitiesLn 26$198K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$385K
Government grantsLn 1e$24K
Fees for servicesLn 2g$55K
Investment incomeLn 3$502
Other incomeLn 4–11$1K
Total revenueLn 12$441K
Assets in detailPt X, end of year
CashLn 1$602
Cash and savings togetherLn 1–2$602
Land, buildings, equipmentLn 10c$17K
Other assetsLn 15$6K
Total assetsLn 16$31K
LiabilitiesLn 26$198K
Net assetsLn 32−$166K
OperationsPt I, VI
EmployeesI 517
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$7K$602
Land, buildings, equipmentLn 10c$2K$17K
Total assetsLn 16$26K$31K
LiabilitiesLn 26$89K$198K
Net assetsLn 32−$64K−$166K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$76K$42K$25K$9K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$175K$125K$50K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$29K$19K$9K$1K
Management feesLn 11a$0
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$10K$3K$7K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$89K$77K$12K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$8K$7K$1K
Information technologyLn 14$4K$4K$999
RoyaltiesLn 15$0
OccupancyLn 16$36K$15K$21K
TravelLn 17$154$154
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$194$194
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$3K$2K$2K
InsuranceLn 23$4K$2K$2K
Other expenses (24a–d)Ln 24$64K$63K$939
All other expensesLn 24e$791$791
Total functional expensesLn 25$544K$382K$152K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $584K$716K−$132K−$189K 990 PDF
FY2023 $613K$551K$62K−$56K 990 PDF
FY2022 $397K$414K−$17K−$118K 990 PDF
FY2021 $353K$288K$65K−$101K 990 PDF
FY2020 Viewing $441K$544K−$103K−$166K 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 FY2020 990 (6 parts)
Part I · Summary $441,424 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $258,191$384,546
I-9 Program service revenuePrior year $71,308$54,989
I-10 Investment incomePrior year $801$502
I-11 Other revenue$1,387
I-12 Total revenuePrior year $330,300$441,424
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $171,650$280,058
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $180,579$264,085
I-18 Total expensesPrior year $352,229$544,143
I-19 Revenue less expensesPrior year −$21,929−$102,719
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $441,424 across 7 lines filed
VIII-1e Government grants$24,500
VIII-1f All other contributions, gifts and grants$360,046
VIII-1h Total contributions, gifts and grants$384,546
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,989$54,989
VIII-3 Investment incomeRelated to mission $502$502
VIII-6 Net rental income or lossRelated to mission $1,387$1,387
VIII-12 Total revenueRelated to mission $56,878$441,424
Part IX · Statement of functional expenses $544,143 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $42,000 · Management $25,183 · Fundraising $9,000$76,183
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $124,642 · Management $50,434$175,076
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $19,100 · Management $8,667 · Fundraising $1,032$28,799
IX-11a Management fees$0
IX-11b Legal feesManagement $20,837$20,837
IX-11c Accounting feesPrograms $3,000 · Management $6,960$9,960
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $77,074 · Management $12,000$89,074
IX-12 Advertising and promotionPrograms $22,961$22,961
IX-13 Office expensesPrograms $7,301 · Management $1,000$8,301
IX-14 Information technologyPrograms $3,500 · Management $999$4,499
IX-15 Royalties$0
IX-16 OccupancyPrograms $15,000 · Management $21,218$36,218
IX-17 TravelPrograms $154$154
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $194$194
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,633 · Management $1,614$3,247
IX-23 InsurancePrograms $2,076 · Management $2,076$4,152
IX-24 Other expenses (24a–d)Programs $62,758 · Management $939$63,697
IX-24e All other expensesPrograms $791$791
IX-25 Total functional expensesPrograms $381,990 · Management $152,121 · Fundraising $10,032$544,143
Part X · Balance sheet $31,338 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $6,810$602
X-4 Accounts receivableStart of year $16,325$6,488
X-8 Inventories for sale or useStart of year $880$880
X-10c Land, buildings and equipment, netStart of year $1,799$16,935
X-15 Other assetsStart of year $6$6,433
X-16 Total assetsStart of year $25,820$31,338
X-17 Accounts payable and accrued expensesStart of year $3,963$30,467
X-24 Unsecured notes and loans payableStart of year $2,114$39,243
X-25 Other liabilitiesStart of year $83,292$112,400
X-26 Total liabilitiesStart of year $89,369$197,606
X-27 Net assets without donor restrictionsStart of year −$63,549−$166,268
X-32 Total net assets or fund balancesStart of year −$63,549−$166,268
X-33 Total liabilities and net assetsStart of year $25,820$31,338
Part XI · Reconciliation of net assets −$166,268 net assets at year end
XI-1 Total revenue$441,424
XI-2 Total expenses$544,143
XI-3 Revenue less expenses−$102,719
XI-4 Net assets at start of year−$63,549
XI-10 Net assets at end of year−$166,268

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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