Town Square INC FY2023 filing

Tax-deductible

Brooklyn, NY501(c)(3)Community DevelopmentEIN 56-2489014

Build a vibrant community and enrich the quality of our lives through activities that inspire creativity and imagination, teach respect and cooperation, and celebrate the joy around US

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$40K 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
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
1 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
99%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$40K
to officers and key staff · 25% of spending
Pt VII · Sec A
Do they have reserves?
15 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $100
Funders’ Sch. I, 990-PF
Do they carry debt?
$11K
liabilities
Pt X · Ln 26
Who oversees it?
5
independent of 5 voting board members
Pt VI · Ln 1a–1b
Revenue
$106K
-31% vs prior year
Spent
$157K
To programs
99%
Net assets
$187K
By yearFY2020–FY2024
Revenue
$106K
FY2023▼ -31%
Revenue by fiscal year
FY2020$79K
FY2021$117K
FY2022$153K
FY2023$106K
FY2024$108K
Expenses
$157K
FY2023▼ -13%
Expenses by fiscal year
FY2020$97K
FY2021$126K
FY2022$180K
FY2023$157K
FY2024$102K
Net assets
$187K
FY2023▼ -22%
Net assets by fiscal year
FY2020$274K
FY2021$265K
FY2022$238K
FY2023$187K
FY2024$193K

From the FY2023 Form 990 · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CTown Square INC
EINHdr · item D56-2489014
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2005
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBrooklyn, NY
NTEE classificationIRS BMFCommunity Development (S20)
WebsiteHdr · item Jwww.townsquarebk.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$156K
Management & general1%$859
Total functional expensesLn 25$157K

Financial health

Is it on solid ground?

Program efficiency
99%
of spending reaches programs
Operating runway
16.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-49%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$198K
FY2023▼ -19%
Total assets by fiscal year
FY2020$276K
FY2021$270K
FY2022$244K
FY2023$198K
FY2024$201K
Total liabilities
$11K
FY2023▲ +88%
Total liabilities by fiscal year
FY2020$2K
FY2021$5K
FY2022$6K
FY2023$11K
FY2024$8K
Revenue less expensesPt I · Ln 19−$51K
Total assetsPt X · Ln 16$198K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$198K
Total assetsLn 16$198K
Total liabilitiesLn 26$11K
Total net assetsLn 32$187K
Months of cash on handcomputed15.1

Statement of Revenue

Part VIII
Program service revenue$83K · 79%
Contributions & grants$22K · 21%
Program service revenue79%$83K
Contributions & grants21%$22K
Total revenueLn 12$106K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $198K · Operating expenses (Pt IX) $157K · Less non-cash grants $10K · Cash operating expenses/yr $147K
16.2 months
Where the money goes
Program services
Program services $156K · Total expenses $157K
99%
Management & General
Management & general $859 · Total expenses $157K
0.5%
Fundraising
Fundraising $0 · Total expenses $157K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $27K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $22K · Total revenue $106K
21%
Government reliance
Government grants — · Total revenue $106K
—
Earned-income share
Program service revenue $83K · Total revenue $106K
79%
Investment reliance
Investment income $0 · Total revenue $106K
0%
Program self-sufficiency
Program service revenue $83K · Total expenses $157K
53%
Growth & trend
Revenue growth (YoY)
This year $106K · Prior year $153K
-31%
Net-asset trend (YoY)
End of year $187K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $106K · Expenses $157K
-49%
Liabilities-to-Assets
Total liabilities — · Total assets $198K
—
Net-asset ratio
Net assets $187K · Total assets $198K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $198K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan Anderson · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $40K · Total expenses $157K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $43K · Total expenses $157K
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 0.5%——
Fundraising cost ratio 0%——
Revenue growth -31%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$40,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A

Susan Anderson’s $30K as Executive Director is at the 15th 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susan Anderson$30,000$40,000$60,000$24,000$50,000

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.

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Inspire creativity, teach cooperation, and celebrate joy through community activities.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $156K of program spending, described in the organization's own filed words · FY2023.
01

Town square offers youth, family and community building services and programs that includes community chess, expos for parents, school fairs and workshops, family music and movie programs, environmental festivals and recycling initiatives, and civic events such as spring egg hunt, pumpkin day, childrens halloween parade, and santa brunch…

$156Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$100

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $108K$102K+2% 990 PDF
FY2023 Viewing $106K$157K-31% 990 PDF
FY2022 $153K$180K+31% 990 PDF
FY2021 $117K$126K+48% 990 PDF
FY2020 $79K$97K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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