The organization exists to engage in a variety of activities to promote the common business interests of its members, in order to improve their Fiscal competitive standing in various lines of business in which they engage. The organization's efforts will help advance the common good for businesses, both large and small, and promote Fiscal responsibility, transparency, and accountability.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$160K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 surplus $12K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$160K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$483K
+13% vs prior year
Spent
$493K
Net assets
$57K
By yearFY2020–FY2024
Revenue
$483K
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$428K
FY2021$632K
FY2022$554K
FY2023$427K
FY2024$483K
Expenses
$493K
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$371K
FY2021$525K
FY2022$649K
FY2023$428K
FY2024$493K
Net assets
$57K
FY2024▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$55K
FY2021$162K
FY2022$68K
FY2023$67K
FY2024$57K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2017.

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

Who runs it and what they're paid

7 people listed on the 990; $160K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & Executive Dire
$159,940Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul D Craney’s $160K as President & Executive Dire is at the 92nd 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
Paul D Craney$159,940$159,940$160,940$153,800$151,000

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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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

Promotes common business interests to improve members' competitive standing and fiscal responsibility.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The organization provided targeted grant funds for purposes that furthered the interest of the organization's members.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $888K · 2020–2024
Citizens for Limited TaxationFY2021$10,000
Ethan Allen InstituteVT · FY2020$8,750
Citizens for Limited TaxationFY2020$5,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$483K
Ln 12
Gifts and grantsLn 1h$483K
Investment incomeLn 3$4
Money outPt IX
$493K
Ln 25
Owns and owesPt X
$57K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$61K
LiabilitiesLn 26$4K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$483K
Investment incomeLn 3$4
Total revenueLn 12$483K
Assets in detailPt X, end of year
CashLn 1$56K
Cash and savings togetherLn 1–2$56K
Other assetsLn 15$2K
Total assetsLn 16$61K
LiabilitiesLn 26$4K
Net assetsLn 32$57K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
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$70K$56K
Total assetsLn 16$70K$61K
LiabilitiesLn 26$3K$4K
Net assetsLn 32$67K$57K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$146K
Pay of current officers, directors and key staffLn 5$173K
Other salaries and wagesLn 7$44K
Pension plan contributionsLn 8$1K
Other employee benefitsLn 9$2K
Payroll taxesLn 10$18K
Legal feesLn 11b$5K
Accounting feesLn 11c$18K
Other fees for servicesLn 11g$9K
Office expensesLn 13$3K
Information technologyLn 14$7K
OccupancyLn 16$13K
TravelLn 17$6K
Conferences, conventions and meetingsLn 19$4K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$39K
All other expensesLn 24e$1K
Total functional expensesLn 25$493K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $483K$493K−$10K$57K 990 PDF
FY2023 $427K$428K−$646$67K 990 PDF
FY2022 $554K$649K−$94K$68K 990 PDF
FY2021 $632K$525K$108K$162K 990 PDF
FY2020 $428K$371K$57K$55K 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 J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $483,314 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $427,177$483,310
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2$4
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $427,179$483,314
I-13 Grants and similar amounts paidPrior year $121,000$146,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $241,198$238,775
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $65,627$108,573
I-18 Total expensesPrior year $427,825$493,348
I-19 Revenue less expensesPrior year −$646−$10,034
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $483,314 across 5 lines filed
VIII-1b Membership dues$439,310
VIII-1f All other contributions, gifts and grants$44,000
VIII-1h Total contributions, gifts and grants$483,310
VIII-3 Investment incomeExcluded from tax $4$4
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4$483,314
Part IX · Statement of functional expenses $493,348 across 17 lines filed
IX-1 Grants to domestic organizations$146,000
IX-5 Pay of current officers, directors and key staff$173,094
IX-7 Other salaries and wages$44,341
IX-8 Pension plan contributions$1,476
IX-9 Other employee benefits$1,676
IX-10 Payroll taxes$18,188
IX-11b Legal fees$5,238
IX-11c Accounting fees$18,416
IX-11g Other fees for services$8,893
IX-13 Office expenses$3,172
IX-14 Information technology$7,442
IX-16 Occupancy$12,754
IX-17 Travel$5,996
IX-19 Conferences, conventions and meetings$4,400
IX-23 Insurance$2,365
IX-24 Other expenses (24a–d)$38,752
IX-24e All other expenses$1,145
IX-25 Total functional expenses$493,348
Part X · Balance sheet $61,237 assets, 8 lines filed
Asset lines not itemized here account for $3,765; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $69,725$55,518
X-15 Other assetsStart of year $0$1,954
X-16 Total assetsStart of year $69,725$61,237
X-24 Unsecured notes and loans payableStart of year $2,556$4,102
X-26 Total liabilitiesStart of year $2,556$4,102
X-27 Net assets without donor restrictionsStart of year $67,169$57,135
X-32 Total net assets or fund balancesStart of year $67,169$57,135
X-33 Total liabilities and net assetsStart of year $69,725$61,237
Part XI · Reconciliation of net assets $57,135 net assets at year end
XI-1 Total revenue$483,314
XI-2 Total expenses$493,348
XI-3 Revenue less expenses−$10,034
XI-4 Net assets at start of year$67,169
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$57,135

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

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