Fiscal Partners INC FY2021 filing

Not tax-deductible

Boston, MA501(c)(6)Community DevelopmentEIN 81-3933113Revenue $632K in FY2021

On file with the IRS31 State Street, 02109-2705 · Boston, MATax-exempt since May 2017

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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.

$154K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · 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
$154K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$958
0.6% of total assets
Looks good: liabilities are 1% 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
$632K
+48% vs prior year
Spent
$525K
Net assets
$162K
By yearFY2020–FY2024
Revenue
$632K
FY2021▲ +48%
Tap a bar for its year
Revenue by fiscal year
FY2020$428K
FY2021$632K
FY2022$554K
FY2023$427K
FY2024$483K
Expenses
$525K
FY2021▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$371K
FY2021$525K
FY2022$649K
FY2023$428K
FY2024$493K
Net assets
$162K
FY2021▲ +197%
Tap a bar for its year
Net assets by fiscal year
FY2020$55K
FY2021$162K
FY2022$68K
FY2023$67K
FY2024$57K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 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; $154K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & Executive Dire
$153,800Pt VII · Sec A
Treasurer and Director
$0Pt VII · Sec A
Clerk and Director
$0Pt VII · Sec A
Chair & Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 · FY2021
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$632K
Ln 12
Gifts and grantsLn 1h$632K
Investment incomeLn 3$5
Money outPt IX
$525K
Ln 25
Owns and owesPt X
$162K
net assets · Ln 32
Cash and savingsLn 1–2$159K
Total assetsLn 16$163K
LiabilitiesLn 26$958
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$632K
Investment incomeLn 3$5
Total revenueLn 12$632K
Assets in detailPt X, end of year
CashLn 1$159K
Cash and savings togetherLn 1–2$159K
Other assetsLn 15$5K
Total assetsLn 16$163K
LiabilitiesLn 26$958
Net assetsLn 32$162K
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 FY21End FY21
Cash and savingsLn 1–2$49K$159K
Total assetsLn 16$56K$163K
LiabilitiesLn 26$908$958
Net assetsLn 32$55K$162K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$228K
Pay of current officers, directors and key staffLn 5$172K
Other salaries and wagesLn 7$49K
Pension plan contributionsLn 8$2K
Payroll taxesLn 10$16K
Legal feesLn 11b$1K
Accounting feesLn 11c$7K
Other fees for servicesLn 11g$6K
Advertising and promotionLn 12$114
Office expensesLn 13$2K
Information technologyLn 14$5K
OccupancyLn 16$28K
TravelLn 17$1K
Conferences, conventions and meetingsLn 19$2K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$3K
Total functional expensesLn 25$525K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $483K$493K−$10K$57K 990 PDF
FY2023 $427K$428K−$646$67K 990 PDF
FY2022 $554K$649K−$94K$68K 990 PDF
FY2021 Viewing $632K$525K$108K$162K 990 PDF
FY2020 $428K$371K$57K$55K 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 FY2021 990 (6 parts)
Part I · Summary $632,156 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $428,218$632,151
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2$5
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $428,220$632,156
I-13 Grants and similar amounts paidPrior year $73,000$227,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $231,204$238,602
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $67,083$58,409
I-18 Total expensesPrior year $371,287$524,511
I-19 Revenue less expensesPrior year $56,933$107,645
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 $632,156 across 5 lines filed
VIII-1b Membership dues$433,648
VIII-1f All other contributions, gifts and grants$198,503
VIII-1h Total contributions, gifts and grants$632,151
VIII-3 Investment incomeExcluded from tax $5$5
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5$632,156
Part IX · Statement of functional expenses $524,511 across 16 lines filed
IX-1 Grants to domestic organizations$227,500
IX-5 Pay of current officers, directors and key staff$172,175
IX-7 Other salaries and wages$48,587
IX-8 Pension plan contributions$1,943
IX-10 Payroll taxes$15,897
IX-11b Legal fees$1,063
IX-11c Accounting fees$6,671
IX-11g Other fees for services$6,015
IX-12 Advertising and promotion$114
IX-13 Office expenses$1,774
IX-14 Information technology$5,374
IX-16 Occupancy$28,050
IX-17 Travel$1,465
IX-19 Conferences, conventions and meetings$1,675
IX-23 Insurance$2,713
IX-24 Other expenses (24a–d)$3,495
IX-25 Total functional expenses$524,511
Part X · Balance sheet $163,234 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $49,167$158,642
X-15 Other assetsStart of year $6,372$4,592
X-16 Total assetsStart of year $55,539$163,234
X-24 Unsecured notes and loans payableStart of year $908$958
X-26 Total liabilitiesStart of year $908$958
X-27 Net assets without donor restrictionsStart of year $54,631$162,276
X-32 Total net assets or fund balancesStart of year $54,631$162,276
X-33 Total liabilities and net assetsStart of year $55,539$163,234
Part XI · Reconciliation of net assets $162,276 net assets at year end
XI-1 Total revenue$632,156
XI-2 Total expenses$524,511
XI-3 Revenue less expenses$107,645
XI-4 Net assets at start of year$54,631
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$162,276

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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