Downtown Amherst Foundation: Nonprofit Profile, Financials & Form 990 (EIN 84-3052133)

Revenue by fiscal year
FY2020	$318K
FY2022	$876K
FY2023	$658K
FY2024	$503K
FY2025	$375K

Expenses by fiscal year
FY2020	$273K
FY2022	$274K
FY2023	$543K
FY2024	$454K
FY2025	$494K

Net assets by fiscal year
FY2020	$45K
FY2022	$718K
FY2023	$833K
FY2024	$882K
FY2025	$763K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2020.

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

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $482K Management & general 2% · $8K Fundraising 1% · $4K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Gabrielle Gould

President

$0Pt VII · Sec A

Antonios Maroulis

President Emeritus

$0Pt VII · Sec A

John Kuhn

Vice President

$0Pt VII · Sec A

Susan Bain Bellak

Treasurer

$0Pt VII · Sec A

Clare Bertrand

Secretary

$0Pt VII · Sec A

Yasmin Eisenhauer

Director

$0Pt VII · Sec A

Amy Gates

Director

$0Pt VII · Sec A

Jon Niedzielski

Director

$0Pt VII · Sec A

See Downtown Amherst Foundation 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 15aNo

Programs and updates

Enriching downtown Amherst with culture, beauty, and programs for a vibrant community.

Questions for Downtown Amherst Foundation

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Provided by the organization

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1 program · $482K · in their own filed words · FY2024

01

Building and creating culture, beauty and programming in downtown amherst to ensure a thriving, beautiful and diverse cultural college community.

$482Kprogram 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

Trustees of Amherst CollegeFY2024$25K

Peoplesbank Charitable Foundation INCFY2024$5K

The Newby FoundationFY2024$1K

Total grants receivedfrom 3 funders$31K

See all 3 funders →

Grants paid · 25 grants · $157K · 2019–2019

Individual RecipientFY2019$10,000

Bistro 63FY2019$10,000

Individual RecipientFY2019$8,675

Sunset Grill & PizzaFY2019$7,500

Individual RecipientFY2019$7,500

Sibie'sFY2019$7,500

Individual RecipientFY2019$7,500

Individual RecipientFY2019$7,000

Individual RecipientFY2019$6,000

Individual RecipientFY2019$5,000

Kaiju LLCFY2019$5,000

Moan and DoveFY2019$5,000

Hope & FeathersFY2019$5,000

See all 25 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$375K

Ln 12

Fees for servicesLn 2g$280K

Gifts and grantsLn 1h$94K

Investment incomeLn 3$764

Money outPt IX

$494K

Ln 25

Programscol B$482K

Managementcol C$8K

Fundraisingcol D$4K

Owns and owesPt X

$763K

net assets · Ln 32

Cash and savingsLn 1–2$197K

Total assetsLn 16$770K

LiabilitiesLn 26$7K

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$94K

Fees for servicesLn 2g$280K

Investment incomeLn 3$764

Total revenueLn 12$375K

Assets in detailPt X, end of year

CashLn 1$197K

Cash and savings togetherLn 1–2$197K

Land, buildings, equipmentLn 10c$433K

Other assetsLn 15$68K

Total assetsLn 16$770K

LiabilitiesLn 26$7K

Net assetsLn 32$763K

OperationsPt I, VI

EmployeesI 515

VolunteersI 613

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$190K	$197K
Land, buildings, equipmentLn 10c	$490K	$433K
Total assetsLn 16	$885K	$770K
LiabilitiesLn 26	$2K	$7K
Net assetsLn 32	$882K	$763K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$117K	$117K
Payroll taxesLn 10	$47K	$47K
Accounting feesLn 11c	$5K		$5K
Advertising and promotionLn 12	$28K	$24K		$4K
Office expensesLn 13	$3K		$3K
OccupancyLn 16	$22K	$22K
Depreciation, depletion and amortizationLn 22	$62K	$62K
InsuranceLn 23	$17K	$16K	$556
Other expenses (24a–d)Ln 24	$187K	$187K
All other expensesLn 24e	$7K	$7K
Total functional expensesLn 25	$494K	$482K	$8K	$4K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$375K	$494K	−$119K	$763K	990 PDF
FY2024	$503K	$454K	$49K	$882K	990 PDF
FY2023	$658K	$543K	$115K	$833K	990 PDF
FY2022	$876K	$274K	$602K	$718K	990 PDF
FY2021	Not on file
FY2020	$318K	$273K	$45K	$45K	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 FY2025 990 (6 parts)

Part I · Summary $374,771 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $229,826$94,476

I-9 Program service revenuePrior year $271,842$279,531

I-10 Investment incomePrior year $1,488$764

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $503,156$374,771

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 $156,130$163,135

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $298,112$330,872

I-18 Total expensesPrior year $454,242$494,007

I-19 Revenue less expensesPrior year $48,914−$119,236

Part VI · Governance 13 of 13 board members independent, 2 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue $374,771 across 5 lines filed

VIII-1f All other contributions, gifts and grants$94,476

VIII-1h Total contributions, gifts and grants$94,476

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $279,531$279,531

VIII-3 Investment incomeExcluded from tax $764$764

VIII-12 Total revenueRelated to mission $279,531 · Unrelated business $0 · Excluded from tax $764$374,771

Part IX · Statement of functional expenses $494,007 across 10 lines filed

IX-7 Other salaries and wagesPrograms $116,533$116,533

IX-10 Payroll taxesPrograms $46,602$46,602

IX-11c Accounting feesManagement $5,000$5,000

IX-12 Advertising and promotionPrograms $23,840 · Fundraising $4,157$27,997

IX-13 Office expensesManagement $2,600$2,600

IX-16 OccupancyPrograms $22,500$22,500

IX-22 Depreciation, depletion and amortizationPrograms $62,417$62,417

IX-23 InsurancePrograms $16,035 · Management $556$16,591

IX-24 Other expenses (24a–d)Programs $187,250$187,250

IX-24e All other expensesPrograms $6,517$6,517

IX-25 Total functional expensesPrograms $481,694 · Management $8,156 · Fundraising $4,157$494,007

Part X · Balance sheet $769,678 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $189,792$197,128

X-3 Pledges and grants receivableStart of year $103,125$60,625

X-9 Prepaid expenses and deferred chargesStart of year $11,638$11,152

X-10c Land, buildings and equipment, netStart of year $490,190$433,273

X-15 Other assetsStart of year $90,000$67,500

X-16 Total assetsStart of year $884,745$769,678

X-17 Accounts payable and accrued expensesStart of year $2,457$6,626

X-26 Total liabilitiesStart of year $2,457$6,626

X-27 Net assets without donor restrictionsStart of year $882,288$763,052

X-32 Total net assets or fund balancesStart of year $882,288$763,052

X-33 Total liabilities and net assetsStart of year $884,745$769,678

Part XI · Reconciliation of net assets $763,052 net assets at year end

XI-1 Total revenue$374,771

XI-2 Total expenses$494,007

XI-3 Revenue less expenses−$119,236

XI-4 Net assets at start of year$882,288

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$763,052

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Downtown Amherst Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Downtown Amherst Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV