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Blake Annex INC FY2023 filing

Tax-deductible

Albany, NY501(c)(3)Since 2021Community DevelopmentEIN 87-1007976Revenue $580K in FY2023

On file with the IRStheblakeannex.org1 Steuben Place, 12207-2107 · Albany, NYTax-exempt since Nov 2022Publicly supported — 509(a)(2)

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In addition to the dynamic and inspiring workplace experience, the Blake Annex will break down silos, increase efficiency and capacity, inspire thought leadership, drive creative collisions, and elevate the critical role nonprofits play in building strong communities.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
1 of 4
filings with a surplus
Average deficit $188K a year · 44% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.2M
108% of total assets
Concern: liabilities are 108% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$580K
+109% vs prior year
Spent
$921K
To programs
71%
Net assets
−$310K
By yearFY2021–FY2024
Revenue
$580K
FY2023▲ +109%
Tap a bar for its year
Revenue by fiscal year
FY2021$376K
FY2022$277K
FY2023$580K
FY2024$486K
FY2024$448K
Expenses
$921K
FY2023▲ +92%
Tap a bar for its year
Expenses by fiscal year
FY2021$140K
FY2022$481K
FY2023$921K
FY2024$929K
FY2024$914K
Net assets
−$310K
FY2023▼ -1074%
Tap a bar for its year
Net assets by fiscal year
FY2021$236K
FY2022$32K
FY2023−$310K
FY2024−$752K
FY2024−$1.2M

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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 Nov 2022.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $656K Management & general 29% · $265K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Carm Basile
Board Chair
$0Pt VII · Sec A
John Kearney
Secretary
$0Pt VII · Sec A
David Demarco
Treasurer
$0Pt VII · Sec A
Ryan Case
Board Member
$0Pt VII · Sec A
Brian O'Grady
Board Member
$0Pt VII · Sec A
Brian Sano
Board Member
$0Pt VII · Sec A
Marcia Cognetta
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Blake Annex 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 15aNo

Programs and updates

Provides shared workspace and resources to help nonprofits collaborate and grow in urban areas.

Questions for Blake Annex INC

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Provided by the organization

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1 program · $656K · in their own filed words · FY2022
01

An impact-driven coworking community for capital region non-profits to share services and collaborate to create and develop a unique coworking space focused on providing coworking sites as well as educational opportunities, advancement, and support for individuals and companies in the not-for-profit and tax-exempt sectors to stimulate…

$656Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$580K
Ln 12
Fees for servicesLn 2g$575K
Gifts and grantsLn 1h$5K
Money outPt IX
$921K
Ln 25
Programscol B$656K
Managementcol C$265K
Owns and owesPt X
−$310K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$3.9M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$575K
Total revenueLn 12$580K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Land, buildings, equipmentLn 10c$192K
Other assetsLn 15$3.7M
Total assetsLn 16$3.9M
LiabilitiesLn 26$4.2M
Net assetsLn 32−$310K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$85K$20K
Land, buildings, equipmentLn 10c$216K$192K
Total assetsLn 16$313K$3.9M
LiabilitiesLn 26$281K$4.2M
Net assetsLn 32$32K−$310K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$397K$283K$114K
Advertising and promotionLn 12$4K$3K$1K
Office expensesLn 13$22K$15K$6K
OccupancyLn 16$426K$304K$123K
InterestLn 20$2K$2K$635
Depreciation, depletion and amortizationLn 22$34K$24K$10K
InsuranceLn 23$2K$2K$615
Other expenses (24a–d)Ln 24$35K$25K$10K
Total functional expensesLn 25$921K$656K$265K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $486K$929K−$442K−$752K 990 PDF
FY2023 Viewing $580K$921K−$342K−$310K 990 PDF
FY2022 $277K$481K−$204K$32K 990 PDF
FY2021 $376K$140K$236K$236K 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 FY2023 990 (6 parts)
Part I · Summary $579,653 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$5,000
I-9 Program service revenuePrior year $276,798$574,653
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $276,798$579,653
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $481,016$921,423
I-18 Total expensesPrior year $481,016$921,423
I-19 Revenue less expensesPrior year −$204,218−$341,770
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $579,653 across 4 lines filed
Lines not itemized here account for $2,705 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$5,000
VIII-1h Total contributions, gifts and grants$5,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $571,948$571,948
VIII-12 Total revenueRelated to mission $574,653 · Unrelated business $0 · Excluded from tax $0$579,653
Part IX · Statement of functional expenses $921,423 across 8 lines filed
IX-11a Management feesPrograms $282,864 · Management $114,211$397,075
IX-12 Advertising and promotionPrograms $2,540 · Management $1,025$3,565
IX-13 Office expensesPrograms $15,352 · Management $6,199$21,551
IX-16 OccupancyPrograms $303,559 · Management $122,567$426,126
IX-20 InterestPrograms $1,573 · Management $635$2,208
IX-22 Depreciation, depletion and amortizationPrograms $24,264 · Management $9,797$34,061
IX-23 InsurancePrograms $1,522 · Management $615$2,137
IX-24 Other expenses (24a–d)Programs $24,719 · Management $9,981$34,700
IX-25 Total functional expensesPrograms $656,393 · Management $265,030 · Fundraising $0$921,423
Part X · Balance sheet $3,913,184 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $85,454$20,336
X-4 Accounts receivableStart of year $11,244$22,104
X-10c Land, buildings and equipment, netStart of year $216,467$192,312
X-15 Other assetsStart of year $0$3,678,432
X-16 Total assetsStart of year $313,165$3,913,184
X-17 Accounts payable and accrued expensesStart of year $12,468$53,195
X-18 Grants payable$302,183
X-19 Deferred revenueStart of year $37,100$31,404
X-25 Other liabilitiesStart of year $231,770$3,836,345
X-26 Total liabilitiesStart of year $281,338$4,223,127
X-27 Net assets without donor restrictionsStart of year $31,827−$309,943
X-32 Total net assets or fund balancesStart of year $31,827−$309,943
X-33 Total liabilities and net assetsStart of year $313,165$3,913,184
Part XI · Reconciliation of net assets −$309,943 net assets at year end
XI-1 Total revenue$579,653
XI-2 Total expenses$921,423
XI-3 Revenue less expenses−$341,770
XI-4 Net assets at start of year$31,827
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$309,943

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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