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Nonprofiteer
← CENTERSTATE CEO FOUNDATION INC

Form 990 for tax year 2022

Filed by CENTERSTATE CEO FOUNDATION INC.

Totals

Total revenue
$232,388
Total expenses
$254,806
Contributions and grants received
$232,388
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,983,596
Total liabilities, end of year
$817,905
Net assets or fund balances, end of year
$1,165,691
Program services expenses (Part IX)
$254,806
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$254,806

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $232,388

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $5,065 · program services $5,065

  • 11g · Fees: other

    total $16,933 · program services $16,933

  • 13 · Office expenses

    total $550 · program services $550

  • 17 · Travel

    total $190 · program services $190

  • 23 · Insurance

    total $4,009 · program services $4,009

  • 24a · Other expenses: PROGRAM EXPENSE

    total $227,709 · program services $227,709

  • 24b · Other expenses: NYS FILING FEE

    total $350 · program services $350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $546,149 · end of year $911,562

  • 2 · Savings and temporary cash investments

    beginning of year $10,476 · end of year $10,477

  • 4 · Accounts receivable

    beginning of year $0 · end of year $500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,512 · end of year $1,619

  • 13 · Investments: program-related

    beginning of year $484,577 · end of year $577,177

  • 15 · Other assets

    beginning of year $482,261 · end of year $482,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,101 · end of year $7,632

  • 19 · Deferred revenue

    beginning of year $144,677 · end of year $330,252

  • 25 · Other liabilities

    beginning of year $281,689 · end of year $480,021

  • 27 · Net assets without donor restrictions

    beginning of year $658,532 · end of year $728,715

  • 28 · Net assets with donor restrictions

    beginning of year $436,976 · end of year $436,976

Mission and programs · 2022

Mission

TO PROMOTE CENTRAL NEW YORK AS A FAVORABLE BUSINESS CLIMATE.

Activities or mission (Part I)

TO PROMOTE CENTRAL NEW YORK AS A FAVORABLE BUSINESS ENVIRONMENT.

  • THE GERMINATOR (FORMERLY KNOWN AS START-UP LABS) IS OPEN TO ALL START-UP AND SMALL BUSINESSES WITHIN THE 12- COUNTY CENTRAL UPSTATE NEW YORK REGION WITH LESS THAN $5 MILLION IN ANNUAL REVENUE.

    Expenses $254,806 · Revenue $232,388

As filed on the 2022 return.

Listed in Part VII

  • NATHAN ANDREWS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VICKI BRACKENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EVELYN INGRAM

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARGARET O'CONNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELANIE LITTLEJOHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVE NUTTING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY PENIX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID SCHNECKENBURGER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SIMPSON

    PRESIDENT

    Total calculated
    $409,017
    From this org
    $0
    From related orgs
    $340,735
    Other
    $68,282
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,467 related
    Bonus
    $0
    Other
    $0 + $5,268 related
    Deferred
    $0 + $33,590 related
    Nontaxable benefits
    $0 + $34,692 related
    Filer's total
    $0 + $409,017 related

  • GAIL COWLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN CROSSETT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MANTOSH DEWAN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL NASH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIMBERLY TOWNSEND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES REED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN HUHTALA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SOMAK CHATTOPADHYAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID MANKIEWICZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KIMBERLY BOYNTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ADRIENNE JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN FOURNIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC MOWER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS SCHNEIDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIK SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMY LAWLER

    SVP OF FINANCE

    Total calculated
    $99,105
    From this org
    $0
    From related orgs
    $87,344
    Other
    $11,761
    Hours/week
    1 + 40 related

  • LORI DIETZ

    SVP OF ADMINISTRATION & HUMAN CAPITAL

    Total calculated
    $132,595
    From this org
    $0
    From related orgs
    $116,502
    Other
    $16,093
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANZATION REQUIRES BOARD/COMPENSATION COMMITTEE APPROVAL OF SALARIES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
27 June 2023
IRS schema version
2022v5.0
Source object
202331919349301263

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