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← RENSSELAER ARC FOUNDATION

Form 990 for tax year 2023

Filed by RENSSELAER ARC FOUNDATION.

Totals

Total revenue
$96,231
Total expenses
$1,757
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$96,231
Other revenue
$0
Total assets, end of year
$625,424
Total liabilities, end of year
$45,401
Net assets or fund balances, end of year
$580,023
Program services expenses (Part IX)
$0
Management and general expenses
$1,382
Fundraising expenses
$375
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $38,475 · excluded $38,475

  • 7a · Gross sales of assets other than inventory

    securities $77,300

  • 7b · Less cost or other basis and sales expenses

    securities $19,544

  • 7c · Gain or loss

    securities $57,756

  • 7d · Net gain or loss

    total $57,756 · excluded $57,756

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $375 · fundraising $375

  • 11f · Fees: investment management

    total $1,382 · management and general $1,382

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,977 · end of year $1,977

  • 11 · Investments: publicly traded securities

    beginning of year $528,224 · end of year $623,447

  • 25 · Other liabilities

    beginning of year $70,026 · end of year $45,401

  • 27 · Net assets without donor restrictions

    beginning of year $460,175 · end of year $580,023

Mission and programs · 2023

Mission

TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES AND INVOLVE IN ACTIVITIES SOLELY FOR THE BENEFIT OF RENSSELAER COUNTY CHAPTER NYSARC, INC.

  • ADMINISTRATION OF FUNDS FOR CHARITABLE PURPOSES FOR THE SOLE BENEFIT OF THE RENSSELAER COUNTY CHAPTER NYSARC, INC.

As filed on the 2023 return.

Listed in Part VII

  • Marty Dunbar

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Peter Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Eileen Marciano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Pattison

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Maureen Kronau

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Edward Spain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Sheeran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harsh Kothari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Mullin

    CEO

    Total calculated
    $196,266
    From this org
    $0
    From related orgs
    $158,177
    Other
    $38,089
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,177 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,633 related
    Nontaxable benefits
    $0 + $28,456 related
    Filer's total
    $0 + $196,266 related

  • Loida Sarabia

    CFO

    Total calculated
    $68,891
    From this org
    $0
    From related orgs
    $63,271
    Other
    $5,620
    Hours/week
    1 + 40 related

  • Barbara Ganey

    INTERIM CFO

    Total calculated
    $67,706
    From this org
    $0
    From related orgs
    $55,355
    Other
    $12,351
    Hours/week
    1 + 20 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

None.

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 1, QUESTION 3
COMPENSATION FOR THE CEO IS SET BY A RELATED ORGANIZATION.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
9 September 2024
IRS schema version
2023v5.1
Source object
202442569349300344

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