Skip to content
Nonprofiteer
← DOWNTOWN SCHENECTADY IMPROVEMENT CORP

Form 990 for tax year 2025

Filed by DOWNTOWN SCHENECTADY IMPROVEMENT CORP.

Totals

Total revenue
$835,244
Total expenses
$757,071
Contributions and grants received
$343,028
Grants paid
$0
Program service revenue
$487,586
Investment income
$4,630
Other revenue
$0
Total assets, end of year
$771,966
Total liabilities, end of year
$185,262
Net assets or fund balances, end of year
$586,704
Program services expenses (Part IX)
$660,591
Management and general expenses
$58,314
Fundraising expenses
$38,166
Program service expenses (Part III)
$660,591

Program services were 87.3% 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.

  • 1e · Government grants (contributions)

    $300,000

  • 1f · All other contributions, gifts and grants

    $43,028

  • 2a · Program service revenue: ASSESSMENT REVENUE

    total $380,000 · related or exempt $380,000

  • 2b · Program service revenue: TICKET SALES

    total $76,486 · related or exempt $76,486

  • 2c · Program service revenue: LANDSCAPING SERVICES

    total $28,491 · related or exempt $28,491

  • 2d · Program service revenue: OTHER INCOME

    total $2,509 · related or exempt $2,509

  • 2e · Program service revenue: MARKETING PARTICIPATION

    total $100 · related or exempt $100

  • 3 · Investment income

    total $4,630 · excluded $4,630

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $100,447 · program services $55,947 · management and general $33,607 · fundraising $10,893

  • 7 · Other salaries and wages

    total $295,855 · program services $271,285 · management and general $12,605 · fundraising $11,965

  • 8 · Pension plan contributions

    total $5,907 · program services $4,813 · management and general $788 · fundraising $306

  • 9 · Other employee benefits

    total $37,024 · program services $36,754 · fundraising $270

  • 10 · Payroll taxes

    total $57,682 · program services $48,952 · management and general $5,620 · fundraising $3,110

  • 12 · Advertising and promotion

    total $6,500 · program services $6,206 · management and general $122 · fundraising $172

  • 13 · Office expenses

    total $468 · program services $420 · management and general $20 · fundraising $28

  • 16 · Occupancy

    total $62,259 · program services $59,322 · management and general $1,216 · fundraising $1,721

  • 22 · Depreciation, depletion and amortization

    total $30,360 · program services $27,214 · management and general $1,303 · fundraising $1,843

  • 23 · Insurance

    total $24,467 · program services $22,191 · management and general $773 · fundraising $1,503

  • 24a · Other expenses: PROGRAM EVENT EXPENSES

    total $41,331 · program services $38,028 · fundraising $3,303

  • 24b · Other expenses: PROFESSIONAL SERVICES

    total $37,895 · program services $35,666 · fundraising $2,229

  • 24c · Other expenses: LANDSCAPING

    total $14,230 · program services $14,230

  • 24d · Other expenses: COMMUNICATIONS

    total $9,697 · program services $7,545 · management and general $1,814 · fundraising $338

  • 24e · All other expenses

    total $32,949 · program services $32,018 · management and general $446 · fundraising $485

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $123,385 · end of year $310,706

  • 2 · Savings and temporary cash investments

    beginning of year $185,391 · end of year $190,021

  • 3 · Pledges and grants receivable

    beginning of year $143,433 · end of year $52,675

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,704 · end of year $1,100

  • 10a · Land, buildings and equipment: cost or other basis

    $336,219

  • 10b · Land, buildings and equipment: accumulated depreciation

    $268,467

  • 10c · Land, buildings and equipment, net

    beginning of year $98,112 · end of year $67,752

  • 15 · Other assets

    beginning of year $55,294 · end of year $149,712

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,218 · end of year $29,274

  • 19 · Deferred revenue

    beginning of year $6,276 · end of year $6,276

  • 25 · Other liabilities

    beginning of year $55,294 · end of year $149,712

  • 27 · Net assets without donor restrictions

    beginning of year $508,531 · end of year $586,704

Mission and programs · 2025

Mission

OUR MISSION IS TO PROMOTE DOWNTOWN SCHENECTADY AS A PREMIER LOCATION FOR COMMERCE, RECREATION AND RESIDENCE BY ENHANCING, FACILITATING AND SUPPORTING ECONOMIC GROWTH.

  • ENVIRONMENTAL ENHANCEMENT - CONSIDERS THE CLEANLINESS AND VISUAL APPEAL OF DOWNTOWN SCHENECTADY TO BE AN ESSENTIAL PART OF ALL OTHER REDEVELOPMENT EFFORTS THROUGHOUT OUR DISTRICT. DAILY SIDEWALK MAINTENANCE, SEASONAL HANGING BASKETS, LANDSCAPING AND WINTER HOLIDAY DECORATIONS ARE JUST A FEW WAYS THAT WE ACHIEVE THIS GOAL.

    Expenses $496,176 · Revenue $366,230

  • BUSINESS PROMOTION MARKETING PROGRAM - TO PROMOTE DOWNTOWN SCHENECTADY AS A DESTINATION FOR SHOPPING, DINING, RECREATION AND ENTERTAINMENT, AS WELL AS AN IDEAL PLACE TO LOCATE PROFESSIONAL OFFICES RANGING FROM SINGLE PROPRIETORSHIPS TO MAJOR CORPORATE HEADQUARTERS.

    Expenses $164,415 · Revenue $121,356

As filed on the 2025 return.

Listed in Part VII

  • Maureen Neufeld

    EXECUTIVE DI

    Total calculated
    $100,447
    From this org
    $97,850
    From related orgs
    $0
    Other
    $2,597
    Hours/week
    40

  • Phil Wajda

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Ray Legere

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Ellen McHale

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Andrea Cortelyou

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Austin Fisher

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Michael Burns

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mitch Ramsey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bashir Chedrawee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tate Ottati

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
20 August 2026
IRS schema version
2025v4.0
Source object
202602369349300420

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.