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Nonprofiteer
← GREATER OLEAN INC

Form 990 for tax year 2023

Filed by GREATER OLEAN INC.

Totals

Total revenue
$497,321
Total expenses
$515,916
Contributions and grants received
$116,296
Grants paid
$6,252
Program service revenue
$365,639
Investment income
$18,481
Other revenue
-$3,095
Total assets, end of year
$1,268,664
Total liabilities, end of year
$826,444
Net assets or fund balances, end of year
$442,220
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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)

    $116,296

  • 2a · Program service revenue: SPECIAL EVENTS

    total $198,131 · related or exempt $198,131

  • 2b · Program service revenue: MEMBERSHIP DUES & ASSE

    total $123,608 · related or exempt $123,608

  • 2c · Program service revenue: MANAGEMENT FEES

    total $22,210 · related or exempt $22,210

  • 2d · Program service revenue: INSURANCE/UTILITY COMM

    total $2,925 · unrelated business $2,925

  • 2f · All other program service revenue

    total $18,765 · excluded $18,765

  • 3 · Investment income

    total $18,481 · excluded $18,481

  • 10a · Gross sales of inventory

    $11,444

  • 10b · Cost of goods sold

    $14,539

  • 10c · Net income from sales of inventory

    total -$3,095 · related or exempt -$3,095

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,252

  • 5 · Compensation of officers, directors and key employees

    total $77,538

  • 7 · Other salaries and wages

    total $107,262

  • 8 · Pension plan contributions

    total $3,011

  • 9 · Other employee benefits

    total $15,627

  • 10 · Payroll taxes

    total $13,917

  • 11c · Fees: accounting

    total $22,218

  • 12 · Advertising and promotion

    total $57,091

  • 13 · Office expenses

    total $23,855

  • 16 · Occupancy

    total $24,000

  • 17 · Travel

    total $426

  • 20 · Interest

    total $12,262

  • 22 · Depreciation, depletion and amortization

    total $1,655

  • 23 · Insurance

    total $4,349

  • 24a · Other expenses: SPECIAL EVENTS

    total $128,993

  • 24b · Other expenses: MISCELLANEOUS

    total $16,560

  • 24c · Other expenses: TELEPHONE

    total $900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $209,633 · end of year $232,446

  • 2 · Savings and temporary cash investments

    beginning of year $744,244 · end of year $712,458

  • 4 · Accounts receivable

    beginning of year $86,785 · end of year $55,180

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,690 · end of year $1,519

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

    $110,274

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

    $103,330

  • 10c · Land, buildings and equipment, net

    beginning of year $8,599 · end of year $6,944

  • 15 · Other assets

    beginning of year $280,652 · end of year $260,117

  • 17 · Accounts payable and accrued expenses

    beginning of year $392,659 · end of year $331,428

  • 19 · Deferred revenue

    beginning of year $47,680 · end of year $80,306

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000 · end of year $148,392

  • 25 · Other liabilities

    beginning of year $284,449 · end of year $266,318

  • 27 · Net assets without donor restrictions

    beginning of year $460,815 · end of year $442,220

Mission and programs · 2023

Mission

PROMOTE COMMUNITY / ECONOMIC DEVELOPMENT

Activities or mission (Part I)

PROMOTE COMMUNITY/ECONOMIC DEVELOPMENT

  • ECONOMIC DEVELOPMENT - PROMOTE ECONOMIC DEVELOPMENT AMONG NEW AND EXISTING BUSINESSES. INCLUDES PROVIDING SUPPORT FOR THE OPERATION OF ECONOMIC DEVELOPMENT ZONE.

  • TANF SERVICES - UNDER CONTRACT WITH CATTARAUGUS COUNTY, AN ON-THE-JOB TRAINING PROGRAM IS OPERATED TO INCREASE THE SKILLS OF AREA RESIDENTS.

  • PROMOTION & MARKETING - THROUGH SPECIAL EVENTS AND ADVERTISING CAMPAIGNS, PURSUE ECONOMIC DEVELOPMENT AND REVITILIZATION IN THE OLEAN AREA.

As filed on the 2023 return.

Listed in Part VII

  • PAULA BERNSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD YAEGER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • GENELLE MORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROB DEFAZIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERRY BRAIRTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAULA SNYDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM AIELLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON CRISAFULLI

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SHAVONNE HENDERSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ANDREW CAYA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ADAM JESTER

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    35

  • KELLY PATRONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE POKRZYK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDY COOPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN MULRYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEME YANETSKO

    COO (FORMER)

    Total calculated
    $85,488
    From this org
    $77,538
    From related orgs
    $0
    Other
    $7,950
    Hours/week
    35

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.

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
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349305784

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