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Nonprofiteer
← POTS BUILDING FOR THE FUTURE INC

Form 990 for tax year 2023

Filed by POTS BUILDING FOR THE FUTURE INC.

Totals

Total revenue
$243,768
Total expenses
$753,867
Contributions and grants received
$132,530
Grants paid
$736,278
Program service revenue
$0
Investment income
$111,238
Other revenue
$0
Total assets, end of year
$3,371,573
Total liabilities, end of year
$90,926
Net assets or fund balances, end of year
$3,280,647
Program services expenses (Part IX)
$736,278
Management and general expenses
$17,589
Fundraising expenses
$0
Program service expenses (Part III)
$736,278

Program services were 97.7% 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.

  • 1d · Related organizations

    $16,283

  • 1f · All other contributions, gifts and grants

    $116,247

  • 3 · Investment income

    total $107,714 · excluded $107,714

  • 7a · Gross sales of assets other than inventory

    securities $49,824

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

    securities $46,300

  • 7c · Gain or loss

    securities $3,524

  • 7d · Net gain or loss

    total $3,524 · excluded $3,524

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $736,278 · program services $736,278

  • 11c · Fees: accounting

    total $15,000 · management and general $15,000

  • 13 · Office expenses

    total $2,589 · management and general $2,589

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,219,582 · end of year $47,573

  • 2 · Savings and temporary cash investments

    beginning of year $998,216 · end of year $2,092,657

  • 3 · Pledges and grants receivable

    beginning of year $302,459 · end of year $178,481

  • 11 · Investments: publicly traded securities

    beginning of year $248,166 · end of year $821,407

  • 15 · Other assets

    beginning of year $59,974 · end of year $231,455

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $90,926

  • 27 · Net assets without donor restrictions

    beginning of year $1,154,561 · end of year $1,156,453

  • 28 · Net assets with donor restrictions

    beginning of year $2,673,836 · end of year $2,124,194

Mission and programs · 2023

Mission

TO RAISE FUNDS AND PROVIDE GRANTS AND LOANS TO SUPPORT THE WORK OF PART OF THE SOLUTION, A RELATED 501(C)(3).

Activities or mission (Part I)

TO RAISE FUNDS AND PROVIDE GRANTS AND LOANS TO SUPPORT THE WORK OF PART OF THE SOLUTION, A RELATED 501(C)(3) ORGANIZATION.

  • SUPPORTS PART OF THE SOLUTION ("POTS"), A 501(C)(3) NOT FOR PROFIT CORPORATION, BY RAISING FUNDS AND PROVIDING GRANTS AND LOANS TO SUPPORT THE WORK OF POTS. POTS IS A 'ONE-STOP SHOP' SERVING LOW-INCOME FAMILIES AND INDIVIDUALS IN THE BRONX. SERVICES INCLUDE COMMUNITY KITCHEN, FOOD PANTRY, CASE MANAGEMENT, COMPREHENSIVE CASE MANAGEMENT, LEGAL CLINIC, EMPLOYMENT SERVICES, HAIRCUTS, SHOWERS, MAIL SERVICES, CLOTHING ROOM AND SPECIAL DISTRIBUTIONS.

    Expenses $736,278 · Grants $736,278

As filed on the 2023 return.

Listed in Part VII

  • Sean Hoover

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • John Eckerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Terry Feeney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Nick Finn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Barbara Raho

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Susan Shultis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Christina Hanson

    PRESIDENT

    Total calculated
    $200,429
    From this org
    $0
    From related orgs
    $177,129
    Other
    $23,300
    Hours/week
    1 + 31 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,129 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,600 related
    Nontaxable benefits
    $0 + $15,700 related
    Filer's total
    $0 + $200,429 related

  • Ann Marie MacDonald

    TREASURER

    Total calculated
    $172,620
    From this org
    $0
    From related orgs
    $155,306
    Other
    $17,314
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,306 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0 + $6,450 related
    Nontaxable benefits
    $0 + $10,864 related
    Filer's total
    $0 + $172,620 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 I, LINE 3
THE OFFICERS WERE COMPENSATED THROUGH A RELATED ORGANIZATION, PART OF THE SOLUTION. COMPENSATION WAS ESTABLISHED BY COMPENSATION SURVEY/STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

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.

  • PART OF THE SOLUTION

    501(C)(3) · PROVIDES VARIOUS FOOD & SOCIAL SERVICE SUPPORT · NY

    Directly controlled by PART OF THE SOLUTION INC

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349308888

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