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← THE FOUNDATION OF THE BROOME-TIOGA ASSOCIATION FOR RETARDED CITIZENS

Form 990 for tax year 2023

Filed by THE FOUNDATION OF THE BROOME-TIOGA ASSOCIATION FOR RETARDED CITIZENS.

Totals

Total revenue
$266,013
Total expenses
$529,055
Contributions and grants received
$256,595
Grants paid
$514,500
Program service revenue
$0
Investment income
$9,418
Other revenue
$0
Total assets, end of year
$3,636,810
Total liabilities, end of year
$1,551,816
Net assets or fund balances, end of year
$2,084,994
Program services expenses (Part IX)
$523,830
Management and general expenses
$5,225
Fundraising expenses
$0
Program service expenses (Part III)
$523,830

Program services were 99.0% 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

    $256,595

  • 3 · Investment income

    total $49,565 · excluded $49,565

  • 7a · Gross sales of assets other than inventory

    securities $250,000

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

    securities $290,147

  • 7c · Gain or loss

    securities -$40,147

  • 7d · Net gain or loss

    total -$40,147 · excluded -$40,147

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $510,000 · program services $510,000

  • 2 · Grants to domestic individuals

    total $4,500 · program services $4,500

  • 11c · Fees: accounting

    total $4,500 · management and general $4,500

  • 11f · Fees: investment management

    total $9,330 · program services $9,330

  • 13 · Office expenses

    total $474 · management and general $474

  • 24a · Other expenses: STAFF DEVELOPMENT

    total $251 · management and general $251

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,926 · end of year $97,925

  • 12 · Investments: other securities

    beginning of year $1,901,504 · end of year $1,876,415

  • 15 · Other assets

    beginning of year $1,627,353 · end of year $1,662,470

  • 25 · Other liabilities

    beginning of year $1,503,569 · end of year $1,551,816

  • 27 · Net assets without donor restrictions

    beginning of year $1,933,811 · end of year $1,900,091

  • 28 · Net assets with donor restrictions

    beginning of year $189,403 · end of year $184,903

Mission and programs · 2023

Mission

THE PRIMARY EXEMPT PURPOSE OF THE FOUNDATION IS TO PROMOTE PLANNED GIVING ACTIVITIES FOR THE EXCLUSIVE BENEFIT OF NYSARC, INC., BROOME-CHENANGO-TIOGA COUNTIES CHAPTER.

  • THE FOUNDATION PROMOTES PLANNED GIVING ACTIVITIES FOR THE EXCLUSIVE BENEFIT OF NYSARC, INC., BROOME-CHENANGO-TIOGA COUNTIES CHAPTER, A RELATED NOT-FOR-PROFIT 501(C)(3), THAT PROVIDES SERVICES TO THE DEVELOPMENTALLY DISABLED.

    Expenses $523,830 · Grants $514,500

As filed on the 2023 return.

Listed in Part VII

  • Anne Catalano

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Fosbury

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Chambers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Jim Weed

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Ryan Mead

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Clements

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Cory Jacobs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Moran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Amy Howard

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $224,306
    From this org
    $0
    From related orgs
    $195,213
    Other
    $29,093
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,443 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $3,770 related
    Deferred
    $0 + $7,181 related
    Nontaxable benefits
    $0 + $21,912 related
    Filer's total
    $0 + $224,306 related

  • Lisa Whitney

    CHIEF OPERATING OFFICER

    Total calculated
    $116,282
    From this org
    $0
    From related orgs
    $97,618
    Other
    $18,664
    Hours/week
    0.5 + 39.5 related

  • Jill Lovulo

    CHIEF OPERATING OFFICER

    Total calculated
    $39,205
    From this org
    $0
    From related orgs
    $36,398
    Other
    $2,807
    Hours/week
    0.5 + 39.5 related

  • Ann Yeager

    CHIEF FINANCIAL OFFICER

    Total calculated
    $134,913
    From this org
    $0
    From related orgs
    $118,237
    Other
    $16,676
    Hours/week
    0.5 + 39.5 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)

SCHEDULE J, PART II, LINE 1:
THE ORGANIZATION'S COMPENSATION METHODS ARE DETERMINED BY NYSARC, INC., BROOME-CHENANGO-TIOGA COUNTIES CHAPTER. SEE NYSARC, INC., BROOME-CHENANGO-TIOGA COUNTIES CHAPTER'S SCHEDULE J FOR THE COMPENSATION METHODS DETERMINED FOR THE CHIEF EXECUTIVE OFFICER.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202423139349303282

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