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Nonprofiteer
← NORTHERN NEW YORK RESOURCES CORPORATION

Form 990 for tax year 2023

Filed by NORTHERN NEW YORK RESOURCES CORPORATION.

Totals

Total revenue
$176,712
Total expenses
$43,694
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$176,712
Other revenue
$0
Total assets, end of year
$4,734,526
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,734,526
Program services expenses (Part IX)
$0
Management and general expenses
$43,694
Fundraising expenses
$0
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 $139,930 · related or exempt $139,930

  • 7a · Gross sales of assets other than inventory

    securities $3,104,612

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

    securities $3,067,830

  • 7c · Gain or loss

    securities $36,782

  • 7d · Net gain or loss

    total $36,782 · related or exempt $36,782

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

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

  • 11f · Fees: investment management

    total $38,944 · management and general $38,944

  • 24a · Other expenses: NYS FILING FEE

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $302,086 · end of year $255,837

  • 11 · Investments: publicly traded securities

    beginning of year $3,946,906 · end of year $4,478,689

  • 27 · Net assets without donor restrictions

    beginning of year $4,248,992 · end of year $4,734,526

Mission and programs · 2023

Mission

RAISE FUNDS TO SUPPORT LIBRARY SERVICES IN NORTHERN NEW YORK.

Activities or mission (Part I)

THE PURPOSE OF THE CORPORATION IS TO (A) SOLICIT, ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER GIFTS, GRANTS, BEQUESTS, CONTRIBUTIONS, DEVISES, BENEFITS OF TRUSTS, ENDOWMENTS, AND PROPERTY; (B) USE, DISBURSE OR PAY THE INCOME OR PRINCIPAL THEREOF EXCLUSIVELY FOR THE BENEFIT OF THE NORTHERN NEW YORK LIBRARY NETWORK.

  • THE NORTHERN NEW YORK RESOURCES CORPORATION HAS CREATED A FUND THAT GENERATES INCOME TO SUPPORT OPERATIONS OF THE NORTHERN NEW YORK LIBRARY NETWORK WHICH PROVIDES COOPERATIVE SERVICES TO LIBRARIES IN NORTHERN NEW YORK.

As filed on the 2023 return.

Listed in Part VII

  • Paulette Roes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Emily Hastings

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Justin Cree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Michael Spofford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Cori Wilhelm

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413199349306131

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