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Nonprofiteer
← BLAKE ANNEX INC

Form 990 for tax year 2023

Filed by BLAKE ANNEX INC.

Totals

Total revenue
$486,438
Total expenses
$928,804
Contributions and grants received
$45
Grants paid
$0
Program service revenue
$486,393
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,580,697
Total liabilities, end of year
$4,333,006
Net assets or fund balances, end of year
-$752,309
Program services expenses (Part IX)
$928,804
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$928,804

Program services were 100.0% 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

    $45

  • 2a · Program service revenue: PARTICIPANT FEES

    total $486,393 · related or exempt $486,393

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $298,948 · program services $298,948

  • 12 · Advertising and promotion

    total $150 · program services $150

  • 13 · Office expenses

    total $21,452 · program services $21,452

  • 16 · Occupancy

    total $483,756 · program services $483,756

  • 17 · Travel

    total $3,769 · program services $3,769

  • 20 · Interest

    total $1,605 · program services $1,605

  • 22 · Depreciation, depletion and amortization

    total $32,694 · program services $32,694

  • 23 · Insurance

    total $2,345 · program services $2,345

  • 24a · Other expenses: CONTRACT AND GRANT FUND

    total $51,495 · program services $51,495

  • 24b · Other expenses: EQUIPMENT, SOFTWARE AND

    total $14,709 · program services $14,709

  • 24c · Other expenses: TELEPHONE AND POSTAGE

    total $9,133 · program services $9,133

  • 24d · Other expenses: SUBSCRIPTIONS AND DUES

    total $5,891 · program services $5,891

  • 24e · All other expenses

    total $2,857 · program services $2,857

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,336 · end of year $39,765

  • 4 · Accounts receivable

    beginning of year $22,104 · end of year $25,195

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

    $278,280

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

    $114,841

  • 10c · Land, buildings and equipment, net

    beginning of year $192,312 · end of year $163,439

  • 15 · Other assets

    beginning of year $3,678,432 · end of year $3,352,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,195 · end of year $154,788

  • 18 · Grants payable

    beginning of year $302,183 · end of year $665,756

  • 19 · Deferred revenue

    beginning of year $31,404 · end of year $7,247

  • 25 · Other liabilities

    beginning of year $3,836,345 · end of year $3,505,215

  • 27 · Net assets without donor restrictions

    beginning of year -$309,943 · end of year -$752,309

Mission and programs · 2023

Mission

IN ADDITION TO THE DYNAMIC AND INSPIRING WORKPLACE EXPERIENCE, THE BLAKE ANNEX WILL BREAK DOWN SILOS, INCREASE EFFICIENCY AND CAPACITY, INSPIRE THOUGHT LEADERSHIP, DRIVE CREATIVE COLLISIONS, AND ELEVATE THE CRITICAL ROLE NONPROFITS PLAY IN BUILDING STRONG COMMUNITIES.

Activities or mission (Part I)

AN IMPACT-DRIVEN COWORKING COMMUNITY FOR CAPITAL REGION NON-PROFITS TO SHARE SERVICES AND COLLABORATE TO CREATE AND DEVELOP A UNIQUE COWORKING SPACE FOCUSED ON PROVIDING COWORKING SITES AS WELL AS EDUCATIONAL OPPORTUNITIES, ADVANCEMENT, AND SUPPORT FOR INDIVIDUALS AND COMPANIES IN THE NOT-FOR-PROFIT AND TAX-EXEMPT SECTORS TO STIMULATE COLLABORATIVE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED, HIGH-DENSITY, URBAN AREAS IN THE GREATER CAPITAL REGION OF THE STATE OF NEW YORK.

  • AN IMPACT-DRIVEN COWORKING COMMUNITY FOR CAPITAL REGION NON-PROFITS TO SHARE SERVICES AND COLLABORATE TO CREATE AND DEVELOP A UNIQUE COWORKING SPACE FOCUSED ON PROVIDING COWORKING SITES AS WELL AS EDUCATIONAL OPPORTUNITIES, ADVANCEMENT, AND SUPPORT FOR INDIVIDUALS AND COMPANIES IN THE NOT-FOR-PROFIT AND TAX-EXEMPT SECTORS TO STIMULATE COLLABORATIVE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED, HIGH-DENSITY, URBAN AREAS IN THE GREATER CAPITAL REGION OF THE STATE OF NEW YORK.

    Expenses $928,804 · Revenue $486,393

As filed on the 2023 return.

Listed in Part VII

  • Carm Basile

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Sano

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Selica Grant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Lacoppola

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Peter Gannon

    CEO

    Total calculated
    $231,604
    From this org
    $0
    From related orgs
    $195,831
    Other
    $35,773
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,831 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,262 related
    Nontaxable benefits
    $0 + $21,511 related
    Filer's total
    $0 + $231,604 related

  • David Barron

    CFO

    Total calculated
    $63,045
    From this org
    $0
    From related orgs
    $61,306
    Other
    $1,739
    Hours/week
    1 + 35 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

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

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

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 May 2025
IRS schema version
2023v6.0
Source object
202531359349307658

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