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Nonprofiteer
← DOWNTOWN COMMITTEE OF SYRACUSE INC

Form 990 for tax year 2022

Filed by DOWNTOWN COMMITTEE OF SYRACUSE INC.

Totals

Total revenue
$1,798,092
Total expenses
$1,789,485
Contributions and grants received
$438,765
Grants paid
$286,980
Program service revenue
$1,300,593
Investment income
$1,462
Other revenue
$57,272
Total assets, end of year
$1,197,436
Total liabilities, end of year
$286,480
Net assets or fund balances, end of year
$910,956
Program services expenses (Part IX)
$1,621,295
Management and general expenses
$168,190
Fundraising expenses
$0
Program service expenses (Part III)
$1,621,295

Program services were 90.6% 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.

  • 1e · Government grants (contributions)

    $378,265

  • 1f · All other contributions, gifts and grants

    $60,500

  • 2a · Program service revenue: CONTRACT INCOME

    total $1,003,912 · related or exempt $1,003,912

  • 2b · Program service revenue: PARKING LOT AND TRANSP

    total $151,732 · related or exempt $151,732

  • 2c · Program service revenue: ART SHOW

    total $62,350 · related or exempt $62,350

  • 2d · Program service revenue: ANNUAL MEETING

    total $33,580 · related or exempt $33,580

  • 2f · All other program service revenue

    total $49,019 · related or exempt $49,019

  • 3 · Investment income

    total $1,462 · excluded $1,462

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $57,272 · related or exempt $57,272

  • 11e · Other revenue, total

    $57,272

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $286,980 · program services $286,980

  • 5 · Compensation of officers, directors and key employees

    total $137,104 · program services $122,023 · management and general $15,081

  • 7 · Other salaries and wages

    total $640,886 · program services $569,447 · management and general $71,439

  • 8 · Pension plan contributions

    total $24,439 · program services $21,847 · management and general $2,592

  • 9 · Other employee benefits

    total $84,462 · program services $82,373 · management and general $2,089

  • 10 · Payroll taxes

    total $69,318 · program services $63,111 · management and general $6,207

  • 11a · Fees: management

    total $12,009 · program services $375 · management and general $11,634

  • 11b · Fees: legal

    total $13,345 · management and general $13,345

  • 12 · Advertising and promotion

    total $82,367 · program services $82,367

  • 13 · Office expenses

    total $57,607 · program services $33,812 · management and general $23,795

  • 16 · Occupancy

    total $21,919 · program services $13,540 · management and general $8,379

  • 17 · Travel

    total $4,878 · management and general $4,878

  • 22 · Depreciation, depletion and amortization

    total $49,040 · program services $46,076 · management and general $2,964

  • 23 · Insurance

    total $38,359 · program services $37,113 · management and general $1,246

  • 24a · Other expenses: PR RESOURCES

    total $115,027 · program services $115,027

  • 24b · Other expenses: SPECIAL PROJECTS

    total $77,560 · program services $77,560

  • 24c · Other expenses: MAINTENANCE AND SECURIT

    total $31,031 · program services $31,031

  • 24e · All other expenses

    total $43,154 · program services $38,613 · management and general $4,541

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $397,384 · end of year $567,956

  • 2 · Savings and temporary cash investments

    beginning of year $258,645 · end of year $260,061

  • 4 · Accounts receivable

    beginning of year $133,582 · end of year $69,782

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,403 · end of year $35,911

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

    $803,876

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

    $622,347

  • 10c · Land, buildings and equipment, net

    beginning of year $225,838 · end of year $181,529

  • 15 · Other assets

    beginning of year $52,567 · end of year $82,197

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,859 · end of year $92,758

  • 19 · Deferred revenue

    beginning of year $96,694 · end of year $152,222

  • 25 · Other liabilities

    beginning of year $25,517 · end of year $41,500

  • 27 · Net assets without donor restrictions

    beginning of year $902,349 · end of year $910,956

Mission and programs · 2022

Mission

THE DOWNTOWN COMMITTEE IS A PRIVATE, NOT-FOR-PROFIT, PROFESSIONAL DOWNTOWN MANAGEMENT ORGANIZATION, REPRESENTING ALL PROPERTY OWNERS AND TENANTS WITHIN THE CENTRAL BUSINESS DISTRICT. THE ORGANIZAION WAS CREATED BY THE CITY OF SYRACUSE IN 1975 AT THE REQUEST OF THE PRIVATE-SECTOR LEADERSHIP. A SPECIAL ASSESSMENT DISTRICT WAS CREATED TO PROVIDE THE FINANCIAL RESOURCES NECESSARY TO ENSURE THE PROPER MANAGEMENT OF THE AREA BOUND BY INTERSTATE 81, INTERSTATE 690, ONONDAGA CREEK, AND ADAMS STREET. THE DOWNTOWN COMMITTEE UNDERTAKES PROGRAMS TO IMPROVE DOWNTOWN'S IMAGE, STRENGTHEN ITS ECONOMIC BASE, INCREASE ITS ATTRACTIVENESS, AND ASSURE THAT IT'S CLEAN, SAFE, AND ACCESSIBLE.

Activities or mission (Part I)

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE ECONOMIC DEVELOPMENT OF DOWNTOWN SYRACUSE THROUGH THE OPERATION AND MAINTENANCE OF CAPITAL IMPROVEMENT PROJECTS AND ACTIVITIES IN A SPECIAL ASSESSMENT DISTRICT ON A CONTRACT BASIS WITH THE CITY OF SYRACUSE.

  • TO PROMOTE THE ECONOMIC DEVELOPMENT OF DOWNTOWN SYRACUSE THROUGH THE OPERATION AND MAINTENANCE OF CAPITAL IMPROVEMENT PROJECTS AND ACTIVITIES IN A SPECIAL ASSESSMENT DISTRICT ON A CONTRACT BASIS WITH THE CITY OF SYRACUSE.

    Expenses $1,621,295 · Grants $286,980 · Revenue $1,357,865

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anthony Fiorito

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ruthnie Angrand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alberto Bianchetti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charlie Breuer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Donnelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jo Anne Chiarenza Gagliano

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • David Nutting

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edward Riley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron G Tascarella Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Melissa Zell

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Susan R Katzoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karyn Korteling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Samolis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Dunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Merike Treier

    EXECUTIVE DIRECTOR

    Total calculated
    $125,676
    From this org
    $118,347
    From related orgs
    $0
    Other
    $7,329
    Hours/week
    40

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

  • ARCHIE ENTERPRISES LLC

    $121,989

    NY MAIN STREET FACADE IMPROVEMENTS

  • SEAGATE 301 S SALINA STREET LLC

    $50,000

    NY MAIN STREET FACADE IMPROVEMENTS

  • SKY ARMORY

    $50,000

    NY MAIN STREET FACADE IMPROVEMENTS

  • ACROPOLIS CENTER LLC

    $50,000

    NY MAIN STREET FACADE IMPROVEMENTS

  • SYRACUSE AREA LANDMARK THEATRE

    $7,500

    NY MAIN STREET FACADE IMPROVEMENTS

  • FIVE EIGHTY PARTNERS LLC

    $7,491

    NY MAIN STREET FACADE IMPROVEMENTS

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333189349305668

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