Seneca Falls Development Corp

Nonprofit profile at a glance

EIN
260283628
IRS 990-EZ coverage
2013–2018
Forms available
Form 990 2012, Form 990-EZ 2018
Location
Seneca Falls, NY, USA
Phone
3156512425
Rating
52
Verdict
MIXED
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Official website

Reported finances

Revenue
$75,094
Expenses
$79,377
Assets
$129,892
Liabilities
$800

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • JOELL MURNEY-KARSTEN (CHAIR)
  • GREG LAZZARO (DIRECTOR)
  • DOUGLAS AVERY (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide planning and implementation of programs, projects and activities designed to create or stimulate economic development in the village and town of seneca falls, New York.

What it reported doing in 2018

Team active8 - a free 8-week program to teach children how to stay active even in the absence of organized sports, to demonstrate the power of imagination, and to encourage the inclusion of non-traditional sports and activities in school and community center programming.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 24
  • Transparency & Controls: 82
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25.4%; rating input score 25
  • Program expense ratio: 23.4%; rating input score 23

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -5.7%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 1.64; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 8.3% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 1.3% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 25.4% of revenue deployed · 23.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $19K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2013 to 2018
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 25/100.
  • High — Financial Efficiency: Program expense ratio scored 23/100.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.