Downtown Committee Of Syracuse Inc
- Assets
- $1.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 26
- Location
- Syracuse, NY
- Founding
- 04/1978
- Data as of
- 06/2024
- EIN
- 16-1079352
Organization Overview
Downtown Committee Of Syracuse Inc is located in Syracuse, NY. The organization was established in 1978. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Downtown Committee Of Syracuse Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Committee Of Syracuse Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2024, Downtown Committee Of Syracuse Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.6m during the year ending 06/2024. While expenses have increased by 1.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Downtown Committee Of Syracuse Inc has awarded 20 individual grants totaling $613,474. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Fiorito Chair | OfficerTrustee | 2 | $0 |
Ruthnie Angrand Director | Trustee | 1 | $0 |
Alberto Bianchetti Director | Trustee | 1 | $0 |
Charlie Breuer Director | Trustee | 1 | $0 |
Joseph Bryant Director | Trustee | 1 | $0 |
Brian Donnelly Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $199,004 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,004 |
| Total Program Service Revenue | $1,469,213 |
| Investment income | $11,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,821,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,772 |
| Compensation of current officers, directors, key employees. | $13,738 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $775,127 |
| Pension plan accruals and contributions | $31,170 |
| Other employee benefits | $101,402 |
| Payroll taxes | $79,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $356 |
| Fees for services: Accounting | $11,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $104,753 |
| Office expenses | $56,599 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,754 |
| Travel | $10,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,493 |
| Insurance | $53,643 |
| All other expenses | $31,574 |
| Total functional expenses | $1,648,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $731,960 |
| Savings and temporary cash investments | $265,393 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,042 |
| Net Land, buildings, and equipment | $259,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,733 |
| Total assets | $1,352,699 |
| Accounts payable and accrued expenses | $103,507 |
| Grants payable | $0 |
| Deferred revenue | $159,072 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,606 |
| Total liabilities | $268,185 |
| Net assets without donor restrictions | $1,084,514 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,352,699 |
Grants Awarded
Over the last fiscal year, Downtown Committee Of Syracuse Inc has awarded $286,980 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FIVE EIGHTY PARTNERS LLC PURPOSE: NY MAIN STREET FACADE IMPROVEMENTS | $7,491 |
SYRACUSE AREA LANDMARK THEATRE PURPOSE: NY MAIN STREET FACADE IMPROVEMENTS | $7,500 |
SEAGATE 301 S SALINA STREET LLC PURPOSE: NY MAIN STREET FACADE IMPROVEMENTS | $50,000 |
ACROPOLIS CENTER LLC PURPOSE: NY MAIN STREET FACADE IMPROVEMENTS | $50,000 |
SKY ARMORY PURPOSE: NY MAIN STREET FACADE IMPROVEMENTS | $50,000 |
ARCHIE ENTERPRISES LLC PURPOSE: NY MAIN STREET FACADE IMPROVEMENTS | $121,989 |