Catskill Revitalization Corporation
- Assets
- $1.7m
- Revenue
- $901.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Arkville, NY
- Founding
- 05/1987
- Data as of
- 12/2022
- EIN
- 22-2778954
Organization Overview
Catskill Revitalization Corporation is located in Arkville, NY. The organization was established in 1987. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Catskill Revitalization Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catskill Revitalization Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Catskill Revitalization Corporation generated $901.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 9.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CATSKILL REVITALIZATION CORPORATION (CRC) IS A NOT-FOR-PROFIT ORGANIZATION ORGANIZED TO REHABILITATE THE FORMER CATSKILL MOUNTAIN BRANCH LINE AND FOR COMMUNITY REVITALIZATION AND COMMERCIAL AND INDUSTRIAL DEVELOPMENT. IT WAS FORMED IN 1986 FROM THE CATSKILL RAIL COMMITTEE, AN ASSOCIATION OF SEVEN TOWNSHIPS. CRC ALSO OPERATES AND MAINTAINS A FORTY-FIVE MILE LINEAR PARK KNOWN AS THE CATSKILL SCENIC TRAIL WHICH PASSES THROUGH TWO COUNTIES AND SEVEN TOWNSHIPS IN THE CATSKILL REGION OF UPSTATE NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF DELAWARE & ULSTER TOURIST RAILROAD IN THE CATSKILL MOUNTAINS.
OWNERSHIP AND PROMOTION OF THE CATSKILL SCENIC TRAIL - A 26 MILE RECREATIONAL TRAIL IN THE CATSKILL MOUNTAINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd C Pascarella Executive Dir. | Officer | 40 | $56,538 |
Wes Coates Exec Dir (past) | Officer | 40 | $18,432 |
Allen Hinkley President | OfficerTrustee | 1 | $0 |
Daniel Deysenroth Vice President | OfficerTrustee | 1 | $0 |
Kenneth Cole Treasurer | OfficerTrustee | 1 | $0 |
Linda Stratigos Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,688 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $866,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $874,473 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,297 |
| Net Gain/Loss on Asset Sales | -$6,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $901,690 |
| 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. | $74,970 |
| Compensation of current officers, directors, key employees. | $74,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,581 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,670 |
| Payroll taxes | $10,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,997 |
| Office expenses | $3,156 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $500 |
| Travel | $3,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,839 |
| Insurance | $33,095 |
| All other expenses | $107,766 |
| Total functional expenses | $1,051,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,705 |
| Savings and temporary cash investments | $46,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,950 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,370,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $158,925 |
| Total assets | $1,674,485 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $452,237 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $452,237 |
| Net assets without donor restrictions | $1,051,120 |
| Net assets with donor restrictions | $171,128 |
| 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 | $1,674,485 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Catskill Revitalization Corporation has recieved totaling $589,036.
| Awarding Organization | Amount |
|---|---|
Oconnor Foundation Delhi, NY PURPOSE: 2021 OPERATING EXPENSES | $300,000 |
Oconnor Foundation Delhi, NY PURPOSE: DELAWARE SUB-DIVISION TRACK REPAIRS- HALCOTTVILLE AND ROXBURY | $101,500 |
Oconnor Foundation Delhi, NY PURPOSE: TRACK MATERIALS - ARKVILLE YARD TO DELCO LINE HIGHMOUNT | $94,500 |
Oconnor Foundation Delhi, NY PURPOSE: 2021 I LOVE NY | $50,000 |
Oconnor Foundation Delhi, NY PURPOSE: 2021 SCENIC TRAIL | $25,000 |
Oconnor Foundation Delhi, NY PURPOSE: 5017 BATTERIES | $10,000 |
Endowment Analysis
| Beg. Balance | $190,784 |
| Earnings | -$25,118 |
| Other Expense | $2,664 |
| Grants | $7,688 |
| Ending Balance | $155,314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Choose New Jersey Inc Newark, NJ | $7,145,867 | $9,053,939 |
Dauphin County Economic Development Corporation Harrisburg, PA | $8,424,591 | $10,449,757 |
Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc Bethlehem, PA | $58,069,128 | $6,233,285 |
Greater Pittsburgh Convention & Visitors Bureau Inc Pittsburgh, PA | $10,210,665 | $8,196,256 |