Civic Intelligence

Poughkeepsie Alliance Inc.

990 • Fiscal year 2020 • EIN 47-2422261

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

PO Box 347Poughkeepsie, NY 12602

(845) 454-1700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.32x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • NTEE S20 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

1.00x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • NTEE S20 • <$500k nonprofits • Source year 2020

Net Margin

10th percentile

-93%

Higher net margin than 10% of similar nonprofits.

2020 filings • NTEE S20 • <$500k nonprofits • Source year 2020

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE S20 • <$500k nonprofits • Source year 2020

Asset Growth

19th percentile

-20%

Faster asset growth than 19% of similar nonprofits.

2020 filings • NTEE S20 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

48131%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • NTEE S20 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$112,246

Down $28,297 (-20%) from 2019

Net Assets

Down

$76,046

Down $33,572 (-31%) from 2019

Liabilities

Up

$36,200

Up $5,275 (+17%) from 2019

Revenue

Up

$36,173

Up $36,098 (+48131%) from 2019

Expenses

Up

$69,745

Up $56,486 (+426%) from 2019

Net Income

Down

-$33,572

Down $20,388 (-155%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2014: $60,263Liabilities 2014: $24,891Net Assets 2014: $35,3722014Assets 2015: $171,067Liabilities 2015: $4,909Net Assets 2015: $166,1582015Assets 2016: $151,961Liabilities 2016: $5,075Net Assets 2016: $146,8862016Assets 2017: $156,195Liabilities 2017: $6,519Net Assets 2017: $149,6762017Assets 2018: $161,198Liabilities 2018: $38,396Net Assets 2018: $122,8022018Assets 2019: $140,543Liabilities 2019: $30,925Net Assets 2019: $109,6182019Assets 2020: $112,246Liabilities 2020: $36,200Net Assets 2020: $76,0462020Assets 2021: $166,497Liabilities 2021: $87,975Net Assets 2021: $78,5222021Assets 2022: $163,357Liabilities 2022: $88,830Net Assets 2022: $74,5272022Assets 2023: $219,933Liabilities 2023: $163,150Net Assets 2023: $56,7832023Assets 2024: $22,301Liabilities 2024: $2,450Net Assets 2024: $19,8512024

Highlighted filing

2020

Assets$112,246
Liabilities$36,200
Net Assets$76,046

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2014: $62,503Expenses 2014: $27,131Net Income 2014: $35,3722014Revenue 2015: $179,030Expenses 2015: $48,244Net Income 2015: $130,7862015Revenue 2016: $37,077Expenses 2016: $56,349Net Income 2016: -$19,2722016Revenue 2017: $62,419Expenses 2017: $59,629Net Income 2017: $2,7902017Revenue 2018: $40,376Expenses 2018: $47,250Net Income 2018: -$6,8742018Revenue 2019: $75Expenses 2019: $13,259Net Income 2019: -$13,1842019Revenue 2020: $36,173Expenses 2020: $69,745Net Income 2020: -$33,5722020Revenue 2021: $20,111Expenses 2021: $17,635Net Income 2021: $2,4762021Revenue 2022: $15,051Expenses 2022: $19,046Net Income 2022: -$3,9952022Revenue 2023: $6,744Expenses 2023: $24,488Net Income 2023: -$17,7442023Revenue 2024: $185,745Expenses 2024: $222,677Net Income 2024: -$36,9322024

Highlighted filing

2020

Revenue$36,173
Expenses$69,745
Net Income-$33,572
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.0
Gross Receipts
$36,173
Mission and Program Overview

Mission

The organization was formed to enhance the quality of life in, and promote the economic revitalization for the city of poughkeepsie by partnering with all stakeholders including citizens, and private, public, and non-profit organizations. The organization has set in place four key objectives that will achieve this goal: convening leaders for change, transformation through partnership, building capacity and community, positioning poughkeepsie positively near and far.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$139,406$111,079▼ $28,327
Prepaid Expenses and Deferred Charges$1,137$1,167▲ $30
Total Assets$140,543$112,246▼ $28,297
Liabilities
Other Liabilities$25,000$30,000▲ $5,000
Accounts Payable and Accrued Expenses$5,925$6,200▲ $275
Total Liabilities$30,925$36,200▲ $5,275
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$109,618$76,046▼ $33,572
Total Net Assets Fund Balance$109,618$76,046▼ $33,572
Total Liabilities and Net Assets / Fund Balance$140,543$112,246▼ $28,297
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$36,125
Program Service Revenue
$0
Investment Income
$48
Other Revenue
$0
All Other Contributions
$36,125
Change in Net Assets
$-33,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$69,745
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$62,125--$62,125
Fees for Services Accounting-$6,050-$6,050
Insurance-$1,345-$1,345
Fees for Services Other-$225-$225
Total Functional Expenses$62,125$7,620$0$69,745
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contract Liabilities$30,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization has it's form 990 prepared by an accounting firm and has established the following review process to ensure that the information reported is complete and accurate. Form 990 is presented to the treasurer for review. Upon their approval it is submitted to the full board for approval. When the board approves form 990 the e-file authorization is signed and the accounting firm e-files form 990.

Form 990, Page 6, Part VI, Line 12C

The organization has develop a conflict of interest policy. In the subsequent year the organization will have all board members sign a conflict of interest statement.

Form 990, Page 6, Part VI, Line 15B

The organization does not have employees as of yet. When they do hire key employees, the board will consider the overall financial and operational performance of the organization to determine the appropriate compensation level.

Form 990, Page 6, Part VI, Line 19

The organization makes its' form 990 available for public inspection as required under section 6104 (d) of the internal revenue code. Upon written request a copy of forms 990 and/or 1023 will be provided.

Filing and Contact Details

Filer

Filer Name
Poughkeepsie Alliance Inc
EIN
47-2422261
Address
PO BOX 347, POUGHKEEPSIE, NY 12602

Signing Officer

Name
Paul Calogerakis
Title
Chairperson
Phone
9144563205
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Calogerakis
Formed
2014
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
25

Preparer

Firm
Cindy M Smith CPA Pc
Address
2419 ROUTE 82/PO BOX 26, BILLINGS, NY 12510
Preparer
Cindy M Smith CPA
Phone
8455922826
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization was formed to enhance the quality of life in, and promote the economic revitalization for the city of poughkeepsie by partnering with all stakeholders including citizens, and private, public, and non-profit organizations. The organization has set in place four key objectives that will achieve this goal: convening leaders for change, transformation through partnership, building capacity and community, positioning poughkeepsie positively near and far.

Form 990, Part III

Up coming large project is the corey ingram roundabout project. The organization is currently working with mass design group in securing funding for the corey ingram roundabout project. The name of this roundabout is dedicated to the memory of corey ingram, a 28-year old poughkeepsie native who was killed in the line of duty while serving as a navy technician. The traffic circle is a memorial to his dedication to service, kindness and love of his hometown. The goal of this project is to transform the northside roundabout to a welcoming gateway for the city of poughkeepsie. Plans include an illuminated structure with the name "poughkeepsie" visible from both sides, along with a sidewalk of plaques of leaders who have made significant contributions to the community. This project is also providing poughkeepsie high school students the opportunity to intern and learn specific trade skills with a metal vendor that will be working on the project. The total cost of the project is estimated to be 150,000.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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IRS990/MissionDesc0THE ORGANIZATION WAS FORMED TO ENHANCE THE QUALITY OF LIFE IN, AND PROMOTE THE ECONOMIC REVITALIZATION FOR THE CITY OF POUGHKEEPSIE BY PARTNERING WITH ALL STAKEHOLDERS INCLUDING CITIZENS, AND PRIVATE, PUBLIC, AND NON-PROFIT ORGANIZATIONS. THE ORGANIZATION HAS SET IN PLACE FOUR KEY OBJECTIVES THAT WILL ACHIEVE THIS GOAL: CONVENING LEADERS FOR CHANGE, TRANSFORMATION THROUGH PARTNERSHIP, BUILDING CAPACITY AND COMMUNITY, POSITIONING POUGHKEEPSIE POSITIVELY NEAR AND FAR.
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IRS990/PrincipalOfficerNm0PAUL CALOGERAKIS
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION PARTICIPATED IN THE POUGHKEEPSIE CENTRAL SCHOOL DISTRICT'S DIGITAL LEARNING INITIATIVE. THE ORGANIZATION RAISED FUNDS AND CONTRIBUTED SUCH FUNDS TO THE SCHOOL DISTRICT FOR THE PURPOSE OF PROVIDING LAPTOPS TO THE STUDENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS FORMED TO ENHANCE THE QUALITY OF LIFE IN, AND PROMOTE THE ECONOMIC REVITALIZATION FOR THE CITY OF POUGHKEEPSIE BY PARTNERING WITH ALL STAKEHOLDERS INCLUDING CITIZENS, AND PRIVATE, PUBLIC, AND NON-PROFIT ORGANIZATIONS. THE ORGANIZATION HAS SET IN PLACE FOUR KEY OBJECTIVES THAT WILL ACHIEVE THIS GOAL: CONVENING LEADERS FOR CHANGE, TRANSFORMATION THROUGH PARTNERSHIP, BUILDING CAPACITY AND COMMUNITY, POSITIONING POUGHKEEPSIE POSITIVELY NEAR AND FAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UP COMING LARGE PROJECT IS THE COREY INGRAM ROUNDABOUT PROJECT. THE ORGANIZATION IS CURRENTLY WORKING WITH MASS DESIGN GROUP IN SECURING FUNDING FOR THE COREY INGRAM ROUNDABOUT PROJECT. THE NAME OF THIS ROUNDABOUT IS DEDICATED TO THE MEMORY OF COREY INGRAM, A 28-YEAR OLD POUGHKEEPSIE NATIVE WHO WAS KILLED IN THE LINE OF DUTY WHILE SERVING AS A NAVY TECHNICIAN. THE TRAFFIC CIRCLE IS A MEMORIAL TO HIS DEDICATION TO SERVICE, KINDNESS AND LOVE OF HIS HOMETOWN. THE GOAL OF THIS PROJECT IS TO TRANSFORM THE NORTHSIDE ROUNDABOUT TO A WELCOMING GATEWAY FOR THE CITY OF POUGHKEEPSIE. PLANS INCLUDE AN ILLUMINATED STRUCTURE WITH THE NAME "POUGHKEEPSIE" VISIBLE FROM BOTH SIDES, ALONG WITH A SIDEWALK OF PLAQUES OF LEADERS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO THE COMMUNITY. THIS PROJECT IS ALSO PROVIDING POUGHKEEPSIE HIGH SCHOOL STUDENTS THE OPPORTUNITY TO INTERN AND LEARN SPECIFIC TRADE SKILLS WITH A METAL VENDOR THAT WILL BE WORKING ON THE PROJECT. THE TOTAL COST OF THE PROJECT IS ESTIMATED TO BE 150,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS IT'S FORM 990 PREPARED BY AN ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. FORM 990 IS PRESENTED TO THE TREASURER FOR REVIEW. UPON THEIR APPROVAL IT IS SUBMITTED TO THE FULL BOARD FOR APPROVAL. WHEN THE BOARD APPROVES FORM 990 THE E-FILE AUTHORIZATION IS SIGNED AND THE ACCOUNTING FIRM E-FILES FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS DEVELOP A CONFLICT OF INTEREST POLICY. IN THE SUBSEQUENT YEAR THE ORGANIZATION WILL HAVE ALL BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT HAVE EMPLOYEES AS OF YET. WHEN THEY DO HIRE KEY EMPLOYEES, THE BOARD WILL CONSIDER THE OVERALL FINANCIAL AND OPERATIONAL PERFORMANCE OF THE ORGANIZATION TO DETERMINE THE APPROPRIATE COMPENSATION LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS' FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 (D) OF THE INTERNAL REVENUE CODE. UPON WRITTEN REQUEST A COPY OF FORMS 990 AND/OR 1023 WILL BE PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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