Civic Intelligence

Paine Castle Foundation Inc

EIN 81-3121349 • 501(c)3 • Troy, NY

Profile

To renovate and preserve the architectural, historic, & civic value of the building more commonly known as 49 Second Street, Troy, NY 12180, currently registered with the New York State Historical Preservation registry, and to increase historical preservation awareness through educational programs open to the community.

49 2nd StreetTroy, NY 12180

painecastle.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.69x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

0.93x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

8th percentile

-130%

Higher net margin than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

82nd percentile

31%

Faster asset growth than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

62nd percentile

8.9%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$260,934

Down $43,366 (-14%) from 2023

Liabilities

Up

$180,000

Up $180,000 from 2023

Net Assets

Down

$80,934

Down $223,366 (-73%) from 2023

Revenue

Down

$192,871

Down $60,136 (-24%) from 2023

Expenses

Up

$442,880

Up $368,424 (+495%) from 2023

Net Income

Down

-$250,009

Down $428,560 (-240%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2020: $68,494Liabilities 2020: $0Net Assets 2020: $68,4942020Assets 2021: $94,422Liabilities 2021: $0Net Assets 2021: $94,4222021Assets 2022: $152,749Liabilities 2022: $0Net Assets 2022: $152,7492022Assets 2023: $304,300Liabilities 2023: $0Net Assets 2023: $304,3002023Assets 2024: $260,934Liabilities 2024: $180,000Net Assets 2024: $80,9342024

Highlighted filing

2024

Assets$260,934
Liabilities$180,000
Net Assets$80,934

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KRevenue 2020: $75,917Expenses 2020: $44,324Net Income 2020: $31,5932020Revenue 2021: $243,084Expenses 2021: $189,249Net Income 2021: $53,8352021Revenue 2022: $162,591Expenses 2022: $124,238Net Income 2022: $38,3532022Revenue 2023: $253,007Expenses 2023: $74,456Net Income 2023: $178,5512023Revenue 2024: $192,871Expenses 2024: $442,880Net Income 2024: -$250,0092024

Highlighted filing

2024

Revenue$192,871
Expenses$442,880
Net Income-$250,009

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 11, 2025
Return Version
2024v5.0
Gross Receipts
$227,006
Mission and Program Overview

Mission

To renovate and preserve the architectural, historic, & civic value of the building more commonly known as 49 Second Street, Troy, NY 12180, currently registered with the New York State Historical Preservation registry, and to increase historical preservation awareness through educational programs open to the community."

To renovate and preserve the architectural, historic, & civic value of the building more commonly known as 49 Second Street, Troy, NY 12180, currently registered with the New York State Historical Preservation registry, and to increase historical preservation awareness through educational programs open to the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$241,955$243,927▲ $1,972
Loans From Officers Directors$0$180,000▲ $180,000
Savings and Temporary Cash Investments$62,345--
Other Notes and Loans Receivable, Net$0$17,007▲ $17,007
Total Assets$304,300$260,934▼ $43,366
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$180,000▲ $180,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$226,439$49,534▼ $176,905
Net Assets With Donor Restrictions$77,861$31,400▼ $46,461
Total Net Assets Fund Balance$304,300$80,934▼ $223,366
Total Liabilities and Net Assets / Fund Balance$304,300$260,934▼ $43,366
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott CarpmanVice President
Wyatt Alexander NordstromVice President
George Theodore DalakosDirector
Jonathan DiehlDirector
Kimberly RappDirector
Nicholas GrippoDirector
William Kenyon BankerDirector
Scott SchenkerAssistant Treasurer
Len PierceSecretary
Keith MorrisTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bolton ConstructionRenovation58-40 Fresh Pond Road, Maspeth, NY 11378$137,980
Titan RoofingRoof Repair200 Tapley St, Springfield, MA 01104$112,583
Revenue and Support

Revenue Composition

Contributions and Grants
$179,719
Program Service Revenue
$0
Investment Income
$4,181
Other Revenue
$8,971
All Other Contributions
$179,719
Change in Net Assets
$-250,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$442,880
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
Fees for Services Other$411,193--$411,193
Fees for Services Legal-$10,705-$10,705
Fees for Services Accounting-$6,500-$6,500
Occupancy-$6,000-$6,000
Office Expenses-$4,850-$4,850
Insurance-$1,885-$1,885
Advertising-$1,010-$1,010
Other Expenses$0$737$0$737
Total Functional Expenses$411,193$31,687$0$442,880
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$43,106
Fundraising Direct Expenses$34,135
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Stormin the Castle$36,668$36,668$29,090$7,578
Victorian Stroll$6,088$6,088$3,562$2,526
Total Events$42,756$42,756$33,652$9,104
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$180,000▲ $180,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
No
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, Part VI, Section B, Line 11B

Reviewed by the Audit Commitee of the Board.

Form 990, Part VI, Section C, Line 19

Available via website.

Filing and Contact Details

Filer

Filer Name
Paine Castle Foundation Inc
EIN
81-3121349
Phone
6105515555
Address
49 2nd Street, Troy, NY 12180

Signing Officer

Name
Keith Morris
Title
Treasurer
Phone
9199098010
Signed
2025-10-11

Organization Details

Principal Officer
Scott Carpman
Formed
2016
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
75
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Building restoration costs

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0282183
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0191141
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0260188
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt075917
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0989148
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04181
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01490
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09681
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99031
IRS990ScheduleA/PublicSupportPY170Pct00.99340
IRS990ScheduleA/PublicSupportTotal170Amt0989148
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0179719
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0282183
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0191141
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0260188
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt075917
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0989148
IRS990ScheduleA/TotalSupportAmt0998829
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt033652
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Stormin the Castle
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Victorian Stroll
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt036668
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06088
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt042756
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt036668
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06088
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt042756
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt09104
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt032652
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt029090
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03562
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01000
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed by the Audit Commitee of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available via website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Building restoration costs
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0304300
IRS990/TotalAssetsEOYAmt0260934
IRS990/TotalAssetsGrp/BOYAmt0304300
IRS990/TotalAssetsGrp/EOYAmt0260934
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0179719
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031687
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0411193
IRS990/TotalFunctionalExpensesGrp/TotalAmt0442880
IRS990/TotalGrossUBIAmt08971

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