Schenectady Patrolmens Benevolent Association
- Assets
- $1.0m
- Revenue
- $245.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Schenectady, NY
- Founding
- 04/1967
- Data as of
- 12/2021
- EIN
- 14-6024341
Organization Overview
Schenectady Patrolmens Benevolent Association is located in Schenectady, NY. The organization was established in 1967. According to its NTEE Classification (I60) the organization is classified as: Law Enforcement, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Schenectady Patrolmens Benevolent Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schenectady Patrolmens Benevolent Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Schenectady Patrolmens Benevolent Association generated $245.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $185.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION WAS FORMED TO PROMOTE AND DEVELOP A FRIENDLY AND FRATERNAL SPIRIT AND TO EXTEND BOTH MORAL AND MATERIAL AID AND BENEFIT TO ALL DESERVING MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WIDOWS AND ORPHANS DEATH BENEFITS - PROVIDES MONETARY RELIEF TO THE BENEFICIARIES OF THE PBA MEMBERS.
RETIREMENT FUND - EXPENSES INCURRED IN PROVIDING RETIRING MEMBERS MONETARY RELIEF IN THE YEAR OF RETIREMENT AND FOR EACH YEAR OF SERVICE AFTER RETIREMENT.
OTHER PROGRAM SERVICES
DONATIONS MADE TO VARIOUS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Mullen President | OfficerTrustee | 0.5 | $5,000 |
Robert Young Jr Vice Preside | OfficerTrustee | 0.5 | $2,500 |
Timothy Rizzo Vice Preside | OfficerTrustee | 0.5 | $2,500 |
Michael Hudson Treasurer | OfficerTrustee | 0.5 | $2,000 |
Nicholas Mannix Secretary | OfficerTrustee | 0.5 | $1,000 |
Chris Wilgocki Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,535 |
| Total Program Service Revenue | $158,150 |
| Investment income | $17,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,026 |
| Net Income from Fundraising Events | $8,156 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,863 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $66,173 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,383 |
| Fees for services: Accounting | $11,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,320 |
| Interest | $480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $256 |
| Insurance | $1,269 |
| All other expenses | $0 |
| Total functional expenses | $185,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $5,100 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $192,195 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $4,491 |
| Investments—publicly traded securities | $631,959 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,003,830 |
| Accounts payable and accrued expenses | $14,152 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,473 |
| Total liabilities | $18,625 |
| Net assets without donor restrictions | $985,205 |
| 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 | $1,003,830 |