Philmont Beautification Inc
- Assets
- $643.9k
- Revenue
- $112.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Philmont, NY
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 20-5877789
Organization Overview
Philmont Beautification Inc is located in Philmont, NY. The organization was established in 2010. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philmont Beautification Inc 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, Philmont Beautification Inc generated $112.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $145.7k during the year ending 12/2022. While expenses have increased by 10.3% per year over the past 5 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
PBI ENGAGES A GRASS ROOTS APPROACH TO DEVELOP AND INITIATE COMMUNITY ENHANCEMENT PROJECTS THAT COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS THROUGH PROGRAMS AIMED AT IMPROVING THE QUALITY OF COMMUNITY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL FOOD PROGRAM: 2022 PROJECTS INCLUDED CONTINUING TO CREATE A LOCAL FOOD SYSTEM LOCATED IN THE DOWNTOWN THROUGH A BROWNFIELD RE-ADAPT OF A FORMER GAS STATION/CONVENIENCE STORE TO A LOCAL FOOD DIRECT MARKET TO SERVE THE COMMUNITY WITH FRESH, HEALTHY LOCAL FOODS, INCLUDING PREPARED FOODS FROM A COMMERICAL KITCHEN, A 1,600 SQ FT VICTORY GARDEN AS A COVID RESPONSE PROJECT TO TEACH HEALTHY LIVING, SELF-SUFFICENCY BY GROWING, FREE HARVESTING TO THE COMMUNITY IN NEED OF FOOD ASSISTANCE, AND TEACHING KIDS & FAMILIIES HOW TO PREPARE MEALS IN PARTNRSHIP WITH OTHER LOCAL ORGS.
SMALL BUSINESS PROGRAM: 2022 PROJECTS INCLUDED CONTINUING TO DEVELOP THE MOM&POP SHOP PROJECT TO INCLUDE SMALL BUSINESS INCUBATION FOR PARTICIPANTS INCLUDING BUSINESS PLANS AND FINANCIAL PLANNING, AND PREPARATION TO OWN A STOREFRONT ON THE MAIN STREET. INITIATING NEW YORK MAIN STREET PROGRAM ARCHITECTRUAL TA ASSISTANCE TO 13 PROPERTY OWNERS AND DEVELOPING 113 MAIN ST TO SERVE AS A PBI SHOP AND VISITOR CENTER.
HOUSING PROGRAM: 2022 PROJECTS INCLUDED CONTINUING TO CREATE A VILLAGE WIDE HOUSING PLAN TO ENSURE DIVERSITY ACCESS TO AFFORDABLE HOUSING, AGING IN PLACE, AND WORKING FAMILIES EQUITABLE ACCESS TO OWNERSHIP OF HISTORIC HOUNG STOCK AND MIXED-USE STOREFRONTS CREATING LIVABLE NEIGHBORHOODS BY DEVELOPING A CULTURAL RESOURCES SURVEY, AND THE MOM&POP SHOP PROJECT AIMED AT TURNING STOREFRONT RENTALS TO BUSINESS OWNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Baker Co-Founder Executive Dir. | OfficerTrustee | 45 | $49,187 |
John Gourlay President | OfficerTrustee | 3 | $0 |
Carolyn Stern Co-Founder Secretary | OfficerTrustee | 5 | $0 |
Kate Martino Co-Founder Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,774 |
| Total Program Service Revenue | $8,100 |
| Investment income | $0 |
| 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 | $112,229 |
| 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. | $49,187 |
| Compensation of current officers, directors, key employees. | $8,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,288 |
| Fees for services: Accounting | $1,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $441 |
| Office expenses | $0 |
| Information technology | $4,595 |
| Royalties | $0 |
| Occupancy | $2,269 |
| Travel | $100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,304 |
| Insurance | $4,678 |
| All other expenses | $2,684 |
| Total functional expenses | $145,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $78,127 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $476,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $643,906 |
| Accounts payable and accrued expenses | $1,024 |
| 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 | $93,000 |
| Other liabilities | $283,429 |
| Total liabilities | $377,453 |
| Net assets without donor restrictions | $205,301 |
| Net assets with donor restrictions | $61,152 |
| 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 | $643,906 |