DOWNTOWN SYRACUSE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

DOWNTOWN SYRACUSE FOUNDATION INC

EIN 45-5419583 · Community & Neighborhood Development (S20)

What they do

to CONDUCT RESEARCH, IDENTIFY BEST POLICIES and PRACTICES, SECURE RESOURCES and IMPLEMENT PROGRAMS and PROJECTS to SUPPORT THE REVITALIZATION of DOWNTOWN SYRACUSE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

94.00%of revenue went to mission work93.9% of expenses · Program services

$100.11spent for every $100 of revenueSpending was higher than revenue this year.

6.11%of revenue went to management and office costs6.1% of expenses

$1.82in assets for every $1 spent this yearSome assets cannot be spent right away.

86.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $349 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$329,189

Mission workProgram services$309,42894.00% of revenue93.9% of expenses

ManagementOffice and general costs$20,1106.11% of revenue6.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$329,538100.11% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202493.9% mission

202394.9% mission

202298.6% mission

202159.8% mission

202085.2% mission

201993.1% mission

201895.5% mission

201756.9% mission

Money in and money out

Revenue$329,189

Expenses$329,538

Annual shortfall $349 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$309,428 · 93.9% of expenses

Management and office costs$20,110 · 6.1% of expenses

See all reported dollar amounts

Revenue$329,189

Expenses$329,538

Assets$598,259

Income$329,189

Contributions$283,040

Mission work (program services)$309,428

Grants given$289,950

Average grant$20,711

Management and general$20,110

Accounting fees$1,650

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

See everyone listed on the board or leadership roster (6)

BRIAN PETRANCHUKTREASURER

LINDSAY WEICHERTVICE CHAIR/SECRETARY

MERIKE TREIERPRESIDENT/CEO

MICHAEL SGROMEMBER

NICOLE SAMOLISCHAIR

STEVEN L AIELLOMEMBER

About this charity

Recognized since: January 2012
Location: 115 WEST FAYETTE STREET, SYRACUSE, NY 13202
County: Onondaga
In care of: MERIKE TREIER
Primary officer: MERIKE TREIER, PRESIDENT/CEO

How to reach them

WebsiteVisit the charity’s website Emailmail@downtownsyracuse.com Phone(315) 470-1800

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: FUSTCHARLES LLP
NTEE classification: Community & Neighborhood Development (S20)
IRS tax category: Community & Neighborhood Development
Grant-giving organization: Yes