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Nonprofit · EIN 36-4465022

DOWNTOWN SCHENECTADY IMPROVEMENT CORP

Tax-exempt · SCHENECTADY, NY 12305

Financials

$861K$924K2024$835K$757K2025
Revenue Expenses · by fiscal year end
Financials of DOWNTOWN SCHENECTADY IMPROVEMENT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$835,244$757,071$78,173$771,966$185,262$586,704
December 31, 2024990$861,146$924,114-$62,968$609,319$100,788$508,531
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$343,028
of which government grants
$300,000
Program service revenue
$487,586
Investment income
$4,630
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$100,447
Other salaries and wages
$295,855
Salaries, compensation and benefits (total)
$496,915
Professional fundraising fees
$0
Occupancy
$62,259
Depreciation
$30,360
Program services (functional)
$660,591
Management and general (functional)
$58,314
Fundraising (functional)
$38,166

Balance sheet and other

Total assets, start of year
$609,319
Total assets, end of year
$771,966
Total liabilities, end of year
$185,262
Net assets, end of year
$586,704
Land, buildings and equipment
$67,752
Net assets without donor restrictions
$586,704
Gross receipts
$835,244
Employees
14
Year formed
1978

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MAUREEN NEUFELDEXECUTIVE DI
Trustee or director
40$97,850$2,597
PHIL WAJDAPRESIDENT
Trustee or director, Officer
2$0$0
RAY LEGEREVICE PRESIDE
Trustee or director, Officer
2$0$0
ELLEN MCHALESECRETARY
Trustee or director, Officer
2$0$0
ANDREA CORTELYOUTREASURER
Trustee or director, Officer
2$0$0
AUSTIN FISHERTRUSTEE/DIRE
Trustee or director
1$0$0
MICHAEL BURNSBOARD MEMBER
Trustee or director
1$0$0
MITCH RAMSEYBOARD MEMBER
Trustee or director
1$0$0
BASHIR CHEDRAWEEBOARD MEMBER
Trustee or director
1$0$0
TATE OTTATIBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2024: 11 people
NameTitleHours / weekCompensation
MAUREEN NEUFELDEXECUTIVE DI
Trustee or director
40$82,212
HEATHER PETERSONPRESIDENT
Trustee or director, Officer
2$0
AUSTIN FISHERVICE PRESIDE
Trustee or director, Officer
2$0
RAY LEGERESECRETARY
Trustee or director, Officer
2$0
ANDREA CORTELYOUTREASURER
Trustee or director, Officer
2$0
MICHAEL BURNSBOARD MEMBER
Trustee or director
1$0
MITCH RAMSEYBOARD MEMBER
Trustee or director
1$0
PHIL WAJDABOARD MEMBER
Trustee or director
1$0
BASHIR CHEDRAWEEBOARD MEMBER
Trustee or director
1$0
ELLEN MCHALEBOARD MEMBER
Trustee or director
1$0
TATE OTTATIBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
740 UNION ST STE 3, SCHENECTADY, NY 12305-1540
Principal officer (990 for 2025)
MAUREEN NEUFELD, 740 UNION STREET 3RD FLOOR, SCHENECTADY, NY 12305
Signed the 990
MAUREEN NEUFELD, EXECUTIVE DIRECTOR
Phone
(518) 377-9430
Return prepared by
CUSACK & COMPANY CPA'S LLC

Mission

OUR MISSION IS TO PROMOTE DOWNTOWN SCHENECTADY AS A PREMIER LOCATION FOR COMMERCE, RECREATION AND RESIDENCE BY ENHANCING, FACILITATING AND SUPPORTING ECONOMIC GROWTH.

990 for the year ended December 31, 2025

Program accomplishments

  • ENVIRONMENTAL ENHANCEMENT - CONSIDERS THE CLEANLINESS AND VISUAL APPEAL OF DOWNTOWN SCHENECTADY TO BE AN ESSENTIAL PART OF ALL OTHER REDEVELOPMENT EFFORTS THROUGHOUT OUR DISTRICT. DAILY SIDEWALK MAINTENANCE, SEASONAL HANGING BASKETS, LANDSCAPING AND WINTER HOLIDAY DECORATIONS ARE JUST A FEW WAYS THAT WE ACHIEVE THIS GOAL.
    Expenses $496,176 · revenue $366,230
  • BUSINESS PROMOTION MARKETING PROGRAM - TO PROMOTE DOWNTOWN SCHENECTADY AS A DESTINATION FOR SHOPPING, DINING, RECREATION AND ENTERTAINMENT, AS WELL AS AN IDEAL PLACE TO LOCATE PROFESSIONAL OFFICES RANGING FROM SINGLE PROPRIETORSHIPS TO MAJOR CORPORATE HEADQUARTERS.
    Expenses $164,415 · revenue $121,356

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-4465022
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$771,966
Income (IRS master file)
$835,244

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025–––IRS
990December 2024–––IRS
990December 2023$1,516,362$1,577,327$752,540IRS
990December 2022$791,188$897,254$846,779IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about DOWNTOWN SCHENECTADY IMPROVEMENT CORP

What is the EIN of DOWNTOWN SCHENECTADY IMPROVEMENT CORP?
The employer identification number (EIN) of DOWNTOWN SCHENECTADY IMPROVEMENT CORP is 36-4465022.
Is DOWNTOWN SCHENECTADY IMPROVEMENT CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to DOWNTOWN SCHENECTADY IMPROVEMENT CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DOWNTOWN SCHENECTADY IMPROVEMENT CORP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DOWNTOWN SCHENECTADY IMPROVEMENT CORP due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DOWNTOWN SCHENECTADY IMPROVEMENT CORP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of DOWNTOWN SCHENECTADY IMPROVEMENT CORP?
The 990 for the year ended December 31, 2025 names MAUREEN NEUFELD.
Who are the officers and directors of DOWNTOWN SCHENECTADY IMPROVEMENT CORP?
The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $97,850 (MAUREEN NEUFELD, EXECUTIVE DI).
How much revenue does DOWNTOWN SCHENECTADY IMPROVEMENT CORP have?
On its 990 for the year ended December 31, 2025 it reported revenue of $835,244, expenses of $757,071 and total assets of $771,966 at year end.

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