NORWICH BUILDING TOMORROW FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
NORWICH BUILDING TOMORROW FOUNDATION INC (EIN 27-4317873)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-12
IRS object ID
202443179349305664
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-12T14:13:14-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN270641509PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1REGAN LEVIN BLOSS BROWN & SAVCHAK PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1645 HAMILTON ST STE 602AddressLine1Txt
CityALLENTOWNCityNm
State AbbreviationPAStateAbbreviationCd
ZIP181012195ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274317873EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NORWICH BUILDING TOMORROWBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlNORWBusinessNameControlTxt
Phone6073376399PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line152 SOUTH BROAD STAddressLine1Txt
CityNORWICHCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13815ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOE STAGLIANOPersonNm
Person TitleVICE CHAIRPersonTitleTxt
Phone6073376246PhoneNum
Signature2024-06-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN T REGAN CPAPreparerPersonNm
PTINP00371796PTIN
Phone6104347700PhoneNum
Preparation2024-11-12PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1CO M DIETRICHBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerMARTIN DIETRICHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line152 SOUTH BROAD STREETAddressLine1Txt
CityNORWICHCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13815ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,235,648GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2010FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTHE CORPORATION'S PURPOSE SHALL BE TO FURTHER THE ECONOMIC DEVELOPMENT OF THE NORWICH, NY COMMUNITY AND ENVIRONS, AND IT SHALL HAVE AUTHORITY TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF ECONOMIC CONCERNS IN THE AREAS COVERED BY THEIR OPERATIONS.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$619,750PYContributionsGrantsAmt
CY Contributions Grants$1,204,450CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$10,748PYInvestmentIncomeAmt
CY Investment Income$30,847CYInvestmentIncomeAmt
CY Other Revenue$351CYOtherRevenueAmt
PY Total Revenue$630,498PYTotalRevenueAmt
CY Total Revenue$1,235,648CYTotalRevenueAmt
PY Grants And Similar Paid$525,377PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$319,704CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$7,658PYOtherExpensesAmt
CY Other Expenses$21,329CYOtherExpensesAmt
PY Total Expenses$533,035PYTotalExpensesAmt
CY Total Expenses$341,033CYTotalExpensesAmt
PY Revenues Less Expenses$97,463PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$894,615CYRevenuesLessExpensesAmt
Total Assets BOY$890,643TotalAssetsBOYAmt
Total Assets EOY$1,854,220TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$890,643NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,854,220NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE CORPORATION'S PURPOSE SHALL BE TO FURTHER THE ECONOMIC DEVELOPMENT OF THE NORWICH, NY COMMUNITY AND ENVIRONS, AND IT SHALL HAVE AUTHORITY TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF ECONOMIC CONCERNS IN THE AREAS COVERED BY THEIR OPERATIONS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$319,704ExpenseAmt
Grant$319,704GrantAmt
DescPROVIDE AND PROMOTE THE GROWTH AND ECONOMIC DEVELOPMENT OF THE COMMUNITY IN THE AREAS COVERED BY ITS OPERATIONS.Desc
Total Program Service Expenses$319,704TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document12IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcfalseRegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMARTIN DIETRICHPersonNm
Phone6073376399PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line152 SOUTH BROAD STREETAddressLine1Txt
CityNORWICHCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13815ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
MARTIN DIETRICH
CHAIRYes (X)$0$0$0
JOE STAGLIANO
VICE CHAIRYes (X)$0$0$0
LOU CALLEA
SECRETARYYes (X)$0$0$0
ERIC LARSEN
TREASURERYes (X)$0$0$0
RICHARD MIRABITO
BOARD MEMBER$0$0$0Yes (X)
TOM SUTTON
SECRETARY$0$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Related Organizations$3,100RelatedOrganizationsAmt
All Other Contributions$1,201,350AllOtherContributionsAmt
Total Contributions$1,204,450TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$30,847TotalRevenueColumnAmt
Related Or Exempt Func Income$30,847RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescBOOTH RENTALDesc
Total Revenue Column$351TotalRevenueColumnAmt
Related Or Exempt Func Income$351RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$351OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,235,648TotalRevenueColumnAmt
Related Or Exempt Func Income$31,198RelatedOrExemptFuncIncomeAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$319,704TotalAmt
Program Services$319,704ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$6,480TotalAmt
Management And General$6,480ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$14,849TotalAmt
Management And General$14,849ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$341,033TotalAmt
Program Services$319,704ProgramServicesAmt
Management And General$21,329ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$123,457BOYAmt
EOY$27,022EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$297,621BOYAmt
EOY$1,276,137EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$469,565BOYAmt
EOY$551,061EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$890,643BOYAmt
EOY$1,854,220EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$890,643BOYAmt
EOY$1,854,220EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$890,643BOYAmt
EOY$1,854,220EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$890,643BOYAmt
EOY$1,854,220EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$894,615ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$68,962NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$27,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$25,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$619,750CurrentTaxYearMinus1YearAmt
Current Tax Year$1,204,450CurrentTaxYearAmt
Total$1,876,200TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$27,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$25,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$619,750CurrentTaxYearMinus1YearAmt
Current Tax Year$1,204,450CurrentTaxYearAmt
Total$1,876,200TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$1,876,200PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$743CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$767CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$480CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$404CurrentTaxYearMinus1YearAmt
Current Tax Year$30,847CurrentTaxYearAmt
Total$33,241TotalAmt
FieldValueIRS element (for citing)
Total Support$1,909,441TotalSupportAmt
Gross Receipts Rltd Activities$54,508GrossReceiptsRltdActivitiesAmt
Public Support CY1700.98260PublicSupportCY170Pct
Public Support PY1700.99540PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescMARKETABLE SECURITIESDesc
Book Value$551,061BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$551,061TotalBookValueOtherAssetsAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
HOME BEAUTIFICATION PROGR7$67,296
HOME BEAUTIFICATION TO CO5$252,408

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTHE CORPORATION'S PURPOSE SHALL BE TO FURTHER THE ECONOMIC DEVELOPMENT OF THE NORWICH, NY COMMUNITY AND ENVIRONS, AND IT SHALL HAVE AUTHORITY TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF ECONOMIC CONCERNS IN THE AREAS COVERED BY THEIR OPERATIONS.
FORM 990, PAGE 6, PART VI, LINE 2MARTIN DIETRICH JOE STAGLIANO CHAIRPERSON BOARD MEMBER BUSINESS RELATIONSHIP
FORM 990, PAGE 6, PART VI, LINE 11BFORM 990 IS REVIEWED BY THE CHAIR AND TREASURER, AND/OR THEIR DESIGNATED REPRESENTATIVE, PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAW.

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