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Polus Center For Social And Economic Development

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.53M (2023)

Expenses
$2.44M (2023)

Total Assets
$512k (2023)

Total Liabilities
$201k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,530,356
Expenses
$2,443,802
Net Income
$86,554
Net Assets
$310,565
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,529,830
100.0%
Program Services $0
Investment Income $725
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $701
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $855,609
35.0%
Assets/Debt
Total Assets $511,659
Total Liabilities $201,094
Net Assets $310,565
Compensation
Key Employees and Officers Compensation Related Other
Michael Lundquist (Ceo Intl Programs) $107,140 $0 $27,264
Theresa Kane (Ceo Us Programs) $104,918 $0 $22,168
David S Derezinski (Director) $0 $0 $0
Nellie Zarif (President) $0 $0 $0
Stephen Petegorsky (Secretary) $0 $0 $0
Richard Nicolette (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,187,978
Expenses
$2,117,046
Net Income
$70,932
Net Assets
$222,700
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,089,619
95.5%
Program Services $303
0.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $5,070
0.2%
Net Fundraising -$2,473
Sales of Assets $95,115
4.3%
Net Inventory Sales $0
Other Revenue $344
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $180,372
8.5%
Professional Fundraising Fees $0
Other Salaries and Wages $454,813
21.5%
Assets/Debt
Total Assets $593,463
Total Liabilities $370,763
Net Assets $222,700
Compensation
Key Employees and Officers Compensation Related Other
Michael Lundquist (Ceo Intl Programs) $93,561 $0 $20,562
Theresa Kane (Ceo Us Programs) $86,811 $0 $19,717
Nellie Zarif (President) $0 $0 $0
Stephen Petegorsky (Secretary) $0 $0 $0
Richard Nicolette (Treasurer) $0 $0 $0
Dr Ej Welch (Director) $0 $0 $0
Chantale Zuzi (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,520,802
Expenses
$1,482,112
Net Income
$38,690
Net Assets
$151,407
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,500,701
98.7%
Program Services $0
Investment Income $354
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $22,200
1.5%
Net Fundraising -$3,549
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,096
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $172,285
11.6%
Professional Fundraising Fees $0
Other Salaries and Wages $302,399
20.4%
Assets/Debt
Total Assets $594,248
Total Liabilities $442,841
Net Assets $151,407
Compensation
Key Employees and Officers Compensation Related Other
Michael Lundquist (Ceo) $89,526 $0 $25,681
Theresa Kane (Former Secretary) $82,760 $0 $15,498
Nelli Zarif (President) $0 $0 $0
Michelle Miller (Vice President) $0 $0 $0
Stephen Petegorsky (Secretary Thru 2024) $0 $0 $0
Richard Nicolette (Treasurer) $0 $0 $0
William Reid (Director) $0 $0 $0
John Burger (Director) $0 $0 $0
Rev Richard Fournier (Director) $0 $0 $0
David S Derezinski (Director) $0 $0 $0
Dr Ej Welch (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,610,100
Expenses
$1,608,077
Net Income
$2,023
Net Assets
$111,563
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,581,522
98.2%
Program Services $0
Investment Income $1,230
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $22,200
1.4%
Net Fundraising $2,130
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,018
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $169,724
10.6%
Professional Fundraising Fees $0
Other Salaries and Wages $277,638
17.3%
Assets/Debt
Total Assets $551,150
Total Liabilities $439,587
Net Assets $111,563
Compensation
Key Employees and Officers Compensation Related Other
Michael Lundquist (Chief Executive Officer) $89,446 $0 $34,591
Theresa Kane (Secretary) $80,278 $0 $30,104
Rev Richard Fournier (President) $0 $0 $0
Nellie Zarif (Vice President) $0 $0 $0
Dr Ej Welch (Treasurer) $0 $0 $0
John Burger (Director) $0 $0 $0
David Derezinski (Director) $0 $0 $0
Michelle Miller (Director) $0 $0 $0
Stephen Petegorsky (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,676,043
Expenses
$1,633,218
Net Income
$42,825
Net Assets
$110,088
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,641,253
97.9%
Program Services $0
Investment Income $556
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $24,800
1.5%
Net Fundraising $6,928
0.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,506
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $166,573
10.2%
Professional Fundraising Fees $0
Other Salaries and Wages $243,780
14.9%
Assets/Debt
Total Assets $670,449
Total Liabilities $560,361
Net Assets $110,088
Compensation
Key Employees and Officers Compensation Related Other
Michael Lundquist (Chief Executive Officer) $93,097 $0 $34,793
Theresa Kane (Clerk/Secretary) $85,025 $0 $26,898
Rev Richard Fournier (President) $0 $0 $0
Nellie Zarif (Vice President) $0 $0 $0
Dr Ej Welch (Treasurer) $0 $0 $0
John Burger (Director) $0 $0 $0
David Derezinski (Director) $0 $0 $0
Michelle Miller (Director) $0 $0 $0
Stephen Petegorsky (Director) $0 $0 $0
William Reid (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,830,746
Expenses
$1,827,336
Net Income
$3,410
Net Assets
$83,857
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,843,979
> 100%
Program Services $0
Investment Income $771
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$26,558
Net Fundraising $397
0.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,157
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $194,161
10.6%
Professional Fundraising Fees $0
Other Salaries and Wages $214,512
11.7%
Assets/Debt
Total Assets $602,354
Total Liabilities $518,497
Net Assets $83,857
Compensation
Key Employees and Officers Compensation Related Other
Michael Lundquist (Chief Executive Officer) $111,277 $0 $21,664
Theresa Kane (Clerk/Chief Operating Offi) $99,947 $0 $15,714
Stephen Petergorsky (Director) $0 $0 $0
John Burger (Director) $0 $0 $0
David Derezinski (Director) $0 $0 $0
Dr Ej Welch (Treasurer) $0 $0 $0
Rev Richard Fournier (President) $0 $0 $0
Michelle Miller (Director) $0 $0 $0
Nellie Zarif (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,334,408
Expenses
$1,318,411
Net Income
$15,997
Net Assets
$80,359
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,340,397
> 100%
Program Services $0
Investment Income $600
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$16,534
Net Fundraising $3,313
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,632
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $266,825
20.2%
Professional Fundraising Fees $0
Other Salaries and Wages $80,548
6.1%
Assets/Debt
Total Assets $749,714
Total Liabilities $669,355
Net Assets $80,359
Compensation
Key Employees and Officers Compensation Related Other
Michael Lundquist (Chief Executive Officer) $102,042 $0 $0
Theresa Kane (Clerk/Chief Operating Offi) $96,516 $0 $0
S Tephen Petergorsky (President) $0 $0 $0
John Burger (Vice President) $0 $0 $0
David Derezinski (Director) $0 $0 $0
Dr Ej Welch (Treasurer) $0 $0 $0
Rev Richard Fournier (Director) $0 $0 $0
William Rosen (Director) $0 $0 $0
Michelle Miller (Director) $0 $0 $0
Alam Dernalowicz (Director) $0 $0 $0
Nellie Zarif (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,373,900
Expenses
$1,381,368
Net Income
-$7,468
Net Assets
$63,548
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,332,526
97.0%
Program Services $0
Investment Income $173
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$15,245
Net Fundraising $9,306
0.7%
Sales of Assets $30,206
2.2%
Net Inventory Sales $5,484
0.4%
Other Revenue $11,450
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $231,206
16.7%
Professional Fundraising Fees $0
Other Salaries and Wages $117,657
8.5%
Assets/Debt
Total Assets $545,014
Total Liabilities $481,466
Net Assets $63,548
Compensation
Key Employees and Officers Compensation Related Other
Michael Lundquist (Chief Executive Officer) $87,029 $0 $5,229
Theresa Kane (Clerk/Chief Operating Officer) $80,411 $0 $2,753
S Tephen Petergorsky (President) $0 $0 $0
Gary Gruber (Director) $0 $0 $0
John Burger (Vice President) $0 $0 $0
Greg Stone (Director) $0 $0 $0
Dr Ej Welch (Treasurer) $0 $0 $0
Rev Richard Fournier (Director) $0 $0 $0
William Rosen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,974,017
Expenses
$2,897,757
Net Income
$76,260
Net Assets
$70,328
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,688,575
90.4%
Program Services $0
Investment Income $165
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$18,601
Net Fundraising $0
Sales of Assets -$10,472
Net Inventory Sales $39,350
1.3%
Other Revenue $275,000
9.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $180,601
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $516,920
17.8%
Assets/Debt
Total Assets $655,171
Total Liabilities $584,843
Net Assets $70,328
Compensation
Key Employees and Officers Compensation Related Other
Michael Lundquist (Chief Executive Officer) $91,605 $0 $23,169
Theresa Kane (Chief Operating Officer) $78,398 $0 $14,679
Stephen Petergorsky (President) $0 $0 $0
Gary Gruber (Director) $0 $0 $0
Dr Alison Cowl Nicolletti (Clerk/Secretary) $0 $0 $0
John Burger (Vice President) $0 $0 $0
Greg Stone (Director) $0 $0 $0
Dr Ej Welch (Treasurer) $0 $0 $0
Rev Richard Fournier (Director) $0 $0 $0
Carrie Schuchardt (Director) $0 $0 $0
William Rosen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,152,345
Expenses
$3,143,556
Net Income
$8,789
Net Assets
-$5,871
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,194,098
> 100%
Program Services $0
Investment Income $740
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$84,595
Net Fundraising $0
Sales of Assets -$6,189
Net Inventory Sales $30,521
1.0%
Other Revenue $17,770
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $214,641
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $446,934
14.2%
Assets/Debt
Total Assets $669,893
Total Liabilities $675,764
Net Assets -$5,871
Compensation
Key Employees and Officers Compensation Related Other
Michael Lundquist (Chief Executive Officer) $101,491 $0 $17,316
Theresa Kane (Chief Operating Officer) $92,902 $0 $17,257
Stephen Petergorsky (President) $0 $0 $0
Gary Gruber (Director) $0 $0 $0
Dr Alison Cowl Nicolletti (Clerk/Secretary) $0 $0 $0
Carrie Schuchardt (Vice President) $0 $0 $0
Greg Stone (Director) $0 $0 $0
Dr Ej Welch (Treasurer) $0 $0 $0
Rev Richard Fournier (Director) $0 $0 $0
John Burger (Director) $0 $0 $0
William Rosen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,922,600
Expenses
$4,278,270
Net Income
-$355,670
Net Assets
-$14,660
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,910,970
99.7%
Program Services $0
Investment Income $179
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$25,236
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $18,917
0.5%
Other Revenue $17,770
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $244,328
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $498,536
11.7%
Assets/Debt
Total Assets $1,087,681
Total Liabilities $1,102,341
Net Assets -$14,660

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,856,930
Expenses
$4,917,174
Net Income
-$60,244
Net Assets
$341,010
Notable Sources of Revenue Percent of Total Revenue
Contributions $99,177
2.0%
Program Services $4,737,178
97.5%
Investment Income $405
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$51,143
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $57,757
1.2%
Other Revenue $13,556
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $284,379
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $445,058
9.1%
Assets/Debt
Total Assets $1,354,503
Total Liabilities $1,013,493
Net Assets $341,010

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,516,785
Expenses
$3,437,201
Net Income
$79,584
Net Assets
$401,152
Notable Sources of Revenue Percent of Total Revenue
Contributions $88,644
2.5%
Program Services $3,469,808
98.7%
Investment Income $480
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$60,847
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,700
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $253,140
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $422,857
12.3%
Assets/Debt
Total Assets $1,166,299
Total Liabilities $765,147
Net Assets $401,152

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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