Center For Discovery Magnet Services Corporation is located in Harris, NY. The organization was established in 2003. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Discovery Magnet Services Corporation 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 12/2021, Center For Discovery Magnet Services Corporation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL TRAINING, HOUSING ACCOMMODATIONS AND SPECIALLY DESIGNED FACILITIES, EQUIPPED AND OPERATED TO MEET THE PHYSICAL, MENTAL, (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST FAMILIES OF CHILDREN AND ADULT PHYSICAL MENTAL, AND DEVELOPMENTAL DISABILITIES IN OBTAINING RESIDENTIAL AND EDUCATIONAL SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edward C Sweeney Chair | OfficerTrustee | 0.08 | $0 |
Edward Giancontieri Vice Chair | OfficerTrustee | 0.08 | $0 |
Nelly Bly-Arougheti Vice Chair | OfficerTrustee | 0.08 | $0 |
William Myslinski PHD Treasurer | OfficerTrustee | 0.08 | $0 |
Michael J Dubilier Secretary | OfficerTrustee | 0.08 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $68,491 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $68,491 |
Total Program Service Revenue | $1,036,115 |
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 | $1,104,606 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
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 | $0 |
Fees for services: Accounting | $10,425 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,556,534 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,535 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $185,620 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $189,155 |
Accounts payable and accrued expenses | $189 |
Grants payable | $0 |
Deferred revenue | $1,398 |
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 | $0 |
Other liabilities | $1,613,378 |
Total liabilities | $1,614,965 |
Net assets without donor restrictions | -$1,425,810 |
Net assets with donor restrictions | $0 |
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 | $189,155 |
Organization Name | Assets | Revenue |
---|---|---|
Bread & Roses Community Fund Philadelphia, PA | $8,957,531 | $3,374,785 |
Imamia Medics International Inc Princeton, NJ | $2,935,135 | $3,395,301 |
Center For Discovery Magnet Services Corporation Harris, NY | $189,155 | $1,104,606 |
Confluence Philanthropy Inc New York, NY | $2,455,655 | $2,622,242 |
Edward And Mary Lord Foundation North Franklin, CT | $19,072,145 | $1,295,529 |
Fk Charitable Foundation Highland Mills, NY | $389,031 | $0 |
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Ugc Foundation Inc New Rochelle, NY | $4,768,783 | $576,034 |
M66 Foundation Inc New York, NY | $2,428,424 | $272,743 |
F Y Eye Inc New York, NY | $2,448,782 | $513,615 |
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Backpacks For Life Inc Jersey City, NJ | $420,764 | $332,260 |