New York State Government Finance Officers Association Inc
- Assets
- $663.5k
- Revenue
- $455.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Albany, NY
- Founding
- 06/1992
- Data as of
- 12/2020
- EIN
- 11-2524715
Organization Overview
New York State Government Finance Officers Association Inc is located in Albany, NY. The organization was established in 1992. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, New York State Government Finance Officers Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York State Government Finance Officers Association Inc 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 12/2020, New York State Government Finance Officers Association Inc generated $455.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $426.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NYSGFOA IS TO STRENGTHEN THE CAPACITY OF GOVERNMENT FINANCE PROFESSIONALS TO MANAGE PUBLIC FINANCES EFFECTIVELY AND RESPONSIBLY, AND TO USE THE COLLECTIVE KNOWLEDGE AND EXPERTISE OF ITS MEMBERS FOR THE PUBLIC BENEFIT BY ENHANCING EFFICIENCY AND ACCOUNTABILITY THROUGHOUT NEW YORK STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL CONFERENCE IS A MULTI-DAY PROFESSIONAL DEVELOPMENT, NETWORKING, AND PRODUCT/SERVICE INFORMATION EVENT. THE CONFERENCE PROVIDES 8+ SKILL- BUILDING SEMINARS AND OVER 20 TOPICAL SESSIONS ON A VARIETY OF GOVERNMENT FINANCE ISSUES. THE EVENT ALSO PROVIDES OPPORTUNITIES FOR ATTENDEES TO NETWORK WITH OTHERS IN THE FIELD TO GATHER IDEAS AND DISCUSS SOLUTIONS TO COMMON PROBLEMS AND CREATE EFFICIENCIES.
REGIONAL SEMINARS ARE HALF, FULL DAY, OR TWO DAY PROFESSIONAL DEVELOPMENT PROGRAMS OFFERED ACROSS THE STATE FOCUSING ON CORE FUNCTIONS OF GOVERNMENT FINANCE RANGING FROM TECHNICAL AND REGULATORY TRAINING TO INFORMATIONON THE LATEST TRENDS AND DEVELOPMENTS IN THE GOVERNMENT FINANCE INDUSTRY. THESE EVENTS ALSO PROVIDE PARTICIPANTS AN OPPORTUNITY TO COMMUNICATE AND DISCUSS ISSUES WITH THEIR PEERS.
THE QUARTERLY MAGAZINE PROVIDES MEMBERS WITH ARTICLES ON ISSUES RELATED TO GOVERNMENT FINANCE MANAGEMENT, REGULATORY CHANGES, LAWS, ECONOMIC AND TAX RELATED INFORMATION, GUIDANCE FROM OVERSIGHT AGENCIES AND ORGANIZATIONS, HUMAN RESOURCE MANAGEMENT, ETC. THE MAGAZINE INCLUDES ADVERTISEMENTS FROM COMPANIES THAT PROVIDE PRODUCTS OR SERVICES TO GOVERNMENT FINANCE PROFESSIONALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maura Ryan Executive Di | Officer | 40 | $85,582 |
Jennifer Mulligan President | OfficerTrustee | 1 | $0 |
Patricia Caporale President El | OfficerTrustee | 1 | $0 |
John Savash II Secretary | OfficerTrustee | 1 | $0 |
Kristie Hansen-Hightower Vice Preside | OfficerTrustee | 1 | $0 |
David Rizzari Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,200 |
| Investment income | $1,069 |
| 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 | $455,551 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,713 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,813 |
| Pension plan accruals and contributions | $7,430 |
| Other employee benefits | $35,513 |
| Payroll taxes | $19,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,754 |
| Advertising and promotion | $0 |
| Office expenses | $24,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,038 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,911 |
| Insurance | $8,967 |
| All other expenses | $0 |
| Total functional expenses | $426,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,970 |
| 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 | $26,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,224 |
| Total assets | $663,520 |
| Accounts payable and accrued expenses | $86,522 |
| Grants payable | $0 |
| Deferred revenue | $187,616 |
| 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 | $0 |
| Total liabilities | $274,138 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $389,382 |
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