New York State Industries For The Disabled Inc
- Assets
- $95.9m
- Revenue
- $292.3m
- Investments
- $0.0
- Employees
- 88
- Location
- Albany, NY
- Founding
- 04/1976
- Data as of
- 09/2023
- EIN
- 13-2841179
Organization Overview
New York State Industries For The Disabled Inc is located in Albany, NY. The organization was established in 1976. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 09/2023, New York State Industries For The Disabled Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York State Industries For The Disabled 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 09/2023, New York State Industries For The Disabled Inc generated $292.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $290.2m during the year ending 09/2023. While expenses have increased by 3.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, New York State Industries For The Disabled Inc has awarded 16 individual grants totaling $235,226. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TURNING BUSINESS OPPORTUNITIES INTO JOBS FOR NEW YORK STATE RESIDENTS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NYSID'S PURPOSE AND, THEREFORE, PROGRAM OPPORTUNITY IS TO PROVIDE EMPLOYMENT AND OTHER OPPORTUNITIES FOR NEW YORKERS WITH DISABILITIES. DURING THIS REPORTING PERIOD, THE NUMBER OF INDIVIDUALS WITH DISABILITIES WORKING ON NYSID PREFERRED SOURCE CONTRACTS TOTALED 4,794 (EARNINGS AND WAGES IN EXCESS OF $79.8 MILLION). PREFERRED SOURCE EMPLOYMENT PROVIDES SOCIAL AND ECONOMIC ADVANTAGES TO PEOPLE AND FISCAL SUPPORT TO NEW YORK STATE. BY EMPLOYING PEOPLE RATHER THAN SUBSIDIZING THEM, NYSID JOBS MAKE CONNECTIONS TO BETTER LIVES FOR THE THOUSANDS OF INDIVIDUALS WORKING AT MEMBER AGENCY PRODUCTION FACILITIES, SOCIAL ENTERPRISES, PRIVATE CORPORATE PARTNERS, AND COMMUNITY PLACEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanfort Perry Chair | OfficerTrustee | 2.5 | $0 |
Patrick Bardsley Vice Chair | OfficerTrustee | 2.5 | $0 |
Douglas Digesare Secretary | OfficerTrustee | 2.5 | $0 |
G Allen Connely Treasurer | OfficerTrustee | 2.5 | $0 |
Kevin Crosley Past Chair | OfficerTrustee | 2.5 | $0 |
David Calhoun Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tag Solutions Llc Computer Support And Services | 9/29/23 | $191,697 |
David Aziz Outsource Cfo | 9/29/23 | $180,224 |
Sunteck Transport Co Llc Transportation | 9/29/23 | $100,207 |
Financial Statements
| 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $291,586,890 |
| Investment income | $524,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $219,290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,330,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,779 |
| 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. | $376,618 |
| Compensation of current officers, directors, key employees. | $222,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,573,717 |
| Pension plan accruals and contributions | $345,266 |
| Other employee benefits | $904,125 |
| Payroll taxes | $361,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,679 |
| Fees for services: Accounting | $55,024 |
| Fees for services: Lobbying | $90,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $572,080 |
| Advertising and promotion | $189,551 |
| Office expenses | $126,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,576 |
| Travel | $140,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $424,757 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,157 |
| Insurance | $57,843 |
| All other expenses | $396,235 |
| Total functional expenses | $290,244,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,310 |
| Savings and temporary cash investments | $1,376,507 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,531,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $81,812 |
| Inventories for sale or use | $2,069,039 |
| Prepaid expenses and deferred charges | $32,431 |
| Net Land, buildings, and equipment | $1,712,017 |
| Investments—publicly traded securities | $10,961,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,123 |
| Total assets | $95,931,408 |
| Accounts payable and accrued expenses | $62,769,222 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,399,820 |
| Other liabilities | $0 |
| Total liabilities | $66,169,042 |
| Net assets without donor restrictions | $29,762,366 |
| 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 | $95,931,408 |
Grants Awarded
Over the last fiscal year, New York State Industries For The Disabled Inc has awarded $65,591 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SPECTRUM DESIGNS FOUNDATION PURPOSE: MATCHING GRANT | $22,162 |
STEUBEN COUNTY ARC PURPOSE: PROVIDE OPPORTUNITIES FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. | $20,707 |
THE ARC ERIE COUNTY NEW YORK PURPOSE: MATCHING GRANT | $22,722 |