Nysernetorg Inc
- Assets
- $20.5m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Syracuse, NY
- Founding
- 12/1986
- Data as of
- 12/2021
- EIN
- 13-3378833
Organization Overview
Nysernetorg Inc is located in Syracuse, NY. The organization was established in 1986. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2021, Nysernetorg Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nysernetorg 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 12/2021, Nysernetorg Inc generated $10.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $9.4m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NYSERNET.ORG,INC.'S MISSION IS TO ADVANCE RESEARCH AND EDUCATIONAL MISSIONS OF OUR MEMBERS BY DELIVERING A FULL RANGE OF CUSTOMIZED, PROGRESSIVE, AND AFFORDABLE END-TO-END DATA AND NETWORKING TECHNOLOGY SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND EDUCATION NETWORK - PROVIDE ADVANCED NETWORKING TECHNOLOGIES AND APPLICATIONS TO SUPPORT RESEARCH AND EDUCATIONAL COLLABORATIONS AMONG NYSERNET'S MEMBER INSTITUTIONS AND THEIR PEER INSTITUTIONS.
NEW YORK CITY OPTICAL NETWORK - PROVIDE A FIBER OPTIC NETWORK IN MANHATTAN TO PROVIDE THE CITY'S LARGE EDUCATION, RESEARCH AND HEALTH INSTITUTIONS WITH MASSIVE NETWORKING CAPACITY.
DATA CONTINUITY CENTER - PROVIDE DISASTER RECOVERY AND BUSINESS CONTINUITY SERVICES FOR NYSERNET'S MEMBER INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen R Kankus President | OfficerTrustee | 39 | $268,478 |
James Kyriannis Chief Technology Officer | Officer | 40 | $247,848 |
William Owens Chief Network Architect | Officer | 40 | $194,757 |
Mary C Hyla Chief Financial Officer | Officer | 35 | $159,801 |
Robert Bloom Employee | 40 | $148,898 | |
Jeffrey Harrington Employee | 40 | $118,423 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $542,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,500 |
| Total Program Service Revenue | $9,400,364 |
| Investment income | $113,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,109,446 |
| 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. | $1,080,866 |
| Compensation of current officers, directors, key employees. | $445,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,305,724 |
| Pension plan accruals and contributions | $133,662 |
| Other employee benefits | $183,781 |
| Payroll taxes | $149,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,665 |
| Fees for services: Accounting | $20,400 |
| Fees for services: Lobbying | $24,386 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,937 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $87,164 |
| Information technology | $77,504 |
| Royalties | $0 |
| Occupancy | $1,311,519 |
| Travel | $5,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,530 |
| Interest | $42,508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,533,043 |
| Insurance | $78,355 |
| All other expenses | $454,480 |
| Total functional expenses | $9,429,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,456,425 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,035,556 |
| 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 | $807,211 |
| Net Land, buildings, and equipment | $4,908,359 |
| Investments—publicly traded securities | $7,303,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,634 |
| Total assets | $20,513,816 |
| Accounts payable and accrued expenses | $532,796 |
| Grants payable | $0 |
| Deferred revenue | $3,759,046 |
| 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 | $1,568,922 |
| Total liabilities | $5,860,764 |
| Net assets without donor restrictions | $14,653,052 |
| 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 | $20,513,816 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Auxiliary Services State University College At Oswego Inc Oswego, NY | $22,384,872 | $17,397,841 |
New York School Of Interior Design New York, NY | $51,839,026 | $19,439,647 |
Campus Auxiliary Services Inc Geneseo, NY | $17,284,029 | $15,748,461 |
American Friends Of University College Oxford Inc Glastonbury, CT | $206,820 | $11,471,477 |
Vermont College Of Fine Arts Inc Montpelier, VT | $16,896,015 | $9,896,722 |
Nysernetorg Inc Syracuse, NY | $20,513,816 | $10,109,446 |
University Auxiliary Services At Albany Inc Albany, NY | $43,160,685 | $14,879,703 |
Suny Cobleskill Auxiliary Services Inc Cobleskill, NY | $8,795,968 | $7,700,761 |
New York College Of Health Professions Syosset, NY | $13,423,184 | $7,322,070 |
Holy Apostles College & Seminary Cromwell, CT | $16,975,165 | $9,078,766 |
Central Yeshiva Tomchei Timimim Lubavitz Of The U S A Brooklyn, NY | $11,238,577 | $6,653,725 |
Ccsu Foundation Inc New Britain, CT | $90,256,311 | $11,725,462 |