Nysernetorg Inc
- Assets
- $26.4m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 20
- Location
- Syracuse, NY
- Founding
- 12/1986
- Data as of
- 12/2022
- 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 12/2022, Nysernetorg Inc employed 20 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 12/2022, Nysernetorg Inc generated $9.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $9.9m during the year ending 12/2022. 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
2022
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 | $148,194 |
Julie Myers Director | Trustee | 1 | $0 |
Juan Montes Chair | OfficerTrustee | 2 | $0 |
Gary Roberts Vice Chair | OfficerTrustee | 2 | $0 |
Robert Juckiewicz Treasurer | OfficerTrustee | 2 | $0 |
Simeon Ananou Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $532,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $674,930 |
| Total Program Service Revenue | $9,120,831 |
| Investment income | $140,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$51,624 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,936,355 |
| 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. | $1,161,539 |
| Compensation of current officers, directors, key employees. | $623,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,406,367 |
| Pension plan accruals and contributions | $149,370 |
| Other employee benefits | $206,436 |
| Payroll taxes | $167,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,604 |
| Fees for services: Accounting | $25,100 |
| Fees for services: Lobbying | $7,897 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,717 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $60,670 |
| Information technology | $137,704 |
| Royalties | $0 |
| Occupancy | $1,312,863 |
| Travel | $43,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,085 |
| Interest | $35,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,304,188 |
| Insurance | $113,901 |
| All other expenses | $844,634 |
| Total functional expenses | $9,945,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,525,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,563,937 |
| 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 | $880,807 |
| Net Land, buildings, and equipment | $10,917,011 |
| Investments—publicly traded securities | $6,543,063 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,439 |
| Total assets | $26,438,964 |
| Accounts payable and accrued expenses | $349,617 |
| Grants payable | $0 |
| Deferred revenue | $3,682,430 |
| 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 | $8,550,030 |
| Total liabilities | $12,582,077 |
| Net assets without donor restrictions | $13,856,887 |
| 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 | $26,438,964 |