Nysarc Inc
- Assets
- $27.8m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 83
- Location
- Latham, NY
- Founding
- 05/1954
- Data as of
- 05/2023
- EIN
- 13-5678837
Organization Overview
Nysarc Inc is located in Latham, NY. The organization was established in 1954. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 05/2023, Nysarc Inc employed 83 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Nysarc 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 05/2023, Nysarc Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $10.6m during the year ending 05/2023. While expenses have increased by 1.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NYSARC WAS FOUNDED IN 1949 TO MEET A CRITICAL MISSION - TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NYSARC OFFERS A FULL RANGE OF TRUST SERVICES, ADMINISTRATION OF POOLED TRUSTS, AS WELL AS FIRST- AND THIRD-PARTY INDIVIDUAL TRUSTS, ALL OF WHICH ARE DESIGNED TO MEET THE NEEDS OF PEOPLE WITH ANY TYPE OF DISABILITY. ALL QUALIFY AS SUPPLEMENTAL NEEDS TRUSTS. A SUPPLEMENTAL NEEDS TRUST IS A WAY TO SET ASIDE FUNDS TO ENHANCE THE QUALITY OF LIFE OF AN INDIVIDUAL WITH SPECIAL NEEDS WITHOUT RISKING THAT PERSON'S BENEFITS UNDER VARIOUS GOVERNMENT PROGRAMS.
OTHER PROGRAMS
THE PROVISION OF EDUCATION, TRAINING, REHABILITATION AND RESEARCH FOR INDIVIDUALS WITH INTELLECTUAL AND OTHER DISABILITIES. AS A LEADING ADVOCATE FOR PERSONS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES, THE ORGANIZATION PROVIDES SUPPORT, INFORMATION, DIRECTION AND OTHER SERVICES.
THE ORGANIZATION PROVIDES TRAINING, FINANCIAL SUPPORT AND TECHNICAL LEGAL ASSISTANCE THROUGH A STATEWIDE GUARDIANSHIP PROGRAM. THE PROGRAM IS ADMINISTERED THROUGH NYSARC'S STATE OFFICE AND SERVES INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Irish Vice President, Western Re | OfficerTrustee | 1 | $0 |
Ellen Feldman Vice President, Central Re | OfficerTrustee | 1 | $0 |
Steven Drobysh Treasurer (central Region) | OfficerTrustee | 1 | $0 |
Anne Marie Lockhart Board Member | Trustee | 1 | $0 |
Rosa Rodriguez Secretary (metro Region) | OfficerTrustee | 1 | $0 |
Dr John Kowalczyk President (central Region) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ma Wallingford Consulting | 5/30/15 | $496,225 |
British American Rent | 5/30/15 | $320,464 |
Manatt Phelps & Phillips Llp Legal | 5/30/15 | $268,090 |
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 | $5,578,549 |
| Investment income | $245,139 |
| 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 | $9,976,594 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $817,021 |
| Compensation of current officers, directors, key employees. | $817,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,369,717 |
| Pension plan accruals and contributions | $505,601 |
| Other employee benefits | $923,275 |
| Payroll taxes | $359,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $151,621 |
| Fees for services: Accounting | $101,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,730,605 |
| Advertising and promotion | $166,148 |
| Office expenses | $490,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $411,941 |
| Travel | $62,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106,589 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,772 |
| Insurance | $0 |
| All other expenses | $48,077 |
| Total functional expenses | $10,645,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $1,200,404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $505,574 |
| 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 | $87,823 |
| Investments—publicly traded securities | $8,597,041 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,375,100 |
| Total assets | $27,766,342 |
| Accounts payable and accrued expenses | $1,502,644 |
| 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 | $0 |
| Other liabilities | $15,933,768 |
| Total liabilities | $17,436,412 |
| Net assets without donor restrictions | $10,226,393 |
| Net assets with donor restrictions | $103,537 |
| 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 | $27,766,342 |