Nysarc Inc
- Assets
- $12.6m
- Revenue
- $34.3m
- Investments
- $4.3k
- Employees
- 485
- Location
- Schenectady, NY
- Founding
- 05/1954
- Data as of
- 12/2022
- EIN
- 14-1459277
Organization Overview
Nysarc Inc is located in Schenectady, 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 12/2022, Nysarc Inc employed 485 individuals. This organization is a subordinate organization within 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 12/2022, Nysarc Inc generated $34.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $33.7m during the year ending 12/2022. While expenses have increased by 1.3% 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
2022
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
RESIDENTIAL SERVICES - COMMUNITY RESIDENTIAL PROGRAM PROVIDES A COMMUNITY-LIKE SETTING FOR INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES THROUGH A SMALL SUPERVISED GROUP SETTING. 113 PERSONS SERVED.
DAY SERVICES - SUPERVISED INSTRUCTIONAL PROGRAMS TO INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES WITH A FOCUS ON SOCIAL AND LIFE SKILLS. 180 PERSONS SERVED.
WORKSHOP - WORK ENVIRONMENT WHICH ALLOWS INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES TO PERFORM SIMPLE PRODUCTION TASKS IN A SUPERVISED SETTING TO ESTABLISH POSITIVE SELF-ESTEEM AND TRAIN FOR POSSIBLE ENTRY INTO THE WORK FORCE. 40 PERSONS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Churchman President | OfficerTrustee | 1 | $0 |
Tammy Krisher 1st Vice President | OfficerTrustee | 1 | $0 |
Karen Bona Financial Secretary | OfficerTrustee | 1 | $0 |
John White 1st Treasurer | OfficerTrustee | 1 | $0 |
John Bresonis 2nd Treasurer | OfficerTrustee | 1 | $0 |
Noreen Zido Recording Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,710,041 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,057 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,830,098 |
| Total Program Service Revenue | $28,098,591 |
| Investment income | $83,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $268,629 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,324,997 |
| 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. | $997,908 |
| Compensation of current officers, directors, key employees. | $997,908 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,337,500 |
| Pension plan accruals and contributions | $273,599 |
| Other employee benefits | $1,210,674 |
| Payroll taxes | $2,223,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,359 |
| Fees for services: Accounting | $48,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $849,885 |
| Advertising and promotion | $0 |
| Office expenses | $276,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $656,850 |
| Travel | $437,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $201,023 |
| Interest | $142,821 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $709,872 |
| Insurance | $232,404 |
| All other expenses | $895,588 |
| Total functional expenses | $33,682,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $774,332 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,530,946 |
| 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 | $203,553 |
| Net Land, buildings, and equipment | $2,782,078 |
| Investments—publicly traded securities | $2,072,117 |
| Investments—other securities | $4,294 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,269,869 |
| Total assets | $12,637,189 |
| Accounts payable and accrued expenses | $1,086,660 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,403,542 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $240,583 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,737,286 |
| Total liabilities | $6,468,071 |
| Net assets without donor restrictions | $6,169,118 |
| 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 | $12,637,189 |