Nysarc Inc
- Assets
- $18.9m
- Revenue
- $42.1m
- Investments
- $152.5k
- Employees
- 837
- Location
- Plattsburgh, NY
- Founding
- 05/1954
- Data as of
- 12/2022
- EIN
- 14-1463735
Organization Overview
Nysarc Inc is located in Plattsburgh, NY. The organization was established in 1954. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2022, Nysarc Inc employed 837 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 $42.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $41.9m during the year ending 12/2022. While expenses have increased by 5.8% 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
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
INDIVIDUAL RESIDENTIAL ALTERNATIVES - PROVIDES ROOM AND BOARD IN A COMMUNITY BASED GROUP LIVING ARRANGEMENT WITH PROTECTIVE OVERSIGHT TO ITS RESIDENTS
FISCAL INTERMEDIARY SERVICES - PROVIDES A MULTITUDE OF SUPPORTS, INCLUDING PROVIDING A COMPLIANT HIRING PROCESS WITH REQUISITE BACKGROUND CHECKS, REQUIRED TRAINING TO STAFF, PAYROLL AND BENEFITS (WHEN APPLICABLE) AND REIMBURSEMENTS BASED UPON THE INDIVIDUALIZED PLAN. THE FISCAL INTERMEDIARY ALSO COLLECTS AND REVIEWS ALL NECESSARY PAPERWORK AND DOCUMENTATION TO ENSURE COMPLIANCE WITH MEDICAID/OPWDD PAYMENTS
DAY HABILITATION - PROVIDES HABILITATION SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS. SERVICES HELP INDIVIDUALS ACHIEVE SATISFYING AND REWARDING CONNECTIONS AND RELATIONSHIPS WITHIN THEIR COMMUNITY THROUGH VOLUNTEER OPPORTUNITIES. SERVICES ALSO ASSIST INDIVIDUALS TO DEVELOP SKILLS TO ALLOW THEM TO BE MORE INDEPENDENT IN THEIR LIFE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ashe Board Member | Trustee | 1 | $0 |
Joanna Valente Orr Board Member | Trustee | 1 | $0 |
Jane Thomson Board Member | Trustee | 1 | $0 |
Merrilee Hamlin President | OfficerTrustee | 1 | $0 |
Cynthia Lacki Second Vice President | OfficerTrustee | 1 | $0 |
Robert Frenyea Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,633,268 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,855,911 |
| Total Program Service Revenue | $35,210,692 |
| Investment income | $35,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,146,836 |
| 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. | $321,392 |
| Compensation of current officers, directors, key employees. | $321,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,234,172 |
| Pension plan accruals and contributions | $655,685 |
| Other employee benefits | $3,557,367 |
| Payroll taxes | $1,208,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,267 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $632,094 |
| Advertising and promotion | $0 |
| Office expenses | $1,315,347 |
| Information technology | $173,757 |
| Royalties | $0 |
| Occupancy | $720,756 |
| Travel | $272,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $509,714 |
| Insurance | $394,737 |
| All other expenses | $463,572 |
| Total functional expenses | $41,933,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,748 |
| Savings and temporary cash investments | $1,080,821 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,827,747 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $66,627 |
| Prepaid expenses and deferred charges | $174,508 |
| Net Land, buildings, and equipment | $5,887,151 |
| Investments—publicly traded securities | $3,551,783 |
| Investments—other securities | $152,474 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,194,082 |
| Total assets | $18,946,941 |
| Accounts payable and accrued expenses | $3,903,923 |
| Grants payable | $0 |
| Deferred revenue | $669,957 |
| 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 | $2,082,840 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $957,399 |
| Total liabilities | $7,614,119 |
| Net assets without donor restrictions | $11,302,398 |
| Net assets with donor restrictions | $30,424 |
| 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 | $18,946,941 |