Colonie Youth Center Inc
- Assets
- $13.4m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 234
- Location
- Latham, NY
- Founding
- 03/1966
- Data as of
- 12/2023
- EIN
- 14-1492095
Organization Overview
Colonie Youth Center Inc is located in Latham, NY. The organization was established in 1966. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Colonie Youth Center Inc employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colonie Youth Center 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 12/2023, Colonie Youth Center Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $6.7m during the year ending 12/2023. While expenses have increased by 1.0% per year over the past 9 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
TO PROVIDE PROGRAMS AND SERVICES TO ENHANCE THE LIVING EXPERIENCE OF ALL PEOPLE IN THE GREATER CAPITAL REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CDPHP FITNESS CONNECT AT THE CICCOTTI CENTER - MULTI GENERATIONAL RECREATION AND WELLNESS CENTER.
UNIVERSAL PRE-K - TO PROVIDE UNIVERSAL PRE-KINDERGARTEN CLASSROOM INSTRUCTION FOR 4-YEAR OLD STUDENTS.
SCHOOL AGE CHILD CARE - TO PROVIDE BEFORE AND AFTER SCHOOL PROGRAMS FOR THE BENEFIT OF CHILDREN AND ADULTS WITHIN THE TOWN OF COLONIE.
SUMMER CAMP - TO PROVIDE WORTHWHILE ACTIVITIES FOR CHILDREN DURING THE SUMMER MONTHS SO THAT CHILDREN MAY INTERACT IN A SAFE AND SUPERVISED ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Caruso Executive Di | Trustee | 40 | $131,151 |
Brian Schneider President | OfficerTrustee | 1 | $0 |
Michael Durand Vice Preside | OfficerTrustee | 1 | $0 |
Lauren Ligreci Treasurer | OfficerTrustee | 1 | $0 |
Dr Gina Cosgrove Secretary | OfficerTrustee | 1 | $0 |
Michael Marohn Immediate Pa | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Power Wellness Management Management And Marketing | 12/30/15 | $150,000 |
Turner Construction Construction | 12/30/15 | $312,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $284 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $853,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $317,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,171,990 |
| Total Program Service Revenue | $5,011,786 |
| Investment income | $14,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,359 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,561,542 |
| 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. | $131,151 |
| Compensation of current officers, directors, key employees. | $26,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,992,365 |
| Pension plan accruals and contributions | $21,406 |
| Other employee benefits | $129,541 |
| Payroll taxes | $161,629 |
| Fees for services: Management | $172,934 |
| Fees for services: Legal | $18,011 |
| Fees for services: Accounting | $20,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,774 |
| Advertising and promotion | $176,424 |
| Office expenses | $206,500 |
| Information technology | $106,671 |
| Royalties | $0 |
| Occupancy | $256,097 |
| Travel | $15,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,061 |
| Interest | $282,799 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $567,182 |
| Insurance | $114,132 |
| All other expenses | $91,257 |
| Total functional expenses | $6,665,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,069 |
| Savings and temporary cash investments | $416,553 |
| Pledges and grants receivable | $610,463 |
| Accounts receivable, net | $291,023 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,311 |
| Prepaid expenses and deferred charges | $42,734 |
| Net Land, buildings, and equipment | $10,833,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $750,570 |
| Total assets | $13,398,464 |
| Accounts payable and accrued expenses | $823,941 |
| Grants payable | $0 |
| Deferred revenue | $695,711 |
| 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 | $7,595,950 |
| Unsecured mortgages and notes payable | $22,262 |
| Other liabilities | $85,632 |
| Total liabilities | $9,223,496 |
| Net assets without donor restrictions | $4,174,968 |
| 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 | $13,398,464 |