Altamont Program Inc
- Assets
- $4.3m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 155
- Location
- Schenectady, NY
- Founding
- 03/1990
- Data as of
- 12/2022
- EIN
- 14-1708881
Organization Overview
Altamont Program Inc is located in Schenectady, NY. The organization was established in 1990. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Altamont Program Inc employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altamont Program 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, Altamont Program Inc generated $7.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 8 years. 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
ALTAMONT PROGRAM, INC. (ALTAMONT PROGRAM) WHICH OPERATES IN VARIOUS LOCATIONS IN NEW YORK STATE, WAS FORMED TO DEVELOP, COORDINATE, AND OPERATE EDUCATIONAL AND VOCATIONAL REHABILITATION PROGRAMS FOR PERSONS AFFLICTED WITH THE ILLNESS OF ALCOHOLISM AND ALCHOHOL ABUSE. THE EMPHASIS OF THE PROGRAM IS ON GAINFUL EMPLOYMENT IN THE CULINARY ARTS, HOTEL MANAGEMENT, AND THE BUILDING AND CONSTRUCTION TRADES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INDUSTRIES PROGRAM PROVIDES THE PROGRAM PARTICIPANTS HANDS-ON EXPERIENCE DURING THEIR VOCATIONAL TRAINING.
THE ORGANIZATION HAS CONTRACTED WITH THE NEW YORK STATE DEPARTMENT OF EDUCATION AND THE ALBANY COUNTY DEPARTMENT OF SOCIAL SERVICES TO PROVIDE ON-THE-JOB TRAINING TO ELIGIBLE INDIVIDUALS. PROGRAM PARTICIPANTS ARE PROVIDED TRAINING IN THE CULINARY ARTS, HOUSEKEEPING, AND HOTEL MANAGEMENT IN CONJUNCTION WITH THE INDUSTRIES PROGRAM. FROM TIME TO TIME, THE ORGANIZATION INITIATES NEW PROGRAMS ON A TRIAL BASIS, WHICH, IF SUCCESSFUL, ARE DEVELOPED INTO FULLY OPERATIONAL PROGRAMS.
THE TRANSITIONAL LIVING PROGRAM PROVIDES HOUSING AND SHELTER TO VERY LOW INCOME INDIVIDUALS.
THE EMPLOYMENT SERVICES CONTRANCT IS BASED ON THE SCHULYER INN SHELTER ALLOWING THEM INTO BETTER ASSIST FAMILIES ON TEMPORARY ASSISTANCE BY PROVIDING DIRECT ACCESS TO THEIR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Luibrand President | OfficerTrustee | 1 | $0 |
William Hennessey Vice President | OfficerTrustee | 1 | $0 |
Peter Newkirk Secretary | OfficerTrustee | 1 | $0 |
Jim Morrell Treasurer | OfficerTrustee | 1 | $0 |
Jim Stone Board Member | Trustee | 1 | $0 |
Peter Tavares Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rayben Enterprises Inc Cleaning Related To Program Revenue Cont | 12/30/15 | $259,054 |
Bubonia Holding Corp Snowplowing Related To Program Revenue C | 12/30/15 | $227,527 |
Gibsondunn & Crutcher Llp Legal Service | 12/30/15 | $105,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $575,032 |
| All other contributions, gifts, grants, and similar amounts not included above | $320,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $895,577 |
| Total Program Service Revenue | $6,116,552 |
| Investment income | $0 |
| 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 | $7,016,927 |
| 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. | $118,657 |
| Compensation of current officers, directors, key employees. | $118,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,807,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,854 |
| Payroll taxes | $411,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $136,805 |
| Advertising and promotion | $0 |
| Office expenses | $45,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $796,471 |
| Travel | $48,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,117 |
| Insurance | $192,904 |
| All other expenses | $172,346 |
| Total functional expenses | $5,836,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,525 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,167,207 |
| 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 | $13,343 |
| Net Land, buildings, and equipment | $2,385,449 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $575,574 |
| Total assets | $4,276,098 |
| Accounts payable and accrued expenses | $834,813 |
| 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 | $16,685 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,052,863 |
| Total liabilities | $2,904,361 |
| Net assets without donor restrictions | $1,322,559 |
| Net assets with donor restrictions | $49,178 |
| 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 | $4,276,098 |