Nysarc Inc
- Assets
- $28.5m
- Revenue
- $42.4m
- Investments
- $7.0m
- Employees
- 917
- Location
- Utica, NY
- Founding
- 05/1954
- Data as of
- 12/2022
- EIN
- 15-0581298
Organization Overview
Nysarc Inc is located in Utica, 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 917 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 $42.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $42.6m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 7 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
EMPLOYMENT SOLUTIONS - FACILITY BASED EMPLOYMENT OPPORTUNITIES OCCUR IN A VARIETY OF SETTINGS WHERE REHABILITATIVE AND OTHER CLINICAL SERVICES ARE PROVIDED AS WELL.EMPLOYMENT SERVICES WORKS WITH INDIVIDUALS WITH DISABILITIES PREPARING THEM FOR EMPLOYMENT AND ASSISTING THEM WITH THEIR JOB SEARCH SO THEY ARE ABLE TO BECOME CONTRIBUTING MEMBERS OF THEIR LOCAL COMMUNITY.EMPLOYMENT SERVICES - PROVIDES JOB PLACEMENT SERVICES TO THE LOCAL BUSINESS COMMUNITY AND TO INDIVIDUAL WITH DISABILITIES, MATCHING EMPLOYER NEEDS WITH EMPLOYEE SKILLS AND ABILITIES.INDIVIDUALS SERVED - 354UNITS OF SERVICE - 79,499
DAY SERVICES - INCLUDES SITE BASED DAY HABILITATION SERVICES FOCUSING ON INDIVIDUAL'S NEEDS. SERVICES INCLUDE THERAPIES, COMMUNITY VOLUNTEER OPPORTUNITIES, AND DAILY LIVING SKILLS.INDIVUALS SERVED - 245UNITS OF SERVICE - 41,295
RESIDENTIAL SERVICES - HOUSING OPPORTUNITIES THROUGHOUT THE AREA ARE PROVIDED UNDER VARYING DEGREES OF STAFF SUPERVISION. PROGRAM STRIVES TO CREATE A QUALITY OF LIFE BASED ON MEANINGFUL OPPORTUNITIES AND SELF-DETERMINED OUTCOMES FOR INDIVIDUALS WITH DISABILITIES.INDIVUALS SERVED - 133UNITS OF SERVICE - 45,099
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Gassner President | OfficerTrustee | 5 | $0 |
Jim D'onofrio Director | Trustee | 1 | $0 |
Al Tahan Vice President | OfficerTrustee | 5 | $0 |
David Mathis Director | Trustee | 1 | $0 |
Stephanie Eghigian Director | Trustee | 1 | $0 |
Ruth Ridgway Director & Board Of Gov | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ma Polce Consulting Inc Computer Services | 12/30/17 | $100,608 |
Birnie Bus Service Transportation Services | 12/30/17 | $1,661,451 |
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 | $475,500 |
| Noncash contributions included in lines 1a–1f | $311,824 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $475,500 |
| Total Program Service Revenue | $41,755,910 |
| Investment income | $222,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$44,071 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,410,228 |
| 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. | $415,102 |
| Compensation of current officers, directors, key employees. | $415,102 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,274,990 |
| Pension plan accruals and contributions | $649,337 |
| Other employee benefits | $2,639,952 |
| Payroll taxes | $1,989,223 |
| 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 | $37,000 |
| Fees for services: Other | $535,419 |
| Advertising and promotion | $112,513 |
| Office expenses | $12,665 |
| Information technology | $49,084 |
| Royalties | $0 |
| Occupancy | $1,056,650 |
| Travel | $196,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,414,768 |
| Insurance | $73,011 |
| All other expenses | $3,020,157 |
| Total functional expenses | $42,614,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,713,448 |
| Savings and temporary cash investments | $3,085,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,101,172 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $654,774 |
| Prepaid expenses and deferred charges | $452,729 |
| Net Land, buildings, and equipment | $3,324,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,002,940 |
| Investments—program-related | $0 |
| Intangible assets | $2,988,746 |
| Other assets | $146,757 |
| Total assets | $28,470,627 |
| Accounts payable and accrued expenses | $4,547,100 |
| Grants payable | $0 |
| Deferred revenue | $609,575 |
| 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 | $477,777 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,968,918 |
| Total liabilities | $8,603,370 |
| Net assets without donor restrictions | $19,867,257 |
| 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 | $28,470,627 |