Franziska Racker Centers Inc
- Assets
- $26.9m
- Revenue
- $47.6m
- Investments
- $206.3k
- Employees
- 956
- Location
- Ithaca, NY
- Founding
- 01/1969
- Data as of
- 12/2023
- EIN
- 15-0581887
Organization Overview
Franziska Racker Centers Inc is located in Ithaca, NY. The organization was established in 1969. 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 12/2023, Franziska Racker Centers Inc employed 956 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franziska Racker Centers 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, Franziska Racker Centers Inc generated $47.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $46.5m during the year ending 12/2023. While expenses have increased by 3.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE SUPPORT PEOPLE WITH DISABILITIES AND THEIR FAMILIES TO LEAD FULFILLING LIVES BY PROVIDING OPPORTUNITIES TO LEARN AND BE CONNECTED WITH OTHERS.
Describe the Organization's Program Activity:
RESIDENTIAL SERVICES:FRANZISKA RACKER CENTERS PROVIDES COMPREHENSIVE RESIDENTIAL SERVICES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES.
CHILDREN'S AND CLINICAL SERVICES:TEACHERS, THERAPISTS, SOCIAL WORKERS AND PSYCHOLOGISTS PROVIDE EVALUATION, EDUCATION & THERAPEUTIC SERVICES TO CHILDREN WITH DISABILITIES.
SELF DIRECTED SERVICES:FRANZISKA RACKER CENTERS EMPOWERS PEOPLE TO DESIGN SUPPORTS BASED ON THEIR UNIQUE STRENGTHS AND NEEDS SO THEY CAN LIVE THE LIFE THEY WANT. INDIVIDUALS AND FAMILIES WORK TOGETHER WITH A TEAM TO CUSTOMIZE SERVICES SUCH AS COMMUNITY HABILITATION, RESPITE, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Fetsko Board Member | Trustee | 1 | $0 |
Allan Bishop Board Member | Trustee | 1 | $0 |
Teresa Mcnamara Board Member | Trustee | 1 | $0 |
Kim Overby Board Member | Trustee | 1 | $0 |
Heather Winnebug Board Member | Trustee | 1 | $0 |
Kyle Darlow Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Air Temp #39 Hvac | 12/30/23 | $355,437 |
Purpura Construction Construction | 12/30/23 | $265,759 |
Ceridian Hcm Inc Human Capital Management | 12/30/23 | $242,511 |
Enterprise Fleet Management Leased Vehicles | 12/30/23 | $215,424 |
Evero Corp Billing Platform | 12/30/23 | $157,146 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $118,784 |
| Related organizations | $0 |
| Government grants | $5,185,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,699,341 |
| Total Program Service Revenue | $40,351,691 |
| Investment income | $124,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,029,960 |
| Net Income from Fundraising Events | -$17,029 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,558,198 |
| 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. | $234,069 |
| Compensation of current officers, directors, key employees. | $234,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,215,709 |
| Pension plan accruals and contributions | $498,343 |
| Other employee benefits | $3,495,560 |
| Payroll taxes | $2,709,556 |
| 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 | $1,212,379 |
| Advertising and promotion | $163,672 |
| Office expenses | $0 |
| Information technology | $825,301 |
| Royalties | $0 |
| Occupancy | $2,147,920 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $201,333 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $557,344 |
| Insurance | $325,607 |
| All other expenses | $1,076,339 |
| Total functional expenses | $46,451,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,436,929 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,198,078 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $551 |
| Prepaid expenses and deferred charges | $279,455 |
| Net Land, buildings, and equipment | $13,127,895 |
| Investments—publicly traded securities | $4,585,803 |
| Investments—other securities | $206,338 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,103,795 |
| Total assets | $26,938,844 |
| Accounts payable and accrued expenses | $4,115,036 |
| Grants payable | $0 |
| Deferred revenue | $38,740 |
| Tax-exempt bond liabilities | $1,132,583 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $757,357 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,148,816 |
| Total liabilities | $7,192,532 |
| Net assets without donor restrictions | $18,498,313 |
| Net assets with donor restrictions | $1,247,999 |
| 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 | $26,938,844 |