Nysarc Inc
- Assets
- $25.2m
- Revenue
- $31.0m
- Investments
- $113.8k
- Employees
- 751
- Location
- Watkins Glen, NY
- Founding
- 05/1954
- Data as of
- 12/2023
- EIN
- 16-1120089
Organization Overview
Nysarc Inc is located in Watkins Glen, 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 12/2023, Nysarc Inc employed 751 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 12/2023, Nysarc Inc generated $31.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $30.7m during the year ending 12/2023. While expenses have increased by 15.4% 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
PROVIDES SUPPORTS AND SERVICES FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL-PROVIDING ROOM, BOARD, AND ADDITIONAL SERVICES AS REQUIRED AT VARIOUS COMMUNITY-BASED RESIDENCES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES. PERSON-CENTERED SUPPORTS FROM PERIODIC TO 24-HOURS PER DAY ARE DESIGNED TO HELP PEOPLE REACH THEIR MAXIMUM INDEPENDENCE THROUGH HOLISTIC CLINICAL OVERSIGHT AND CONSULTATION. HOME-BASED TRAINING AND SUPERVISION EMPOWERS PEOPLE WITH DISABILITIES TO THEN ACQUIRE, RETAIN, AND IMPROVE A RANGE OF DAILY LIVING, SAFETY, AND ADAPTIVE SKILLS. SERVED 160 INDIVIDUALS.
HOME SERVICES AND OTHER SERVICES- PROVIDING SERVICES TO FAMILIES AND CAREGIVERS OF PEOPLE WITH DEVELOPMENTAL DISABILITIES. TRAINED STAFF PROVIDE HANDS-ON ASSISTANCE AND OPPORTUNITIES FOR RECREATION AND SOCIALIZATION ALLOWING RESPITE FOR FAMILY MEMBERS AND CAREGIVERS. OTHER SERVICES INCLUDE CLINICAL, NYS START AND TRANSPORTATION.
DAY SERVICES- PROVIDING QUALITY SKILL DEVELOPMENT, TRAINING, AND SUPERVISION IN DAILY LIVING ACTIVITIES THAT HELP PEOPLE FOSTER INDEPENDENCE, ESTABLISHING AND PURSUING PERSONAL GOALS, SELF-ADVOCACY, SOCIAL SKILLS, INDEPENDENT TRANSPORTATION, AND COMMUNITY INVOLVEMENT THAT ENABLES PEOPLE TO CONTRIBUTE TO THE COMMUNITY IN A MEANINGFUL WAY. PARTICIPANTS ARE ENGAGED IN A VARIETY OF VISUAL ARTS, MUSIC, TECHNOLOGY, AND PHYSICAL WELLNESS ACTIVITIES AND FREQUENTLY VOLUNTEER WITH SUPPORT AT LOCAL NON-PROFIT ORGANIZATIONS AND HUMAN SERVICE AGENCIES. SERVED 71 INDIVIDUALS.
VOCATIONAL- PROVIDING SOCIAL AND PRACTICAL JOB SKILL TRAINING FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES AT LEAST 14 YEARS OF AGE. PARTICIPANTS LEARN SKILLS TO PERFORM JOBS SUCH AS FOOD CONTRACT PACKAGING, AUTO DETAILING, JANITORIAL, MAILROOM, HAND-MECHANIZED ASSEMBLY OR REWORK, PACKAGING, PRODUCT MANUFACTURING, INSPECTION, AND FULFILLMENT SERVICES. ADDITIONAL SERVICES INCLUDE PAID EMPLOYMENT AND ASSISTANCE WITH COMMUNITY JOB PLACEMENT. 137 CLIENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Eagen Former CEO | Officer | 40 | $260,735 |
Salvatore Garrozo CEO | Officer | 40 | $179,395 |
Julie Bub CFO | 40 | $106,556 | |
Pamela Overdurf Director Of Clinical | 40 | $100,244 | |
Margaret Lawrence President | OfficerTrustee | 1 | $0 |
Michael Stamp Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bonadio & Co Llp Accounting | 12/30/23 | $141,035 |
Lifeworks Llc Human Capital Management Services | 12/30/23 | $145,742 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,955 |
| Related organizations | $0 |
| Government grants | $2,624,796 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,786,713 |
| Total Program Service Revenue | $27,190,012 |
| Investment income | $1,097,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$94,911 |
| Net Income from Fundraising Events | -$12,306 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,002,375 |
| 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. | $474,206 |
| Compensation of current officers, directors, key employees. | $474,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,573,087 |
| Pension plan accruals and contributions | $715,057 |
| Other employee benefits | $1,470,561 |
| Payroll taxes | $2,014,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,269 |
| Fees for services: Accounting | $90,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $746,673 |
| Advertising and promotion | $47,886 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,284,936 |
| Travel | $208,861 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,335 |
| Interest | $40,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $644,587 |
| Insurance | $373,089 |
| All other expenses | $699,335 |
| Total functional expenses | $30,737,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,168,879 |
| Savings and temporary cash investments | $1,034,379 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,579,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,194 |
| Prepaid expenses and deferred charges | $84,091 |
| Net Land, buildings, and equipment | $2,803,812 |
| Investments—publicly traded securities | $12,840,220 |
| Investments—other securities | $113,793 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $573,828 |
| Total assets | $25,211,747 |
| Accounts payable and accrued expenses | $2,003,311 |
| 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 | $613,775 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,465,073 |
| Total liabilities | $4,082,159 |
| Net assets without donor restrictions | $21,049,716 |
| Net assets with donor restrictions | $79,872 |
| 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 | $25,211,747 |