Marie A Russo Neighborhood Center Institute Inc
- Assets
- $2.3m
- Revenue
- $194.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Utica, NY
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 16-1563069
Organization Overview
Marie A Russo Neighborhood Center Institute Inc is located in Utica, NY. The organization was established in 1999. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marie A Russo Neighborhood Center Institute 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 12/2021, Marie A Russo Neighborhood Center Institute Inc generated $194.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $104.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OR PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE AS FOLLOWS: TO SOLICIT, RECEIVE, HOLD, AND ADMINISTER GIFTS, MANAGE INVESTMENTS AND RESOURCES GENERATED BY THE INSTITUTE.TO DO SUCH OTHER LAWFUL ACTS AND UNDERTAKE SUCH OTHER ENTERPRISES FOR THE SOLE PURPOSES OF SUPPORT AND BENEFIT OF CHILDREN AND FAMILIES IN CENTRAL NEW YORK.TO PROVIDE THESE INDIVIDUALS WITH RESOURCES AND OPPORTUNITIES THAT RESPOND TO THE HUMAN NEEDS OF THE NEIGHBORHOOD AND THE EXTENDED COMMUNITY IN A MANNER THAT ENRICHES, STRENGTHENS AND UNDERSCORES THE VALUE AND WORTH OF INDIVIDUALS AND FAMILIES, ASSISTS IN DEVELOPING RESPONSIBLE CITIZENSHIP, PROVIDES A FOUNDATION FOR GROWTH AND FOSTERS UNDERSTANDING AMONG ALL PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PROPERTY FOR WHICH SERVICES WILL BE PROVIDED TO PEOPLE OF THE COMMUNITY IN ORDER FOR THEM TO HAVE OPPORTUNITIES FOR SELF-IMPROVEMENT THROUGH MENTAL HEALTH COUNSELING AND TRAINING TO AID PEOPLE TO BE LESS DEPENDENT ON SOCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hilton Secretary/treasurer | OfficerTrustee | 1 | $0 |
Amy Mielnicki Vice President | OfficerTrustee | 1 | $0 |
Tricia Bushee President | OfficerTrustee | 1 | $0 |
Sandra Soroka Executive Director | Officer | 5 | $0 |
Marie Russo Director | Trustee | 1 | $0 |
Frank Donato Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,815 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,815 |
| Total Program Service Revenue | $0 |
| Investment income | $82,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,374 |
| Net Gain/Loss on Asset Sales | $41,595 |
| Net Income from Fundraising Events | $7,909 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,425 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,900 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $104,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,200 |
| 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 | $0 |
| Net Land, buildings, and equipment | $65,936 |
| Investments—publicly traded securities | $2,143,918 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,344,574 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,985 |
| Total liabilities | $64,985 |
| Net assets without donor restrictions | $2,279,589 |
| 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 | $2,344,574 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marie A Russo Neighborhood Center Institute Inc has recieved totaling $25,950.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY PURPOSE: FOR A FEASIBLITY STUDY FOR DRUG TREATMENT CENTER AND A CREATIVE ART PROGRAM | $25,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unicef Usa Impact Fund For Children Inc New York, NY | $79,143,389 | $84,968,409 |
Dimock Community Foundation Inc Roxbury, MA | $0 | $29,896,865 |
Paula And Jerry Gottesman Family Supporting Foundation Inc Whippany, NJ | $103,919,025 | $11,534,966 |
The Jimmy And Berta Khezrie Charitable Foundation Long Branch, NJ | $561,838 | $13,044 |
Garnet Health Urgent Care P C Middletown, NY | $2,667,409 | $6,635,976 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Serv Properties And Management Inc Ewing, NJ | $27,477,154 | $8,087,563 |
Dentaquest Care Group Inc Boston, MA | $2,518,678 | $0 |
American Friends Of Sfath Emeth Yeshiva Brooklyn, NY | $187,158 | $4,689,874 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Knights Of Columbus Charities Usa Inc New Haven, CT | $92,663,013 | $7,484,954 |
Cfleads Accord, MA | $11,022,103 | $9,422,261 |