Nixsar Corporation
- Assets
- $21.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Butler, PA
- Founding
- 11/1984
- Data as of
- 06/2021
- EIN
- 25-1441960
Organization Overview
Nixsar Corporation is located in Butler, PA. The organization was established in 1984. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nixsar Corporation 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 06/2021, Nixsar Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $2.8m during the year ending 06/2021. While expenses have increased by 4.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT BUTLER HEALTH SYSTEM AND ITS SUBSIDIARIES THAT INCLUDES BUTLER HEALTHCARE PROVIDERS BY OWNING AND LEASING REAL ESTATE ASSETS.
Describe the Organization's Program Activity:
OWNS AND LEASES MEDICAL OFFICE BUILDINGS AND OTHER REAL ESTATE TO SUPPORT BUTLER HEALTH SYSTEM AND ITS SUBSIDIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Genevro Chair | OfficerTrustee | 1 | $0 |
Justin Mccarthy Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kenneth P Defurio President & CEO | OfficerTrustee | 1 | $0 |
Paula Hooper ESQ 720-820 Corporate Secretary | OfficerTrustee | 1 | $0 |
Eric Huss Chief Financial Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quality Services Inc Cleaning Services | 6/29/17 | $156,155 |
Turner Construction Construction | 6/29/17 | $1,084,403 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,395,306 |
| Investment income | $3,121 |
| 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 | $1,398,427 |
| 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. | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $492,359 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $585,631 |
| 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 | $1,749,204 |
| Insurance | $0 |
| All other expenses | $5,941 |
| Total functional expenses | $2,833,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,469,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,512 |
| 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 | $175 |
| Net Land, buildings, and equipment | $18,589,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,072,411 |
| Accounts payable and accrued expenses | $18,316 |
| 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 | $0 |
| Total liabilities | $18,316 |
| Net assets without donor restrictions | $21,054,095 |
| 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 | $21,072,411 |
Endowment Analysis
| Beg. Balance | $452,697 |
| Earnings | $680 |
| Ending Balance | $453,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Healthcare Foundation Of Pittsburgh Pittsburgh, PA | $167,156,555 | $15,944,425 |
Asbury Communities Inc Frederick, MD | $47,159,908 | $12,863,922 |
Ohios Hospice Inc Dayton, OH | $39,691,448 | $16,234,303 |
North Shore-Lij Alliance Inc Westbury, NY | $6,390,042 | $18,631,414 |
St Josephs Health Center Properties Inc Syracuse, NY | $53,413,758 | $12,721,851 |
Cola Inc Columbia, MD | $22,083,298 | $12,495,022 |
Keystonecare Wyndmoor, PA | $1,598,265 | $10,722,936 |
Nyu Langone Health System New York, NY | $245,971,553 | $8,933,478 |
Saint Barnabas Realty Development Corporation Oceanport, NJ | $105,536,952 | $4,843,393 |
University Of Maryland Charles Regional Health Inc La Plata, MD | $24,729,996 | $5,853,296 |
Organon Patient Assistance Program Inc Jersey City, NJ | $0 | $8,297,106 |
Montefiore Hospital Housing Section Ii Inc Bronx, NY | $12,841,652 | $6,647,600 |