Empire State Employment Resources For The Blind Inc
- Assets
- $9.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Albany, NY
- Founding
- 12/2014
- Data as of
- 09/2023
- EIN
- 46-5157149
Organization Overview
Empire State Employment Resources For The Blind Inc, operating under the name Nyspsp (see Schedule O), is located in Albany, NY. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2023, Nyspsp (see Schedule O) employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyspsp (see Schedule O) 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 09/2023, Nyspsp (see Schedule O) generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $2.2m during the year ending 09/2023. 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
CREATING DIVERSE EMPLOYMENT OPPORTUNITIES AND UPWARD MOBILITY FOR NEW YORKERS WHO ARE BLIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW YORK STATE PREFERRED SOURCE PROGRAM FOR NEW YORKERS WHO ARE BLIND (NYSPSP) IS A STATE-MANDATED INITIATIVE TO CREATE AND SUSTAIN EMPLOYMENT OPPORTUNITIES FOR NEW YORKERS WHO ARE LEGALLY BLIND AT 9 ASSOCIATED NONPROFIT AGENCIES. STATE AND LOCAL AGENCIES ARE REQUIRED TO PURCHASE CERTAIN PRODUCTS AND SERVICES PRODUCED BY NEW YORK NONPROFITS, EMPLOYING 427 PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED. THE ASSOCIATED AGENCIES PROMOTED 14 PEOPLE IN 2023, AND 51 NEW PROJECTS WERE ADDED TO THE NYSPSP PORTFOLIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa A Damiani Chair | OfficerTrustee | 1 | $0 |
Susan C Robinson Vice Chair | OfficerTrustee | 1 | $0 |
Kenny J Fernald Secretary | OfficerTrustee | 1 | $0 |
Daniel Spence Treasurer | OfficerTrustee | 1 | $0 |
Peter Slatin Director | Trustee | 1 | $0 |
John J Calabrese Director | Trustee | 1 | $0 |
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 | $2,058,541 |
| Investment income | $0 |
| 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 | $2,058,541 |
| 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. | $224,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,263,660 |
| Pension plan accruals and contributions | $99,254 |
| Other employee benefits | $131,072 |
| Payroll taxes | $93,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,421 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,677 |
| Advertising and promotion | $15,868 |
| Office expenses | $46,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,686 |
| Travel | $21,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,672 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,546 |
| Insurance | $0 |
| All other expenses | $20,313 |
| Total functional expenses | $2,226,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,332,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,416,572 |
| 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 | $223,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,312 |
| Total assets | $9,097,990 |
| Accounts payable and accrued expenses | $7,035,967 |
| 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 | $136,485 |
| Total liabilities | $7,172,452 |
| Net assets without donor restrictions | $1,925,538 |
| 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 | $9,097,990 |