Retired Police Association Of The State Of New York Inc
- Assets
- $780.1k
- Revenue
- $236.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Carle Place, NY
- Founding
- 05/1987
- Data as of
- 12/2022
- EIN
- 51-0203865
Organization Overview
Retired Police Association Of The State Of New York Inc is located in Carle Place, NY. The organization was established in 1987. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Retired Police Association Of The State Of New York Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retired Police Association Of The State Of New York Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Retired Police Association Of The State Of New York Inc generated $236.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $289.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS ESTABLISHED FOR THE FOLLOWING PURPOSES, GOALS, AND OBJECTIVES: TO PROMOTE UNITY, FRIENDSHIP AND GOOD WILL BETWEEN THE ACTIVE POLICE OFFICER AND RETIRED POLICE OFFICERS FOR THEIR MUTUAL BENEFIT; TO PROMOTE FELLOWSHIP, GOOD WILL AND COOPERATION BETWEEN THE MEMBERS FOR THEIR MUTUAL BENEFIT; TO PROMOTE FELLOWSHIP, GOOD WILL AND COOPERATION BETWEEN THE MEMBERS OF THIS ASSOCIATION AND THE PUBLIC AT LARGE; TO PRESERVE AND PROTECT THE NEW YORK STATE AND NEW YORK CITY RETIREMENT SYSTEMS FOR RETIRED POLICE OFFICERS AND THEIR BENEFICIARIES; TO MONITOR AND REPORT TO THE MEMBERSHIP REGARDING ANY ACTIVITIES OF ANY ORGANIZATION, MUNICIPALITY OR STATE WHICH MAY AFFECT THE RETIRED POLICE OFFICERS OR THEIR RETIREMENT SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ESTABLISHED FOR THE FOLLOWING PURPOSES, GOALS, AND OBJECTIVES: TO PROMOTE UNITY, FRIENDSHIP AND GOOD WILL BETWEEN THE ACTIVE POLICE OFFICER AND RETIRED POLICE OFFICERS FOR THEIR MUTUAL BENEFIT; TO PROMOTE FELLOWSHIP, GOOD WILL AND COOPERATION BETWEEN THE MEMBERS FOR THEIR MUTUAL BENEFIT; TO PROMOTE FELLOWSHIP, GOOD WILL AND COOPERATION BETWEEN THE MEMBERS OF THIS ASSOCIATION AND THE PUBLIC AT LARGE; TO PRESERVE AND PROTECT THE NEW YORK STATE AND NEW YORK CITY RETIREMENT SYSTEMS FOR RETIRED POLICE OFFICERS AND THEIR BENEFICIARIES; TO MONITOR AND REPORT TO THE MEMBERSHIP REGARDING ANY ACTIVITIES OF ANY ORGANIZATION, MUNICIPALITY OR STATE WHICH MAY AFFECT THE RETIRED POLICE OFFICERS OR THEIR RETIREMENT SYSTEM; TO SERVE AS AN ADVISOR ASSOCIATION WHEN REQUESTED TO DO SO BY ANY EXISTING POLICE OFFICER OR RETIRED POLICE OFFICER ASSOCIATED WITHIN THE STATE OF NEW YORK, UPON APPLICATION AND APPROVAL OF THE EXECUTIVE BOARD OF OFFICERS; TO INSURE THE EQUITABLE AND RESPONSIVE DISBURSEMENTS OF MONIES OF THE NEW YORK STATE RETIREMENT SYSTEM TO ITS MEMBERS AND THEIR BENEFICIARIES; TO ESTABLISH REPRESENTATION WITH COLLECTIVE BARGAINING UNITS OF THE ACTIVE POLICE ORGANIZATIONSW TO OBTAIN BENEFITS FROM CONTRACT NEGOTIATIONS AS MAY BE PROVIDED BY LAW, FOR RETIRING POLICE OFFICERS, RETIRED POLICE OFFICERS AND MEMBERS OF THE ASSOCIATION AND THEIR BENEFICIARIES AS REQUIRED; TO PROVIDE A MEANS OF COMMUNICATIONS AND EDUCATION AS WELL AS ACTION BETWEEN THE MEMBERS OF THE THE ASSOCIATION AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hassett President | OfficerTrustee | 10 | $0 |
Michael Ferranola 1st Vice President | OfficerTrustee | 5 | $0 |
Flora D Stern 2nd Vice President | OfficerTrustee | 5 | $0 |
Dan Saxe Treasurer | OfficerTrustee | 10 | $0 |
John Rodriguez Recording Secretary | OfficerTrustee | 5 | $0 |
Robert L Livoti Financial Secretary | OfficerTrustee | 5 | $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 | $29,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,536 |
| Total Program Service Revenue | $97,340 |
| Investment income | $14,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $92,105 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,574 |
| Grants and other assistance to domestic individuals. | $37,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $26,346 |
| 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 | $45,177 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,108 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $69,025 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,612 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,792 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,072 |
| Insurance | $2,981 |
| All other expenses | $0 |
| Total functional expenses | $289,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $132,786 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,271 |
| Investments—publicly traded securities | $474,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169,271 |
| Total assets | $780,119 |
| Accounts payable and accrued expenses | $2,373 |
| Grants payable | $0 |
| Deferred revenue | $68,569 |
| 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 | $167,747 |
| Total liabilities | $238,689 |
| Net assets without donor restrictions | $541,430 |
| 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 | $780,119 |