Young Adult Institute Inc
- Assets
- $134.4m
- Revenue
- $203.5m
- Investments
- $503.9k
- Employees
- 4,636
- Location
- New York, NY
- Founding
- 04/1965
- Data as of
- 06/2020
- EIN
- 11-2030172
Organization Overview
Young Adult Institute Inc, operating under the name Yai, is located in New York, NY. The organization was established in 1965. 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 06/2021, Yai employed 4,636 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yai 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 06/2020, Yai generated $203.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $203.4m during the year ending 06/2020. While expenses have increased by 2.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
YAI'S MISSION IS TO EMPOWER PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES (I/DD) TO LIVE THE LIVES THEY TRULY DESIRE. WE PROVIDE A WIDE RANGE OF SUPPORTS AND SERVICES THAT ARE PERSON CENTERED AND PERSON DIRECTED. BY SEEING BEYOND DISABILITIES, WE PROMOTE OPPORTUNITIES FOR PEOPLE WITH I/DD TO LIVE, LOVE, WORK, AND LEARN IN THEIR COMMUNITIES. OUR SUPPORTS AND SERVICES COVER THE LIFESPAN AND INCLUDE RESIDENTIAL OPPORTUNITIES, DAY SERVICES, EMPLOYMENT SERVICES, COMMUNITY HABILITATION, FAMILY SUPPORT PROGRAMS, THERAPIES, RESPITE, AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES - WE PROVIDE RESIDENTIAL SERVICES TO PEOPLE IN SETTINGS THAT REFLECT THEIR DESIRES AND NEEDS. WE OPERATE GROUP HOMES THAT PROVIDE 24-HOUR SUPERVISION AS WELL AS APARTMENTS FOR THOSE WHO ARE MORE INDEPENDENT AND REQUIRE LESS SUPPORTS. WE AIM TO HAVE PEOPLE WITH I/DD LIVE IN THE LEAST RESTRICTIVE SETTING POSSIBLE AND SUPPORT THEM WITH INDEPENDENT LIVING.
DAY AND COMMUNITY SERVICES - DAY HABILIATION OFFERS INDIVIDUALIZED AND GROUP ACTIVITIES DESIGNED TO TEACH LIFE SKILS, BUILD RELATIONSHIPS, PROMOTE INDEPENDENCE AND PROVIDE ENGAGEMENT IN THE COMMUNITY. IN ADDITION, TRAINED SPECIALISTS PROVIDE INDIVIDUALIZED SKILLS TRAINING IN THE HOME AND THE COMMUNITY. FOCUS IS ON A PERSON'S STRENGTHS AND CRITICAL SKILLS FOR DEVELOPMENT, INCLUDING BUILDING SKILLS AND INDEPENDENCE IN THE AREAS OF SELF CARE, SOCIAL SKILLS DEVELOPMENT, MONEY MANAGEMENT, LIFE SAFETY, HOUSEHOLD TASKS, ENJOYING THE COMMUNITY, AND JOB SUCCESS.
CLINICAL PROGRAMS - YAI OPERATES ARTICLE 16 CLINICS WHICH PROVIDE PSYCHOLOGICAL TESTING AND EVALUATIONS, MENTAL HEALTH SERVICES, NUTRITION, AND OCCUPATIONAL, PHYSICAL, AND SPEECH THERAPIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Contos ESQ CEO | Officer | 35.5 | $732,816 |
Kevin Carey CFO | Officer | 28.5 | $360,806 |
Anthony Ottrando Chief Hr Officer | 40 | $286,208 | |
Ravi Dahiya Chief Program Officer | 40 | $282,187 | |
Peter Taback Chief Engagement & Externa | 40 | $228,577 | |
Marie Cavallo Chief Quality, Compliance (outgoing) | 40 | $225,596 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vassalotti Assoc Archit Llp Architectural Firm | 6/29/21 | $511,883 |
Emerest Caregivers Resources Of Ny Llc Medical Support Services | 6/29/21 | $692,000 |
Ruskin Moscou Faltischek Pc Legal Services | 6/29/21 | $210,594 |
Clifton Budd & Demaria Llp Legal Services | 6/29/21 | $258,974 |
Collaborative Solutions Llc It Services | 6/29/21 | $389,976 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,996,164 |
| Investment income | $395,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $250,975 |
| Net Gain/Loss on Asset Sales | $102,981 |
| Net Income from Fundraising Events | -$18,083 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,492,448 |
| Statement of Expenses | |
|---|---|
| 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. | $1,378,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,502,892 |
| Pension plan accruals and contributions | $1,473,792 |
| Other employee benefits | $15,712,443 |
| Payroll taxes | $12,015,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,209,852 |
| Fees for services: Accounting | $169,335 |
| Fees for services: Lobbying | $104,927 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,619 |
| Fees for services: Other | $4,472,074 |
| Advertising and promotion | $0 |
| Office expenses | $3,803,689 |
| Information technology | $3,427,772 |
| Royalties | $0 |
| Occupancy | $12,732,981 |
| Travel | $12,035,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,351,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,077,278 |
| Insurance | $2,689,790 |
| All other expenses | $0 |
| Total functional expenses | $203,391,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,697,007 |
| Savings and temporary cash investments | $6,830,969 |
| Pledges and grants receivable | $1,524,214 |
| Accounts receivable, net | $45,194,198 |
| 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 | $5,950,879 |
| Investments—publicly traded securities | $11,339,562 |
| Investments—other securities | $503,893 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,072,374 |
| Total assets | $134,359,406 |
| Accounts payable and accrued expenses | $27,700,185 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,661,906 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $54,074,087 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,325,472 |
| Total liabilities | $99,761,650 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $34,597,756 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Young Adult Institute Inc has recieved totaling $148,595.
| Awarding Organization | Amount |
|---|---|
J Ira And Nicki Harris Familyfoundation Inc West Palm Beach, FL PURPOSE: GENERAL | $61,000 |
Admirals Cove Foundation Inc Jupiter, FL PURPOSE: DONOR DIRECTED | $45,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $11,460 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $9,918 |
New Yorkers For Children Inc New York, NY PURPOSE: TO SUPPORT THE PROGRAM FOR DEVELOPMENT DISABILITIES. | $8,200 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,692 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seven Hills Foundation Inc Worcester, MA | $262,906,029 | $302,869,581 |
Nysarc Inc New York, NY | $227,101,608 | $268,649,263 |
Elwyn Of Pennsylvania And Delaware Elwyn, PA | $171,311,391 | $221,973,982 |
Northeast Arc Inc Danvers, MA | $41,713,065 | $230,351,912 |
Young Adult Institute Inc New York, NY | $134,359,406 | $203,492,448 |
People Inc Williamsville, NY | $67,799,196 | $165,694,719 |
Ken-Crest Services Blue Bell, PA | $50,936,114 | $130,193,292 |
Woods Services Inc Langhorne, PA | $90,653,403 | $134,599,631 |
Icircle Services Of The Finger Lakes Inc Webster, NY | $40,072,798 | $159,291,064 |
Nysarc Inc Brookville, NY | $162,532,221 | $126,795,772 |
New England Center For Children Inc Southborough, MA | $72,482,909 | $120,831,063 |
Developmental Disabilities Institute Inc Smithtown, NY | $94,736,827 | $119,037,675 |