Colonie Youth Center Inc
- Assets
- $13.1m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 186
- Location
- Latham, NY
- Founding
- 03/1966
- Data as of
- 12/2021
- EIN
- 14-1492095
Organization Overview
Colonie Youth Center Inc is located in Latham, NY. The organization was established in 1966. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Colonie Youth Center Inc employed 186 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colonie Youth Center 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, Colonie Youth Center Inc generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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
TO ENHANCE THE LIVING EXPERIENCE FOR ALL PEOPLE IN THE GREATER CAPITAL REGION THROUGH THE PROVISION OF QUALITY CHILD CARE, RECREATION, EDUCATION, HEALTH AND FITNESS SERVICES AND PROGRAMS FOR YOUTH, ADULTS AND SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RUDY A. CICCOTTI FAMILY RECREATION CENTER - MULTI GENERATIONAL RECREATION AND WELLNESS CENTER.
SCHOOL AGE CHILD CARE - TO PROVIDE BEFORE AND AFTER SCHOOL PROGRAMS FOR THE BENEFIT OF CHILDREN AND ADULTS WITHIN THE TOWN OF COLONIE.
SUMMER CAMP - TO PROVIDE WORTHWHILE ACTIVITIES FOR CHILDREN DURING THE SUMMER MONTHS SO THAT CHILDREN MAY INTERACT IN A SAFE AND SUPERVISED ENVIRONMENT.
UNIVERSAL PRE-K - TO PROVIDE UNIVERSAL PRE-KINDERGARTEN CLASSROOM INSTRUCTION FOR 4-YEAR OLD STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Caruso Executive Di | Trustee | 40 | $121,586 |
Michael P Marohn President | OfficerTrustee | 1 | $0 |
Brian Schneider Vice Preside | OfficerTrustee | 1 | $0 |
Michael Mckenna Treasurer | OfficerTrustee | 1 | $0 |
Carl Stewart Immediate Pa | OfficerTrustee | 1 | $0 |
Lonnie Clar Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Power Wellness Management Management And Marketing | 12/30/15 | $150,000 |
Turner Construction Construction | 12/30/15 | $312,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,031 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,107,588 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,259 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,130,878 |
| Total Program Service Revenue | $3,432,933 |
| Investment income | $420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,541 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,748,575 |
| 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. | $121,586 |
| Compensation of current officers, directors, key employees. | $35,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,289,581 |
| Pension plan accruals and contributions | $19,586 |
| Other employee benefits | $90,767 |
| Payroll taxes | $109,615 |
| Fees for services: Management | $170,317 |
| Fees for services: Legal | $24,750 |
| Fees for services: Accounting | $19,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,067 |
| Advertising and promotion | $142,144 |
| Office expenses | $143,653 |
| Information technology | $74,566 |
| Royalties | $0 |
| Occupancy | $190,811 |
| Travel | $6,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,677 |
| Interest | $330,180 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $531,695 |
| Insurance | $89,910 |
| All other expenses | $38,547 |
| Total functional expenses | $4,747,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,134 |
| Savings and temporary cash investments | $940,299 |
| Pledges and grants receivable | $44,664 |
| Accounts receivable, net | $71,744 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,741 |
| Prepaid expenses and deferred charges | $42,124 |
| Net Land, buildings, and equipment | $11,613,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,129,145 |
| Accounts payable and accrued expenses | $535,919 |
| Grants payable | $0 |
| Deferred revenue | $492,874 |
| 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 | $8,005,073 |
| Unsecured mortgages and notes payable | $91,796 |
| Other liabilities | $0 |
| Total liabilities | $9,125,662 |
| Net assets without donor restrictions | $4,003,483 |
| 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 | $13,129,145 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Colonie Youth Center Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Bobs Discount Furniture Charitable Foundation Inc Oakdale, CT PURPOSE: FOR EXEMPT PURPOSE | $1,000 |
Organization Name not Listed PURPOSE: SPONSOR OF THE CROSSINGS 5K CHALLENGE | | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan Youth Recreation And Resources Inc New York, NY | $17,184,242 | $19,141,924 |
Sephardic Community Youth Center Brooklyn, NY | $72,169,796 | $17,975,881 |
Alliance Community Healthcare Inc Jersey City, NJ | $11,068,751 | $12,649,986 |
Do Something Inc New York, NY | $16,018,625 | $4,390,638 |
Colonie Youth Center Inc Latham, NY | $13,129,145 | $4,748,575 |
Squashbusters Inc Roxbury Crossing, MA | $32,066,323 | $8,675,838 |
El Puente De Williamsburg Inc Brooklyn, NY | $1,746,153 | $3,586,866 |
Boys And Girls Clubs Of Northwest New Jersey Inc Wayne, NJ | $6,341,949 | $5,450,111 |
Manhattan Soccer Club Inc New York, NY | $3,532,103 | $3,811,063 |
Vagabond Missions Pittsburgh, PA | $2,255,998 | $3,415,879 |
Compass Youth Collaborative Inc Hartford, CT | $2,453,740 | $3,584,751 |
North 10 Philadelphia Wayne, PA | $20,931,088 | $2,577,182 |