New York State Funeral Directors Association Inc
- Assets
- $12.9m
- Revenue
- $2.6m
- Investments
- $9.3m
- Employees
- 5
- Location
- Albany, NY
- Founding
- 11/1942
- Data as of
- 12/2022
- EIN
- 15-0398553
Organization Overview
New York State Funeral Directors Association Inc is located in Albany, NY. The organization was established in 1942. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, New York State Funeral Directors Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York State Funeral Directors Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, New York State Funeral Directors Association Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.6m 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
TO PRESERVE AND ENHANCE THE HIGH STANDARDS OF INTEGRITY AND HONOR EXISTING IN THE FUNERAL DIRECTING PROFESSION SO AS TO BETTER SERVE THE PUBLIC INTEREST, TO FURTHER THE PROFESSIONAL EDUCATION OF THE MEMBERS AND TO PROMOTE UNIFORMITY AND CERTAINTY IN THE PRACTICES OF THE PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF UNIFORMITY IN THE PRACTICE OF THE FUNERAL DIRECTING INDUSTRY, TRAINING OF MEMBERS AND PROMOTION OF PUBLIC UNDERSTANDING OF THE INDUSTRY FOR 900 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lanotte Executive Director | Officer | 37.5 | $321,991 |
Randy Mccullough Deputy Executive Director | 37.5 | $202,122 | |
William Villanova Immediate Past President | OfficerTrustee | 1 | $0 |
Robert Hogan President-Elect | OfficerTrustee | 1 | $0 |
Scott Hendrix Secretary | OfficerTrustee | 1 | $0 |
John D'arienzo Treasurer | OfficerTrustee | 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 | $1,483,780 |
| Investment income | $1,077,419 |
| 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 | $2,564,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,000 |
| 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. | $500,941 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,790 |
| Pension plan accruals and contributions | $69,784 |
| Other employee benefits | $59,801 |
| Payroll taxes | $43,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,250 |
| Fees for services: Lobbying | $100,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,348 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,647 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $71,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $223,601 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,551 |
| All other expenses | $0 |
| Total functional expenses | $1,551,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,757 |
| Savings and temporary cash investments | $2,112,130 |
| 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 | $7,390 |
| Prepaid expenses and deferred charges | $40,698 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,116,468 |
| Investments—other securities | $9,311,628 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,433 |
| Total assets | $12,864,504 |
| Accounts payable and accrued expenses | $85,703 |
| Grants payable | $0 |
| Deferred revenue | $93,214 |
| 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 | $45,105 |
| Total liabilities | $224,022 |
| Net assets without donor restrictions | $12,640,482 |
| 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 | $12,864,504 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New York State Funeral Directors Association Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
New York State Tribute Foundation Inc Albany, NY PURPOSE: EDUCATION GRANT FOR NYSFDA CONVENTION | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Professional Liability Joint Underwriting Association Blue Bell, PA | $353,920,542 | $27,707,766 |
Risk And Insurance Management Society Inc New York, NY | $15,569,864 | $12,268,578 |
Automobile Insurers Bureau Of Massachusetts Boston, MA | $2,744,805 | $12,244,779 |
Excess Line Association Of New York New York, NY | $36,201,317 | $11,240,697 |
Guaranty Fund Management Services Inc Boston, MA | $2,796,356 | $6,554,035 |
Society Of Chartered Property & Casualty Underwriters Inc Malvern, PA | $9,708,613 | $4,213,152 |
Massachussetts Association Of Insurance Agents Inc Milford, MA | $15,366,665 | $4,849,036 |
Spark Institute Inc Simsbury, CT | $3,290,502 | $1,638,817 |
Professional Insurance Agents Of New York State Inc Glenmont, NY | $9,604,460 | $1,641,025 |
New York State Funeral Directors Association Inc Albany, NY | $12,864,504 | $2,564,009 |
Independent Insurance Agents Of Nj Trenton, NJ | $4,471,739 | $772,064 |
Ceg Of The Capital Region Inc Albany, NY | $954,995 | $1,640,221 |