Nysarc Inc
- Assets
- $19.2m
- Revenue
- $25.8m
- Investments
- $51.1k
- Employees
- 493
- Location
- Herkimer, NY
- Founding
- 05/1954
- Data as of
- 12/2020
- EIN
- 16-0973231
Organization Overview
Nysarc Inc is located in Herkimer, NY. The organization was established in 1954. 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 12/2021, Nysarc Inc employed 493 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Nysarc 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 12/2020, Nysarc Inc generated $25.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $23.5m during the year ending 12/2020. While expenses have increased by 0.4% 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
ENABLE PEOPLE WITH DISABILITIES AND OTHERS IN OUR COMMUNITY TO ACHIEVE FULL POTENTIAL AND ENRICHED LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERKIMER INDUSTRIES PROVIDES MEANINGFUL WORK OPPORTUNITIES FOR PEOPLE WITH DISABILITIES THROUGH A VARIETY OF PRODUCT AND SERVICE LINES OF BUSINESS. SERVICES INCLUDE SUBCONTRACT PACKAGING, PALLET DISPLAY FABRICATION AND FULFILLMENT, COMMERCIAL SEWING, A DONATED GOODS STORE, AND PRODUCT SALES TO STATE AND FEDERAL ENTITIES. WE COLLABORATE WITH MULTIPLE LEADING INDUSTRY MANUFACTURERS ADDING VALUE TO THEIR PRODUCTS. IN TOTAL, HERKIMER INDUSTRIES EMPLOYS 109 PEOPLE WITH DISABILITIES; A POPULATION WHICH SUFFERS FROM A 70% NATIONAL UNEMPLOYMENT RATE.
DAY SERVICES PROVIDES A MULTITUDE OF OPTIONS FOR PEOPLE WITH DISABILITIES THROUGHOUT THE DAY. THEY HAVE OPPORTUNITIES TO PARTICIPATE IN CLASSROOM INSTRUCTIONS, VOLUNTEER WITHIN THEIR COMMUNITY ALONG WITH OTHER RECREATION ACTIVITIES WITHIN THEIR COMMUNITIES. 513 PERSONS SERVED.
RESIDENTIAL SERVICES: ARC HERKIMER OPERATED SUPERVISED AND SUPPORTIVE INDIVIDUAL RESIDENTIAL ALTERNATIVES. EACH TYPE OF RESIDENCE PROVIDES A HOME FOR INDIVIDUALS WHO HAVE INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES. INDIVIDUALS LIVING IN A RESIDENCE HAVE THE OPPORTUNITY TO IMPROVE AND ENHANCE THEIR LEVEL OF INDEPENDENCE AS WELL AS INTEGRATE INTO THE COMMUNITY. EACH RESIDENCE IS LICENSED BY THE NYS OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES. ADDITIONALLY, ARC HERKIMER PROVIDES FREE STANDING RESPITE SERVICES FOR COMMUNITY PEOPLE TO PROVIDE CAREGIVERS WITH A BREAK. 103 PERSONS SERVED.
OTHER PROGRAMS INCLUDING TRANSPORTATION SERVICES, OFF-SITE WAIVER, ASSISTIVE SUPPORTS, CAREER CONNECTION, AND FAMILY SUPPORT SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Crosley President & CEO | Officer | 37.5 | $472,957 |
Anthony Visconti CFO | Officer | 37.5 | $179,151 |
Lorene Bass Executive VP Supports/serv | Officer | 37.5 | $164,481 |
Michael Lamb VP Industrial Operations | 37.5 | $118,560 | |
Sarah Feola VP Human Resources | 37.5 | $109,597 | |
Connie Helmer-Jordan Register Nurse Director | 40 | $102,088 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pershing Llc Investment Management | 12/30/21 | $120,000 |
Arcuri's Heating & Air Conditioning Inc Repairs And Maintenance | 12/30/21 | $108,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,770 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,178,822 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,743,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,924,443 |
| Total Program Service Revenue | $21,584,138 |
| Investment income | $4,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $194,289 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,030 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,795,042 |
| 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. | $648,313 |
| Compensation of current officers, directors, key employees. | $648,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,357,718 |
| Pension plan accruals and contributions | $351,410 |
| Other employee benefits | $829,120 |
| Payroll taxes | $1,232,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,085 |
| Fees for services: Accounting | $36,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $254,597 |
| Advertising and promotion | $37,357 |
| Office expenses | $705,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,378,383 |
| Travel | $228,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,480 |
| Interest | $56,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,410,841 |
| Insurance | $202,391 |
| All other expenses | $493,627 |
| Total functional expenses | $23,479,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,604 |
| Savings and temporary cash investments | $1,224,115 |
| Pledges and grants receivable | $18,979 |
| Accounts receivable, net | $1,717,902 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $498,887 |
| Prepaid expenses and deferred charges | $150,253 |
| Net Land, buildings, and equipment | $12,253,343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $51,111 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,678,678 |
| Total assets | $19,244,872 |
| Accounts payable and accrued expenses | $2,746,463 |
| Grants payable | $0 |
| Deferred revenue | $208,767 |
| Tax-exempt bond liabilities | $1,755,185 |
| 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 | $249,957 |
| Other liabilities | $1,461,714 |
| Total liabilities | $6,422,086 |
| Net assets without donor restrictions | $12,684,607 |
| Net assets with donor restrictions | $138,179 |
| 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 | $19,244,872 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nysarc Inc has recieved totaling $334,742.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY PURPOSE: CAPITAL, INFRASTRUCTURE - BUILDING, RENOVATIONS, LEADERSHIP, PROFESSIONAL DEVELOPMENT, PROGRAM SUPPORT | $334,737 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $1,275,998 |
| Earnings | $94,125 |
| Admin Expense | $12,748 |
| Net Contributions | $120,000 |
| Other Expense | $422,888 |
| Ending Balance | $1,054,487 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nonotuck Resource Associates Northampton, MA | $18,873,235 | $49,340,481 |
Road To Responsibility Inc Marshfield, MA | $19,565,169 | $50,589,105 |
Nysarc Inc Williamsville, NY | $31,860,300 | $46,137,521 |
Nysarc Inc Montgomery County Chapter Amsterdam, NY | $44,455,992 | $44,789,753 |
Berkshire County Arc Inc Pittsfield, MA | $12,681,001 | $47,437,014 |
Consumer Directed Choices Albany, NY | $21,497,712 | $46,559,698 |
Center For Family Support Inc New York, NY | $27,265,278 | $49,190,549 |
Nysarc Inc Port Henry, NY | $36,303,802 | $46,373,007 |
Franziska Racker Centers Inc Ithaca, NY | $26,737,255 | $41,949,573 |
Community Services For Every1 Inc Buffalo, NY | $25,615,845 | $41,228,210 |
Merakey Idd Philadelphia Lafayette Hill, PA | $7,978,581 | $40,844,879 |
Elwyn New Jersey Vineland, NJ | $27,014,693 | $42,002,366 |