Center For The Disabled Foundation Inc
- Assets
- $11.3m
- Revenue
- $747.9k
- Investments
- $1.0m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 04/1988
- Data as of
- 12/2022
- EIN
- 22-2484705
Organization Overview
Center For The Disabled Foundation Inc is located in Albany, NY. The organization was established in 1988. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For The Disabled Foundation 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 12/2022, Center For The Disabled Foundation Inc generated $747.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $999.1k 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
SUPPORT THE MISSION OF RELATED ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATION OF ALL FUNDRAISING ACTIVITIES FOR THE CENTER FOR DISABILITY SERVICES, INC. (RELATED NOT-FOR-PROFIT ORGANIZATION). IN ADDITION, FUNDS ARE DISTRIBUTED TO OTHER NOT-FOR-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory J Sorrentino President/ce | OfficerTrustee | 1 | $1,360 |
Brian T Cregin Coo/treasure | Officer | 1 | $705 |
Anne Schneider Costigan Deputy Exec | OfficerTrustee | 15 | $94,912 |
Megan Bassler Board Member | Trustee | 0.1 | $0 |
Mary E Burgess Secretary | OfficerTrustee | 0.1 | $0 |
Selena L Dutcher Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $13 |
| Membership dues | $0 |
| Fundraising events | $284,032 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $303,000 |
| Noncash contributions included in lines 1a–1f | $63,032 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $587,045 |
| Total Program Service Revenue | $0 |
| Investment income | $37,588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $123,242 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $747,875 |
| 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. | $67,676 |
| Compensation of current officers, directors, key employees. | $67,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,733 |
| Pension plan accruals and contributions | $9,678 |
| Other employee benefits | $31,175 |
| Payroll taxes | $22,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,801 |
| Advertising and promotion | $6,408 |
| Office expenses | $33,639 |
| Information technology | $36,696 |
| Royalties | $0 |
| Occupancy | $23,222 |
| Travel | $695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $472 |
| Interest | $53 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,243 |
| Insurance | $1,048 |
| All other expenses | $0 |
| Total functional expenses | $999,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,661,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,352 |
| Prepaid expenses and deferred charges | $19,415 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,035,058 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,537,648 |
| Total assets | $11,293,592 |
| Accounts payable and accrued expenses | $253 |
| Grants payable | $0 |
| Deferred revenue | $1,060 |
| 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 | $316,915 |
| Total liabilities | $318,228 |
| Net assets without donor restrictions | $8,495,258 |
| Net assets with donor restrictions | $2,480,106 |
| 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 | $11,293,592 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Resource Center For Independent Living Inc Utica, NY | $78,994,199 | $94,328,581 |
Lifepath Inc Bethlehem, PA | $22,553,097 | $63,225,356 |
Archway Programs Inc Atco, NJ | $17,635,618 | $26,909,648 |
Independent Living Center Of The Hudson Valley Inc Troy, NY | $5,692,139 | $8,688,131 |
Heightened Independence And Progress Inc Hackensack, NJ | $1,680,091 | $2,007,145 |
Bronx Independent Living Services Inc Bronx, NY | $738,337 | $1,860,678 |
Westchester Disabled On The Move Inc Yonkers, NY | $777,490 | $1,204,210 |
Center For The Disabled Foundation Inc Albany, NY | $11,293,592 | $747,875 |
Disabled Information Awareness & Living Clifton, NJ | $369,207 | $748,255 |
Meca Inc Erie, PA | $127,090 | $217,911 |
Hands On Sign Interpreted Performances Inc New York, NY | $79,065 | $249,827 |
League For The Handicapped Inc Springville, NY | $4,794,829 | $1,304,431 |
Mens Center For Growth & Change Philadelphia, PA | $3,674 | $0 |