Nysarc Inc
- Assets
- $746.3k
- Revenue
- $137.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Beacon, NY
- Founding
- 10/1972
- Data as of
- 12/2023
- EIN
- 23-7540549
Organization Overview
Nysarc Inc is located in Beacon, NY. The organization was established in 1972. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 12/2023, Nysarc Inc employed 7 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 12/2023, Nysarc Inc generated $137.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $160.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NYSARC WAS FOUNDED IN 1949 TO MEET A CRITICAL MISSION - TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLEMENTAL GROUP DAY HABILITATION PROVIDING SUPPORT AND COMMUNITY INCLUSION FOR PEOPLE WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose Mary Cella President | Officer | 12 | $0 |
Carmen Sosa Vice President | Officer | 1 | $0 |
Donald Geer Treasurer | Officer | 10 | $0 |
Augustina Digiovanna Secretary | Officer | 0.25 | $0 |
Randy Blackstone Financial Secretary | Officer | 0.25 | $0 |
Christine Dorosh Board Member | Trustee | 0.1 | $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 | $13,937 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,937 |
| Total Program Service Revenue | $126,489 |
| Investment income | $17,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,279 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,614 |
| 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. | $38,825 |
| Compensation of current officers, directors, key employees. | $3,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,365 |
| Fees for services: Accounting | $17,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,484 |
| Fees for services: Other | $0 |
| Advertising and promotion | $192 |
| Office expenses | $3,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,141 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,074 |
| Insurance | $10,386 |
| All other expenses | $1,042 |
| Total functional expenses | $160,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,792 |
| Savings and temporary cash investments | $412,923 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,813 |
| 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 | $0 |
| Net Land, buildings, and equipment | $22,610 |
| Investments—publicly traded securities | $204,065 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,137 |
| Total assets | $746,340 |
| Accounts payable and accrued expenses | $13,632 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $38,018 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,471 |
| Total liabilities | $99,121 |
| Net assets without donor restrictions | $647,219 |
| 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 | $746,340 |