Overview
What is New York State Industries For The Disabled Inc?
New York State Industries for the Disabled Inc (NYSID) is a membership organization in Albany, New York, that transforms business opportunities into jobs for the state's residents with disabilities. The organization simplifies the purchasing process for state agencies and political subdivisions by serving as a preferred source for commodities and services, leading to employment opportunities for approximately 5,000 individuals. During the reporting period, over 4,600 individuals with disabilities earned more than $77.7 million through NYSID preferred source contracts. By providing employment rather than subsidizing individuals, NYSID contributes to better lives for thousands of people working at member agency production facilities and community placements.
Official website here: www.nysid.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82%, Three-Star out of Four Star rating.
New York State Industries For The Disabled Inc has earned an overall score of 82%, reflecting solid accountability and financial practices. The organization demonstrates a high level of transparency with a fully independent board and comprehensive policies, including those for conflict of interest and whistleblower protections. The strong performance in program expense ratio signifies a commitment to maximizing funds directly for programmatic work.
The fiscal management of the organization is noteworthy, particularly with no material diversion of assets reported, indicating a responsible approach to financial stewardship. However, the liabilities to assets ratio presents a concern, scoring only 1 out of 15 points. This ratio suggests that the organization may be facing challenges in managing its debt relative to its assets, which could impact its financial stability in the long term.
Overall, while New York State Industries For The Disabled Inc exhibits strengths in governance and program expenses, potential donors and stakeholders should consider the implications of its financial ratios when evaluating the organization's long-term viability and capacity for growth.
This AI summary has been generated from information found on Charity Navigator.
Is New York State Industries For The Disabled Inc legitimate?
New York State Industries For The Disabled Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York State Industries For The Disabled Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $342,844
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,194,172
For more financial information, click here
Official website here: www.nysid.org
What is the mission statement of New York State Industries For The Disabled Inc?
New York State Industries For The Disabled Inc is a membership organization that facilitates business opportunities, resulting in employment for approximately 5,000 individuals with disabilities. By contracting for products and services produced by qualified not-for-profit charitable agencies, NYSID simplifies the purchasing process for state agencies and political subdivisions. This streamlined approach encourages the creation of jobs for people with disabilities. Through its preferred sourcing status, NYSID provides a valuable service, making it the go-to resource for commodities and services while expanding employment opportunities.
Official website here: www.nysid.org
Who is the CEO of New York State Industries For The Disabled Inc?
Maureen O'Brien is the Chair of New York State Industries For The Disabled Inc. The CEO's salary of New York State Industries For The Disabled Inc is $265,267 and their total compensation is $330,980.
Official website here: www.nysid.org
What is the revenue of New York State Industries For The Disabled Inc?
New York State Industries For The Disabled Inc's revenue in 2022 was $266,923,415.
Official website here: www.nysid.org
Who are the executives of New York State Industries For The Disabled Inc and what are their salaries?
The average compensation at New York State Industries For The Disabled Inc during 2022 was $53,377. There are 85 employees and 15 volunteers at New York State Industries For The Disabled Inc.
Here are 21 key members and their salaries (New York State Industries For The Disabled Inc's CEO's salary is $265,267 and their total compensation is $330,980):
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- Compensation: $265,267
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- Compensation: $142,930
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- Compensation: $128,529
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- Other: $16,816
Official website here: www.nysid.org
Where can I find the form 990 for New York State Industries For The Disabled Inc?
New York State Industries For The Disabled Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nysid.org
Learn more at the official website: www.nysid.org
Mission Statement of New York State Industries For The Disabled Inc
New York State Industries For The Disabled Inc, or NYSID, is a membership organization on a mission to create business opportunities that lead to employment for approximately 5,000 New York State residents with disabilities. By contracting for products and services produced by qualified not-for-profit charitable agencies, NYSID simplifies the purchasing process for state agencies and political subdivisions.
In essence, NYSID serves as a preferred source for commodities and services, enhancing the buying experience for these entities while simultaneously encouraging employment opportunities for individuals with disabilities. The organization's efforts in streamlining the procurement process result in significant benefits for all parties involved.
NYSID plays a crucial role in New York State's business landscape by connecting state agencies and political subdivisions with not-for-profit charitable agencies that employ individuals with disabilities. Through these collaborations, the organization empowers these businesses to showcase their capabilities and contribute to the community by providing essential goods and services. In doing so, NYSID not only facilitates meaningful employment opportunities but also strengthens the economic impact of these agencies, ultimately benefiting the wider community.
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Impact
October, 2024
New York State Industries For The Disabled Inc. (NYSID) significantly impacts the lives of New Yorkers with disabilities by transforming business opportunities into meaningful employment. By facilitating contract opportunities for products and services produced by nonprofit organizations employing individuals with disabilities, NYSID fosters economic independence and enhances the quality of life for its participants.
During the reporting period, NYSID enabled 4,644 individuals with significant disabilities to secure employment, resulting in earnings exceeding $77.7 million. This achievement not only provides essential income but also promotes social inclusion and community engagement. By prioritizing employment over subsidies, NYSID contributes to a more sustainable support system for people with disabilities, allowing them to thrive in diverse roles within member agency production facilities and community placements.
In addition to empowering individuals, NYSID's efforts yield broader fiscal advantages for New York State. Their role as a preferred source for commodities and services streamlines procurement for state agencies and local governments, reinforcing a commitment to inclusive employment practices. This dual approach of addressing both individual and systemic needs through employment opportunities underscores the transformative impact of NYSID in building a more equitable workforce for individuals with disabilities across the state.
This information is meant to be a general summary of New York State Industries For The Disabled Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $546,884
- Program Service Revenue: $266,376,531
- Gross Receipts: $267,408,559
Assets and Liabilities:
- Total Assets: $90,596,227
- Total Liabilities: $63,905,305
- Net Assets: $26,690,922
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES & CONTRACTS
Revenue
$257,363,429
FEES
Revenue
$9,013,102
Organization Details
Founding Year
1975
Phone
(518) 463-9706Principal Officer
Maureen O'Brien
Main Address
11 COLUMBIA CIRCLE DRIVE, ALBANY, NY, 122035156
Website
www.nysid.orgNTEE Category
Code: J30 - Employment
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