Overview
What is Nysarc Inc?
Nysarc Inc, established in 1949, is a dedicated nonprofit organization situated in Latham, New York. With a focus on enhancing the lives of individuals with intellectual and developmental disabilities, Nysarc provides a comprehensive range of trust services. These services include the administration of pooled trusts and both first- and third-party individual trusts, all of which are designed as supplemental needs trusts to ensure the wellbeing of those with disabilities without jeopardizing their eligibility for government programs. With a mission to improve the quality of life for individuals with developmental disabilities in every conceivable way, Nysarc Inc employs a team of 80 dedicated individuals to fulfill this vital role.
Official website here: www.nysarc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Nysarc Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while there are several areas of strength, there are also significant opportunities for improvement. The organization showcases a strong commitment to governance with a fully independent board and robust oversight practices, which is reflected in their high scores for accountability measures. Furthermore, they have no reported issues with asset diversion, and their financial policies are well documented.
However, the organization’s financial health appears to be a concern, with a program expense ratio of 53.82%, suggesting that a significant portion of their expenses may not be directed towards their programs. Additionally, their liabilities to assets ratio stands at 62.79%, which raises questions about their financial stability. These factors contribute to the overall "Needs Improvement" rating, highlighting the need for better financial management and resource allocation to enhance program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Nysarc Inc legitimate?
Nysarc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nysarc 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: $819,603
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,381,528
For more financial information, click here
Official website here: www.nysarc.org
What is the mission statement of Nysarc Inc?
Nysarc Inc, established in 1949, has a mission to improve the quality of life for individuals with intellectual and other developmental disabilities in every possible manner. The organization provides a range of trust services, including the administration of pooled trusts and first- and third-party individual trusts, all designed to meet the needs of people with any type of disability. These trusts serve as supplemental needs trusts, allowing funds to be set aside to enhance the quality of life of an individual with special needs without jeopardizing their benefits under various government programs.
Official website here: www.nysarc.org
Who is the CEO of Nysarc Inc?
Erik Geizer is the CEO of Nysarc Inc The CEO's salary of Nysarc Inc is $336,116 and their total compensation is $380,045.
Official website here: www.nysarc.org
What is the revenue of Nysarc Inc?
Nysarc Inc's revenue in 2024 was $9,647,487.
Official website here: www.nysarc.org
Who are the executives of Nysarc Inc and what are their salaries?
The average compensation at Nysarc Inc during 2024 was $65,014. There are 80 employees and 41 volunteers at Nysarc Inc.
Here are 51 key members and their salaries (Nysarc Inc's CEO's salary is $336,116 and their total compensation is $380,045):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $336,116
- Related: $0
- Other: $43,929
- Compensation: $229,326
- Related: $0
- Other: $45,838
- Compensation: $232,125
- Related: $0
- Other: $37,425
- Compensation: $156,297
- Related: $0
- Other: $31,358
- Compensation: $108,569
- Related: $0
- Other: $26,772
- Compensation: $149,605
- Related: $0
- Other: $11,121
- Compensation: $118,967
- Related: $0
- Other: $33,016
- Compensation: $112,596
- Related: $0
- Other: $19,967
- Compensation: $110,783
- Related: $0
- Other: $33,213
Official website here: www.nysarc.org
Where can I find the form 990 for Nysarc Inc?
Nysarc Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nysarc.org
Learn more at the official website: www.nysarc.org
Mission Statement of Nysarc Inc
Nysarc Inc, established in 1949, has a mission centered around enhancing the quality of life for individuals with intellectual and other developmental disabilities. Their objective is to improve their well-being in every conceivable way. To achieve this, Nysarc Inc offers a variety of trust services, including the administration of pooled trusts and both first- and third-party individual trusts. These trusts cater to individuals with any form of disability and are designed as supplemental needs trusts. By setting aside funds in this manner, Nysarc Inc aims to elevate the standard of living for these individuals without jeopardizing their eligibility for various government programs.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Nysarc Inc plays a crucial role in enhancing the quality of life for individuals with intellectual and developmental disabilities. Since its establishment in 1949, it has focused on providing essential services tailored to the needs of this community. Through a comprehensive range of trust services, including the administration of pooled trusts and both first- and third-party individual trusts, Nysarc Inc ensures that individuals can maintain their financial stability without jeopardizing their eligibility for government programs.
By offering supplemental needs trusts, the organization enables individuals to allocate funds specifically aimed at improving their quality of life, covering additional needs that go beyond what government assistance provides. This financial support is vital, allowing individuals with disabilities to access resources and services that facilitate greater independence and integration into society. Nysarc Inc’s commitment to this mission not only uplifts the individuals it serves but also fosters a more inclusive community that recognizes and values the contributions of people with developmental disabilities.
This information is meant to be a general summary of Nysarc 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 2024.
- Investment Income: $267,145
- Program Service Revenue: $5,146,362
- Gross Receipts: $9,647,487
Assets and Liabilities:
- Total Assets: $28,703,633
- Total Liabilities: $17,235,282
- Net Assets: $11,468,351
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FIDUCIARY FEES
Revenue
$5,146,362
Organization Details
Founding Year
1949
Principal Officer
Erik Geizer
Website
www.nysarc.orgNTEE Category
Code: P82Z - Human services
If you are a representative of Nysarc Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.