Overview
What is Griffiss Utility Services Corporation?
Griffiss Utility Services Corporation (GUSC) is a nonprofit organization based in Rome, New York, with an address at 410 Phoenix Drive, ZIP code 13441. Their primary mission is to support the restructuring, reform, and realignment of Griffiss Business & Technology Park by acquiring, maintaining, and selling utilities to park tenants. GUSC was established to aid Griffiss Local Development Corporation (GLDC) in their endeavor to redevelop the Griffiss Business and Technology Park. The organization's workforce comprises nine individuals.
Official website here: www.gusc.net
What are the reviews and ratings of this charity?
Charity Navigator has awarded Griffiss Utility Services Corporation a Four-Star out of Four Star rating, reflecting an impressive overall score of 96%. This rating is based solely on the organization's Accountability & Finance metrics, underscoring its commitment to maintaining high financial standards and transparency in its operations.
The organization excels in various areas, demonstrating a strong independent board structure with 100% independent members. Its financial practices are robust, with a very low liabilities to assets ratio of 2.35% and a program expense ratio of 90.80%, indicating that a significant portion of its funds is directed towards its mission-related activities. The presence of well-structured policies, such as a conflict of interest and a whistleblower policy, further enhances its credibility.
While the data showcases the organization’s strong financial health and governance, there are no additional insights regarding its programmatic impact or community engagement. Overall, the high rating reflects a solid foundation in financial accountability, but prospective supporters may want to seek further information on the specific outcomes of its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Griffiss Utility Services Corporation legitimate?
Griffiss Utility Services Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Griffiss Utility Services Corporation 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: $591,345
Professional Fundraising Fees: $0
Other Salaries and Wages: $403,271
For more financial information, click here
Official website here: www.gusc.net
What is the mission statement of Griffiss Utility Services Corporation?
Griffiss Utility Services Corporation (GUSC) was established to aid Griffiss Local Development Corporation (GLDC) in their mission to revitalize a business and technology park. GUSC's role is to support the restructuring, reform, and realignment of the park by providing essential utilities to its tenants. By acquiring, maintaining, and selling utilities, GUSC contributes to the park's development and growth. Their mission is focused on ensuring the park's tenants have access to reliable and efficient utility services, thereby facilitating a conducive environment for businesses to thrive. GUSC's operational support is instrumental in the broader goal of GLDC to revamp the business and technology park.
Official website here: www.gusc.net
Who is the CEO of Griffiss Utility Services Corporation?
Joseph L Cunningham is the Vice Chairman of Griffiss Utility Services Corporation. The CEO's salary of Griffiss Utility Services Corporation is $251,309 and their total compensation is $296,620.
Official website here: www.gusc.net
What is the revenue of Griffiss Utility Services Corporation?
Griffiss Utility Services Corporation's revenue in 2022 was $12,954,951.
Official website here: www.gusc.net
Who are the executives of Griffiss Utility Services Corporation and what are their salaries?
The average compensation at Griffiss Utility Services Corporation during 2022 was $110,513. There are 9 employees and 7 volunteers at Griffiss Utility Services Corporation.
Here are 11 key members and their salaries (Griffiss Utility Services Corporation's CEO's salary is $251,309 and their total compensation is $296,620):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $251,309
- Related: $0
- Other: $45,311
- Compensation: $150,393
- Related: $0
- Other: $38,880
- Compensation: $95,223
- Related: $0
- Other: $20,102
- Compensation: $140,241
- Related: $0
- Other: $12,826
Official website here: www.gusc.net
Where can I find the form 990 for Griffiss Utility Services Corporation?
Griffiss Utility Services Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gusc.net
Learn more at the official website: www.gusc.net
Mission Statement of Griffiss Utility Services Corporation
Griffiss Utility Services Corporation (GUSC) was established with a mission to aid Griffiss Local Development Corporation (GLDC) in their endeavor to revitalize Griffiss Business and Technology Park. In simpler terms, GUSC was formed to support GLDC's mission by managing and selling utilities to tenants within the park.
GUSC plays a crucial role in the restructuring, reform, and realignment of Griffiss Business & Technology Park by providing essential utility services. By acquiring, maintaining, and selling utilities to park tenants, GUSC contributes significantly to the overall development and growth of the park. This collaboration between GUSC and GLDC ensures that the park remains an attractive and functional business hub.
GUSC's involvement extends beyond the mere supply of utilities. By maintaining a high standard of service delivery, GUSC fosters a conducive business environment, enabling tenants to focus on their core operations. This support is essential for the park's tenants, as it allows them to concentrate on their businesses without worrying about the complexities of utility management. Additionally, the stability and reliability of utility services provided by GUSC are vital for attracting new tenants to the park.
Through its commitment to excellence, GUSC is an integral part of the revitalization efforts at Griffiss Business and Technology Park. The corporation's unwavering focus on providing quality utility services enables GLDC to successfully achieve its mission of redeveloping the park into a thriving business community.
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Impact
October, 2024
Griffiss Utility Services Corporation plays a crucial role in the redevelopment of the Griffiss Business and Technology Park in Rome, NY. By acquiring, maintaining, and selling utilities to park tenants, GUSC supports the essential infrastructure needed for businesses to thrive in the area. This focus on utility services not only aids in attracting new tenants but also fosters a conducive environment for innovation and growth within the technology park.
Through its strategic efforts, GUSC contributes to the economic revitalization of the region, enhancing business opportunities and promoting development. Its partnership with the Griffiss Local Development Corporation further strengthens initiatives aimed at transforming the park into a vibrant hub for technology and commerce. This impact on local infrastructure underpins the broader goal of community and economic development in Rome, NY, ultimately benefiting the public and promoting sustainable growth.
This information is meant to be a general summary of Griffiss Utility Services Corporation. 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: $497,950
- Program Service Revenue: $12,446,900
- Gross Receipts: $12,956,684
Assets and Liabilities:
- Total Assets: $56,113,253
- Total Liabilities: $1,324,217
- Net Assets: $54,789,036
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UTILITY REVENUE
Revenue
$12,326,900
Organization Details
Founding Year
2001
Phone
(315) 838-4872Principal Officer
Joseph L Cunningham
Main Address
410 PHOENIX DRIVE, ROME, NY, 13441
Website
www.gusc.netNTEE Category
Code: W80 - Public benefit
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