Skip to content
Nonprofiteer
← ALBANY ARC FOUNDATION INC

Form 990 for tax year 2022

Filed by ALBANY ARC FOUNDATION INC.

Totals

Total revenue
$144,605
Total expenses
$168,056
Contributions and grants received
$68,674
Grants paid
$84,223
Program service revenue
$0
Investment income
$64,851
Other revenue
$11,080
Total assets, end of year
$1,685,005
Total liabilities, end of year
$69,663
Net assets or fund balances, end of year
$1,615,342
Program services expenses (Part IX)
$103,537
Management and general expenses
$34,312
Fundraising expenses
$30,207
Program service expenses (Part III)
$103,537

Program services were 61.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $4,260

  • 1f · All other contributions, gifts and grants

    $64,414

  • 3 · Investment income

    total $34,967 · excluded $34,967

  • 7a · Gross sales of assets other than inventory

    securities $29,884

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $29,884

  • 7d · Net gain or loss

    total $29,884 · excluded $29,884

  • 8a · Fundraising events: gross income

    $30,930

  • 8a · Fundraising events: contributions included on line 1c

    $4,260

  • 8b · Fundraising events: direct expenses

    $19,850

  • 8c · Net income from fundraising events

    total $11,080 · excluded $11,080

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $84,223 · program services $84,223

  • 11a · Fees: management

    total $37,200 · program services $19,314 · management and general $5,010 · fundraising $12,876

  • 11f · Fees: investment management

    total $27,624 · management and general $27,624

  • 11g · Fees: other

    total $17,473 · management and general $1,453 · fundraising $16,020

  • 13 · Office expenses

    total $1,536 · management and general $225 · fundraising $1,311

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,551 · end of year $15,584

  • 2 · Savings and temporary cash investments

    beginning of year $114,584 · end of year $121,585

  • 11 · Investments: publicly traded securities

    beginning of year $1,803,932 · end of year $1,547,836

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $483

  • 25 · Other liabilities

    beginning of year $50,951 · end of year $69,180

  • 27 · Net assets without donor restrictions

    beginning of year $1,841,434 · end of year $1,544,564

  • 28 · Net assets with donor restrictions

    beginning of year $83,682 · end of year $70,778

Mission and programs · 2022

Mission

TO SOLICIT DONATIONS FOR THE BENEFIT OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.

  • THE FOUNDATION IS A FUNDRAISING ORGANIZATION THAT SOLICITS DONATIONS ON BEHALF OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN ALBANY, WARREN AND WASHINGTON COUNTIES, NEW YORK.

    Expenses $103,537 · Grants $84,223

As filed on the 2022 return.

Listed in Part VII

  • Jessica Botelho

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Guidarelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne Marie Lockhart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kim Saba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judith Ann Mysliborski MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dr Glenn Monastersky

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Daniel Murray

    EXECUTIVE DIRECTOR

    Total calculated
    $218,982
    From this org
    $0
    From related orgs
    $198,136
    Other
    $20,846
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,136 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,846 related
    Filer's total
    $0 + $218,982 related

  • Kendra Moses

    CFO

    Total calculated
    $160,903
    From this org
    $0
    From related orgs
    $153,884
    Other
    $7,019
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,884 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,019 related
    Filer's total
    $0 + $160,903 related

  • Kelli Lathrop

    ASSISTANT EXEC DIR PROGRAM SVCS

    Total calculated
    $127,064
    From this org
    $0
    From related orgs
    $117,645
    Other
    $9,419
    Hours/week
    2 + 38 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
19 September 2023
IRS schema version
2022v5.0
Source object
202312689349300331

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.