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Nonprofiteer
← ALBANY ARC FOUNDATION INC

Form 990 for tax year 2023

Filed by ALBANY ARC FOUNDATION INC.

Totals

Total revenue
$113,596
Total expenses
$145,795
Contributions and grants received
$70,565
Grants paid
$79,744
Program service revenue
$0
Investment income
$35,291
Other revenue
$7,740
Total assets, end of year
$1,803,943
Total liabilities, end of year
$55,918
Net assets or fund balances, end of year
$1,748,025
Program services expenses (Part IX)
$99,058
Management and general expenses
$18,949
Fundraising expenses
$27,788
Program service expenses (Part III)
$99,058

Program services were 67.9% 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

    $3,268

  • 1f · All other contributions, gifts and grants

    $67,297

  • 3 · Investment income

    total $42,715 · excluded $42,715

  • 7a · Gross sales of assets other than inventory

    securities $183,322

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

    securities $190,746

  • 7c · Gain or loss

    securities -$7,424

  • 7d · Net gain or loss

    total -$7,424 · excluded -$7,424

  • 8a · Fundraising events: gross income

    $26,090

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

    $3,268

  • 8b · Fundraising events: direct expenses

    $18,350

  • 8c · Net income from fundraising events

    total $7,740 · excluded $7,740

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $79,744 · program services $79,744

  • 11a · Fees: management

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

  • 11f · Fees: investment management

    total $12,030 · management and general $12,030

  • 11g · Fees: other

    total $15,689 · management and general $1,648 · fundraising $14,041

  • 13 · Office expenses

    total $1,132 · management and general $261 · fundraising $871

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,584 · end of year $64,897

  • 2 · Savings and temporary cash investments

    beginning of year $121,585 · end of year $156,531

  • 9 · Prepaid expenses and deferred charges

    end of year $1,483

  • 11 · Investments: publicly traded securities

    beginning of year $1,547,836 · end of year $1,581,032

  • 17 · Accounts payable and accrued expenses

    beginning of year $483 · end of year $0

  • 25 · Other liabilities

    beginning of year $69,180 · end of year $55,918

  • 27 · Net assets without donor restrictions

    beginning of year $1,544,564 · end of year $1,677,130

  • 28 · Net assets with donor restrictions

    beginning of year $70,778 · end of year $70,895

Mission and programs · 2023

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 $99,058 · Grants $79,744

As filed on the 2023 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
    $207,410
    From this org
    $0
    From related orgs
    $183,759
    Other
    $23,651
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,759 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,651 related
    Filer's total
    $0 + $207,410 related

  • Kendra Moses

    CFO

    Total calculated
    $161,870
    From this org
    $0
    From related orgs
    $153,906
    Other
    $7,964
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,906 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,964 related
    Filer's total
    $0 + $161,870 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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349316326

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