Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $27,671,568

• 1f · All other contributions, gifts and grants

  $89,640

• 3 · Investment income

  total $1,924,481 · excluded $1,924,481

• 7a · Gross sales of assets other than inventory

  securities $180,042,316

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

  securities $141,034,936

• 7c · Gain or loss

  securities $39,007,380

• 7d · Net gain or loss

  total $39,007,380 · excluded $39,007,380

• 11a · Other revenue: PARTNERSHIP NET INCOME

  total $918,715 · excluded $918,715

• 11b · Other revenue: CAPITAL PROGRAM

  total $558,501 · related or exempt $558,501

• 11c · Other revenue: OTHER INCOME

  total $1,506 · related or exempt $1,506

• 11e · Other revenue, total

  $1,478,722

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $335,552 · program services $305,542 · management and general $30,010

• 7 · Other salaries and wages

  total $14,924,049 · program services $13,596,074 · management and general $1,327,975

• 8 · Pension plan contributions

  total $1,865,311 · program services $1,680,898 · management and general $184,413

• 9 · Other employee benefits

  total $7,015,296 · program services $6,321,732 · management and general $693,564

• 10 · Payroll taxes

  total $1,148,609 · program services $1,035,052 · management and general $113,557

• 11b · Fees: legal

  total $133,559 · management and general $133,559

• 11c · Fees: accounting

  total $91,106 · management and general $91,106

• 11d · Fees: lobbying

  total $74,313 · management and general $74,313

• 11e · Fees: professional fundraising services

  total $74,256 · fundraising $74,256

• 11f · Fees: investment management

  total $1,317,626 · management and general $1,317,626

• 11g · Fees: other

  total $119,669 · program services $83,824 · management and general $35,845

• 13 · Office expenses

  total $334,322 · program services $53,913 · management and general $280,409

• 17 · Travel

  total $24,344 · program services $14,633 · management and general $9,711

• 19 · Conferences, conventions and meetings

  total $30,896 · program services $26,077 · management and general $4,819

• 22 · Depreciation, depletion and amortization

  total $1,533,294 · program services $1,254,586 · management and general $278,708

• 24a · Other expenses: FACILITIES ALLOCATION

  total $2,154,201 · program services $2,128,997 · management and general $25,204

• 24b · Other expenses: PROGRAM SUPPLIES

  total $246,563 · program services $246,563

• 24c · Other expenses: CONTRACTUAL DIRECT SERV

  total $229,037 · program services $229,037

• 24d · Other expenses: STAFF RECRUITING

  total $112,269 · program services $2,540 · management and general $109,729

• 24e · All other expenses

  total $442,423 · program services $234,835 · management and general $207,588

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,603,110 · end of year $2,249,303

• 2 · Savings and temporary cash investments

  beginning of year $22,429,833 · end of year $71,536,473

• 3 · Pledges and grants receivable

  beginning of year $469,719 · end of year $304,485

• 4 · Accounts receivable

  beginning of year $8,328,665 · end of year $4,974,557

• 9 · Prepaid expenses and deferred charges

  beginning of year $20,154 · end of year $62,552

• 10a · Land, buildings and equipment: cost or other basis

  $44,902,020

• 10b · Land, buildings and equipment: accumulated depreciation

  $28,334,374

• 10c · Land, buildings and equipment, net

  beginning of year $16,777,321 · end of year $16,567,646

• 11 · Investments: publicly traded securities

  beginning of year $161,476,569 · end of year $136,630,155

• 12 · Investments: other securities

  beginning of year $23,630,359 · end of year $26,704,608

• 17 · Accounts payable and accrued expenses

  beginning of year $1,583,163 · end of year $1,124,111

• 19 · Deferred revenue

  beginning of year $1,647,316 · end of year $0

• 25 · Other liabilities

  beginning of year $6,710,798 · end of year $5,440,486

• 27 · Net assets without donor restrictions

  beginning of year $223,765,617 · end of year $251,388,642

• 28 · Net assets with donor restrictions

  beginning of year $1,028,836 · end of year $1,076,540

The filer's explanations (Part III)

PART I - LINE 4B

THE INSTITUTE PROVIDES A SUPPLEMENTAL DEFERRED COMPENSATION PLAN UNDER SECTION 457(B) OF THE INTERNAL REVENUE CODE FOR EMPLOYEES WHOSE BENEFIT ACCRUALS ARE FROZEN IN THE RETIREMENT PLAN FOR EMPLOYEES OF THE NEW YORK INSTITUTE FOR SPECIAL EDUCATION.

PART II - LINE 1

THE INSTITUTE NOTES THAT LOIS DOUGAN, FORMER PUPIL PERSONNEL SERVICES COORDINATOR, WAS NOT EMPLOYED BY THE INSTITUTE DURING FISCAL YEAR ENDING 6/30/2025. MS. DOUGAN'S COMPENSATION, VIA FORM W-2, WAS BASED PRIMARILY ON THE PAYOUT FROM THE SUPPLEMENTAL DEFERRED COMPENSATION PLAN BY THE INSTITUTE.

PART II - COLUMN (C)

WHEN EMPLOYEES BECOME ELIGIBLE FOR PARTICIPATION IN NEW YORK STATE EMPLOYEES' RETIREMENT SYSTEM, THE STATE EDUCATION DEPARTMENT ASSUMES RESPONSIBILITY FOR THE COST OF SUCH PARTICIPATION. THE STATE CONTRIBUTION IS DETERMINED BY EACH EMPLOYEE'S BASE SALARY MULTIPLIED BY THE EMPLOYEES' RETIREMENT SYSTEM'S RATE. THE ACTUARIAL DATA RELATED TO THE PENSION PLAN WAS NOT READILY AVAILABLE FROM THE NEW YORK STATE AND LOCAL RETIREMENT SYSTEM (NYSLRS). DUE TO THE LACK OF AVAILABLE DATA, THE INSTITUTE IS NOT ABLE TO PROVIDE THE ANNUAL INCREASE OR DECREASE IN ACTUARIAL VALUE FROM NYSLRS FOR EACH EMPLOYEE LISTED ON SCHEDULE J, COLUMN (C).