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Nonprofiteer
← NYSARC INC

Form 990 for tax year 2023

Filed by NYSARC INC.

Totals

Total revenue
$326,448,545
Total expenses
$333,881,947
Contributions and grants received
$9,553,424
Grants paid
$16,180
Program service revenue
$313,024,455
Investment income
$173,548
Other revenue
$3,697,118
Total assets, end of year
$207,314,718
Total liabilities, end of year
$199,272,144
Net assets or fund balances, end of year
$8,042,574
Program services expenses (Part IX)
$294,570,194
Management and general expenses
$39,101,161
Fundraising expenses
$210,592
Program service expenses (Part III)
$294,570,194

Program services were 88.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RAYMOND FERRIGNO

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 0.4 related
  • PATRICIA MURPHY

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1.2 related
  • CORY O HENKEL

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 0.4 related
  • NANCY PETRINO

    3RD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 0.4 related
  • TINA VEALE

    4TH VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • MARK BINI ESQ

    5TH VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • JEANNE SDROULAS

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 0.4 related
  • ANDREAS CHRYSOSTOMOU

    FINANCIAL SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.4 related
  • STEPHEN BRODSKY

    RECORDING/CORRESPONDING SERETARY

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • ANGELO APONTE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.2 related
  • ALEXIS CAZE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • MARIE LOURDES CHARLES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.4 related
  • JAMES P CUSICK

    BOARD MEMBER (THRU 03/24)

    Total calculated
    $0
    Hours/week
    0.5
  • GAIL FISHKIND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • ANNE GORDON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related
  • LAURA J KENNEDY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • ALLISSON KNOLL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • MERI KRASSNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.4 related
  • ANTHONY LAZANAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • EVANDER LOMKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.4 related
  • NILSA SANTIAGO ESQ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • GERMAINE LAVISCOUNT SCOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.4 related
  • LYNDA TONERY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • SHARYN VAN REEPINGHEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.4 related
  • MARCO DAMIANI

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $820,293
    From this org
    $753,588
    From related orgs
    $0
    Other
    $66,705
    Hours/week
    47 + 3 related

    Schedule J breakdown matched by us

    Base
    $595,627
    Bonus
    $30,000
    Other
    $127,961
    Deferred
    $35,700
    Nontaxable benefits
    $31,005
    Filer's total
    $820,293
  • AMY WEST

    EVP/CHIEF FINANCIAL OFFICER

    Total calculated
    $489,593
    From this org
    $425,216
    From related orgs
    $0
    Other
    $64,377
    Hours/week
    47 + 3 related

    Schedule J breakdown matched by us

    Base
    $399,591
    Bonus
    $20,000
    Other
    $5,625
    Deferred
    $36,825
    Nontaxable benefits
    $27,552
    Filer's total
    $489,593
  • ELIZABETH LYNAM EVP

    CHIEF PROGRAM OFFICER (THRU 02/2024)

    Total calculated
    $414,249
    From this org
    $381,470
    From related orgs
    $0
    Other
    $32,779
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $360,351
    Bonus
    $10,000
    Other
    $11,119
    Deferred
    $30,974
    Nontaxable benefits
    $1,805
    Filer's total
    $414,249
  • GAIL SCHMERTZ-KERNER

    EVP/CHIEF LEGAL OFFICER

    Total calculated
    $447,033
    From this org
    $380,908
    From related orgs
    $0
    Other
    $66,125
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $365,740
    Bonus
    $10,000
    Other
    $5,168
    Deferred
    $34,933
    Nontaxable benefits
    $31,192
    Filer's total
    $447,033
  • HARVEY MIZRACH

    VP, RATE SETTING & BUDGETS ADVISOR

    Total calculated
    $363,831
    From this org
    $336,136
    From related orgs
    $0
    Other
    $27,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,545
    Bonus
    $0
    Other
    $13,591
    Deferred
    $8,138
    Nontaxable benefits
    $19,557
    Filer's total
    $363,831
  • SHARON FONG

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $341,642
    From this org
    $294,092
    From related orgs
    $0
    Other
    $47,550
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $285,212
    Bonus
    $5,000
    Other
    $3,880
    Deferred
    $24,055
    Nontaxable benefits
    $23,495
    Filer's total
    $341,642
  • IRVIN RODRIGUEZ

    CHIEF INFO & TECH OFFICER

    Total calculated
    $361,637
    From this org
    $301,058
    From related orgs
    $0
    Other
    $60,579
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $289,037
    Bonus
    $10,000
    Other
    $2,021
    Deferred
    $16,730
    Nontaxable benefits
    $43,849
    Filer's total
    $361,637
  • HARRIET GOLDEN

    VP, PROGRAMS & SERVICE INNOVATIONS

    Total calculated
    $329,327
    From this org
    $294,861
    From related orgs
    $0
    Other
    $34,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,132
    Bonus
    $0
    Other
    $30,729
    Deferred
    $10,633
    Nontaxable benefits
    $23,833
    Filer's total
    $329,327
  • KATHLEEN BRODERICK

    SR PROGRAM ADVISER/FORMER

    Total calculated
    $302,974
    From this org
    $275,550
    From related orgs
    $0
    Other
    $27,424
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $275,550
    Bonus
    $0
    Other
    $0
    Deferred
    $27,393
    Nontaxable benefits
    $31
    Filer's total
    $302,974

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE ORGANIZATION MAINTAINS A SUPPLEMENTAL PLAN (THE "SERP") THAT PROVIDES A LUMP SUM BENEFIT, GENERALLY AT RETIREMENT FOLLOWING 30 YEARS OF SERVICE, EQUAL TO AN ANNUITY PAYING THE PARTICIPANT 60% OF THE PARTICIPANT'S FINAL COMPENSATION FROM THE ORGANIZATION. THE BENEFIT IS PRORATED IN THE CASE OF EMPLOYEES WITH LESS THAN 30 YEARS OF SERVICE. THE TOTAL BENEFIT IS REDUCED BY ALL OTHER AHRC NYC RETIREMENT INCOME SOURCES (BOTH EMPLOYER FUNDED AND EMPLOYEE FUNDED, INCLUDING THE ORGANIZATION'S RETIREMENT PLAN). THE 457(B) COMPONENT OF THE PLAN VESTS IMMEDIATELY. THE 457(F) COMPONENT OF THE PLAN IS FULLY VESTED AT THE EARLIEST OF AGE 65, DEATH, DISABILITY OR INVOLUNTARY TERMINATION OF EMPLOYMENT. BENEFIT DISTRIBUTIONS IN CERTAIN YEARS MAY APPEAR HIGH DUE TO THE FACT THAT BENEFITS ACCRUE OVER VERY LONG PERIODS OF TIME BUT ARE THEN DISTRIBUTED IN THEIR ENTIRETY IN A LUMP SUM AT RETIREMENT AGE. ESSENTIALLY, THE LUMP SUM REPRESENTS AN AMOUNT THAT IS EQUIVALENT TO A DISTRIBUTION THAT COVERS A 20 YEAR "ANNUITY LIKE" DISTRIBUTION. IN MARCH 2012, A NEW SERP II WAS CREATED THAT WILL GENERALLY PROVIDE EXECUTIVES A GROSS ANNUAL DEFINED CONTRIBUTION BENEFIT OF 10% OF THE EXECUTIVE'S BASE PAY. THE FOLLOWING INDIVIDUALS REPORTED ON THE 990 ARE ELIGIBLE TO RECEIVE EMPLOYER CONTRIBUTIONS TO AHRC'S SECTION 457(F) PLANS: MARCO DAMIANI AMY WEST HARVEY MIZRACH KATHLEEN BRODERICK GAIL SCHMERTZ-KERNER ELIZABETH LYNAM DURING CALENDAR YEAR 2023, THE FOLLOWING INDIVIDUALS RECEIVED EMPLOYER CONTRIBUTIONS INTO AND DISTRIBUTIONS FROM THEIR SECTION 457(F) PLANS: MARCO DAMIANI - $102,683 MR. DAMIANI EMPLOYER FUNDED SECTION 457F CONTRIBUTION OF $102,683 VESTED IMMEDIATELY AND IS REPORTED IN FORM 990, SCHEDULE J, COLUMN (B)(III).
PART I, LINE 7
GAIL SCHMERTZ, EVP/CHIEF LEGAL OFFICER, IRVIN RODRIGUEZ, CHIEF INFORMATION & TECHNOLOGY OFFICER, SHARON FONG, VP, WORKFORCE DEVELOPMENT & TALENT, AND HARRY MIZRACH, VP, RATE SETTING AND BUDGETS RECEIVED A BONUS IN CALENDAR YEAR 2023 BASED ON MEETING CERTAIN OBJECTIVE PERFORMANCE CRITERIA/METRICS. THESE BONUSES WERE AUTHORIZED BY MANAGEMENT. THE INDIVIDUALS NOTED ABOVE HAD NO INPUT INTO THE AWARDING OF THEIR OWN BONUSES. OFFICERS, MARCO DAMIANI AND AMY WEST, KEY EMPLOYEE ELIZABETH LYNAM, RECEIVED DISCRETIONARY BONUSES IN CALENDAR YEAR 2023 TO REFLECT AHRC'S APPRECIATION FOR THEIR LEADERSHIP IN THE SUCCESSFUL COMPLETION OF VARIOUS MISSION-RELATED PROJECTS. THIS BONUS WAS APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN COMMITTEE MINUTES. CHIEF EXECUTIVE OFFICER, MARCO DAMIANI, AND EVP/CHIEF FINANCIAL OFFICER, AMY WEST, AND EVP/CHIEF PROGRAM OFFICER, ELIZABETH LYNAM, PROVIDE SERVICES TO THE AFFILIATED ORGANIZATIONS LISTED IN SCHEDULE R OF THE FORM 990 IN THEIR RESPECTIVE CAPACITIES AS CEO AND CFO; NEITHER RECEIVES ADDITIONAL COMPENSATION FOR PROVIDING THESE SERVICES.

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

No itemized grants to organizations 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
9 May 2025
IRS schema version
2023v6.0
Source object
202521299349304027

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

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