The Center for Discovery Inc

“The form 990 was prepared by a nationally recognized accounting firm, utilizing information provided by the organization's management. Once the draft return is completed, it is presented to and reviewed by the finance committee of the board of directors. After this review, the form 990 is shared with the entire board of directors for additional review and comment before it is filed with the irs.”

“All board members, officers, and key employees of the center for discovery are required to complete a conflict of interest disclosure form on an annual basis.”

“The organization uses an outside independent accounting consulting firm with expertise in the not-for profit industry to perform a compensation analysis for the ceo. The compensation analysis include the following: compensation surveys based upon the compensation and fringe benefits reported on the 990 tax returns for comparable agencies in the industry. The results of this compensation analysis are presented to the compensation committee of the board of directors, who reviews the analysis to determine appropriate compensation levels and ensure compliance with the due diligence guidelines as outlined in irc 4958. The basis for its determination and all decisions made are contemporaneously documented in meeting minutes.”

“The organization uses an outside independent accounting consulting firm with expertise in the not-for profit industry to perform a compensation analysis for the other corporate officers. The compensation analysis include the following: compensation surveys based upon the compensation and fringe benefits reported on the 990 tax returns for comparable agencies in the industry. The results of this compensation analysis are presented to the compensation committee of the board of directors, who reviews the analysis to determine appropriate compensation levels and ensure compliance with the due diligence guidelines as outlined in irc 4958. The basis for its determination and all decisions made are contemporaneously documented in meeting minutes.”

“The governing documents, conflict of interest policy and financial statements are available upon request from the organization.”

“Compensation of officers, directors, trustees, key employees, highest compensated employees, and independent contractors: there are 2,673 hours of documented attendance at board meetings during 2024. In addition to this, there are a number of informal hours members participate in board oversight and governance.”

“Effective january 1, 2024, following a 43-year tenure, patrick h. Dollard transitioned from chief executive officer to senior advisor under a written agreement approved by the board. Compensation reported in part vii for 2024 totaled $1,084,335 and includes payment of accrued paid time off earned and vested in prior periods but paid in 2024, wages for senior advisor services, and other amounts pursuant to the agreement and the corporation's standard payroll practices. Of the total, $390,933 represents payment of accrued pto earned and vested in prior periods; the remainder consists of the items described above. The senior advisor term extends through december 31, 2026.”

“In 2024 the organization commenced a new program called "Children's Specialty Hospital" that is reported on Part III, Line 4D as an other program service.”

“(Expenses $ 5,093,929 including grants of $ 0)(Revenue $ 3,351,569) CLINIC SERVICES - THE DISCOVERY HEALTH CENTER IS A NYS DEPARTMENT OF HEALTH CERTIFIED CLINIC THAT OFFERS CENTER RESIDENTS AND INDIVIDUALS FROM THE LARGER COMMUNITY, A BROAD RANGE OF OUTPATIENT SERVICES. THE CENTER PROVIDES COMPREHENSIVE HEALTH/MEDICAL AND CLINICAL SERVICES, INCLUDING PRIMARY CARE AND DENTAL SERVICES, COORDINATED BY A TEAM THAT INCLUDES A MEDICAL DIRECTOR, PRIMARY CARE PHYSICIANS AND SPECIALISTS, NURSE PRACTITIONERS, PSYCHOLOGISTS, PHYSICAL THERAPISTS, OCCUPATIONAL THERAPISTS, SPEECH LANGUAGE PATHOLOGISTS AND AUDIOLOGISTS.”

“(Expenses $ 4,292,029 including grants of $ 0)(Revenue $ 2,375,239) GRANTS FROM GOVERNMENTAL AGENCIES - THERAPISTS, SPEECH LANGUAGE PATHOLOGISTS AND AUDIOLOGISTS.”

“(Expenses $ 2,089,013 including grants of $ 0)(Revenue $ 111,286) CHILDREN'S SPECIALITY HOSPITAL - The Center for Discovery's first-of-its-kind Children's Specialty Hospital is transforming the standard of care for children and adolescents with complex conditions. The hospital provides specialized, short-term care for children with complex disabilities, along with support and training for their families, caregivers, and school districts. The Specialty Hospital's intensive, integrated treatment model enables each child to transition back to their home - and into their communities - reducing the need for long-term residential care. The hospital is expected to save New York State millions of dollars each year, with the goal of replicating this model throughout the state and the nation.”

“Total liabilities decreased year over year (from approximately $161.4 million to $144.7 million), reflecting scheduled principal payments, targeted reductions in certain debt obligations, and improvements in working-capital management. Consistent with board-approved transformation goals, the center is rebalancing its capital structure to align long-term debt with programmatic expansion in high-demand dd/idd services statewide-including residential, day, and school-age programs-while preserving financial flexibility to expand capacity and services.”

“UNREALIZED GAIN ON INTEREST RATE SWAPS - 3045755; CHANGE IN BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST - 348817; BAD DEBT FROM UNCOLLECTIBLE PLEDGES - -346365; Total - 3048207;”