Civic Intelligence

Nysarc Inc Chenango County Chapter

990 • Fiscal year 2017 • EIN 16-0970103

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 25, 2018

17 Midland DriveNorwich, NY 13815

(607) 334-5366

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$0

Down $8,726,200 (-100%) from 2016

Net Assets

Down

$0

Down $6,355,790 (-100%) from 2016

Liabilities

Down

$0

Down $2,370,410 (-100%) from 2016

Revenue And Expenses

Revenue

Down

$2,019,603

Down $8,008,769 (-80%) from 2016

Expenses

Down

$4,393,412

Down $6,328,584 (-59%) from 2016

Net Income

Down

-$2,373,809

Down $1,680,185 (-242%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $8,763,317Liabilities 2010: $2,570,607Net Assets 2010: $6,192,7102010Assets 2011: $9,511,403Liabilities 2011: $2,590,319Net Assets 2011: $6,921,0842011Assets 2012: $10,242,288Liabilities 2012: $3,252,673Net Assets 2012: $6,989,6152012Assets 2013: $10,415,460Liabilities 2013: $3,017,107Net Assets 2013: $7,398,3532013Assets 2014: $9,420,185Liabilities 2014: $2,348,054Net Assets 2014: $7,072,1312014Assets 2015: $9,452,546Liabilities 2015: $2,581,247Net Assets 2015: $6,871,2992015Assets 2016: $8,726,200Liabilities 2016: $2,370,410Net Assets 2016: $6,355,7902016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,513,5452010Expenses 2011: $8,009,2722011Revenue 2012: $8,738,799Expenses 2012: $8,345,323Net Income 2012: $393,4762012Revenue 2013: $8,201,043Expenses 2013: $8,044,626Net Income 2013: $156,4172013Revenue 2014: $7,998,876Expenses 2014: $8,363,606Net Income 2014: -$364,7302014Revenue 2015: $8,570,721Expenses 2015: $8,604,478Net Income 2015: -$33,7572015Revenue 2016: $10,028,372Expenses 2016: $10,721,996Net Income 2016: -$693,6242016Revenue 2017: $2,019,603Expenses 2017: $4,393,412Net Income 2017: -$2,373,8092017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018

Highlighted filing

2017

Revenue$2,019,603
Expenses$4,393,412
Net Income-$2,373,809
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 25, 2018
Return Version
2017v2.3
Gross Receipts
$3,681,778
Mission and Program Overview

Mission

The mission of the chenango county arc is to provide programs that are specific to meet a consumer's needs in the areas of vocational rehabilitation, job readiness training, employment opportunity, residential services, service coordination, day habilitation and other support services that would allow participants the opportunity to meet their optimum level of success and independence. These measures will be designed to ensure that program participants are not only involved in, but are making positive contributions to their respective communities.

To improve the quality of life for people with intellectual and other developmental disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,257,302$0▼ $4,257,302
Investments in Publicly Traded Securities$940,499$0▼ $940,499
Accounts Receivable$859,403$0▼ $859,403
Savings and Temporary Cash Investments$329,102$0▼ $329,102
Inventories for Sale or Use$216,020$0▼ $216,020
Prepaid Expenses and Deferred Charges$29,820$0▼ $29,820
Cash and Non-Interest-Bearing Accounts$2,660$0▼ $2,660
Total Assets$8,726,200$0▼ $8,726,200
Other Assets Total$2,091,394$0▼ $2,091,394
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,430,149$0▼ $1,430,149
Accounts Payable and Accrued Expenses$643,922$0▼ $643,922
Other Liabilities$296,339$0▼ $296,339
Total Liabilities$2,370,410$0▼ $2,370,410
Net Assets / Fund Balance
Unrestricted Net Assets$6,355,790$0▼ $6,355,790
Total Net Assets Fund Balance$6,355,790$0▼ $6,355,790
Total Liabilities and Net Assets / Fund Balance$8,726,200$0▼ $8,726,200

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,666,779$4,423,756$6,090,535
Equipment$299,533$2,876,585$3,176,118
Other Land Buildings$52,808$409,805$462,613
Land$419,598-$419,598
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy HowardChief Operating Officer--$132,438$132,438
Jason LasickiSales ManagerFT$104,122$27,129$131,251
Sandra MockDirector of ItFT$111,106$13,761$124,867
Eric MooreDirector of OperationsFT$117,911$719$118,630
David MarkieV.p. Facility Operations--$117,877$117,877
Colleen KaniaChief Financial Officer--$55,130$55,130
Beverly DocteurChief Financial Officer--$49,750$49,750
Ann YeagerChief Financial Officer--$38,391$38,391

Board Members and Trustees

NameTitle
Ellen FeldmanPresident
Dave Sebastianelli1st Vice President & Board of Gov. Rep
Kim ParkerPresident & 2nd Vice President
Barbara SchindlerVice President & Treasurer
Dennis MirabitoBoard Member
Dorollo NixonBoard Member
Gail RattingerBoard Member
Gary ShayBoard Member
Howard SullivanBoard Member
James SavageBoard Member
Jeremy SedelmeyerBoard Member
John StevensBoard Member
Kathy SheehanBoard Member
Kelly EurilloBoard Member
Kevin GilroyBoard Member
Lisa DolphinBoard Member
Margaret CollinsBoard Member
Michelle KaredesBoard Member
Pamela Stewart FahsBoard Member
Al TurkBoard of Gov. Rep
Angelo Defelippo IiiBoard of Gov. Rep
Anne Marie LockhartBoard of Gov. Rep
Anne TownsendBoard of Gov. Rep
Arthur StilwellBoard of Gov. Rep
Audrey TarantinoBoard of Gov. Rep
Barbara KaniaBoard of Gov. Rep
Carol KenyonBoard of Gov. Rep
Cheryl EnglertBoard of Gov. Rep
Cheryl GuildBoard of Gov. Rep
Cynthia LackiBoard of Gov. Rep
Daniel MartindaleBoard of Gov. Rep
Dave MillerBoard of Gov. Rep
David HirtleBoard of Gov. Rep
David IrishBoard of Gov. Rep
David LiscombBoard of Gov. Rep
Deborah WilburBoard of Gov. Rep
Debra ThompsonBoard of Gov. Rep
Debrah FischerBoard of Gov. Rep
Denise Grenier PetersonBoard of Gov. Rep
Dian CifuniBoard of Gov. Rep
Diane DearbornBoard of Gov. Rep
Donald GeerBoard of Gov. Rep
Donald SmithBoard of Gov. Rep
Dorothy WheelerBoard of Gov. Rep
Dr John KowalczykBoard of Gov. Rep
Dr Thomas DelaneyBoard of Gov. Rep
Edward J LeahyBoard of Gov. Rep
Ellen OwensBoard of Gov. Rep
Ellen Shanahan Becker EsqBoard of Gov. Rep
Geoffrey DoyleBoard of Gov. Rep
Gordon EyerBoard of Gov. Rep
Greg BoothBoard of Gov. Rep
Harold Hoffmeier JrBoard of Gov. Rep
Howard JuristBoard of Gov. Rep
Ida RiosBoard of Gov. Rep
JUDY O'ROURKEBoard of Gov. Rep
James BlackburnBoard of Gov. Rep
James CannonBoard of Gov. Rep
James WarrenBoard of Gov. Rep
Jerome IsaacsBoard of Gov. Rep
Jill AbdallahBoard of Gov. Rep
Joanna GrecoBoard of Gov. Rep
Joanne GrantBoard of Gov. Rep
Joanne RhodeBoard of Gov. Rep
John DesantoBoard of Gov. Rep
Joseph CassariniBoard of Gov. Rep
Joseph Del BroccoloBoard of Gov. Rep
Joseph ZifchockBoard of Gov. Rep
Kenneth WalkerBoard of Gov. Rep
Laura KearinsBoard of Gov. Rep
Lori MartindaleBoard of Gov. Rep
Lorraine CostelloBoard of Gov. Rep
MARIA O'HOROBoard of Gov. Rep
Marcia KasprzykBoard of Gov. Rep
Marcy VanzandtBoard of Gov. Rep
Marie Therese FrieriBoard of Gov. Rep
Marlene HillBoard of Gov. Rep
Marlene SiriannoBoard of Gov. Rep
Mary Ann BarbarinoBoard of Gov. Rep
Mary Anne VandenburghBoard of Gov. Rep
Mary Beth IrishBoard of Gov. Rep
Mary Jo HebertBoard of Gov. Rep
Mary MullerBoard of Gov. Rep
Mary Pat HarrisBoard of Gov. Rep
Maureen DartBoard of Gov. Rep
Mike OstranderBoard of Gov. Rep
Mischelle ShattuckBoard of Gov. Rep
Nancy CookeBoard of Gov. Rep
Nat ThomasBoard of Gov. Rep
Nelva TurekBoard of Gov. Rep
Patricia CampanellaBoard of Gov. Rep
Peter J Martin EsqBoard of Gov. Rep
Polly SullivanBoard of Gov. Rep
Randy SchaalBoard of Gov. Rep
Raphael SmithBoard of Gov. Rep
Rev Dr Lisa VanderwalBoard of Gov. Rep
Richard RimaBoard of Gov. Rep
Richard SirotaBoard of Gov. Rep
Robert BoeningBoard of Gov. Rep
Robert DesioBoard of Gov. Rep
Robert KleppangBoard of Gov. Rep
Ronald GeorgeBoard of Gov. Rep
Rosa RodriquezBoard of Gov. Rep
Rose Mary CellaBoard of Gov. Rep
Rose PalmieriBoard of Gov. Rep
Sally RomanoBoard of Gov. Rep
Saundra M GumeroveBoard of Gov. Rep
Sharon BoydBoard of Gov. Rep
Sharon RussitanoBoard of Gov. Rep
Sharyn Van ReepinghenBoard of Gov. Rep
Shelley WintersBoard of Gov. Rep
Shree CrossBoard of Gov. Rep
Stephanie DyerBoard of Gov. Rep
Steven DrobyshBoard of Gov. Rep
Susan LucasBoard of Gov. Rep
Susan MillerBoard of Gov. Rep
Thomas TalbettBoard of Gov. Rep
Todd JacobsonBoard of Gov. Rep
Walter HoganBoard of Gov. Rep
Nicki FrenchSecretary & Board of Gov. Rep.
Robert SalankiewiczAssistant Treasurer
Mary Jo ThornChief Executive Officer
William WhitakerSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
First TransitTransportation22192 NETWORK PLACE, Chicago, IL 60673-1221$353,923
Revenue and Support

Revenue Composition

Contributions and Grants
$28,236
Program Service Revenue
$3,539,468
Investment Income
$-1,550,291
Other Revenue
$2,190
Change in Net Assets
$-2,373,809
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,201,407
Other Expenses$2,192,005
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,290,768$56,177-$1,346,945
Current Officers, Directors, Trustees, and Key Employees$372,773--$372,773
Other Employee Benefits$319,275$41,590-$360,865
Travel$212,314$4,117-$216,431
Depreciation Depletion$186,167$20,416-$206,583
Occupancy$107,973$12,754-$120,727
All Other Expenses$101,400$5,024-$106,424
Payroll Taxes$85,790$9,707-$95,497
Other Expenses$59,243$2,772-$62,015
Office Expenses$22,006$7,750-$29,756
Pension Plan Contributions$18,664$6,663-$25,327
Insurance$15,832$8,499-$24,331
Interest$9,685$-2,712-$6,973
Total Functional Expenses$3,336,059$1,057,353$0$4,393,412
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Nysarc, inc. Is a unitary corporation consisting of its 45 chapters. Nysarc, inc., chenango county chapter is one division of the corporation. The corporation and chapter's governing body is the board of governors representing the individual membership in each chapter's jurisdiction. Each chapter has from 1 to 6 governors based on membership. The corporation through its bylaws delegates day-to-day operating authority to the chapter's board of directors. The executive committee of the board of governors (see part vi, line 7a below) comprises the corporation's elected officers and excercises all powers of the board of governors between planary meetings of the governors.

Form 990, Part VI, Section A, Line 7A

The delegation assembly, which represents nysarc's 100,000 members, elects the corporation president, secretary,treasurer and assistant treasurer to 1-year terms. Delegates elect regional vice presidents to 1-year terms from their respective regions. The board of governors elects one senior vice president. The nysarc, inc., chenango county chapter election procedure is as follows: chapter members are notified prior to the date of the annual meeting with the names of chapter officers, directors and nominating committee member nominees. Voting takes place at the annual meeting in person or by proxy. Directors shall be elected for a term of three years. Officers, consisting of president, vice president, second vice president, secretary, treasurer, assistant treasurer and such other officers as the board deems necessary shall be elected for a term of one year. Each member of the nominating committee shall serve for a term of one year.

Form 990, Part VI, Section A, Line 7B

Chapter bylaw amendments are subject to the board of governors approval. Any action of the board of governors may be reviewed at the succeeding delegate assembly. No action of the governors that affect the irrevocable rights of third parties may be rescinded. Corporate bylaw amendments are subject to approval by a majority of chapters.

Form 990, Part VI, Section B, Line 11B

The board of governors does not review chapters' form 990s before they are filed. Each chapter submits a copy of its form 990 to the governing board when the chapter is filed. Each chapter must have a process for its board of directors to review the form 990. Nysarc, inc., chenango county chapter's process is as follows: management and the board of directors will review the form 990 prior to submission. Any questions or comments will be directed to the accounting firm that prepares the return. The form 990 is made available for review prior to the board meeting.

Form 990, Part VI, Section B, Line 12C

At time of hire all staff are provided with a nysarc, inc., chenango counties chapter conflict of interest policy to review and sign. Board members and the executive management team sign annually.

Form 990, Part VI, Section B, Line 15

As it relates to the chief executive officer's compensation review, the executive committee will be guided by the following: 1. Reviews and determines, based on the performance evaluation, the compensation and benefits of the ceo and recommends them to the full board. 2. Retains, as necessary, consultant and/or data and information to assist the committee in the evaluation of the compensation of the ceo. This evaluation must be adequate in scope to satisfy the internal revenue service requirments regarding excess compensation in its intermediate sanction regulations. 3. A review of executive compensation plans to the extent required by federal and state laws and regulations. The executive committee utilizes a compensation and review process that ensures due diligence,which may include analysis of salaries for comparable positions (990 forms from other like agencies,survey information, etc.), budget consideration, and a review of internal equity considerations. The performance evaluation will be a key factor in the compensation recommendations. Prior to formalizing any compensation plan, or plan revision, the chairperson may review the plan with the chief financial officer to ensure compliance with all applicable laws and regulations as well as to ensure feasibility of administration of the plan within the structure and policies of the agency. The executive committee will review as required the contract for the ceo and provide recommendations regarding change there to. Any changes regarding these benefits are reflected in the ceo contract. A copy of the contract will be kept in the ceo's personnel file. The chairperson of the committee shall report to the board the deliberations, actions, and recommendations of the committee. The chairperson (or designee) will meet with the ceo to inform him/her of changes in the contract and in compensation and benefits agreed upon by the board. Key executive management staff are evaluated annually by the ceo. Any changes in compensation are made based on comparative market analysis and agency budget comparative data.

Form 990, Part VI, Section C, Line 19

Under regulations that became effective in 1999, nysarc, inc., chenango county chapter is subject to federal requirements to make the following forms "widely available" to all members of the general public: 1. The three most recent annual information returns (form 990), excluding the list of significant donors (schedule b) that is attached to the form 990, but including any other accompanying schedules as required. 2. Nysarc, inc., chenango county chapter's original application for recognition of its tax-exempt status (form 1023), filed with irs and all accompanying schedules and attachments. It is the policy of nysarc, inc., chenango county chapter to adhere to the following guidelines in order to comply with the preceding public disclosure requirments: 1. Anyone appearing in person at the offices of nysarc, inc., chenango county chapter during normal working hours making a request to inspect the forms will be granted access to a file copy of the forms. The cfo shall be responsibile for maintaining this copy of each form and for making it available to all requesters. 2. For all written requests for copies of forms received by nysarc, inc., chenango county chapter, the organization shall require pre-payment of all copying and shipping charges. For requests for copies that are received without prepayment, nysarc, inc., chenango county chapter will notify the requester of this policy via phone call or by letter within 7 days of receipt of the original request. 3. The copying cost charged by nysarc, inc., chenango county chapter for providing copies of requested forms shall be $1.00 for the first page copies and $0.15 for each subsequent page. All copies shall be shipped to requesters via regular first class mail, thus, shipping charges will be a standard $3.00 per shipment. 4. After payment is received by nysarc, inc., chenango county chapter, all requested copies shall be shipped to requesters within 30 days. Making all copies and shipping within the 30-day time period shall be the responsibility of the business office. 5. For requests for copies made in person during normal business hours, copies shall be provided while the requester waits. 6. Nysarc, inc., chenango county chapter shall accept cerified checks and money orders for requests for copies made in person. Nysarc, inc., chenango county chapter shall accept certified checks, money orders and credit cards as payment for copies of forms requested in writing.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Howard sullivan - 393 delaware avenue, delmar, ny 12054. Kevin gilroy - 393 delaware avenue, delmar, ny 12054. Thomas talbett - 393 delaware avenue, delmar, ny 12054. Debra thompson - 393 delaware avenue, delmar, ny 12054. Al turk - 393 delaware avenue, delmar, ny 12054. Ida rios - 393 delaware avenue, delmar, ny 12054. Raphael smith - 393 delaware avenue, delmar, ny 12054. Todd jacobson - 393 delaware avenue, delmar, ny 12054. Marlene sirianno - 393 delaware avenue, delmar, ny 12054. Jill abdallah - 393 delaware avenue, delmar, ny 12054. Cynthia lacki - 393 delaware avenue, delmar, ny 12054. Mary anne vandenburgh - 393 delaware avenue, delmar, ny 12054. Dorothy wheeler - 393 delaware avenue, delmar, ny 12054. Rose mary cella - 393 delaware avenue, delmar, ny 12054. Donald geer - 393 delaware avenue, delmar, ny 12054. James warren - 393 delaware avenue, delmar, ny 12054. Lorraine costello - 393 delaware avenue, delmar, ny 12054. Shelley winters - 393 delaware avenue, delmar, ny 12054. Robert kleppang - 393 delaware avenue, delmar, ny 12054. Dave miller - 393 delaware avenue, delmar, ny 12054. Debrah fischer - 393 delaware avenue, delmar, ny 12054. Ronald george - 393 delaware avenue, delmar, ny 12054. Stephanie dyer - 393 delaware avenue, delmar, ny 12054. David liscomb - 393 delaware avenue, delmar, ny 12054. Joanne rhode - 393 delaware avenue, delmard, ny 12054. Cheryl englert - 393 delaware avenue, delmar, ny 12054. Marcy vanzandt - 393 delaware avenue, delmar, ny 12054. Randy schaal - 393 delaware avenue, delmar, ny 12054. Joseph zifchock - 393 delaware avenue, delmar, ny 12054. David irish - 393 delaware avenue, delmar, ny 12054. Mary beth irish - 393 delaware avenue, delmar, ny 12054. Sally romano - 393 delaware avenue, delmar, ny 12054. Saundra m gumerove - 393 delaware avenue, delmar, ny 12054. Howard jurist - 393 delaware avenue, delmar, ny 12054. Edward j leahy - 393 delaware avenue, delmar, ny 12054. Sharyn van reepinghen - 393 delaware avenue, delmar, ny 12054. Marie therese frieri - 393 delaware avenue, delmar, ny 12054. Donald smith - 393 delaware avenue, delmar, ny 12054. Joanna greco - 393 delaware avenue, delmar, ny 12054. Dr. John kowalczyk - 393 delaware avenue, delmar, ny 12054. James cannon - 393 delaware avenue, delmar, ny 12054. Gordon eyer - 393 delaware avenue, delmar, ny 12054. Deborah wilbur - 393 delaware avenue, delmar, ny 12054. Joanne grant - 393 delaware avenue, delmar, ny 12054. Marlene hill - 393 delaware avenue, delmar, ny 12054. Mary ann barbarino - 393 delaware avenue, delmar, ny 12054. Richard rima - 393 delaware avenue, delmar, ny 12054. Walter hogan - 393 delaware avenue, delmar, ny 12054. Susan lucas - 393 delaware avenue, delmar, ny 12054. Diane dearborn - 393 delaware avenue, delmar, ny 12054. Richard sirota - 393 delaware avenue, delmar, ny 12054. Audrey tarantino - 393 delaware avenue, delmar, ny 12054. Patricia campanella - 393 delaware avenue, delmar, ny 12054. Anne townsend - 393 delaware avenue, delmar, ny 12054. Robert desio - 393 delaware avenue, delmar, ny 12054. Angelo defelippo, iii - 393 delaware avenue, delmar, ny 12054. Barbara kania - 393 delaware avenue, delmar, ny 12054. John desanto - 393 delaware avenue, delmar, ny 12054. Harold hoffmeier, jr - 393 delaware avenue, delmar, ny 12054. Marcia kasprzyk - 393 delaware avenue, delmar, ny 12054. Mary pat harris - 393 delaware avenue, delmar, ny 12054. Rose palmieri - 393 delaware avenue, delmar, ny 12054. Arthur stilwell - 393 delaware avenue, delmar, ny 12054. Mischelle shattuck - 393 delaware avenue, delmar, ny 12054. Joseph del broccolo - 393 delaware avenue, delmar, ny 12054. Kenneth walker - 393 delaware avenue, delmar, ny 12054. Steven drobysh - 393 delaware avenue, delmar, ny 12054. Robert boening - 393 delaware avenue, delmar, ny 12054. Shree cross - 393 delaware avenue, delmar, ny 12054. Anne marie lockhart - 393 delaware avenue, delmar, ny 12054. Daniel martindale - 393 delaware avenue, delmar, ny 12054. Lori mar

Filing and Contact Details

Filer

Filer Name
Nysarc Inc Chenango County Chapter
EIN
16-0970103
Phone
6073345366
Address
17 MIDLAND DRIVE, NORWICH, NY 13815

Signing Officer

Name
Barbara Schindler
Title
Treasurer
Phone
6077238361
Signed
2018-10-25

Organization Details

Principal Officer
Barbara Schindler
Formed
1949
Legal Domicile
Ny
Voting Board Members
122
Independent Board Members
122
Employees
179
Volunteers
122

Preparer

Firm
Bryans & Gramuglia Cpas LLC
Address
1 PINE WEST PLAZA SUITE 107, ALBANY, NY 12205
Preparer
Robert Gramuglia
Phone
5184528055
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net assets transferred to nysarc, inc., broome-chenango tioga counties chap -3,981,981.

Form 990 - Part XII - Line 2C

The process has not changed since the prior year.

Financial Statement Notes

PART X, LINE 2:

The financial accounting standards board (fasb) issued asc 740-10 which requires entities to disclose in their financial statements the nature of any uncertainty in their tax position. For tax-exempt entities, their tax-exempt status itself is deemed to be an uncertainty, since events could occur to jeopardize their tax-exempt status. The chapter implemented fasb asc 740-10 and its current accounting policy for evaluating uncertain tax positions is in accordance with generally accepted accounting principles. The chapter has not recognized any benefits from uncertain tax positions in 2017 and believes it has no uncertain tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within 12 months of the statements of financial position date. The chapter evaluated its tax position and concluded that all of the positions taken by the chapter would more likely than not be sustained upon examination, based on technical merits. The information returns of the chapter for 2014, 2015, and 2016 are subject to examination by tax authorities, generally for three years after they were filed.

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