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New York State Local Government Services Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200190591 ✦ Albany, NY ✦ Designated as a 501(c)(3)

Overview

What is New York State Local Government Services Foundation Inc?

New York State Local Government Services Foundation Inc is a nonprofit organization situated in Albany, New York. With a small team of two employees, their primary mission is to assist local governments in the state by managing their property and casualty insurance needs. By acting as an attorney-in-fact, they aim to reduce the costs and expenses associated with providing various insurance programs, thereby providing valuable support to New York's municipalities.


Is New York State Local Government Services Foundation Inc legitimate?

New York State Local Government Services Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York State Local Government Services Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $252,658

For more financial information, click here


What is the mission statement of New York State Local Government Services Foundation Inc?
Who is the CEO of New York State Local Government Services Foundation Inc?
What is the revenue of New York State Local Government Services Foundation Inc?
Who are the executives of New York State Local Government Services Foundation Inc and what are their salaries?
Where can I find the form 990 for New York State Local Government Services Foundation Inc?

Mission Statement of New York State Local Government Services Foundation Inc

New York State Local Government Services Foundation Inc plays a crucial role in assisting municipalities within New York State in managing their property and casualty insurance requirements. Acting as an attorney-in-fact, the foundation helps these local governments reduce the costs and expenses associated with their insurance programs. By performing these duties, the foundation aims to support the provision of essential services by local governments, thereby contributing positively to the communities they serve.

Impact

This information is meant to be a general summary of New York State Local Government Services Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

New York State Local Government Services Foundation Inc plays a crucial role in supporting and assisting local governments in New York State with their property and casualty insurance needs. By acting as the attorney-in-fact for these municipalities, the organization helps reduce the costs and expenses associated with providing insurance programs. This enables local governments to better allocate their resources towards serving their communities and fulfilling their missions. The foundation's work has a direct impact on enhancing the efficiency and effectiveness of local government operations, ultimately benefiting the public through improved services and financial stewardship.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $167
  • Program Service Revenue: $2,048,659
  • Gross Receipts: $2,048,826

    • Assets and Liabilities:
  • Total Assets: $199,723
  • Total Liabilities: $0
  • Net Assets: $199,723
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ATTORNEY-IN-FACT

    Revenue

    $2,048,659

    Organization Details

    Founding Year

    1986

    Principal Officer

    Peter Baynes

    Main Address

    150 STATE STREET, ALBANY, NY, 122071636

    NTEE Category

    Code: W99 - Public benefit

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