Nysernet Net Inc
Nysernet Net Inc. consistently accumulates significant assets with minimal expenses and no reported officer compensation.
EIN: 161491252 · Syracuse, NY · NTEE: B110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.6M |
| Total Expenses | $161K |
| Program Spending | 30% |
| Net Assets | $17.3M |
| Transparency Score | 65/100 |
Is Nysernet Net Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nysernet Net Inc directs 30% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Nysernet Net Inc
Nysernet Net Inc (EIN: 161491252) is a nonprofit organization based in Syracuse, NY, classified under NTEE code B110. The organization reported total revenue of $27.6M and total assets of $18.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nysernet Net Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nysernet Net Inc is a large nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $563K |
| Total Expenses | $161K |
| Surplus / Deficit | +$402K |
| Total Assets | $17.5M |
| Total Liabilities | $136K |
| Net Assets | $17.3M |
| Operating Margin | 71.5% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 1305.9 months |
Financial Health Grade: A
In 2023, Nysernet Net Inc reported a surplus of $402K with revenue exceeding expenses, holds 1305.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nysernet Net Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.7% | -2.0% | +14.4% |
| 2022 | -70.3% | +1.0% | -16.3% |
| 2021 | +40.3% | +9.6% | +12.8% |
| 2020 | +44.7% | +3.4% | +15.5% |
| 2019 | +8.7% | +9.3% | +21.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nysernet Net Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 60%
- programs: 30%
- fundraising: 10%
According to IRS 990 filings, Nysernet Net Inc allocates its expenses as follows: admin: 60%, programs: 30%, fundraising: 10%. Only 30% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $402K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Nysernet Net Inc. reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not disclosed as officer compensation, which is unusual for an organization of its asset size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Nysernet Net Inc's IRS 990 filings:
- Extremely low expense ratio relative to revenue, raising questions about direct program spending efficiency (e.g., 2023 expenses were only 28.5% of revenue).
- No reported officer compensation despite significant assets and revenue, which is atypical for an organization of this scale.
- Consistent accumulation of assets without a clear corresponding increase in program expenses, potentially indicating underutilization of funds for immediate mission impact.
Strengths
The following positive indicators were identified for Nysernet Net Inc:
- Strong financial stability with assets significantly exceeding liabilities (e.g., $17,485,680 assets vs. $136,089 liabilities in 2023).
- Consistent revenue generation over multiple years.
- Zero reported officer compensation, indicating a potentially highly volunteer-driven or cost-efficient leadership structure.
Frequently Asked Questions about Nysernet Net Inc
Is Nysernet Net Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nysernet Net Inc (EIN: 161491252) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Nysernet Net Inc spend its money?
Nysernet Net Inc directs 30% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nysernet Net Inc tax-deductible?
Nysernet Net Inc is registered as a tax-exempt nonprofit (EIN: 161491252). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nysernet Net Inc's spending goes to programs?
Nysernet Net Inc directs 30% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Nysernet Net Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Nysernet Net Inc is above average for NTEE category B110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nysernet Net Inc located?
Nysernet Net Inc is headquartered in Syracuse, New York and files with the IRS under EIN 161491252. It is classified under NTEE code B110.
How many years of IRS 990 filings does Nysernet Net Inc have?
Nysernet Net Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $27.6M in total revenue.
How does Nysernet Net Inc. utilize its substantial accumulated assets and revenue to fulfill its mission, given its consistently low reported expenses?
The filings show Nysernet Net Inc. consistently generates significant revenue (e.g., $563,153 in 2023) while incurring very low expenses (e.g., $160,682 in 2023), leading to substantial asset growth ($17,485,680 in 2023). The specific deployment of these assets into program activities is not detailed in the provided summary, suggesting a need for further investigation into its operational model.
What is the nature of Nysernet Net Inc.'s program activities, given its NTEE code B110 (Research Institutes and/or Public Policy Analysis) and low expense ratio?
With an NTEE code for research and policy analysis, one would expect higher operational expenses related to research, staffing, and dissemination. The consistently low expenses relative to revenue (e.g., expenses were only 28.5% of revenue in 2023) suggest that its program delivery might be highly outsourced, volunteer-driven, or primarily involves grant-making or asset management rather than direct operational programs.
Why is there no reported officer compensation for Nysernet Net Inc. despite its significant revenue and assets?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization managing assets of $17.4 million. This could indicate a fully volunteer board and executive team, or that compensation is structured in a way that is not categorized as 'officer compensation' on the 990 form, warranting further scrutiny for transparency.
Filing History
IRS 990 filing history for Nysernet Net Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nysernet Net Inc's revenue has grown by 42.7%, moving from $395K to $563K. Total assets increased by 145% over the same period, from $7.1M to $17.5M. Total functional expenses rose by 124.7%, from $72K to $161K. In its most recent filing year (2023), Nysernet Net Inc reported a surplus of $402K, with revenue exceeding expenses. The organization holds $136K in liabilities against $17.5M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $17.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $563K | $161K | $17.5M | $136K | — | — |
| 2022 | $500K | $164K | $15.3M | $108K | — | View 990 |
| 2021 | $1.7M | $162K | $18.3M | $80K | — | View 990 |
| 2020 | $1.2M | $148K | $16.2M | $52K | — | View 990 |
| 2019 | $829K | $143K | $14.0M | $29K | — | View 990 |
| 2018 | $763K | $131K | $11.6M | $0 | — | View 990 |
| 2017 | $852K | $116K | $12.1M | $0 | — | View 990 |
| 2016 | $203K | $106K | $10.4M | $1K | — | View 990 |
| 2015 | $354K | $104K | $9.8M | $230 | — | View 990 |
| 2014 | $1.2M | $102K | $10.2M | $0 | — | View 990 |
| 2013 | $812K | $90K | $9.6M | $42K | — | View 990 |
| 2012 | $365K | $85K | $8.1M | $16K | — | View 990 |
| 2011 | $395K | $72K | $7.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $563K, expenses of $161K, and assets of $17.5M (revenue +12.7% year-over-year).
- 2022: Revenue of $500K, expenses of $164K, and assets of $15.3M (revenue -70.3% year-over-year).
- 2021: Revenue of $1.7M, expenses of $162K, and assets of $18.3M (revenue +40.3% year-over-year).
- 2020: Revenue of $1.2M, expenses of $148K, and assets of $16.2M (revenue +44.7% year-over-year).
- 2019: Revenue of $829K, expenses of $143K, and assets of $14.0M (revenue +8.7% year-over-year).
- 2018: Revenue of $763K, expenses of $131K, and assets of $11.6M (revenue -10.4% year-over-year).
- 2017: Revenue of $852K, expenses of $116K, and assets of $12.1M (revenue +320.0% year-over-year).
- 2016: Revenue of $203K, expenses of $106K, and assets of $10.4M (revenue -42.8% year-over-year).
- 2015: Revenue of $354K, expenses of $104K, and assets of $9.8M (revenue -70.8% year-over-year).
- 2014: Revenue of $1.2M, expenses of $102K, and assets of $10.2M (revenue +49.3% year-over-year).
- 2013: Revenue of $812K, expenses of $90K, and assets of $9.6M (revenue +122.7% year-over-year).
- 2012: Revenue of $365K, expenses of $85K, and assets of $8.1M (revenue -7.6% year-over-year).
- 2011: Revenue of $395K, expenses of $72K, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nysernet Net Inc:
Data Sources and Methodology
This transparency report for Nysernet Net Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.