Sunycap Inc C/o Luke Nadzadi
Nonprofit profile at a glance
- EIN
- 161149423
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Syracuse, NY, USA
- Phone
- 3154704820
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $165,128
- Expenses
- $129,552
- Assets
- $72,456
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- PAUL LOGIUDICE (PRESIDENT)
- BRIAN WALLENHORST (VICE PRESIDENT)
- NICK WOCKASEN (PAST PRESIDENT & PRESIDENT ELECT)
People named in this filing
- PAUL LOGIUDICE (PRESIDENT)
- BRIAN WALLENHORST (VICE PRESIDENT)
- NICK WOCKASEN (PAST PRESIDENT & PRESIDENT ELECT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Education: foster professional growth
What it reported doing in 2024
Operation inform - each year sunycap conducts a series of informational seminars about the suny system for the guidance counselors in New York state. Each year six to nine programs are conducted in varying locations throughout the state. During these seminars information is given about the academic opportunities within the suny system, varying criteria for admission to the different units, as well as on topics of interest to counselors, parents and students who are going through the college exploration process. The colleges and universities who participate in each program are charged a fee. This fee provides the funds for food, speakers, postage, and materials. This is the most significant activity the organization conducts. The monies collected are all expended on operation inform activities.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 82
- Sustainability: 64
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.8%; rating input score 72
- Program expense ratio: 91.5%; rating input score 92
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 21.5%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -0.8% per year; rating input score 0; 27th percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 20th percentile among comparable filings
- Asset growth: -5.2% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 71.8% of revenue deployed · 91.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $119K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.