2024-11-01T13:35:10-05:00 2023-12-31 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 990 2023-01-01 261234571 THE CENTER FOR DISCOVERY ENDOWMENT FUND INC % MATTHEW BRESCIA CENT 8457941400 PO BOX 840 BENMOSCHE ROAD HARRIS NY 12742 MATTHEW BRESCIA CFO 8457941400 2024-11-01 true true Paul Hammerschmidt P01384178 2128858000 2024-07-29 2023 2024-10-15 13:58:12Z DR THERESA HAMLIN PO BOX 840 BENMOSCHE ROAD HARRIS NY 12742 7873871 false X N/A X 2007 NY THE CENTER FOR DISCOVERY ENDOWMENT FUND, WAS FORMED EXCLUSIVELY TO (I) PROVIDE SUPPORT AND ASSISTANCE THROUGH AID TO THE CENTER FOR DISCOVERY, INC., (CONTINUED ON SCHEDULE O) 5 5 0 8 0 0 2008835 611694 0 0 493084 943170 0 0 2501919 1554864 0 0 0 0 0 0 0 0 0 1155011 919986 1155011 919986 1346908 634878 41924399 45716428 12460036 13165531 29464363 32550897 X THE CENTER FOR DISCOVERY ENDOWMENT FUND, INC. WAS FORMED EXCLUSIVELY TO (I) PROVIDE SUPPORT AND ASSISTANCE THROUGH FINANCIAL AID TO THE CENTER FOR DISCOVERY, INC., A NEW YORK STATE NOT-FOR-PROFIT CORPORATION, (II) TO PROMOTE KNOWLEDGE AND AWARENESS OF PROGRAMS AND SERVICES PROVIDED BY THE CENTER FOR DISCOVERY, INC. AND (III) TO ENTER INTO CONTRACTS AND AGREEMENTS AND DO ANY ACTS OR THINGS INCIDENTAL TO OR IN CONNECTION WITH THE ADVANCEMENT THEREOF. false false 0 0 0 TO PROVIDE SUPPORT AND ASSISTANCE THROUGH FINANCIAL AID TO THE CENTER AND TO PROMOTE KNOWLEDGE AND AWARENESS OF PROGRAMS AND SERVICES PROVIDED BY THE CENTER. 0 true true false false false false false false false true true false false true true true false true false false false false false false false false false false false false false false false false false false false false true false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 5 5 false true false false true true false true true false false true true true true true true false false false NY X MATTHEW BRESCIA 8457941400 PO BOX 840 BENMOSCHE ROAD HARRIS NY 12742 X X EDWARD C SWEENEY CHAIRPERSON 0.17 25.7 X X 0 0 0 EDWARD GIANCONTIERI VICE CHAIR (THRU 12/5/23) 0.23 1.92 X X 0 0 0 NELLY BLY-AROUGHETI VICE CHAIR (THRU 12/5/23) 0.23 3.92 X X 0 0 0 EILEEN M NAUGHTON TREASURER 0.17 5.7 X X 0 0 0 WILLIAM MYSLINSKI PHD TREASURER (THRU 6/28/23) 0.23 1.38 X X 0 0 0 MICHAEL J DUBILIER SECRETARY 0.17 4.8 X X 0 0 0 ELLEN ALEMANY DIRECTOR 0.13 3.54 X 0 0 0 KIM RAISLER DIRECTOR 0.15 2.22 X 0 0 0 0 0 0 0 false false false 0 611694 118741 611694 0 578114 578114 0 0 0 0 0 6684063 6319007 365056 365056 365056 0 0 0 0 0 0 0 0 0 0 1554864 0 943170 0 0 0 0 0 0 0 0 0 0 0 0 102300 102300 0 0 153036 153036 0 0 0 0 0 0 0 0 0 565914 565914 0 0 0 MISCELLANEOUS EXPENSES 98736 98736 919986 0 919986 0 0 0 0 0 7452701 5529254 0 0 0 0 0 0 0 0 0 0 0 0 168000 168000 168000 21986237 26576310 0 146589 0 0 0 0 12317461 13296275 41924399 45716428 0 0 0 0 0 0 0 0 0 0 0 0 6995807 9011721 0 0 5464229 4153810 12460036 13165531 X 26620707 29977309 2843656 2573588 29464363 32550897 41924399 45716428 X 634878 2801656 -350000 X false true X true false X X 1 THE CENTER FOR DISCOVERY INC 141395426 10 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21249664 1570442 3722227 233181 26309152 23404549 1592839 -3688801 58923 21249664 18044852 3320444 2449051 409799 23404548 15552506 561200 2056774 125628 18044852 12344249 6326 1367262 289712 13428125 1.00000 false false 168000 168000 168000 DUE FROM AFFILIATES 13296275 13296275 0 DUE TO AFFILIATES 4153810 4153810 X 4203484 2801656 2801656 1401828 153036 153036 1554864 1116950 350000 350000 766950 153036 153036 919986 PART V, LINE 1A, COLUMN (D): Beginning of year endowment fund balance at January 1, 2020 was restated to correct an understatement of endowment fund balance at December 31, 2019 reported on 2019 Form 990. PART V, LINE 4: TO PROVIDE A STREAM OF RETURNS THAT WOULD BE UTILIZED TO FUND VARIOUS BRANCHES WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: The Center for Discovery Endowment Fund, Inc. qualifies as a tax-exempt, not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code and qualifies as a not-for-profit organization under the laws of New York State. Accordingly, no provision for federal or state income taxes is required. The organization has been determined by the Internal Revenue Service (IRS) not to be a "private foundation" within the meaning of Section 509(a) of the Internal Revenue Code. Under GAAP, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will be sustained upon examination by a taxing authority. The organization does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the organization has filed IRS Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. The organization is subject to a routine audit by a taxing authority. PART XII, LINE 2D: BAD DEBT FROM AN UNCOLLECTIBLE PLEDGE................$350,000 X 2 118741 market quotation false true false PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. CONTINUED FORM 990, PART I, LINE I: A NEW YORK STATE NOT-FOR-PROFIT CORPORATION, (II) TO PROMOTE KNOWLEDGE AND AWARENESS OF PROGRAMS AND SERVICES PROVIDED BY THE CENTER FOR DISCOVERY, INC. AND (III) TO ENTER INTO CONTRACTS AND AGREEMENTS AND DO ANY ACTS OR THINGS INCIDENTAL TO OR IN CONNECTION WITH THE ADVANCEMENT THEREOF. FORM 990, PART VI, SECTION A, LINE 3: THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES TO THE CENTER FOR DISCOVERY, INC. FORM 990, PART VI,SECTION A, LINE 6: THE SOLE CORPORATE MEMBER IS THE CENTER FOR DISCOVERY, INC., WHO HAS THE POWER TO APPOINT DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A: THE SOLE CORPORATE MEMBER IS THE CENTER FOR DISCOVERY, INC., WHO HAS THE POWER TO APPOINT DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B: 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. FORM 990, PART VI, SECTION B, LINE 12C: ALL DIRECTORS OF THE CENTER FOR DISCOVERY ENDOWMENT FUND, INC. ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, COLUMN (B): THERE ARE 78 HOURS OF DOCUMENTED BOARD MEETINGS DURING 2023. IN ADDITION TO THIS, THERE ARE A NUMBER OF INFORMAL HOURS MEMBERS PARTICIPATE IN BOARD OVERSIGHT AND GOVERNANCE. FORM 990, PART XI, LINE 9: BAD DEBT FROM AN UNCOLLECTIBLE PLEDGE................$(350,000) THE CENTER FOR DISCOVERY INC PO BOX 840 BENMOSCHE Road HARRIS NY 12742 141395426 SEE PART VII NY 501(C)(3) LINE 10 NA false SDTC FOUNDATION INC PO BOX 840 BENMOSCHE Road HARRIS NY 12742 141782615 SEE PART VII NY 501(C)(3) LINE 12A NA false SULLIVAN CP RESIDENCE CORP PO BOX 840 BENMOSCHE Road HARRIS NY 12742 222370358 SEE PART VII NY 501(C)(3) LINE 10 NA false DEVELOPMENTAL RESIDENTIAL SERVICES INC P0 BOX 840 BENMOSCHE ROAD HARRIS NY 12742 222530327 SEE PART VII NY 501(C)(3) LINE 10 NA false CENTER FOR DISCOVERY MAGNET SRVS CORP P0 BOX 840 BENMOSCHE ROAD HARRIS NY 12742 030474526 SEE PART VII NY 501(C)(3) LINE 12A NA false false false false true true false false false false false false false false false false false true false false PART II, COLUMN (B): PRIMARY ACTIVITY OF RELATED TAX-EXEMPT ORGANIZATIONS: 1) THE CENTER FOR DISCOVERY, INC.: TO PROVIDE EDUCATIONAL TRAINING, HOUSING ACCOMMODATIONS AND SPECIALLY DESIGNED FACILITIES, EQUIPPED AND OPERATED TO MEET THE PHYSICAL, MENTAL, INTELLECTUAL, EMOTIONAL AND SOCIAL NEEDS OF DEVELOPMENTALLY DISABLED CHILDREN AND ADULTS. 2) SDTC FOUNDATION, INC: TO ASSIST THE CENTER FOR DISCOVERY IN ITS ENDEAVORS TO PROVIDE SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS. 3) SULLIVAN C.P. RESIDENCE CORPORATION: TO PROVIDE HOUSING ACCOMMODATIONS AND SPECIFICALLY DESIGNED FACILITIES, EQUIPPED AND OPERATED TO MEET THE PHYSICAL, MENTAL, INTELLECTUAL, EMOTIONAL AND SOCIAL NEEDS OF DEVELOPMENTALLY DISABLED ADULTS. 4) DEVELOPMENTAL RESIDENTIAL SERVICES, INC: TO PROVIDE 24-HOUR FIRE PROTECTION AND EMERGENCY POWER TO FACILITIES OWNED AND OPERATED BY THE CENTER FOR DISCOVERY FOR DEVELOPMENTALLY DISABLED CHILDREN AND ADULTS. 5) CENTER FOR DISCOVERY MAGNET SERVICES CORPORATION: TO ASSIST FAMILIES OF CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES, RESIDING OUTSIDE OF NEW YORK STATE, IN SECURING ACCESS TO THE RESIDENTIAL, DAY, AND EDUCATIONAL SERVICES PROVIDED BY THE CENTER FOR DISCOVERY, AND TO ENTER INTO CONTRACTS AND AGREEMENTS FOR THESE SERVICES.