Nonprofit · EIN 16-1594402
NIAGARA TOBACCO ASSET SECURITIZATION CORP
Also known as FOR FILING FORM 990T
Tax-exempt · LOCKPORT, NY 14094
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,422,071 | $3,158,729 | -$736,658 | $6,203,879 | $58,440,868 | -$52,236,989 |
| December 31, 2024 | 990 | $2,758,695 | $3,083,347 | -$324,652 | $6,750,186 | $58,604,406 | -$51,854,220 |
| December 31, 2023 | 990 | $3,725,366 | $3,215,409 | $509,957 | $7,192,263 | $59,088,256 | -$51,895,993 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,162,810
- Investment income
- $259,261
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,410
- Program services (functional)
- $3,143,902
- Management and general (functional)
- $14,827
Balance sheet and other
- Total assets, start of year
- $6,750,186
- Total assets, end of year
- $6,203,879
- Total liabilities, end of year
- $58,440,868
- Net assets, end of year
- -$52,236,989
- Net assets without donor restrictions
- -$58,279,130
- Net assets with donor restrictions
- $6,042,141
- Gross receipts
- $2,422,071
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2000
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kyle R Andrews | Member Trustee or director | 0 | $0 |
| Rebecca Wydysh | President Trustee or director, Officer | 0 | $0 |
| Karen S Castle | Sec/Treasurer Trustee or director, Officer | 1 | $0 |
| Claude Joerg | Member Trustee or director | 0 | $0 |
| Richard Updegrove | Member Trustee or director | 0 | $0 |
| Anthony Pagliei | Ind. Member Trustee or director | 0 | $0 |
| William Collins | Vice President Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kyle R Andrews | Member Trustee or director | 0 | $0 |
| Rebecca Wydysh | President Trustee or director, Officer | 0 | $0 |
| Karen S Castle | Sec/Treasurer Trustee or director, Officer | 1 | $0 |
| Claude Joerg | Member Trustee or director | 0 | $0 |
| Richard Updegrove | Member Trustee or director | 0 | $0 |
| Anthony Pagliei | Ind. Member Trustee or director | 0 | $0 |
| William Collins | Vice President Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kyle R Andrews | Member Trustee or director | 0 | $0 |
| Rebecca Wydysh | President Trustee or director, Officer | 0 | $0 |
| Karen S Castle | Sec/Treasurer Trustee or director, Officer | 1 | $0 |
| Claude Joerg | Member Trustee or director | 0 | $0 |
| Richard Updegrove | Member Trustee or director | 0 | $0 |
| Anthony Pagliei | Ind. Member Trustee or director | 0 | $0 |
| William Collins | Vice President Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 175 HAWLEY ST, LOCKPORT, NY 14094-2740
- Principal officer (990 for 2025)
- Karen S Castle, 175 Hawley Street, Lockport, NY 14094
- Signed the 990
- Karen S Castle, Secretary/Treasurer
- Phone
- (716) 438-9438
- Website
- www.niagaracounty.com
- Return prepared by
- Kristin Rumbold CPA PC
Mission
Issuance of asset-backed bonds to purchase rights, title, and interest from county of Niagara, NY under the master settlement agreement. Collection of initial and annual payments to be made by the original participating manufacturers.
Program accomplishments
- Issuance of asset-backed bonds to purchase rights, title, and interest from county of Niagara, NY under the master settlement agreement. Collection of intitial and annual payments to be made by the original participating manufacturers.Expenses $3,143,902 · revenue $2,422,071
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1594402
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W20)
- Assets (IRS master file)
- $6,203,879
- Income (IRS master file)
- $2,422,071
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,422,071 | $3,158,729 | $6,203,879 | XML |
| 990 | December 2024 | $2,758,695 | $3,083,347 | $6,750,186 | XML |
| 990 | December 2023 | $3,725,366 | $3,215,409 | $7,192,263 | XML |
| 990 | December 2022 | $4,262,501 | $3,226,557 | $7,163,718 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1594402).
Questions about NIAGARA TOBACCO ASSET SECURITIZATION CORP
- What is the EIN of NIAGARA TOBACCO ASSET SECURITIZATION CORP?
- The employer identification number (EIN) of NIAGARA TOBACCO ASSET SECURITIZATION CORP is 16-1594402.
- Is NIAGARA TOBACCO ASSET SECURITIZATION CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to NIAGARA TOBACCO ASSET SECURITIZATION CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does NIAGARA TOBACCO ASSET SECURITIZATION CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NIAGARA TOBACCO ASSET SECURITIZATION CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NIAGARA TOBACCO ASSET SECURITIZATION CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NIAGARA TOBACCO ASSET SECURITIZATION CORP?
- The 990 for the year ended December 31, 2025 names Karen S Castle.
- Who are the officers and directors of NIAGARA TOBACCO ASSET SECURITIZATION CORP?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does NIAGARA TOBACCO ASSET SECURITIZATION CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,422,071, expenses of $3,158,729 and total assets of $6,203,879 at year end.
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All nonprofits in LOCKPORT · New York · Public and societal benefit