Frank Olean Center Inc
- Assets
- $1.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 98
- Location
- Westerly, RI
- Founding
- 03/1966
- Data as of
- 12/2021
- EIN
- 05-0311198
Organization Overview
Frank Olean Center Inc is located in Westerly, RI. The organization was established in 1966. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Frank Olean Center Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank Olean Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Frank Olean Center Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES AND SUPPORT TO PEOPLE WITH DEVELOPMENTAL DISABILITIES IN ORDER TO ACHIEVE THEIR DESIRED LEVEL OF INTEGRATION, INDEPENDENCE & PRODUCTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT COMMUNITY SUPPORTS-PROVIDED SERVICES TO APPROXIMATELY 57 PARTICIPANTS WITH DEVELOPMENTAL DISABILITIES.
ADULT SHARED LIVING ARRANGEMENTS-PROVIDED SHARED LIVING ARRANGEMENT SERVICES AND COMMUNITY SUPPORTS TO APPROXIMATELY 2 PARTICIPANTS.
CHILDREN SERVICES-PROVIDED SERVICES TO APPROXIMATELY 54 CHILD PARTICIPANTS WITH DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bethany Lyons President | OfficerTrustee | 2 | $0 |
David Kmetz Treasurer | OfficerTrustee | 2 | $0 |
Joanna Valentini Vice Preside | OfficerTrustee | 2 | $0 |
Evie Martin Board Member | Trustee | 2 | $0 |
William Nardone Board Member | Trustee | 2 | $0 |
John Nicolosi Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,840,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $322,907 |
| Noncash contributions included in lines 1a–1f | $114,106 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,163,650 |
| Total Program Service Revenue | $0 |
| Investment income | $965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,544 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,271,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,385,678 |
| Pension plan accruals and contributions | $14,878 |
| Other employee benefits | $252,495 |
| Payroll taxes | $111,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,200 |
| Fees for services: Accounting | $20,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,927 |
| Advertising and promotion | $14,932 |
| Office expenses | $13,556 |
| Information technology | $15,980 |
| Royalties | $0 |
| Occupancy | $27,317 |
| Travel | $11,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,571 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,557 |
| Insurance | $31,596 |
| All other expenses | $32,276 |
| Total functional expenses | $2,226,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,282,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,593 |
| Net Land, buildings, and equipment | $10,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $1,427,666 |
| Accounts payable and accrued expenses | $81,706 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,352 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $972,633 |
| Total liabilities | $1,066,691 |
| Net assets without donor restrictions | -$226,567 |
| Net assets with donor restrictions | $587,542 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,427,666 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Frank Olean Center Inc has recieved totaling $93,746.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: SENSORY GARDEN; PANDEMIC MITIGATIONS FOR SERVICES TO INTELLECTUALLY AND DEVELOPMENTALLY DISABLED CLIENTS; REPAIR VEHICLES | $42,000 |
Olean Foundation Westerly, RI PURPOSE: CONSUMER NEEDS, ACTIVITIES, PROGRAMS | $35,840 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $5,406 |
Dime Bank Foundation Inc Norwich, CT PURPOSE: EXEMPT PURPOSE | $5,000 |
Washington Trust Charitable Foundation Westerly, RI PURPOSE: OPERATIONS | $5,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Shore Support Services Inc Weymouth, MA | $2,878,959 | $17,706,112 |
Communitas Inc Wakefield, MA | $10,107,493 | $17,984,942 |
The Arc Of Opportunity In North Central Massachusetts Inc Fitchburg, MA | $18,467,193 | $18,583,549 |
Community Connections Inc South Yarmouth, MA | $11,598,404 | $18,444,475 |
New England Villages Inc Pembroke, MA | $44,008,245 | $13,385,395 |
Seven Hills Foundation Inc Worcester, MA | $186,253,865 | $23,046,557 |
The Arc Of The Farmington Valley Inc Canton, CT | $16,927,391 | $16,549,270 |
The Arc Of Bristol County Inc Attleboro, MA | $11,407,208 | $18,035,787 |
Star Inc Lighting The Way Norwalk, CT | $10,163,744 | $16,694,684 |
Walnut Street Center Inc Medford, MA | $3,885,616 | $16,629,090 |
The Minute Man Arc For Human Services Inc Concord, MA | $12,561,160 | $14,153,395 |
The Arc Of The South Shore Inc Hingham, MA | $10,392,289 | $14,256,760 |