Tri-County Arc Inc
- Assets
- $0.0
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 224
- Location
- Vernon, CT
- Founding
- Data as of
- 06/2018
- EIN
- 22-2542391
Organization Overview
Tri-County Arc Inc is located in Vernon, CT. As of 06/2018, Tri-County Arc Inc employed 224 individuals. Tri-County Arc 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 06/2018, Tri-County Arc Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (34.3%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (38.7%) per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TRI-COUNTY ARC'S MISSION IS TO ENHANCE THE LIVES OF PEOPLE WITH DISABILITIES BY PROVIDING INDIVIDUALIZED SUPPORT THAT PROMOTES SELF-RELIANCE AT HOME, AT WORK AND IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROUP HOMES AND SUPPORTED LIVING ARRANGEMENTS FOR THE DEVELOPMENTALLY DISABLED-CURRENTLY 82 CLIENTS ARE BEING SERVED
DAY PROGRAMS PROVIDE VOCATIONAL AND SOCIAL TRAINING SKILLS FOR APPROXIMATELY 24 DEVELOPMENTALLY DISABLED PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Moriarity President | OfficerTrustee | 2 | $0 |
Lee Williams Secretary | OfficerTrustee | 2 | $0 |
Richard W Allen III Vice President | OfficerTrustee | 2 | $0 |
Steven Harrington Treasurer | OfficerTrustee | 2 | $0 |
Timothea M Stathers CPA Director | Trustee | 2 | $0 |
Sheila Cordock Executive Director | Officer | 45 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,271,801 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,275 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,274,076 |
| Total Program Service Revenue | $619,346 |
| Investment income | $146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $423,253 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,316,821 |
| 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 | $880,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $378,147 |
| Payroll taxes | $0 |
| Fees for services: Management | $91,000 |
| Fees for services: Legal | $17,062 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,442 |
| Advertising and promotion | $0 |
| Office expenses | $412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,913 |
| Travel | $63,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,647 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,761 |
| Insurance | $11,135 |
| All other expenses | $43,305 |
| Total functional expenses | $1,892,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |