Arkay Inc
- Assets
- $11.3m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 129
- Location
- Southgate, MI
- Founding
- 09/1985
- Data as of
- 09/2023
- EIN
- 38-2577464
Organization Overview
Arkay Inc is located in Southgate, MI. The organization was established in 1985. 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 09/2023, Arkay Inc employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkay 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 09/2023, Arkay Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.3m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VOCATIONAL SERVICES FOR DEVELOPMENTALLY DISABLED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TRAINING AND SERVICES FOR DEVELOPMENTALLY DISABLED ADULTS INCLUDING TRAINING IN LIVING SKILLS, PERSONAL DEVELOPMENT, FUNCTIONAL ACADEMICS AND COMMUNITY AWARENESS WITH EMPHASIS ON PREPARATION FOR INDEPENDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Witchelhouse Secretary | OfficerTrustee | 0.3 | $0 |
Stephanie Nankervis Director | Trustee | 0.3 | $0 |
Gerald Morello Treasurer | OfficerTrustee | 0.3 | $0 |
Stacy A Latta Director | Trustee | 0.3 | $0 |
Erica Bate Director | Trustee | 0.3 | $0 |
Eugenia Thompson Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,305,872 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,370,534 |
| Total Program Service Revenue | $48,720 |
| Investment income | $221,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,970 |
| Net Gain/Loss on Asset Sales | $11,445 |
| Net Income from Fundraising Events | $3,702 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,663,955 |
| 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. | $197,332 |
| Compensation of current officers, directors, key employees. | $138,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,266,214 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $177,559 |
| Payroll taxes | $182,723 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,800 |
| Advertising and promotion | $0 |
| Office expenses | $17,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,958 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,545 |
| Insurance | $31,336 |
| All other expenses | $0 |
| Total functional expenses | $3,250,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $405,894 |
| Savings and temporary cash investments | $9,527,592 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $358,200 |
| 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 | $19,675 |
| Net Land, buildings, and equipment | $974,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,630 |
| Total assets | $11,301,555 |
| Accounts payable and accrued expenses | $116,653 |
| 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 | $15,630 |
| Total liabilities | $132,283 |
| Net assets without donor restrictions | $11,134,272 |
| Net assets with donor restrictions | $35,000 |
| 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 | $11,301,555 |