Insight Memory Care Center
- Assets
- $4.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 59
- Location
- Fairfax, VA
- Founding
- 11/1984
- Data as of
- 06/2023
- EIN
- 52-1361974
Organization Overview
Insight Memory Care Center is located in Fairfax, VA. The organization was established in 1984. According to its NTEE Classification (G83) the organization is classified as: Alzheimers Disease, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2023, Insight Memory Care Center employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insight Memory Care Center 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 06/2023, Insight Memory Care Center generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.4m during the year ending 06/2023. While expenses have increased by 6.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
INSIGHT MEMORY CARE CENTER (IMCC) IS A NONPROFIT ADULT DAY HEALTH AND RESOURCE CENTER PROVIDING SPECIALIZED CARE, SUPPORT, AND EDUCATION FOR INDIVIDUALS WITH ALZHEIMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADULT DAY HEALTH CENTER PROVIDES A SAFE, ENGAGING, AND THERAPEUTIC ENVIRONMENT FOR INDIVIDUALS WITH MEMORY IMPAIRMENT, SERVING 100 TO 150 INDIVIDUALS EACH YEAR. EARLY STAGE PROGRAMS PROVIDE INNOVATIVE INTERVENTIONS FOR PEOPLE RECENTLY DIAGNOSED WITH DEMENTIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Irvin Executive Dir. | Officer | 40 | $151,367 |
Jessica Peters Assistant Director | 40 | $138,577 | |
Arvette Reid President | OfficerTrustee | 1 | $0 |
Tiffani C Moore Vice President | OfficerTrustee | 1 | $0 |
Mark Epstein Secretary | OfficerTrustee | 1 | $0 |
Ken Connelly Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $439,517 |
| All other contributions, gifts, grants, and similar amounts not included above | $485,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $924,719 |
| Total Program Service Revenue | $2,256,012 |
| Investment income | $54,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $222,467 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,458,192 |
| 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. | $176,173 |
| Compensation of current officers, directors, key employees. | $35,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,862,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $163,968 |
| Payroll taxes | $156,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,743 |
| Advertising and promotion | $0 |
| Office expenses | $37,995 |
| Information technology | $135,331 |
| Royalties | $0 |
| Occupancy | $510,320 |
| Travel | $12,647 |
| 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 | $77,648 |
| Insurance | $27,279 |
| All other expenses | $44,384 |
| Total functional expenses | $3,428,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,223,751 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,268 |
| 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 | $49,984 |
| Net Land, buildings, and equipment | $176,373 |
| Investments—publicly traded securities | $1,623,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,361,832 |
| Total assets | $4,474,864 |
| Accounts payable and accrued expenses | $662,546 |
| 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 | $976,897 |
| Total liabilities | $1,639,443 |
| Net assets without donor restrictions | $2,741,251 |
| Net assets with donor restrictions | $94,170 |
| 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 | $4,474,864 |