Flying Colors Of Success Inc
- Assets
- $4.1m
- Revenue
- $4.4m
- Investments
- $5.0k
- Employees
- 83
- Location
- Westminster, MD
- Founding
- 01/1992
- Data as of
- 06/2022
- EIN
- 52-1725021
Organization Overview
Flying Colors Of Success Inc is located in Westminster, MD. The organization was established in 1992. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Flying Colors Of Success Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flying Colors Of Success 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 06/2022, Flying Colors Of Success Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATES GROUP HOMES FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLYING COLORS OF SUCCESS, INC. OPERATES GROUP HOMES FOR APPROXIMATELY 29 RESIDENTIAL PROGRAM INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. EACH GROUP HOME IS STAFFED 24 HOURS A DAY.FLYING COLORS OF SUCCESS, INC. PROVIDES DAY SERVICES TO APPROXIMATELY 7 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Michael Hardesty President/ceo | Officer | 40 | $178,780 |
Lou Ann King Controller | Officer | 32 | $131,577 |
John Jarkowiec Chairman | OfficerTrustee | 0.5 | $0 |
David L Hogue Treasurer | OfficerTrustee | 0.5 | $0 |
Diana D Armacost Secretary | OfficerTrustee | 0.5 | $0 |
Jim Smith Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,070 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,244 |
| Total Program Service Revenue | $4,324,203 |
| Investment income | $527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,396,445 |
| 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. | $336,733 |
| Compensation of current officers, directors, key employees. | $336,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,308,061 |
| Pension plan accruals and contributions | $15,454 |
| Other employee benefits | $254,217 |
| Payroll taxes | $194,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,635 |
| Advertising and promotion | $700 |
| Office expenses | $38,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $142,702 |
| Travel | $29,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,420 |
| Insurance | $21,172 |
| All other expenses | $6,345 |
| Total functional expenses | $3,595,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,395 |
| Savings and temporary cash investments | $2,455,855 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,810 |
| 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 | $35,821 |
| Net Land, buildings, and equipment | $1,469,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,489 |
| Total assets | $4,055,388 |
| Accounts payable and accrued expenses | $246,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,587 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $54,466 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $102,337 |
| Total liabilities | $415,290 |
| Net assets without donor restrictions | $3,640,098 |
| Net assets with donor restrictions | $0 |
| 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 | $4,055,388 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Flying Colors Of Success Inc has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Multi Services Inc Silver Spring, MD | $5,493,685 | $18,375,750 |
Pathway Homes Inc Fairfax, VA | $26,877,670 | $17,405,193 |
Vesta Inc Lanham, MD | $93,468,141 | $23,840,166 |
Training Toward Self Reliance Inc Parker, PA | $5,355,032 | $14,248,792 |
Bethany Home Inc Womelsdorf, PA | $3,191,458 | $12,737,144 |
Community Council For Mental Health & Mental Retardation Inc Philadelphia, PA | $8,350,811 | $11,642,848 |
Fidelity Resources Incorporated Towson, MD | $5,393,131 | $13,537,052 |
Strawberry Fields Inc State College, PA | $4,241,670 | $9,355,712 |
My Own Place Inc Hyattsville, MD | $11,287,984 | $12,398,898 |
Wayne Memorial Long Term Care Inc Waymart, PA | $8,248,995 | $8,488,655 |
Charterhouse School Inc Richmond, VA | $1,399,029 | $7,716,111 |
Leary Educational Foundation Inc Winchester, VA | $11,458,020 | $7,471,815 |