Soar 365
- Assets
- $23.6m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 373
- Location
- Richmond, VA
- Founding
- 11/1954
- Data as of
- 12/2021
- EIN
- 54-0629691
Organization Overview
Soar 365, operating under the name The Greater Richmond Arc, is located in Richmond, VA. The organization was established in 1954. 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, Greater Richmond Arc employed 373 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Richmond Arc 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, Greater Richmond Arc generated $17.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $16.3m during the year ending 12/2021. While expenses have increased by 1.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IN PARTNERSHIP WITH FAMILIES, SOAR365 CREATES LIFE-FULFILLING OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS SOLUTIONS: PROVIDES WORK OPPORTUNITIES IN A VARIETY OF SETTINGS FOR INDIVIDUALS WITH DISABILITIES. SERVICES INCLUDE EMPLOYMENT OF INDIVIDUALS WITH DISABILITIES, INCLUDING TRAINING AND PREPARATION FOR EMPLOYMENT IN COMMUNITY SETTINGS. THERE WERE 128 INDIVIDUALS SERVED IN THIS PROGRAM IN 2021.
DAY SUPPORT SERVICES: PROVIDES A STRUCTURED WEEKDAY PROGRAM, INCLUDING PERSON-CENTERED PLANNING, FOR ADULTS AND SCHOOL-AGED CHILDREN WITH DISABILITIES. PROGRAMS INCORPORATE SOCIALIZATION, A SAFE ENVIRONMENT, EXPERIENCE IN THE COMMUNITY, BUILDING INDEPENDENCE, LEARNING, VOLUNTEERING IN THE COMMUNITY AND WORK READINESS. THERE WERE 110 INDIVIDUALS SERVED IN THIS PROGRAM IN 2021.
PEDIATRIC THERAPY: PROVIDES OCCUPATIONAL, PHYSICAL, AND SPEECH THERAPIES, AS WELL AS DEVELOPMENTAL SERVICES, FOR CHILDREN FROM BIRTH THROUGH SCHOOL AGE. THERE WERE 737 CHILDREN SERVED IN THIS PROGRAM IN 2021.
SUMMER CAMP & RESPITE SERVICES: PROVIDES A SUMMER DAY AND OVERNIGHT CAMP OPPORTUNITY, AS WELL AS WEEKEND, EXTENDED AND EMERGENCY RESPITE CARE FOR INDIVIDUALS WITH DISABILITIES. THERE WERE 57 INDIVIDUALS SERVED IN THIS PROGRAM IN 2021.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John B Walker President & CEO | Officer | 40 | $260,377 |
Julee W Fletcher Senior VP & CFO | Officer | 40 | $173,997 |
James R Quigg VP Of Business Solutions | Officer | 40 | $154,105 |
William M Slate Jr Asst. VP Of It | 40 | $152,349 | |
Charles D Story III VP Of Hr & Chief Compliance Officer | Officer | 40 | $142,589 |
Diana Miller Vice President Of Marketing & Communications | Officer | 40 | $127,970 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hourigan Construction Construction Services | 12/30/20 | $165,989 |
Wilton Nortgate Company Llc Rental | 12/30/20 | $161,261 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,965 |
| Related organizations | $0 |
| Government grants | $2,798,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,261,679 |
| Noncash contributions included in lines 1a–1f | $73,773 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,140,011 |
| Total Program Service Revenue | $13,394,403 |
| Investment income | $7,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,805 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,592 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,622,374 |
| 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. | $1,050,477 |
| Compensation of current officers, directors, key employees. | $795,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,756,482 |
| Pension plan accruals and contributions | $271,049 |
| Other employee benefits | $1,250,122 |
| Payroll taxes | $747,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,113 |
| Fees for services: Accounting | $59,662 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $782,688 |
| Advertising and promotion | $92,591 |
| Office expenses | $358,296 |
| Information technology | $440,589 |
| Royalties | $0 |
| Occupancy | $563,732 |
| Travel | $161,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,366 |
| Interest | $166,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,041,756 |
| Insurance | $361,309 |
| All other expenses | $35,919 |
| Total functional expenses | $16,270,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,565,938 |
| Savings and temporary cash investments | $140,810 |
| Pledges and grants receivable | $19,750 |
| Accounts receivable, net | $2,161,985 |
| 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 | $419,807 |
| Net Land, buildings, and equipment | $15,233,257 |
| Investments—publicly traded securities | $1,039,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,580,904 |
| Accounts payable and accrued expenses | $1,478,534 |
| Grants payable | $0 |
| Deferred revenue | $2,001,875 |
| Tax-exempt bond liabilities | $3,214,285 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,402,097 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $378,508 |
| Total liabilities | $8,475,299 |
| Net assets without donor restrictions | $14,697,273 |
| Net assets with donor restrictions | $408,332 |
| 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 | $23,580,904 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Soar 365 has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Waltie Fund Henrico, VA PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $4,000 |
Endowment Analysis
| Beg. Balance | $129,984 |
| Net Contributions | $380,198 |
| Other Expense | $155,750 |
| Ending Balance | $354,432 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Versability Resources Inc Hampton, VA | $38,988,304 | $55,905,926 |
The Arc Baltimore Inc Baltimore, MD | $34,863,848 | $52,443,624 |
Orange Grove Center Inc Chattanooga, TN | $25,283,096 | $40,700,796 |
Way Station Inc Frederick, MD | $48,827,954 | $38,298,060 |
Emerge Inc Columbia, MD | $32,400,357 | $38,462,137 |
Community Support Services Gaithersburg, MD | $39,474,698 | $37,353,075 |
Arc Of Prince Georges County Inc Largo, MD | $28,484,886 | $35,714,387 |
Shelby Residential And Vocational Services Inc Memphis, TN | $11,136,048 | $28,344,823 |
Arc Of Washington County Inc Hagerstown, MD | $39,737,967 | $35,189,004 |
Arc Of Montgomery County Inc Rockville, MD | $15,718,782 | $30,280,101 |
Compass Inc Beltsville, MD | $25,197,115 | $27,736,040 |
Life Bridges Inc Cleveland, TN | $14,755,928 | $22,280,185 |