The Arc Davidson County Inc
- Assets
- $4.1m
- Revenue
- $3.0m
- Investments
- $2.0m
- Employees
- 73
- Location
- Lexington, NC
- Founding
- 04/1982
- Data as of
- 06/2024
- EIN
- 56-1252153
Organization Overview
The Arc Davidson County Inc is located in Lexington, NC. The organization was established in 1982. 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 06/2024, Arc Davidson County Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arc Davidson County 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 06/2024, Arc Davidson County Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.3m during the year ending 06/2024. While expenses have increased by 10.1% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR DEVELOPMENTALLY DISABLED ADULTS. ALSO TO DEVELOP AND PROVIDE EDUCATIONAL AND RECREATIONAL PROGRAMS TO CHILDREN AND ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING, EDUCATIONAL AND RECREATIONAL PROGRAMS FOR DEVELOPMENTALLY DISABLED ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Brinkle Board Member | Trustee | 1 | $0 |
Summer Curry Board Member | Trustee | 1 | $0 |
Jennifer Brown Board Member | Trustee | 1 | $0 |
Candice Epps Jackson Board Member | Trustee | 1 | $0 |
Maykelin Gonzaleaz Board Member | Trustee | 1 | $0 |
Rush Rollins Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,821 |
| Government grants | $2,607,124 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,635,592 |
| Total Program Service Revenue | $288,296 |
| Investment income | $61,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,680 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,997,718 |
| 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. | $73,616 |
| Compensation of current officers, directors, key employees. | $73,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,472,344 |
| Pension plan accruals and contributions | $16,000 |
| Other employee benefits | $92,207 |
| Payroll taxes | $126,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,273 |
| Travel | $25,521 |
| 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 | $53,929 |
| Insurance | $37,046 |
| All other expenses | $87,934 |
| Total functional expenses | $2,306,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,201,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $278,074 |
| 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 | $46,382 |
| Net Land, buildings, and equipment | $647,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,960,283 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,133,406 |
| Accounts payable and accrued expenses | $64,636 |
| 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 | $93,156 |
| Total liabilities | $157,792 |
| Net assets without donor restrictions | $3,970,614 |
| Net assets with donor restrictions | $5,000 |
| 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 | $4,133,406 |