Larc Inc
- Assets
- $4.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 161
- Location
- Fort Myers, FL
- Founding
- 07/1962
- Data as of
- 09/2022
- EIN
- 59-0968911
Organization Overview
Larc Inc is located in Fort Myers, FL. The organization was established in 1962. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 09/2022, Larc Inc employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larc 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 09/2022, Larc Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $2.8m during the year ending 09/2022. While expenses have increased by 1.6% 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
LARC'S MISSION IS TO EMPOWER AND SUPPORT INDIVIDUALS WITH DISABILITIES AND THEIR FAMILIES TO ACHIEVE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT DAY TRAINING PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.
COMMUNITY SUPPORT SERVICES PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.
RESIDENTIAL GROUP HOMES PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Katz Executive Di | Officer | 40 | $120,339 |
Lorraine Barker Board Member | Trustee | 0.4 | $0 |
Bonnie Bolton Treasurer | OfficerTrustee | 0.4 | $0 |
Brian Bradley Board Member | Trustee | 0.4 | $0 |
Austin Clinton President | OfficerTrustee | 0.4 | $0 |
Peter D'alessandro Board Member | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $258,000 |
| Membership dues | $630 |
| Fundraising events | $152,212 |
| Related organizations | $0 |
| Government grants | $1,918,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,125,206 |
| Noncash contributions included in lines 1a–1f | $85,259 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,454,607 |
| Total Program Service Revenue | $231,747 |
| Investment income | $3,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$77,642 |
| Net Income from Fundraising Events | $97,344 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $49,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,906,658 |
| 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. | $116,825 |
| Compensation of current officers, directors, key employees. | $23,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,645,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $195,700 |
| Payroll taxes | $127,364 |
| 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 | $69,021 |
| Advertising and promotion | $20,343 |
| Office expenses | $67,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $155,839 |
| Travel | $27,199 |
| 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 | $112,222 |
| Insurance | $214,899 |
| All other expenses | $18,456 |
| Total functional expenses | $2,846,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,143 |
| Savings and temporary cash investments | $2,370,607 |
| Pledges and grants receivable | $348,348 |
| Accounts receivable, net | $58,706 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,142 |
| Prepaid expenses and deferred charges | $42,300 |
| Net Land, buildings, and equipment | $1,262,690 |
| Investments—publicly traded securities | $2,756 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,210 |
| Total assets | $4,096,902 |
| Accounts payable and accrued expenses | $203,444 |
| 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 | $290,615 |
| Total liabilities | $494,059 |
| Net assets without donor restrictions | $2,866,685 |
| Net assets with donor restrictions | $736,158 |
| 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 | $4,096,902 |