Arc Desoto Inc
- Assets
- $600.1k
- Revenue
- $694.8k
- Investments
- $0.0
- Employees
- 15
- Location
- Arcadia, FL
- Founding
- 01/1988
- Data as of
- 06/2022
- EIN
- 59-2008900
Organization Overview
Arc Desoto Inc is located in Arcadia, FL. The organization was established in 1988. 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 06/2022, Arc Desoto Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arc Desoto 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, Arc Desoto Inc generated $694.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $599.2k during the year ending 06/2022. 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE ASSISTANCE TO DISABLED INDIVIDUALS WHO LIVE IN DESOTO COUNTY. PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE A TOTAL NUMBER OF CLIENTS SERVED OF 46, WHICH REPRESENTS A SLIGHT INCREASE OVER THE PREVIOUS FISCAL YEAR. THE ORGANIZATION HAS A CONTRACT WITH THE DESOTO COUNTY SCHOOL BOARD TO PROVIDE ASSISTANCE FOR THEIR DEVELOPMENTAL TRAINING. OTHER SERVICES PROVIDED ARE NON-RESIDENTIAL SUPPORT SERVICES, IN HOME SUPPORT, ADULT DAY TRAINING, AND REHABILITATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENTAL TRAINING OF MENTALLY DISABLED INDIVIDUALS.
TRANSPORTATION OF MENTALLY DISABLED INDIVIDUALS.
HOUSING OF MENTALLY DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Carrender Executive Di | Trustee | $0 | |
Patricia Schudel President | Trustee | $0 | |
Many Ann Starrett Controller | Trustee | $0 | |
Brian Deery Secretary/tr | Officer | $0 | |
Gail Farris Vice Preside | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,994 |
| Investment income | $53 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$377 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $694,775 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $396,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $12,356 |
| Advertising and promotion | $0 |
| Office expenses | $5,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,642 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,581 |
| Insurance | $35,161 |
| All other expenses | $0 |
| Total functional expenses | $599,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,215 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,369 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $600,140 |
| Accounts payable and accrued expenses | $3,796 |
| 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 | $180,752 |
| Unsecured mortgages and notes payable | $364,341 |
| Other liabilities | $0 |
| Total liabilities | $548,889 |
| Net assets without donor restrictions | $51,251 |
| 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 |
| Total liabilities and net assets/fund balances | $51,251 |