Carc Inc
- Assets
- $10.7m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 322
- Location
- Carlsbad, NM
- Founding
- 08/1971
- Data as of
- 06/2022
- EIN
- 85-0197103
Organization Overview
Carc Inc is located in Carlsbad, NM. The organization was established in 1971. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2022, Carc Inc employed 322 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carc 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, Carc Inc generated $11.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $11.2m during the year ending 06/2022. While expenses have increased by 2.0% 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
TO PROVIDE COMPREHENSIVE SERVICES FOR PEOPLE WITH SPECIAL NEEDS THAT ENABLE THEM TO BE ACTIVE CITIZENS, FEEL ACCEPTED AND FIND MEANING IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A WORK AND RESIDENTIAL FACILITY FOR THE REHABILITATION AND CARE OF DEVELOPMENTALLY DISABLED PERSONS. PATIENT DAYS FOR CARC, INC. TOTAL 23,392 FOR THE YEAR ENDED JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Schinnerer CEO | $176,401 | ||
Robert Bowen Vice Preside | Trustee | $0 | |
Robbie Chacon Director | Trustee | $0 | |
Dr Ned Elkins President | OfficerTrustee | $0 | |
Lee Emerson Director | Trustee | $0 | |
Barbara Forrest Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,364 |
| All other contributions, gifts, grants, and similar amounts not included above | $542,372 |
| Noncash contributions included in lines 1a–1f | $61,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $563,736 |
| Total Program Service Revenue | $9,742,507 |
| Investment income | $10,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $275,939 |
| Net Rental Income | $66,570 |
| Net Gain/Loss on Asset Sales | -$10,891 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $381,298 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,114,367 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,003,403 |
| Pension plan accruals and contributions | $118,985 |
| Other employee benefits | $469,533 |
| Payroll taxes | $545,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,981 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179,694 |
| Advertising and promotion | $0 |
| Office expenses | $57,413 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $583,011 |
| Travel | $40,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,163 |
| Interest | $34,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $469,448 |
| Insurance | $149,590 |
| All other expenses | $522,011 |
| Total functional expenses | $11,199,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,536,099 |
| Savings and temporary cash investments | $21,320 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $460,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,191 |
| Prepaid expenses and deferred charges | $148,415 |
| Net Land, buildings, and equipment | $6,520,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,948,330 |
| Total assets | $10,707,264 |
| Accounts payable and accrued expenses | $1,335,291 |
| Grants payable | $0 |
| Deferred revenue | $13,073 |
| 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 | $1,082,203 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,450 |
| Total liabilities | $2,497,017 |
| Net assets without donor restrictions | $7,980,128 |
| Net assets with donor restrictions | $230,119 |
| 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 | $10,707,264 |