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Nonprofiteer
← LARC INC

Form 990 for tax year 2024

Filed by LARC INC.

Totals

Total revenue
$8,629,823
Total expenses
$3,993,548
Contributions and grants received
$7,723,400
Grants paid
$0
Program service revenue
$204,332
Investment income
$105,449
Other revenue
$596,642
Total assets, end of year
$11,834,926
Total liabilities, end of year
$1,561,269
Net assets or fund balances, end of year
$10,273,657
Program services expenses (Part IX)
$3,250,268
Management and general expenses
$502,252
Fundraising expenses
$241,028
Program service expenses (Part III)
$3,250,268

Program services were 81.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $261,000

  • 1b · Membership dues

    $50

  • 1c · Fundraising events

    $168,770

  • 1e · Government grants (contributions)

    $2,207,772

  • 1f · All other contributions, gifts and grants

    $5,085,808

  • 1g · Noncash contributions included above

    $78,362

  • 2a · Program service revenue: CLIENT FEES

    total $204,332 · related or exempt $204,332

  • 3 · Investment income

    total $105,449 · excluded $105,449

  • 8a · Fundraising events: gross income

    $680

  • 8a · Fundraising events: contributions included on line 1c

    $168,770

  • 8b · Fundraising events: direct expenses

    $13,654

  • 8c · Net income from fundraising events

    total -$12,974 · excluded -$12,974

  • 10a · Gross sales of inventory

    $121,018

  • 10b · Cost of goods sold

    $40,972

  • 10c · Net income from sales of inventory

    total $80,046 · related or exempt $80,046

  • 11a · Other revenue: EMPLOYEE RETENTION CREDIT

    total $384,596 · excluded $384,596

  • 11b · Other revenue: INSURANCE PROCEEDS

    total $102,150 · excluded $102,150

  • 11c · Other revenue: OTHER

    total $42,824 · excluded $42,824

  • 11e · Other revenue, total

    $529,570

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $142,666 · program services $114,133 · management and general $28,533

  • 7 · Other salaries and wages

    total $1,821,364 · program services $1,694,505 · management and general $21,962 · fundraising $104,897

  • 9 · Other employee benefits

    total $260,089 · program services $245,037 · management and general $2,885 · fundraising $12,167

  • 10 · Payroll taxes

    total $146,925 · program services $133,838 · management and general $5,198 · fundraising $7,889

  • 11g · Fees: other

    total $221,644 · program services $51,903 · management and general $169,126 · fundraising $615

  • 12 · Advertising and promotion

    total $47,480 · fundraising $47,480

  • 13 · Office expenses

    total $75,044 · program services $27,462 · management and general $46,935 · fundraising $647

  • 16 · Occupancy

    total $546,486 · program services $494,796 · management and general $51,164 · fundraising $526

  • 17 · Travel

    total $35,027 · program services $24,137 · management and general $10,229 · fundraising $661

  • 22 · Depreciation, depletion and amortization

    total $167,161 · program services $71,876 · management and general $95,085 · fundraising $200

  • 23 · Insurance

    total $367,169 · program services $319,775 · management and general $43,248 · fundraising $4,146

  • 24a · Other expenses: OTHER

    total $86,888 · program services $19,708 · management and general $6,260 · fundraising $60,920

  • 24b · Other expenses: DUES AND SUBS

    total $19,596 · program services $305 · management and general $18,682 · fundraising $609

  • 24c · Other expenses: FOOD

    total $17,895 · program services $17,895

  • 24d · Other expenses: AGENCY VEHICLE

    total $13,497 · program services $13,469 · management and general $28

  • 24e · All other expenses

    total $24,617 · program services $21,429 · management and general $2,917 · fundraising $271

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,153 · end of year $1,153

  • 2 · Savings and temporary cash investments

    beginning of year $2,775,432 · end of year $3,374,243

  • 3 · Pledges and grants receivable

    beginning of year $318,247 · end of year $4,150,385

  • 4 · Accounts receivable

    beginning of year $63,771 · end of year $47,697

  • 8 · Inventories for sale or use

    beginning of year $29,065 · end of year $21,031

  • 9 · Prepaid expenses and deferred charges

    beginning of year $222,033 · end of year $264,877

  • 10a · Land, buildings and equipment: cost or other basis

    $5,938,193

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,986,097

  • 10c · Land, buildings and equipment, net

    beginning of year $3,505,174 · end of year $3,952,096

  • 15 · Other assets

    beginning of year $17,455 · end of year $23,444

  • 17 · Accounts payable and accrued expenses

    beginning of year $259,551 · end of year $446,940

  • 25 · Other liabilities

    beginning of year $1,085,342 · end of year $1,114,329

  • 27 · Net assets without donor restrictions

    beginning of year $4,941,951 · end of year $9,581,368

  • 28 · Net assets with donor restrictions

    beginning of year $645,486 · end of year $692,289

Mission and programs · 2024

Mission

LARC'S MISSION IS TO EMPOWER AND SUPPORT INDIVIDUALS WITH DISABILITIES AND THEIR FAMILIES TO ACHIEVE THEIR FULL POTENTIAL.

  • ADULT DAY TRAINING PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.

    Expenses $1,862,227 · Revenue $204,332

  • COMMUNITY SUPPORT SERVICES PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.

    Expenses $769,118

  • RESIDENTIAL GROUP HOMES PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.

    Expenses $560,965

  • CULINARY

    Expenses $57,958

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Angela Katz

    EXECUTIVE DI

    Total calculated
    $116,622
    From this org
    $116,622
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Bonnie Bolton

    TREASURER

    Total calculated
    $0
    Hours/week
    0.4

  • Brian Bradley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Austin Clinton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.4

  • Peter D'Alessandro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Jennifer Galloway

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Mike Gavala

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Blake Hampton

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.4

  • Stephen McBane

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.4

  • Dave Plonski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Stephanie Wardein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Ross Webb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
19 May 2026
IRS schema version
2024v5.0
Source object
202601759349300625

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