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Nonprofiteer
← A R C FOUNDATION OF MONROE INC

Form 990 for tax year 2023

Filed by A R C FOUNDATION OF MONROE INC.

Totals

Total revenue
$696,127
Total expenses
$1,615,535
Contributions and grants received
$432,606
Grants paid
$0
Program service revenue
$0
Investment income
$250,213
Other revenue
$13,308
Total assets, end of year
$5,663,650
Total liabilities, end of year
$20,061
Net assets or fund balances, end of year
$5,643,589
Program services expenses (Part IX)
$1,159,422
Management and general expenses
$106,189
Fundraising expenses
$349,924
Program service expenses (Part III)
$1,159,422

Program services were 71.8% 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.

  • 1c · Fundraising events

    $87,222

  • 1f · All other contributions, gifts and grants

    $345,384

  • 3 · Investment income

    total $69,284 · excluded $69,284

  • 7a · Gross sales of assets other than inventory

    securities $708,210

  • 7b · Less cost or other basis and sales expenses

    securities $527,281

  • 7c · Gain or loss

    securities $180,929

  • 7d · Net gain or loss

    total $180,929 · excluded $180,929

  • 8a · Fundraising events: gross income

    $91,959

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

    $87,222

  • 8b · Fundraising events: direct expenses

    $91,959

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $13,308 · related or exempt $13,308

  • 11e · Other revenue, total

    $13,308

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $101,466 · management and general $28,128 · fundraising $73,338

  • 7 · Other salaries and wages

    total $136,734 · fundraising $136,734

  • 9 · Other employee benefits

    total $27,329 · fundraising $27,329

  • 10 · Payroll taxes

    total $15,755 · fundraising $15,755

  • 11g · Fees: other

    total $12,694 · management and general $1,269 · fundraising $11,425

  • 12 · Advertising and promotion

    total $12,592 · fundraising $12,592

  • 13 · Office expenses

    total $4,362 · management and general $436 · fundraising $3,926

  • 16 · Occupancy

    total $19,994 · management and general $1,999 · fundraising $17,995

  • 17 · Travel

    total $1,863 · fundraising $1,863

  • 21 · Payments to affiliates

    total $918,590 · program services $855,693 · management and general $62,897

  • 22 · Depreciation, depletion and amortization

    total $300,950 · program services $300,950

  • 23 · Insurance

    total $5,781 · management and general $578 · fundraising $5,203

  • 24a · Other expenses: STAFF DEVELOPMENT

    total $23,092 · management and general $2,309 · fundraising $20,783

  • 24b · Other expenses: COMMUNITY SUPPORT

    total $22,565 · fundraising $22,565

  • 24c · Other expenses: OTHER

    total $11,306 · program services $2,779 · management and general $8,527

  • 24d · Other expenses: FOOD

    total $462 · management and general $46 · fundraising $416

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $888,560 · end of year $268,958

  • 4 · Accounts receivable

    beginning of year $12,031 · end of year $8,231

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,203 · end of year $46,861

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

    $5,029,212

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

    $2,951,660

  • 10c · Land, buildings and equipment, net

    beginning of year $2,363,021 · end of year $2,077,552

  • 11 · Investments: publicly traded securities

    beginning of year $3,092,656 · end of year $2,878,774

  • 12 · Investments: other securities

    beginning of year $127,717 · end of year $360,237

  • 15 · Other assets

    beginning of year $23,037 · end of year $23,037

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,096 · end of year $13,234

  • 25 · Other liabilities

    beginning of year $136,723 · end of year $6,827

  • 27 · Net assets without donor restrictions

    beginning of year $5,459,929 · end of year $5,221,432

  • 28 · Net assets with donor restrictions

    beginning of year $927,477 · end of year $422,157

Mission and programs · 2023

Mission

TO RAISE AND MANAGE DONATED FUNDS THAT HAVE BEEN TARGETED TO FURTHER THE PURPOSES OF THE ARC OF MONROE COUNTY (THE ARC).

Activities or mission (Part I)

TO RAISE AND MANAGE DONATED FUNDS TO FURTHER THE PURPOSES OF THE ARC OF MONROE COUNTY.

  • PROGRAMMATIC ACTIVITY CONSISTS OF THE ANNUAL COSTS OF THE FOUNDATION'S REAL ESTATE PROPERTIES IT HOLDS TO SERVE INDIVIDUALS WITH DEVELOPMENT DISABILITIES. IN ADDITION, PROGRAM ACTIVITY INCLUDES DONATIONS MADE TO AFFILIATED ORGANIZATION, THE ARC, TO SUPPORT ITS OPERATIONS.

    Expenses $1,159,422 · Revenue $13,308

As filed on the 2023 return.

Listed in Part VII

  • Philip Andolina

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Karen Bodley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Daniel Bryson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lynn Carleton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Cutrona

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jordan Dixon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christopher Flores

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Beth Ann Kilberg-Walsh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Pennell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Daniel Phillips

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Rizzari

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Meisenzahl

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Powers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Timothy Sorge

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Reenie Levy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tracy Petrichick

    ARC OF MONROE CEO

    Total calculated
    $316,301
    From this org
    $0
    From related orgs
    $288,539
    Other
    $27,762
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,395 related
    Bonus
    $0 + $38,080 related
    Other
    $0 + $22,064 related
    Deferred
    $0 + $11,436 related
    Nontaxable benefits
    $0 + $16,326 related
    Filer's total
    $0 + $316,301 related

  • Tracy Crosby

    EXECUTIVE DIRECTOR

    Total calculated
    $98,015
    From this org
    $0
    From related orgs
    $87,947
    Other
    $10,068
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 41 ROSELAWN LLC

    PROVIDING HOUSING TO INDIVIDUALS WITH INTELLECTUAL AND/OR DEV. DISABILITIES · NY · income $13,308 · assets $392,213

    Directly controlled by ARC FOUNDATION OF MONROE INC

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443179349305424

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