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← FOUNDATION OF THE ARC

Form 990 for tax year 2023

Filed by FOUNDATION OF THE ARC.

Totals

Total revenue
$572,531
Total expenses
$545,033
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$495,480
Investment income
$77,051
Other revenue
$0
Total assets, end of year
$3,028,403
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,028,403
Program services expenses (Part IX)
$545,033
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$545,033

Program services were 100.0% 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.

  • 2a · Program service revenue: Rents and user fees

    total $495,480 · related or exempt $495,480

  • 3 · Investment income

    total $53,822 · excluded $53,822

  • 7a · Gross sales of assets other than inventory

    other assets $24,870

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

    other assets $1,641

  • 7c · Gain or loss

    other assets $23,229

  • 7d · Net gain or loss

    total $23,229 · excluded $23,229

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $476,356 · program services $476,356

  • 24a · Other expenses: Repairs and maintenance

    total $65,852 · program services $65,852

  • 24b · Other expenses: Miscellaneous

    total $2,825 · program services $2,825

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,237,249 · end of year $1,031,206

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

    $9,078,000

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

    $7,161,084

  • 10c · Land, buildings and equipment, net

    beginning of year $1,657,665 · end of year $1,916,916

  • 15 · Other assets

    beginning of year $108,991 · end of year $80,281

  • 27 · Net assets without donor restrictions

    beginning of year $3,003,905 · end of year $3,028,403

Mission and programs · 2023

Mission

Providing support services for The Arc of Central Alabama, Inc.

Activities or mission (Part I)

The Foundation of the Arc is in existence for the sole purpose of providing support services to a 501(c)(3) organization which provides training to individuals with intellectual disabilities.

  • The Foundation of the Arc is in existence for the sole purpose of providing support services to a 501(c)(3) organization which provides training and other services to individuals with intellectual disabilities.

    Expenses $545,033 · Revenue $495,480

As filed on the 2023 return.

Listed in Part VII

  • Deborah Hinton

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Stephanie Hunt

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Kracke

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Regulus

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jack Knight

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Bruce Webster

    President

    Total calculated
    $0
    Hours/week
    0.5

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
2023
Filed
30 July 2025
IRS schema version
2023v6.0
Source object
202532129349300438

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