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Nonprofiteer
← ARC FOUNDATION OF SOMERSET COUNTY INC

Form 990 for tax year 2023

Filed by ARC FOUNDATION OF SOMERSET COUNTY INC.

Totals

Total revenue
$293,683
Total expenses
$184,753
Contributions and grants received
$277,101
Grants paid
$0
Program service revenue
$0
Investment income
$16,582
Other revenue
$0
Total assets, end of year
$1,231,548
Total liabilities, end of year
$539,393
Net assets or fund balances, end of year
$692,155
Program services expenses (Part IX)
$184,753
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$184,753

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.

  • 1c · Fundraising events

    $39,965

  • 1f · All other contributions, gifts and grants

    $237,136

  • 3 · Investment income

    total $16,582 · excluded $16,582

  • 8a · Fundraising events: gross income

    $43,081

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

    $39,965

  • 8b · Fundraising events: direct expenses

    $43,081

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $17,535 · program services $17,535

  • 8 · Pension plan contributions

    total $815 · program services $815

  • 9 · Other employee benefits

    total $501 · program services $501

  • 10 · Payroll taxes

    total $1,278 · program services $1,278

  • 11c · Fees: accounting

    total $2,200 · program services $2,200

  • 11g · Fees: other

    total $79,602 · program services $79,602

  • 14 · Information technology

    total $4,092 · program services $4,092

  • 23 · Insurance

    total $4,069 · program services $4,069

  • 24a · Other expenses: TUITION EXPENSES

    total $69,757 · program services $69,757

  • 24b · Other expenses: BANK FEES

    total $1,923 · program services $1,923

  • 24c · Other expenses: MATERIALS AND SUPPLIES

    total $1,182 · program services $1,182

  • 24d · Other expenses: MEMBERSHIP DUES

    total $1,140 · program services $1,140

  • 24e · All other expenses

    total $659 · program services $659

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $432,231 · end of year $615,733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $500 · end of year $500

  • 12 · Investments: other securities

    beginning of year $562,923 · end of year $615,315

  • 17 · Accounts payable and accrued expenses

    beginning of year $453,899 · end of year $539,363

  • 19 · Deferred revenue

    beginning of year $30 · end of year $30

  • 27 · Net assets without donor restrictions

    beginning of year $541,725 · end of year $692,155

Mission and programs · 2023

Mission

THE ARC FOUNDATION OF SOMERSET COUNTY IS DEDICATED TO ENHANCING THE QUALITY OF LIFE AND EXPANDING PROGRAMS AND SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH THE PROCUREMENT OF GRANTS, FUNDRAISING, AWARENESS, EDUCATION, AND PUBLIC RELATIONS ACTIVITIES. THE VISION OF THE ARC FOUNDATION OF SOMERSET COUNTY IS TO ENSURE THE FINANCIAL VIABILITY OF THE ARC OF SOMERSET COUNTY'S PROGRAMS WHICH SUPPORT LIFETIME ACHIEVEMENT AND SUCCESS TO EACH OF THE INDIVIDUALS SERVED.

  • PROMOTE AND SUPPORT THE INTERESTS AND PURPOSES OF THE ARC OF SOMERSET COUNTY.

    Expenses $184,753

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Adams

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Vincent Lombrado

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mark McDonough

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Corvino

    SECRETARY/EXECUTIVE DIRECT

    Total calculated
    $158,400
    From this org
    $0
    From related orgs
    $150,492
    Other
    $7,908
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $150,492 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,525 related
    Nontaxable benefits
    $0 + $383 related
    Filer's total
    $0 + $158,400 related

  • Patricia Carlson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Debiasi

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sandee Miller

    MEMBER

    Total calculated
    $130,429
    From this org
    $0
    From related orgs
    $111,986
    Other
    $18,443
    Hours/week
    1

  • Monimala Nandan

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $121,947
    From this org
    $0
    From related orgs
    $104,003
    Other
    $17,944
    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

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349306808

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