Sargent Rehabilitation Center Inc
- Assets
- $18.2m
- Revenue
- $9.0m
- Investments
- $4.8m
- Employees
- 119
- Location
- Warwick, RI
- Founding
- 10/1955
- Data as of
- 08/2022
- EIN
- 05-0258936
Organization Overview
Sargent Rehabilitation Center Inc, operating under the name Sargent Rehabilitation Center, is located in Warwick, RI. The organization was established in 1955. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 08/2022, Sargent Rehabilitation Center employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sargent Rehabilitation Center 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 08/2022, Sargent Rehabilitation Center generated $9.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $5.9m during the year ending 08/2022. 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
IT IS THE MISSION OF THE SARGENT REHABILITATION CENTER TO REHABILITATE CHILDREN AND YOUNG ADULTS WITH DISABILITIES FOR MAXIMUM COMMUNITY ACCESS TO EDUCATION DAILY LIVING AND EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SARGENT REHABILITATION CENTER IS A NOT-FOR-PROFIT AGENCY LOCATED IN WARWICK RI. THE PROGRAM INVOLVES TREATMENT OF CHILDREN AND YOUNG ADULTS AGES 3 TO 22 WITH SEVERE TO PROFOUND COMMUNICATION NEUROLOGICAL CONDITIONS. THE PROGRAM INCLUDES A COMPREHENSIVE COORDINATED APPROACH UTILIZING THE SKILLS OF SPECIAL EDUCATORS SPEECH PATHOLOGISTS PHYSICAL AND OCCUPATIONAL THERAPISTS SOCIAL WORKERS AND PSYCHOLOGISTS. EACH STUDENT HAS THEIR OWN INDIVIDUAL EDUCATION PLAN. THEY ATTEND SCHOOL 220 DAYS PER YEAR. THE GOAL OF THE PROGRAM IS TO TRANSITION THE STUDENT BACK TO THEIR OWN COMMUNITY SCHOOL OR IF OLDER TRAIN THE STUDENT THROUGH ACTIVITIES OF DAILY LIVING TO BE A PRODUCTIVE MEMBER OF THE COMMUNITY. THE CENTER SERVES CHILDREN AND ADOLESCENTS WITH TRAUMATIC BRAIN INJURY AND NEUROLOGICAL DISORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kane President CEO | Officer | 40 | $248,888 |
Leslie Brow Vice President Director Of Programs | Officer | 40 | $183,773 |
Mary Shepard Vice President Of Finance CFO | Officer | 30 | $141,374 |
Amanda Florio Assistant Director Of Programs | 40 | $124,852 | |
Russell Hahn Chariman | OfficerTrustee | 0.5 | $0 |
Robert Gervasini Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,218 |
| Noncash contributions included in lines 1a–1f | $8,463 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,218 |
| Total Program Service Revenue | $8,562,196 |
| Investment income | $247,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,890 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,007,451 |
| 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. | $698,887 |
| Compensation of current officers, directors, key employees. | $265,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,021,852 |
| Pension plan accruals and contributions | -$17,116 |
| Other employee benefits | $357,795 |
| Payroll taxes | $274,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140 |
| Fees for services: Accounting | $23,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $106,197 |
| Information technology | $4,582 |
| Royalties | $0 |
| Occupancy | $233,985 |
| Travel | $3,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,601 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $316,746 |
| Insurance | $102,511 |
| All other expenses | $31,071 |
| Total functional expenses | $5,948,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,296 |
| Savings and temporary cash investments | $5,468,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,096,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $98,275 |
| Net Land, buildings, and equipment | $5,108,559 |
| Investments—publicly traded securities | $12,330 |
| Investments—other securities | $4,765,102 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,419,198 |
| Total assets | $18,243,233 |
| Accounts payable and accrued expenses | $185,772 |
| Grants payable | $0 |
| Deferred revenue | $16,500 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,713,022 |
| Total liabilities | $1,915,294 |
| Net assets without donor restrictions | $16,085,025 |
| Net assets with donor restrictions | $242,914 |
| 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 | $18,243,233 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Sargent Rehabilitation Center Inc has recieved totaling $178,884.
| Awarding Organization | Amount |
|---|---|
The Champlin Foundation Pittsburgh, PA PURPOSE: RENOVATIONS TO THE MAIN | $75,208 |
The Rhode Island Community Foundation Providence, RI PURPOSE: STATEWIDE COMMUNITY OF PRACTICE FOR SPECIAL EDUCATION | $44,800 |
The Rhode Island Community Foundation Providence, RI PURPOSE: STATEWIDE COMMUNITY OF PRACTICE FOR SPECIAL EDUCATION | $44,800 |
John E Fogarty Foundation For Persons With Intellectual And Deve Providence, RI PURPOSE: GRANT FUNDS FUNDED RESOURCES (STAFF, EQUIPMENT) TO STUDENT WITH DISABILITIES | $5,500 |
John E Fogarty Foundation For Persons With Intellectual And Deve Providence, RI PURPOSE: GRANT FUNDS FUNDED RESOURCES (STAFF, EQUIPMENT) TO STUDENT WITH DISABILITIES | $5,500 |
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING | $1,538 |
Endowment Analysis
| Beg. Balance | $5,187,400 |
| Earnings | -$388,826 |
| Admin Expense | $33,472 |
| Ending Balance | $4,765,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashoba Learning Group Inc Bedford, MA | $17,818,775 | $20,934,730 |
Childrens Center Of Hamden Inc Hamden, CT | $5,057,304 | $17,805,585 |
League School Of Greater Boston Inc Walpole, MA | $19,876,889 | $16,713,452 |
Milestones Behavioral Services Inc Orange, CT | $21,061,189 | $19,167,051 |
The Groden Center Inc Providence, RI | $14,142,826 | $17,519,137 |
Waterford Country School Incorporated Quaker Hill, CT | $11,289,110 | $15,151,088 |
Schools For Children Inc Winchester, MA | $15,114,133 | $14,417,065 |
Midstate Arc Inc Meriden, CT | $5,634,658 | $14,484,578 |
Hopeful Journeys Educational Center Inc Beverly, MA | $13,756,334 | $15,926,723 |
Clarke School For The Deaf Northampton, MA | $32,563,861 | $13,028,140 |
Frederic L Chamberlain Center Inc Middleboro, MA | $3,237,389 | $10,751,708 |
Vista Life Innovations Inc Madison, CT | $17,869,074 | $8,836,549 |