Marc Inc Of Manchester
- Assets
- $8.9m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 329
- Location
- Manchester, CT
- Founding
- 12/1953
- Data as of
- 06/2022
- EIN
- 06-0712057
Organization Overview
Marc Inc Of Manchester is located in Manchester, CT. The organization was established in 1953. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, Marc Inc Of Manchester employed 329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marc Inc Of Manchester 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 06/2022, Marc Inc Of Manchester generated $13.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $13.6m during the year ending 06/2022. While expenses have increased by 6.0% 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
SUPPORTS PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN MANCHESTER, CONNECTICUT AND 25 SURROUNDING TOWNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY PROGRAMS - INCLUDES GROUP SUPPORTED EMPLOYMENT TO TRAIN 275 INDIVIDUALS IN AN INDUSTRIAL MERCANTILE AND/OR COMMERCIAL ENVIRONMENT AND TO ESTABLISH, MAINTAIN AND IMPROVE SKILLS. ALSO INCLUDES DAY SUPPORT OPTIONS TO PROVIDE A COMMUNITY ELDERLY ENRICHMENT PROGRAM FOR 41 ADULTS.
OTHER PROGRAM SERVICES. EXPENSES 533,846. INCLUDING GRANTS OF 0. REVENUE 32,108 INDIVIDUAL HOME SUPPORT - PROVIDE SUPPORT SERVICES FOR 25 DEVELOPMENTALLY DISABLED INDIVIDUALS IN A SUPPORTED LIVING ENVIRONMENT. EXPENSES 807,512. INCLUDING GRANTS OF 0. REVENUE 849,860.
CONTINUOUS RESIDENTIAL SERVICES - PROVIDE SUPPORT SERVICES FOR 18 DEVELOPMENTALLY DISABLED INDIVIDUALS IN A 24 HOUR SUPPORTED LIVING ENVIRONMENT.
COMMUNITY LIVING ARRANGEMENTS - PROVIDE SUPPORT SERVICES FOR 16 DEVELOPMENTALLY DISABLED INDIVIDUALS IN FIVE 24 HOUR SUPPORTED STATE LICENSED HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manuel Lerman Director | Trustee | 1 | $0 |
Lynn Damon Director | Trustee | 1 | $0 |
Lisa Gunn Director | Trustee | 1 | $0 |
Scott Sprague Director | Trustee | 1 | $0 |
Arnel Hines Director | Trustee | 1 | $0 |
Rachna Khanna Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,119 |
| Related organizations | $0 |
| Government grants | $237,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $505,189 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $793,845 |
| Total Program Service Revenue | $12,955,932 |
| Investment income | $901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,755,292 |
| 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. | $254,297 |
| Compensation of current officers, directors, key employees. | $23,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,745,184 |
| Pension plan accruals and contributions | $216,574 |
| Other employee benefits | $647,571 |
| Payroll taxes | $726,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $381,821 |
| Advertising and promotion | $25,356 |
| Office expenses | $39,360 |
| Information technology | $147,826 |
| Royalties | $0 |
| Occupancy | $188,305 |
| Travel | $149,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $74,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $357,016 |
| Insurance | $67,453 |
| All other expenses | $147,476 |
| Total functional expenses | $13,590,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,346,294 |
| Savings and temporary cash investments | $28,570 |
| Pledges and grants receivable | $930,895 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $552 |
| Prepaid expenses and deferred charges | $41,040 |
| Net Land, buildings, and equipment | $4,284,473 |
| Investments—publicly traded securities | $251,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,134 |
| Total assets | $8,892,416 |
| Accounts payable and accrued expenses | $2,056,088 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,567,165 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $347,166 |
| Total liabilities | $3,970,419 |
| Net assets without donor restrictions | $4,448,384 |
| Net assets with donor restrictions | $473,613 |
| 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 | $8,892,416 |