Waterbury Arc Inc
- Assets
- $3.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 173
- Location
- Waterbury, CT
- Founding
- 10/1955
- Data as of
- 06/2022
- EIN
- 06-0743645
Organization Overview
Waterbury Arc Inc is located in Waterbury, CT. The organization was established in 1955. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Waterbury Arc Inc employed 173 individuals. This organization is the central organization for a national or regional group of organizations. Waterbury Arc Inc 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, Waterbury Arc Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 5 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
ASSIST PERSONS WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY SERVICE PROGRAMS: SERVICING THE NEEDS OF INDIVIDUALS WITH INTELLECTUAL DISABILITIES BY PROVIDING VOCATIONAL WORKSHOPS,SHELTERED WORKSHOPS,SUPPORTED EMPLOYMENT AND RECREATIONAL ACTIVITIES.
AFTER SCHOOL & OTHER: TO PROVIDE SUPPORT SERVICES FOR DISABLED INDIVDUALS. TAKING CARE OF CHILDREN WITH INTELLECTUAL DISABILITIES AFTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Kalcznski Executive Di | OfficerTrustee | 40 | $137,618 |
Anthony M Dibona ESQ Director | Trustee | 2 | $0 |
Ann Begley Director | Trustee | 2 | $0 |
Joe Mcgrail Director | Trustee | 2 | $0 |
Sean Fitzmaurice Director | Trustee | 2 | $0 |
Jacob Segla Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $111 |
| Membership dues | $0 |
| Fundraising events | $24,814 |
| Related organizations | $0 |
| Government grants | $4,573,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,627,101 |
| Total Program Service Revenue | $419,653 |
| Investment income | $32,491 |
| 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 | $5,079,245 |
| 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. | $137,618 |
| Compensation of current officers, directors, key employees. | $13,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,274,044 |
| Pension plan accruals and contributions | $26,137 |
| Other employee benefits | $548,988 |
| Payroll taxes | $277,248 |
| 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 | $86,057 |
| Advertising and promotion | $0 |
| Office expenses | $35,195 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,175 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,730 |
| Insurance | $80,674 |
| All other expenses | $730 |
| Total functional expenses | $5,018,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,504,091 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,435 |
| 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 | $47,100 |
| Net Land, buildings, and equipment | $851,376 |
| Investments—publicly traded securities | $902,355 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,420,357 |
| Accounts payable and accrued expenses | $703,456 |
| 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 | $7,474 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $102,362 |
| Total liabilities | $813,292 |
| Net assets without donor restrictions | $2,607,065 |
| Net assets with donor restrictions | $0 |
| 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 | $3,420,357 |