Ad Lib Inc
- Assets
- $2.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Pittsfield, MA
- Founding
- 06/1988
- Data as of
- 06/2023
- EIN
- 22-2533311
Organization Overview
Ad Lib Inc is located in Pittsfield, MA. The organization was established in 1988. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2023, Ad Lib Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ad Lib 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 06/2023, Ad Lib Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 6.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE INDEPENDENT LIVING SKILLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS ASSIST DISABLED INDIVIDUALS TO LIVE INDEPENDENTLY, SERVING APPROXIMATELY 1,000 CLIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marco Ingoglia Executive Director | 40 | $81,046 | |
Bryan Comalli President | OfficerTrustee | 1 | $0 |
Linda Febles Vice President | OfficerTrustee | 1 | $0 |
Gregg Marchion Treasurer | OfficerTrustee | 1 | $0 |
Jeff Robinson Director | Trustee | 1 | $0 |
Lisa Sloane Director | Trustee | 1 | $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 | $1,240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,240 |
| Total Program Service Revenue | $2,021,119 |
| Investment income | $12,942 |
| 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 | $2,035,600 |
| 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. | $97,207 |
| Compensation of current officers, directors, key employees. | $97,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,006,274 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $170,493 |
| Payroll taxes | $131,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,533 |
| Advertising and promotion | $17,937 |
| Office expenses | $34,153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,355 |
| Travel | $18,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,712 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,960 |
| Insurance | $44,780 |
| All other expenses | $35,134 |
| Total functional expenses | $2,103,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,028 |
| Savings and temporary cash investments | $1,631,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $516,808 |
| 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 | $32,328 |
| Net Land, buildings, and equipment | $460,985 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,647,219 |
| Accounts payable and accrued expenses | $201,300 |
| Grants payable | $0 |
| Deferred revenue | $250,495 |
| 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 | $74,155 |
| Total liabilities | $525,950 |
| Net assets without donor restrictions | $2,121,269 |
| 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 | $2,647,219 |