Scarc Foundation Inc
- Assets
- $3.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Augusta, NJ
- Founding
- 03/1985
- Data as of
- 06/2024
- EIN
- 22-2585052
Organization Overview
Scarc Foundation Inc is located in Augusta, NJ. The organization was established in 1985. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 06/2024, Scarc Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scarc Foundation 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 06/2024, Scarc Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $980.7k during the year ending 06/2024. While expenses have increased by 2.1% per year over the past 9 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.
Since 2015, Scarc Foundation Inc has awarded 18 individual grants totaling $4,630,409. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SCARC FOUNDATION, INC. IS TO RAISE FUNDS THAT WILL SUPPORT THE SERVICES THAT SCARC, INC. AND SCARC GUARDIANSHIP SERVICES, INC. PROVIDES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS FOR SCARC, INC. PROGRAMS - THE FUNDS THAT WE RAISE FOR SCARC, INC. HELPS TO PROVIDE COMMUNITY-BASED SUPPORT OPTIONS SERVING THE LIFELONG NEEDS OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES WITH RESPECT, FLEXIBILITY, AND AN ONGOING COMMITMENT TO PROVIDING QUALITY SERVICES AND SUPPORTS.
AWARDS FOR SCARC GUARDIANSHIP SERVICES, INC. PROGRAMS - THE FUNDS THAT WE RAISE FOR SCARC GUARDIANSHIP SERVICES, INC. HELPS THIS ORGANIZATION TO SERVE AS GUARDIAN FOR INDIVIDUALS WHO ARE WITHOUT FAMILY OR FRIENDS WHO CAN SERVE IN THAT CAPACITY. THEY ALSO ASSIST FAMILIES IN OBTAINING GUARDIANSHIP FOR THEIR LOVED ONE WITH A DISABILITY AND OFFER FUTURE PLANNING AND TRUSTEE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Macmullin ESQ CEO | Trustee | 2 | $0 |
Karen Newburgh CFO | Trustee | 2 | $0 |
Theodore Brennan Trustee | Trustee | 2 | $0 |
Jacqueline Espinoza Trustee | Trustee | 2 | $0 |
Dr Jon Connolly Trustee | Trustee | 2 | $0 |
Karen Creamer Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $731,418 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,480 |
| Noncash contributions included in lines 1a–1f | $66,544 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $893,898 |
| Total Program Service Revenue | $0 |
| Investment income | $99,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $510,415 |
| Net Income from Fundraising Events | -$6,939 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,496,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600,980 |
| 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. | $155,599 |
| Compensation of current officers, directors, key employees. | $15,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,039 |
| Pension plan accruals and contributions | $2,203 |
| Other employee benefits | $27,597 |
| Payroll taxes | $16,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,257 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $54,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,290 |
| Travel | $6,039 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $980,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,220 |
| Savings and temporary cash investments | $491,843 |
| Pledges and grants receivable | $4,384 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $3,581 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,876,976 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,499,004 |
| Accounts payable and accrued expenses | $54,175 |
| Grants payable | $0 |
| Deferred revenue | $109,820 |
| 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 | $34,153 |
| Total liabilities | $198,148 |
| Net assets without donor restrictions | $864,359 |
| Net assets with donor restrictions | $2,436,497 |
| 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 | $3,499,004 |
Grants Awarded
Over the last fiscal year, Scarc Foundation Inc has awarded $600,980 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCARC INC PURPOSE: PROVIDE FUNDING FOR COMMUNITY ACTIVITIES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES WHO ARE SERVED BY SCARC, INC. | $328,401 |
SCARC GUARDIANSHIP SERVICES INC PURPOSE: PROVIDE FUNDING FOR GUARDIANSHIP SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES WHO ARE SERVED BY SCARC GUARDIANSHIP SERVICES. | $272,579 |