The Point Arc Of Northern Kentucky Inc
- Assets
- $12.5m
- Revenue
- $997.7k
- Investments
- $1.7m
- Employees
- 7
- Location
- Covington, KY
- Founding
- 03/1973
- Data as of
- 12/2020
- EIN
- 23-7259409
Organization Overview
The Point Arc Of Northern Kentucky Inc is located in Covington, KY. The organization was established in 1973. 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 12/2021, Point Arc Of Northern Kentucky Inc employed 7 individuals. This organization is the central organization for a national or regional group of organizations. Point Arc Of Northern Kentucky 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 12/2020, Point Arc Of Northern Kentucky Inc generated $997.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $876.5k during the year ending 12/2020. While expenses have increased by 5.0% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES TO PEOPLE WITH SPECIAL NEEDS TO REACH THEIR HIGHEST POTENTIAL EDUCATIONALLY, RESIDENTIALLY, SOCIALLY, AND VOCATIONALLY. WE EMPOWER INDIVIDUALS TO BECOME PRODUCTIVE AND INCLUDED MEMBERS OF THEIR FAMILIES AND THEIR COMMUNITIES WHILE PROMOTING SELF-DETERMINATION SO THAT EACH PERSON IS EQUIPPED TO MAKE INFORMED DECISIONS REGARDING THE QUALITY OF THEIR LIVES. WE WILL PROTECT AND ADVOCATE FOR EACH INDIVIDUAL TO BE TREATED WITH DIGNITY AND RESPECT WHILE TEACHING PERSONAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL AND ADMINISTRATIVE SUPPORT TO THE POINT PROGRAMS INC., WHICH IS LISTED ON SCHEDULE R PART II.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judi Gerding CEO | OfficerTrustee | 20 | $110,313 |
Jean Denning CFO | OfficerTrustee | 20 | $81,303 |
Rob Case President | OfficerTrustee | 1 | $0 |
Paula Miller Vice President | OfficerTrustee | 1 | $0 |
Maggie Wehage Treasurer | OfficerTrustee | 1 | $0 |
Michael Berling DMD Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $729,752 |
| Investment income | $32,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $212,494 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $997,716 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,997 |
| Pension plan accruals and contributions | $10,808 |
| Other employee benefits | $12,764 |
| Payroll taxes | $27,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,243 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,457 |
| Fees for services: Other | $8,402 |
| Advertising and promotion | $10,840 |
| Office expenses | $121,307 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,652 |
| Travel | $130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,534 |
| Insurance | $20,049 |
| All other expenses | $0 |
| Total functional expenses | $876,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,496 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $296,983 |
| Accounts receivable, net | $6,500 |
| 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 | $0 |
| Investments—publicly traded securities | $620,116 |
| Investments—other securities | $1,725,625 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,429,768 |
| Total assets | $12,548,731 |
| Accounts payable and accrued expenses | $35,069 |
| 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 | $600,092 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $635,161 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $11,913,570 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Point Arc Of Northern Kentucky Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
George And Mary Jo Budig Family Foundation Fort Mitchell, KY PURPOSE: GENERAL OPERATIONS | $2,000 |
Endowment Analysis
| Beg. Balance | $1,682,577 |
| Earnings | $223,857 |
| Admin Expense | $5,284 |
| Net Contributions | $67,296 |
| Other Expense | $71,000 |
| Ending Balance | $1,897,446 |
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