The Therapy Place Inc
- Assets
- $1.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 36
- Location
- Columbia, SC
- Founding
- 08/2008
- Data as of
- 06/2024
- EIN
- 26-2197304
Organization Overview
The Therapy Place Inc is located in Columbia, SC. The organization was established in 2008. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2024, Therapy Place Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Therapy Place 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, Therapy Place Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $1.9m during the year ending 06/2024. While expenses have increased by 14.5% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRADITIONAL AND INNOVATIVE THERAPIES AND RECREATIONAL OPPORTUNITIES FOR SPECIAL NEEDS CHILDREN IN AN ENVIRONMENT THAT IS FAMILY-FRIENDLY, TO INCLUDE RESOURCES AND EDUCATION FOR THE PARENTS/CAREGIVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING TRADITIONAL AND INNOVATIVE THERAPIES AND RECREATIONAL OPPORTUNITIES FOR SPECIAL NEEDS CHILDREN IN AN ENVIRONMENT THAT IS FAMILY-FRIENDLY, TO INCLUDE RESOURCES AND EDUCATION FOR THE PARENTS/CAREGIVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Darby Executive Director | Officer | 40 | $87,370 |
Heather Mcdonald President | OfficerTrustee | 2 | $0 |
Charles Foster Vice President | OfficerTrustee | 2 | $0 |
Adam Odom Treasurer | OfficerTrustee | 2 | $0 |
Liza Morris Secretary | OfficerTrustee | 2 | $0 |
Ginger Ervin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $294,254 |
| Related organizations | $0 |
| Government grants | $430,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,052,141 |
| Total Program Service Revenue | $1,207,002 |
| Investment income | $0 |
| 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 | $2,259,572 |
| 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. | $117,606 |
| Compensation of current officers, directors, key employees. | $117,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,243,532 |
| Pension plan accruals and contributions | $37,806 |
| Other employee benefits | $89,765 |
| Payroll taxes | $93,923 |
| Fees for services: Management | $90,112 |
| 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 | $0 |
| Advertising and promotion | $8,329 |
| Office expenses | $92,686 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,139 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,974 |
| Interest | $18,478 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,528 |
| All other expenses | $10,991 |
| Total functional expenses | $1,870,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,930 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $230,250 |
| 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 | $3,733 |
| Net Land, buildings, and equipment | $993,310 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,254,223 |
| Accounts payable and accrued expenses | $10,068 |
| Grants payable | $0 |
| Deferred revenue | $38,440 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $40,000 |
| Secured mortgages and notes payable | $297,310 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $385,818 |
| Net assets without donor restrictions | $868,405 |
| 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 | $1,254,223 |