Accra Care Inc
- Assets
- $56.5m
- Revenue
- $161.0m
- Investments
- $159.2k
- Employees
- 8,593
- Location
- Minnetonka, MN
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 41-1935027
Organization Overview
Accra Care Inc is located in Minnetonka, MN. The organization was established in 2001. According to its NTEE Classification (P44) the organization is classified as: In-Home Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Accra Care Inc employed 8,593 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accra Care 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 12/2021, Accra Care Inc generated $161.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $154.3m during the year ending 12/2021. While expenses have increased by 14.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE LIVES BY PROVIDING INDIVIDUALIZED HOME CARE SERVICES & SUPPORT TO PEOPLE LIVING AT HOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SERVICES AND SUPPORTS TO PEOPLE WITH DISABILITIES AND OLDER ADULTS LIVING AT HOME IN THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Dahm Chief Executive Officer | OfficerTrustee | 10 | $0 |
Mark Heston Chair | OfficerTrustee | 0.3 | $0 |
Steve Suckow Secretary | OfficerTrustee | 0.1 | $0 |
Karen Sturm Treasurer | OfficerTrustee | 0.1 | $0 |
Leann Frette Chief Financial Officer | Officer | 10 | $0 |
Susan Morgan Chief Compliance Officer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,127,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,127,118 |
| Total Program Service Revenue | $158,400,483 |
| Investment income | $280,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $209,594 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,017,796 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,157,623 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,378,594 |
| Fees for services: Management | $19,529,609 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,100 |
| Fees for services: Other | -$27,500 |
| Advertising and promotion | $0 |
| Office expenses | $33 |
| Information technology | $39,798 |
| Royalties | $0 |
| Occupancy | $214,558 |
| 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 | $0 |
| Insurance | $1,000 |
| All other expenses | $0 |
| Total functional expenses | $154,329,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,320,796 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,094,409 |
| 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 | $344,981 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,678,322 |
| Investments—other securities | $159,185 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,919,707 |
| Total assets | $56,517,400 |
| Accounts payable and accrued expenses | $11,213,184 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,213,184 |
| Net assets without donor restrictions | $45,304,216 |
| 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 | $56,517,400 |
Grants Awarded
Over the last fiscal year, Accra Care Inc has awarded $40,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
2023 PARTNERS LLC PURPOSE: SPONSORSHIP - REIMAGINING AGING | $25,000 |
St Paul, MN PURPOSE: SPONSORSHIPS | $15,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumer Choice Services Inc Minnetonka, MN | $16,649,306 | $157,683,679 |
Accra Care Inc Minnetonka, MN | $56,517,400 | $161,017,796 |
Service Management Group In Minnetonka, MN | $26,354,857 | $27,255,023 |
Family Service Rochester Inc Rochester, MN | $11,966,168 | $9,977,211 |
Kenosha Area Family And Aging Services Inc Kenosha, WI | $1,176,732 | $3,232,210 |
Aging Services For Communities Montgomery, MN | $473,798 | $689,908 |
North Shore Area Partners Silver Bay, MN | $744,006 | $526,505 |
Living At Home Of The Park Rapids Area Park Rapids, MN | $303,558 | $288,904 |
Wayne County Home Care Aide Agency Corydon, IA | $107,053 | $204,230 |
Village Home Services Davenport, IA | $3,479 | $103,316 |
Homecare Services Inc Of Dallas County Adel, IA | $0 | -$3,573 |
Living At Home Block Nurse Program Inc Saint Paul, MN | $189,425 | $0 |