Ark Of Sc
- Assets
- $751.3k
- Revenue
- $425.4k
- Investments
- $0.0
- Employees
- 11
- Location
- Summerville, SC
- Founding
- 08/2015
- Data as of
- 12/2020
- EIN
- 47-1350098
Organization Overview
Ark Of Sc is located in Summerville, SC. The organization was established in 2015. According to its NTEE Classification (G83) the organization is classified as: Alzheimers Disease, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Ark Of SC employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ark Of SC 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, Ark Of SC generated $425.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $458.4k during the year ending 12/2020. While expenses have increased by 5.1% 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 HOPE AND RELIEF TO FAMILIES LIVING WITH ALZHEIMERS DISEASE OR A RELATED DEMENTIA (ADRD) THROUGH SUPPORT SERVICES SUCH AS RESPITE CARE, SUPPORT GROUPS, EDUCATION, CAREGIVER CONSULTATIONS, RESOURCE REFERRALS AND COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2019, THE ARK OF SC PROVIDED RESPITE CARE SERVICES, HOSTED FIVE SUPPORT GROUPS, PROVIDED CARGIVER TRAINING AND FACILITATED REFERRALS FOR SERVICES. THE ARK OF SC ALSO MENTORED UNDERSERVED AREAS TO DEVELOP ALZHEIMERS SUPPORT SERVICES TAILORED TO MEET EACH COMMUNITYS UNIQUE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy K Lahmeyer Executive Director | Officer | 40 | $0 |
Doug Warrfen Director | Trustee | 0 | $0 |
Gary Brewer Director | Trustee | 0 | $0 |
Sara Montoya Director | Trustee | 0 | $0 |
Tammie Taylor Director | Trustee | 0 | $0 |
Terry Cunningham Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,909 |
| Investment income | $603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,847 |
| 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 | $425,359 |
| 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. | $64,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,627 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,038 |
| Office expenses | $6,844 |
| Information technology | $7,517 |
| Royalties | $0 |
| Occupancy | $20,160 |
| Travel | $1,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,916 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,812 |
| Insurance | $13,717 |
| All other expenses | $0 |
| Total functional expenses | $458,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,005 |
| Savings and temporary cash investments | $167,324 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $751,337 |
| Accounts payable and accrued expenses | $16,454 |
| 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 | $287,766 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $454,120 |
| 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 | $297,217 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Ark Of Sc has recieved totaling $65,742.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: HUMAN NEEDS GRANT | $38,555 |
Medical Society Of S C Charleston, SC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Alzheimers Foundation Of America Inc New York, NY PURPOSE: 2021 FALL BI-ANNUAL GRANT | $6,000 |
Allstate Foundation Northbrook, IL PURPOSE: HELPING HANDS GROUP GRANTS GRANT | $5,000 |
Allstate Foundation Northbrook, IL PURPOSE: AGENT - INDIVIDUAL HH GRANT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charlotte Neuroscience Association Inc Charlotte, NC | $3,082,037 | $3,290,485 |
Dementia Alliance Of North Carolina Inc Raleigh, NC | $832,392 | $872,226 |
Jud C Hickey Center For Alzheimers Care Inc Augusta, GA | $6,980,586 | $1,363,088 |
Ark Of Sc Summerville, SC | $751,337 | $425,359 |
Alzheimers Services Center Inc Morrow, GA | $1,261,641 | $208,460 |
David Moore Foundation Charlotte, NC | $54,028 | $236,009 |
Advocates For Alzheimers Care Inc Dublin, GA | $275,977 | $114,932 |
Rockin Out Alzheimers Disease Foundation Inc Statesboro, GA | $140,129 | $0 |
Golden Corner Respite Care Program Seneca, SC | $20,038 | $0 |
Outer Banks Dementia Friendly Coalition Inc Kitty Hawk, NC | $102,648 | $0 |