Tarc Inc
- Assets
- $7.4m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 117
- Location
- Topeka, KS
- Founding
- 03/1956
- Data as of
- 12/2023
- EIN
- 48-6086732
Organization Overview
Tarc Inc is located in Topeka, KS. The organization was established in 1956. 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 12/2023, Tarc Inc employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tarc 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 12/2023, Tarc Inc generated $15.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $14.4m during the year ending 12/2023. While expenses have increased by 1.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHED SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELF-DETERMINATION GIVES INDIVIDUALS THE OPPORTUNITY TO CHOOSE THE SUPPORTS THAT WILL MEET THEIR SPECIFIC NEEDS AND PREFERRED LIFESTYLES. 77 INDIVIDUALS RECEIVED SERVICES.
CHILDREN'S SERVICES PROVIDES EDUCATION, SUPPORT & RESOURCES TO FAMILIES AND THEIR CHILDREN 0-3 YEARS OF AGE. SERVICES INCLUDE OCCUPATIONAL AND PHYSICAL THERAPY AND SPEECH-LANGUAGE PATHOLOGY. 1,024 INDIVIDUALS RECEIVED SERVICES.
TARC INDUSTRIES/EMPLOYMENT SERVICES (TIES) OFFERS WORK TRAINING, JOB COACHING SERVICES, AND COMMUNITY WORK EXPERIENCE. 100 INDIVIDUALS RECEIVED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Martinez Secretary | OfficerTrustee | 1 | $0 |
Mike Kongs Treasurer | OfficerTrustee | 1 | $0 |
Judy Dowd Director | Trustee | 1 | $0 |
Mike Munson President | OfficerTrustee | 1 | $0 |
Karen Moore Past President | OfficerTrustee | 1 | $0 |
Quentin Haines Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southeast Kansas Education Service Cente Contracted Therapists | 12/30/23 | $1,240,654 |
Century Business Technologies It Services Conract | 12/30/23 | $314,221 |
Team Office Office Module Design/replace | 12/30/23 | $109,015 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $281,123 |
| Related organizations | $0 |
| Government grants | $3,837,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $269,070 |
| Noncash contributions included in lines 1a–1f | $45,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,387,718 |
| Total Program Service Revenue | $10,487,748 |
| Investment income | $82,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,162 |
| Net Income from Fundraising Events | -$6,054 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,953,802 |
| 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. | $278,564 |
| Compensation of current officers, directors, key employees. | $215,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,249,313 |
| Pension plan accruals and contributions | $355,056 |
| Other employee benefits | $458,946 |
| Payroll taxes | $312,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,547 |
| Fees for services: Accounting | $42,919 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,989 |
| Advertising and promotion | $14,643 |
| Office expenses | $102,768 |
| Information technology | $260,203 |
| Royalties | $0 |
| Occupancy | $385,176 |
| Travel | $137,459 |
| 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 | $274,200 |
| Insurance | $155,026 |
| All other expenses | $175,746 |
| Total functional expenses | $14,420,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $2,621,725 |
| Pledges and grants receivable | $103,573 |
| Accounts receivable, net | $772,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,582 |
| Prepaid expenses and deferred charges | $366,526 |
| Net Land, buildings, and equipment | $3,481,041 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,374,749 |
| Accounts payable and accrued expenses | $685,921 |
| Grants payable | $0 |
| Deferred revenue | $52,547 |
| 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 | $738,468 |
| Net assets without donor restrictions | $6,621,281 |
| Net assets with donor restrictions | $15,000 |
| 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 | $7,374,749 |