Athelas Institute Inc
- Assets
- $22.5m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 352
- Location
- Columbia, MD
- Founding
- 09/1982
- Data as of
- 06/2023
- EIN
- 52-1225887
Organization Overview
Athelas Institute Inc is located in Columbia, MD. The organization was established in 1982. 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 06/2023, Athelas Institute Inc employed 352 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athelas Institute 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 06/2023, Athelas Institute Inc generated $15.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $14.9m during the year ending 06/2023. While expenses have increased by 2.4% per year over the past 8 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
PROVIDING OPPORTUNITIES FOR GROWTH AND PERSONAL ACCOMPLISHMENT TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES COMPLIMENTED BY QUALITY SERVICES AND MEANINGFUL COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL PROGRAM - INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES RECEIVE A VARIETY OF RESIDENTIAL SUPPORT, INCLUDING QUALITY HEALTH CARE AND COMMUNITY INTEGRATION. THE RANGE OF SERVICES INCLUDE GROUP HOMES, 3 - 5 PERSONS ALTERNATIVE LIVING UNITS, INDIVIDUAL SUPPORT SERVICES, AND OTHER INDEPENDENT LIVING ARRANGEMENTS. THE ORGANIZATION PROVIDES SERVICES TO APPROXIMATELY 75 INDIVIDUALS.
DAY PROGRAM - INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABLILITIES ATTEND DAY PROGRAMS IN PERSON AND ONLINE THAT TEACH DAILY LIVING SKILLS, VOCATIONAL TRAINING, COMMUNICATION AND SOCIALIZATION SKILLS, OPPORTUNITIES FOR CONTINUED EDUCATION, AND COMMUNITY INCLUSION AND INTEGRATION. THE PROGRAM ALSO INCLUDES THE TRANSPORATION OF THE INDIVIDUALS TO THE DAY SITE FACILITIES. THE ORGANIZATION PROVIDES SERVICES TO APPROXIMATELY 210 INDIVIDUALS.
SUPPORTED EMPLOYMENT PROGRAM - INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABLILITIES ATTEND VOCATIONAL PROGRAMS THAT TEACH SKILLS NECESSARY TO ENTER THE WORKFORCE THROUGH JOB DEVELOPMENT, JOB PLACEMENT, JOB COACHING, ON THE JOB SUPPORT, AS WELL AS COMMUNITY INCLUSION AND INTEGRATION. THE ORGANIZATION PROVIDES SERVICES TO APPROXIMATELY 58 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Lasov Ex. Director (board Member) | OfficerTrustee | 2 | $175,347 |
Chantelle Taylor Executive Director As Of 6/2022 | Officer | 40 | $128,929 |
Ronald Taylor CFO | Officer | 40 | $100,370 |
Victoria Jordan Director Of Residential | 40 | $106,839 | |
Mark Feinberg Board President | OfficerTrustee | 40 | $79,000 |
Robert Fila Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,818 |
| Total Program Service Revenue | $14,857,054 |
| Investment income | $152,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $131,514 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,190,773 |
| 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. | $507,159 |
| Compensation of current officers, directors, key employees. | $507,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,964,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $742,616 |
| Payroll taxes | $750,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,568 |
| Fees for services: Accounting | $50,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,225 |
| Fees for services: Other | $1,263,081 |
| Advertising and promotion | $2,786 |
| Office expenses | $208,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $699,094 |
| Travel | $474,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $621 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $627,254 |
| Insurance | $80,579 |
| All other expenses | $23,770 |
| Total functional expenses | $14,918,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,679,991 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $811,792 |
| 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 | $145,445 |
| Net Land, buildings, and equipment | $10,021,727 |
| Investments—publicly traded securities | $7,673,750 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,162,379 |
| Total assets | $22,495,084 |
| Accounts payable and accrued expenses | $904,572 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $104,706 |
| 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 | $1,483,826 |
| Total liabilities | $2,493,104 |
| Net assets without donor restrictions | $20,001,980 |
| 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 | $22,495,084 |