Insight Memory Care Center
- Assets
- $3.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 52
- Location
- Fairfax, VA
- Founding
- 11/1984
- Data as of
- 06/2022
- EIN
- 52-1361974
Organization Overview
Insight Memory Care Center is located in Fairfax, VA. The organization was established in 1984. 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 06/2022, Insight Memory Care Center employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insight Memory Care Center 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 06/2022, Insight Memory Care Center generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 5.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSIGHT MEMORY CARE CENTER (IMCC) IS A NONPROFIT ADULT DAY HEALTH AND RESOURCE CENTER PROVIDING SPECIALIZED CARE, SUPPORT, AND EDUCATION FOR INDIVIDUALS WITH ALZHEIMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADULT DAY HEALTH CENTER PROVIDES A SAFE, ENGAGING, AND THERAPEUTIC ENVIRONMENT FOR INDIVIDUALS WITH MEMORY IMPAIRMENT, SERVING 75 TO 100 INDIVIDUALS EACH YEAR. EARLY STAGE PROGRAMS PROVIDE INNOVATIVE INTERVENTIONS FOR PEOPLE RECENTLY DIAGNOSED WITH ALZHEIMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Irvin Executive Dir. | Officer | 40 | $123,062 |
Arvette Reid President | OfficerTrustee | 1 | $0 |
Tiffani C Moore Vice President | OfficerTrustee | 1 | $0 |
Mark Epstein Secretary | OfficerTrustee | 1 | $0 |
Ken Connelly Treasurer | OfficerTrustee | 1 | $0 |
Sarah Mouser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,021,176 |
| All other contributions, gifts, grants, and similar amounts not included above | $446,870 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,468,046 |
| Total Program Service Revenue | $1,838,088 |
| Investment income | $32,943 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $211,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,550,226 |
| 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. | $123,062 |
| Compensation of current officers, directors, key employees. | $18,398 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,575,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,617 |
| Payroll taxes | $132,383 |
| Fees for services: Management | $0 |
| 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 | $46,870 |
| Advertising and promotion | $0 |
| Office expenses | $24,564 |
| Information technology | $49,307 |
| Royalties | $0 |
| Occupancy | $487,951 |
| Travel | $4,004 |
| 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 | $73,744 |
| Insurance | $28,885 |
| All other expenses | $56,945 |
| Total functional expenses | $2,967,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,200,451 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,670 |
| 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 | $40,805 |
| Net Land, buildings, and equipment | $250,436 |
| Investments—publicly traded securities | $1,552,893 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,718 |
| Total assets | $3,154,973 |
| Accounts payable and accrued expenses | $125,399 |
| 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 | $242,355 |
| Total liabilities | $367,754 |
| Net assets without donor restrictions | $2,727,843 |
| Net assets with donor restrictions | $59,376 |
| 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 | $3,154,973 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Insight Memory Care Center has recieved totaling $19,000.
| Awarding Organization | Amount |
|---|---|
The Joseph E & Marjorie B Jones Foundation Annapolis, MD PURPOSE: MUSIC THERAPY PROGRAM | $15,000 |
Closet Of The Greater Herndon Area Inc Herndon, VA PURPOSE: TO ASSIST MISSION | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Insight Memory Care Center Fairfax, VA | $3,154,973 | $3,550,226 |
Charlotte Neuroscience Association Inc Charlotte, NC | $3,082,037 | $3,290,485 |
Davos Alzheimers Collaborative Inc Washington, DC | $12,443,051 | $14,514,120 |
Alzheimers Tennessee Inc Knoxville, TN | $1,498,748 | $1,957,241 |
Wellmont-Madison House Alzheimers Center Of Upper E Tennessee Johnson City, TN | $591,023 | $808,200 |
Alzheimers & Dementia Services Of Memphis Inc Memphis, TN | $4,866,660 | $2,133,712 |
Alps Adult Day Services Morristown, TN | $2,514,473 | $1,040,545 |
Dementia Alliance Of North Carolina Inc Raleigh, NC | $832,392 | $872,226 |
Rick Sharp Alz Foundation Virginia Beach, VA | $1,126,907 | $702,010 |
David Moore Foundation Charlotte, NC | $54,028 | $236,009 |
Pulaski County Alzheimers Disease Support Group Inc Somerset, KY | $238,189 | $0 |
Blue Bayou Collective Nashville, TN | $17,814 | $0 |