Flying Colors Of Success Inc
- Assets
- $5.3m
- Revenue
- $4.9m
- Investments
- $5.0k
- Employees
- 79
- Location
- Westminster, MD
- Founding
- 01/1992
- Data as of
- 06/2023
- EIN
- 52-1725021
Organization Overview
Flying Colors Of Success Inc is located in Westminster, MD. The organization was established in 1992. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Flying Colors Of Success Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flying Colors Of Success 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, Flying Colors Of Success Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.8m during the year ending 06/2023. While expenses have increased by 2.8% 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
OPERATES GROUP HOMES FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLYING COLORS OF SUCCESS, INC. OPERATES GROUP HOMES FOR APPROXIMATELY 25 RESIDENTIAL PROGRAM INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. EACH GROUP HOME IS STAFFED 24 HOURS A DAY.FLYING COLORS OF SUCCESS, INC. PROVIDES DAY SERVICES TO APPROXIMATELY 8 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Jarkowiec Chairman | OfficerTrustee | 0.5 | $0 |
David L Hogue Treasurer | OfficerTrustee | 0.5 | $0 |
Diana D Armacost Secretary | OfficerTrustee | 0.5 | $0 |
Fred S Hecker Board Member | Trustee | 0.5 | $0 |
Jim Smith Board Member | Trustee | 0.5 | $0 |
Marita Reynolds Board Member | Trustee | 0.5 | $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 | $8,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,015 |
| Total Program Service Revenue | $4,586,194 |
| Investment income | $53,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $241,667 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,929,262 |
| 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. | $363,303 |
| Compensation of current officers, directors, key employees. | $363,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,417,208 |
| Pension plan accruals and contributions | $16,669 |
| Other employee benefits | $274,897 |
| Payroll taxes | $203,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,837 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,306 |
| Advertising and promotion | $415 |
| Office expenses | $38,390 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,752 |
| Travel | $33,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,121 |
| Insurance | $17,656 |
| All other expenses | $14,155 |
| Total functional expenses | $3,797,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,541 |
| Savings and temporary cash investments | $3,825,949 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,394 |
| 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 | $22,356 |
| Net Land, buildings, and equipment | $1,350,373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,489 |
| Total assets | $5,348,102 |
| Accounts payable and accrued expenses | $250,316 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $18,085 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $41,366 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $266,204 |
| Total liabilities | $575,971 |
| Net assets without donor restrictions | $4,772,131 |
| 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 | $5,348,102 |