Carobell Inc
- Assets
- $3.6m
- Revenue
- $7.8m
- Investments
- $67.2k
- Employees
- 183
- Location
- Hubert, NC
- Founding
- 11/1970
- Data as of
- 06/2022
- EIN
- 56-0936909
Organization Overview
Carobell Inc is located in Hubert, NC. The organization was established in 1970. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Carobell Inc employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carobell 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 06/2022, Carobell Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 2.4% 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
OPERATES TWO VOCATIONAL CENTERS, AND SIX ICF-MR HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INTERMEDIATE CARE FACILITY IS A LICENSED FACILITY THAT PROVIDES CARE AND TREATMENT FOR INDIVIDUALS WITH MENTAL RETARDATION AND CERTAIN DEVELOPMENTAL DISABILITIES. ITS PRIMARY PURPOSE IS TO PROVIDE HEALTH AND REHABILITATION SERVICES TO INDIVIDUALS WITH MENTAL RETARDATION OR RELATED CONDITIONS RECEIVING CARE AND SERVICES UNDER THE MEDICAID PROGRAM. THE PROGRAM OPERATES FIVE SIX-BED AND ONE EIGHT-BED COMMUNITY RESIDENTIAL AND ICF/MR FACILITIES. IT RECOGNIZES THE DEVELOPMENTAL, SOCIAL AND BEHAVIORAL NEEDS OF INDIVIDUALS WITH MENTAL RETARDATION THAT LIVE IN A RESIDENTAL SETTING BY REQUIRING EACH INDIVIDUAL TO RECEIVE ACTIVE TREATMENT. ACTIVE TREATMENT MEANS THE AGGRESSIVE, CONSISTENT IMPLEMENTATION OF A PROGRAM OF SPECIALIZED AND GENERIC TRAINING, TREATMENT, HEALTH AND RELATED SERVICES DIRECTED TOWARD THE ACQUISITION OF THE BEHAVIORS NECESSARY FOR AN INDIVIDUAL TO FUNCTION WITH AS MUCH SELF-DETERMINATION AND INDEPENDENCE AS POSSIBLE. IT INCLUDES THE PREVENTION OR DECELERATION OF REGRESSION OR LOSS OF CURRENT OPTIMAL FUNCTIONAL STATUS.
THE ADULT DAY VOCATIONAL PROGRAM SERVES 74 PARTICIPANTS. THIS SERVICE PROVIDES VOCATIONAL TRAINING AND DEVELOPMENT ACTIVITIES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. EACH INDIVIDUAL IS ASSISTED IN ATTAINING HIS OR HER HIGHEST POTENTIAL OF SELF SUFFICIENCY AND INDEPENDENCE. SOME SERVICES OFFERED INCLUDE: TRAINING AND COMMUNITY INTEGRATION, VOCATIONAL, SOCIALIZATION, COMMUNICATION AND INDEPENDENT LIVING SKILLS. OTHER SERVICES INCLUDE PRE-VOCATIONAL SERVICES, HORTICULTURE AND WOODSHOP SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Ervin CEO | OfficerTrustee | 40 | $175,997 |
Jamie Worrell Board Member | Trustee | 1 | $0 |
Paula Harris Board Member | Trustee | 1 | $0 |
Kathleen Mcmillan Board Member | Trustee | 1 | $0 |
George Reynolds Board Member | Trustee | 5 | $0 |
Scott Riggs Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,255,141 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,265,677 |
| Total Program Service Revenue | $6,337,998 |
| Investment income | $2,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,071 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,779,655 |
| 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. | $182,735 |
| Compensation of current officers, directors, key employees. | $182,735 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,798,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $470,603 |
| Payroll taxes | $285,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $94,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,508 |
| Office expenses | $11,242 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,274 |
| Interest | $7,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,603 |
| Insurance | $65,596 |
| All other expenses | $644,499 |
| Total functional expenses | $6,362,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675 |
| Savings and temporary cash investments | $1,185,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,493,959 |
| 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 | $66,514 |
| Net Land, buildings, and equipment | $744,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $67,152 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,600 |
| Total assets | $3,615,443 |
| Accounts payable and accrued expenses | $448,678 |
| 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 | $134,480 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,600 |
| Total liabilities | $640,758 |
| Net assets without donor restrictions | $2,974,685 |
| 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 | $3,615,443 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carobell Inc has recieved totaling $1,091.
| Awarding Organization | Amount |
|---|---|
Ella And Les Swindell Foundation Mebane, NC PURPOSE: HEALTH AND HUMAN SERVICES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Endowment Analysis
| Beg. Balance | $78,313 |
| Earnings | -$10,399 |
| Admin Expense | $762 |
| Ending Balance | $67,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inreach Charlotte, NC | $7,913,848 | $23,092,110 |
Childrens Hope Alliance Barium Springs, NC | $38,599,237 | $18,471,668 |
Holston United Methodist Home For Children Inc Greeneville, TN | $27,641,839 | $16,110,226 |
Mur-Ci Homes Inc Antioch, TN | $9,901,370 | $14,568,313 |
Thornwell Clinton, SC | $68,857,237 | $15,147,057 |
Connie Maxwell Childrens Home Greenwood, SC | $133,286,632 | $13,776,005 |
Progress Inc Nashville, TN | $6,116,091 | $11,389,774 |
Comserv Inc Lenoir, NC | $7,960,502 | $13,511,547 |
United Cerebral Palsy Of South Carolina Inc Atlanta, GA | $9,682,843 | $13,275,605 |
Jackson Feild Homes Incorporated Jarratt, VA | $3,320,402 | $10,783,518 |
Umar Services Inc Charlotte, NC | $7,962,133 | $8,938,499 |
Horizons Residential Care Center Inc Rural Hall, NC | $8,329,986 | $8,523,055 |