Association For Retarded Citizens Cherokee-Clay Inc
- Assets
- $244.1k
- Revenue
- $781.3k
- Investments
- $0.0
- Employees
- 10
- Location
- Murphy, NC
- Founding
- 08/1987
- Data as of
- 06/2022
- EIN
- 56-1442233
Organization Overview
Association For Retarded Citizens Cherokee-Clay Inc is located in Murphy, NC. The organization was established in 1987. 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 06/2022, Association For Retarded Citizens Cherokee-Clay Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Retarded Citizens Cherokee-Clay 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, Association For Retarded Citizens Cherokee-Clay Inc generated $781.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $817.9k during the year ending 06/2022. While expenses have increased by 4.9% 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
GROUP HOMES FOR DEVELOPMENTALLY CHALLENGED INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROUP HOMES FOR DEVELOPMENTALLY CHALLENGED INDIVIDUALS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandy Farmer Secretary | Officer | 2 | $0 |
Brenda Gardner Treasurer | Officer | 2 | $0 |
Price Stiles President | Officer | 5 | $0 |
David Cowen Vice-President | Officer | 2 | $0 |
Jacob Cresmen Executive Director | Officer | 40 | $0 |
Barry Mcclure Member | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $777,771 |
| Investment income | $3,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $781,314 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $410,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,539 |
| Payroll taxes | $31,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $163 |
| Office expenses | $2,794 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,114 |
| Travel | $16,878 |
| 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 | $27,216 |
| Insurance | $18,926 |
| All other expenses | $5,384 |
| Total functional expenses | $817,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,725 |
| 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 | $14,793 |
| Net Land, buildings, and equipment | $70,461 |
| Investments—publicly traded securities | $40,518 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $244,067 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,040 |
| 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 | $3,274 |
| Total liabilities | $4,314 |
| Net assets without donor restrictions | $239,753 |
| 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 | $244,067 |
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