The Arc Of South Carolina
- Assets
- $3.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 52
- Location
- Cayce, SC
- Founding
- 02/1966
- Data as of
- 06/2023
- EIN
- 57-0422304
Organization Overview
The Arc Of South Carolina is located in Cayce, SC. The organization was established in 1966. 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, Arc Of South Carolina employed 52 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Arc Of South Carolina 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, Arc Of South Carolina generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 22.1% 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
SUPPORT ALL INDIVIDUALS WITH SPECIAL NEEDS TO ACHIEVE RECOGNITION AND ACCEPTANCE AS VALUED MEMBERS OF THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT AND HELP ALL INDIVIDUALS WITH SPECIAL NEEDS TO ACHIEVE RECOGNITION AND ACCEPTANCE AS VALUED MEMBERS OF THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margie Moore-Williamson Executive Di | Officer | 40 | $96,831 |
Kappy Carter Board Member | Trustee | 2 | $0 |
Matthew Gregg Board Member | Trustee | 2 | $0 |
Dave Moen Board Member | Trustee | 2 | $0 |
Padgett Mozingo Board Member | Trustee | 2 | $0 |
Walter Riggs Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $160,399 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,888 |
| Total Program Service Revenue | $3,002,861 |
| Investment income | $33,447 |
| 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 | $3,231,430 |
| 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 | $1,574,460 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $141,091 |
| Payroll taxes | $0 |
| 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 | $60,804 |
| Advertising and promotion | $0 |
| Office expenses | $1,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,600 |
| Travel | $97,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,794 |
| Insurance | $55,850 |
| All other expenses | $25,203 |
| Total functional expenses | $2,127,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,631,401 |
| Savings and temporary cash investments | $1,500,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,351 |
| 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 | $19,937 |
| Net Land, buildings, and equipment | $60,032 |
| Investments—publicly traded securities | $330,492 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $999 |
| Other assets | $1,525 |
| Total assets | $3,700,737 |
| Accounts payable and accrued expenses | $101,381 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,763 |
| 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 | $1,057 |
| Total liabilities | $105,201 |
| Net assets without donor restrictions | $3,575,536 |
| Net assets with donor restrictions | $20,000 |
| 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 | $3,700,737 |