Larc Inc
- Assets
- $3.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 165
- Location
- Fort Myers, FL
- Founding
- 07/1962
- Data as of
- 09/2021
- EIN
- 59-0968911
Organization Overview
Larc Inc is located in Fort Myers, FL. The organization was established in 1962. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 09/2021, Larc Inc employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larc 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 09/2021, Larc Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.6m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING AND INSTRUCTION OF DEVELOPMENTALLY DISABLED CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT DAY TRAINING PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.
COMMUNITY SUPPORT SERVICES PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.
RESIDENTIAL GROUP HOMES PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.
ADULT DAY TRAINING PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.
COMMUNITY SUPPORT SERVICES PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.
RESIDENTIAL GROUP HOMES PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Lewis Exec Dir (re | Officer | 40 | $109,620 |
Angela Katz Executive Di | Officer | 40 | $62,090 |
Stephen Mcbane Secretary | OfficerTrustee | 0.4 | $0 |
Austin Clinton President | OfficerTrustee | 0.4 | $0 |
Bonnie Bolton Treasurer | OfficerTrustee | 0.4 | $0 |
Peter D'alessandro President | OfficerTrustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $260,500 |
| Membership dues | $1,570 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,609,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $802,785 |
| Noncash contributions included in lines 1a–1f | $45,772 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,674,300 |
| Total Program Service Revenue | $199,456 |
| Investment income | $482 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,355 |
| Net Income from Fundraising Events | $70,565 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $47,153 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,234,474 |
| 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. | $133,552 |
| Compensation of current officers, directors, key employees. | $26,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,522,407 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $210,183 |
| Payroll taxes | $122,258 |
| 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 | $47,927 |
| Advertising and promotion | $9,652 |
| Office expenses | $46,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,106 |
| Travel | $18,260 |
| 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 | $91,075 |
| Insurance | $200,032 |
| All other expenses | $14,331 |
| Total functional expenses | $2,646,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,143 |
| Savings and temporary cash investments | $1,394,056 |
| Pledges and grants receivable | $226,235 |
| Accounts receivable, net | $38,690 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,003 |
| Prepaid expenses and deferred charges | $47,432 |
| Net Land, buildings, and equipment | $1,222,611 |
| Investments—publicly traded securities | $2,756 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,210 |
| Total assets | $2,962,136 |
| Accounts payable and accrued expenses | $224,053 |
| 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 | $195,731 |
| Total liabilities | $419,784 |
| Net assets without donor restrictions | $2,219,535 |
| Net assets with donor restrictions | $322,817 |
| 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 | $2,962,136 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Larc Inc has recieved totaling $476,052.
| Awarding Organization | Amount |
|---|---|
United Way Of Lee County Inc Fort Myers, FL PURPOSE: Allocation for General Support | $263,750 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $111,783 |
Southwest Florida Community Foundation Inc Fort Myers, FL PURPOSE: SPECIFIC PROGRAM | $26,000 |
Grampys Charities New London, CT PURPOSE: UNRESTRICTED DONATION | $16,000 |
John E & Aliese Price Foundation Inc Fort Myers, FL PURPOSE: SECURITY SYSTEM | $15,000 |
Fred & Jean Allegretti Foundation Inc Fort Myers, FL PURPOSE: SPECIAL POPULATION SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Coast Workforce Development Inc Fleming Island, FL | $3,324,303 | $15,945,752 |
Careersource Palm Beach County Inc West Palm Beach, FL | $2,317,114 | $14,436,935 |
Careersource Florida Inc Tallahassee, FL | $11,274,205 | $13,537,394 |
Southwest Alabama Partnership For Training And Employment Inc Mobile, AL | $2,770,516 | $12,222,275 |
Tech Alabama Birmingham, AL | $26,385,584 | $28,965,281 |
Southwest Florida Workforce Development Board Inc Fort Myers, FL | $6,992,908 | $10,165,135 |
Worknet Pinellas Inc Clearwater, FL | $1,995,144 | $7,597,320 |
Employu Inc Casselberry, FL | $5,383,927 | $11,177,844 |
Workforce Development Board Of Flagler And Volusia Counties Inc Daytona Beach, FL | $2,463,348 | $8,211,477 |
Citrus Levy Marion Regional Workforce Development Board Inc Ocala, FL | $1,453,598 | $7,509,133 |
Oic Of South Florida Inc Fort Lauderdale, FL | $1,014,122 | $6,787,267 |
Shoals Committee On Program & Employment For Mental Retardation Florence, AL | $3,365,103 | $6,331,410 |