Lcps Management Inc
- Assets
- $4.0m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Ponte Vedra Beach, FL
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 59-3474336
Organization Overview
Lcps Management Inc is located in Ponte Vedra Beach, FL. The organization was established in 1998. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Lcps Management Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lcps Management 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 12/2023, Lcps Management Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 9 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
TO PROVIDE OPERATIONAL MANAGEMENT SERVICES TO CONTINUING CARE RETIREMENT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT SUPPORT SERVICES PROVIDED TO AFFILIATED 501(C)(3) ORGANIZATIONS: LIFE CARE PONTE VEDRA, INC. AND LEND AN EAR OUTREACH, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Henderson Chairman | OfficerTrustee | 2 | $0 |
Jim Clark Board Member | Trustee | 1 | $0 |
Melissa Turner Board Member | Trustee | 1 | $0 |
Timothy Buskirk Board Member | Trustee | 1 | $0 |
Todd Hickey Board Member | Trustee | 1 | $0 |
Tom Frankland Board Member | Trustee | 1 | $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 | $3,401,103 |
| Investment income | $35,112 |
| 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 | $3,436,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $1,273,890 |
| Compensation of current officers, directors, key employees. | $697,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $788,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,567 |
| Payroll taxes | $122,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,497 |
| Fees for services: Accounting | $67,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,275 |
| Travel | $5,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,832 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,448,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,758,564 |
| Savings and temporary cash investments | $1,250,631 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $935,828 |
| 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 | $12,931 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,957,954 |
| Accounts payable and accrued expenses | $207,881 |
| Grants payable | $0 |
| Deferred revenue | $935,828 |
| 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 | $4,207 |
| Total liabilities | $1,147,916 |
| Net assets without donor restrictions | $2,810,038 |
| 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 | $3,957,954 |
Grants Awarded
Over the last fiscal year, Lcps Management Inc has awarded $17,229 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LEND AN EAR OUTREACH PURPOSE: FREE/DISCOUNTED HEARING AIDS FOR FINANCIALLY DISTRESSED | $8,615 |
VICAR'S LANDING PURPOSE: EMERGENCY ASSISTANCE FOR EMPLOYEES | $4,307 |
MEMBERS TRUST OF VICAR'S LANDING PURPOSE: SCHOLARSHIPS FOR EMPLOYEES | $4,307 |