The Arc Of The Mid-South
- Assets
- $1.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 97
- Location
- Memphis, TN
- Founding
- 06/1962
- Data as of
- 06/2023
- EIN
- 62-0673808
Organization Overview
The Arc Of The Mid-South is located in Memphis, TN. The organization was established in 1962. 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 The Mid-South employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arc Of The Mid-South 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 The Mid-South generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. 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
THE ARC OF THE MID-SOUTH IS DEDICATED TO EMPOWERING PEOPLE WITH DEVELOPMENTAL DISABILITIES TO ACHIEVE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY SERVICES INCLUDING MARC CAMP, SPECIAL CAMP FOR CHILDREN WITH DISABILITIES, SITTER SERVICES, AND JOB PLACEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Booker President | OfficerTrustee | 5 | $0 |
Corey T Young Treasurer | OfficerTrustee | 5 | $0 |
Andrea Goodman Secretary | OfficerTrustee | 5 | $5,000 |
Diane Austin Director | Trustee | 5 | $0 |
Shirley P Cobbins Director | Trustee | 5 | $0 |
Judge Kathleen Gomes Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,496 |
| Membership dues | $461 |
| Fundraising events | $54,246 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,235 |
| Noncash contributions included in lines 1a–1f | $15,910 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,438 |
| Total Program Service Revenue | $2,487,530 |
| Investment income | $2,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,557 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,588,830 |
| 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. | $105,319 |
| Compensation of current officers, directors, key employees. | $10,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,877,666 |
| Pension plan accruals and contributions | $19,237 |
| Other employee benefits | $40,403 |
| Payroll taxes | $152,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,090 |
| Office expenses | $9,631 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,700 |
| Travel | $37,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,261 |
| Insurance | $41,994 |
| All other expenses | $5,337 |
| Total functional expenses | $2,535,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,913 |
| Savings and temporary cash investments | $850,355 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,774 |
| 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 | $8,484 |
| Net Land, buildings, and equipment | $15,933 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,423 |
| Total assets | $1,317,882 |
| Accounts payable and accrued expenses | $109,862 |
| 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 | $27,561 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $173,470 |
| Total liabilities | $310,893 |
| Net assets without donor restrictions | $1,006,989 |
| 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 | $1,317,882 |