The Arc Montgomery
- Assets
- $8.3m
- Revenue
- $4.2m
- Investments
- $61.2k
- Employees
- 197
- Location
- Montgomery, AL
- Founding
- 02/1965
- Data as of
- 09/2023
- EIN
- 63-0418302
Organization Overview
The Arc Montgomery is located in Montgomery, AL. The organization was established in 1965. 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 09/2023, Arc Montgomery employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arc Montgomery 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 09/2023, Arc Montgomery generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $5.7m during the year ending 09/2023. 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 PROMOTE THE GENERAL WELFARE OF INTELLECTUALLY DISABLED CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVING FACILITIES FOR APPROXIMATELY 40 MENTALLY RETARDED CLIENTS.
DEVELOPMENTAL TRAINING FOR APPROXIMATELY 230 MENTALLY RETARDED CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hanan President | OfficerTrustee | 1 | $0 |
Tom Adams Vice President | OfficerTrustee | 1 | $0 |
Ann Riddle Treasurer | OfficerTrustee | 1 | $0 |
Ann Berry Board Member | Trustee | 1 | $0 |
Gerald R Boone Board Member | Trustee | 1 | $0 |
Steve Lander Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,489 |
| Membership dues | $22 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,502,007 |
| 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 | $3,517,518 |
| Total Program Service Revenue | $240,101 |
| Investment income | $154,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,448 |
| 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 | $4,206,580 |
| 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. | $70,707 |
| Compensation of current officers, directors, key employees. | $70,707 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,099,289 |
| Pension plan accruals and contributions | $11,698 |
| Other employee benefits | $130,852 |
| Payroll taxes | $282,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,540 |
| Fees for services: Accounting | $130,102 |
| 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 | $197,791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $538,528 |
| Travel | $222,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,281 |
| Interest | $228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,844 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,733,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539,046 |
| Savings and temporary cash investments | $5,513,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $834,940 |
| 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 | $18,453 |
| Net Land, buildings, and equipment | $1,335,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $61,214 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,302,300 |
| Accounts payable and accrued expenses | $244,829 |
| 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 | $1,159,199 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,404,028 |
| Net assets without donor restrictions | $6,898,272 |
| 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 | $8,302,300 |