The Elizabeth Richardson Center Inc
- Assets
- $5.9m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 332
- Location
- Fayetteville, AR
- Founding
- 10/1964
- Data as of
- 06/2021
- EIN
- 71-0355090
Organization Overview
The Elizabeth Richardson Center Inc is located in Fayetteville, AR. The organization was established in 1964. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Elizabeth Richardson Center Inc employed 332 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth Richardson Center 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 06/2021, Elizabeth Richardson Center Inc generated $10.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $10.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE LIVES OF INDIVIDUALS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PROGRAMS TO ENHANCE THE QUALITY OF LIFE FOR INDIVIDUALS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susanne Jackson CFO | Officer | 40 | $70,028 |
Barbara Ludwig CEO | Officer | 40 | $69,716 |
Zarah Reed COO | Officer | 40 | $69,051 |
Natasha Dennis Senior Director Of Adult Services | Officer | 40 | $62,277 |
Amy Bates Board Vice-President | OfficerTrustee | 2 | $0 |
Jim Kennedy Board Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,816,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $354,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,170,981 |
| Total Program Service Revenue | $354,433 |
| Investment income | $11,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$378,470 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,158,731 |
| 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. | $271,072 |
| Compensation of current officers, directors, key employees. | $208,795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,524,853 |
| Pension plan accruals and contributions | $23,773 |
| Other employee benefits | $524,940 |
| Payroll taxes | $443,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,138 |
| Fees for services: Accounting | $45,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,413 |
| Office expenses | $42,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $335,872 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,767 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,376 |
| Insurance | $209,300 |
| All other expenses | $469,473 |
| Total functional expenses | $10,116,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,366,912 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,155,914 |
| 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 | $71,200 |
| Net Land, buildings, and equipment | $2,317,036 |
| Investments—publicly traded securities | $22,316 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,810 |
| Total assets | $5,939,188 |
| Accounts payable and accrued expenses | $842,528 |
| 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 | $76,870 |
| Unsecured mortgages and notes payable | $1,314,318 |
| Other liabilities | $168,724 |
| Total liabilities | $2,402,440 |
| Net assets without donor restrictions | $1,470,105 |
| Net assets with donor restrictions | $2,066,643 |
| 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 | $5,939,188 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Elizabeth Richardson Center Inc has recieved totaling $147.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $147 |
Peer Organizations
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|---|---|---|
Oklahoma Skynet Inc Midwest City, OK | $2,705,940 | $22,911,561 |
Currey Ingram Academy Brentwood, TN | $68,664,811 | $19,766,895 |
Magnolia Community Services Inc Jefferson, LA | $29,222,261 | $19,467,265 |
Moody Endowment Galveston, TX | $686,505,507 | $152,947,665 |
Cares Center Inc Jackson, MS | $2,449,159 | $17,114,688 |
Brighton Center San Antonio, TX | $13,972,344 | $15,692,851 |
The Brookwood Community Inc Brookshire, TX | $8,710,239 | $19,329,578 |
Sunshine Cottage School For Deaf Children San Antonio, TX | $24,153,447 | $11,863,105 |
Burleson St Joseph Health Center Of Caldwell Texas Bryan, TX | $18,400,650 | $13,899,654 |
The Elizabeth Richardson Center Inc Fayetteville, AR | $5,939,188 | $10,158,731 |
Kings Daughters School Of Maury County Tennessee Columbia, TN | $22,315,744 | $10,828,649 |
Draw Academy Incorporated Houston, TX | $4,055,605 | $10,027,350 |