Arvac Inc
- Assets
- $9.7m
- Revenue
- $20.9m
- Investments
- $0.0
- Employees
- 273
- Location
- Dardanelle, AR
- Founding
- 05/1967
- Data as of
- 06/2021
- EIN
- 71-0386402
Organization Overview
Arvac Inc is located in Dardanelle, AR. The organization was established in 1967. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 06/2021, Arvac Inc employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arvac 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, Arvac Inc generated $20.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $18.4m during the year ending 06/2021. While expenses have increased by 28.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AREA CAP AGENCY TO MANAGE PROGRAMS THAT PROVIDE SERVICES TO LOW INCOME INDIVIDUALS AND INDIVIDUALS WITH DRUG AND ALCOHOL DEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CSBG HEAP & OTHER - PROVIDE REFERRERALS AND SERVICES FOR LOW INCOME PERSONS FOR ENERGY ASSISTANCE, PROVIDE FOOD AND SHLETER, COUNCELING AND AID ALCOHOL. RESIDENTIAL RECOVERY CENTER FOR ALCOHOLIC AND DRUG DEPENDENT MENT AND WOMENT WHO LIVE IN CENTER FOR 30 DAYS AND THEN RECEIVE OUT-PATIENT CARE. HEAD START - PROVIDE COMPREHENSIVE EARLY CHILDHOOD EDUCATION, HEALTH, NUTRITION, AND PARENT INVOLVEMENT SERVICES TO LOW-INCOME CHILDREN AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cody Black Treasurer | OfficerTrustee | 1 | $0 |
Cindy Bowman Secretary | OfficerTrustee | 1 | $0 |
Clayton Caldwell Vice Preside | OfficerTrustee | 1 | $0 |
Scott Dorminy President | OfficerTrustee | 1 | $0 |
Jackie Atchison Board Member | Trustee | 1 | $0 |
Rickey Bowman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,218,170 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,242,855 |
| Noncash contributions included in lines 1a–1f | $2,218,156 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,461,025 |
| Total Program Service Revenue | $463,734 |
| Investment income | $1,312 |
| 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 | $20,926,071 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,351,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $679,883 |
| Payroll taxes | $505,390 |
| 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 | $1,892,478 |
| Advertising and promotion | $38,204 |
| Office expenses | $48,616 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,085,282 |
| Travel | $9,854 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270,238 |
| Interest | $41,575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,899 |
| Insurance | $143,162 |
| All other expenses | $1,190,214 |
| Total functional expenses | $18,379,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,014,683 |
| Savings and temporary cash investments | $78,307 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,636,880 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $253,754 |
| Prepaid expenses and deferred charges | $3,103 |
| Net Land, buildings, and equipment | $6,755,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,742,148 |
| Accounts payable and accrued expenses | $729,691 |
| 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 | $2,459,543 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,189,234 |
| Net assets without donor restrictions | $6,552,914 |
| 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 | $9,742,148 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arvac Inc has recieved totaling $386.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $386 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharing Life Community Outreach Inc Mesquite, TX | $2,053,373 | $25,973,083 |
Food Bank Of Northeast Arkansas Jonesboro, AR | $15,669,571 | $22,965,303 |
Arvac Inc Dardanelle, AR | $9,742,148 | $20,926,071 |
Community Services League Of Jackson County Independence, MO | $10,715,608 | $18,545,815 |
Galveston County Food Bank Texas City, TX | $6,843,848 | $17,758,776 |
Caritas Of Waco Waco, TX | $6,458,652 | $16,290,870 |
Metrocrest Services Farmers Branch, TX | $16,311,455 | $22,147,837 |
Missouri Valley Community Action Agency Marshall, MO | $8,413,322 | $11,809,512 |
Hca Hope Fund Nashville, TN | $21,200,285 | $11,328,129 |
Memorial Assistance Ministries Inc Houston, TX | $12,620,656 | $8,704,582 |
Graceworks Ministries Inc Franklin, TN | $5,757,602 | $9,107,244 |
Community Action Agency Of Greater Kansas City Kansas City, MO | $3,181,804 | $8,038,211 |