Bost Inc
- Assets
- $34.8m
- Revenue
- $42.9m
- Investments
- $0.0
- Employees
- 1,132
- Location
- Fort Smith, AR
- Founding
- 02/1981
- Data as of
- 06/2023
- EIN
- 71-0539738
Organization Overview
Bost Inc is located in Fort Smith, AR. The organization was established in 1981. 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, Bost Inc employed 1,132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bost 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 06/2023, Bost Inc generated $42.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $39.7m during the year ending 06/2023. While expenses have increased by 1.8% per year over the past 8 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
CARE, AID & ASSISTANCE OF MENTALLY AND DEVELOPMENTALLY DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAIVER SERVICES: PROVIDES COMMUNITY INTEGRATION AND COMMUNITY LIVING SUPPORT SERVICES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES UNDER MEDICAID FUNDING.
DAY TREATMENT SERVICES (DDTCS): PROVIDES SPECIALIZED HABILITATION DAY PROGRAM AND THERAPIES FOR CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES.
CLINICAL SUPPORT, VOCATIONAL TRAINING,MENTAL HEALTH SERVICES AND PROPERTY MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Young Secretary | OfficerTrustee | 0.1 | $0 |
Dr Kenneth Turner Member | Trustee | 0.1 | $0 |
Tammy Chase Vice President | OfficerTrustee | 0.1 | $0 |
Andre Good Member | Trustee | 0.1 | $0 |
Dr Gary Udouj Member | Trustee | 0.1 | $0 |
Dr Jennifer Johnson Member | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Building Blocks Pediatric Therapy Therapy | 6/29/23 | $316,078 |
Robert Mack Inc Contractors | 6/29/23 | $137,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,499 |
| Related organizations | $0 |
| Government grants | $441,008 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,467 |
| Total Program Service Revenue | $39,874,778 |
| Investment income | $2,600,651 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $173,607 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$375,666 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,856,837 |
| 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 | $29,912,532 |
| Pension plan accruals and contributions | $413,227 |
| Other employee benefits | $1,134,038 |
| Payroll taxes | $2,212,632 |
| Fees for services: Management | $509,897 |
| 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 | $8,618 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,563 |
| Office expenses | $372,039 |
| Information technology | $439,222 |
| Royalties | $0 |
| Occupancy | $1,154,083 |
| Travel | $407,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,908 |
| Interest | $118,695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $622,531 |
| Insurance | $552,272 |
| All other expenses | $320,687 |
| Total functional expenses | $39,738,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,751,349 |
| Savings and temporary cash investments | $6,047,838 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,466,523 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,495 |
| Prepaid expenses and deferred charges | $69,142 |
| Net Land, buildings, and equipment | $9,707,158 |
| Investments—publicly traded securities | $1,449,409 |
| Investments—other securities | $0 |
| Investments—program-related | $1,250,000 |
| Intangible assets | $0 |
| Other assets | $64,975 |
| Total assets | $34,831,889 |
| Accounts payable and accrued expenses | $4,060,325 |
| Grants payable | $0 |
| Deferred revenue | $1,520,705 |
| 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 | $1,999,850 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,206 |
| Total liabilities | $7,631,086 |
| Net assets without donor restrictions | $27,200,803 |
| 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 | $34,831,889 |