Terrebonne Arc
- Assets
- $26.8m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 226
- Location
- Houma, LA
- Founding
- 02/1972
- Data as of
- 06/2022
- EIN
- 72-0551658
Organization Overview
Terrebonne Arc is located in Houma, LA. The organization was established in 1972. 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 06/2022, Terrebonne Arc employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terrebonne Arc 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 06/2022, Terrebonne Arc generated $11.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $9.6m during the year ending 06/2022. While expenses have increased by 1.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HABILITATION, CARE AND HOUSING OF PEOPLE WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES
Describe the Organization's Program Activity:
ADULT WORKSHOP PROGRAM - TRAINS PEOPLE WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES IN TERREBONNE PARISH IN WORK AND SELF-CARE SKILLS. CURRENTLY SERVES CLIENTS OVER THE AGE OF 21.
RESIDENTIAL SERVICES PROGRAM - HOUSES WORKSHOP CLIENTS WITH VARYING DEGREES OF INDEPENDENCE. INCLUDED IN THIS PROGRAM ARE THREE GROUP HOMES, AN INDEPENDENT APARTMENT LIVING SECTION AND A TEMPORARY CARE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Watkins President | OfficerTrustee | 0 | $0 |
Tracy Schwab Vice-President | OfficerTrustee | 0 | $0 |
Larry Pete Treasurer | OfficerTrustee | 0 | $0 |
Mike Allemand Secretary | OfficerTrustee | 0 | $0 |
Donell Donaldson Director | Trustee | 0 | $0 |
Ruthanne Gallagher MD Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,390 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,300,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,339,520 |
| Total Program Service Revenue | $5,035,864 |
| Investment income | $31,964 |
| 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 | $11,294,794 |
| 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. | $288,630 |
| Compensation of current officers, directors, key employees. | $288,630 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,565,482 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,281,928 |
| Payroll taxes | $314,009 |
| 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 | $97,111 |
| Advertising and promotion | $1,551 |
| Office expenses | $701,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,523 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $654,937 |
| Insurance | $484,089 |
| All other expenses | $472,829 |
| Total functional expenses | $9,633,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,142,439 |
| Savings and temporary cash investments | $2,500,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $272,635 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $148,065 |
| Prepaid expenses and deferred charges | $51,163 |
| Net Land, buildings, and equipment | $10,688,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,803,284 |
| Accounts payable and accrued expenses | $590,779 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $195,505 |
| Total liabilities | $786,284 |
| Net assets without donor restrictions | $0 |
| 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 | $26,017,000 |
| Total liabilities and net assets/fund balances | $26,803,284 |