Larc Inc
- Assets
- $12.7m
- Revenue
- $10.7m
- Investments
- $701.1k
- Employees
- 298
- Location
- Lafayette, LA
- Founding
- 07/1969
- Data as of
- 06/2022
- EIN
- 72-0604268
Organization Overview
Larc Inc is located in Lafayette, LA. The organization was established in 1969. 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, Larc Inc employed 298 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larc 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 06/2022, Larc Inc generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $9.2m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PERSONS WITH DEVELOPMENTAL DISABILITIES IN REACHING THEIR GOALS OF SELF SUFFICIENCY, QUALITY OF LIFE AND SELF WORTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL PROGRAM: THE ORGANIZATION PROVIDED WORK TRAINING AND OPPORTUNITIES FOR DEVELOPING RECREATION AND MOTOR SKILLS TO APPROXIMATELY 127 DEVELOPMENTALLY DISABLED PERSONS OVER 21 YEARS OLD.
RESIDENTIAL PROGRAM: THE ORGANIZATION OPERATED 12 GROUP HOMES IN WHICH APPROXIMATELY 85 DEVELOPMENTALLY DISABLED PERSONS OVER 18 YEARS OLD LIVED AND RECEIVED TRAINING IN INDEPENDENT LIVING SKILLS.
COMMUNITY SUPPORTS AND SERVICES PROGRAM: THE ORGANIZATION PROVIDED PERSONAL CARE ATTENDANT SERVICES FOR APPROXIMATELY 8 DEVELOPMENTALLY DISABLED PERSONS AND SUPERVISED INDEPENDENT LIVING SERVICES FOR APPROXIMATELY 22 DEVELOPMENTALLY DISABLED PERSONS.
ACADIAN VILLAGE: THE ORGANIZATION OPERATED A LIVING MUSEUM VISITED BY TOURISTS AND USED BY THE COMMUNITY FOR SPECIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Hensgens Director | 40 | $158,385 | |
Steve Jankower Vice Preside | OfficerTrustee | 1 | $0 |
Mike Baumbach President | OfficerTrustee | 1 | $0 |
Mark Romero Secretary | OfficerTrustee | 1 | $0 |
Terry Mcfillen Past Preside | OfficerTrustee | 1 | $0 |
Paul Molbert Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,719 |
| Fundraising events | $60,179 |
| Related organizations | $106,592 |
| Government grants | $810,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,220,257 |
| Total Program Service Revenue | $9,014,539 |
| Investment income | $319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,371 |
| Net Income from Fundraising Events | $493,422 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,711,166 |
| 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 | $5,328,075 |
| Pension plan accruals and contributions | $33,425 |
| Other employee benefits | $362,333 |
| Payroll taxes | $400,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,456 |
| Fees for services: Accounting | $22,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $264,000 |
| Advertising and promotion | $72,015 |
| Office expenses | $3,552 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $574,294 |
| Travel | $47,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $399 |
| Interest | $107,803 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $478,385 |
| Insurance | $352,017 |
| All other expenses | $346,033 |
| Total functional expenses | $9,246,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $943,252 |
| Savings and temporary cash investments | $483,400 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $966,518 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,760 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,966,346 |
| Investments—publicly traded securities | $1,440,895 |
| Investments—other securities | $701,057 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205,465 |
| Total assets | $12,720,693 |
| Accounts payable and accrued expenses | $351,828 |
| Grants payable | $0 |
| Deferred revenue | $22,890 |
| 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 | $3,706,014 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,080,732 |
| Net assets without donor restrictions | $8,639,961 |
| 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 | $12,720,693 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Larc Inc has recieved totaling $106,592.
| Awarding Organization | Amount |
|---|---|
Larc Foundation Inc Lafayette, LA PURPOSE: LIGHTING PROJECTS | $70,000 |
Larc Foundation Inc Lafayette, LA PURPOSE: 401(K) MATCH | $36,592 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mental Health Mental Retardation Authority Of Brazos Valley Bryan, TX | $8,010,421 | $17,030,112 |
Westside Habilitation Center Alexandria, LA | $32,218,958 | $21,389,124 |
The Arc Caddo-Bossier Shreveport, LA | $19,493,139 | $16,301,333 |
Rainbow Of Challenges Inc Hope, AR | $14,503,982 | $15,809,301 |
Independent Case Management Inc Little Rock, AR | $18,922,194 | $18,125,216 |
Center For Pursuit Houston, TX | $22,962,531 | $33,576,324 |
Lafourche Arc Thibodaux, LA | $16,162,048 | $12,968,489 |
Reach Unlimited Inc Cypress, TX | $12,139,744 | $12,298,895 |
Area Agency On Aging Of West Centra Arkansas Inc Hot Springs, AR | $4,158,765 | $11,333,687 |
Larc Inc Lafayette, LA | $12,720,693 | $10,711,166 |
Terrebonne Arc Houma, LA | $24,519,585 | $9,989,259 |
Options Inc Hammond, LA | $7,174,170 | $10,041,582 |