Tarc-Serving People With Disabilities & Their Families
- Assets
- $1.9m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 124
- Location
- Hammond, LA
- Founding
- 05/1974
- Data as of
- 06/2020
- EIN
- 72-0736593
Organization Overview
Tarc-Serving People With Disabilities & Their Families is located in Hammond, LA. The organization was established in 1974. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Tarc-Serving People With Disabilities & Their Families employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tarc-Serving People With Disabilities & Their Families 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 06/2020, Tarc-Serving People With Disabilities & Their Families generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $3.3m during the year ending 06/2020. While expenses have increased by 7.0% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TARC, INC. IS A NONPROFIT CORPORATION WHICH PROVIDES OPPORTUNITIES FOR CHILDREN AND ADULTS WITH DISABILITIES TO REALIZE THEIR FULL POTENTIAL, AND TO BECOME SELF-DIRECTED AND CONTRIBUTING CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SUPPORT SERVICES:PROVIDES HOME AND COMMUNITY-BASED SUPPORT AND SERVICES TO INDIVIDUALS AND FAMILIES WITH DEVELOPMENTAL DISABILITIES. DIRECT SUPPORT PROFESSIONALS PROVIDE PHYSICAL ASSISTANCE TO INDIVIDUALS WITH SPECIAL NEEDS. THE SERVICES INCLUDE HANDS-ON ASSISTANCE WITH DAILY LIVING SKILLS, HYGIENE, HEALTH AND SAFETY NEEDS,AND SOCIALIZATION SKILLS.
EARLY INTERVENTION:SERVES CHILDREN FROM BIRTH TO THREE YEARS OLD WHO ARE ELIGIBLE TO BE AT RISK OR SPECIAL NEED THAT MAY AFFECT THEIR DEVELOPMENT.EARLY INTERVENTION CONSISTS IN THE PROVISION OF SERVICES FOR SUCH CHILDREN AND THEIR FAMILIES FOR THE PURPOSE OF LESSENING THE EFFECTS OF THE CONDITION. EARLY INTERVENTION CAN BE REMEDIAL OR PREVENTIVE IN NATURE--REMEDIATION OF EXISTING DEVELOPMENTAL PROBLEMS OR PREVENTING THEIR OCCURRENCE.
ADULT DAY HABILITATION:TEACHES SKILLS SUCH AS, COMPUTER, LIFE, SAFETY, HEALTH AND WELLNESS, GARDENING, AND COMMUNITY INTEGRATION SKILLS FOR ADULTS WITH SPECIAL NEEDS.
DURABLE MEDICAL EQUIPMENT:THE ORGANIZATION PROVIDES MEDICALLY NECESSARY EQUIPMENT AND SUPPLIES OF A COVERED ILLNESS OR INJURY TO INDIVIDUALS IN NEED. THE EQUIPMENT IS OBTAINED TO ASSIST IN THE IMPROVEMENT OF THE FUNCTION OF THE MALFORMED, DISEASED, OR INJURED BODY PART OR TO DELAY FURTHER DETERIORATION OF A PATIENT'S PHYSICAL CONDITION. ALL EQUIPMENT IS USED TO SERVE A MEDICAL PURPOSE FOR THE APPROPRIATE LEVEL OF PERFORMANCE AND QUALITY FOR THE MEDICAL CONDITION PRESENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Latino CEO | Officer | 40 | $34,410 |
Parker Layrisson President - Elect | OfficerTrustee | 1 | $0 |
Tim Reitz Secretary | OfficerTrustee | 1 | $0 |
Yvonne Vernon Treasurer | OfficerTrustee | 1 | $0 |
Mike Lofaso President | OfficerTrustee | 1 | $0 |
Willie Gibbens Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $570,799 |
| Investment income | $70,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $121,664 |
| Net Income from Gaming Activities | $26,588 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,898,606 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $2,498,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $37,544 |
| Advertising and promotion | $1,540 |
| Office expenses | $7,679 |
| Information technology | $28,911 |
| Royalties | $0 |
| Occupancy | $51,200 |
| Travel | $90,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,654 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,221 |
| Insurance | $24,577 |
| All other expenses | $0 |
| Total functional expenses | $3,303,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $914,353 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,366 |
| Accounts receivable, net | $196,017 |
| 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 | $1,005 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $507,000 |
| Total assets | $1,912,714 |
| Accounts payable and accrued expenses | $192,037 |
| 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 | $117,550 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,000 |
| Total liabilities | $319,587 |
| 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 |
| Total liabilities and net assets/fund balances | $1,593,127 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tarc-Serving People With Disabilities & Their Families has recieved totaling $6,050.
| Awarding Organization | Amount |
|---|---|
Knights Of Columbus Hammond, LA PURPOSE: services for individuals with IDD | $6,050 |
Endowment Analysis
| Beg. Balance | $350,000 |
| Ending Balance | $350,000 |
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|---|---|---|
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Arkansas Enterprises For The Developmentally Disabled Inc Little Rock, AR | $11,004,956 | $14,277,062 |
Military Warriors Support Foundation San Antonio, TX | $26,095,499 | $9,501,589 |
Caritas Of Austin Austin, TX | $7,645,786 | $15,511,664 |
Integrity Inc Little Rock, AR | $13,609,813 | $15,573,168 |
Mission Of Mercy Inc Corpus Christi, TX | $7,577,811 | $11,960,672 |
Life Styles Inc Fayetteville, AR | $7,250,362 | $10,687,117 |
Advo Companies Inc Amarillo, TX | $2,717,648 | $8,744,385 |
Arkansas Family Supports Inc Fort Smith, AR | $6,002,199 | $9,109,380 |
Carc Inc Lake Charles, LA | $11,579,586 | $7,309,580 |
Sherwood & Myrtie Foster Home For Children Stephenville, TX | $11,331,747 | $5,786,613 |
Southwest Louisana Independence Center Inc Lake Charles, LA | $4,269,483 | $6,523,920 |