Earc Inc
- Assets
- $3.2m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 220
- Location
- Edmond, OK
- Founding
- 03/1981
- Data as of
- 06/2023
- EIN
- 73-1100113
Organization Overview
Earc Inc is located in Edmond, OK. The organization was established in 1981. 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 06/2023, Earc Inc employed 220 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Earc 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, Earc Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $5.4m during the year ending 06/2023. While expenses have increased by 5.3% 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
TO PROVIDE A BETTER QUALITY OF LIFE AND GREATER INDEPENDENCE TO ADULTS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT AND RESIDENTIAL CENTERS (EARC) IS OUR NAME, BUT THAT IS ONLY THE BEGINNING OF OUR MISSION. EARC IS MORE THAN A PLACE TO WORK. IT IS MORE THAN A HOME. IT IS A PLACE TO SUCCEED. THE EARC MISSION IS TO PROVIDE A BETTER QUALITY OF LIFE AND ENCOURAGE GREATER INDEPENDENCE TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. OPPORTUNITIES FOR BETTER QUALITY OF LIFE BEGIN IN THE HOME. EARC OFFERS IN-HOME SUPPORT SERVICES AND HAS TWO GROUP HOMES WHERE RESIDENTS LEARN DAILY LIVING SKILLS SUCH AS HOUSEKEEPING, HYGIENE AND BUDGETING. THERE IS ALSO AN INTERMEDIATE CARE FACILITY FOR ADULTS WITH MORE SEVERE DISABILITIES CALLED NOVA CENTRE WHICH HAS 24-HOUR CARE AND TRAINING. EARC HAS OPENED SEVERAL DAILY LIVING SUPPORT HOMES THAT ALSO PROVIDE CONTINUOUS STAFF SERVICES FOR INSTRUCTION AND SUPERVISION. INDEPENDENCE ALSO MEANS EARNING WAGES AND CONTRIBUTING TO THE COMMUNITY. THE TRAILS SHELTERED WORKSHOP IS A FACILITY WHICH OFFERS INDIVIDUALS THE OPPORTUNITY TO LEARN WORK SKILLS AND RECEIVE A PAYCHECK. SOME INDIVIDUALS CAN WORK ALONGSIDE NON-DISABLED WORKERS WITH THE HELP OF A JOB COACH, THROUGH COMMUNITY INTEGRATED EMPLOYMENT. A PLACE TO SEE EARC SUCCESS STORIES IN PROGRESS AND FIND GREAT BARGAINS IS AT ONE OF THE THREE THRIFT STORES IN EDMOND AND GUTHRIE. OUR CLIENTS WORK AT THE STORES LEARNING SKILLS IN RETAIL, CUSTOMER SERVICE AND ORGANIZATION. ALL DONATIONS TO EARC STORES STAY IN THE LOCAL COMMUNITY TO SUPPORT SERVICES. EARC IS AN INSPIRING AGENCY WHERE INDIVIDUALS CAN SEE THEIR ACCOMPLISHMENTS AND FIND PRIDE IN THEIR SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Wells Executive Director | Officer | 40 | $94,334 |
Darla Tipps President | OfficerTrustee | 1 | $0 |
Leah Agers Vice President | OfficerTrustee | 1 | $0 |
Chuck Musgrave Treasurer | OfficerTrustee | 1 | $0 |
Stephanie Hurley Secretary | OfficerTrustee | 1 | $0 |
Marcellius Bell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $70,779 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,890 |
| Total Program Service Revenue | $4,313,924 |
| Investment income | $19,507 |
| 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 | $597,107 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,452,366 |
| 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. | $97,164 |
| Compensation of current officers, directors, key employees. | $10,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,247,279 |
| Pension plan accruals and contributions | $25,179 |
| Other employee benefits | $386,829 |
| Payroll taxes | $266,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $93,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $350 |
| Fees for services: Other | $126,086 |
| Advertising and promotion | $52,953 |
| Office expenses | $25,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $275,491 |
| Travel | $38,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,988 |
| Interest | $574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,587 |
| Insurance | $118,768 |
| All other expenses | $97,515 |
| Total functional expenses | $5,387,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,464 |
| Savings and temporary cash investments | $723,704 |
| Pledges and grants receivable | $70,779 |
| Accounts receivable, net | $600,970 |
| 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 | $48,438 |
| Net Land, buildings, and equipment | $898,783 |
| Investments—publicly traded securities | $543,694 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,278 |
| Total assets | $3,236,110 |
| Accounts payable and accrued expenses | $227,228 |
| Grants payable | $0 |
| Deferred revenue | $280 |
| 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 | $0 |
| Total liabilities | $227,508 |
| Net assets without donor restrictions | $2,872,856 |
| Net assets with donor restrictions | $135,746 |
| 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 | $3,236,110 |