Carc Inc
- Assets
- $9.5m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 322
- Location
- Carlsbad, NM
- Founding
- 08/1971
- Data as of
- 06/2021
- EIN
- 85-0197103
Organization Overview
Carc Inc is located in Carlsbad, NM. The organization was established in 1971. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2021, Carc Inc employed 322 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carc 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 06/2021, Carc Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $11.1m during the year ending 06/2021. While expenses have increased by 2.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE SERVICES FOR PEOPLE WITH SPECIAL NEEDS THAT ENABLE THEM TO BE ACTIVE CITIZENS, FEEL ACCEPTED AND FIND MEANING IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A WORK AND RESIDENTIAL FACILITY FOR THE REHABILITATION AND CARE OF DEVELOPMENTALLY DISABLED PERSONS. PATIENT DAYS FOR CARC, INC. TOTAL 23,392 FOR THE YEAR ENDED JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Schinnerer CEO | $176,103 | ||
Dr Ned Elkins President | OfficerTrustee | $0 | |
Robert Forrest Sec/treasure | OfficerTrustee | $0 | |
Carolyn Olson Director | OfficerTrustee | $0 | |
Robert Bowen Vice Preside | Trustee | $0 | |
Robbie Chacon Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,028,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $467,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,495,749 |
| Total Program Service Revenue | $9,172,196 |
| Investment income | $5,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $149,367 |
| Net Rental Income | $13,445 |
| Net Gain/Loss on Asset Sales | -$4,990 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $336,476 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,194,382 |
| 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 | $7,015,019 |
| Pension plan accruals and contributions | $111,572 |
| Other employee benefits | $498,531 |
| Payroll taxes | $533,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,268 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175,184 |
| Advertising and promotion | $0 |
| Office expenses | $55,341 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $488,541 |
| Travel | $19,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,490 |
| Interest | $38,545 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $515,991 |
| Insurance | $163,584 |
| All other expenses | $590,930 |
| Total functional expenses | $11,143,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,648,706 |
| Savings and temporary cash investments | $15,804 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $478,775 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $68,790 |
| Prepaid expenses and deferred charges | $83,951 |
| Net Land, buildings, and equipment | $4,123,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,031,868 |
| Total assets | $9,451,276 |
| Accounts payable and accrued expenses | $1,388,471 |
| Grants payable | $0 |
| Deferred revenue | $14,215 |
| 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 | $1,208,052 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $77,017 |
| Total liabilities | $2,687,755 |
| Net assets without donor restrictions | $5,791,694 |
| Net assets with donor restrictions | $971,827 |
| 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 | $9,451,276 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Carc Inc has recieved totaling $403,076.
| Awarding Organization | Amount |
|---|---|
Gods Light In The Darkness Foundation Carlbad, NM PURPOSE: GENERAL PURPOSE | $200,000 |
Tlc Foundation From The Heart Artesia, NM PURPOSE: HEALTH SERVICES | $100,000 |
Forrest Family Foundation Carlsbad, NM PURPOSE: GENERAL FUND | $75,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $20,398 |
Carlsbad Community Foundation Inc Carlsbad, NM | | $7,597 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunny Glen Childrens Home San Benito, TX | $13,498,844 | $44,265,453 |
Buckner Children And Family Services Inc Dallas, TX | $63,214,189 | $46,854,596 |
Developmental Pathways Inc Aurora, CO | $42,520,791 | $44,538,564 |
North Metro Com Svc Westminster, CO | $17,261,944 | $30,106,770 |
Youth Development Inc Albuquerque, NM | $6,538,635 | $31,021,565 |
The Safe Alliance Austin, TX | $11,714,788 | $29,431,817 |
Tresco Inc Las Cruces, NM | $11,408,298 | $25,903,649 |
Ariel Clinical Services Grand Junction, CO | $17,167,119 | $23,237,410 |
Laradon Hall Society For Exceptional Children And Adults Denver, CO | $24,311,430 | $21,206,538 |
Mission Road Developmental Center San Antonio, TX | $26,258,889 | $16,711,904 |
New Horizons Ranch And Center Inc Abilene, TX | $7,433,052 | $14,838,988 |
James L West Presbyterian Special Care Center Fort Worth, TX | $13,990,432 | $11,986,456 |