Civic Intelligence

Arc Massachusetts Inc

990 • Fiscal year 2018 • EIN 04-2223502

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 22, 2019

217 South StreetWaltham, MA 02453

(781) 891-6270

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

51st percentile

0.09x

Higher debt load relative to assets than 51% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.21x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

88th percentile

$187,788

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

46th percentile

0.1%

Faster asset growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

17th percentile

-15%

Faster revenue growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$3,624,043

Up $3,654 (+0.1%) from 2017

Net Assets

Up

$3,294,442

Up $254,921 (+8.4%) from 2017

Liabilities

Down

$329,601

Down $251,267 (-43%) from 2017

Revenue

Down

$1,545,265

Down $283,117 (-15%) from 2017

Expenses

Up

$1,290,344

Up $135,875 (+12%) from 2017

Net Income

Down

$254,921

Down $418,992 (-62%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $711,707Liabilities 2011: $121,619Net Assets 2011: $590,0882011Assets 2012: $804,175Liabilities 2012: $158,347Net Assets 2012: $645,8282012Assets 2013: $897,435Liabilities 2013: $152,450Net Assets 2013: $744,9852013Assets 2014: $1,129,860Liabilities 2014: $140,174Net Assets 2014: $989,6862014Assets 2015: $1,883,570Liabilities 2015: $93,460Net Assets 2015: $1,790,1102015Assets 2016: $2,503,763Liabilities 2016: $138,155Net Assets 2016: $2,365,6082016Assets 2017: $3,620,389Liabilities 2017: $580,868Net Assets 2017: $3,039,5212017Assets 2018: $3,624,043Liabilities 2018: $329,601Net Assets 2018: $3,294,4422018Assets 2019: $3,611,769Liabilities 2019: $295,262Net Assets 2019: $3,316,5072019Assets 2020: $3,739,942Liabilities 2020: $457,400Net Assets 2020: $3,282,5422020Assets 2021: $3,600,705Liabilities 2021: $134,043Net Assets 2021: $3,466,6622021Assets 2022: $3,658,209Liabilities 2022: $154,874Net Assets 2022: $3,503,3352022Assets 2023: $3,862,587Liabilities 2023: $209,169Net Assets 2023: $3,653,4182023Assets 2024: $4,089,306Liabilities 2024: $287,850Net Assets 2024: $3,801,4562024

Highlighted filing

2018

Assets$3,624,043
Liabilities$329,601
Net Assets$3,294,442

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $650,546Expenses 2011: $663,127Net Income 2011: -$12,5812011Expenses 2012: $653,3412012Revenue 2013: $846,612Expenses 2013: $747,455Net Income 2013: $99,1572013Revenue 2014: $1,114,974Expenses 2014: $870,273Net Income 2014: $244,7012014Revenue 2015: $1,668,963Expenses 2015: $868,539Net Income 2015: $800,4242015Revenue 2016: $1,547,595Expenses 2016: $972,097Net Income 2016: $575,4982016Revenue 2017: $1,828,382Expenses 2017: $1,154,469Net Income 2017: $673,9132017Revenue 2018: $1,545,265Expenses 2018: $1,290,344Net Income 2018: $254,9212018Revenue 2019: $1,439,451Expenses 2019: $1,417,386Net Income 2019: $22,0652019Revenue 2020: $1,443,021Expenses 2020: $1,476,986Net Income 2020: -$33,9652020Revenue 2021: $1,481,455Expenses 2021: $1,441,236Net Income 2021: $40,2192021Revenue 2022: $1,339,146Expenses 2022: $1,302,453Net Income 2022: $36,6932022Revenue 2023: $1,691,583Expenses 2023: $1,541,500Net Income 2023: $150,0832023Revenue 2024: $1,674,908Expenses 2024: $1,543,598Net Income 2024: $131,3102024

Highlighted filing

2018

Revenue$1,545,265
Expenses$1,290,344
Net Income$254,921
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 22, 2019
Return Version
2017v2.2
Gross Receipts
$1,616,740
Mission and Program Overview

Mission

Advocacy & Education on Intellectual and Developmental Disabilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,453,094$1,512,454▲ $59,360
Savings and Temporary Cash Investments$939,429$1,233,698▲ $294,269
Cash and Non-Interest-Bearing Accounts$749,012$476,788▼ $272,224
Investments in Publicly Traded Securities$201,165$238,201▲ $37,036
Pledges and Grants Receivable$189,846$91,865▼ $97,981
Accounts Receivable$77,316$47,386▼ $29,930
Prepaid Expenses and Deferred Charges$10,527$23,651▲ $13,124
Total Assets$3,620,389$3,624,043▲ $3,654
Liabilities
Mortgage Notes Payable Secured by Investment Property$513,555$241,978▼ $271,577
Accounts Payable and Accrued Expenses$67,313$68,363▲ $1,050
Deferred Revenue-$19,260-
Total Liabilities$580,868$329,601▼ $251,267
Net Assets / Fund Balance
Unrestricted Net Assets$2,577,685$2,716,419▲ $138,734
Temporarily Rstr Net Assets$371,676$485,746▲ $114,070
Permanently Rstr Net Assets$90,160$92,277▲ $2,117
Total Net Assets Fund Balance$3,039,521$3,294,442▲ $254,921
Total Liabilities and Net Assets / Fund Balance$3,620,389$3,624,043▲ $3,654

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,387,399$52,738-
Land$12,441--
Equipment$71,469$71,328-
Leasehold Improvements$41,145$4,572-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$8,272---$8,272
2016$8,269-▲ $3-$8,272
2015$8,261-▲ $8-$8,269
2014$8,240-▲ $21-$8,261
2013$8,219-▲ $21-$8,240
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leo SarkissianExec. Director - Non-votingFT$168,253$19,535$187,788
Leo Sarkissian--$168,253$19,535$187,788

Board Members and Trustees

NameTitle
Tracy AtkinsonPast President
Deborah NortonPresident
Scott BorchardtVice President
James CalvinDirector
John NadwornyDirector
Martin CourageDirector
Sean MorrisseyDirector
Subhadeep BasuDirector
Susan LodemoreDirector
Kristin M HilfSecretary
John MallinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,154,788
Program Service Revenue
$125,261
Investment Income
$45,762
Other Revenue
$219,454
All Other Contributions
$712,374
Change in Net Assets
$254,921

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,545,265
Revenue Not Reported on Form 990
$71,475
Total Revenue per Audited Statements
$1,616,740
Total Revenue per Form 990
$1,545,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$725,868
Other Expenses$564,476
Total Fundraising Expense$143,093
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$348,042$20,618$69,156$437,816
Current Officers, Directors, Trustees, and Key Employees$157,701$16,275$13,095$187,071
Office Expenses$50,944$1,600$17,278$69,822
Conferences and Meetings$66,384$0$1,464$67,848
Other Employee Benefits$43,207$2,899$7,737$53,843
Depreciation Depletion$40,818$3,024$6,551$50,393
All Other Expenses$35,559$9,998$4,472$50,029
Payroll Taxes$38,182$2,828$6,128$47,138
Information Technology$22,302$0$0$22,302
Other Expenses$13,558$35$5,815$19,408
Fees for Services Accounting$17,007$0$0$17,007
Travel$16,148$0$109$16,257
Interest$9,928$736$1,593$12,257
Insurance$6,725$1,400$0$8,125
Total Functional Expenses$1,076,055$71,196$143,093$1,290,344

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,361,819
Expenses per Audited Statements$1,290,344
Total Expenses per Form 990$1,290,344
Expenses Not Reported on Form 990$71,475
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$290,929
Fundraising Direct Expenses$71,475
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Dinner$290,929$290,929$33,693$257,236
Total Events$290,929$290,929$71,475$219,454
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Arc Massachusetts Inc
EIN
04-2223502
Phone
7818916270
Address
217 South Street, Waltham, MA 02453
Doing Business As
The Arc of Massachusetts

Signing Officer

Name
Leo Sarkissian
Title
Executive Director
Phone
7818916270
Signed
2019-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leo Sarkissian
Formed
1954
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
10
Volunteers
179

Preparer

Firm
Christopher Jenkins CPA
Address
440 Totten Pond Rd Suite 300, Waltham, MA 02451
Preparer
Christopher W Jenkins
Phone
7813140161
Supplemental Narrative

Additional Explanations

Pt VI, Line 12C

The Board reviews all potential conflicts of interest.

Pt VI, Line 11B

A copy of this Form 990 is distributed to the Board

Pt VI, Line 15A

The Executive Committee , which is independent, reviews and approves compensation

Pt VI, Line 15B

The Executive Committee, which is independent, reviews and approves compensation

Form 990, Part IX, Line 24E

Training and Staff Development 11549. 10558. 200. 791.

Form 990, Part IX, Line 24E

Agency Development 28682. 25001. 0. 3681.

Form 990, Part IX, Line 24E

Other Expenses 9798. 0. 9798. 0.

Financial Statement Notes

Pt XII, Line 2D

Gala Dinner Expenses

Pt XI, Line 2D

Gala Dinner Expenses

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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION PROVIDE INFORMATION ON SERVICES TO FAMILIES, GROUPS AND ORGANIZATIONS SO THEY CAN OBTAIN THE HELP THEY NEED. WE WORK IN COLLABORATION WITH MANY COMMUNITY ORGANIZATIONS TO ENSURE OUTREACH TO OUR CONSTITUENTS.
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0The organization promotes progressive public policy for individuals with intellectual and developmental disabilities and their families. We support bills and budget initiatives, which would advance such policy and services. We do not support political cabdidates or take partisan positions with political parties. We do grass roots advocacy, enpowering constituents and have 18 affiliates across the state which participate as time permits these activities.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.09$0.29$3.80$1.67$1.54$0.13
2023Detailed filing. Detailed filing data is available for this year.$3.86$0.21$3.65$1.69$1.54$0.15
2022Detailed filing. Detailed filing data is available for this year.$3.66$0.15$3.50$1.34$1.30$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.60$0.13$3.47$1.48$1.44$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.74$0.46$3.28$1.44$1.48$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.61$0.30$3.32$1.44$1.42$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.62$0.33$3.29$1.55$1.29$0.25
2017Detailed filing. Detailed filing data is available for this year.$3.62$0.58$3.04$1.83$1.15$0.67
2016Detailed filing. Detailed filing data is available for this year.$2.50$0.14$2.37$1.55$0.97$0.58
2015Detailed filing. Detailed filing data is available for this year.$1.88$0.09$1.79$1.67$0.87$0.80
2014Detailed filing. Detailed filing data is available for this year.$1.13$0.14$0.99$1.11$0.87$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.15$0.74$0.85$0.75$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.16$0.65$0.65
2011Summary only. Only limited summary data is available for this year.$0.71$0.12$0.59$0.65$0.66$0.01