Liabilities / Assets
77th percentile
Higher debt load relative to assets than 77% of similar nonprofits.
EIN 56-0745766 • 501(c)3 • Greensboro, NC
Profile
The Arc of Greensboro is committed to identifying and securing life-long opportunities for children & adults with intellectual & developmental disabilities. Through advocacy, services, programs, and education,The Arc supports individuals & their families in choosing options that lead to productive & satisfying lives.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
77th percentile
Higher debt load relative to assets than 77% of similar nonprofits.
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
9th percentile
Higher net margin than 9% of similar nonprofits.
Top Officer Pay
66th percentile
Higher top officer pay than 66% of similar nonprofits.
Top officer pay equals 15.0% of source-year revenue.
Asset Growth
17th percentile
Faster asset growth than 17% of similar nonprofits.
Revenue Growth
11th percentile
Faster revenue growth than 11% of similar nonprofits.
Assets
Up$2,357,822
Up $90,907 (+4.0%) from 2023
Liabilities
Down$841,281
Down $65,917 (-7.3%) from 2023
Net Assets
Up$1,516,541
Up $156,824 (+12%) from 2023
Revenue
Up$926,549
Up $98,555 (+12%) from 2023
Expenses
Up$874,121
Up $59,994 (+7.4%) from 2023
Net Income
Up$52,428
Up $38,561 (+278%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The Arc of Greensboro is committed to identifying and securing life-long opportunities for children & adults with intellectual & developmental disabilities. Through advocacy, services, programs, and education,The Arc supports individuals & their families in choosing options that lead to productive & satisfying lives.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $1,099,314 | $1,174,794 | ▲ $75,480 |
| Savings and Temporary Cash Investments | $104,908 | $244,683 | ▲ $139,775 |
| Land, Buildings, and Equipment, Net | $82,099 | $73,860 | ▼ $8,239 |
| Pledges and Grants Receivable | $60,000 | $67,000 | ▲ $7,000 |
| Accounts Receivable | $33,190 | $17,306 | ▼ $15,884 |
| Inventories for Sale or Use | $8,837 | $14,087 | ▲ $5,250 |
| Prepaid Expenses and Deferred Charges | $16,674 | $13,876 | ▼ $2,798 |
| Cash and Non-Interest-Bearing Accounts | $32,112 | $5,964 | ▼ $26,148 |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Total Assets | $2,266,915 | $2,357,822 | ▲ $90,907 |
| Other Assets Total | $829,781 | $746,252 | ▼ $83,529 |
| Liabilities | |||
| Other Liabilities | $841,129 | $766,538 | ▼ $74,591 |
| Mortgage Notes Payable Secured by Investment Property | $776 | $31,741 | ▲ $30,965 |
| Accounts Payable and Accrued Expenses | $65,293 | $30,752 | ▼ $34,541 |
| Deferred Revenue | - | $12,250 | - |
| Total Liabilities | $907,198 | $841,281 | ▼ $65,917 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $1,013,519 | $1,074,839 | ▲ $61,320 |
| Net Assets Without Donor Restrictions | $346,198 | $441,702 | ▲ $95,504 |
| Total Net Assets Fund Balance | $1,359,717 | $1,516,541 | ▲ $156,824 |
| Total Liabilities and Net Assets / Fund Balance | $2,266,915 | $2,357,822 | ▲ $90,907 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $62,939 | $6,889 | $69,828 |
| Equipment | $10,921 | $55,965 | $66,886 |
| Other Assets Org | $746,252 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $944,136 | - | ▲ $111,574 | $39,145 | $1,002,231 |
| 2022 | $890,313 | - | ▲ $107,077 | $39,581 | $944,136 |
| 2021 | $1,110,600 | - | ▼ $166,108 | $38,971 | $890,313 |
| 2020 | $908,871 | - | ▲ $254,970 | $38,612 | $1,110,600 |
| 2019 | $986,496 | - | ▼ $25,670 | $38,954 | $908,871 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Lindy Perry-Garnette | Executive Director | FT | $83,680 | $9,309 | $92,989 |
| Name | Title |
|---|---|
| Jim Whiting | Past President |
| Barri Maxwell | President |
| Kevin Carr | President-Elect |
| Robert Hickling | Vice President |
| David Mandel | Director |
| Larry Bailey | Director |
| Monica Giffuni | Director |
| Rhonda Draper | Director |
| Rita Jennings | Director |
| Romaine Boyd | Director |
| Shelley Mason | Director |
| Wanda Walker | Director |
| Wilmot C Jones III | Director |
| Maureen Murray | Secretary |
| Lorin Hartley | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $569,658 |
| Other Expenses | $304,463 |
| Total Fundraising Expense | $23,691 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $357,141 | $37,716 | $10,409 | $405,266 |
| Occupancy | $125,815 | $8,740 | $1,435 | $135,990 |
| Current Officers, Directors, Trustees, and Key Employees | $87,144 | $12,210 | $2,601 | $101,955 |
| Payroll Taxes | $33,382 | $4,023 | $821 | $38,226 |
| Office Expenses | $21,958 | $9,064 | $1,352 | $32,374 |
| Other Employee Benefits | $13,425 | $10,215 | $571 | $24,211 |
| Fees for Services Accounting | $1,250 | $22,825 | - | $24,075 |
| Insurance | $15,889 | $1,186 | $262 | $17,337 |
| Payment Travel Entrtnmnt Publicly Ofcl | $8,605 | $5,847 | $31 | $14,483 |
| Fees for Services Other | $3,981 | $8,967 | - | $12,948 |
| Other Expenses | $7,752 | $3,536 | $114 | $11,402 |
| Depreciation Depletion | $7,118 | $1,090 | $901 | $9,109 |
| Payments to Affiliates | $6,700 | $1,320 | - | $8,020 |
| Advertising | $2,783 | $1,731 | $1,490 | $6,004 |
| Total Functional Expenses | $710,439 | $139,991 | $23,691 | $874,121 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $874,121 |
| Total Expenses per Audited Statements | $874,121 |
| Total Expenses per Form 990 | $874,121 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $5,254 |
| Fundraising Gross Income | $4,140 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Dancing on the Diamond | $78,600 | $4,140 | $5,254 | $-1,114 |
| Total Events | $78,600 | $4,140 | $5,254 | $-1,114 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Liability | Amount |
|---|---|
| Operating lease liability - long term | $665,258 |
| Operating lease liability - current | $101,280 |
“There is one class of membership. Membership is by application and contingent on the payment of dues.”
“At the annual meeting members vote to approve candidates for the Board of Directors after presentation of the slate of appointees by the Nominating committee and preliminary approval by the Board of Directors.”
“Organization members have the right to approve or rescind any board of director action through a vote at any organization regular or specially called meeting.”
“The President and Treasurer receive the prepared Form 990 by email and they share with the rest of the Board.”
“The Board, staff and volunteers are covered under the conflict of interest policy. They sign the document annually and it is kept in the company files.Full disclosure, by notice in writing, shall be made to the Board of Directors in all conflicts of interest. Following full disclosure of a potential conflict of interest, the Board of Directors shall determine whether a conflict actually exists and, if so, shall vote to authorize or reject the transaction and/or condition.A)An interested director, officer or employee shall not participate in any discussion or debate of the Board of Directors or of any committee thereof, in which the subject of discussion is a contract, transaction, or situation in which there may be a conflict of interest.B)No director, officer, or employee shall participate in the selection, award, or administration of a procurement transaction in which public funds are used, where, to his knowledge, any of the following has a financial interest in that transaction: (1) the employee, officer or director; (2) any member of his immediate family; (3) his partner; (4) an organization in which any of the above is an officer, director, shareholder, partner, equity holder or employee; or (5) a person or organization with whom any of the above is negotiating or has any arrangement concerning prospective employment.A copy of this policy shall be given to all directors, officers & employees upon commencement of such persons relationship with the Arc. Each board member, officer & employee shall sign/date the policy at the beginning of his term of service or employment or if the person is already in position, immediately upon the Arc implementing this policy. Failure to sign does not nullify the policy.”
“The Executive Board reviews the compensation of the Executive Director, using data of comparable compensation for those with similar qualifications in similar functional positions. A new Executive Director was hired in May of 2021 and an outside professional search firm was utilized for this process and to help determine fair salary, based on area comps.”
“A new Executive Director was hired in May of 2021 and an outside professional search firm was utilized for this process and to help determine fair salary, based on area comps.”
“The organization makes its governing documents, conflict of interest policy and financial statements available to the public on the organization's website and are available upon request.”
“The endowment funds are used primarily to provide assistance and support for those with intellectual disabilities.”
“The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code except on net income derived from unrelated business activities. The Organization has no qualified unrelated business income. The Organization has evaluated all tax positions to identify any that might be uncertain. No material uncertain tax positions were indentified for the year ended June 30,2024. Accordingly, no provision for income tax has been recorded in the financial statements.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | Supported Employment - Provide training and job coaching to over 200 persons with intellectual and developmental disabilities |
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| IRS990/EmployeeCnt | 0 | 29 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | President-Elect |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | Past President |
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| IRS990/FormationYr | 0 | 1961 |
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| IRS990/FSAuditedInd | 0 | true |
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| IRS990/GrantsToOrganizationsInd | 0 | false |
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| IRS990/GrossReceiptsAmt | 0 | 965225 |
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| IRS990/MissionDesc | 0 | The Arc of Greensboro is committed to identifying and securing life-long opportunities for children & adults with intellectual & developmental disabilities. Through advocacy, services, programs, and education,The Arc supports individuals & their families in choosing options that lead to productive & satisfying lives. |
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| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 21958 |
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| IRS990/OtherExpensesGrp/Desc | 0 | Miscellaneous |
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| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 71 |
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| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 2149 |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 4826 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 12670 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 7752 |
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| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 357141 |
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| IRS990/PartialLiquidationInd | 0 | false |
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| IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt | 0 | 6700 |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 8020 |
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| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 4023 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 33382 |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 13876 |
| IRS990/PrincipalOfficerNm | 0 | Lindy Perry-Garnette |
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| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 624100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 624100 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Arc Barks |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Program Fees |
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| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 355992 |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 355992 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Education and Community Support Services - Educate and provide case management services to more than 80 children and adults with intellectual and developmental disabilities |
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| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 60348 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | ArcBARKS dog treats was conceived and developed by The Arc of Greensboro to provide vocational training for individuals with intellectual and developmental disabilities and a way for The Arc of Greensboro to give back to the Greensboro community. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 155399 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 67194 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
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| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 10479 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt | 0 | 31 |
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| IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt | 0 | 8605 |
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| IRS990/PYRevenuesLessExpensesAmt | 0 | 13867 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 530725 |
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