Civic Intelligence

Larc Inc.

990 • Fiscal year 2022 • EIN 59-0968911

Oct 01, 2021 to Sep 30, 2022 • Filed on Apr 21, 2023

2570 Hanson StFort Myers, FL 33901

(239) 334-6285

Siviq Scores

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

Liabilities / Assets

60th percentile

0.12x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.13x

Higher debt load relative to revenue than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

77th percentile

27%

Higher net margin than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

76th percentile

$120,339

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

85th percentile

38%

Faster asset growth than 85% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

21%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,096,902

Up $1,134,766 (+38%) from 2021

Net Assets

Up

$3,602,843

Up $1,060,491 (+42%) from 2021

Liabilities

Up

$494,059

Up $74,275 (+18%) from 2021

Revenue

Up

$3,906,658

Up $672,184 (+21%) from 2021

Expenses

Up

$2,846,167

Up $199,579 (+7.5%) from 2021

Net Income

Up

$1,060,491

Up $472,605 (+80%) from 2021

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,921,196Liabilities 2010: $314,220Net Assets 2010: $1,606,9762010Assets 2011: $1,932,472Liabilities 2011: $297,771Net Assets 2011: $1,634,7012011Assets 2012: $1,739,186Liabilities 2012: $221,681Net Assets 2012: $1,517,5052012Assets 2013: $1,454,603Liabilities 2013: $301,636Net Assets 2013: $1,152,9672013Assets 2014: $1,362,151Liabilities 2014: $469,655Net Assets 2014: $892,4962014Assets 2015: $1,484,273Liabilities 2015: $535,720Net Assets 2015: $948,5532015Assets 2016: $2,165,830Liabilities 2016: $256,420Net Assets 2016: $1,909,4102016Assets 2017: $2,113,827Liabilities 2017: $172,152Net Assets 2017: $1,941,6752017Assets 2018: $2,255,634Liabilities 2018: $222,614Net Assets 2018: $2,033,0202018Assets 2019: $2,397,654Liabilities 2019: $245,135Net Assets 2019: $2,152,5192019Assets 2020: $2,694,206Liabilities 2020: $739,740Net Assets 2020: $1,954,4662020Assets 2021: $2,962,136Liabilities 2021: $419,784Net Assets 2021: $2,542,3522021Assets 2022: $4,096,902Liabilities 2022: $494,059Net Assets 2022: $3,602,8432022Assets 2023: $5,521,211Liabilities 2023: $552,754Net Assets 2023: $4,968,4572023Assets 2024: $6,932,330Liabilities 2024: $1,344,893Net Assets 2024: $5,587,4372024

Highlighted filing

2022

Assets$4,096,902
Liabilities$494,059
Net Assets$3,602,843

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,574,5652010Expenses 2011: $2,527,0142011Expenses 2012: $2,620,0662012Expenses 2013: $2,694,3492013Revenue 2014: $2,312,385Expenses 2014: $2,572,856Net Income 2014: -$260,4712014Revenue 2015: $2,625,137Expenses 2015: $2,569,080Net Income 2015: $56,0572015Revenue 2016: $3,507,440Expenses 2016: $2,544,382Net Income 2016: $963,0582016Revenue 2017: $2,652,187Expenses 2017: $2,619,922Net Income 2017: $32,2652017Revenue 2018: $2,780,172Expenses 2018: $2,688,827Net Income 2018: $91,3452018Revenue 2019: $2,964,634Expenses 2019: $2,845,135Net Income 2019: $119,4992019Revenue 2020: $2,775,259Expenses 2020: $2,973,312Net Income 2020: -$198,0532020Revenue 2021: $3,234,474Expenses 2021: $2,646,588Net Income 2021: $587,8862021Revenue 2022: $3,906,658Expenses 2022: $2,846,167Net Income 2022: $1,060,4912022Revenue 2023: $4,827,147Expenses 2023: $3,525,962Net Income 2023: $1,301,1852023Revenue 2024: $3,963,225Expenses 2024: $3,350,356Net Income 2024: $612,8692024

Highlighted filing

2022

Revenue$3,906,658
Expenses$2,846,167
Net Income$1,060,491
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Apr 21, 2023
Return Version
2021v4.0
Gross Receipts
$4,146,557
Mission and Program Overview

Mission

Promote and provide community based support services for adults with developmental disabilities.

Larc's mission is to empower and support individuals with disabilities and their families to achieve their full potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,394,056$2,370,607▲ $976,551
Land, Buildings, and Equipment, Net$1,222,611$1,262,690▲ $40,079
Pledges and Grants Receivable$226,235$348,348▲ $122,113
Accounts Receivable$38,690$58,706▲ $20,016
Prepaid Expenses and Deferred Charges$47,432$42,300▼ $5,132
Inventories for Sale or Use$28,003$9,142▼ $18,861
Investments in Publicly Traded Securities$2,756$2,756→ $0
Cash and Non-Interest-Bearing Accounts$1,143$1,143→ $0
Total Assets$2,962,136$4,096,902▲ $1,134,766
Other Assets Total$1,210$1,210→ $0
Liabilities
Other Liabilities$195,731$290,615▲ $94,884
Accounts Payable and Accrued Expenses$224,053$203,444▼ $20,609
Total Liabilities$419,784$494,059▲ $74,275
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,219,535$2,866,685▲ $647,150
Net Assets With Donor Restrictions$322,817$736,158▲ $413,341
Total Net Assets Fund Balance$2,542,352$3,602,843▲ $1,060,491
Total Liabilities and Net Assets / Fund Balance$2,962,136$4,096,902▲ $1,134,766

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$950,579$1,387,429$2,338,008
Equipment$58,127$366,758$424,885
Land$235,902-$221,402
Other Land Buildings$15,637$10,983$26,620
Leasehold Improvements$2,445$4,465$6,910
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Angela KatzExecutive DiFT$120,339$120,339

Board Members and Trustees

NameTitle
Austin ClintonPresident
Brian BradleyBoard Member
Dave PlonskiBoard Member
Gordon B DavisBoard Member
Jenn RobinsonBoard Member
Lorraine BarkerBoard Member
Mike GavalaBoard Member
PETER D'ALESSANDROBoard Member
Ross WebbBoard Member
Stephanie WardienBoard Member
Stephen McbaneSecretary
Bonnie BoltonTreasurer
Blake HamptonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,454,607
Program Service Revenue
$231,747
Investment Income
$-73,684
Other Revenue
$293,988
All Other Contributions
$1,125,206
Change in Net Assets
$1,060,491

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$85,259Market Value
Total Noncash Contributions$85,259-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,906,658
Revenue Not Reported on Form 990
$397,663
Total Revenue per Audited Statements
$4,304,321
Total Revenue per Form 990
$3,906,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,085,184
Other Expenses$760,983
Total Fundraising Expense$96,626
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,578,711$34,443$32,141$1,645,295
Insurance$193,129$20,506$1,264$214,899
Other Employee Benefits$191,352$4,287$61$195,700
Occupancy$129,749$25,513$577$155,839
Payroll Taxes$120,664$4,221$2,479$127,364
Current Officers, Directors, Trustees, and Key Employees$93,460$23,365-$116,825
Depreciation Depletion$81,620$30,254$348$112,222
Fees for Services Other$29,677$38,934$410$69,021
Office Expenses$29,860$36,436$1,251$67,547
Travel$21,342$2,877$2,980$27,199
Advertising--$20,343$20,343
All Other Expenses$12,562$3,463$2,431$18,456
Other Expenses$6,742$13,879$515$6,742
Total Functional Expenses$2,504,256$245,285$96,626$2,846,167

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,243,830
Expenses per Audited Statements$2,846,167
Total Expenses per Form 990$2,846,167
Expenses Not Reported on Form 990$397,663
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$147,497
Fundraising Direct Expenses$50,153
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wine Dinner$268,769$120,407$33,641$86,766
Aiming for Abil$24,005$20,155$8,621$11,534
Total Events$292,774$140,562$42,262$98,300
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Loan$290,615
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Membership may be on either an individual or family basis.

Form 990, Page 6, Part VI, Line 7A

A member shall be eligible to hold office and vote on all questions at general membership meetings. An individual member has one vote and may hold an office. A family membership entitles the family to a maximum of two votes and two members of the family may hold office.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the board finance committee.

Form 990, Page 6, Part VI, Line 12C

Board members are asked to disclose conflicts of interest at board meetings. Conflicts of interest shall be declared at the time they occur or have the potential of occuring. After declaring a conflict of interest, a member may participate in discussion of the matter at hand and will abstain from voting on the matter. The policy is reviewed & renewed annually.

Form 990, Page 6, Part VI, Line 15A

Search committee researches like agencies/budgets/sizes to determine salary.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Larc Inc
EIN
59-0968911
Address
2570 HANSON ST, FORT MYERS, FL 33901

Signing Officer

Name
Angela Katz
Title
Executive Director
Phone
2393346285
Signed
2023-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Katz
Formed
1954
Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
14
Employees
161
Volunteers
130

Preparer

Firm
Myers Brettholtz & Company Pa
Address
12671 WHITEHALL DR, FORT MYERS, FL 33907-3626
Preparer
Steven M Brettholtz CPA
Phone
2399395775
Supplemental Narrative

Additional Explanations

Form 990, Part III

Line 4a: description of program service - adult day training larc's adult day training (adt) programming provides a variety of life skills for participants contingent upon their individualized needs, abilities and preferences. Service intensity can vary from moderate to intense with appropriate staff/client ratios established by state guidelines for each population's needs. Services can range from activities of daily living, socialization, functional, vocational and recreational skills. Adt services aim to promote individualized learning opportunities based on the needs and preferences of the individual being served. The intensity of services and staffing is established by the agency for persons with disabilities and the individuals waiver support coordinator participates in the development of the service plans. Larc staff provide case management, behavioral counseling, educational opportunities and supports to aid individuals in attaining their personal goals established for themselves. Examples of activities can include a range from skills of daily living (bathing, toileting, feeding, grooming, etc), inclusion activities (social, community and safety skills training), money management, behavioral training, fine and gross motor skills training and practice, sensory stimulation, recreation and leisure skills training and practice and may include vocational skills training. Vocational skills training can include janitorial work experience both on and off campus, workshop related tasks (collating, packing and assembling, bulk mailing, assembling marketing materials, etc), woodshop activities (creating and building wood products including pallets, survey/grade stakes, trellises, and vent boards are examples), and laser engraving activities creating custom products using glass, wood and acrylic. Vocational training focuses on development of job skills, safety skills, effective workplace communication and problem solving workplace ethics, product quality training and may assist an individual who wishes to move into integrated employment in the community as one of their goals. Adt services aim to help adults with intellectual and developmental disabilities to achieve their goals in terms of skill development and independence with the services provided, and continually is refining services and activities to best respond to participant needs. Systemically one of the major reasons the state provides funding for these services is to reduce the cost of institutionalization, community based services are both more cost-effective and person-effective. From october 1, 2021 to september 30th, 2022 the objective was that 95% of participants would demonstrate measurable progress on their individual program plan (ipp) goals as indicated by a performance review with choices of: none, minimal, moderate excellent or maximum. For this time period 107 of 124 participants measured demonstrated progress resulting in an overall performance of 86% successful (target was 95%). As stated earlier these services combine individual growth and skill development along with reduced costs for care - the adt program served 137 unduplicated people during the time period measured. Performance was impacted by the pandemic. Line 4b: description of program service - community support services community support services (css) provides training and supports to individuals with intellectual and developmental disabilities while they are in community settings, and often is a key ingredient in their ability to succeed in the community. Services include training to assist participants in learning how to access the community and its varied resources, to manage their financial resources and their activities of daily living, to maximize their ability to live as independently as they desire and are capable of, and to help them seek employment and wages when desired. The aim is to assist them in living successfully with the least amount of supports and services, thus increasing th

Form 990, Part XI, Line 9

Cost of sales - woodshop 92,804 cost of sales - woodshop -92,804

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Cost of sales - woodshop 92,804

Schedule D, Page 4, Part XII, Line 2D

Cost of sales - woodshop 92,804

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.93$1.34$5.59$3.96$3.35$0.61
2023Detailed filing. Detailed filing data is available for this year.$5.52$0.55$4.97$4.83$3.53$1.30
2022Detailed filing. Detailed filing data is available for this year.$4.10$0.49$3.60$3.91$2.85$1.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$0.42$2.54$3.23$2.65$0.59
2020Detailed filing. Detailed filing data is available for this year.$2.69$0.74$1.95$2.78$2.97$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.40$0.25$2.15$2.96$2.85$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.26$0.22$2.03$2.78$2.69$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.11$0.17$1.94$2.65$2.62$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.17$0.26$1.91$3.51$2.54$0.96
2015Detailed filing. Detailed filing data is available for this year.$1.48$0.54$0.95$2.63$2.57$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.36$0.47$0.89$2.31$2.57$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.30$1.15$2.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.22$1.52$2.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.30$1.63$2.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.31$1.61$2.57
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $1M-$5M nonprofits