Civic Intelligence

Larc Inc.

990 • Fiscal year 2023 • EIN 59-0968911

Oct 01, 2022 to Sep 30, 2023 • Filed on May 03, 2024

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

46th percentile

0.10x

Higher debt load relative to assets than 46% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

40th percentile

0.11x

Higher debt load relative to revenue than 40% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

80th percentile

27%

Higher net margin than 80% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$124,764

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

85th percentile

35%

Faster asset growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

24%

Faster revenue growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$5,521,211

Up $1,424,309 (+35%) from 2022

Net Assets

Up

$4,968,457

Up $1,365,614 (+38%) from 2022

Liabilities

Up

$552,754

Up $58,695 (+12%) from 2022

Revenue

Up

$4,827,147

Up $920,489 (+24%) from 2022

Expenses

Up

$3,525,962

Up $679,795 (+24%) from 2022

Net Income

Up

$1,301,185

Up $240,694 (+23%) from 2022

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

2023

Assets$5,521,211
Liabilities$552,754
Net Assets$4,968,457

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

2023

Revenue$4,827,147
Expenses$3,525,962
Net Income$1,301,185
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
May 3, 2024
Return Version
2022v5.0
Gross Receipts
$4,992,636
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$2,370,607$3,803,902▲ $1,433,295
Land, Buildings, and Equipment, Net$1,262,690$1,246,205▼ $16,485
Pledges and Grants Receivable$348,348$281,019▼ $67,329
Accounts Receivable$58,706$46,822▼ $11,884
Prepaid Expenses and Deferred Charges$42,300$34,915▼ $7,385
Inventories for Sale or Use$9,142$17,579▲ $8,437
Investments in Publicly Traded Securities$2,756--
Cash and Non-Interest-Bearing Accounts$1,143$1,143→ $0
Total Assets$4,096,902$5,521,211▲ $1,424,309
Other Assets Total$1,210$89,626▲ $88,416
Liabilities
Other Liabilities$290,615$362,961▲ $72,346
Accounts Payable and Accrued Expenses$203,444$189,793▼ $13,651
Total Liabilities$494,059$552,754▲ $58,695
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,866,685$3,958,454▲ $1,091,769
Net Assets With Donor Restrictions$736,158$1,010,003▲ $273,845
Total Net Assets Fund Balance$3,602,843$4,968,457▲ $1,365,614
Total Liabilities and Net Assets / Fund Balance$4,096,902$5,521,211▲ $1,424,309

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$880,532$1,457,477$2,338,009
Equipment$95,345$394,368$489,713
Other Land Buildings$126,269$14,983$141,252
Land$141,902-$127,402
Leasehold Improvements$2,157$4,753$6,910
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Angela KatzExecutive DiFT$124,764$124,764

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$2,788,263
Program Service Revenue
$197,848
Investment Income
$383,246
Other Revenue
$1,457,790
All Other Contributions
$388,305
Change in Net Assets
$1,301,185

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$44,269Market Value
Total Noncash Contributions$44,269-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,827,147
Revenue Not Reported on Form 990
$497,382
Total Revenue per Audited Statements
$5,324,529
Total Revenue per Form 990
$4,827,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,300,792
Other Expenses$1,225,170
Total Fundraising Expense$111,956
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,805,555$5,604$18,246$1,829,405
Occupancy$250,577$29,916$518$281,011
Insurance$219,141$25,169$1,003$245,313
Other Employee Benefits$190,587$1,663$2,745$194,995
Payroll Taxes$141,481$4,269$1,762$147,512
Current Officers, Directors, Trustees, and Key Employees$103,104$25,776-$128,880
Depreciation Depletion$77,544$24,209$192$101,945
Fees for Services Other$41,449$53,887$491$95,827
Office Expenses$32,829$41,979$625$75,433
Travel$37,970$3,670$30$41,670
Advertising--$34,293$34,293
All Other Expenses$8,764$5,569$478$14,811
Other Expenses$10,272$17,432$675$10,272
Total Functional Expenses$2,938,981$475,025$111,956$3,525,962

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,958,915
Expenses per Audited Statements$3,525,962
Total Expenses per Form 990$3,525,962
Expenses Not Reported on Form 990$432,953
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,401
Fundraising Direct Expenses$12,547
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Aiming for Abil$25,365$25,065$9,460$15,605
Total Events$25,365$25,065$9,460$15,605
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$362,961
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 & signed 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
2024-05-03
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
145
Volunteers
181

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, 2022 to september 30th, 2023 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 113 of 116 participants measured demonstrated progress resulting in an overall performance of 97% 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 116 unduplicated people during the time period measured. 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 their independence and reducing the costs to

Form 990, Part XI, Line 9

Cost of sales - woodshop 29,166 cost of sales - woodshop -29,166

Financial Statement Notes

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

Cost of sales - woodshop 29,166

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

Cost of sales - woodshop 29,166

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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
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IRS990/OtherExpensesGrp/Desc0OTHER
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IRS990/OtherExpensesGrp/Desc2ACTIVITIES
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IRS990/OtherExpensesGrp/FundraisingAmt1675
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117432
IRS990/OtherExpensesGrp/ProgramServicesAmt06796
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IRS990/OtherExpensesGrp/ProgramServicesAmt212852
IRS990/OtherExpensesGrp/ProgramServicesAmt310272
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IRS990/OtherExpensesGrp/TotalAmt212852
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04269
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IRS990/PayrollTaxesGrp/TotalAmt0147512
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0348348
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042300
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034915
IRS990/PrincipalOfficerNm0ANGELA KATZ
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IRS990/ProgramServiceRevenueGrp/BusinessCd1624100
IRS990/ProgramServiceRevenueGrp/Desc0CLIENT FEES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt149627
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0567516
IRS990/ProgSrvcAccomActy3Grp/Desc0RESIDENTIAL GROUP HOMES PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.
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IRS990/PYContributionsGrantsAmt03454607
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-73684
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IRS990/PYProgramServiceRevenueAmt0231747
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IRS990/PYSalariesCompEmpBnftPaidAmt02085184
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt02370607
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 544,316 CARES ACT 915,529 INSURANCE PROCEEDS 392,668
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02511276
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt078206
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03958
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0482
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07522
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013851455
IRS990ScheduleA/TotalSupportAmt015804068
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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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