Latham Centers INC FY2021 filing

Tax-deductible

Brewster, MA501(c)(3)Since 1970EIN 04-2467497Revenue $23.6M in FY2021

On file with the IRSlathamcenters.org1646 Main St, 02631-1716 · Brewster, MATax-exempt since Dec 1978School — 170(b)(1)(A)(ii)

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Latham Centers INC. Is a private non-profit agency that provides residential and day services to individuals who are emotionally, intellectually, physically or otherwise challenged. Our aim is to assist each individual to achieve his or her potential and to become valued members of their community.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$912K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.2M a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$912K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11.2M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.6M
+9% vs prior year
Spent
$23.0M
To programs
85%
Net assets
$7.4M
By yearFY2020–FY2024
Revenue
$23.6M
FY2021▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$21.7M
FY2021$23.6M
FY2022$25.0M
FY2023$28.4M
FY2024$26.8M
FY2024$29.5M
Expenses
$23.0M
FY2021▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$21.3M
FY2021$23.0M
FY2022$23.3M
FY2023$25.5M
FY2024$26.3M
FY2024$29.8M
Net assets
$7.4M
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.7M
FY2021$7.4M
FY2022$9.0M
FY2023$12.0M
FY2024$12.5M
FY2024$12.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $19.5M Management & general 14% · $3.3M Fundraising 1% · $206K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $912K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$220,218Pt VII · Sec A
VP of Operations
$159,763Pt VII · Sec A
VP of Fin./CFO Thru 3/2021
$147,661Pt VII · Sec A
VP of Organizational Development
$141,766Pt VII · Sec A
Residential Counselor
$135,465Pt VII · Sec A
Director of Children's Services
$107,197Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Anne McManus——$255,873$229,845$220,218$212,231
Lee Chamberlain$175,211$193,307$156,015$148,066$159,763$140,970
Gerald J Pouliot III$192,758$173,424$105,968———
Khanh La$190,962$167,109$155,806$114,950——
Colleen Sari—$182,338————
Craig Anderson—$181,927$136,879$131,204$141,766$123,621
Rick Ludwig$168,376$148,046$134,516$123,685——
Janice Holt$157,703—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides residential and day services to individuals with challenges, helping them reach their potential.

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Provided by the organization

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3 programs · $19.4M · in their own filed words · FY2020
01

Latham Intensive

Provides comprehensive services for individuals aged 8 to 22 who display delayed development, emotional and behavioral disturbances, and learning disabilities.

$10.9Mprogram expense
02

Adult Services

Provides specialized residential and day services to meet the medical, behavioral, emotional, educational, and vocational needs of individuals, including those with prader-willi syndrome.

$7.7Mprogram expense
03

Shared Living

Offers foster care for adults in nurturing environments by individuals or families who open up their homes.

$860Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$23.6M
Ln 12
Fees for servicesLn 2g$21.2M
Gifts and grantsLn 1h$1.9M
Investment incomeLn 3$347K
Money outPt IX
$23.0M
Ln 25
Programscol B$19.5M
Managementcol C$3.3M
Fundraisingcol D$206K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$18.6M
LiabilitiesLn 26$11.2M
PeoplePt VI, VII
21
listed · VII A
PaidVII A6
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.5M
Fees for servicesLn 2g$21.2M
Investment incomeLn 3$347K
Other incomeLn 4–11$236K
Gains on assetsLn 7$319K
Total revenueLn 12$23.6M
Assets in detailPt X, end of year
CashLn 1$583K
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.6M
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$10.9M
Other assetsLn 15$1.1M
Total assetsLn 16$18.6M
LiabilitiesLn 26$11.2M
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 5356
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.4M$2.6M
InvestmentsLn 11–13$1.1M$1.2M
Land, buildings, equipmentLn 10c$10.4M$10.9M
Total assetsLn 16$18.6M$18.6M
LiabilitiesLn 26$11.9M$11.2M
Net assetsLn 32$6.7M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$566K$566K
Other salaries and wagesLn 7$13.2M$11.9M$1.2M$124K
Pension plan contributionsLn 8$330K$306K$24K
Other employee benefitsLn 9$2.0M$1.7M$197K$52K
Payroll taxesLn 10$1.6M$1.3M$195K$10K
Legal feesLn 11b$44K$34K$10K
Accounting feesLn 11c$49K$49K
Other fees for servicesLn 11g$200K$167K$32K$545
OccupancyLn 16$1.3M$1.0M$268K$2K
TravelLn 17$214K$178K$36K
InterestLn 20$17K$17K
Depreciation, depletion and amortizationLn 22$464K$363K$101K
InsuranceLn 23$57K$27K$30K
Other expenses (24a–d)Ln 24$2.7M$2.1M$555K$17K
All other expensesLn 24e$318K$310K$9K$9
Total functional expensesLn 25$23.0M$19.5M$3.3M$206K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $26.8M$26.3M$418K$12.5M 990 PDF
FY2023 $28.4M$25.5M$3.0M$12.0M 990 PDF
FY2022 $25.0M$23.3M$1.7M$9.0M 990 PDF
FY2021 Viewing $23.6M$23.0M$634K$7.4M 990 PDF
FY2020 $21.7M$21.3M$460K$6.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $23,612,750 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $886,016$1,862,966
I-9 Program service revenuePrior year $20,607,305$21,166,991
I-10 Investment incomePrior year $32,584$346,741
I-11 Other revenuePrior year $221,867$236,052
I-12 Total revenuePrior year $21,747,772$23,612,750
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $16,588,959$17,606,490
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,698,382$5,372,098
I-18 Total expensesPrior year $21,287,341$22,978,588
I-19 Revenue less expensesPrior year $460,431$634,162
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $23,612,750 across 8 lines filed
VIII-1e Government grants$1,514,653
VIII-1f All other contributions, gifts and grants$348,313
VIII-1h Total contributions, gifts and grants$1,862,966
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,166,991$21,166,991
VIII-3 Investment incomeExcluded from tax $27,835$27,835
VIII-7 Net gain or loss on sales of assetsExcluded from tax $318,906$318,906
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $236,052$236,052
VIII-12 Total revenueRelated to mission $21,403,043 · Unrelated business $0 · Excluded from tax $346,741$23,612,750
Part IX · Statement of functional expenses $22,978,588 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $566,201$566,201
IX-7 Other salaries and wagesPrograms $11,873,019 · Management $1,170,017 · Fundraising $124,308$13,167,344
IX-8 Pension plan contributionsPrograms $306,355 · Management $23,695$330,050
IX-9 Other employee benefitsPrograms $1,743,169 · Management $196,504 · Fundraising $52,148$1,991,821
IX-10 Payroll taxesPrograms $1,345,314 · Management $195,361 · Fundraising $10,399$1,551,074
IX-11b Legal feesPrograms $33,849 · Management $10,198$44,047
IX-11c Accounting feesManagement $48,808$48,808
IX-11g Other fees for servicesPrograms $167,227 · Management $32,346 · Fundraising $545$200,118
IX-16 OccupancyPrograms $1,027,704 · Management $267,511 · Fundraising $1,851$1,297,066
IX-17 TravelPrograms $177,580 · Management $36,337$213,917
IX-20 InterestManagement $16,585$16,585
IX-22 Depreciation, depletion and amortizationPrograms $363,156 · Management $100,853$464,009
IX-23 InsurancePrograms $27,219 · Management $29,986$57,205
IX-24 Other expenses (24a–d)Programs $2,139,912 · Management $555,421 · Fundraising $16,735$2,712,068
IX-24e All other expensesPrograms $309,747 · Management $8,519 · Fundraising $9$318,275
IX-25 Total functional expensesPrograms $19,514,251 · Management $3,258,342 · Fundraising $205,995$22,978,588
Part X · Balance sheet $18,574,594 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $360,621$582,950
X-2 Savings and temporary cash investmentsStart of year $3,003,114$1,985,847
X-3 Pledges and grants receivableStart of year $49,928$351,445
X-4 Accounts receivableStart of year $2,777,416$2,186,268
X-9 Prepaid expenses and deferred chargesStart of year $200,309$174,103
X-10c Land, buildings and equipment, netStart of year $10,352,405$10,937,972
X-11 Publicly traded securitiesStart of year $1,139,000$1,216,886
X-15 Other assetsStart of year $710,756$1,139,123
X-16 Total assetsStart of year $18,593,549$18,574,594
X-17 Accounts payable and accrued expensesStart of year $1,682,528$1,650,065
X-19 Deferred revenueStart of year $68,519$44,409
X-20 Tax-exempt bond liabilitiesStart of year $830,471$786,944
X-24 Unsecured notes and loans payableStart of year $3,084,820$1,882,014
X-25 Other liabilitiesStart of year $106,959$338,541
X-26 Total liabilitiesStart of year $11,896,447$11,181,287
X-27 Net assets without donor restrictionsStart of year $5,970,863$6,586,888
X-28 Net assets with donor restrictionsStart of year $726,239$806,419
X-32 Total net assets or fund balancesStart of year $6,697,102$7,393,307
X-33 Total liabilities and net assetsStart of year $18,593,549$18,574,594
Part XI · Reconciliation of net assets $7,393,307 net assets at year end
XI-1 Total revenue$23,612,750
XI-2 Total expenses$22,978,588
XI-3 Revenue less expenses$634,162
XI-4 Net assets at start of year$6,697,102
XI-5 Net unrealized gains (losses) on investments$62,043
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,393,307

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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