Ladacin Network INC FY2020 filing

Tax-deductible

Ocean, NJ501(c)(3)Since 1952Diseases & DisordersEIN 21-0674715Revenue $28.6M in FY2020

On file with the IRSladacin.org1703 Kneeley Blvd, 07712-7622 · Ocean, NJTax-exempt since Jan 1976Publicly supported charity — 170(b)(1)(A)(vi)

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To provide education, therapy, social, residential and other support services to people with developmental and other physical disabilities.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$629K 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

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.4M a year · 8% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$629K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.7M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28.6M
Spent
$27.2M
To programs
98%
Net assets
$7.5M
By yearFY2020–FY2025
Revenue
$28.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$28.6M
FY2021$28.7M
FY2022$30.5M
FY2023$32.3M
FY2024$35.6M
FY2025$36.9M
Expenses
$27.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$27.2M
FY2021$24.7M
FY2022$26.6M
FY2023$30.5M
FY2024$33.1M
FY2025$35.7M
Net assets
$7.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$7.5M
FY2021$13.8M
FY2022$16.1M
FY2023$18.7M
FY2024$21.3M
FY2025$24.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1976.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $26.7M Management & general 1% · $323K Fundraising 1% · $225K

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

18 people listed on the 990; $629K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$195,566Pt VII · Sec A
Associate Executive Dir.
$127,139Pt VII · Sec A
Speech Therapist
$106,556Pt VII · Sec A
Director of Children's Programs
$100,645Pt VII · Sec A
Director of Finance
$99,260Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Patricia B Carlesimo’s $280K as Executive Director is at the 44th percentile of top reported officer pay among 249 $10–100M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Patricia B Carlesimo$279,932$233,910$193,852$203,164——
Patricia Carlesimo————$191,802$195,566
Celeste Smith$174,199$161,692$139,927$138,036$128,321$127,139
Judith a Hilla$151,854$151,835$137,730$132,448$105,460—
Michele P Finchler$133,664$134,928$103,889$140,557$113,220—
Lisa Graul$131,553$137,192$108,016——$100,645
Catherine M Jasaitis—$110,588$119,629$117,182——
Christine a McCarthy———$118,706——

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers education, therapy, and support for people with developmental and physical disabilities.

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Provided by the organization

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3 programs · $21.0M · in their own filed words · FY2019
01

Provided education and therapy to 240 adults with multiple physical disabilites for 240 program days. Programs provide educational, vocational, social, therapeutic, and recreational opportunities in attractive, barrier free environments for adults with multiple physical disabilities.

$8.4Mprogram expense
02

Provided education and therapy to 109 children with multiple physical disabilities between the ages of 3-21 for 219 program days. Services are delivered using the transdisciplinary approach and may include speech, occupational, and physical therapies as well as instruction in art, music, adapted physical education, and computers.

$6.7Mprogram expense
03

Residential options consist of 9 locations, 6 group homes, 2 SUPPORTED/SUPERVISED apartments and 1 independent living apartment complex. These locations provide 24/7 residential care to 87 adults with multiple physical and developmental disabilities. Personal assistant services are provided to the tenants in their residence.

$6.0Mprogram 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$1K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$28.6M
Ln 12
Fees for servicesLn 2g$26.9M
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$202K
Money outPt IX
$27.2M
Ln 25
Programscol B$26.7M
Managementcol C$323K
Fundraisingcol D$225K
Owns and owesPt X
$7.5M
net assets · Ln 32
Cash and savingsLn 1–2$6.8M
Total assetsLn 16$15.2M
LiabilitiesLn 26$7.7M
PeoplePt VI, VII
18
listed · VII A
PaidVII A5
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$888K
Noncash giftsLn 1g$6K
Fundraising eventsLn 1c$124K
Fees for servicesLn 2g$26.9M
Investment incomeLn 3$12K
Other incomeLn 4–11$202K
Total revenueLn 12$28.6M
Assets in detailPt X, end of year
CashLn 1$5.9M
SavingsLn 2$864K
Cash and savings togetherLn 1–2$6.8M
InvestmentsLn 11–13$151K
Land, buildings, equipmentLn 10c$6.3M
Other assetsLn 15$194K
Total assetsLn 16$15.2M
LiabilitiesLn 26$7.7M
Net assetsLn 32$7.5M
OperationsPt I, VI
EmployeesI 5746
VolunteersI 6157
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 FY20End FY20
Cash and savingsLn 1–2$3.8M$6.8M
InvestmentsLn 11–13$959K$151K
Land, buildings, equipmentLn 10c$6.7M$6.3M
Total assetsLn 16$14.1M$15.2M
LiabilitiesLn 26$8.6M$7.7M
Net assetsLn 32$5.5M$7.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$316K$294K$20K$2K
Other salaries and wagesLn 7$18.4M$18.2M$99K$139K
Other employee benefitsLn 9$3.2M$3.2M$16K$23K
Payroll taxesLn 10$1.4M$1.4M$13K$11K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$320K$298K$19K$2K
Other fees for servicesLn 11g$119K$115K$4K$410
Advertising and promotionLn 12$13K$10K$3K$64
Office expensesLn 13$240K$224K$6K$10K
OccupancyLn 16$528K$512K$5K$11K
TravelLn 17$331K$327K$3K$434
Depreciation, depletion and amortizationLn 22$546K$455K$77K$14K
InsuranceLn 23$592K$583K$6K$3K
Other expenses (24a–d)Ln 24$868K$821K$41K$6K
All other expensesLn 24e$303K$293K$8K$2K
Total functional expensesLn 25$27.2M$26.7M$323K$225K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $36.9M$35.7M$1.2M$24.8M 990 PDF
FY2024 $35.6M$33.1M$2.5M$21.3M 990 PDF
FY2023 $32.3M$30.5M$1.8M$18.7M 990 PDF
FY2022 $30.5M$26.6M$3.9M$16.1M 990 PDF
FY2021 $28.7M$24.7M$4.0M$13.8M 990 PDF
FY2020 Viewing $28.6M$27.2M$1.3M$7.5M 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 FY2020 990 (6 parts)
Part I · Summary $28,588,996 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,951,426$1,468,392
I-9 Program service revenuePrior year $24,977,559$26,906,615
I-10 Investment incomePrior year $14,331$11,982
I-11 Other revenuePrior year $158,976$202,007
I-12 Total revenuePrior year $28,102,292$28,588,996
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 $23,026,745$23,386,164
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,171,242$3,862,782
I-18 Total expensesPrior year $27,197,987$27,248,946
I-19 Revenue less expensesPrior year $904,305$1,340,050
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
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 $28,588,996 across 12 lines filed
Lines not itemized here account for $866,358 of total revenue; see the IRS return.
VIII-1a Federated campaigns$1,483
VIII-1c Fundraising events$123,875
VIII-1e Government grants$888,456
VIII-1f All other contributions, gifts and grants$454,578
VIII-1g Noncash contributions (included above)$5,825
VIII-1h Total contributions, gifts and grants$1,468,392
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,081,669$26,081,669
VIII-3 Investment incomeExcluded from tax $11,982$11,982
VIII-6 Net rental income or lossRelated to mission $64,217$64,217
VIII-8 Net income from fundraising eventsExcluded from tax $38,643$38,643
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $57,735$57,735
VIII-12 Total revenueRelated to mission $27,028,567 · Unrelated business $0 · Excluded from tax $92,037$28,588,996
Part IX · Statement of functional expenses $27,248,946 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $293,595 · Management $19,668 · Fundraising $2,430$315,693
IX-7 Other salaries and wagesPrograms $18,208,033 · Management $99,268 · Fundraising $138,859$18,446,160
IX-9 Other employee benefitsPrograms $3,160,257 · Management $15,640 · Fundraising $23,061$3,198,958
IX-10 Payroll taxesPrograms $1,401,348 · Management $13,002 · Fundraising $11,003$1,425,353
IX-11b Legal feesManagement $2,731$2,731
IX-11c Accounting feesPrograms $298,490 · Management $19,342 · Fundraising $2,170$320,002
IX-11g Other fees for servicesPrograms $115,101 · Management $3,659 · Fundraising $410$119,170
IX-12 Advertising and promotionPrograms $10,209 · Management $2,794 · Fundraising $64$13,067
IX-13 Office expensesPrograms $224,086 · Management $6,278 · Fundraising $9,754$240,118
IX-16 OccupancyPrograms $512,294 · Management $5,419 · Fundraising $10,638$528,351
IX-17 TravelPrograms $326,749 · Management $3,322 · Fundraising $434$330,505
IX-22 Depreciation, depletion and amortizationPrograms $455,015 · Management $76,999 · Fundraising $14,354$546,368
IX-23 InsurancePrograms $582,524 · Management $5,994 · Fundraising $3,183$591,701
IX-24 Other expenses (24a–d)Programs $820,635 · Management $41,313 · Fundraising $6,100$868,048
IX-24e All other expensesPrograms $292,874 · Management $7,505 · Fundraising $2,342$302,721
IX-25 Total functional expensesPrograms $26,701,210 · Management $322,934 · Fundraising $224,802$27,248,946
Part X · Balance sheet $15,247,228 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $3,710,031$5,927,701
X-2 Savings and temporary cash investmentsStart of year $39,984$863,589
X-3 Pledges and grants receivableStart of year $231,659$187,068
X-4 Accounts receivableStart of year $2,340,485$1,542,559
X-9 Prepaid expenses and deferred chargesStart of year $49,040$71,039
X-10c Land, buildings and equipment, netStart of year $6,657,678$6,310,611
X-11 Publicly traded securitiesStart of year $959,089$150,720
X-15 Other assetsStart of year $156,705$193,941
X-16 Total assetsStart of year $14,144,671$15,247,228
X-17 Accounts payable and accrued expensesStart of year $3,689,883$3,335,894
X-19 Deferred revenueStart of year $19,291$164,543
X-25 Other liabilitiesStart of year $4,077,003$3,408,571
X-26 Total liabilitiesStart of year $8,634,837$7,699,164
X-27 Net assets without donor restrictionsStart of year $5,285,420$7,288,829
X-28 Net assets with donor restrictionsStart of year $224,414$259,235
X-32 Total net assets or fund balancesStart of year $5,509,834$7,548,064
X-33 Total liabilities and net assetsStart of year $14,144,671$15,247,228
Part XI · Reconciliation of net assets $7,548,064 net assets at year end
XI-1 Total revenue$28,588,996
XI-2 Total expenses$27,248,946
XI-3 Revenue less expenses$1,340,050
XI-4 Net assets at start of year$5,509,834
XI-5 Net unrealized gains (losses) on investments$10,009
XI-9 Other changes in net assets$688,171
XI-10 Net assets at end of year$7,548,064

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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