Ladacin Network INC FY2021 filing

Tax-deductible

Ocean, NJ501(c)(3)Since 1952Diseases & DisordersEIN 21-0674715Revenue $28.7M in FY2021

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.
95¢ of each $1 spent went to programs.
$743K 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
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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$743K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 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
$4.8M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28.7M
+0.3% vs prior year
Spent
$24.7M
To programs
95%
Net assets
$13.8M
By yearFY2020–FY2025
Revenue
$28.7M
FY2021+0.3%
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
$24.7M
FY2021▼ -9%
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
$13.8M
FY2021▲ +82%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

95 cents of each dollar spent went to programs.

Program services 95% · $23.4M Management & general 5% · $1.1M Fundraising 1% · $214K

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

17 people listed on the 990; $743K 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
Executive Director
$191,802Pt VII · Sec A
Associate Executive Dir.
$128,321Pt VII · Sec A
Speech Language Pathologist
$113,220Pt VII · Sec A
Speech Language Pathologist
$105,460Pt VII · Sec A
Instructor
$103,766Pt VII · Sec A
Director of Finance
$100,110Pt 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 · $18.9M · in their own filed words · FY2020
01

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.

$7.0Mprogram expense
02

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

$6.0Mprogram expense
03

Our state-approved private schools offer high-quality special education for children ages 3-21 with multiple physical and developmental disabilities for 219 program days. Since 1956 we have provided an array of comprehensive services to address the whole child, ensuring they discover and develop their individual strengths and abilities…

$5.9Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$28.7M
Ln 12
Fees for servicesLn 2g$27.2M
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$160K
Money outPt IX
$24.7M
Ln 25
Programscol B$23.4M
Managementcol C$1.1M
Fundraisingcol D$214K
Owns and owesPt X
$13.8M
net assets · Ln 32
Cash and savingsLn 1–2$9.8M
Total assetsLn 16$18.6M
LiabilitiesLn 26$4.8M
PeoplePt VI, VII
17
listed · VII A
PaidVII A6
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$526K
Fundraising eventsLn 1c$201K
Fees for servicesLn 2g$27.2M
Investment incomeLn 3$11K
Other incomeLn 4–11$160K
Total revenueLn 12$28.7M
Assets in detailPt X, end of year
CashLn 1$8.9M
SavingsLn 2$870K
Cash and savings togetherLn 1–2$9.8M
InvestmentsLn 11–13$151K
Land, buildings, equipmentLn 10c$5.8M
Other assetsLn 15$316K
Total assetsLn 16$18.6M
LiabilitiesLn 26$4.8M
Net assetsLn 32$13.8M
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 FY21End FY21
Cash and savingsLn 1–2$6.8M$9.8M
InvestmentsLn 11–13$151K$151K
Land, buildings, equipmentLn 10c$6.3M$5.8M
Total assetsLn 16$15.2M$18.6M
LiabilitiesLn 26$7.7M$4.8M
Net assetsLn 32$7.5M$13.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$355K$329K$23K$3K
Other salaries and wagesLn 7$15.7M$15.5M$125K$136K
Pension plan contributionsLn 8$1.1M$1.1M$7K$9K
Other employee benefitsLn 9$2.5M$1.7M$736K$6K
Payroll taxesLn 10$1.4M$1.4M$11K$12K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$341K$316K$22K$3K
Other fees for servicesLn 11g$134K$128K$5K$596
Advertising and promotionLn 12$11K$10K$677$19
Office expensesLn 13$242K$230K$4K$8K
OccupancyLn 16$503K$488K$5K$10K
TravelLn 17$139K$135K$4K$9
Depreciation, depletion and amortizationLn 22$520K$420K$86K$14K
InsuranceLn 23$624K$614K$6K$3K
Other expenses (24a–d)Ln 24$897K$818K$74K$4K
All other expensesLn 24e$279K$270K$4K$5K
Total functional expensesLn 25$24.7M$23.4M$1.1M$214K

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 Viewing $28.7M$24.7M$4.0M$13.8M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $28,683,732 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,468,392$1,284,403
I-9 Program service revenuePrior year $26,906,615$27,228,467
I-10 Investment incomePrior year $11,982$10,553
I-11 Other revenuePrior year $202,007$160,309
I-12 Total revenuePrior year $28,588,996$28,683,732
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 $23,386,164$21,014,949
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,862,782$3,697,719
I-18 Total expensesPrior year $27,248,946$24,712,668
I-19 Revenue less expensesPrior year $1,340,050$3,971,064
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $28,683,732 across 11 lines filed
Lines not itemized here account for $744,479 of total revenue; see the IRS return.
VIII-1a Federated campaigns$753
VIII-1c Fundraising events$200,580
VIII-1e Government grants$525,757
VIII-1f All other contributions, gifts and grants$557,313
VIII-1h Total contributions, gifts and grants$1,284,403
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,483,988$26,483,988
VIII-3 Investment incomeExcluded from tax $10,553$10,553
VIII-6 Net rental income or lossRelated to mission $63,646$63,646
VIII-8 Net income from fundraising eventsExcluded from tax $38,789$38,789
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $57,600 · Excluded from tax $274$57,874
VIII-12 Total revenueRelated to mission $27,349,713 · Unrelated business $0 · Excluded from tax $49,616$28,683,732
Part IX · Statement of functional expenses $24,712,668 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $328,914 · Management $23,063 · Fundraising $2,768$354,745
IX-7 Other salaries and wagesPrograms $15,463,358 · Management $124,613 · Fundraising $135,873$15,723,844
IX-8 Pension plan contributionsPrograms $1,057,165 · Management $7,431 · Fundraising $9,296$1,073,892
IX-9 Other employee benefitsPrograms $1,741,690 · Management $736,252 · Fundraising $6,293$2,484,235
IX-10 Payroll taxesPrograms $1,356,075 · Management $10,542 · Fundraising $11,616$1,378,233
IX-11b Legal feesManagement $8,023$8,023
IX-11c Accounting feesPrograms $316,335 · Management $21,847 · Fundraising $2,506$340,688
IX-11g Other fees for servicesPrograms $128,190 · Management $5,200 · Fundraising $596$133,986
IX-12 Advertising and promotionPrograms $9,998 · Management $677 · Fundraising $19$10,694
IX-13 Office expensesPrograms $229,856 · Management $4,175 · Fundraising $8,359$242,390
IX-16 OccupancyPrograms $487,762 · Management $5,271 · Fundraising $9,702$502,735
IX-17 TravelPrograms $134,785 · Management $4,219 · Fundraising $9$139,013
IX-22 Depreciation, depletion and amortizationPrograms $420,008 · Management $85,866 · Fundraising $14,352$520,226
IX-23 InsurancePrograms $614,294 · Management $5,936 · Fundraising $3,473$623,703
IX-24 Other expenses (24a–d)Programs $818,436 · Management $74,317 · Fundraising $4,497$897,250
IX-24e All other expensesPrograms $269,706 · Management $4,444 · Fundraising $4,861$279,011
IX-25 Total functional expensesPrograms $23,376,572 · Management $1,121,876 · Fundraising $214,220$24,712,668
Part X · Balance sheet $18,550,993 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $5,927,701$8,909,478
X-2 Savings and temporary cash investmentsStart of year $863,589$869,856
X-3 Pledges and grants receivableStart of year $187,068$332,019
X-4 Accounts receivableStart of year $1,542,559$2,063,692
X-9 Prepaid expenses and deferred chargesStart of year $71,039$62,323
X-10c Land, buildings and equipment, netStart of year $6,310,611$5,846,972
X-11 Publicly traded securitiesStart of year $150,720$150,660
X-15 Other assetsStart of year $193,941$315,993
X-16 Total assetsStart of year $15,247,228$18,550,993
X-17 Accounts payable and accrued expensesStart of year $3,335,894$2,719,091
X-19 Deferred revenueStart of year $164,543$178,211
X-25 Other liabilitiesStart of year $3,408,571$1,133,127
X-26 Total liabilitiesStart of year $7,699,164$4,781,909
X-27 Net assets without donor restrictionsStart of year $7,288,829$13,305,190
X-28 Net assets with donor restrictionsStart of year $259,235$463,894
X-32 Total net assets or fund balancesStart of year $7,548,064$13,769,084
X-33 Total liabilities and net assetsStart of year $15,247,228$18,550,993
Part XI · Reconciliation of net assets $13,769,084 net assets at year end
XI-1 Total revenue$28,683,732
XI-2 Total expenses$24,712,668
XI-3 Revenue less expenses$3,971,064
XI-4 Net assets at start of year$7,548,064
XI-5 Net unrealized gains (losses) on investments$53
XI-9 Other changes in net assets$2,249,903
XI-10 Net assets at end of year$13,769,084

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

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