Scarc INC FY2020 filing

Bushnell, FL · Unknown exempt organization

Revenue
$747K
Spent
$770K
To programs
87%
Net assets
$304K
By yearFY2020–FY2021
Revenue
$747K
FY2020
Revenue by fiscal year
FY2020$747K
FY2021$652K
Expenses
$770K
FY2020
Expenses by fiscal year
FY2020$770K
FY2021$732K
Net assets
$304K
FY2020
Net assets by fiscal year
FY2020$304K
FY2021$225K

From the FY2020 Form 990 (year ending September 2020) · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
No filing since FY2020 — 6 yrs
Legal name (IRS)Hdr · item CScarc INC
EINHdr · item D59-1556200
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2021 · Form 990
Principal addressHdr · item CBushnell, FL
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jscarcinc.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$667K
Management & general13%$103K
Total functional expensesLn 25$770K

Financial health

Is it on solid ground?

Surplus margin
-3%
revenue over expenses, this year
Program spending
87%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$409K
FY2020
Total assets by fiscal year
FY2020$409K
FY2021$242K
Total liabilities
$105K
FY2020
Total liabilities by fiscal year
FY2020$105K
FY2021$17K
Revenue less expensesPt I · Ln 19−$23K
Total assetsPt X · Ln 16$409K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$287K
Total assetsLn 16$409K
Total liabilitiesLn 26$105K
Total net assetsLn 32$304K
Months of cash on handcomputed4.5

Statement of Revenue

Part VIII
Program service revenue$524K · 70%
Investment income$128K · 17%
Contributions & grants$80K · 11%
Other revenue$15K · 2%
Program service revenue70%$524K
Investment income17%$128K
Contributions & grants11%$80K
Other revenue2%$15K
Total revenueLn 12$747K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $287K · Operating expenses (Pt IX) $770K · Less non-cash grants $28K · Cash operating expenses/yr $742K
4.6 months
Where the money goes
Program services
Program services $667K · Total expenses $770K
87%
Management & General
Management & general $103K · Total expenses $770K
13%
Fundraising
Fundraising $0 · Total expenses $770K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $80K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $80K · Total revenue $747K
11%
Government reliance
Government grants — · Total revenue $747K
—
Earned-income share
Program service revenue $524K · Total revenue $747K
70%
Investment reliance
Investment income $128K · Total revenue $747K
+17%
Program self-sufficiency
Program service revenue $524K · Total expenses $770K
68%
Growth & trend
Revenue growth (YoY)
This year $747K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $304K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $747K · Expenses $770K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $409K
—
Net-asset ratio
Net assets $304K · Total assets $409K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $409K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jane Furnier · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $770K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $557K · Total expenses $770K
72%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 13%——
Fundraising cost ratio 0%——
Accounting fee ratio 1.0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Scarc INC executive salaries →

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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 12Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports adults with developmental disabilities through work, housing, education, and community programs for independence.

Provided by the organization

This section is blank until Scarc INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $667K of program spending, described in the organization's own filed words · FY2019.
01

The scarc, inc. Evaluation, training and emplyment center provides therapeutic work, supported independent living, adult basic education, socialization opportunities, and transportation to adults who are developmentally disabled and who reside in sumter county, FL.

$667Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2021 Latest $652K$732K-13% 990 PDF
FY2020 Viewing $747K$770K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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