Earc INC EIN 73-1100113

Earc INC FY2021 filing

EIN  73-1100113 Public charity (501(c)(3)) Edmond, OK Founded 1969
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/21/26 · see original filing: IRS
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Size
$1–10M
What they do
Empowering adults with developmental disabilities for a better quality of life and independence.
Leadership
Bonnie Wells · Executive Director · $86K
Money in and out
$4.3M revenue, $4.3M expenses
Bottom line
90% program efficiency

Empowering adults with developmental disabilities for a better quality of life and independence. For fiscal year 2021 it reported $4.3M in revenue, $4.3M in expenses, and $2.4M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$4.3M
Pt VIII · Ln 12
Total expenses
$4.3M
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
3.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$4.3M
FY2021▲ +6%
Expenses
$4.3M
FY2021▲ +7%
Total assets
$3.2M
FY2021▼ -1%
Total liabilities
$874K
FY2021▼ -7%
Total revenue
$4.3M
Pt VIII · Ln 12
Total expenses
$4.3M
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2K
Total assetsPt X · Ln 16$3.2M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $3.9M of program spending, described in the organization's own filed words · FY2020.
01

Employment and residential centers (earc) is our name, but that is only the beginning of our mission. Earc is more than a place to work. It is more than a home. It is a place to succeed. The earc mission is to provide a better quality of life and encourage greater independence to individuals with developmental disabilities.

$3.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEarc INC
EINHdr · item D73-1100113
Principal addressHdr · item CEdmond, OK
WebsiteHdr · item Jwww.earcinc.org
Year of formationHdr · item L1969
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P800)
Ruling yearIRS BMFMar 1981

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$86,102Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Bonnie Wells’s $92K as Executive Director is at the 29th percentile of top reported officer pay among 3864 $1–10M human services 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Bonnie Wells$92,420$94,334$91,055$86,102
Bonnie Wells$81,677

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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Statement of Revenue

Part VIII
Program service revenue$3.3M · 77%
Other revenue$751K · 17%
Contributions & grants$215K · 5%
Program service revenue77%$3.3M
Other revenue17%$751K
Contributions & grants5%$215K
Investment income$2K
— government grantsLn 1e$36K
Total revenueLn 12$4.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$3.9M
Management & general10%$446K
Total functional expensesLn 25$4.3M

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$3.2M
Total liabilitiesLn 26$874K
Total net assetsLn 32$2.4M
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $4.3M
3.1 months
Where the money goes
Program services
Program services $3.9M · Total expenses $4.3M
90%
Management & General
Management & general $446K · Total expenses $4.3M
10%
Fundraising
Fundraising $0 · Total expenses $4.3M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $199K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $215K · Total revenue $4.3M
5%
Government reliance
Government grants $36K · Total revenue $4.3M
1%
Earned-income share
Program service revenue $3.3M · Total revenue $4.3M
77%
Investment reliance
Investment income $2K · Total revenue $4.3M
0%
Program self-sufficiency
Program service revenue $3.3M · Total expenses $4.3M
77%
Growth & trend
Revenue growth (YoY)
This year $4.3M · Prior year $4.1M
+6%
Net-asset trend (YoY)
End of year $2.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.3M · Expenses $4.3M
0%
Liabilities-to-Assets
Total liabilities — · Total assets $3.2M
Net-asset ratio
Net assets $2.4M · Total assets $3.2M
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $49K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.2M
1%
People & payroll
Highest Reported Total Compensation
Individual Bonnie Wells · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $86K · Total expenses $4.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.1M · Total expenses $4.3M
73%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 6%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 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.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$12K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$5.6M revenue · ⤓ 990 PDF
FY2023$5.5M revenue · ⤓ 990 PDF
FY2022$5.4M revenue · ⤓ 990 PDF
FY2021$4.3M revenue · viewing · ⤓ 990 PDF
FY2020$4.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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