SOAR365 is a Richmond-based organization helping families and individuals cope with the challenges of living with a disability. The organization reports that it was created by area families who were determined to find a better way of caring for their loved ones. SOAR365 offers services for individuals of all ages, including home pediatric therapy sessions for infants and toddlers; children and youth and adult day programs that develop social, behavioral, physical and cognitive skills; and weekend respite and summer camp programs. SOAR365 reports employing about 400 individuals, including 200 who have a disability, and supporting 1,500 individuals in 2019.
For the year ended December 31, 2019, SOAR365's program expenses were:
Program services |
$17,056,660 |
Total Program Expenses: |
$17,056,660 |
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Chief Executive
John Walker, President & CEO
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Compensation*
$268,708
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Chair of the Board
Chad Esquire
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Chair's Profession / Business Affiliation
Judge, Virginia 26th Judicial District Domestic Relations Court
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Board Size
16
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Paid Staff Size
413
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 32% of related contributions. (Related contributions, which totaled $1,686,442, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on SOAR365's audited financial statements for the year ended December 31, 2019.
Source of Funds |
Business solutions |
$12,565,759 |
Day Support Services |
$3,156,893 |
Development |
$1,686,442 |
Pediatric therapy |
$1,021,818 |
Respite and summer camp |
$832,189 |
Investment income |
$164,354 |
Other income |
$52,055 |
Unrealized loss on interest rate swaps |
($123,696) |
Total Income |
$19,355,814 |
- Programs: 91%
- Administrative: 7%
- Fundraising: 2%
Total Income |
$19,355,814 |
Program expenses |
$17,056,660 |
Fundraising expenses |
$535,526 |
Administrative expenses |
$1,292,890 |
Other expenses |
$0 |
Total expenses: |
$18,885,076 |
Income in Excess of Expenses |
$470,738 |
Beginning Net Assets |
$14,271,131 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$14,741,869 |
Total Liabilities |
$6,994,423 |
Total Assets |
$21,736,292 |