Northeast Occupational Exchange Inc
- Assets
- $613.6k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 34
- Location
- Bangor, ME
- Founding
- 03/1977
- Data as of
- 06/2021
- EIN
- 01-0346613
Organization Overview
Northeast Occupational Exchange Inc is located in Bangor, ME. The organization was established in 1977. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2021, Northeast Occupational Exchange Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Occupational Exchange Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Northeast Occupational Exchange Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION ASSISTS PERSONS WHO ARE MENTALLY AND / OR PHYSICALLY DISABLED OR OTHERWISE VOCATIONALLY HANDICAPPED TO MAXIMIZE THEIR INDEPENDENT LIVING CAPABILITY AND ENHANCE EMPLOYABILITY. THE ORGANIZATION ALSO PROVIDES SUPPORT SERVICES TO CHILDREN AND FAMILIES, COMMUNITY SUPPORT AND CRISIS INTERVENTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY INTEGRATION SERVICES
OUTPATIENT TREATMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Program Coord. / Exec Dire | 40 | $96,830 | |
Thomas Dougherty President | OfficerTrustee | 1 | $0 |
David Nason Treasurer | OfficerTrustee | 1 | $0 |
John Birmingham Vice President | OfficerTrustee | 1 | $0 |
Marge Robinson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $226,209 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,209 |
| Total Program Service Revenue | $1,324,192 |
| Investment income | $122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,550,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,830 |
| Compensation of current officers, directors, key employees. | $24,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,063,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,653 |
| Payroll taxes | $88,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,570 |
| Advertising and promotion | $0 |
| Office expenses | $7,246 |
| Information technology | $78,414 |
| Royalties | $0 |
| Occupancy | $153,164 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,496 |
| Insurance | $43,450 |
| All other expenses | $0 |
| Total functional expenses | $1,661,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,545 |
| Savings and temporary cash investments | $53,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,982 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,302 |
| Net Land, buildings, and equipment | $323,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $613,583 |
| Accounts payable and accrued expenses | $310,923 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $453,926 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $764,849 |
| Net assets without donor restrictions | -$151,266 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $613,583 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northeast Occupational Exchange Inc has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chesco Inc Keene, NH | $1,949,181 | $5,890,910 |
Northern New England Employment Ser Gorham, ME | $3,506,339 | $4,260,098 |
Great Bay Services Dover, NH | $1,278,584 | $2,617,890 |
Northeast Occupational Exchange Inc Bangor, ME | $613,583 | $1,550,523 |
Easter Seals Maine Inc Manchester, NH | $104,620 | $1,012,356 |
Boots2roots Portland, ME | $265,608 | $293,199 |
Charlie Mike Project Lincoln, ME | $100,000 | $0 |