Cw Resources Inc
- Assets
- $80.5m
- Revenue
- $106.3m
- Investments
- $0.0
- Employees
- 2,575
- Location
- New Britain, CT
- Founding
- 09/1965
- Data as of
- 06/2022
- EIN
- 06-0806499
Organization Overview
Cw Resources Inc is located in New Britain, CT. The organization was established in 1965. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Cw Resources Inc employed 2,575 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cw Resources 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 06/2022, Cw Resources Inc generated $106.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $92.5m during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INTEGRATED VOCATIONAL TRAINING AND EMPLOYMENT OPPORTUNITIES FOR THOSE INDIVIDUALS WHO ARE PHYSICALLY, DEVELOPMENTALLY, EMOTIONALLY, AND/OR SOCIO-ECONOMICALLY CHALLENGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BASED EMPLOYMENT SERVICES: PROVIDE COMMUNITY BASED EMPLOYMENT PROGRAMS AND SERVICES TO DISABLED PERSONS AND TO PERSONS WITH OTHER SOCIAL BARRIERS TO EMPLOYMENT. 1,643 PERSONS WERE PROVIDED THESE SERVICES DURING THE TAX YEAR. CW EMPLOYS PEOPLE THROUGH CUSTODIAL, LANDSCAPING, COMMISSARY, DELIVERY, AND OTHER SERVICE CONTRACTS WITH THE FEDERAL GOVERNMENT, STATE GOVERNMENTS, AND LOCAL MUNICIPALITIES.
ELDERLY NUTRITION SERVICES: PROVIDE SERVICES TO OVER 4,669 PEOPLE PER YEAR. MOST SERVICES INCLUDE FOOD PREPARATION AND DELIVERY OF MEALS (MEALS ON WHEELS). CW ALSO PROVIDES MEALS TO SENIOR CAFETERIA SITES AND ADULT DAY SUPPORT CENTERS. MOST REVENUES ARE GENERATED BY STATE AND FEDERAL CONTRACTS.
CENTER BASED EMPLOYMENT AND PREVOCATIONAL TRAINING: ASSIST INDIVIDUALS WITH DISABILITIES IN DEVELOPING BASIC WORK AND INTERPERSONAL SKILLS AND IMPROVING WORK ENDURANCE IN AN EFFORT TO IMPROVE THE LIKELIHOOD OF AND SUCCESS IN MORE INDEPENDENT EMPLOYMENT INCLUDING COMPETITIVE EMPLOYMENT. THE ORGANIZATION ASSISTED 126 CLIENTS DURING THE TAX YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerry Berthiaume Treasurer | OfficerTrustee | 0.5 | $0 |
Chet Camarata Board Member | Trustee | 0.5 | $0 |
Wayne Carini Board Member | Trustee | 0.5 | $0 |
Paul D'addabbo Board Member | Trustee | 0.5 | $0 |
Raymond Decormier Board Member | Trustee | 0.5 | $0 |
Elizabeth Flynn-Angelone Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
D&d Enterprises Landscaping And Snow Removal | 6/29/22 | $901,721 |
Dorado Services Inc Waste Management | 6/29/22 | $785,116 |
Automotive Connection Fleet Llc Vehicle Repair And Fleet Management | 6/29/22 | $642,351 |
Ukg Inc Hr Information System | 6/29/22 | $546,693 |
Double V Enterprises Landscaping | 6/29/22 | $428,664 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,243,554 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,254,618 |
| Total Program Service Revenue | $94,343,119 |
| Investment income | $663,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,325,186 |
| 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. | $2,390,452 |
| Compensation of current officers, directors, key employees. | $1,878,442 |
| Compensation to disqualified persons | $79,799 |
| Other salaries and wages | $43,533,882 |
| Pension plan accruals and contributions | $977,004 |
| Other employee benefits | $15,491,596 |
| Payroll taxes | $4,193,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,293 |
| Fees for services: Accounting | $91,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $282,346 |
| Advertising and promotion | $0 |
| Office expenses | $1,796,167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,877,463 |
| Travel | $71,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385,271 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,833,045 |
| Insurance | $976,213 |
| All other expenses | $59,128 |
| Total functional expenses | $92,465,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,595,246 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,201,971 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,035,430 |
| Prepaid expenses and deferred charges | $690,058 |
| Net Land, buildings, and equipment | $4,464,064 |
| Investments—publicly traded securities | $29,401,347 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,088,791 |
| Total assets | $80,476,907 |
| Accounts payable and accrued expenses | $7,160,350 |
| Grants payable | $0 |
| Deferred revenue | $1,008,687 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,088,791 |
| Total liabilities | $9,257,828 |
| Net assets without donor restrictions | $71,219,079 |
| 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 | $80,476,907 |