Capabilities Inc
- Assets
- $3.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 127
- Location
- Elmira, NY
- Founding
- 07/1961
- Data as of
- 12/2023
- EIN
- 16-0807981
Organization Overview
Capabilities Inc is located in Elmira, NY. The organization was established in 1961. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2023, Capabilities Inc employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capabilities 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 12/2023, Capabilities Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST PEOPLE WITH DISABILITIES OBTAIN THEIR OPTIMUM OCCUPATIONAL GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKCENTER AND OUTSIDE CONTRACTS - TO CREATE EMPLOYMENT OPPORTUNITIES WITHIN AND OUTSIDE OF THE ORGANIZATION FOR PEOPLE WITH DISABILITIES.
SUPPORTED EMPLOYMENT PREPARE AND ASSIST INDIVIDUALS WITH DISABILITIES OBTAIN AND RETAIN COMPETITIVE EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Alsheimer President | OfficerTrustee | 2 | $0 |
Karen Cromer Vice President | OfficerTrustee | 2 | $0 |
Abby Carr Treasurer | OfficerTrustee | 2 | $0 |
Rita Mccabe Secretary | OfficerTrustee | 2 | $0 |
David Eichenauer Director | Trustee | 1 | $0 |
Nathan Gage Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $857,310 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $870,846 |
| Total Program Service Revenue | $1,350,083 |
| Investment income | $60,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$31,591 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,249,701 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,790,801 |
| Pension plan accruals and contributions | $25,071 |
| Other employee benefits | $89,432 |
| Payroll taxes | $184,003 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,156 |
| Fees for services: Accounting | $28,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,414 |
| Fees for services: Other | $38,457 |
| Advertising and promotion | $6,419 |
| Office expenses | $7,277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,232 |
| Travel | $8,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,339 |
| Insurance | $51,148 |
| All other expenses | $51,178 |
| Total functional expenses | $2,715,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,234 |
| Savings and temporary cash investments | $354,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $288,428 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,745 |
| Prepaid expenses and deferred charges | $29,179 |
| Net Land, buildings, and equipment | $727,165 |
| Investments—publicly traded securities | $1,894,884 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,040 |
| Total assets | $3,513,246 |
| Accounts payable and accrued expenses | $157,238 |
| Grants payable | $0 |
| Deferred revenue | $49,638 |
| 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 | $47,253 |
| Total liabilities | $254,129 |
| Net assets without donor restrictions | $3,259,117 |
| 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 | $3,513,246 |