Challenge Industries Inc
- Assets
- $4.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 199
- Location
- Ithaca, NY
- Founding
- 06/1968
- Data as of
- 12/2023
- EIN
- 16-0956917
Organization Overview
Challenge Industries Inc is located in Ithaca, NY. The organization was established in 1968. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2023, Challenge Industries Inc employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Challenge Industries 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, Challenge Industries Inc generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VOCATIONAL REHABILITATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHALLENGE'S SOCIAL ENTERPRISES PROVIDE INTEGRATED WORK SETTINGS FOR CHALLENGE PROGRAM PARTICIPANTS, WHERE THEY ARE ABLE TO DEVELOP MARKETABLE SKILLS AND GAIN VALUABLE WORK EXPERIENCE. THESE BUSINESSES ARE A FUNDAMENTAL PART OF CHALLENGE'S APPARATUS; ALLOWING US TO PROVIDE EMPLOYMENT OPPORTUNITIES TO INDIVIDUALS WITH DISABILITIES AND SOCIAL, ECONOMIC, OR OTHER BARRIERS TO EMPLOYMENT. THERE ARE THREE SOCIAL ENTERPRISES CURRENTLY OPERATING AT CHALLENGE, INCLUDING SHREDDING AND CONTRACT PRODUCTION (PRE-VOCATIONAL) AND CONTRACT STAFFING.
SUPPORTED EMPLOYMENT PROVIDES ONGOING SUPPORT SERVICES TO ADULTS WITH DEVELOPMENTAL AND MENTAL HEALTH DISABILITIES TO MAINTAIN COMMUNITY EMPLOYMENT AT COMPETITIVE WAGES WITH LOCAL EMPLOYERS INCLUDING WORK IN CHALLENGE BUSINESSES. CHALLENGE ASSISTED WORKERS WITH DISABILITIES TO MAINTAIN EMPLOYMENT. THESE SERVICES INCLUDE FUNDING FROM OPWDD (SE) AND OMH (OISE, ACE AND TEP); AND SED (ACCESS-VR); AND DSS.
PRE-VOCATIONAL SERVICES ARE DESIGNED FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES WHO ARE INTERESTED IN WORKING BUT REQUIRE EXTENSIVE PREPARATION AND SUPPORT TO WORK AND BE PART OF THEIR COMMUNITY. THESE SERVICES PROVIDE OPPORTUNITIES FOR UNPAID WORK EXPERIENCE WITH LOCAL EMPLOYERS, TIME LIMITED UNPAID WORK OPPORTUNITIES FOR SKILL BUILDING, VOCATIONAL EXPLORATION THROUGH JOB TRY-OUTS AND JOB SHADOWING, AND VOLUNTEER OPPORTUNITIES WITH LOCAL NOT-FOR-PROFIT AGENCIES. THESE SERVICES INCLUDE FUNDING FROM OPWDD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Connely President And CEO | OfficerTrustee | 40 | $205,242 |
John Sammis Secretary | OfficerTrustee | 3 | $0 |
Phillip Pj Yudt Board Chair | OfficerTrustee | 3 | $0 |
Bradley J Green Board Advisor | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,125 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,609 |
| Total Program Service Revenue | $3,148,687 |
| Investment income | $519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $140,124 |
| Net Gain/Loss on Asset Sales | $524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$22,089 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,379,536 |
| 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. | $231,366 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,667,668 |
| Pension plan accruals and contributions | $25,045 |
| Other employee benefits | $171,617 |
| Payroll taxes | $142,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,839 |
| Fees for services: Accounting | $60,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $526,660 |
| Advertising and promotion | $37,843 |
| Office expenses | $110,552 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $152,988 |
| Travel | $20,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,802 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,489 |
| Insurance | $15,525 |
| All other expenses | $2,350 |
| Total functional expenses | $3,375,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,344,264 |
| Savings and temporary cash investments | $129,520 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $551,186 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,866 |
| Prepaid expenses and deferred charges | $71,590 |
| Net Land, buildings, and equipment | $1,164,549 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $834,052 |
| Total assets | $4,102,027 |
| Accounts payable and accrued expenses | $260,790 |
| 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 | $731,422 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $683,466 |
| Total liabilities | $1,675,678 |
| Net assets without donor restrictions | $2,426,349 |
| 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 | $4,102,027 |