Oswego Industries Inc
- Assets
- $4.8m
- Revenue
- $6.3m
- Investments
- $20.0k
- Employees
- 150
- Location
- Fulton, NY
- Founding
- 07/1978
- Data as of
- 12/2021
- EIN
- 16-2197163
Organization Overview
Oswego Industries Inc is located in Fulton, NY. The organization was established in 1978. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2021, Oswego Industries Inc employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oswego 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 12/2021, Oswego Industries Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $6.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 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
TO PROVIDE A VARIETY OF PROGRAMS AND SERVICES TO ADULTS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES, INCLUDING VOCATIONAL, COMMUNITY-BASED EMPLOYMENT SERVICES, DAY HABILITATION, AND SERVICE COORDINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY HABILITATION: AND OTHER WAIVER SERVICES: SUPERVISED INSTRUCTIONAL PROGRAM THAT ACCOMMODATES INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES.
VOCATIONAL: SITE BASED SHELTERED WORKSHOP PROVIDING EMPLOYMENT SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES IN THE COMMUNITY.
JANITORIAL: PROVIDING EMPLOYMENT SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES IN THE COMMUNITY.
OTHER SERVICES INCLUDING EMPLOYMENT RELATED AND THE FUN ROCK CAFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Davis Executive Director | Officer | 30 | $129,257 |
Michael Egan President | OfficerTrustee | 1 | $0 |
Richard Rima Vice President | OfficerTrustee | 1 | $0 |
Julie Holland Treasurer | OfficerTrustee | 1 | $0 |
Heather Hudson Secretary | OfficerTrustee | 1 | $0 |
Susan Feeney Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,713 |
| Related organizations | $0 |
| Government grants | $941,179 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $968,152 |
| Total Program Service Revenue | $5,114,035 |
| Investment income | $20,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,301,381 |
| 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 | $1 |
| Other salaries and wages | $3,577,856 |
| Pension plan accruals and contributions | $68,919 |
| Other employee benefits | $424,234 |
| Payroll taxes | $484,267 |
| Fees for services: Management | $62,273 |
| Fees for services: Legal | $12,777 |
| Fees for services: Accounting | $31,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,573 |
| Advertising and promotion | $0 |
| Office expenses | $35,687 |
| Information technology | $52,172 |
| Royalties | $0 |
| Occupancy | $210,231 |
| Travel | $14,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,801 |
| Interest | $22,979 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,491 |
| Insurance | $86,559 |
| All other expenses | $297,490 |
| Total functional expenses | $6,579,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,383,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $772,008 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $129,268 |
| Prepaid expenses and deferred charges | $30,252 |
| Net Land, buildings, and equipment | $1,481,259 |
| Investments—publicly traded securities | $894,296 |
| Investments—other securities | $20,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,183 |
| Total assets | $4,770,694 |
| Accounts payable and accrued expenses | $277,840 |
| Grants payable | $0 |
| Deferred revenue | $32,319 |
| 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 | $1,245,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $366,138 |
| Total liabilities | $1,921,584 |
| Net assets without donor restrictions | $2,849,110 |
| 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 | $4,770,694 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oswego Industries Inc has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Technologies Corporation Utica, NY | $23,670,798 | $21,526,273 |
J M Murray Center Inc Cortland, NY | $15,884,955 | $15,927,210 |
Cambria County Association For The Blind & Handicapped Inc Johnstown, PA | $104,936,762 | $37,191,994 |
People Inc Williamsville, NY | $7,369,962 | $11,056,256 |
Oswego Industries Inc Fulton, NY | $4,770,694 | $6,301,381 |
Ari Of Connecticut Inc Stamford, CT | $4,205,582 | $6,510,135 |
Abilities Of Northwest Jersey Inc Washington, NJ | $8,171,215 | $5,444,167 |
Lark Enterprises Inc New Castle, PA | $2,089,154 | $5,664,485 |
Spectrum Designs Foundation Ltd Port Washington, NY | $6,618,337 | $6,742,089 |
Career Resources Corp Haverhill, MA | $5,214,556 | $4,441,161 |
Workshop Inc Menands, NY | $3,888,249 | $4,869,507 |
Grow Associates Inc Randolph, MA | $11,859,296 | $4,151,942 |