Employment Horizons Inc
- Assets
- $11.1m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 284
- Location
- Cedar Knolls, NJ
- Founding
- 06/1968
- Data as of
- 12/2023
- EIN
- 22-1612741
Organization Overview
Employment Horizons Inc is located in Cedar Knolls, NJ. The organization was established in 1968. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Employment Horizons Inc employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employment Horizons 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, Employment Horizons Inc generated $10.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $8.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) 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
THE MISSION OF EMPLOYMENT HORIZONS, INC. IS TO ASSIST PEOPLE WITH BARRIERS TO EMPLOYMENT TO ACHIEVE THEIR INDIVIDUAL VOCATIONAL OBJECTIVES AND TO ESTABLISH SELF-SUFFICIENCY IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMERCIAL SERVICES - JANITORIAL AND GROUNDS KEEPING SERVICES OFFERED COMMERCIALLY WITH THE MAJORITY OF WORK PERFORMED BY CLIENTS WITH DISABILITIES AND OTHER DISADVANTAGES.
EXTENDED EMPLOYMENT - PAID AGENCY-BASED EMPLOYMENT AND TRAINING FOR CLIENTS WITH DISABILITIES FUNDED BY A STATE OF NEW JERSEY GRANT.
CAREER DEVELOPMENT - PAID WORK READINESS TRAINING, VOCATIONAL COUNSELING, AND VOCATIONAL EVALUATION FOR CLIENTS WITH DISABILITIES FOR THE PURPOSE OF DEVELOPING WORK SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arla Cahill President | OfficerTrustee | 4 | $0 |
Paul Dolce Vice President | OfficerTrustee | 4 | $0 |
Allen Lane Treasurer | OfficerTrustee | 4 | $0 |
Bill Colocurcio Secretary | OfficerTrustee | 4 | $0 |
Gregory Canose Trustee | Trustee | 4 | $0 |
Frank Crippen Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $196,436 |
| Related organizations | $0 |
| Government grants | $2,915,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,574 |
| Noncash contributions included in lines 1a–1f | $26,280 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,390,437 |
| Total Program Service Revenue | $6,293,276 |
| Investment income | $159,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $118,400 |
| Net Income from Fundraising Events | $7,339 |
| Net Income from Gaming Activities | $4,905 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,000,078 |
| 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. | $435,326 |
| Compensation of current officers, directors, key employees. | $54,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,029,573 |
| Pension plan accruals and contributions | $38,596 |
| Other employee benefits | $1,061,150 |
| Payroll taxes | $544,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,626 |
| Fees for services: Accounting | $30,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,004 |
| Fees for services: Other | $193,454 |
| Advertising and promotion | $2,340 |
| Office expenses | $288,178 |
| Information technology | $65,932 |
| Royalties | $0 |
| Occupancy | $265,261 |
| Travel | $192,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,108 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,218 |
| Insurance | $80,158 |
| All other expenses | $17,896 |
| Total functional expenses | $8,644,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,990 |
| Savings and temporary cash investments | $3,261,491 |
| Pledges and grants receivable | $12,025 |
| Accounts receivable, net | $690,070 |
| 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 | $92,021 |
| Net Land, buildings, and equipment | $1,524,240 |
| Investments—publicly traded securities | $5,165,129 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,103,966 |
| Accounts payable and accrued expenses | $393,424 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $393,424 |
| Net assets without donor restrictions | $10,594,045 |
| Net assets with donor restrictions | $116,497 |
| 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 | $11,103,966 |