Prospectus Associates Inc
- Assets
- $19.6m
- Revenue
- $18.9m
- Investments
- $0.0
- Employees
- 329
- Location
- Reading, PA
- Founding
- 03/1983
- Data as of
- 06/2023
- EIN
- 23-2023612
Organization Overview
Prospectus Associates Inc is located in Reading, PA. The organization was established in 1983. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2023, Prospectus Associates Inc employed 329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospectus Associates 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 06/2023, Prospectus Associates Inc generated $18.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $18.2m during the year ending 06/2023. While expenses have increased by 1.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INNOVATIVE COMMUNITY PARTICIPATION, COMMUNITY LIVING, EMPLOYMENT OPPORTUNITIES, AND FAMILY SUPPORT SERVICES THAT ENRICH THE LIVES OF PEOPLE WITH DISABILITIES AND THEIR FAMILIES. WE WILL FULFILL OUR MISSION BY ENGAGING AND SUPPORTING A TALENTED AND COMPASSIONATE WORKFORCE; BEING INCLUSIVE; AND LIVING THE GUIDING PRINCIPLES OF ACCOUNTABILITY, COMMUNICATION, AND TRUST EVERY DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY LIVING SERVICES PROVIDE AN ARRAY OF SERVICES FOR ADULTS WITH DISABILITIES THAT PROMOTE INDIVIDUAL CHOICE AND OPPORTUNITIES TO LIVE IN RESIDENTIAL SETTINGS THROUGHOUT BERKS COUNTY. THERE ARE 61 PROGRAM PARTICIPANTS RESIDING IN OUR COMMUNITY HOMES AND 12 PARTICIPANTS IN LIFE SHARING.
PROSPECTUS BERCO DAY SERVICES PROVIDES A RANGE OF EMPLOYMENT, VOCATIONAL, AND TRAINING SERVICES FOR ADULTS WITH DISABILITIES. EMPLOYMENT SERVICES INCLUDE COMMUNITY-INTEGRATED EMPLOYMENT, JOB COACHING, AND VOCATIONAL TRAINING. ADDITIONALLY, THEY COLLABORATE WITH THE OFFICE OF VOCATIONAL REHABILITATION (OVR) TO EXPAND THEIR OFFERINGS, INCLUDING INITIATIVES LIKE WORK EXPERIENCE FOR ADULTS (WEXA) AND TICKET TO WORK. THEIR VOCATIONAL SERVICES FACILITY CONTINUES TO PROVIDE TRAINING TO HELP INDIVIDUALS ACHIEVE THEIR EMPLOYMENT GOALS, WHILE ADULT TRAINING SERVICES FOCUS ON ENRICHMENT THROUGH MEANINGFUL ACTIVITIES AND COMMUNITY PARTICIPATION. VOCATIONAL SERVICES OFFER A VARIETY OF TRAINING AND EMPLOYMENT OPTIONS AND EMPLOYS APPROXIMATELY 51 WORKERS WITH DISABILITIES AND PROVIDES BUSINESSES THROUGHOUT THE COUNTRY WITH PACKAGING AND SUBASSEMBLY SERVICES. PRODUCTION WORKERS ALSO GO OUT IN WORK TEAMS TO PROVIDE SERVICES AT VARIOUS BUSINESSES. ADULT TRAINING SERVICES PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR ADULTS WITH DISABILITIES FROM 9 A.M. TO 3:30 P.M. MONDAY THROUGH FRIDAY. ACTIVITIES INCLUDE COMMUNITY PARTICIPATION AND SUPPORT, VOLUNTEER EXPERIENCES, COMMUNICATION, AND MOBILITY TRAINING, ALONG WITH OCCUPATIONAL THERAPIES. ONE OF OUR COMPONENTS IS DESIGNED FOR INDIVIDUALS WHO ARE DEAF AND HARD OF HEARING; WE CONTRACT WITH AN AMERICAN SIGN LANGUAGE INSTRUCTOR WHO COMES IN TWICE A WEEK TO TEACH ASL TO PARTICIPANTS AND EMPLOYEES. THERE ARE 86 INDIVIDUALS IN ADULT TRAINING SERVICES.
FAMILY SUPPORT SERVICES PROVIDES INDIVIDUALIZED SERVICES TO PEOPLE WITH DISABILITIES AND THEIR FAMILIES. CURRENTLY AUTHORIZED TO PROVIDE HABILITATION SUPPORTS, COMPANIONSHIP SERVICES AND HOST RESPITE TO OVER 22 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel E Wiekrykas President | OfficerTrustee | 1 | $0 |
Jonathan C Becker Vice President | OfficerTrustee | 1 | $0 |
Michael Billera-Smith Treasurer | OfficerTrustee | 1 | $0 |
Susan Kolb Secretary Thru Dec 2022 | OfficerTrustee | 1 | $0 |
Nicholas Thomas Secretary As Of Jan 2023 | OfficerTrustee | 1 | $0 |
Mark Chaknos Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rich's Automotive Sales & Service Auto Repairs & Service | 6/29/19 | $405,031 |
Bachman Roofing Inc Roof Replacment & Repairs | 6/29/19 | $253,225 |
Dilliplaine Floor Covering Carpetbagger Floor Materials & Install | 6/29/19 | $162,146 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,985 |
| Related organizations | $0 |
| Government grants | $466,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $840,292 |
| Noncash contributions included in lines 1a–1f | $4,727 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,347,399 |
| Total Program Service Revenue | $17,437,209 |
| Investment income | $84,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,327 |
| Net Income from Fundraising Events | $7,940 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,902,658 |
| 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. | $500,203 |
| Compensation of current officers, directors, key employees. | $500,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,422,094 |
| Pension plan accruals and contributions | $271,367 |
| Other employee benefits | $2,358,024 |
| Payroll taxes | $801,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,261 |
| Fees for services: Accounting | $128,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,206 |
| Fees for services: Other | $83,333 |
| Advertising and promotion | $0 |
| Office expenses | $127,127 |
| Information technology | $229,640 |
| Royalties | $0 |
| Occupancy | $547,618 |
| Travel | $11,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,718 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $527,400 |
| Insurance | $155,916 |
| All other expenses | $114,134 |
| Total functional expenses | $18,240,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,798,103 |
| Savings and temporary cash investments | $3,322,688 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,638,549 |
| 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 | $59,124 |
| Net Land, buildings, and equipment | $7,025,585 |
| Investments—publicly traded securities | $1,289,046 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $491,132 |
| Total assets | $19,624,227 |
| Accounts payable and accrued expenses | $1,625,426 |
| Grants payable | $0 |
| Deferred revenue | $40,090 |
| 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 | $1,955,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $421,727 |
| Total liabilities | $4,042,343 |
| Net assets without donor restrictions | $15,563,875 |
| Net assets with donor restrictions | $18,009 |
| 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 | $19,624,227 |