Employment Technology Inc
- Assets
- $84.5k
- Revenue
- $470.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Reading, PA
- Founding
- 11/1987
- Data as of
- 06/2022
- EIN
- 23-2441462
Organization Overview
Employment Technology Inc is located in Reading, PA. The organization was established in 1987. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, Employment Technology Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employment Technology 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 06/2022, Employment Technology Inc generated $470.1k 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 (3.8%) each year. All expenses for the organization totaled $517.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE JOB PREPARATION, JOB TRAINING AND SUPPORTIVE SERVICES TO INVIDUALS WITH DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE YEAR ENDED JUNE 30, 2022, THE AGENCY SERVED 117 INDIVIDUALS WITH MODERATE TO SEVERE HANDICAPS BY PROVIDING THE INDIVIDUALS WITH JOB DEVELOPMENT, JOB TRAINING AND FOLLOW-UP SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
N Chris Carabello Executive Director | OfficerTrustee | 40 | $49,964 |
Courtney Herford President Of The Board | OfficerTrustee | 0.5 | $0 |
Virginia Cimorelli Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $468,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $469,786 |
| Total Program Service Revenue | $0 |
| Investment income | $344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $470,130 |
| 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. | $56,038 |
| Compensation of current officers, directors, key employees. | $8,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,549 |
| Payroll taxes | $28,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,871 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,011 |
| Information technology | $3,873 |
| Royalties | $0 |
| Occupancy | $26,391 |
| Travel | $26,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,120 |
| Insurance | $9,370 |
| All other expenses | $1,764 |
| Total functional expenses | $517,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,225 |
| Savings and temporary cash investments | $11,822 |
| Pledges and grants receivable | $39,317 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $16,186 |
| Investments—publicly traded securities | $12,423 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,544 |
| Total assets | $84,517 |
| Accounts payable and accrued expenses | $20,788 |
| 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 | $10,797 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,585 |
| Net assets without donor restrictions | $52,932 |
| 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 | $84,517 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Employment Technology Inc has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nysarc Inc Plattsburgh, NY | $17,616,173 | $35,732,920 |
Corporate Source Inc Garden City, NY | $23,910,461 | $27,653,054 |
Wildcat Service Corp New York, NY | $10,320,090 | $26,956,331 |
Alliance Inc Timonium, MD | $15,933,056 | $21,376,645 |
Community Work & Independence Inc Glens Falls, NY | $10,451,280 | $22,331,025 |
Hudson Community Enterprises Inc Jersey City, NJ | $11,931,222 | $18,486,775 |
Threshold Rehabilitation Services Inc Reading, PA | $11,899,909 | $17,640,016 |
Community Integrated Services Philadelphia, PA | $2,476,322 | $14,565,645 |
Easter Seals Tristate Cincinnati, OH | $28,695,386 | $25,913,475 |
Seec Corporation Silver Spring, MD | $9,412,245 | $16,148,887 |
Ardmore Enterprises Inc Lanham, MD | $12,191,941 | $13,293,594 |
Beaver County Rehabilitation Center Inc Aliquippa, PA | $10,513,213 | $9,961,243 |