Employment Technology Inc
- Assets
- $105.8k
- Revenue
- $479.4k
- Investments
- $0.0
- Employees
- 20
- Location
- Reading, PA
- Founding
- 11/1987
- Data as of
- 06/2023
- 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 06/2023, Employment Technology Inc employed 20 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 06/2023, Employment Technology Inc generated $479.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $450.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 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
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, 2023, 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 | $41,440 |
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 | $476,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $478,985 |
| Total Program Service Revenue | $0 |
| Investment income | $421 |
| 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 | $479,406 |
| 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. | $46,318 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,521 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,260 |
| Payroll taxes | $26,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,220 |
| 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 | $2,733 |
| Information technology | $7,330 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,916 |
| Insurance | $10,204 |
| All other expenses | $44 |
| Total functional expenses | $450,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,836 |
| Savings and temporary cash investments | $29,678 |
| Pledges and grants receivable | $34,244 |
| 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 | $23,408 |
| Investments—publicly traded securities | $14,106 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,542 |
| Total assets | $105,814 |
| Accounts payable and accrued expenses | $15,229 |
| 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 | $7,170 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,399 |
| Net assets without donor restrictions | $83,415 |
| 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 | $105,814 |