Baker Industries Inc
- Assets
- $6.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 211
- Location
- Malvern, PA
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 23-2560245
Organization Overview
Baker Industries Inc is located in Malvern, PA. The organization was established in 1990. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2023, Baker Industries Inc employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baker 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 12/2023, Baker Industries Inc generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
PROVIDE A PAID WORKFORCE DEVELOPMENT PROGRAM FOR ADULTS WITH DISABILITIES, SUBSTANCE USE DISORDERS, ON PAROLE/PROBATION, AND/OR HOMELESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A PAID WORKFORCE DEVELOPMENT PROGRAM FOR ADULTS WITH DISABILITIES, SUBSTANCE USE DISORDERS, ON PAROLE/PROBATION, AND/OR HOMELESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Bevan President & Treasurer | OfficerTrustee | 40 | $55,000 |
Charles P Baker III Co-Founder | Trustee | 1 | $0 |
Louise W Baker Co-Founder | Trustee | 1 | $12,640 |
John H Thacher Jr Vice Chair | Trustee | 25 | $54,700 |
Richard Ill Chairman | Trustee | 1 | $0 |
Vijay Aggarwal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,171,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,171,081 |
| Total Program Service Revenue | $758,759 |
| Investment income | $115,663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $95,520 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $111,640 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,257,094 |
| 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 | $0 |
| Other salaries and wages | $1,327,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,085 |
| Payroll taxes | $125,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,984 |
| Advertising and promotion | $8,026 |
| Office expenses | $6,673 |
| Information technology | $31,162 |
| Royalties | $0 |
| Occupancy | $157,906 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,297 |
| Insurance | $70,036 |
| All other expenses | $42,505 |
| Total functional expenses | $2,270,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,939 |
| Savings and temporary cash investments | $404,103 |
| Pledges and grants receivable | $563,049 |
| Accounts receivable, net | $140,008 |
| 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 | $1,307,574 |
| Investments—publicly traded securities | $3,620,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $469,492 |
| Total assets | $6,596,387 |
| Accounts payable and accrued expenses | $13,592 |
| 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 | $1,155,885 |
| Total liabilities | $1,169,477 |
| Net assets without donor restrictions | $4,302,151 |
| Net assets with donor restrictions | $1,124,759 |
| 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 | $6,596,387 |