Search Inc
- Assets
- $26.9m
- Revenue
- $21.2m
- Investments
- $347.9k
- Employees
- 326
- Location
- Chicago, IL
- Founding
- 06/1970
- Data as of
- 06/2022
- EIN
- 23-7058758
Organization Overview
Search Inc is located in Chicago, IL. The organization was established in 1970. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Search Inc employed 326 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Search 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, Search Inc generated $21.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $20.2m during the year ending 06/2022. While expenses have increased by 1.3% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO ACHIEVE THEIR FULL POTENTIAL, ACCEPT A VALUED ROLE IN THEIR COMMUNITY, AND LEAD RICH, REWARDING LIVES.
Describe the Organization's Program Activity:
SEARCH ADULT LEARNING SERVICES PROVIDE INDIVIDUALS WITH A RICH COMBINATION OF CURRICULUM AND COMMUNITY BASED SERVICES DESIGNED TO APPEAL TO A BROAD RANGE OF INTERESTS. CURRICULUM TOPICS INCLUDE CREATIVE ARTS, HEALTH AND WELLNESS, PERSONAL DEVELOPMENT, SENSORY INTEGRATION, WORK SKILLS, INTERNET LITERACY AND SKILLS FOR LIFE. COMMUNITY LIFE INCLUDES A VARIETY OF VOLUNTEER AND COMMUNITY-BASED EXPERIENCES IN PARTNERSHIP WITH OTHER LOCAL AGENCIES. OTHER SERVICES INCLUDE AN IMMERSIVE VISUAL ARTS PROGRAM, HOME-BASED SERVICE FACILITATION AND BEHAVIORAL HEALTH SUPPORTS. INDIVIDUALS CAN PARTICIPATE IN PROGRAMS ON A FULL-TIME OR PART-TIME BASIS. SERVICES ARE DESIGNED TO MEET THE NEEDS AND PREFERENCES OF INDIVIDUALS WITH A WIDE RANGE OF INTELLECTUAL DISABILITIES, FROM MILD TO PROFOUND.
SEARCH SUPPORTED LIVING SERVICES CONSIST OF A BROAD RANGE OF SERVICES AND SUPPORTS FOR ADULTS WITH INTELLECTUAL DISABILITIES. THE DURATION AND FREQUENCY OF SERVICES IS BASED ON THE NEEDS AND PREFERENCES OF EACH INDIVIDUAL. INDIVIDUALS DECIDE THE SERVICES AND SUPPORTS THEY WILL RECEIVE IN THE SETTING AND COMMUNITY OF THEIR CHOICE. OPTIONS INCLUDE THE FAMILY HOME, SMALL GROUP HOME ARRANGEMENTS AND SEMI-INDEPENDENT, IN-HOME SETTINGS.
SEARCH COMMUNITY EMPLOYMENT SERVICES MATCH INDIVIDUALS TO EMPLOYERS IN THE LOCAL COMMUNITY. THIS PROGRAM OFFERS A FULL ARRAY OF JOB DEVELOPMENT AND PLACEMENT SERVICES. SERVICES INCLUDE VOCATIONAL ASSESSMENT, JOB COACHING, AS WELL AS ASSISTANCE IN THE AREAS OF INDEPENDENT TRAVEL, MANAGING WAGES AND BENEFITS, AS WELL AS BUILDING GOOD RELATIONSHIPS WITH CO-WORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Petersen President | Officer | 40 | $0 |
Cory Gumm Chief Executive Officer | Officer | 40 | $146,756 |
Linda Coleman Assistant Treasurer | Officer | 40 | $0 |
John Lipscomb Former President | 8 | $0 | |
Samantha Zajac Assistant Secretary | Officer | 40 | $0 |
Donna Catalano Former Executive Director | 15 | $43,109 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gt Mechanical Inc Hvac | 6/29/22 | $110,248 |
John Lipscomb Consultant | 6/29/22 | $60,000 |
United Parcel Service Shipping | 6/29/22 | $188,862 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $162,040 |
| Related organizations | $0 |
| Government grants | $198,215 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,150 |
| Total Program Service Revenue | $20,652,708 |
| Investment income | $4,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,679 |
| Net Income from Fundraising Events | -$73,508 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,200,559 |
| 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. | $537,846 |
| Compensation of current officers, directors, key employees. | $341,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,693,283 |
| Pension plan accruals and contributions | $501,951 |
| Other employee benefits | $1,525,540 |
| Payroll taxes | $839,982 |
| Fees for services: Management | $1,125,319 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,446,814 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $271,450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $683,395 |
| Insurance | $0 |
| All other expenses | $783,130 |
| Total functional expenses | $20,207,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,868,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,152,867 |
| 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 | $133,040 |
| Net Land, buildings, and equipment | $11,467,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $347,850 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $903,618 |
| Total assets | $26,873,667 |
| Accounts payable and accrued expenses | $2,392,088 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $8,280,376 |
| 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 | $881,798 |
| Total liabilities | $11,554,262 |
| Net assets without donor restrictions | $15,319,405 |
| 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 | $26,873,667 |