Societys Assets Incorporated

Organization Overview

Societys Assets Incorporated is located in Racine, WI. The organization was established in 2000. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2021, Societys Assets Incorporated employed 588 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Societys Assets Incorporated 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 06/2021, Societys Assets Incorporated generated $8.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $6.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HELP DISABLED PERSONS LIVE INDEPENDENTLY. TO ENSURE THE RIGHTS OF ALL PERSONS WITH DISABILITIES TO LIVE AND FUNCTION AS INDEPENDENTLY AS POSSIBLE IN THE COMMUNITY OF THEIR CHOICE THROUGH SUPPORTING INDIVIDUALS' EFFORT TO ACHIEVE CONTROL OVER THEIR LIVES AND BECOME INTEGRATED INTO COMMUNITY LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INDEPENDENT LIVING PROGRAM: INFORMATION & REFERRAL, CASE MANAGEMENT COUNSELING, INDEPENDENT LIVING SKILLS TRAINING, TECHNICAL ASSISTANCE & CONSULTATION SERVICES DIRECTED AT ENABLING PHYSICALLY DISABLED PERSONS TO BECOME MORE INDEPENDENT


HOME/PERSONAL MAINTENANCE PROGRAM: SUPPORTIVE HOME CARE SERVICES FOR PERSONS WITH SEVERE PHYSICAL DISABILITIES


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Board, Officers & Key Employees

Name (title)Compensation
Karl Kopp
Executive Director
$92,728
Carol Schaufel
Vice-Chairperson
$0
Eric Bertelsen
Sec/treas
$0
Terri Gilliland
Chairperson
$0
Henry Denton
Board Member
$0
Adrienne Stiger
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $446,868
All other contributions, gifts, grants, and similar amounts not included above$91,659
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$538,527
Total Program Service Revenue$6,419,985
Investment income $134,544
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,004
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,553,625

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Societys Assets Incorporated has recieved totaling $24,855.

Awarding OrganizationAmount
United Way Of Racine County Inc

Racine, WI

PURPOSE: TRAINING AND TECHNOLOGY PROGRAM

$24,855
View Grant Recipient Profile

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