Fayette Resources Incorporated
- Assets
- $38.4m
- Revenue
- $61.8m
- Investments
- $0.0
- Employees
- 979
- Location
- Uniontown, PA
- Founding
- 04/1992
- Data as of
- 06/2024
- EIN
- 25-1660280
Organization Overview
Fayette Resources Incorporated is located in Uniontown, PA. The organization was established in 1992. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2024, Fayette Resources Incorporated employed 979 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayette Resources 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 06/2024, Fayette Resources Incorporated generated $61.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $54.9m during the year ending 06/2024. While expenses have increased by 5.2% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OPPORTUNITY FOR GROWTH AND DEVELOPMENT FOR THE DEVELOPMENTALLY DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE AND OTHER PROGRAMS-TO PROVIDE OPPORTUNITIES FOR GROWTH, LEARNING, AND DEVELOPMENT FOR INDIVIDUALS WHO ARE DEVELOPMENTALLY DISABLED.
FAYETTE MH/MR PROGRAM - TO PROVIDE OPPORTUNITIES FOR GROWTH, LEARNING, AND DEVELOPMENT FOR INDIVIDUALS WHO ARE DEVELOPMENTALLY DISABLED.
ALLEGHENY COUNTY MH/MR PROGRAM -TO PROVIDE OPPORTUNITIES FOR GROWTH, LEARNING, AND DEVELOPMENT FOR INDIVIDUALS WHO ARE DEVELOPMENTALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Ferencak President/chairperson | OfficerTrustee | 1 | $0 |
Nancy Davis Director | Trustee | 1 | $0 |
Kathy Susano Morris Chief Executive Officer | OfficerTrustee | 40 | $217,286 |
Charlotte Haywood Director | Trustee | 1 | $0 |
Angie Cerrati Director | Trustee | 1 | $0 |
Vincent Weaver 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $61,069,076 |
| Investment income | $710,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,177 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,844,635 |
| 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. | $217,286 |
| Compensation of current officers, directors, key employees. | $217,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,385,828 |
| Pension plan accruals and contributions | $623,506 |
| Other employee benefits | $5,144,720 |
| Payroll taxes | $2,656,912 |
| Fees for services: Management | $0 |
| 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 | $1,063,881 |
| Advertising and promotion | $0 |
| Office expenses | $391,595 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,103,969 |
| Travel | $740,945 |
| 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 | $0 |
| Insurance | $475,440 |
| All other expenses | $468,001 |
| Total functional expenses | $54,884,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,132,991 |
| Savings and temporary cash investments | $19,929,764 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,709,438 |
| 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 | $137,131 |
| Net Land, buildings, and equipment | $10,475,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,384,893 |
| Accounts payable and accrued expenses | $2,450,004 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,330,184 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,928,849 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $325,894 |
| Total liabilities | $7,034,931 |
| Net assets without donor restrictions | $31,349,962 |
| 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 | $38,384,893 |