Sasc Inc
- Assets
- $10.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 26-2512451
Organization Overview
Sasc Inc, operating under the name Providence Court, is located in Milwaukee, WI. The organization was established in 1946. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Providence Court 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, Providence Court generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SASC, INC. ("THE ORGANIZATION") PROVIDES LONG-TERM CARE FOR THE ELDERLY. THE REVENUE IS GENERATED BY PROVIDING HOUSING, FOOD AND CARE TO THE ELDERLY RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A WISCONSIN NONPROFIT ORGANIZATION, ORGANIZED FOR THE PURPOSE OF OWNING AND OPERATING A 55-BED FACILITY, COMMUNITY-BASED RESIDENTIAL FACILITY (CBRF) FOR THE ELDERLY AND SERVES THE PHYSICAL, MENTAL, EMOTIONAL, AND SPIRITUAL NEEDS OF ITS RESIDENTS. THE ORGANIZATION PRESENTS A NEW HOLISTIC APPROACH TO RESIDENTIAL COMMUNITY CARE - ASSISTED LIVING APARTMENTS WITH 24/7 ATTENTION. THE ORGANIZATION HOSTS SPACIOUS STUDIO APARTMENTS FEATURING A PRIVATE BATHROOM AND KITCHENETTE COMPLETE WITH MICROWAVE AND REFRIGERATOR. THE STUDIO APARTMENTS ARE CENTERED ON A HOUSEHOLD MODEL INCLUDING A SHARED FAMILY ROOM, DINING ROOM, LIBRARY, SPA AND ACTIVITY ROOM. OTHER AMENITIES INCLUDE A BEAUTY SHOP, COURTYARD, AND PATIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Schulz Chairperson | OfficerTrustee | 1 | $0 |
David Bartel Vice-Chairperson | OfficerTrustee | 1 | $0 |
Mary Kelly-Powell Secretary | OfficerTrustee | 1 | $0 |
Michael Peer Treasurer | OfficerTrustee | 1 | $0 |
Janet Krahn President Of St. Anne's | Officer | 1 | $0 |
Sr Virginia Honish Sds Sponsorship | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,889 |
| 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 | $115,889 |
| Total Program Service Revenue | $2,666,465 |
| Investment income | $45,391 |
| 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 | $2,827,745 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $106,659 |
| 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 | $1,706,037 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $232,825 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272,154 |
| Insurance | $0 |
| All other expenses | $2,370 |
| Total functional expenses | $2,320,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,370,979 |
| Savings and temporary cash investments | $4,841,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,107 |
| 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 | $9,568 |
| Net Land, buildings, and equipment | $3,916,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $185,245 |
| Total assets | $10,368,422 |
| Accounts payable and accrued expenses | $48,327 |
| Grants payable | $0 |
| Deferred revenue | $106,081 |
| Tax-exempt bond liabilities | $5,926,473 |
| 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 | $0 |
| Total liabilities | $6,080,881 |
| Net assets without donor restrictions | $4,287,541 |
| 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 | $10,368,422 |
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