Customed Inc
- Assets
- $3.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 17
- Location
- Collingswood, NJ
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 27-4900249
Organization Overview
Customed Inc is located in Collingswood, NJ. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Customed Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Customed 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 12/2021, Customed Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EXTRAORDINARY EDUCATIONAL EXPERIENCES THAT INSPIRE & MOTIVATE LEARNERS OF ALL AGES.
Describe the Organization's Program Activity:
EDUCATIONAL EXPERIENCES - PROVIDING EXTRAORDINARY EDUCATIONAL EXPERIENCES FOR LEARNERS OF ALL AGES BY PROVIDING MANAGEMENT, DEVELOPMENT AND ASSISTANCE IN IMPLEMENTATION FOR VARIOUS CUSTOMIZABLE PROGRAMS. CUSTOMED HAS IMPACTED APPROXIMATELY 10,000,000 LEARNERS WITH 300 EVENTS AND 40 DIFFERENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Mccarty CEO & President | OfficerTrustee | 50 | $234,800 |
Megan Cucinotta Secretary | Officer | 40 | $59,285 |
Kirk Wheeler Board Vice Chair | OfficerTrustee | 1 | $0 |
Kristina Buck Board Chair | OfficerTrustee | 1 | $0 |
James Espino Treasurer | OfficerTrustee | 1 | $0 |
Linda Wayne Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $351,231 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,194 |
| Total Program Service Revenue | $1,336,157 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,130 |
| 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 | $78,774 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,800,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $322,047 |
| Compensation of current officers, directors, key employees. | $32,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $570,618 |
| Pension plan accruals and contributions | $67,881 |
| Other employee benefits | $103,889 |
| Payroll taxes | $78,288 |
| 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 | $52,211 |
| Advertising and promotion | $40,779 |
| Office expenses | $158,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,036 |
| Interest | $30,945 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,138 |
| Insurance | $38,421 |
| All other expenses | $0 |
| Total functional expenses | $1,642,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,611 |
| Savings and temporary cash investments | $551,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,331 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,410 |
| Prepaid expenses and deferred charges | $51,018 |
| Net Land, buildings, and equipment | $2,494,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,471,691 |
| Accounts payable and accrued expenses | $75,801 |
| 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 | $1,414,187 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,489,988 |
| Net assets without donor restrictions | $1,981,703 |
| 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 | $3,471,691 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Customed Inc has recieved totaling $6,471.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,342 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $129 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Families For Excellent Schools Inc Wilmington, DE | $10,176 | $5,945,808 |
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |
Unbounded Learning Inc New York, NY | $10,202,052 | $11,682,333 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |