Wasco Inc
- Assets
- $1.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 137
- Location
- Marietta, OH
- Founding
- 12/1971
- Data as of
- 12/2023
- EIN
- 31-0804746
Organization Overview
Wasco Inc is located in Marietta, OH. The organization was established in 1971. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Wasco Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wasco 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 12/2023, Wasco Inc generated $2.5m 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 (3.7%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STRIVE TO FIND & MAINTAIN MEANINGFUL & PRODUCTIVE EMPLOYMENT OPPORTUNITIES FOR MENTALLY & DEVELOPENTALLY DISABLED INDIVIDUALS IN SEARCH OF EMPLOYMENT BY MAINTAINING THE BELIEF THAT SOUND BUSINESS PRACTICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WASCO PROVIDES EMPLOYMENT AND JOB TRAINING TO MENTALLY/PHYSICALLY HANDICAPPED INDIVIDUALS IN WASHINGTON COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Brooker President | OfficerTrustee | 1 | $0 |
Cheryl Lang Director | Trustee | 1 | $0 |
Ryan Becker Vice President | OfficerTrustee | 1 | $0 |
Elaine Fullerton Director | Trustee | 1 | $0 |
Jazmine Wallace Director | Trustee | 1 | $0 |
Alicia Simms Chief Executive Officer | Officer | 40 | $71,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,611 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,636 |
| Total Program Service Revenue | $2,441,747 |
| Investment income | $428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,242 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,627 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,523,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150 |
| 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. | $71,738 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,022,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,176 |
| Payroll taxes | $161,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,277 |
| Advertising and promotion | $0 |
| Office expenses | $4,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,572 |
| Travel | $146,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $764 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,399 |
| Insurance | $60,977 |
| All other expenses | $0 |
| Total functional expenses | $2,855,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,972 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $182,630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,986 |
| Prepaid expenses and deferred charges | $6,495 |
| Net Land, buildings, and equipment | $804,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,276,210 |
| Accounts payable and accrued expenses | $152,840 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $152,840 |
| Net assets without donor restrictions | $1,123,370 |
| 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 | $1,276,210 |