First Capital Enterprises Inc
- Assets
- $2.8m
- Revenue
- $1.6m
- Investments
- $1.5m
- Employees
- 40
- Location
- Chillicothe, OH
- Founding
- 07/1973
- Data as of
- 12/2022
- EIN
- 31-0825629
Organization Overview
First Capital Enterprises Inc is located in Chillicothe, OH. The organization was established in 1973. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2022, First Capital Enterprises Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Capital Enterprises 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 12/2022, First Capital Enterprises Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VOCATIONAL TRAINING & SHELTERED EMPLOYMENT FOR DEVELOPMENTALLY DISABLED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS CONSIST OF VOCATIONAL TRAINING AND SHELTERED EMPLOYMENT FOR DEVELOPMENTALLY DISABLED ADULTS. VARIOUS SELF-HELP TRAINING IS OFFERED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Martin Director | Trustee | 1 | $0 |
Greg Obi Director | Trustee | 1 | $0 |
Kelly Kight Director | Trustee | 1 | $0 |
Alex Smith Director | Trustee | 1 | $0 |
Betty Putnam Director | Trustee | 1 | $0 |
Marcia Clark Chair | Officer | 2 | $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 | $33,178 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,178 |
| Total Program Service Revenue | $1,507,608 |
| Investment income | $44,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,915 |
| Net Income from Fundraising Events | $1,656 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,629,366 |
| 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 | $892,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,001 |
| Payroll taxes | $72,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,956 |
| Advertising and promotion | $6,401 |
| Office expenses | $294 |
| Information technology | $36,985 |
| Royalties | $0 |
| Occupancy | $35,696 |
| Travel | $722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,416 |
| Insurance | $43,800 |
| All other expenses | $27,751 |
| Total functional expenses | $1,629,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,636 |
| Savings and temporary cash investments | $59,036 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,505 |
| 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 | $29,296 |
| Net Land, buildings, and equipment | $1,115,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,474,807 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,847,841 |
| Accounts payable and accrued expenses | $62,606 |
| 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 | $188,762 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $389,233 |
| Total liabilities | $640,601 |
| Net assets without donor restrictions | $2,207,240 |
| 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 | $2,847,841 |