U-Co Industries Inc
- Assets
- $7.1m
- Revenue
- $788.3k
- Investments
- $0.0
- Employees
- 141
- Location
- Marysville, OH
- Founding
- 01/1976
- Data as of
- 06/2023
- EIN
- 31-0862418
Organization Overview
U-Co Industries Inc is located in Marysville, OH. The organization was established in 1976. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, U-Co Industries Inc employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U-Co Industries 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 06/2023, U-Co Industries Inc generated $788.3k 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 (5.9%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. 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 PROVIDE PAID EMPLOYMENT OPPORTUNITIES IN AN INTEGRATED SETTING FOR ADULTS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
U-CO INDUSTRIES IS AN EMPLOYER WHO PROVIDES TRAINING AND EMPLOYMENT FOR ADULTS WITH DISABILITIES. BY ITS NATURE AND CHARTER, U-CO GAINFULLY EMPLOYS THESE PEOPLE, PAYS THEM AN HOURLY OR PIECE RATE WAGE, AND SECURES BUSINESS WHICH GENERATES AN INCOME.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carman Wirtz President | OfficerTrustee | 1 | $0 |
Kimberly Cutler Trustee | Trustee | 1 | $0 |
Dan Ohler Trustee | Trustee | 1 | $0 |
Steve Cook Vice President | OfficerTrustee | 1 | $0 |
Dave Speicher Secretary/treasurer | OfficerTrustee | 1 | $0 |
Meloney Indiciani Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,625 |
| Total Program Service Revenue | $773,010 |
| Investment income | $7,705 |
| 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 | -$155,433 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $788,321 |
| 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. | $244,632 |
| Compensation of current officers, directors, key employees. | $244,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $225,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,297 |
| Payroll taxes | $56,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,040 |
| Fees for services: Accounting | $20,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,420 |
| Advertising and promotion | $13,641 |
| Office expenses | $15,365 |
| Information technology | $107,733 |
| Royalties | $0 |
| Occupancy | $68,543 |
| Travel | $43,115 |
| 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 | $209,757 |
| Insurance | $29,224 |
| All other expenses | $7,697 |
| Total functional expenses | $1,382,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,337,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,389,534 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $517,925 |
| Prepaid expenses and deferred charges | $33,746 |
| Net Land, buildings, and equipment | $3,539,230 |
| Investments—publicly traded securities | $307,236 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,125,510 |
| Accounts payable and accrued expenses | $1,247,189 |
| 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 | $8,000 |
| Total liabilities | $1,255,189 |
| Net assets without donor restrictions | $5,870,321 |
| 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 | $7,125,510 |