Fairfield Industries Inc
- Assets
- $625.3k
- Revenue
- $456.0k
- Investments
- $0.0
- Employees
- 50
- Location
- Lancaster, OH
- Founding
- 02/1977
- Data as of
- 12/2022
- EIN
- 31-0889425
Organization Overview
Fairfield Industries Inc is located in Lancaster, OH. The organization was established in 1977. 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, Fairfield Industries Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield 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 12/2022, Fairfield Industries Inc generated $456.0k 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 (7.1%) each year. All expenses for the organization totaled $487.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) 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
THE MISSION OF FAIRFIELD INDUSTRIES, INC. IS TO WORK WITH FAIRFIELD COUNTY BOARD OF DEVELOPMENTAL DISABILITIES AND OTHER ENTITIES TO PROVIDE SUPPORT FOR TRAINING IN MARKETABLE WORK SKILLS AND OPPORTUNITIES FOR PAID EMPLOYMENT FOR INDIVIDUALS WITH DISABILITIES. FAIRFIELD INDUSTRIES WILL UTILIZE ITS RESOURCES TO SUPPORT ACTIVITIES AND EMPLOYMENT OPPORTUNITIES THAT EMPHASIZE COMMUNITY INTEGRATION. INDIVIDUALS, THROUGH FCBDD, WILL PARTICIPATE IN CHOOSING THEIR EMPLOYMENT AND TRAINING OPPORTUNITIES AND WILL HAVE THE OPPORTUNITY TO DEVELOP SIGNIFICANT, VALUED ROLES IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK PROGRAMS: WORK PERFORMED BY HANDICAPPED ADULTS IN VARIOUS BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry J Morris Fiscal Offic | OfficerTrustee | 20 | $4,800 |
Brad Changet Bd Member | Trustee | 1 | $0 |
Todd George President | OfficerTrustee | 2 | $0 |
John Hammond Secretary | OfficerTrustee | 1 | $0 |
Sheri Mcclurg Bd Member | Trustee | 1 | $0 |
Michael Mitchel Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,388 |
| 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 | $38,388 |
| Total Program Service Revenue | $403,939 |
| Investment income | $13,661 |
| 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 | $455,988 |
| 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 | $167,871 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,560 |
| Fees for services: Management | $7,708 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,467 |
| Advertising and promotion | $12,012 |
| Office expenses | $143 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $619 |
| Insurance | $3,002 |
| All other expenses | $7,019 |
| Total functional expenses | $487,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,120 |
| Savings and temporary cash investments | $31,144 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,186 |
| Prepaid expenses and deferred charges | $508 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $480,356 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $625,316 |
| Accounts payable and accrued expenses | $60,668 |
| 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 | $60,668 |
| Net assets without donor restrictions | $564,648 |
| 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 | $625,316 |