Seneca Re-Ad Industries Inc
- Assets
- $1.3m
- Revenue
- $523.2k
- Investments
- $0.0
- Employees
- 85
- Location
- Fostoria, OH
- Founding
- 07/1976
- Data as of
- 06/2022
- EIN
- 34-1186050
Organization Overview
Seneca Re-Ad Industries Inc is located in Fostoria, OH. The organization was established in 1976. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Seneca Re-Ad Industries Inc employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seneca Re-Ad 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 06/2022, Seneca Re-Ad Industries Inc generated $523.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $402.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 5 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
SHELTERED WORKSHOP FOR DEVELOPMENTAL DISADVANTAGED INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTERED WORKSHOP FOR DEVELOPMENTAL DISADVANTAGED INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Smith President | Officer | 0 | $0 |
Janice Colman Secretary/treasurer | Officer | 0 | $0 |
Kathy Nye Board Member | Trustee | 0 | $0 |
Brian Cooper Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $144,040 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,212 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $252,976 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,909 |
| Fees for services: Management | $51,166 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,924 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $525 |
| 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 | $6,396 |
| Insurance | $15,552 |
| All other expenses | $0 |
| Total functional expenses | $402,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,248,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,568 |
| 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 | $2,422 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,316,791 |
| Accounts payable and accrued expenses | $26,649 |
| 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 | $26,649 |
| Net assets without donor restrictions | $1,290,142 |
| 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 |
| Total liabilities and net assets/fund balances | $1,290,142 |