Golden String Inc
- Assets
- $1.8m
- Revenue
- $827.4k
- Investments
- $0.0
- Employees
- 59
- Location
- Youngstown, OH
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 34-1945521
Organization Overview
Golden String Inc is located in Youngstown, OH. The organization was established in 2001. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Golden String Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden String 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 12/2021, Golden String Inc generated $827.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $384.1k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE FOR OUR FRIENDS WITH DISABLITIES IN OUR SURROUNDING COMMUNITIES. OUR GOAL IS TO HELP ADULTS AND CHILDREN WITH DISABILITIES TO REALIZE THEIR FULLEST POTENTIAL BY OFFERING SOCIALIZATION, RECREATION AND COMMUNITY BASED ACTIVITIES THROUGHOUT THE MAHONING VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNSELING - PROVIDES COUNSELING AND TRAINING FOR PARENTS AND ADVOCATES TO ULTIMATELY HELP THEM AND THEIR CHILDREN LEAD A BETTER QUALITY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James F Sutman Executive Director | Officer | 10 | $0 |
Jill Perencevic Assistant Executive Direct | Officer | 10 | $0 |
David Blasko President | Trustee | 1 | $0 |
Dini Ricchiuti Treasurer | Trustee | 1 | $0 |
Joanne Franks Trustee | Trustee | 1 | $0 |
Jerry Depascale Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $532,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,988 |
| Total Program Service Revenue | $231,184 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,243 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $827,415 |
| 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 | $136,230 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $328 |
| Office expenses | $1,791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,257 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,821 |
| Insurance | $6,600 |
| All other expenses | $19,911 |
| Total functional expenses | $384,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $464,942 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,727 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,094,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,000 |
| Total assets | $1,791,319 |
| Accounts payable and accrued expenses | $4,715 |
| 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 | $46,957 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $51,672 |
| Net assets without donor restrictions | $1,639,647 |
| Net assets with donor restrictions | $100,000 |
| 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 | $1,791,319 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Golden String Inc has recieved totaling $134,564.
| Awarding Organization | Amount |
|---|---|
Mahoning Valley Hospital Inc Canfield, OH PURPOSE: ADULTS WITH DISABILITIES PROGRAM | $106,000 |
Community Foundation Of Mahoning Valley Youngstown, OH PURPOSE: PROGRAM SUPPORT | $12,500 |
Walter E & Caroline H Watson Foundation Pittsburgh, PA PURPOSE: GABBACAMP | $10,000 |
Handel Foundation Inc Boardman, OH PURPOSE: EDUCATION | $5,383 |
Baird Foundation Inc Milwaukee, WI PURPOSE: HEALTH AND HUMAN SERVICES | $588 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $93 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Gertrude A Barber Center Inc Erie, PA | $51,676,783 | $81,656,066 |
Special People In Northeast Inc Spin Center Philadelphia, PA | $40,173,863 | $79,124,393 |
Community Living Services Inc Wayne, MI | $19,179,653 | $79,826,108 |
Step By Step Inc Wilkes Barre, PA | $34,766,610 | $77,394,755 |
Lycoming-Clinton Joinder Board Williamsport, PA | $25,506,489 | $75,903,170 |
Supportive Concepts For Families Inc Reading, PA | $18,791,646 | $75,001,291 |
Damar Services Inc Indianapolis, IN | $55,415,839 | $82,679,779 |
I Am Boundless Inc Worthington, OH | $27,185,740 | $70,512,439 |
Skills Of Central Pennsylvania Inc State College, PA | $42,943,859 | $69,002,968 |
Hattie Larlham Center For Children With Disabilities Mantua, OH | $39,938,774 | $55,930,058 |
Easter Seals-Michigan Inc Auburn Hills, MI | $35,605,524 | $58,398,151 |
Fayette Resources Incorporated Uniontown, PA | $28,962,203 | $52,518,059 |