Southern Indiana Resource Solutions Inc
- Assets
- $6.6m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 289
- Location
- Boonville, IN
- Founding
- 06/1969
- Data as of
- 06/2024
- EIN
- 35-1152797
Organization Overview
Southern Indiana Resource Solutions Inc is located in Boonville, IN. The organization was established in 1969. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2024, Southern Indiana Resource Solutions Inc employed 289 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Indiana Resource Solutions 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 06/2024, Southern Indiana Resource Solutions Inc generated $11.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $10.5m during the year ending 06/2024. While expenses have increased by 6.8% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE QUALITY OF LIFE OF PERSONS WITH DISABILITIES IN THE COMMUNITIES WE SERVE BY SUPPORTING FULL INCLUSION AND SELF-DETERMINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL REHABILITATION ACTIVITIES INCLUDING DIAGNOSIS, TESTING AND EVALUATION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Mullis President/ceo | Officer | 40 | $110,336 |
Melissa Sharp VP Of Finance Admin. | Officer | 40 | $89,625 |
Jason Martin Director | Trustee | 2 | $0 |
Madelyn Steen Director | Trustee | 2 | $0 |
Tabitha Heilman Director | Trustee | 2 | $0 |
Madison Fella Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,313,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,361,238 |
| Total Program Service Revenue | $6,455,526 |
| Investment income | $190,298 |
| 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 | $1,432,240 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,459,519 |
| 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. | $216,649 |
| Compensation of current officers, directors, key employees. | $95,812 |
| Compensation to disqualified persons | $6,840,164 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $2,502,329 |
| Advertising and promotion | $0 |
| Office expenses | $84,618 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,484 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $396,445 |
| Conferences, conventions, and meetings | $54,389 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,551 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,531,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,435,781 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $867,367 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $149,176 |
| Prepaid expenses and deferred charges | $97,327 |
| Net Land, buildings, and equipment | $480,233 |
| Investments—publicly traded securities | $579,877 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,356 |
| Total assets | $6,622,117 |
| Accounts payable and accrued expenses | $106,208 |
| Grants payable | $0 |
| Deferred revenue | $11,832 |
| 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 | $864,308 |
| Total liabilities | $982,348 |
| Net assets without donor restrictions | $5,617,413 |
| Net assets with donor restrictions | $22,356 |
| 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 | $6,622,117 |