Business Employment Skills Team Inc
- Assets
- $412.5k
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 79
- Location
- Oglesby, IL
- Founding
- 02/1985
- Data as of
- 06/2023
- EIN
- 36-3297621
Organization Overview
Business Employment Skills Team Inc, operating under the name Best Inc, is located in Oglesby, IL. The organization was established in 1985. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2023, Best Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Best 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, Best Inc generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S FUNCTION IS TRAINING AND JOB PLACEMENT OF YOUTH, ADULT, AND DISLOCATED WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S FUNCTION IS TRAINING AND JOB PLACEMENT OF YOUTH, ADULT, AND DISLOCATED WORKERS. THE OBJECTIVES OF THE VARIOUS WIOA PROGRAMS ARE TO ESTABLISH PROGRAMS TO PREPARE YOUTH AND UNSKILLED ADULTS TO ENTER INTO THE LABOR FORCE. THIS IS ACCOMPLISHED BY PROVIDING JOB TRAINING AND EMPLOYMENT SERVICES FOR ECONOMICALLY DISADVANTAGED, UNEMPLOYED OR UNDEREMPLOYED PERSONS, UPGRADING FOR PERSONS WORKING AT LESS THAN FULL SKILL POTENTIAL AND RETRAINING PROGRAMS FOR PERSONS HAVING RECEIVED NOTICE OF IMPENDING LAY-OFF WITH LITTLE RE-EMPLOYMENT OPPORTUNITY AND SUPPORTIVE SERVICES WHICH ENABLE ELIGIBLE INDIVIDUALS TO PARTICIPATE IN THE PROGRAM AND CONTRIBUTE TO THEIR SELF-SUFFICIENCY. BUSINESS EMPLOYMENT SKILLS TEAM, INC. ALSO ADMINISTERS THE TRADE ADJUSTMENT ASSISTANCE WORKERS PROGRAM. THIS PROGRAM PROVIDES ADJUSTMENT ASSISTANCE TO QUALIFIED WORKERS ADVERSELY AFFECTED BY FOREIGN TRADE WHICH WILL ASSIST THEM TO OBTAIN SUITABLE EMPLOYMENT. DURING THE PROGRAM YEAR 7/1/14-6/30/15, BUSINESS EMPLOYMENT SKILLS TEAM, INC. MERGED WITH A NEIGHBORING WORKFORCE AREA INCREASING OUR NUMBER OF COUNTIES THAT ARE SERVED FROM FOUR TO EIGHT. DURING THE CURRENT FISCAL YEAR, BUSINESS EMPLOYMENT SKILLS TEAM, INC. SERVED 229 ADULTS, 231 YOUTH, 58 DISLOCATED WORKERS, 0 OTHER DISLOCATED WORKERS (1-E), AND 3 TRADE ADJUSTMENT ASSISTANCE CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Enbom Co-Chair | OfficerTrustee | 0.5 | $0 |
James Duffy Co-Chair | OfficerTrustee | 0.5 | $0 |
Steve Malavolti Secretary | OfficerTrustee | 0.5 | $0 |
Jamey Sulser Director | Trustee | 0.5 | $0 |
Wayne Reising Director | Trustee | 0.5 | $0 |
Gary Camarano Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,367,459 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,367,459 |
| Total Program Service Revenue | $0 |
| Investment income | $255 |
| 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 | $3,376,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,557,424 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,290 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $890,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $238,959 |
| Payroll taxes | $74,982 |
| 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 | $28,149 |
| Advertising and promotion | $0 |
| Office expenses | $6,734 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,167 |
| Travel | $37,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,009 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,495 |
| All other expenses | $22,541 |
| Total functional expenses | $3,333,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $19,432 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $192,136 |
| Total assets | $412,521 |
| Accounts payable and accrued expenses | $250,308 |
| 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 | $115,035 |
| Total liabilities | $365,343 |
| Net assets without donor restrictions | $47,178 |
| 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 | $412,521 |