Worksource Enterprises
- Assets
- $8.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 97
- Location
- Danville, IL
- Founding
- 08/1971
- Data as of
- 06/2023
- EIN
- 37-0922346
Organization Overview
Worksource Enterprises is located in Danville, IL. The organization was established in 1971. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2023, Worksource Enterprises employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worksource Enterprises 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, Worksource Enterprises generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. 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
TO PROVIDE EMPLOYMENT CHOICES AND OPPORTUNITIES FOR PERSONS WITH DISABILITIES ENABLING INDEPENDENCE AND VOCATIONAL SUCCESS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL DEVELOPMENT
IL DEPT OF TRANSPORTATION SALT AKETTLE REST AREA - EXPENSES 245,346 OFF SITE JANITORIAL CONTRACTS - EXPENSES 92,208
DEVELOPMENTAL TRAINING
SUPPORT EMPLOYMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandy Seabaugh President/ce | Officer | 40 | $94,800 |
Mary Ellen Baer Treasurer | Trustee | 1 | $0 |
Rhonda Brown Secretary | Trustee | 1 | $0 |
Kelly Freed Board Member | Trustee | 1 | $0 |
Tom Hashimoto Board Member | Trustee | 1 | $0 |
Tonya Hill Vice-Chairpe | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,866,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,734 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,897,469 |
| Total Program Service Revenue | $13,200 |
| Investment income | $489 |
| 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 | $93,240 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,375,007 |
| 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 | $1,150,014 |
| Pension plan accruals and contributions | $34,811 |
| Other employee benefits | $115,074 |
| Payroll taxes | $87,957 |
| 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 | $31,847 |
| Advertising and promotion | $3,409 |
| Office expenses | $15,497 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,851 |
| Travel | $149,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $702 |
| Interest | $19,621 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,194 |
| Insurance | $41,742 |
| All other expenses | $9,867 |
| Total functional expenses | $2,282,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $862,311 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $393,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86,232 |
| Prepaid expenses and deferred charges | $3,411 |
| Net Land, buildings, and equipment | $6,490,392 |
| Investments—publicly traded securities | $590,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,426,656 |
| Accounts payable and accrued expenses | $109,503 |
| 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 | $748,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $857,641 |
| Net assets without donor restrictions | $7,569,015 |
| 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 | $8,426,656 |