Svrc Industries Inc
- Assets
- $31.2m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 297
- Location
- Saginaw, MI
- Founding
- 06/1967
- Data as of
- 12/2022
- EIN
- 38-1740297
Organization Overview
Svrc Industries Inc is located in Saginaw, MI. The organization was established in 1967. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2022, Svrc Industries Inc employed 297 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Svrc 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 12/2022, Svrc Industries Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $11.1m during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE AND SUSTAIN OPPORTUNITIES AND SUPPORT SYSTEMS FOR PERSONS WITH BARRIERS TO EMPLOYMENT AND COMMUNITY ACCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREAT LAKES BAY MI WORKS PATH - TO PROVIDE ASSISTANCE TO INDIVIDUALS SEEKING EMPLOYMENT
ISD SCHOOL-BASED PROGRAMS - PROVIDE SCHOOL-BASED PROGRAMS AND SERVICES, SUCH AS SPEECH/LANGUAGE, TEACHERS, SCHOOLTOWORK, AND OTHER AIDS TO THE DISTRICT. SHIAWASSEE WIOA/PATH PROGRAM - PROVIDE EMPLOYMENT/TRAINING SERVICES TO ASSIST INDIVIDUALS IN FINDING/QUALIFYING FOR MEANINGFUL EMPLOYMENT. GREAT LAKES BAY MI WORKS WIOA YOUTH PROVIDE CAREER EXPLORATION AND GUIDANCE, SUPPORT FOR EDUCATIONAL ATTAINMENT, OPPORTUNITIES FOR OCCUPATIONAL SKILLS TRAINING, AND EMPLOYMENT OR OTHER POSTSECONDARY EDUCATION ENROLLMENT. GREAT LAKES BAY MI WORKS WIOA PROGRAM - PROVIDE EMPLOYMENT/TRAINING SERVICES TO ASSIST INDIVIDUALS IN FINDING/QUALIFYING FOR MEANINGFUL EMPLOYMENT. MANAGMENT SERVICES FOR LEARN TO EARN ACADEMY. MANAGEMENT SERVICES TO THE SVRC MARKETPLACE.
GREAT LAKES BAY MI WORKS PATH - TO PROVIDE ASSISTANCE TO INDIVIDUALS SEEKING EMPLOYMENT
ISD SCHOOL-BASED PROGRAMS - PROVIDE SCHOOL-BASED PROGRAMS AND SERVICES, SUCH AS SPEECH/LANGUAGE, TEACHERS, SCHOOLTOWORK, AND OTHER AIDS TO THE DISTRICT. SHIAWASSEE WIOA/PATH PROGRAM - PROVIDE EMPLOYMENT/TRAINING SERVICES TO ASSIST INDIVIDUALS IN FINDING/QUALIFYING FOR MEANINGFUL EMPLOYMENT. GREAT LAKES BAY MI WORKS WIOA YOUTH PROVIDE CAREER EXPLORATION AND GUIDANCE, SUPPORT FOR EDUCATIONAL ATTAINMENT, OPPORTUNITIES FOR OCCUPATIONAL SKILLS TRAINING, AND EMPLOYMENT OR OTHER POSTSECONDARY EDUCATION ENROLLMENT. GREAT LAKES BAY MI WORKS WIOA PROGRAM - PROVIDE EMPLOYMENT/TRAINING SERVICES TO ASSIST INDIVIDUALS IN FINDING/QUALIFYING FOR MEANINGFUL EMPLOYMENT. MANAGMENT SERVICES FOR LEARN TO EARN ACADEMY. MANAGEMENT SERVICES TO THE SVRC MARKETPLACE.
PRODUCTION/MANUFACTURING SERVICES - TO PROVIDE VOCATIONAL TRAINING, WORK EXPERIENCE AND EXTENDED WORK ADJUSTMENT IN REAL WORK SITUATIONS.
PRODUCTION/MANUFACTURING SERVICES - TO PROVIDE VOCATIONAL TRAINING, WORK EXPERIENCE AND EXTENDED WORK ADJUSTMENT IN REAL WORK SITUATIONS.
MY CHOICE PROGRAM - TO PROVIDE VOCATIONAL TRAINING, WORK EXPERIENCE AND EXTENDEND WORK ADJUSTMENT IN REAL WORK SITUATIONS.
MY CHOICE PROGRAM - TO PROVIDE VOCATIONAL TRAINING, WORK EXPERIENCE AND EXTENDEND WORK ADJUSTMENT IN REAL WORK SITUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Synder President/co | Officer | 40 | $235,389 |
Dean Emerson CEO | Officer | 40 | $172,360 |
Donna Green CFO | Officer | 40 | $121,155 |
Yolanda Bellinger Chief Clinic | Officer | 16 | $118,663 |
Charleen Boland Trustee | Trustee | 1 | $0 |
John Dunn Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $874,190 |
| Government grants | $4,898,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,775,664 |
| Total Program Service Revenue | $2,419,790 |
| Investment income | $20,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $195,739 |
| 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 | $12,194,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $344,233 |
| 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. | $738,608 |
| Compensation of current officers, directors, key employees. | $738,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,384,615 |
| Pension plan accruals and contributions | $180,530 |
| Other employee benefits | $385,062 |
| Payroll taxes | $352,878 |
| Fees for services: Management | $169,083 |
| Fees for services: Legal | $39,957 |
| Fees for services: Accounting | $264,058 |
| 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 | $353,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $432,012 |
| Travel | $18,786 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,672 |
| Interest | $383,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $323,384 |
| Insurance | $75,844 |
| All other expenses | $259,174 |
| Total functional expenses | $11,055,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,235,941 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $591,010 |
| Prepaid expenses and deferred charges | $32,490 |
| Net Land, buildings, and equipment | $9,623,071 |
| Investments—publicly traded securities | $8,836,414 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,150,647 |
| Total assets | $31,187,008 |
| Accounts payable and accrued expenses | $1,259,497 |
| Grants payable | $0 |
| Deferred revenue | $10,505 |
| 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 | $9,017,304 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,837,955 |
| Total liabilities | $14,125,261 |
| Net assets without donor restrictions | $17,061,747 |
| 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 | $31,187,008 |
Grants Awarded
Over the last fiscal year, Svrc Industries Inc has awarded $180,512 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAGINAW INTERMEDIATE SCHOOL DISTRICT PURPOSE: SCHOOL-BASED PROGRAMS FOR PERSONS WITH DISABILITIES; HELP OFFSET COST OF SPECIAL EDUCATION MILLAGE. | $170,512 |
SAGINAW COUNTY COMMUNITY MENTAL HEALTH AUTHORITY PURPOSE: ASSIST WITH VOCATIONAL AND TRANSPORTATION SERVICES FOR PERSONS WITH DISIBILITIES. | $10,000 |