Thumb Industries Inc
- Assets
- $3.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 123
- Location
- Bad Axe, MI
- Founding
- 11/1970
- Data as of
- 09/2022
- EIN
- 38-1915119
Organization Overview
Thumb Industries Inc is located in Bad Axe, MI. The organization was established in 1970. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 09/2022, Thumb Industries Inc employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thumb 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 09/2022, Thumb Industries Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.9m during the year ending 09/2022. While expenses have increased by 0.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE OTHER EXEMPT PURPOSE ACCOMPLISHMENTS
REHABILITATION SERVICES WERE PROVIDED FOR AN ESTIMATED 250 MENTALLY OR PHYSICALLY DISADVANTAGED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Drabek Treasurer | Officer | $0 | |
Tim Fritz President | Officer | $0 | |
Jan Holz Secretary | Officer | $0 | |
Jan Stoeckle Vice Preside | Officer | $0 | |
Rick Champagne Director | Trustee | $0 | |
Greg Newland Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,043 |
| All other contributions, gifts, grants, and similar amounts not included above | $509,500 |
| Noncash contributions included in lines 1a–1f | $9,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $521,543 |
| Total Program Service Revenue | $1,747,915 |
| Investment income | $16,943 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,200 |
| Net Gain/Loss on Asset Sales | $89,237 |
| Net Income from Fundraising Events | $64,410 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,479,640 |
| 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 | $1,260,982 |
| Pension plan accruals and contributions | $15,228 |
| Other employee benefits | $58,723 |
| Payroll taxes | $107,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,620 |
| Office expenses | $29,297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $189,059 |
| Travel | $7,117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,446 |
| Interest | $18,110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,415 |
| Insurance | $43,247 |
| All other expenses | $31,981 |
| Total functional expenses | $1,929,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,375 |
| Savings and temporary cash investments | $1,597,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274,025 |
| 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 | $9,452 |
| Net Land, buildings, and equipment | $1,539,560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,421,623 |
| Accounts payable and accrued expenses | $19,108 |
| 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 | $382,125 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,235 |
| Total liabilities | $480,468 |
| Net assets without donor restrictions | $2,938,615 |
| Net assets with donor restrictions | $2,540 |
| 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 | $3,421,623 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thumb Industries Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Brighton Foundation Trust Cashiers, NC PURPOSE: OPERATIONS | $2,000 |
Endowment Analysis
| Earnings | -$537 |
| Ending Balance | $2,540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Work Skills Corporation Brighton, MI | $12,915,306 | $19,905,891 |
Easter Seals Tristate Cincinnati, OH | $28,695,386 | $25,913,475 |
New Horizons Rehabilitation Services Inc Auburn Hills, MI | $18,392,704 | $14,428,866 |
Opportunities Inc Of Jefferson County Fort Atkinson, WI | $79,445,205 | $15,358,946 |
Opportunity Development Centers Inc Wisconsin Rapids, WI | $10,220,285 | $10,954,753 |
Southern Indiana Resource Solutions Inc Boonville, IN | $5,969,301 | $8,999,588 |
Vocational Guidance Services Cleveland, OH | $23,016,437 | $6,003,961 |
Societys Assets Incorporated Racine, WI | $11,118,310 | $8,553,625 |
Curative Connections Inc Green Bay, WI | $19,895,448 | $6,618,448 |
Valley Packaging Industries Inc Appleton, WI | $12,213,059 | $6,632,658 |
Mid-Michigan Industries Inc Mt Pleasant, MI | $4,175,047 | $5,762,803 |
Life Skills Centers Inc Clinton Township, MI | $4,779,310 | $5,049,492 |