Arenac Opportunities Inc
- Assets
- $272.7k
- Revenue
- $432.3k
- Investments
- $0.0
- Employees
- 19
- Location
- Standish, MI
- Founding
- 04/1979
- Data as of
- 09/2021
- EIN
- 38-2129918
Organization Overview
Arenac Opportunities Inc is located in Standish, MI. The organization was established in 1979. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 09/2022, Arenac Opportunities Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arenac Opportunities 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 09/2021, Arenac Opportunities Inc generated $432.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $375.8k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GENERAL WELFARE OF THE MENTALLY HANDICAPPED IN ARENAC COUNTY, TO ENCOURAGE RESEARCH AND STUDY IN THE FIELD OF MENTAL HEALTH, AND TO DEVELOP A BETTER UNDERSTANDING OF THE PROBLEMS OF MENTAL HEALTH BY THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDE SKILL BUILDING, SHELTERED WORK AND SUPPORTED EMPLOYMENT FOR THE MENTALLY HANDICAPPED IN ARENAC COUNTY. IN ACCORDANCE WITH SERVICES PROMULGATED BY THE STATE OF MICHIAN AND MICHIGAN COMMUNITY MENTAL HEALTH SERVICES. THE CENTER SERVES AN AVERAGE OF 80 CLIENTS PER DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curt Hillman Chairman Of Boa | Trustee | 2 | $0 |
Deb Morgan Vice Chairman | Trustee | 2 | $0 |
Janet Ex Secretary | Trustee | 2 | $0 |
Gene Viola Director | Trustee | 2 | $0 |
Ray Gehlman Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $328,614 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $383,613 |
| Total Program Service Revenue | $45,355 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $432,306 |
| 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 | $196,777 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,579 |
| 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 | $27,968 |
| Advertising and promotion | $120 |
| Office expenses | $1,373 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,008 |
| Travel | $341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $175 |
| Interest | $5,268 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,575 |
| Insurance | $22,009 |
| All other expenses | $7,686 |
| Total functional expenses | $375,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,064 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,925 |
| 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 | $0 |
| Net Land, buildings, and equipment | $203,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $272,747 |
| Accounts payable and accrued expenses | $0 |
| 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 | $71,241 |
| Total liabilities | $71,241 |
| Net assets without donor restrictions | $201,506 |
| 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 | $272,747 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arenac Opportunities Inc has recieved totaling $175.
| Awarding Organization | Amount |
|---|---|
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arc Industries Inc Of Franklin County Ohio Columbus, OH | $52,265,161 | $33,720,416 |
Opportunity Enterprises Inc Valparaiso, IN | $17,973,324 | $20,835,387 |
Industries For The Blind And Visually Impaired Inc West Allis, WI | $80,204,002 | $10,367,576 |
Orc Industries Inc La Crosse, WI | $242,922,909 | $45,746,672 |
Svrc Industries Inc Saginaw, MI | $26,910,154 | $10,824,855 |
Saw Inc Maple Heights, OH | $6,395,410 | $10,960,526 |
Richland Newhope Industries Inc Mansfield, OH | $8,935,690 | $8,394,692 |
Weaver Industries Inc Akron, OH | $6,119,573 | $9,368,029 |
Tac Industries Inc Springfield, OH | $17,661,661 | $9,778,253 |
Bi-County Services Inc Bluffton, IN | $7,324,940 | $7,807,647 |
Workshops Inc Canton, OH | $5,457,390 | $7,999,125 |
Alpha Group Of Delaware Inc Delaware, OH | $7,565,752 | $7,411,638 |