Peckham Vocational Industries Inc
- Assets
- $222.4m
- Revenue
- $273.7m
- Investments
- $393.1k
- Employees
- 3,817
- Location
- Lansing, MI
- Founding
- 10/1980
- Data as of
- 09/2023
- EIN
- 38-2322117
Organization Overview
Peckham Vocational Industries Inc is located in Lansing, MI. The organization was established in 1980. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 09/2023, Peckham Vocational Industries Inc employed 3,817 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peckham Vocational 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 09/2023, Peckham Vocational Industries Inc generated $273.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $269.2m during the year ending 09/2023. While expenses have increased by 4.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VOCATIONAL REHABILITATION SERVICES TO PERSONS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CONTACT CENTER SOLUTIONS AND THIRD PARTY LOGISTICS AND FULFILLMENT SERVICES TRAINING TO PERSONS WITH DISABILITIES. PROGRAM SERVED 2,674 PEOPLE.
PROVIDE MANUFACTURING VOCATIONAL TRAINING TO PERSONS WITH DISABILITIES. PROGRAM SERVED 1,135 PEOPLE.
PROVIDE REHABILITATION SERVICES TO PERSONS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT, WHICH WILL ASSIST THEM IN ACHIEVING THEIR MAXIMUM LEVEL OF VOCATIONAL, ECONOMIC, AND SOCIAL DEVELOPMENT. PROGRAM ENROLLMENT WAS 6,482.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Esther Onaga Director | Trustee | 1 | $0 |
Chris Wilson Director | Trustee | 1 | $0 |
Stanley Kogut Director | Trustee | 1 | $0 |
Wendy Hamilton Director | Trustee | 1 | $0 |
Charlotte Koger Director | Trustee | 1 | $0 |
Mary Gager Drew Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Signature Commercial Solutions Tis Hardware/support | 9/29/23 | $6,953,171 |
Sourceamerica Employment Support | 9/29/23 | $6,939,458 |
Goodwill Ind Of South Florida Employment Support | 9/29/23 | $4,631,632 |
Pioneer General Contractors Inc Employment Support | 9/29/23 | $4,103,402 |
Teksystems Inc Employment Support | 9/29/23 | $3,935,818 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $269,985,351 |
| Investment income | $3,081,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$28,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,733,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000,000 |
| 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. | $1,239,972 |
| Compensation of current officers, directors, key employees. | $1,239,972 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,752,892 |
| Pension plan accruals and contributions | $3,976,739 |
| Other employee benefits | $18,742,522 |
| Payroll taxes | $8,782,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,154 |
| Fees for services: Accounting | $111,658 |
| Fees for services: Lobbying | $10,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $444,700 |
| Fees for services: Other | $24,132,633 |
| Advertising and promotion | $0 |
| Office expenses | $7,830,865 |
| Information technology | $1,010,039 |
| Royalties | $0 |
| Occupancy | $16,826,938 |
| Travel | $757,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,838,885 |
| Insurance | $4,002,124 |
| All other expenses | $445,819 |
| Total functional expenses | $269,238,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,577 |
| Savings and temporary cash investments | $45,420,242 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,674,944 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,995,328 |
| Inventories for sale or use | $19,377,438 |
| Prepaid expenses and deferred charges | $3,195,985 |
| Net Land, buildings, and equipment | $29,237,419 |
| Investments—publicly traded securities | $73,724,165 |
| Investments—other securities | $393,072 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,268,443 |
| Total assets | $222,440,613 |
| Accounts payable and accrued expenses | $25,232,584 |
| 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 | $16,153,559 |
| Total liabilities | $41,386,143 |
| Net assets without donor restrictions | $181,054,470 |
| 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 | $222,440,613 |
Grants Awarded
Over the last fiscal year, Peckham Vocational Industries Inc has awarded $3,045,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSE OF RUTH PURPOSE: AMOUNTS FORGIVEN DURING THE YEAR ENDED SEPTEMBER 30, 2022 OWED BY HOUSE OF RUTH. | $45,000 |
PECKHAM COMMUNITY PARTNERSHIP FOUNDATION PURPOSE: TO PROVIDE FUNDS FOR PROGRAMS ADMINISTERED BY THE FOUNDATION FOR PECKHAM VOCATIONAL INDUSTRIES, INC. | $3,000,000 |