Specialized Employment Services Inc
- Assets
- $325.4k
- Revenue
- $492.0k
- Investments
- $0.0
- Employees
- 42
- Location
- Flint, MI
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 38-3568257
Organization Overview
Specialized Employment Services Inc is located in Flint, MI. The organization was established in 2001. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Specialized Employment Services Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Specialized Employment Services 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 12/2023, Specialized Employment Services Inc generated $492.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $416.3k during the year ending 12/2023. 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
THE ORGANIZATION FOCUSES ITS EMPLOYMENT TRAINING AND PLACEMENT SERVICES ON CORE TRAINING SERVICES FOR INDIVIDUALS AND DISADVANTEGED YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES JOB TRAINING AND PLACEMENT SERVICES TO INDIVIDUALS IN VARIOUS LOCATIONS THROUGHT THE STATE OF MICHIGAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Walker Vice President | OfficerTrustee | 40 | $81,160 |
Name Not Listed Certified Public Accountant | Trustee | 4 | $17,220 |
Ronld S Brown President | OfficerTrustee | 8 | $0 |
Jeffrey A Hawkins Board Member | Trustee | $0 | |
Dr Kristine Dunn Board Member | Trustee | $0 | |
Hudy Handy Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $420,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $492,044 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,044 |
| 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. | $81,160 |
| Compensation of current officers, directors, key employees. | $3,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,334 |
| Pension plan accruals and contributions | $210 |
| Other employee benefits | $32,763 |
| Payroll taxes | $24,935 |
| 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 | $12,709 |
| Advertising and promotion | $0 |
| Office expenses | $3,558 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,221 |
| All other expenses | $0 |
| Total functional expenses | $416,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,000 |
| Accounts receivable, net | $0 |
| 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 | $5,545 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $325,419 |
| Accounts payable and accrued expenses | $11,625 |
| 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 | $0 |
| Total liabilities | $11,625 |
| Net assets without donor restrictions | $313,794 |
| 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 | $325,419 |