East Shore Industries Inc
- Assets
- $6.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 63
- Location
- Algoma, WI
- Founding
- 06/1974
- Data as of
- 12/2023
- EIN
- 39-1147668
Organization Overview
East Shore Industries Inc is located in Algoma, WI. The organization was established in 1974. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2023, East Shore Industries Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Shore 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 12/2023, East Shore Industries Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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 ASSIST INDIVIDUALS WITH DISABILITIES IN OBTAINING THEIR PERSONAL INDEPENDENCE AND EMPLOYMENT GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL SERVICES
MOPS/SUBCONTRACT
DAY SERVICES
TRANSPORTATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kacy Rohr Director | Trustee | 1 | $0 |
Paula Wiese Director | Trustee | 1 | $0 |
Ray Thillman Director | Trustee | 1 | $0 |
Tim Treml Director | Trustee | 1 | $0 |
Tom Zenner Director | Trustee | 1 | $0 |
Peggy Kohnle Director | Trustee | 1 | $0 |
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 | $107,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,168 |
| Total Program Service Revenue | $1,099,592 |
| Investment income | $78,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,926 |
| Net Income from Fundraising Events | $57,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $113,446 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,472,029 |
| 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 | $1,013,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,856 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,904 |
| Advertising and promotion | $34,535 |
| Office expenses | $9,106 |
| Information technology | $32,369 |
| Royalties | $0 |
| Occupancy | $18,370 |
| Travel | $2,999 |
| 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 | $168,015 |
| Insurance | $0 |
| All other expenses | $70,588 |
| Total functional expenses | $1,489,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,659 |
| Savings and temporary cash investments | $589,704 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $121,365 |
| Prepaid expenses and deferred charges | $17,677 |
| Net Land, buildings, and equipment | $1,143,656 |
| Investments—publicly traded securities | $3,871,034 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,024,885 |
| Accounts payable and accrued expenses | $102,001 |
| Grants payable | $0 |
| Deferred revenue | $22,341 |
| 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 | $124,342 |
| Net assets without donor restrictions | $5,168,781 |
| Net assets with donor restrictions | $731,762 |
| 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 | $6,024,885 |