East Shore Industries Inc
- Assets
- $5.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 64
- Location
- Algoma, WI
- Founding
- 06/1974
- Data as of
- 12/2021
- 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 12/2021, East Shore Industries Inc employed 64 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 12/2021, East Shore Industries Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 3.6% 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
2021
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
DAY SERVICES
TRANSPORTATION
MOPS/SUBCONTRACT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Weichelt President | Officer | 1 | $0 |
Dennis Abts Secretary/treasurer | Officer | 1 | $0 |
Terry Fulwiler Vice-President | Officer | 1 | $0 |
Ray Thillman Director | Trustee | 1 | $0 |
Tom Zenner Director | Trustee | 1 | $0 |
Tim Treml Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,611 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,951 |
| Total Program Service Revenue | $921,938 |
| Investment income | $64,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $186,971 |
| Net Income from Fundraising Events | $44,185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $112,142 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,681,541 |
| 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 | $874,757 |
| 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 | $14,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,415 |
| Advertising and promotion | $58,447 |
| Office expenses | $7,767 |
| Information technology | $19,409 |
| Royalties | $0 |
| Occupancy | $14,701 |
| Travel | $2,857 |
| 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 | $108,525 |
| Insurance | $0 |
| All other expenses | $51,285 |
| Total functional expenses | $1,261,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,518 |
| Savings and temporary cash investments | $522,250 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,618 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $113,874 |
| Prepaid expenses and deferred charges | $30,550 |
| Net Land, buildings, and equipment | $517,475 |
| Investments—publicly traded securities | $4,104,190 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,936,475 |
| Accounts payable and accrued expenses | $67,973 |
| Grants payable | $0 |
| Deferred revenue | $17,536 |
| 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 | $85,509 |
| Net assets without donor restrictions | $5,087,031 |
| Net assets with donor restrictions | $763,935 |
| 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 | $5,936,475 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that East Shore Industries Inc has recieved totaling $1,147.
| Awarding Organization | Amount |
|---|---|
Heyrman Construction Co Inc Fndtn Green Bay, WI PURPOSE: HELP DISABLED TO INDEPENDENCE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $147 |
Endowment Analysis
| Beg. Balance | $1,227,706 |
| Earnings | $137,188 |
| Admin Expense | $9,747 |
| Ending Balance | $1,355,147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie Shankman School Corporation Chicago, IL | $18,541,071 | $14,894,001 |
La Causa Inc Milwaukee, WI | $21,522,910 | $16,623,620 |
Summit Academy Oic Minneapolis, MN | $17,542,372 | $16,544,974 |
Groves Academy St Louis Park, MN | $27,486,120 | $17,504,895 |
Giant Steps Illinois Inc Lisle, IL | $11,784,298 | $12,524,007 |
Chileda Institute Inc La Crosse, WI | $16,643,719 | $12,257,585 |
Park Lawn School And Activity Center Oak Lawn, IL | $3,052,012 | $10,616,192 |
Cove School Inc Northbrook, IL | $12,796,735 | $10,362,338 |
Hadley Institute For The Blind And Visually Impaired Winnetka, IL | $99,224,802 | $15,744,483 |
Northeast Residence Inc White Bear Lake, MN | $10,561,990 | $9,409,360 |
Keshet Northbrook, IL | $16,526,441 | $12,193,321 |
Metro Deaf School Inc Saint Paul, MN | $5,404,852 | $8,171,369 |