Careers Industries Inc
- Assets
- $4.4m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 275
- Location
- Racine, WI
- Founding
- 01/1972
- Data as of
- 12/2021
- EIN
- 39-1168338
Organization Overview
Careers Industries Inc is located in Racine, WI. The organization was established in 1972. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2021, Careers Industries Inc employed 275 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careers 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, Careers Industries Inc generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 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
PROVIDE VOCATIONAL AND EDUCATIONAL TRAINING FOR DEVELOPMENTALLY DISABLED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT PROGRAMS - SERVICES INCLUDE VOCATIONAL AND EDUCATIONAL TRAINING FOR DEVELOPMENTALLY DISABLED ADULTS IN SOUTHEAST WISCONSIN.
SUBCONTRACTS - DEVELOPMENTALLY DISABLED ADULTS ARE EMPLOYED ON A SUBCONTRACT BASIS AT LOCAL COMPANIES.
INTEGRATED EMPLOYMENT - TO MATCH EMPLOYERS WITH PERSONS WITH DISABILITIES THAT HAVE THE SKILL, TALENTS, AND DESIRE TO WORK IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Greene Executive Director | Officer | 40 | $122,008 |
Sunday Muniz President | OfficerTrustee | 1 | $0 |
Drew Abram Vice President | OfficerTrustee | 1 | $0 |
David Titus Treasurer/secretary | OfficerTrustee | 1 | $0 |
Jennifer Hemmer President (thru 3/23/21) | OfficerTrustee | 1 | $0 |
Tim Bever Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,113,176 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,069 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,133,245 |
| Total Program Service Revenue | $1,288,641 |
| 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 | $393 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,520,531 |
| 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. | $143,930 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,223,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $368,335 |
| Payroll taxes | $179,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $475 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,267 |
| Fees for services: Other | $15,505 |
| Advertising and promotion | $0 |
| Office expenses | $167,738 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $190,215 |
| Travel | $12,054 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,138 |
| Insurance | $87,611 |
| All other expenses | $61,037 |
| Total functional expenses | $3,803,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $803,314 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $425,118 |
| 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 | $30,883 |
| Net Land, buildings, and equipment | $2,937,184 |
| Investments—publicly traded securities | $239,161 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,435,660 |
| Accounts payable and accrued expenses | $187,215 |
| 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 | $1,453,444 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,640,659 |
| Net assets without donor restrictions | $2,792,733 |
| Net assets with donor restrictions | $2,268 |
| 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 | $4,435,660 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Careers Industries Inc has recieved totaling $107.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Work Skills Corporation Brighton, MI | $12,915,306 | $19,905,891 |
Epic Peoria, IL | $12,938,374 | $20,980,141 |
New Star Inc Chicago Heights, IL | $17,179,353 | $15,946,241 |
First Resources Corp Sigourney, IA | $9,340,910 | $15,811,214 |
Cedar Valley Services Inc Austin, MN | $19,653,627 | $16,645,958 |
Christian Opportunity Center Pella, IA | $13,962,431 | $13,502,776 |
New Horizons Rehabilitation Services Inc Auburn Hills, MI | $18,392,704 | $14,428,866 |
Progress Industries Newton, IA | $5,056,933 | $12,560,187 |
Opportunities Inc Of Jefferson County Fort Atkinson, WI | $79,445,205 | $15,358,946 |
Proact Inc Eagan, MN | $22,369,538 | $14,695,525 |
Opportunity Development Centers Inc Wisconsin Rapids, WI | $10,220,285 | $10,954,753 |
Merrick Inc Vadnais Heights, MN | $10,586,883 | $11,695,877 |