Careers Industries Inc
- Assets
- $3.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 250
- Location
- Racine, WI
- Founding
- 01/1972
- Data as of
- 12/2023
- 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 12/2023, Careers Industries Inc employed 250 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 12/2023, Careers Industries Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 9 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
2023
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 |
|---|---|---|---|
Sunday Muniz Board President | OfficerTrustee | 1 | $0 |
Dale Stange Board VP | OfficerTrustee | 1 | $0 |
Dave Titus Board Treasurer | OfficerTrustee | 1 | $0 |
Tom Christensen Board Secretary | OfficerTrustee | 1 | $0 |
Tanya Blasko Board Member | Trustee | 1 | $0 |
Sean Conaway Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,844,616 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,865,145 |
| Total Program Service Revenue | $1,407,150 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$38,881 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,348,585 |
| 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. | $144,613 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,087,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $264,312 |
| Payroll taxes | $160,580 |
| 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 | $1,967 |
| Fees for services: Other | $23,640 |
| Advertising and promotion | $0 |
| Office expenses | $199,030 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,639 |
| Travel | $23,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,590 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,938 |
| Insurance | $102,883 |
| All other expenses | $1,973 |
| Total functional expenses | $3,625,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $363,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $463,508 |
| 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 | $41,224 |
| Net Land, buildings, and equipment | $2,693,534 |
| Investments—publicly traded securities | $213,455 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,775,580 |
| Accounts payable and accrued expenses | $202,333 |
| 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 | $1,375,529 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,577,862 |
| Net assets without donor restrictions | $2,194,830 |
| Net assets with donor restrictions | $2,888 |
| 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 | $3,775,580 |