Cedar Valley Services Inc
- Assets
- $28.6m
- Revenue
- $18.7m
- Investments
- $0.0
- Employees
- 579
- Location
- Austin, MN
- Founding
- 04/1964
- Data as of
- 12/2023
- EIN
- 41-0870082
Organization Overview
Cedar Valley Services Inc is located in Austin, MN. The organization was established in 1964. 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, Cedar Valley Services Inc employed 579 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Valley 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, Cedar Valley Services Inc generated $18.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $16.8m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE VOCATIONAL, BEHAVIORAL AND EDUCATIONAL PROGRAMS FOR ADULTS WHO ARE DEVELOPMENTALLY DELAYED.
Describe the Organization's Program Activity:
DAY TRAINING AND HABILITATION (DT&H) PROGRAMS PROVIDE COMMUNITY BASED EMPLOYMENT TO APPROXIMATELY 310 INDIVIDUALS NEEDING SIGNIFICANT LEVELS OF SUPERVISION.
RESIDENTIAL HOUSING SERVICES ARE PROVIDED TO 8 DISABLED INDIVIDUALS AT TWO LOCATIONS.
EXTENDED EMPLOYMENT PROGRAMS PROVIDE ONGOING SUPPORT TO APPROXIMATELY 88 DEVELOPMENTALLY DISABLED INDIVIDUALS NECESSARY TO MAINTAIN EMPLOYMENT.
TRANSIT SERVICES WERE PROVIDED TO INDIVIDUALS IN THE ALBERT LEA, AUSTIN, OWATONNA, AND WASECA AREAS. THESE SERVICES WERE PROVIDED TO DISABLED AND NONDISABLED INDIVIDUALS. A TOTAL OF APPROXIMATELY 231,324 TRIPS WERE MADE BY THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Moen President | OfficerTrustee | 1 | $0 |
Chris Mcmanus Vice President | OfficerTrustee | 1 | $0 |
Brad Lindberg Secretary | OfficerTrustee | 1 | $0 |
Dan Hirst Treasurer | OfficerTrustee | 1 | $0 |
Lynne Hansen Director | Trustee | 1 | $0 |
Troy Hawkshead Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ab Systems Inc Construction | 12/30/23 | $256,141 |
Specialty Personnel Services Inc Contract Labor | 12/30/23 | $248,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $76,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $438,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $514,624 |
| Total Program Service Revenue | $17,887,476 |
| Investment income | $285,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $222 |
| Net Gain/Loss on Asset Sales | $57,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,745,897 |
| 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. | $584,751 |
| Compensation of current officers, directors, key employees. | $145,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,082,169 |
| Pension plan accruals and contributions | $153,626 |
| Other employee benefits | $1,553,610 |
| Payroll taxes | $616,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,291,699 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $678,331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $701,097 |
| Insurance | $298,772 |
| All other expenses | $79,493 |
| Total functional expenses | $16,817,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,400,781 |
| Savings and temporary cash investments | $11,949,128 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,634,862 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $334,498 |
| Prepaid expenses and deferred charges | $135,231 |
| Net Land, buildings, and equipment | $9,450,754 |
| Investments—publicly traded securities | $652,782 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,558,036 |
| Accounts payable and accrued expenses | $1,429,928 |
| Grants payable | $0 |
| Deferred revenue | $2,187 |
| 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 | $1,432,115 |
| Net assets without donor restrictions | $25,552,735 |
| Net assets with donor restrictions | $1,573,186 |
| 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 | $28,558,036 |