A B L E Inc
- Assets
- $10.8m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 207
- Location
- La Crescent, MN
- Founding
- 11/1979
- Data as of
- 12/2021
- EIN
- 41-1346863
Organization Overview
A B L E Inc is located in La Crescent, MN. The organization was established in 1979. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2021, A B L E Inc employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A B L E 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, A B L E Inc generated $6.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) 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
TO PROVIDE RESIDENTIAL CARE FOR DEVELOPMENTALLY DISABLED MINNESOTA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED INTERMEDIATE CARE FACILITIES FOR 15 PERSONS SERVED, PROVIDED IN-HOME FAMILY SUPPORT AND SEMI-INDEPENDENT LIVING FOR 26 SUPPORTED PERSONS, AND PROVIDED ADULT CORPORATE FOSTER CARE FOR 50 PERSONS SUPPORTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Meyer Executive Director | Officer | 45 | $208,194 |
Brett Kemmer President | OfficerTrustee | 2 | $0 |
Eric Minor Vice President | OfficerTrustee | 2 | $0 |
Angel Klankowski Treasurer | OfficerTrustee | 2 | $0 |
Anne Trnka Secretary | OfficerTrustee | 2 | $0 |
Steve Ingvalson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,955 |
| Total Program Service Revenue | $6,511,949 |
| Investment income | $53,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $193,803 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $7,200 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,799,396 |
| 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. | $229,703 |
| Compensation of current officers, directors, key employees. | $229,703 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,981,158 |
| Pension plan accruals and contributions | $133,860 |
| Other employee benefits | $320,956 |
| Payroll taxes | $301,390 |
| 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 | $13,503 |
| Fees for services: Other | $121,635 |
| Advertising and promotion | $9,242 |
| Office expenses | $23,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $256,307 |
| Travel | $39,217 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,235 |
| Interest | $107,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,725 |
| Insurance | $162,487 |
| All other expenses | $807 |
| Total functional expenses | $6,457,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $949,564 |
| Savings and temporary cash investments | $1,114,547 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $635,064 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,057 |
| Prepaid expenses and deferred charges | $18,762 |
| Net Land, buildings, and equipment | $5,674,563 |
| Investments—publicly traded securities | $2,168,182 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,546 |
| Total assets | $10,754,285 |
| Accounts payable and accrued expenses | $651,838 |
| 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 | $2,278,007 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,929,845 |
| Net assets without donor restrictions | $7,810,889 |
| Net assets with donor restrictions | $13,551 |
| 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 | $10,754,285 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homeward Bound Inc Plymouth, MN | $9,682,680 | $20,805,285 |
Discovery Living Inc Cedar Rapids, IA | $11,709,298 | $15,165,116 |
Lad Lake Inc Dousman, WI | $18,305,797 | $13,126,553 |
Enable Inc Bismarck, ND | $6,180,570 | $13,372,662 |
Phoenix Residence Inc St Paul, MN | $9,462,501 | $12,129,691 |
Kenosha Human Development Services Inc Kenosha, WI | $14,186,753 | $13,956,960 |
Nishna Productions Inc Shenandoah, IA | $11,396,482 | $10,657,459 |
St Lukes Lutheran Care Center Blue Earth, MN | $9,355,318 | $10,279,790 |
Abbott House Inc Mitchell, SD | $12,190,131 | $10,428,171 |
Central Iowa Residential Services Inc Marshalltown, IA | $5,466,699 | $8,641,374 |
Opportunity Matters Inc Sartell, MN | $10,779,962 | $7,848,856 |
Social Current Inc Milwaukee, WI | $9,111,549 | $10,631,550 |