Inisfail Inc
- Assets
- $9.6m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 183
- Location
- Faribault, MN
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 41-1430582
Organization Overview
Inisfail Inc is located in Faribault, MN. The organization was established in 1982. 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 12/2023, Inisfail Inc employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inisfail 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, Inisfail Inc generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $7.5m during the year ending 12/2023. While expenses have increased by 26.9% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESIDENTIAL CARE PROGRAMMING FOR DEVELOPMENTALY DISABLED PERSONS. MINNESOTA LICENSED WAIVER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESIDENTIAL CARE AND PROGRAMMING FOR DEVELOPMENTALY DISABLED PERSONS. MINNESOTA LICENSED WAIVER PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Gretz Secretary/treasurer | OfficerTrustee | 45 | $112,517 |
Russell Kennedy President/director | OfficerTrustee | 30 | $0 |
Alison Halstenson Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,398,183 |
| Investment income | $27,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,200 |
| Net Gain/Loss on Asset Sales | $18,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,453,241 |
| 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 | $4,599,110 |
| Pension plan accruals and contributions | $80,053 |
| Other employee benefits | $763,675 |
| Payroll taxes | $354,757 |
| Fees for services: Management | $109,724 |
| Fees for services: Legal | $11,833 |
| Fees for services: Accounting | $74,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,441 |
| Advertising and promotion | $0 |
| Office expenses | $56,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,799 |
| Travel | $23,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,134 |
| Interest | $52,476 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $340,291 |
| Insurance | $125,360 |
| All other expenses | $64,647 |
| Total functional expenses | $7,460,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,213 |
| Savings and temporary cash investments | $1,973,770 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $800,048 |
| 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 | $37,707 |
| Net Land, buildings, and equipment | $3,723,540 |
| Investments—publicly traded securities | $729,034 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,145,527 |
| Other assets | $0 |
| Total assets | $9,593,839 |
| Accounts payable and accrued expenses | $412,043 |
| 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 | $788,539 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,200,582 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $8,393,257 |
| Total liabilities and net assets/fund balances | $9,593,839 |