Kcq Inc
- Assets
- $1.5m
- Revenue
- $800.9k
- Investments
- $0.0
- Employees
- 39
- Location
- Faribault, MN
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 41-1492566
Organization Overview
Kcq Inc is located in Faribault, MN. The organization was established in 1985. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, Kcq Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kcq 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 06/2022, Kcq Inc generated $800.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $607.0k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TRAINING, PLACEMENT COUNSELING TO HANDICAPPED PERSONS IN EMPLOYMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVICE TRAINING TO HANDICAPPED PERSONS IN EMPLOYMENT ACTIVITIES
PROVIDE PLACEMENT, CONSULTING AND EDUCATION SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Kennedy President | OfficerTrustee | 7 | $0 |
Jackie Gretz Vice President | OfficerTrustee | 5 | $0 |
Brendan Kennedy Secretary | 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 | $1,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,625 |
| Total Program Service Revenue | $781,872 |
| Investment income | $17,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $800,886 |
| 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 | $303,149 |
| Pension plan accruals and contributions | $2,930 |
| Other employee benefits | $60,122 |
| Payroll taxes | $25,114 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $17,418 |
| Fees for services: Accounting | $35,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $428 |
| Office expenses | $12,954 |
| Information technology | $2,782 |
| Royalties | $0 |
| Occupancy | $28,800 |
| Travel | $13,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,495 |
| Insurance | $15,262 |
| All other expenses | $0 |
| Total functional expenses | $607,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,199 |
| Savings and temporary cash investments | $963,419 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $182,193 |
| 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 | $8,424 |
| Net Land, buildings, and equipment | $4,667 |
| Investments—publicly traded securities | $281,730 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,459,632 |
| Accounts payable and accrued expenses | $35,981 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,981 |
| Net assets without donor restrictions | $1,423,651 |
| 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 | $1,423,651 |
| Total liabilities and net assets/fund balances | $1,459,632 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kcq Inc has recieved totaling $20,230.
| Awarding Organization | Amount |
|---|---|
Minnesota Assistance Council For Veterans Saint Paul, MN PURPOSE: GENERAL OPERATING SUPPORT | $20,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black Hills Works Inc Rapid City, SD | $22,578,935 | $31,445,606 |
Minot Vocational Adjustment Workshop Minot, ND | $25,357,052 | $26,157,485 |
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 |
Huron Area Center For Independence Huron, SD | $13,427,991 | $15,192,103 |
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 |
Aspire Inc Aberdeen, SD | $9,447,713 | $8,030,066 |