Chrestomathy Inc
- Assets
- $2.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 106
- Location
- Eden Prairie, MN
- Founding
- 01/1988
- Data as of
- 12/2021
- EIN
- 41-1527943
Organization Overview
Chrestomathy Inc is located in Eden Prairie, MN. The organization was established in 1988. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Chrestomathy Inc employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chrestomathy 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, Chrestomathy Inc generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) 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
CHRESTOMATHY IS A SPECIALIZED, THERAPEUTIC DAY SERVICE AND EMPLOYMENT DEVELOPMENT PROGRAM FOR ADULTS WITH INTELLECTUAL AND NEURODEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRESTOMATHY IS A SPECIALIZED, THERAPEUTIC DAY SERVICE AND EMPLOYMENT DEVELOPMENT PROGRAM FOR ADULTS WITH INTELLECTUAL AND NEURODEVELOPMENTAL DISABILITIES. DURING 2021, OUR REVENUES WERE STILL EFFECTED DUE TO COVID-19 BUT CONTINUES TO GRADUALLY INCREASE AS THE NUMBER OF CLIENTS REQUESTING OUR SERVICES KEEP CLIMBING EVERY DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Moore President | OfficerTrustee | 40 | $134,162 |
Robyn Wade Financial Director | Officer | 40 | $88,461 |
Mary M Hill Vice President | OfficerTrustee | 1 | $0 |
Richard Ahmann Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $756,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $799,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,555,504 |
| Total Program Service Revenue | $2,683,064 |
| Investment income | $4,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,267,258 |
| 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. | $222,623 |
| Compensation of current officers, directors, key employees. | $20,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,862,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $283,364 |
| Payroll taxes | $155,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,931 |
| Fees for services: Accounting | $33,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,298 |
| Advertising and promotion | $38,292 |
| Office expenses | $26,011 |
| Information technology | $26,320 |
| Royalties | $0 |
| Occupancy | $438,030 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,049 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,620 |
| Insurance | $126,435 |
| All other expenses | $59,603 |
| Total functional expenses | $3,746,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,120,235 |
| Savings and temporary cash investments | $7,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $917,892 |
| 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 | $15,283 |
| Net Land, buildings, and equipment | $244,455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $363,140 |
| Total assets | $2,668,590 |
| Accounts payable and accrued expenses | $228,021 |
| 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 | $228,021 |
| Net assets without donor restrictions | $2,440,569 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,668,590 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chrestomathy Inc has recieved totaling $82.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Living Services Incorporated Fargo, ND | $19,445,426 | $22,252,466 |
New Hope Village Carroll, IA | $16,084,175 | $19,892,744 |
Touchstone Mental Health Minneapolis, MN | $8,476,042 | $15,823,650 |
Link Associates West Des Moines, IA | $2,870,425 | $15,095,571 |
Hope Haven Area Development Center Corporation Burlington, IA | $12,948,904 | $15,411,343 |
Dakotabilities Sioux Falls, SD | $18,394,244 | $13,416,769 |
Able Incorporated Dickinson, ND | $27,235,184 | $16,593,018 |
Human Service Agency Watertown, SD | $13,335,518 | $13,761,129 |
Childserve Homes Inc Johnston, IA | $5,469,975 | $12,698,370 |
Harry Meyering Center Inc Mankato, MN | $16,984,389 | $13,887,257 |
Lifequest Mitchell, SD | $5,936,493 | $14,949,946 |
Opportunity Foundation Inc Williston, ND | $8,430,927 | $12,852,089 |