Restart Inc
- Assets
- $1.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 100
- Location
- Eden Prairie, MN
- Founding
- 07/1986
- Data as of
- 12/2023
- EIN
- 41-1544095
Organization Overview
Restart Inc is located in Eden Prairie, MN. The organization was established in 1986. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Restart Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restart 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, Restart Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PERSONS WITH BRAIN INJURY AND RELATED DISABILITIES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE THROUGH PROGRAMS AND INDEPENDENT LIVING SKILLS SERVICES IN COMMUNITY LIVING AND OUTREACH ENVIRONMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES THAT INCLUDE INDEPENDENT LIVING SKILLS WORKERS AND DIRECT SUPPORT PROFESSIONALS AVAILABLE FOR THOSE LIVING IN OUR NINE GROUP HOMES. THIS TYPE OF HELP ALLOWS INDIVIDUALS TO LIVE MORE INDEPENDENTLY OUR IN THE COMMUNITY.
OUTREACH ILS (INDEPENDENT LIVING SKILLS) SERVICES TO CLIENTS IN THE COMMUNITY THAT ALLOWS THEM TO REMAIN IN THEIR OWN HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sexton Board Chair | OfficerTrustee | 1 | $0 |
Isaiah Philstrom Treasurer | OfficerTrustee | 1 | $0 |
Jon Holten Secretary | OfficerTrustee | 1 | $0 |
Denise Byers Board Member | Trustee | 1 | $0 |
Brad Montgomery Board Member | Trustee | 1 | $0 |
Jessica Oiseth Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,341 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,252 |
| Total Program Service Revenue | $3,082,962 |
| Investment income | $214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,190,371 |
| 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. | $139,962 |
| Compensation of current officers, directors, key employees. | $91,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,998,184 |
| Pension plan accruals and contributions | $8,326 |
| Other employee benefits | $85,634 |
| Payroll taxes | $163,096 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,363 |
| Advertising and promotion | $16,346 |
| Office expenses | $77,555 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,351 |
| Travel | $2,269 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,247 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,788 |
| Insurance | $44,234 |
| All other expenses | $70,804 |
| Total functional expenses | $3,252,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,881 |
| Savings and temporary cash investments | $10,721 |
| Pledges and grants receivable | $37,610 |
| Accounts receivable, net | $228,867 |
| 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 | $29,050 |
| Net Land, buildings, and equipment | $927,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $212,747 |
| Total assets | $1,505,874 |
| Accounts payable and accrued expenses | $193,172 |
| 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 | $129,510 |
| Unsecured mortgages and notes payable | $40,000 |
| Other liabilities | $151,286 |
| Total liabilities | $513,968 |
| Net assets without donor restrictions | $991,906 |
| 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 | $1,505,874 |