Tenco Industries Inc
- Assets
- $4.4m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 381
- Location
- Ottumwa, IA
- Founding
- 09/1966
- Data as of
- 06/2020
- EIN
- 42-0919509
Organization Overview
Tenco Industries Inc is located in Ottumwa, IA. The organization was established in 1966. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2020, Tenco Industries Inc employed 381 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tenco Industries 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 06/2020, Tenco Industries Inc generated $6.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $7.0m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES FOR PEOPLE WITH DISABILITIES TO DEVELOP AND MAINTAIN INDEPENDENCE IN ALL AREAS OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL WORK SERVICES INCLUDING ADULT DAY CARE, INDIVIDUAL PROGRAM PLANS WITH GOAL OF EMPLOYMENT, WORK ADJUSTMENT TRAINING THROUGH THE USE OF SUB- CONTRACT WORK FROM INDUSTRY. ALSO SUPPLY TRAINING IN COMMUNICATION, SOCIALIZATION, ADULT INDEPENDENT LIVING AND ADULT EDUCATION. PROVIDE PREVOCATIONAL, SOCIAL AND COMMUNICATION SKILLS FOR BASIC SELF CARE & FUNCTIONAL ACADEMICS. IN ADDITION THE AGENCY PROVIDES RESIDENTIAL SERVICES TO ADULTS WITH INTELLECTUAL DISABILITIES AS WELL AS THOSE WITH MENTAL HEALTH ISSUES. RESIDENTIAL SERVICES ARE PROVIDED THROUGH COMMUNITY BASED HOMES AS WELL AS INSTITUTIONAL BASED SERVICES IN RESIDENTIAL CARE FACILITIES. APPROXIMATELY 325 INDIVIDUALS WERE SERVED IN THE PAST YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nate Bissell President | OfficerTrustee | $0 | |
Michael Carpenter Director | Trustee | $0 | |
Josh Hall Treasurer | OfficerTrustee | $0 | |
Kathy Henry Vice Preside | OfficerTrustee | $0 | |
Jim Lindenmayer Director | Trustee | $0 | |
Teri Messerschmidt Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$176 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $234,755 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,812,372 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $4,525,214 |
| Pension plan accruals and contributions | $67,569 |
| Other employee benefits | $394,937 |
| Payroll taxes | $513,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $473,667 |
| Travel | $18,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,327 |
| Interest | $67,272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,469 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,988,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,428,264 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $486,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $599 |
| Prepaid expenses and deferred charges | $22,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,964 |
| Other assets | $63,971 |
| Total assets | $4,442,717 |
| Accounts payable and accrued expenses | $61,639 |
| 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 | $438,960 |
| Unsecured mortgages and notes payable | $872,500 |
| Other liabilities | $967,392 |
| Total liabilities | $2,340,491 |
| 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 |
| Total liabilities and net assets/fund balances | $2,102,226 |