Mid-Iowa Workshops Inc
- Assets
- $2.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 108
- Location
- Marshalltown, IA
- Founding
- 05/1967
- Data as of
- 06/2022
- EIN
- 42-0923880
Organization Overview
Mid-Iowa Workshops Inc is located in Marshalltown, IA. The organization was established in 1967. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Mid-Iowa Workshops Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Iowa Workshops 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, Mid-Iowa Workshops Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $850.5k 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
TO PROVIDE EMPLOYMENT FOR THE DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE VOCATIONAL TRAINING AND EMPLOYMENT SERVICES FOR INDIVIDUALS WITH DISABILITIES AND TO HELP THEM ACHIEVE THEIR DESIRED GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Allen CFO | Officer | 40 | $105,459 |
Kathy Mccune Vice Chair | OfficerTrustee | 0.5 | $0 |
Al Fagerlund Chair | OfficerTrustee | 0.5 | $0 |
Connie Beard Secretary | OfficerTrustee | 0.5 | $0 |
Richard Ingledue Treasurer | OfficerTrustee | 0.5 | $0 |
Jacey Stewart Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $27,555 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $288,201 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,190 |
| Noncash contributions included in lines 1a–1f | $126,561 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,946 |
| Total Program Service Revenue | $552,771 |
| Investment income | $3,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,160 |
| 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 | $249,893 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,324,683 |
| 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. | $132,907 |
| Compensation of current officers, directors, key employees. | $132,907 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $324,167 |
| Pension plan accruals and contributions | $21,220 |
| Other employee benefits | $99,048 |
| Payroll taxes | $32,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,850 |
| 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 | $1,921 |
| Information technology | $5,091 |
| Royalties | $0 |
| Occupancy | $58,406 |
| Travel | $4,747 |
| 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 | $85,779 |
| Insurance | $20,306 |
| All other expenses | $5,381 |
| Total functional expenses | $850,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,544,201 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $207,623 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,775 |
| Prepaid expenses and deferred charges | $15,084 |
| Net Land, buildings, and equipment | $1,009,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,802,740 |
| Accounts payable and accrued expenses | $373,392 |
| 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 | $373,392 |
| Net assets without donor restrictions | $2,227,231 |
| Net assets with donor restrictions | $202,117 |
| 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 | $2,802,740 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mid-Iowa Workshops Inc has recieved totaling $25,113.
| Awarding Organization | Amount |
|---|---|
Marshalltown Area United Way Marshalltown, IA PURPOSE: JOB OPPORTUNITIES INITIATIVE | $25,055 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Endowment Analysis
| Beg. Balance | $202,117 |
| Ending Balance | $202,117 |
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|---|---|---|
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Industries For The Blind And Visually Impaired Inc West Allis, WI | $80,204,002 | $10,367,576 |
Lambs Farm Inc Libertyville, IL | $23,504,581 | $13,032,908 |
Ability Building Center Inc Rochester, MN | $7,763,544 | $10,721,027 |
Orc Industries Inc La Crosse, WI | $242,922,909 | $45,746,672 |
Bh Services Inc Rapid City, SD | $4,646,829 | $8,554,262 |