Spectrum Industries
- Assets
- $1.1m
- Revenue
- $603.2k
- Investments
- $0.0
- Employees
- 42
- Location
- Decorah, IA
- Founding
- 12/1984
- Data as of
- 06/2023
- EIN
- 42-1232860
Organization Overview
Spectrum Industries, operating under the name The Spectrum Network, is located in Decorah, IA. The organization was established in 1984. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2023, Spectrum Network employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrum Network 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 06/2023, Spectrum Network generated $603.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 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
ASSIST INDIVIDUALS WITH MENTAL ILLNESS, DISABILITIES, AND CHEMICAL DEPENDENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT SERVICES:THE SPECTRUM NETWORK'S EMPLOYMENT PROGRAM SUPPORTS INDIVIDUALS THROUGH EVERY STAGE OF JOB DEVELOPMENT, FROM JOB DISCOVERY TO SECURING COMPETITIVE EMPLOYMENT. WE CURRENTLY ASSIST 17 INDIVIDUALS IN OUR SUPPORTED EMPLOYMENT AND INDIVIDUAL SUPPORTED EMPLOYMENT PROGRAMS. THROUGH COMMUNITY WORKSITE ASSESSMENTS AND JOB SHADOWING OPPORTUNITIES, CLIENTS ARE ABLE TO EXPLORE DIFFERENT CAREER PATHS AND DETERMINE SUITABLE JOB MATCHES. ONCE EMPLOYED, WE CONTINUE TO PROVIDE TAILORED JOB SUPPORT, WHICH MAY INCLUDE ON-SITE ASSISTANCE OR DAILY CHECK-INS, HELPING CLIENTS REACH FULL INDEPENDENCE IN THE WORKPLACE. STATEMENT CONTINUED ON SCHEDULE O.OVER THE PAST FISCAL YEAR, WE SUCCESSFULLY PLACED NINE INDIVIDUALS INTO COMMUNITY-BASED EMPLOYMENT AND DEDICATED OVER 175 HOURS MONTHLY TO SUPPORT THESE INDIVIDUALS IN THEIR ROLES.TRAINING PROGRAMS: OUR ON-THE-JOB TRAINING INCLUDES SOFT SKILLS DEVELOPMENT, HELPING CLIENTS BUILD EFFECTIVE COMMUNICATION SKILLS AND INTERPERSONAL STRATEGIES. WE ALSO OFFER OPPORTUNITIES FOR CLIENTS TO PARTICIPATE IN TEAM-BASED WORK ENVIRONMENTS, OR "ENCLAVES," WHERE THEY COLLABORATE ALONGSIDE OTHER EMPLOYEES AT LOCAL BUSINESSES. IN THIS MODEL, JOB COACHES WORK WITH BOTH CLIENTS AND EMPLOYERS, ENSURING A SMOOTH TRANSITION AND HELPING CLIENTS ESTABLISH NATURAL SUPPORTS TO MAINTAIN THEIR ROLES INDEPENDENTLY.COMMUNITY LIFE SERVICES:DAY ACTIVITIES IN OUR ADULT DAY SERVICES PROGRAM, CLIENTS ENGAGE IN STRUCTURED ACTIVITIES SUCH AS GARDENING, GEOGRAPHY, MEAL PLANNING, WELLNESS PROGRAMS, ARTS AND CRAFTS, GAMES, AND COMMUNITY OUTINGS. THIS PROGRAM FOSTERS FRIENDSHIPS, EXPLORATION OF NEW INTERESTS, AND PROMOTES COMMUNITY INTEGRATION.SUPPORTED COMMUNITY LIVING (SCL) OUR SUPPORTED COMMUNITY LIVING PROGRAM EMPOWERS INDIVIDUALS TO BUILD CONFIDENCE AND DEVELOP LIFE SKILLS NECESSARY FOR COMMUNITY ENGAGEMENT. WE ASSIST CLIENTS WITH PRACTICAL LIFE TASKS, FROM MEAL PLANNING AND DOCTOR'S APPOINTMENTS TO FINDING HOUSING, BUDGETING, SHOPPING, SOCIALIZING, AND MORE. SERVICES ARE CUSTOMIZED TO FIT EACH INDIVIDUAL'S UNIQUE STRENGTHS AND NEEDS, AS OUR STAFF GUIDE CLIENTS TOWARDS GREATER INDEPENDENCE IN ALL ASPECTS OF DAILY LIVING.OUR PROGRAMS ARE DELIVERED WITH THE GOAL OF HELPING EACH CLIENT ACHIEVE THEIR HIGHEST POTENTIAL FOR INDEPENDENCE AND COMMUNITY INVOLVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Langland President | OfficerTrustee | 1 | $0 |
Alyssa Marso Vice President | OfficerTrustee | 1 | $0 |
Laura Smith Secretary | OfficerTrustee | 1 | $0 |
Andrew Casper Member | Trustee | 1 | $0 |
Rob Larson Member | Trustee | 1 | $0 |
Chris Evenson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,750 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,175 |
| Noncash contributions included in lines 1a–1f | $16,574 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,925 |
| Total Program Service Revenue | $500,860 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,420 |
| Net Gain/Loss on Asset Sales | -$2,083 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $603,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| 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 | $622,968 |
| Pension plan accruals and contributions | $3,015 |
| Other employee benefits | $42,973 |
| Payroll taxes | $52,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $525 |
| Fees for services: Accounting | $38,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,956 |
| Advertising and promotion | $3,561 |
| Office expenses | $26,380 |
| Information technology | $54,935 |
| Royalties | $0 |
| Occupancy | $52,456 |
| Travel | $5,764 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,644 |
| Interest | $40,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,908 |
| Insurance | $15,396 |
| All other expenses | $8,402 |
| Total functional expenses | $1,160,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,117 |
| 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 | $5,220 |
| Net Land, buildings, and equipment | $1,129,072 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,139,409 |
| Accounts payable and accrued expenses | $80,124 |
| 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 | $1,078,914 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $73,010 |
| Total liabilities | $1,232,048 |
| Net assets without donor restrictions | -$97,521 |
| Net assets with donor restrictions | $4,882 |
| 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 | $1,139,409 |