First Resources Corp
- Assets
- $10.2m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 398
- Location
- Sigourney, IA
- Founding
- 03/1988
- Data as of
- 06/2023
- EIN
- 42-1279294
Organization Overview
First Resources Corp is located in Sigourney, IA. The organization was established in 1988. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2023, First Resources Corp employed 398 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Resources Corp 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, First Resources Corp generated $15.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $15.8m during the year ending 06/2023. While expenses have increased by 6.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE COMMUNITY BASED REHABILITATIVE TREATMENT SERVICES TO CHILDREN, FAMILIES AND PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISABILITY SERVICES - SERVICES IN THIS AREA INCLUDE HOME AND COMMUNITY BASE SERVICE WAIVER, COMMUNITY SUPERVISED APARTMENT LIVING ARRANGEMENT CHILDREN AT HOME AND IN HOME HEALTH CARE
VOCATIONAL SERVICES - VOCATIONAL EMPLOYMENT TRAINING AND SUPPORTED EMPLOYMENT SERVICES WITHIN A COMMUNITY BASED SETTING ARE PROVIDED TO PEOPLE WITH DISABILITIES. SUBSTANCE ABUSE SERVICES - PROVIDES TREATMENT INCLUDING SUBSTANCE ABUSE EVALUATIONS, ADULT AND YOUTH INTENSIVE OUTPATIENT TREATMENT, EXTENDED OUTPATIENT, CONTINUING CARE, MENTAL HEALTH THERAPIST, ONSITE CHILDCARE FOR PARTICIPANTS, AND DRUG TESTING. THERAPY SERVICES - PROVIDES THERAPY PROGRAMS THAT ARE DESINGED TO ENHANCE TRADITIONAL COUNSELING EXPERIENCES SUCH AS PLAY THERAPY AND ART THERAPY.
MENTAL HEALTH SERVICES- COMMUNITY BASED MENTAL HEALTH SERVICES TO INDIVIDUALS DIAGNOSED WITH CHRONIC MENTAL ILLNESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Altfillisch Secretary | OfficerTrustee | $0 | |
Kevin Carr Director | Trustee | $0 | |
Ellen Moreland Chairperson | OfficerTrustee | $0 | |
Daniel O'rourke Director | Trustee | $0 | |
Julie Olsen Director | Trustee | $0 | |
Amber Pargmann Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,749,553 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,780,158 |
| Total Program Service Revenue | $13,391,662 |
| Investment income | $1,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $361,378 |
| Net Gain/Loss on Asset Sales | $2,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,536,430 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,783,515 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $689,364 |
| Payroll taxes | $1,017,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $224,373 |
| Advertising and promotion | $0 |
| Office expenses | $359,606 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $902,296 |
| Travel | $330,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,505 |
| Interest | $77,047 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $390,701 |
| Insurance | $500,229 |
| All other expenses | $0 |
| Total functional expenses | $15,760,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,461,850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,646,210 |
| 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 | $410,871 |
| Net Land, buildings, and equipment | $4,237,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $449,265 |
| Total assets | $10,206,154 |
| Accounts payable and accrued expenses | $881,065 |
| Grants payable | $0 |
| Deferred revenue | $1,544,313 |
| 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 | $1,316,913 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $843,170 |
| Total liabilities | $4,585,461 |
| Net assets without donor restrictions | $5,620,693 |
| 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 | $10,206,154 |