Industrial Aid Inc
- Assets
- $7.7m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 157
- Location
- St Louis, MO
- Founding
- 07/1970
- Data as of
- 06/2024
- EIN
- 43-0950642
Organization Overview
Industrial Aid Inc is located in St Louis, MO. The organization was established in 1970. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2024, Industrial Aid Inc employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industrial Aid 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 06/2024, Industrial Aid Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SHELTERED WORKSHOP PROVIDING EMPLOYMENT FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES EMPLOYMENT TO INDIVIDUALS WHO HAVE BEEN CERTIFIED AS DEVELOPMENTALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Beauchaine President | OfficerTrustee | 1 | $0 |
Judy Ryan Vice President | OfficerTrustee | 1 | $0 |
Jaime Jankowski Treasurer | OfficerTrustee | 1 | $0 |
Antonia Banks Director | Trustee | 1 | $0 |
Jacqueline Bonds-Fowler Director | Trustee | 1 | $0 |
Suzanne Fenton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,002,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,004,841 |
| Total Program Service Revenue | $1,843,566 |
| Investment income | $57,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,973 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,488,785 |
| 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. | $159,193 |
| Compensation of current officers, directors, key employees. | $159,193 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,170,928 |
| Pension plan accruals and contributions | $45,932 |
| Other employee benefits | $130,124 |
| Payroll taxes | $173,139 |
| 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 | $30,158 |
| Advertising and promotion | $1,128 |
| Office expenses | $52,643 |
| Information technology | $52,908 |
| Royalties | $0 |
| Occupancy | $142,993 |
| Travel | $1,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $395,219 |
| Insurance | $77,465 |
| All other expenses | $15,751 |
| Total functional expenses | $3,719,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,797,158 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,963 |
| Accounts receivable, net | $156,278 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,681 |
| Prepaid expenses and deferred charges | $51,028 |
| Net Land, buildings, and equipment | $4,371,566 |
| Investments—publicly traded securities | $1,201,981 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,663,655 |
| Accounts payable and accrued expenses | $148,253 |
| Grants payable | $0 |
| Deferred revenue | $658,524 |
| Tax-exempt bond liabilities | $462,811 |
| 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 | $1,269,588 |
| Net assets without donor restrictions | $6,394,067 |
| 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 | $7,663,655 |