Industrial Aid Inc
- Assets
- $7.5m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 216
- Location
- St Louis, MO
- Founding
- 07/1970
- Data as of
- 06/2021
- 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 06/2021, Industrial Aid Inc employed 216 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 06/2021, Industrial Aid Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $4.3m during the year ending 06/2021. 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
2021
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. ACCORDINGLY, NO REVENUE IS TREATED AS REVENUE FROM A "DISQUALIFIED PERSON" ON SCHEDULE A. INDUSTRIAL AID, INC. SERVED 120 CLIENTS DURING FISCAL YEAR ENDED JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Stroud Executive Dir. | Officer | 40 | $159,997 |
Jacqueline Bonds-Fowler Director | OfficerTrustee | 0 | $0 |
Lynn Beauchaine President | OfficerTrustee | 0 | $0 |
Jaime Jankowski Treasurer | OfficerTrustee | 0 | $0 |
Judy Ryan Vice President | OfficerTrustee | 0 | $0 |
Suzanne Fenton Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,068,558 |
| Investment income | $71,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,960,749 |
| 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. | $159,997 |
| Compensation to disqualified persons | $2,504,045 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $158,566 |
| Payroll taxes | $179,010 |
| 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 | $38,257 |
| Advertising and promotion | $4,821 |
| Office expenses | $26,421 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $386,894 |
| Insurance | $121,666 |
| All other expenses | $0 |
| Total functional expenses | $4,293,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,530 |
| Savings and temporary cash investments | $1,010,434 |
| Pledges and grants receivable | $74,986 |
| Accounts receivable, net | $450,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,826 |
| Prepaid expenses and deferred charges | $36,265 |
| Investments—publicly traded securities | $1,060,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,455,921 |
| Accounts payable and accrued expenses | $890,099 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $110,671 |
| 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 | $1,000,770 |
| 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 | $6,455,151 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Industrial Aid Inc has recieved totaling $253,400.
| Awarding Organization | Amount |
|---|---|
St Louis Office For Mr Dd Resources Saint Louis, MO PURPOSE: TO PROVIDE PROGRAMS FOR DEVELOPMENTALLY DISABLED PERSONS IN ST. LOUIS CITY. | $253,400 |
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