Worth Industries Inc
- Assets
- $1.0m
- Revenue
- $977.0k
- Investments
- $0.0
- Employees
- 48
- Location
- Saint Louis, MO
- Founding
- 09/1983
- Data as of
- 06/2024
- EIN
- 43-1120764
Organization Overview
Worth Industries Inc is located in Saint Louis, MO. The organization was established in 1983. 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, Worth Industries Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worth Industries 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, Worth Industries Inc generated $977.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 4 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
PROVIDING EMPLOYMENT FOR HANDICAPPED AND DISABLED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTERED WORKSHOP PROVIDING PRODUCTIVE OPPORTUNITIES TO MENTALLY CHALLENGED YOUTHS & OTHER DISABLED INDIVIDUALS OVER THE AGE OF EIGHTEEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Orr Executive Director | 40 | $163,150 | |
Brennan Conner Vice President | OfficerTrustee | 1 | $0 |
Chris Diel President | OfficerTrustee | 1 | $0 |
Paul Giljum Treasurer | OfficerTrustee | 1 | $0 |
Lisa Silver Secretary | OfficerTrustee | 1 | $0 |
Bill Herberholt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $369,904 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,904 |
| Total Program Service Revenue | $592,500 |
| Investment income | $903 |
| 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 | $977,022 |
| 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. | $163,150 |
| Compensation of current officers, directors, key employees. | $47,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $494,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,040 |
| 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 | $20,316 |
| Advertising and promotion | $100 |
| Office expenses | $8,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,774 |
| Insurance | $102,187 |
| All other expenses | $360 |
| Total functional expenses | $1,058,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,503 |
| Accounts receivable, net | $90,172 |
| 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 | $9,798 |
| Net Land, buildings, and equipment | $699,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,014,910 |
| Accounts payable and accrued expenses | $1,819 |
| 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 | $28,393 |
| Total liabilities | $30,212 |
| Net assets without donor restrictions | $984,698 |
| 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 | $1,014,910 |