Web-Co Custom Industries Inc
- Assets
- $2.2m
- Revenue
- $353.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Marshfield, MO
- Founding
- 12/1977
- Data as of
- 06/2022
- EIN
- 43-1121676
Organization Overview
Web-Co Custom Industries Inc is located in Marshfield, MO. The organization was established in 1977. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Web-Co Custom 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 06/2022, Web-Co Custom Industries Inc generated $353.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $466.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (18.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE JOBS TO HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EMPLOYMENT FOR 70 TO 90 MENTALLY AND PHYSICALLY HANDICAPPED INDIVIDUALS THROUGH MANUFACTURING OF MISC PRODUCTS, SERVICE CONTRACTS AND OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Brooks President | OfficerTrustee | 2 | $0 |
Susan Newcomb Secretary | OfficerTrustee | 2 | $0 |
Winfred Jones General Mana | Officer | 40 | $0 |
Carmen Cleir Director | Trustee | 1 | $0 |
Delene Mcanarney Director | Trustee | 1 | $0 |
Jason Foster Vice Preside | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $346,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,290 |
| Total Program Service Revenue | $0 |
| Investment income | $1,084 |
| 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 | $353,732 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,290 |
| Payroll taxes | $136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $274,450 |
| Advertising and promotion | $0 |
| Office expenses | $1,528 |
| 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 | $45,196 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,847 |
| Insurance | $2,211 |
| All other expenses | $0 |
| Total functional expenses | $466,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,808 |
| Savings and temporary cash investments | $200,230 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,693,655 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,509 |
| Other assets | $0 |
| Total assets | $2,228,202 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $167,500 |
| 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 | $1,035,283 |
| Other liabilities | $0 |
| Total liabilities | $1,202,783 |
| Net assets without donor restrictions | $953,718 |
| Net assets with donor restrictions | $71,701 |
| 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 | $2,228,202 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Web-Co Custom Industries Inc has recieved totaling $6,100.
| Awarding Organization | Amount |
|---|---|
Webster Electric Foundation Inc Marshfield, MO PURPOSE: NEW MACHINE | $6,100 |
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