Empac Industrial Resources Inc
- Assets
- $2.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 180
- Location
- Sullivan, MO
- Founding
- 05/2014
- Data as of
- 06/2024
- EIN
- 43-1467499
Organization Overview
Empac Industrial Resources Inc is located in Sullivan, MO. The organization was established in 2014. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2024, Empac Industrial Resources Inc employed 180 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Empac Industrial Resources 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, Empac Industrial Resources 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 5.6% each year. All expenses for the organization totaled $4.4m during the year ending 06/2024. While expenses have increased by 3.2% per year over the past 7 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EMPLOYMENT OPPORTUNITIES FOR PHYSICALLY AND MENTALLY HANDICAPPED INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EMPLOYMENT FOR MENTALLY AND PHYSICALLY HANDICAPPED INDIVIDUALS IN THE FRANKLIN COUNTY MISSOURI AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Walde President | OfficerTrustee | 2 | $0 |
Tony Schwarm Director | Trustee | 2 | $0 |
Bob Dixon Director | Trustee | 2 | $0 |
Jeff Lock Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $302,455 |
| Government grants | $876,439 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,367 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,201,261 |
| Total Program Service Revenue | $3,792,167 |
| Investment income | $25,512 |
| 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 | $5,029,653 |
| 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 | $1,260,295 |
| Pension plan accruals and contributions | $3,365 |
| Other employee benefits | $9,278 |
| Payroll taxes | $97,120 |
| Fees for services: Management | $2,343,379 |
| 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 | $206,380 |
| Advertising and promotion | $4,495 |
| Office expenses | $6,689 |
| Information technology | $207 |
| Royalties | $0 |
| Occupancy | $370,926 |
| Travel | $1,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,264 |
| Insurance | $35,383 |
| All other expenses | $72 |
| Total functional expenses | $4,416,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,600 |
| Savings and temporary cash investments | $2,298,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $384,964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $56,890 |
| Prepaid expenses and deferred charges | $3,588 |
| Net Land, buildings, and equipment | $94,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $847 |
| Total assets | $2,852,537 |
| Accounts payable and accrued expenses | $234,576 |
| 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 | $56,627 |
| Total liabilities | $291,203 |
| Net assets without donor restrictions | $2,561,334 |
| 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 | $2,852,537 |