Sourceamerica
- Assets
- $134.2m
- Revenue
- $176.5m
- Investments
- $0.0
- Employees
- 460
- Location
- Vienna, VA
- Founding
- 11/1974
- Data as of
- 09/2022
- EIN
- 52-1007153
Organization Overview
Sourceamerica is located in Vienna, VA. The organization was established in 1974. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 09/2022, Sourceamerica employed 460 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sourceamerica 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 09/2022, Sourceamerica generated $176.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $162.8m during the year ending 09/2022. While expenses have increased by 1.0% 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.
Since 2015, Sourceamerica has awarded 511 individual grants totaling $14,357,035. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE EMPLOYMENT OPPORTUNITIES AND CHOICES FOR PEOPLE WITH SIGNIFICANT DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOURCEAMERICA CONNECTS GOVERNMENT CUSTOMERS AND OTHER ORGANIZATIONS TO A NATIONAL NETWORK OF ABILITYONE(R) AUTHORIZED PROVIDERS THAT HIRE A TALENTED SEGMENT OF THE WORKFORCE-PEOPLE WITH DISABILITIES. ESTABLISHED IN 1974, SOURCEAMERICA IS COMMITTED TO INCREASING ECONOMIC AND SOCIAL INCLUSION AND ADVOCATING FOR A MORE ACCESSIBLE FUTURE OF WORK FOR PEOPLE WITH DISABILITIES. SOURCEAMERICA, AN ABILITYONE(R) AUTHORIZED ENTERPRISE, HARNESSES THE MOMENTUM AND BOOSTS THE CAPABILITY OF ITS NETWORK AND CUSTOMERS AS A LEADING JOB CONNECTOR FOR THE DISABILITY COMMUNITY. IT'S OUR VISION THAT EVERY AMERICAN WITH A DISABILITY HAS CAREER PATH AND EMPLOYMENT CHOICES. IN FY2021, THERE WERE MORE THAN 575 NONPROFIT AGENCIES IN THE SOURCEAMERICA NETWORK, EMPLOYING MORE THAN 65,000 PEOPLE WITH DISABILITIES. TO LEARN MORE, VISIT SOURCEAMERICA.ORG AND FOLLOW @SOURCEAMERICA ON FACEBOOK, TWITTER, INSTAGRAM, AND LINKEDIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Belden CEO (interim CEO 9/20-10/21) | Officer | 50 | $433,963 |
Cathy Cooke Svp- Abilityone Programs | Officer | 50 | $283,794 |
Howard Cooke Interim COO | Officer | 50 | $283,294 |
Jeffrey Mccaw CFO | Officer | 50 | $273,877 |
Michael Caldrone VP - It | 50 | $236,854 | |
Jill Johnson VP - Products | 50 | $221,323 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Ginn Group Sub-contracted Building Maintenance Serv | 9/29/22 | $27,794,908 |
Goodwill Ind Of South Florida Manufacturing Of M&d Products | 9/29/22 | $17,653,232 |
Global Connections To Employment Sub-contracted Building Maintenance Serv | 9/29/22 | $6,950,028 |
Piccola Manufacturing Co Sub-contracted Building Maintenance Serv | 9/29/22 | $6,855,547 |
Ud Contracting Inc Sub-contracted Building Maintenance Serv | 9/29/22 | $4,779,524 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $174,468,917 |
| Investment income | $2,012,331 |
| 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 | $176,485,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,978,395 |
| 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. | $925,531 |
| Compensation of current officers, directors, key employees. | $112,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,969,763 |
| Pension plan accruals and contributions | $4,240,613 |
| Other employee benefits | $9,065,901 |
| Payroll taxes | $4,617,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $413,348 |
| Fees for services: Accounting | $118,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,914 |
| Fees for services: Other | $3,836,378 |
| Advertising and promotion | $1,994,658 |
| Office expenses | $1,254,711 |
| Information technology | $6,165,183 |
| Royalties | $0 |
| Occupancy | $1,767,104 |
| Travel | $2,411,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,314,806 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,521,677 |
| Insurance | $757,477 |
| All other expenses | $0 |
| Total functional expenses | $162,812,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,016,626 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,641,705 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,194,815 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,290,268 |
| Net Land, buildings, and equipment | $12,247,515 |
| Investments—publicly traded securities | $69,454,742 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $353,148 |
| Total assets | $134,198,819 |
| Accounts payable and accrued expenses | $14,279,248 |
| 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 | $1,755,824 |
| Total liabilities | $16,035,072 |
| Net assets without donor restrictions | $118,163,747 |
| 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 | $134,198,819 |
Grants Awarded
Over the last fiscal year, Sourceamerica has awarded $1,854,127 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
New Britain, CT PURPOSE: CMMC, SECURITY AWARENESS, 14C TRANSITION GRANTS | $73,761 |
Vincennes, IN PURPOSE: CMMC, 14C TRANSITION , NPA TRAINING GRANTS | $71,000 |
Springfield, OH PURPOSE: CMMC, 14C TRANSITION, ERS GRANTS | $68,000 |
Lawrence, KS PURPOSE: 14C TRANSITION, ERS GRANTS | $65,795 |
Minot, ND PURPOSE: QWE, SECURITY AWARENESS, 14C TRANSITION AND TRAINING, COMPLIANCE AND CERTIFICATION GRANTS | $63,853 |
Rockledge, FL PURPOSE: QWE, 14C TRANSITION AND NPA TRAINING VOUCHER GRANTS | $60,959 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sourceamerica has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Alloy Family Foundation Inc Reston, VA PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sourceamerica Vienna, VA | $134,198,819 | $176,485,645 |
Servicesource Inc Oakton, VA | $95,499,098 | $141,976,449 |
Didlake Inc Manassas, VA | $83,729,100 | $98,283,544 |
Alliance Inc Timonium, MD | $15,933,056 | $21,376,645 |
Employment Solutions Inc Lexington, KY | $14,556,479 | $16,573,430 |
Seec Corporation Silver Spring, MD | $9,412,245 | $16,148,887 |
Community Alternatives Incorporated Norfolk, VA | $5,227,014 | $13,773,753 |
Ardmore Enterprises Inc Lanham, MD | $12,191,941 | $13,293,594 |
Eastern Carolina Vocational Center Inc Greenville, NC | $26,970,682 | $10,804,799 |
Portco Inc Suffolk, VA | $2,077,717 | $9,434,318 |
Southern Maryland Vocational Industries Incorporated Brandywine, MD | $15,709,947 | $11,646,301 |
Park Center Nashville, TN | $31,811,535 | $21,739,362 |