Servicesource Inc
- Assets
- $97.3m
- Revenue
- $152.4m
- Investments
- $0.0
- Employees
- 1,599
- Location
- Oakton, VA
- Founding
- 09/1972
- Data as of
- 06/2023
- EIN
- 54-0901256
Organization Overview
Servicesource Inc is located in Oakton, VA. The organization was established in 1972. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2023, Servicesource Inc employed 1,599 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Servicesource 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 06/2023, Servicesource Inc generated $152.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $148.4m during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 8 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 2016, Servicesource Inc has awarded 29 individual grants totaling $16,983,514. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE SERVICES FOR PEOPLE WITH DISABILITIES TO BUILD MORE INCLUSIVE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.SERVICESOURCE, INC. IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION WITH A MISSION TO FACILITATE SERVICES, RESOURCES AND PARTNERSHIPS TO SUPPORT PEOPLE WITH DISABILITIES AND OTHERS WE SERVE, ALONG WITH THEIR FAMILIES, THEIR CAREGIVERS AND COMMUNITY MEMBERS, IN ORDER TO BUILD MORE INCLUSIVE COMMUNITIES. THE SERVICESOURCE ORGANIZATION IS MADE UP OF FIVE REGIONAL OFFICES WITH PROGRAMS AND OPERATIONS IN MORE THAN 10 STATES AND THE DISTRICT OF COLUMBIA. THE REGIONAL OFFICES ARE LOCALLY INCORPORATED AS SEPARATE 501(C)(3) ENTITIES BUT MEET CONCURRENTLY THROUGH THE SAME VOLUNTEER BOARD OF DIRECTORS ACROSS REGIONS.SERVICESOURCE, INC. OPERATES AS THE VIRGINIA REGIONAL OFFICE AND IS HEADQUARTERED IN OAKTON, VA. THE FLORIDA REGIONAL OFFICE IS LOCATED IN CLEARWATER, FL; THE NORTH CAROLINA REGIONAL OFFICE IS IN FAYETTEVILLE, NC; THE DELAWARE REGIONAL OFFICE IS IN NEW CASTLE, DE; AND THE UTAH REGIONAL OFFICE IS IN CLEARFIELD, UT.THE SERVICESOURCE VIRGINIA REGIONAL OFFICE SERVED MORE THAN 4,060 INDIVIDUALS IN FISCAL YEAR 2023 (FY23) AND PROVIDES THE FOLLOWING PROGRAMS AND SERVICES: -A FULL RANGE OF REHABILITATION AND EMPLOYMENT SUPPORTS INCLUDING JOB SKILLS TRAINING, PLACEMENT SERVICES, COMMUNITY INTEGRATED DAY SUPPORT, SUPPORTED EMPLOYMENT AND SPECIALIZED PROGRAMS. -AFFIRMATIVE EMPLOYMENT PROGRAMS PROVIDING COMMUNITY INTEGRATED CAREERS FOR PEOPLE WITH DISABILITIES. LINES OF BUSINESS INCLUDE TOTAL FACILITIES MANAGEMENT, LOGISTICS, AND ADMINISTRATIVE SUPPORT. -AUTISM SPECTRUM SERVICES ASSISTING INDIVIDUALS WITH AUTISM IN OBTAINING EMPLOYMENT AND INCREASING THEIR SELF-SUFFICIENCY. -SENIOR SERVICES PROVIDING THERAPEUTIC RECREATION AND CASE MANAGEMENT FOR INDIVIDUALS WITH DISABILITIES WHOSE SUPPORT NEEDS INCREASE AS THEY AGE, AS WELL AS INDIVIDUALS WHO ACQUIRE DISABILITIES AS THEY AGE. -FAMILY SUPPORT SERVICES HELP PREPARE INDIVIDUALS AND THEIR FAMILIES FOR LIFE'S TRANSITIONS BY DEVELOPING STRATEGIES TO SUPPORT THEM THROUGH PLANNED AND UNEXPECTED LIFE CHANGES. FAMILY SUPPORT SERVICES ALSO OFFERS A ROBUST COMMUNITY SUPPORT PROGRAM TO ASSIST EACH INDIVIDUAL IN NAVIGATING A VARIETY OF COMMUNITY SETTINGS AND INCREASING THEIR OVERALL LEVEL OF INDEPENDENCE. -PRE-EMPLOYMENT TRANSITION SERVICES (PRE-ETS) OFFERING STUDENTS WITH DISABILITIES AN EARLY START AT CAREER EXPLORATION AND PREPARATION FOR ADULT LIFE. -ASSISTIVE TECHNOLOGY LAB PROVIDES BASIC TECHNOLOGY SCREENINGS THAT HELP INCREASE EACH INDIVIDUAL'S INDEPENDENCE, PARTICIPATION, AND PERFORMANCE IN EVERYDAY TASKS AND ACTIVITIES. -THE SERVICESOURCE FOUNDATION, A SEPARATE 501(C)(3) ORGANIZATION THAT RAISES MONEY TO SUPPORT UNFUNDED OR UNDER-FUNDED PROGRAMS OF SERVICESOURCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Walsh Chair | OfficerTrustee | 0.4 | $0 |
Gary Petersen Chair-Elect | OfficerTrustee | 0.4 | $0 |
Mark Diorio Vice Chair | OfficerTrustee | 0.4 | $0 |
Kelly Caccetta Past Chair | OfficerTrustee | 0.4 | $0 |
Frank Burke Treasurer | OfficerTrustee | 0.4 | $0 |
Joseph Ashley Director | Trustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cw Resources Inc Subcontracted Cleaning | 6/29/23 | $14,602,807 |
Mc Dean Inc Subcontracted Mep | 6/29/23 | $14,043,013 |
Pacific Coast Community Services Inc Subcontractor Mail Center | 6/29/23 | $835,003 |
Glencor Services Inc Transportation Services | 6/29/23 | $4,319,583 |
Bobby Dodd Institute Subcontractor Mail Center | 6/29/23 | $817,037 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,695,306 |
| Government grants | $339,414 |
| All other contributions, gifts, grants, and similar amounts not included above | $505,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,540,275 |
| Total Program Service Revenue | $147,847,179 |
| Investment income | $510,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $387,887 |
| Net Gain/Loss on Asset Sales | $5,188 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,368,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,030,860 |
| 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. | $2,821,480 |
| Compensation of current officers, directors, key employees. | $356,907 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,161,455 |
| Pension plan accruals and contributions | $1,217,118 |
| Other employee benefits | $12,094,129 |
| Payroll taxes | $5,538,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $230,525 |
| Fees for services: Accounting | $113,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,198 |
| Fees for services: Other | $49,594,437 |
| Advertising and promotion | $59,470 |
| Office expenses | $228,456 |
| Information technology | $2,059,751 |
| Royalties | $0 |
| Occupancy | $2,818,956 |
| Travel | $532,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $351,685 |
| Interest | $258,936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,435,576 |
| Insurance | $589,632 |
| All other expenses | $495,072 |
| Total functional expenses | $148,397,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,270 |
| Savings and temporary cash investments | $4,407,006 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,499,576 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $714,314 |
| Prepaid expenses and deferred charges | $1,824,691 |
| Net Land, buildings, and equipment | $14,795,404 |
| Investments—publicly traded securities | $24,620,175 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,467,941 |
| Total assets | $97,338,377 |
| Accounts payable and accrued expenses | $21,586,285 |
| Grants payable | $0 |
| Deferred revenue | $414,614 |
| Tax-exempt bond liabilities | $4,892,506 |
| 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 | $1,911,843 |
| Other liabilities | $7,234,598 |
| Total liabilities | $36,039,846 |
| Net assets without donor restrictions | $60,522,609 |
| Net assets with donor restrictions | $775,922 |
| 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 | $97,338,377 |
Grants Awarded
Over the last fiscal year, Servicesource Inc has awarded $2,030,860 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PARC COMMUNITY PARTNERSHIP FOUNDATION PURPOSE: CONTRIBUTION TO FURTHER SUPPORT THE PROGRAMS OF PARC COMMUNITY PARTNERSHIP FOUNDATION. | $500,000 |
OPPORTUNITY CENTER INC PURPOSE: CONTRIBUTION TO FURTHER SUPPORT THE PROGRAMS OF OPPORTUNITY CENTER, INC. | $500,000 |
HOMES FOR INDEPENDENCE INC PURPOSE: CONTRIBUTION TO FURTHER SUPPORT THE PROGRAMS OF HOMES FOR INDEPENDENCE, INC. | $500,000 |
SERVICESOURCE FOUNDATION INC PURPOSE: CONTRIBUTION TO FURTHER SUPPORT THE PROGRAMS OF SERVICESOURCE FOUNDATION, INC. | $30,860 |
CENTRAL FAIRFAX SERVICES INC PURPOSE: CONTRIBUTION TO FURTHER SUPPORT THE PROGRAMS OF CENTRAL FAIRFAX SERVICES, INC. | $500,000 |