Occupational Enterprises Inc
- Assets
- $494.5k
- Revenue
- $958.7k
- Investments
- $0.0
- Employees
- 25
- Location
- Abingdon, VA
- Founding
- 06/2002
- Data as of
- 06/2021
- EIN
- 54-1978846
Organization Overview
Occupational Enterprises Inc is located in Abingdon, VA. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2021, Occupational Enterprises Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Occupational Enterprises 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 06/2021, Occupational Enterprises Inc generated $958.7k 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 (4.1%) each year. All expenses for the organization totaled $991.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO LOCAL DEPARTMENT OF SOCIAL SERVICES IN FULFILLING THE REQUIREMENTS FOR IMPLEMENTATION OF WELFARE TO WORK PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOB TRAINING, JOB PLACEMENT, EDUCATION, SUBSTANCE ABUSE SCREENING, COUNCILING AND REHABILITATION, JOB REFERRAL, JOB DEVELOPMENT AND EDUCATION OF SELF-EMPLOYED IN MARKETING OF HOME CRAFTED ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felisha Mcnabb Executive Director | Officer | 40 | $67,334 |
Nancy Mcghee CFO | Officer | 40 | $47,837 |
Chris Austin Vice-Chair | Trustee | 2 | $0 |
Lana Mullins Secretary | Trustee | 2 | $0 |
Trevor Hensley Chairperson | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $958,666 |
| Investment income | $60 |
| 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 | $958,726 |
| Statement of Expenses | |
|---|---|
| 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. | $115,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,620 |
| Payroll taxes | $43,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,175 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,444 |
| Travel | $26,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,669 |
| Insurance | $50,913 |
| All other expenses | $0 |
| Total functional expenses | $991,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,349 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $146,901 |
| 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 | $1,032 |
| Prepaid expenses and deferred charges | $2,144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $494,516 |
| Accounts payable and accrued expenses | $2,850 |
| 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 | $190,000 |
| Other liabilities | $0 |
| Total liabilities | $192,850 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $301,666 |
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