Workshop Of Davidson Incorporated
- Assets
- $1.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 44
- Location
- Lexington, NC
- Founding
- 06/1967
- Data as of
- 06/2024
- EIN
- 56-0840471
Organization Overview
Workshop Of Davidson Incorporated is located in Lexington, NC. The organization was established in 1967. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2024, Workshop Of Davidson Incorporated employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workshop Of Davidson Incorporated 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, Workshop Of Davidson Incorporated generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.8m during the year ending 06/2024. While expenses have increased by 10.9% per year over the past 4 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
TRAINING AND VOCATIONAL REHABILITATION AND GROUP HOUSING FOR PERSONS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TRAINING AND VOCATIONAL REHABILITATION FOR THE PHYSICALLY AND MENTALLY HANDICAPPED.
PROVIDED GROUP HOUSING FOR THE MENTALLY AND PHYSICALLY DISABLED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Hodges Board Member | Trustee | 1 | $0 |
Pat Dunning Board Member | Trustee | 1 | $0 |
Terri Beck Board Member | Trustee | 1 | $0 |
Mike Craver Board Member | Trustee | 1 | $0 |
Ravin Shah Board Member | Trustee | 1 | $0 |
Lauren Hall Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,705 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,314,602 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,411,614 |
| Total Program Service Revenue | $121,119 |
| Investment income | $0 |
| 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 | $22,470 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,556,553 |
| 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 | $997,530 |
| Pension plan accruals and contributions | $11,306 |
| Other employee benefits | $95,561 |
| Payroll taxes | $73,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,245 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,512 |
| 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 | $46,573 |
| Insurance | $0 |
| All other expenses | $145,818 |
| Total functional expenses | $1,782,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,223,961 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,071 |
| 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 | $20,173 |
| Net Land, buildings, and equipment | $286,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,820 |
| Total assets | $1,713,852 |
| Accounts payable and accrued expenses | $53,093 |
| Grants payable | $0 |
| Deferred revenue | $141,711 |
| 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 | $0 |
| Total liabilities | $194,804 |
| Net assets without donor restrictions | $1,505,228 |
| Net assets with donor restrictions | $13,820 |
| 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 | $1,713,852 |