Eastern Carolina Vocational Center Inc
- Assets
- $30.6m
- Revenue
- $13.6m
- Investments
- $100.0
- Employees
- 284
- Location
- Greenville, NC
- Founding
- 12/1965
- Data as of
- 06/2023
- EIN
- 56-0889288
Organization Overview
Eastern Carolina Vocational Center Inc is located in Greenville, NC. The organization was established in 1965. 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, Eastern Carolina Vocational Center Inc employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Carolina Vocational Center 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, Eastern Carolina Vocational Center Inc generated $13.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $11.1m during the year ending 06/2023. While expenses have increased by 2.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP PERSONS WITH DISABILITIES ATTAIN A HIGHER QUALITY OF LIFE THROUGH ACHIEVEMENT OF THEIR VOCATIONAL GOALS.JOB TRAINING AND EMPLOYMENT SERVICES ARE PROVIDED TO PERSONS WITH DISABILITIES IN PITT COUNTY AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL REHABILITATION COMBINED PROGRAMS INCLUDES: VOCATIONAL EVALUATION- A 4 WEEK PROGRAM WHERE A CLIENT'S POTENTIAL FOR EMPLOYMENT IS ASSESSED. WORK ADJUST- A SHORT TERM PROGRAM DESIGNED TO PREPARE A CLIENT FOR COMPETITIVE JOB PLACEMENT. SUPPORTED EMPLOYMENT- PROVIDES JOB PLACEMENT FOR THOSE NEEDING INTENSIVE INSTRUCTION & ONGOING SUPPORT.
ADULT DEVELOPMENTAL ACTIVITIES PROGRAM - A LONG TERM TRAINING PROGRAM FOR PERSONS WITH MORE SEVERE DISABILITIES. PROVIDES WORK EXPERIENCES DESIGNED TO HELP INDIVIDUALS LEARN BASIC WORK SKILLS, IMPROVE/MAINTAIN PRODUCTIVITY, AND DEVELOP APPROPRIATE WORK HABITS AND SOCIAL SKILLS.
COST OF PRODUCTION - THE INDIRECT EXPENSES INCURRED IN SELLING THE INVENTORY ITEMS THAT ARE MANUFACTURED OR OTHERWISE PREPARED FOR SALE WITH THE AID OF MENTALLY AND PHYSICALLY DISABLED CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Ward-Ross CEO | Officer | 40 | $178,009 |
Elizabeth Davis CFO | Officer | 40 | $168,421 |
Jason Thomas COO | Officer | 40 | $158,651 |
Darone Dancy VP Of Workfo | Officer | 40 | $118,436 |
John Coward Hce | 40 | $114,697 | |
Paul Craven VP Of Operat | Officer | 40 | $106,793 |
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 | $70,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,905 |
| Total Program Service Revenue | $785,469 |
| Investment income | $312,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,404,719 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,636,729 |
| 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. | $730,310 |
| Compensation of current officers, directors, key employees. | $505,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,010,086 |
| Pension plan accruals and contributions | $265,355 |
| Other employee benefits | $1,073,158 |
| Payroll taxes | $459,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,949 |
| Fees for services: Other | $38,318 |
| Advertising and promotion | $33,045 |
| Office expenses | $5,963 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,211 |
| 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 | $510,000 |
| Insurance | $129,520 |
| All other expenses | $635,230 |
| Total functional expenses | $11,081,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $650 |
| Savings and temporary cash investments | $12,525,475 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,406,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,118,457 |
| Prepaid expenses and deferred charges | $175,215 |
| Net Land, buildings, and equipment | $5,190,943 |
| Investments—publicly traded securities | $5,177,501 |
| Investments—other securities | $100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,766 |
| Total assets | $30,597,516 |
| Accounts payable and accrued expenses | $2,753,401 |
| Grants payable | $0 |
| Deferred revenue | $1,525 |
| 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 | $2,754,926 |
| Net assets without donor restrictions | $27,842,590 |
| 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 | $30,597,516 |