Telamon Corporation
- Assets
- $25.2m
- Revenue
- $77.5m
- Investments
- $36.0k
- Employees
- 1,261
- Location
- Raleigh, NC
- Founding
- 03/1973
- Data as of
- 09/2023
- EIN
- 56-1022483
Organization Overview
Telamon Corporation, operating under the name Transition Resources Corporation, is located in Raleigh, NC. The organization was established in 1973. 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 09/2023, Transition Resources Corporation employed 1,261 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transition Resources Corporation 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 09/2023, Transition Resources Corporation generated $77.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $85.0m during the year ending 09/2023. While expenses have increased by 2.7% 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, Transition Resources Corporation has awarded 17 individual grants totaling $4,044,062. 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 PROVIDE EDUCATIONAL SERVICES THAT LEAD TO BETTER JOBS, BETTER LIVES, AND BETTER COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD AND FAMILY SUPPORT - COMPREHENSIVE EARLY CHILDHOOD SERVICES FOR ELIGIBLE CHILDREN AND FAMILIES, INCLUDING MIGRANT AND SEASONAL FARMWORKER FAMILIES VIA HEAD START SERVICES. PROGRAMS FOCUSED ON PREPARING YOUNG CHILDREN FOR SCHOOL AND STRENGTHENING FAMILIES THROUGH EDUCATION AND SUPPORT VIA COLLABORATIVE COMMUNITY PARTNERSHIPS.
HOUSING AND FINANCIAL EMPOWERMENT SERVICES - PROGRAMS HELP CUSTOMERS BUILD FINANCIAL SECURITY THROUGH SECURE, AFFORDABLE, AND SAFE HOUSING OPTIONS. ARRAY OF SERVICES INCLUDE TRANSITIONAL AND PERMANENT HOUSING SUPPORT, EVICTION PREVENTION, AND UTILITY AND ENERGY ASSISTANCE. THIS ALSO INCLUDES ONE ON ONE COUNSELING, COACHING, AND GROUP WORKSHOPS ON MORTGAGE PROTECTION, FAIR HOUSING, HOMEBUYER AND RENTER EDUCATION, AND PERSONAL FINANCE AND BUDGETING.
WORKFORCE AND CAREER SERVICES - BROAD ARRAY OF CUSTOMIZED WORK READINESS, JOB SKILL AND SAFETY TRAINING WITH FOCUS ON HELPING MIGRANT AND SEASONAL FARMWORKERS SEEKING TO BUILD NEW SKILL SETS. CAREER READINESS AND JOB SKILL DEVELOPMENT SUPPLEMENTED BY LANGUAGE (ESL), EDUCATIONAL SUPPORT (GED), ONE ON ONE COUNSELING, AND TOPIC SPECIFIC WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Carmon III Chair | OfficerTrustee | 1.5 | $0 |
Christopher Schuster Vice-Chair | OfficerTrustee | 1.5 | $0 |
David Hood Treasurer | OfficerTrustee | 1.5 | $0 |
Chelsie Jaramillo Secretary | OfficerTrustee | 1.5 | $0 |
Jennifer Mcentire Secretary (thru 08/2023) | OfficerTrustee | 1.5 | $0 |
Kei Alegria-Flores Member (as Of 11/2022) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Half Temporary Staffing | 9/29/23 | $1,200,551 |
Roth Staffing Companies Lp Staffing | 9/29/23 | $577,620 |
Teresa Fitzpatrick Contracting Company Building Maint. And Repairs | 9/29/23 | $374,633 |
Ejj Solutions Llc It Services And Consulting | 9/29/23 | $283,914 |
A Safe Place Childcare Services | 9/29/23 | $276,748 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,823,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,102,287 |
| Noncash contributions included in lines 1a–1f | $1,036,633 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,925,967 |
| Total Program Service Revenue | $373,249 |
| Investment income | $48,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $166,947 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,514,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $262,846 |
| Grants and other assistance to domestic individuals. | $18,236,984 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,513 |
| Compensation of current officers, directors, key employees. | $321,513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,002,658 |
| Pension plan accruals and contributions | $2,885,584 |
| Other employee benefits | $8,912,579 |
| Payroll taxes | $2,128,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $291,061 |
| Fees for services: Accounting | $78,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,444,664 |
| Advertising and promotion | $65,073 |
| Office expenses | $6,515,023 |
| Information technology | $1,334,685 |
| Royalties | $0 |
| Occupancy | $1,435,981 |
| Travel | $1,530,226 |
| 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 | $1,237,344 |
| Insurance | $1,565,671 |
| All other expenses | $1,212,477 |
| Total functional expenses | $84,980,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,167 |
| Savings and temporary cash investments | $4,962,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,034,365 |
| Loans from Officers, Directors, or Controlling Persons | $250,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $225,732 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $610,535 |
| Net Land, buildings, and equipment | $14,176,987 |
| Investments—publicly traded securities | $19,861 |
| Investments—other securities | $36,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600,266 |
| Total assets | $25,180,579 |
| Accounts payable and accrued expenses | $9,668,023 |
| Grants payable | $0 |
| Deferred revenue | $516,535 |
| 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 | $2,903,817 |
| Total liabilities | $13,088,375 |
| Net assets without donor restrictions | $609,112 |
| Net assets with donor restrictions | $11,483,092 |
| 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 | $25,180,579 |
Grants Awarded
Over the last fiscal year, Telamon Corporation has awarded $262,846 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BUEN PASTOR MINISTRIES PURPOSE: DAY CARE SERVICE FOR ELIGIBLE MIGRANT CHILDREN | $219,191 |
NC COMMUNITY HOUSING & CONSULTING PURPOSE: DAY CARE SERVICE FOR ELIGIBLE MIGRANT CHILDREN | $43,655 |