Johnston County Industries Inc
- Assets
- $7.4m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 348
- Location
- Selma, NC
- Founding
- 06/1976
- Data as of
- 06/2023
- EIN
- 56-1101999
Organization Overview
Johnston County Industries Inc is located in Selma, NC. The organization was established in 1976. 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, Johnston County Industries Inc employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Johnston County Industries 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, Johnston County Industries Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $7.9m during the year ending 06/2023. While expenses have increased by 2.1% 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
EMPOWERING PEOPLE WITH DISABILITIES OR DISADVANTAGES TO SUCCEED THROUGH TRAINING AND EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP AND OPERATE PROGRAMS THAT TRAIN, PLACE AND PROVIDE EMPLOYMENT FOR PERSONS WHO ARE DISABLED, ECONOMICALLY DISADVANTAGED AND CULTURALLY CHALLENGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Shallcross Jr Board Chair | OfficerTrustee | 1 | $0 |
Michele Grady Vice Chair | OfficerTrustee | 1 | $0 |
Cheryl Oliver Secretary/tr | OfficerTrustee | 1 | $0 |
Mary Ann Yansom Director | Trustee | 0.5 | $0 |
Randy Mclean Director | Trustee | 0.5 | $0 |
Kirk Denning Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $411,956 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $467,807 |
| Total Program Service Revenue | $5,794,385 |
| Investment income | $61,492 |
| 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 | $1,717,465 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,045,968 |
| 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. | $363,640 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,641,993 |
| Pension plan accruals and contributions | $156,232 |
| Other employee benefits | $544,591 |
| Payroll taxes | $422,642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,437 |
| Fees for services: Other | $190,058 |
| Advertising and promotion | $33,209 |
| Office expenses | $96,146 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $378,833 |
| Travel | $72,631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,577 |
| Insurance | $71,173 |
| All other expenses | $58,237 |
| Total functional expenses | $7,865,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,433 |
| Savings and temporary cash investments | $1,076,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,276,948 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $254,253 |
| Prepaid expenses and deferred charges | $108,726 |
| Net Land, buildings, and equipment | $2,826,265 |
| Investments—publicly traded securities | $1,766,145 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,446 |
| Total assets | $7,372,044 |
| Accounts payable and accrued expenses | $337,565 |
| Grants payable | $0 |
| Deferred revenue | $29,223 |
| 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 | $733,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,100,688 |
| Net assets without donor restrictions | $6,035,812 |
| Net assets with donor restrictions | $235,544 |
| 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 | $7,372,044 |