Chatham Trades Inc
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 63
- Location
- Siler City, NC
- Founding
- 09/1980
- Data as of
- 06/2021
- EIN
- 56-1272201
Organization Overview
Chatham Trades Inc is located in Siler City, NC. The organization was established in 1980. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2021, Chatham Trades Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chatham Trades 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, Chatham Trades Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $962.9k during the year ending 06/2021. While expenses have increased by 2.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY REHABILITATION PROGRAM SERVING ADULTS WITH PHYSICAL, INTELLECTUAL, AND DEVELOPMENTAL DISABILITIES INCLUDING EVALUATION, TRAINING, WORK ACTIVITY, JOB DEVELOPMENT AND JOB PLACEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED 35 INDIVIDUALS WITH DISABILITIES IN THE SILER CITY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Poe Executive Di | Trustee | 40 | $78,823 |
John Eldridge President | OfficerTrustee | 2 | $0 |
Mike Fisher Secretary/tr | OfficerTrustee | 1.5 | $0 |
Michael Peluso Vice Preside | OfficerTrustee | 1.5 | $0 |
Kenneth Mcpherson Board Member | Trustee | 1 | $0 |
Mary Harris Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $491,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,268 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $579,585 |
| Total Program Service Revenue | $292,807 |
| Investment income | $201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $277 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $160,960 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,038,826 |
| 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. | $78,823 |
| Compensation of current officers, directors, key employees. | $16,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $614,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,094 |
| Payroll taxes | $52,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,810 |
| 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 | $26,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,806 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,532 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,868 |
| Insurance | $18,663 |
| All other expenses | $8,477 |
| Total functional expenses | $962,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,066 |
| Savings and temporary cash investments | $200,934 |
| Pledges and grants receivable | $59,080 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $693 |
| Net Land, buildings, and equipment | $832,373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,161,146 |
| Accounts payable and accrued expenses | $59,512 |
| 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 | $574,486 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $633,998 |
| Net assets without donor restrictions | $527,148 |
| 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 | $1,161,146 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Chatham Trades Inc has recieved totaling $32,682.
| Awarding Organization | Amount |
|---|---|
United Way Of Chatham County Inc Pittsboro, NC PURPOSE: HUMAN SERVICE ORG | $25,000 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $7,000 |
Wren Foundation Inc Siler City, NC PURPOSE: EDUCATIONAL | $500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Older Worker Career Center Inc Arlington, VA | $5,908,422 | $45,760,008 |
Winston-Salem Industries For The Blind Inc Winstonsalem, NC | $96,621,151 | $36,296,744 |
Haywood Vocational Opportunities Inc Hazelwood, NC | $19,964,107 | $20,245,549 |
Good Vocations Inc Macon, GA | $12,856,222 | $11,950,736 |
Coastal Enterprises Of Jacksonville Inc Jacksonville, NC | $28,700,774 | $9,959,201 |
Watauga Opportunities Inc Boone, NC | $6,174,593 | $4,894,434 |
Liberty Corner Enterprises Inc Asheville, NC | $1,499,174 | $4,141,112 |
Polk County Sheltered Workshop Inc Columbus, NC | $2,694,853 | $2,928,986 |
Rochelle Center Nashville, TN | $4,236,048 | $3,830,558 |
Union Diversified Industries Inc Monroe, NC | $2,733,673 | $2,447,061 |
Wayne Opportunity Center Inc Goldsboro, NC | $2,444,644 | $2,788,957 |
Shen-Paco Industries Inc Quicksburg, VA | $2,025,312 | $2,326,690 |