Skills Inc
- Assets
- $3.6m
- Revenue
- $732.5k
- Investments
- $0.0
- Employees
- 66
- Location
- Elizabeth City, NC
- Founding
- 09/1982
- Data as of
- 06/2023
- EIN
- 56-1324184
Organization Overview
Skills Inc is located in Elizabeth City, NC. The organization was established in 1982. 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, Skills Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skills 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, Skills Inc generated $732.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $550.9k during the year ending 06/2023. While expenses have increased by 2.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HANDICAPPED REHABILITATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARRY OUT A RECONGNIZED PROGRAM OF REHABILITATION FOR HANDICAPPED WORKERS AND/OR PROVIDING SUCH INDIVIDUALS WITH EMPLOYMENT OR OTHER OCCUPATIONAL REHABILITATION ACTIVITIES CLIENTS EVALUATED 0 CLIENTS PLACED IN WORK ADJUSTMENT 12 CLIENTS PLACED IN COMMUNITY EMPLOYMENT SERVICES PROGRAM 9 CLIENTS PLACED IN COMPETITIVE EMPLOYMENT 6 CLIENTS PLACED IN SUPPORTIVE EMPLOYMENT OR 5 ON THE JOB TRAINING CLIENTS LEFT READY FOR FULLTIME EMPLOYMENT 0 CLIENTS TRANSFERRED TO OTHER PROGRAMS 6 NUMBER OF CLIENTS PLACED IN JOB COACHING PROGRAMS 15 COMPLETED EVALUATION-RECOMMENDED FOR OTHER SERVICES 0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk S Devine Director | Trustee | 40 | $78,855 |
Michelle Clark Secretary | OfficerTrustee | 3 | $0 |
Thomas Wood President | OfficerTrustee | 3 | $0 |
Geri Zaler Treasurer | OfficerTrustee | 2 | $0 |
John Denscombe Vice-President | OfficerTrustee | 3 | $0 |
Gemini Johnson Board Of Directors | Trustee | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $121,072 |
| Investment income | $32,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,301 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $528,935 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $732,520 |
| 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. | $78,855 |
| Compensation of current officers, directors, key employees. | $78,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,805 |
| Pension plan accruals and contributions | $25,546 |
| Other employee benefits | $47,090 |
| Payroll taxes | $25,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,675 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,335 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,005 |
| 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 | $60,813 |
| Insurance | $5,277 |
| All other expenses | $14,193 |
| Total functional expenses | $550,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,378 |
| Savings and temporary cash investments | $2,096,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $454,474 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,521 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $570,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,592,212 |
| Accounts payable and accrued expenses | $32,405 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $124,807 |
| Total liabilities | $157,212 |
| Net assets without donor restrictions | $3,435,000 |
| 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 | $3,592,212 |