Haywood Vocational Opportunities Inc
- Assets
- $20.0m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 397
- Location
- Hazelwood, NC
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 56-1651554
Organization Overview
Haywood Vocational Opportunities Inc is located in Hazelwood, NC. The organization was established in 1989. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Haywood Vocational Opportunities Inc employed 397 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haywood Vocational Opportunities 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 06/2022, Haywood Vocational Opportunities Inc generated $20.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $22.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING FOR HANDICAPPED & DISABLED BY PROVIDING A WORK ENVIRONMENT. THE SHELTERED WORKSHOP OFFERS CLIENTS ACTIVITIES OF PRODUCING MEDICAL DRAPES AND OTHER MEDICAL DEVICES, PACKING MEDICAL KITS, AND OTHER LABOR INTENSIVE CONTRACTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING FOR HANDICAPPED & DISABLED BY PROVIDING A WORK ENVIRONMENT. THE REHABILITATION CENTER PROVIDES ACTIVITIES FOR OVER 100 CLIENTS TO MANUFACTURE AND PRODUCE MEDICAL DEVICES, PACKING MEDICAL KITS, AND OTHER LABOR INTENSIVE CONTRACTS.
PROVIDE EDUCATIONAL TRAINING FOR DISABLED PERSONS AND VOCATIONAL EVALUATION FOR HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Rebecca Stamey Corporate Se | Officer | 40 | $0 |
David Angel Director | Trustee | 1 | $0 |
Bill Cole Chair | Trustee | 1 | $0 |
Wendolyn Forbes Director | Trustee | 1 | $0 |
Rhonda Schandevel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,505,666 |
| 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 | $1,505,666 |
| Total Program Service Revenue | $18,629,214 |
| Investment income | $59,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,870 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,245,549 |
| 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. | $197,416 |
| Compensation of current officers, directors, key employees. | $197,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,297,969 |
| Pension plan accruals and contributions | $248,221 |
| Other employee benefits | $1,102,704 |
| Payroll taxes | $574,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $96,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,134 |
| Office expenses | $15,014 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $316,514 |
| Travel | $12,751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $83,441 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $621,665 |
| Insurance | $317,798 |
| All other expenses | $606,334 |
| Total functional expenses | $22,281,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507 |
| Savings and temporary cash investments | $125,667 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,309,275 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,964,889 |
| Prepaid expenses and deferred charges | $82,768 |
| Net Land, buildings, and equipment | $10,331,033 |
| Investments—publicly traded securities | $2,113,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,035 |
| Total assets | $19,964,107 |
| Accounts payable and accrued expenses | $2,605,671 |
| 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 | $1,686,141 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,179,263 |
| Total liabilities | $5,471,075 |
| Net assets without donor restrictions | $14,493,032 |
| 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 | $19,964,107 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Haywood Vocational Opportunities Inc has recieved totaling $540.
| Awarding Organization | Amount |
|---|---|
Haywood Healthcare Foundation Clyde, NC | | $540 |
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 |