Neuse Enterprises Inc
- Assets
- $2.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 249
- Location
- Kinston, NC
- Founding
- 07/1982
- Data as of
- 06/2022
- EIN
- 58-1466367
Organization Overview
Neuse Enterprises Inc is located in Kinston, NC. The organization was established in 1982. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Neuse Enterprises Inc employed 249 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neuse Enterprises 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, Neuse Enterprises Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) 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
PROVIDING PERSONNEL, SERVICES AND FACILITIES TO DELIVER A PROGRAM OF REHABILITATION FOR THE DEVELOPMENTALLY DISABLED WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEUSE ENTERPRISES INC SERVES CLIENTS FOR THE PURPOSE OF PROVIDING PERSONNEL SERVICES AND FACILITIES FOR CARRYING A PROGRAM OF REHABILITATION FOR ADULTS WITH SUBSTANTIAL VOCATIONAL HANDICAPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Deans Executive Di | OfficerTrustee | 40 | $69,117 |
Teresa Barwick Director | Trustee | $0 | |
Sarone Cannon Director | Trustee | $0 | |
Judy Ellis Director | Trustee | $0 | |
Al Gold Treasurer | OfficerTrustee | $0 | |
Jimette Graham Vice-Chairma | OfficerTrustee | $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 | $2,285,227 |
| Investment income | -$22,781 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,262,446 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,424,664 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $90,853 |
| Fees for services: Management | $145,199 |
| Fees for services: Legal | $0 |
| 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 | $18,936 |
| Advertising and promotion | $3,932 |
| Office expenses | $13,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,497 |
| Travel | $882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,698 |
| Interest | $24 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,665 |
| Insurance | $32,724 |
| All other expenses | $52,956 |
| Total functional expenses | $1,997,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,796,251 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,356 |
| 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 | $4,964 |
| Net Land, buildings, and equipment | $492,801 |
| Investments—publicly traded securities | $197,627 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,631,999 |
| Accounts payable and accrued expenses | $71,016 |
| 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 | $0 |
| Total liabilities | $71,016 |
| Net assets without donor restrictions | $2,560,983 |
| 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 | $2,631,999 |