Employment Solutions Inc
- Assets
- $15.5m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 375
- Location
- Lexington, KY
- Founding
- 06/1984
- Data as of
- 06/2022
- EIN
- 61-1031382
Organization Overview
Employment Solutions Inc is located in Lexington, KY. The organization was established in 1984. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, Employment Solutions Inc employed 375 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employment Solutions 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, Employment Solutions Inc generated $19.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $17.0m during the year ending 06/2022. While expenses have increased by 11.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYMENT SOLUTIONS IS AN ORGANIZATION THAT PROMOTES PERSONAL AND ECONOMIC INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREVOCATIONAL, JOB PLACEMENT AND OTHER SUPPORTIVE SERVICES TO PERSONS WITH DISABILITIES THROUGH AGREEMENTS WITH THE KENTUCKY DEPARTMENT OF MEDICAID SERVICES AND THE KENTUCKY OFFICE FOR VOCATIONAL REHABILITATION.
DEVELOPMENT AND OPERATION OF THE COLLEGE FOR TECHNICAL EDUCATION TO SERVE AS AN OCCUPATIONAL SKILLS TRAINING CENTER FOR PERSONS WITH SIGNIFICANT EMPLOYMENT BARRIERS.
DEVELOPMENT AND OPERATION OF LIFEWORKS TO PROVIDE RESIDENTIAL AND THERAPY SERVICES TO INDIVIDUALS THRU THE KENTUCKY DEPARTMENT OF MEDICAID SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Lucas Board Member | Trustee | 2 | $0 |
Ginny Ramsey Board Member | Trustee | 2 | $0 |
Dr Debra Harley Board Member | Trustee | 2 | $0 |
Doug Mcswain Board Member | Trustee | 2 | $0 |
Fred Brown Board Member | Trustee | 2 | $0 |
Peggy Henson President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
William Seiring Residential Services | 6/29/22 | $122,092 |
Christie Jones Residential Services | 6/29/22 | $122,092 |
Ron Skees Residential Services | 6/29/22 | $121,437 |
Elisha Mutayongwa Residential Services | 6/29/22 | $119,480 |
Rosalia Garcia-candia Residential Services | 6/29/22 | $119,467 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,942,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,942,861 |
| Total Program Service Revenue | $17,151,298 |
| Investment income | $368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$231,452 |
| Net Gain/Loss on Asset Sales | $18,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $232,092 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,128,596 |
| 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. | $198,342 |
| Compensation of current officers, directors, key employees. | $198,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,240,837 |
| Pension plan accruals and contributions | $106,027 |
| Other employee benefits | $545,632 |
| Payroll taxes | $416,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,291,537 |
| Advertising and promotion | $178,186 |
| Office expenses | $352,754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $556,634 |
| Travel | $334,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,426 |
| Interest | $43,697 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $592,485 |
| Insurance | $88,040 |
| All other expenses | $36,603 |
| Total functional expenses | $16,993,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,093,860 |
| Savings and temporary cash investments | $869,838 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $965,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,794 |
| Prepaid expenses and deferred charges | $24,767 |
| Net Land, buildings, and equipment | $10,447,465 |
| Investments—publicly traded securities | $978,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $27,500 |
| Other assets | $0 |
| Total assets | $15,459,026 |
| Accounts payable and accrued expenses | $1,242,789 |
| Grants payable | $0 |
| Deferred revenue | $306,920 |
| 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 | $2,467,228 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,016,937 |
| Net assets without donor restrictions | $11,442,089 |
| 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 | $15,459,026 |