Skills Development Services Inc
- Assets
- $12.0m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 273
- Location
- Tullahoma, TN
- Founding
- 07/1972
- Data as of
- 06/2022
- EIN
- 62-0673796
Organization Overview
Skills Development Services Inc is located in Tullahoma, TN. The organization was established in 1972. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Skills Development Services Inc employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skills Development Services 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, Skills Development Services Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 8.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DAY TRAINING FOR MENTALLY HANDICAPPED ADULTS AND RESIDENTIAL HOUSING FOR MENTALLY HANDICAPPED ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY TRAINING FOR MENTALLY HANDICAPPED ADULTS; RESIDENTIAL HOUSING FOR MENTALLY HANDICAPPED ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Browning Director | Trustee | $0 | |
John Eaton Director | Trustee | $0 | |
Charlotte Frazine Secretary | OfficerTrustee | $0 | |
Stephanie Issac Director | Trustee | $0 | |
Cheryl King Chairperson | Trustee | $0 | |
Jinson Knott Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,397,210 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,400,877 |
| Total Program Service Revenue | $633,553 |
| Investment income | $44,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,966 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,135,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,043 |
| 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 | $6,684,424 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,578,555 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,493 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $220,108 |
| Travel | $321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $450 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214,669 |
| Insurance | $194,469 |
| All other expenses | $212,779 |
| Total functional expenses | $9,891,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,487,086 |
| Pledges and grants receivable | $2,068,473 |
| Accounts receivable, net | $19,504 |
| 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 | $16,400 |
| Net Land, buildings, and equipment | $1,650,640 |
| Investments—publicly traded securities | $1,608,683 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,291 |
| Total assets | $11,959,077 |
| Accounts payable and accrued expenses | $15,769 |
| 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 | $483,449 |
| Total liabilities | $499,218 |
| Net assets without donor restrictions | $11,459,859 |
| 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 | $11,959,077 |