Terrell Industries Inc
- Assets
- $343.2k
- Revenue
- $421.8k
- Investments
- $0.0
- Employees
- 33
- Location
- Huntsville, AL
- Founding
- 02/1987
- Data as of
- 12/2021
- EIN
- 63-0929646
Organization Overview
Terrell Industries Inc is located in Huntsville, AL. The organization was established in 1987. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Terrell Industries Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terrell Industries 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 12/2021, Terrell Industries Inc generated $421.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $414.6k during the year ending 12/2021. While expenses have increased by 6.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYS SPECIAL NEEDS AND MENTALLY HANDICAPPED INDIVIDUALS WITH JOBS SPECIALIZING IN PACKAGING, LABELING, QUALITY CHECKING AND ASSEMBLY FOR INDUSTRIES IN AND AROUND MORGAN COUNTY, ALABAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EMPLOYMENT TO 44-59 MENTALLY HANDICAPPED INDIVIDUALS. PRIMARY ACTIVITIES CONSISTS OF ASSEMBLING COAT HANGERS, RUBBER DOOR INSULATION, REFRIGERATION INSULATION, AND OTHER VARIOUS MANUFACTURING RELATED CONTRACTS.
DONATIONS & FUNDRAISERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Barnes Treasurer | OfficerTrustee | 0 | $0 |
Patrick Caver Vice President | OfficerTrustee | 0 | $0 |
Todd Bennich President | OfficerTrustee | 0 | $0 |
Angel Rollins Secretary | OfficerTrustee | 0 | $0 |
Leon Key Board Member | Trustee | 0 | $0 |
Lisa English Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,928 |
| Total Program Service Revenue | $355,793 |
| Investment income | $98 |
| 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 | $421,819 |
| 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 | $283,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,825 |
| Payroll taxes | $23,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,700 |
| 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 | $6,685 |
| Information technology | $1,026 |
| Royalties | $0 |
| Occupancy | $6,089 |
| Travel | $2,160 |
| 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 | $24,898 |
| Insurance | $13,571 |
| All other expenses | $3,774 |
| Total functional expenses | $414,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,141 |
| 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 | $0 |
| Net Land, buildings, and equipment | $136,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $343,151 |
| Accounts payable and accrued expenses | $2,381 |
| 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 | $2,381 |
| Net assets without donor restrictions | $0 |
| 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 | $343,151 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Terrell Industries Inc has recieved totaling $8,219.
| Awarding Organization | Amount |
|---|---|
United Way Of Morgan County Decatur, AL PURPOSE: SUPPORT RETARDATION | $8,219 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Co-Op Inc Miami, FL | $32,387,947 | $28,658,578 |
First Coast Workforce Development Inc Fleming Island, FL | $3,324,303 | $15,945,752 |
Careersource Palm Beach County Inc West Palm Beach, FL | $2,317,114 | $14,436,935 |
Careersource Florida Inc Tallahassee, FL | $11,274,205 | $13,537,394 |
Southeast Community Capital Corporation Nashville, TN | $264,396,878 | $22,555,455 |
Southwest Alabama Partnership For Training And Employment Inc Mobile, AL | $2,770,516 | $12,222,275 |
Tech Alabama Birmingham, AL | $26,385,584 | $28,965,281 |
Northern Middle Tennessee Local Workforce Development Board Inc Clarksville, TN | $2,905,431 | $10,764,896 |
Southwest Florida Workforce Development Board Inc Fort Myers, FL | $6,992,908 | $10,165,135 |
Workforce Essentials Inc Clarksville, TN | $30,139,027 | $9,106,360 |
Worknet Pinellas Inc Clearwater, FL | $1,995,144 | $7,597,320 |
Employu Inc Casselberry, FL | $5,383,927 | $11,177,844 |