Rsvl Inc
- Assets
- $896.2k
- Revenue
- $920.9k
- Investments
- $0.0
- Employees
- 32
- Location
- Marrero, LA
- Founding
- 11/1992
- Data as of
- 12/2021
- EIN
- 72-1190678
Organization Overview
Rsvl Inc is located in Marrero, LA. The organization was established in 1992. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2021, Rsvl Inc employed 32 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rsvl 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, Rsvl Inc generated $920.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $622.6k during the year ending 12/2021. While expenses have increased by 17.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE QUALIFIED VISUALLY IMPAIRED VENDORS IN BUSINESS OPERATIONS THAT INCLUDE VENDING STANDS AND/OR VENDING MACHINES. THE ORGANIZATION IS ALSO INVOLVED IN PUBLIC SPIRITED ACTIVITIES-COMMUNITY INVOLVEMENT, CONTRIBUTING TO TAX EXEMPT ORGANIZATIONS, TO NAME A FEW.
Describe the Organization's Program Activity:
TO ASSIST THE QUALIFIED VISUALLY IMPAIRED AS WELL AS HANDICAPPED AND DISABLED VENDORS IN BUSINESS OPERATIONS THAT INCLUDE VENDING STANDS AND/OR VENDING MACHINES. THE ORGANIZATION IS ALSO INVOLVED IN PUBLIC SPIRITED ACTIVITIES SUCH AS HOSTING AN ANNUAL CHRISTMAS PARTY FOR KIDS AND CONTRIBUTING TO OTHER TAX-EXEMPT ORGANIZATIONS TO NAME A FEW. MEMBERS PAY DUES AND WEEKLY BINGO GAMES ARE HELD WITH NET PROCEEDS BEING DISBURSED TO THE ORGANIZATION IN ORDER TO ASSIST THE MEMBERS IN THE ONGOING TRAINING OF MANAGING A BUSINESS. THE ORGANIZATION OWNS THE BINGO HALL. REBATES ARE ALSO COLLECTED FROM CERTAIN VENDORS AND ARE DISTRIBUTED TO THE MEMBERS. AN ANNUAL CONVENTION IS HELD TO PROVIDE THE MEMBERS WITH VALUABLE INFORMATION TO ASSIST THEM IN MANAGING THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimbley Venable Treasurer | Officer | 10 | $0 |
Jessica Sisto Secretary | Officer | 10 | $0 |
Herbert Reado President | Officer | 20 | $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 | $16,510 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $135,513 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $110,368 |
| Net Income from Sales of Inventory | $377,040 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $920,931 |
| 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 | $217,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $41,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,180 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,539 |
| Office expenses | $4,144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,784 |
| Travel | $0 |
| 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 | $4,563 |
| Insurance | $31,549 |
| All other expenses | $43,842 |
| Total functional expenses | $622,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $562,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $334,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $896,168 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $896,168 |
| Total liabilities and net assets/fund balances | $896,168 |
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