Sunshine Industries Inc
- Assets
- $19.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 103
- Location
- Ardmore, OK
- Founding
- 03/1970
- Data as of
- 06/2023
- EIN
- 73-0785571
Organization Overview
Sunshine Industries Inc is located in Ardmore, OK. The organization was established in 1970. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2023, Sunshine Industries Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunshine 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 06/2023, Sunshine Industries Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE PEOPLE WITH DEVELOPMENTAL DISABILITIES TO ACHIEVE FULL POTENTIAL AND AN ENHANCED QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT SERVICES & PRODUCTION PROGRAM - PROVIDES ON THE JOB TRAINING IN THE WORKSHOP SETTING, LITTER CREW TRAINING, AND OTHER EMPLOYMENT TRAINING OPPORTUNITIES FOR PEOPLE WITH DEVELOPMENAL DISABILTIES.
RESIDENTIAL SERVICES PROGRAM - PROVIDES DAILY LIVING SKILLS TRAINING AND ASSISTANCE FOR ADULTS WITH DEVELOPMENTAL DISABILTIES IN A GROUP HOME SETTING OR IN PRIVATE HOMES IN THE COMMUNITY. ALL ADULTS LEARN RESPOSIBILITIES FOR CLEANING, COOKING, SHOPPING AND HOME MAINTENANCE.
ADULT DAY SERVICES PROGRAM - PROVIDES UP TO 8 HOURS OF CARE DAILY TO INDIVIDUALS OVER THE AGE OF 18 YEARS WHO EITHER HAVE A PHYSICAL OR INTELLIGENCE CHALLENGES THAT REQUIRE THE ASSISTANCE OF ANOTHER PERSON TO COMPLETE THEIR DAILY CARE NEEDS. PARTICIPANTS ENJOY SOCIAL INTERACTION, MENTAL STIMULATION, PHYSICAL ACTIVITIES AND NUTRITIOUS MEALS/SNACKS. STAFF ALSO MONTIOR BASIC HEALTH CARE OUTCOMES ACCORDING THE PARTICIPANTS CARE PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Williams Board Member | Trustee | 1 | $0 |
Scott Callender Board Member | Trustee | 1 | $0 |
Gary Farabough Board Member | Trustee | 1 | $0 |
Nathan Verner Board Member | Trustee | 1 | $0 |
Bill Rahhal Board Member | Trustee | 1 | $0 |
Belinda Chapman Vice-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,320,082 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,398,345 |
| Total Program Service Revenue | $262,880 |
| Investment income | $543,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $136,298 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $203,211 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,544,583 |
| 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. | $142,234 |
| Compensation of current officers, directors, key employees. | $21,335 |
| Compensation to disqualified persons | $1,879,534 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $77,849 |
| Other employee benefits | $347,620 |
| Payroll taxes | $140,798 |
| 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 | $2,600 |
| Fees for services: Other | $700 |
| Advertising and promotion | $267 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,816 |
| Travel | $24,700 |
| 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 | $252,902 |
| Insurance | $68,506 |
| All other expenses | $15,266 |
| Total functional expenses | $3,226,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $565,422 |
| Savings and temporary cash investments | $610,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $88,898 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,571,878 |
| Investments—publicly traded securities | $13,942,837 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,992,053 |
| Accounts payable and accrued expenses | $126,862 |
| 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 | $126,862 |
| Net assets without donor restrictions | $16,409,307 |
| Net assets with donor restrictions | $2,455,884 |
| 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 | $18,992,053 |