Relief Enterprise Inc
- Assets
- $3.6m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 217
- Location
- Austin, TX
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 74-2801951
Organization Overview
Relief Enterprise Inc is located in Austin, TX. The organization was established in 1997. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2023, Relief Enterprise Inc employed 217 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Relief Enterprise 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 12/2023, Relief Enterprise Inc generated $11.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $10.9m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 9 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
PROVIDE DISABLED INDIVIDUALS WITH TRAINING AND JOB OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE DISABLED INDIVIDUALS WITH TRAINING AND JOB OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Williams COO | Officer | 65 | $132,915 |
Clarence Williams Executive Director | Officer | 55 | $132,915 |
Joe Bryant Board Member | Trustee | 5 | $0 |
John Griffin Board Member | Trustee | 5 | $0 |
Curtis Mccormick Board Member | Trustee | 5 | $0 |
Tom Hanna Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,351,958 |
| 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 | $1,351,958 |
| Total Program Service Revenue | $10,351,335 |
| Investment income | $29,071 |
| 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 | $11,732,364 |
| 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 | $5,860,748 |
| Pension plan accruals and contributions | $333,007 |
| Other employee benefits | $1,314,880 |
| Payroll taxes | $442,538 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,735 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,319 |
| Advertising and promotion | $196 |
| Office expenses | $111,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,427 |
| Travel | $51,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,879 |
| Insurance | $1,105,934 |
| All other expenses | $1,314,547 |
| Total functional expenses | $10,855,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,715,603 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $850,277 |
| 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 | $918,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,160 |
| Total assets | $3,622,298 |
| Accounts payable and accrued expenses | $1,626,237 |
| 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 | $403,481 |
| Other liabilities | $0 |
| Total liabilities | $2,029,718 |
| Net assets without donor restrictions | $1,592,580 |
| 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 | $3,622,298 |