Trace Inc
- Assets
- $23.4m
- Revenue
- $27.6m
- Investments
- $0.0
- Employees
- 1,302
- Location
- Boise, ID
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 82-0460224
Organization Overview
Trace Inc is located in Boise, ID. The organization was established in 1994. 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, Trace Inc employed 1,302 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trace 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, Trace Inc generated $27.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $26.6m during the year ending 12/2021. While expenses have increased by 3.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION, TRAINING, AND EMPLOYMENT TO THE DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRACE INC PROVIDES EDUCATION, TRAINING AND EMPLOYEMENT TO THE DISABLED IN A VOCATIONAL TRAINING ENVIRONMENT. THIS IS ACCOMPLISHED THROUGH SET-ASIDE FEDERAL SERVICE CONTRACTS RESERVED UNDER THE JAVITS WAGNER-O'DAY (JWOD-NOW KNOWN AS ABILITY ONE) ACT FOR NON PROFIT ENTITIES WHO PRIMARILY EMPLOY THE DISABLED. THE COMPANY ALSO OPERATES A ZOO AS A VOCATIONAL TRAINING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shyann Harris Vice Preside | Officer | 40 | $226,249 |
Richard Fullilove Secretary | Officer | $226,153 | |
Cheryl Harris President | Officer | 40 | $210,000 |
Steve Brandvold Director | Officer | $0 | |
Terri Drioscoll Director | Officer | $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 | $27,796,837 |
| Investment income | $186,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $137,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$508,511 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,612,315 |
| 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. | $787,915 |
| Compensation of current officers, directors, key employees. | $66,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,573,234 |
| Pension plan accruals and contributions | $941,717 |
| Other employee benefits | $3,780,766 |
| Payroll taxes | $1,328,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,676 |
| Fees for services: Accounting | $8,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,310,380 |
| Advertising and promotion | $3,200 |
| Office expenses | $182,141 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,417,395 |
| Travel | $59,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $306,920 |
| Insurance | $356,637 |
| All other expenses | $72,059 |
| Total functional expenses | $26,635,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,093,862 |
| Savings and temporary cash investments | $583,688 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,061,735 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,050 |
| Prepaid expenses and deferred charges | $19,443 |
| Net Land, buildings, and equipment | $2,186,584 |
| Investments—publicly traded securities | $7,419,789 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,369,151 |
| Accounts payable and accrued expenses | $1,479,214 |
| 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 | $1,479,214 |
| Net assets without donor restrictions | $21,889,937 |
| 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 | $23,369,151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Relay Resources Portland, OR | $80,529,576 | $46,227,388 |
Galt Foundation Salem, OR | $18,218,901 | $36,113,892 |
Trace Inc Boise, ID | $23,369,151 | $27,612,315 |
Northwest Center Renton, WA | $27,265,328 | $30,017,196 |
Vocational Development Foundation Portland, OR | $279,670,535 | $51,140,022 |
Garten Services Inc Salem, OR | $12,418,958 | $12,378,391 |
Flathead Industries Kalispell, MT | $13,457,403 | $11,698,127 |
Living Opportunities Inc Medford, OR | $7,202,652 | $8,872,920 |
Southern Oregon Aspire Inc Grants Pass, OR | $7,197,686 | $10,800,506 |
Morningside Olympia, WA | $7,181,079 | $6,575,120 |
Mv Advancements Mcminnville, OR | $10,476,386 | $6,552,818 |
Depaul Industries Portland, OR | $18,594,717 | $6,405,317 |