Esteamed Coffee Inc is located in Cary, NC. The organization was established in 2019. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2023, Esteamed Coffee Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esteamed Coffee 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, Esteamed Coffee Inc generated $301.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $274.5k during the year ending 12/2023. 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
ESTEAMED COFFEE'S MISSION IS TO LOWER THE UNEMPLOYMENT RATE AND INCREASE THE QUALITY OF LIFE FOR ADULTS WITH INTELLECTUAL, DEVELOPMENTAL, COMMUNICATION, AND/OR VISUAL DISABILITES BY CREATING MEANINGFUL JOBS AND SOCIAL OPPORTUNITIES IN A WARM, SUPPORTIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COFFEE SALES
PROGRAM COMMUNITY IMPACT: WORKFORCE DEVELOPMENT PROGRAM: ACCORDING TO THE US DEPARTMENT OF LABOR, THE LABOR FORCE PARTICIPATION RATE IN JANUARY OF 2024 FOR INDIVIDUALS AGES 16-64 WITH A DISABILITY WAS 40.5%, COMPARED WITH A RATE OF 77.3% FOR THOSE WITHOUT A DISABILITY. CURRENTLY, WE HAVE 16 ADULTS WITH DISABILITIES EMPLOYED AT ESTEAMED COFFEE. OUR MANAGERS WORK CLOSELY WITH THE STAFF TO DEVELOP THEIR JOB SKILLS AND SOCIAL ABILITIES WITH THE INTENT OF INCREASING THEIR CONFIDENCE AND GROWING THEIR ABILITY TO JOIN THE MAINSTREAM WORKFORCE. EXPENSES RELATED TO THIS PROGRAM ARE ALL GENERAL OPERATING EXPENSES OF THE CAFE (COST OF GOODS, MERCHANDISE, PAYROLL, EQUIPMENT, ETC.). LOCAL ART PROGRAM: EACH QUARTER, WE PARTNER WITH 4-6 LOCAL ARTISTS WITH DISABILITIES AND PROVIDE A PLATFORM FOR THEM TO SELL THEIR WORK IN THE SHOP FOR COMMISSION. MOST RECENTLY WE HAVE ALSO BEGUN HOSTING INCLUSIVE ART MARKETS THAT SEE 5-10 VENDORS WITH DISABILITIES SELLING THEIR WORK TO THE GENERAL PUBLIC OUTSIDE OUR STORE IN DOWNTOWN CARY, FOR A SMALL VENDOR FEE (MOST RECENTLY 50). EXPENSES RELATED TO THIS PROGRAM INCLUDE 60% COMMISSIONS TO EACH ARTIST EVERY MONTH. VOLUNTEER PROGRAM: OUR VOLUNTEER PROGRAM GIVES ADULTS WITH DISABILITIES THE CHANCE TO DEVELOP THEIR OWN SKILLS WHILE PROVIDING A SENSE OF ACCOMPLISHMENT. FOR EXAMPLE, THEY PRACTICE SOCIAL SKILLS THROUGH GREETING CUSTOMERS AND WORKPLACE SKILLS THROUGH MAINTAINING THE CLEANLINESS OF THE CAF FLOOR ALONGSIDE NEUROTYPICAL VOLUNTEER GUIDES. WE ALSO ENGAGE COMMUNITY VOLUNTEERS IN CARY THROUGH OPPORTUNITIES TO BE A SOCIAL EVENT AIDE OR SERVE ON A COMMITTEE (FOR EXAMPLE, OUR MERCHANDISE COMMITTEE, LOCAL ART COMMITTEE, OR GALA COMMITTEE). EXPENSES RELATED TO THIS PROGRAM INCLUDE VOLUNTEER APPRECIATION. SOCIAL EVENTS PROGRAM (NEW IN 2023): AT LEAST TWICE A MONTH, ESTEAMED COFFEE HOSTS PUBLIC EVENTS IN CARY FOR ADULTS WITH DISABILITIES. THESE EVENTS INCLUDE GAME NIGHTS, KARAOKE PARTIES, ART CLASSES, AND MORE. THE MAJORITY OF EVENTS ARE GRANT FUNDED, BUT WE CHARGE GUESTS FOR THOSE THAT ARE NOT. EXPENSES RELATED TO THIS PROGRAM INCLUDE PAID TIME FOR CAFE STAFF, ONE DRINK FOR EACH GUEST, AND EQUIPMENT SUCH AS ART SUPPLIES, GAMES, ETC. COFFEE MATES / ESTEAMERS PROGRAM (NEW IN 2023): OUR COFFEE MATES, SOON TO BE REBRANDED ESTEAMERS, PROGRAM IS A NEW PROGRAM THAT STARTED IN 2023. IN THIS PROGRAM, OUR STAFF WITH DISABILITIES CREATE DESIGNS THAT WE FEATURE ON MERCHANDISE IN THE STORE, THE FULL PROCEEDS OF WHICH GO BACK TO THE STAFF TWICE A YEAR IN THE FORM OF BONUSES. THE PURPOSE OF THIS PROGRAM IS TO INCREASE THE ECONOMIC OPPORTUNITY FOR OUR STAFF IN A SUSTAINABLE WAY. EXPENSES RELATED TO THIS PROGRAM INCLUDE THE COST OF GOODS FOR MERCHANDISE AND THE BONUS PAYOUTS TO OUR STAFF.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angie Hudson Board Member | Trustee | 40 | $16,500 |
Tamara Lapsley Board Chair | Officer | 40 | $16,500 |
Jackie Holcolmbe Director | Trustee | 1 | $0 |
John Powell Director | Trustee | 1 | $0 |
Julie Walker Executive Di | Trustee | 40 | $0 |
Kirby Barbour Board Treasu | Officer | 3 | $0 |
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 | $145,752 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $145,752 |
Total Program Service Revenue | $0 |
Investment income | $5,341 |
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 | $149,513 |
Miscellaneous Revenue | $0 |
Total Revenue | $301,387 |
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 | $184,456 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $16,304 |
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 | $0 |
Fees for services: Other | $15,546 |
Advertising and promotion | $1,278 |
Office expenses | $2,761 |
Information technology | $7,130 |
Royalties | $0 |
Occupancy | $28,848 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $40 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,889 |
Insurance | $6,548 |
All other expenses | $36 |
Total functional expenses | $274,521 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $232,135 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $250 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $8,785 |
Prepaid expenses and deferred charges | $8,070 |
Net Land, buildings, and equipment | $139,851 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $3,884 |
Other assets | $2,389 |
Total assets | $395,364 |
Accounts payable and accrued expenses | $953 |
Grants payable | $0 |
Deferred revenue | $39,595 |
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 | $3,177 |
Total liabilities | $43,725 |
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 | $351,639 |
Total liabilities and net assets/fund balances | $395,364 |