Comcor Inc
- Assets
- $10.0m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 142
- Location
- Colorado Springs, CO
- Founding
- 01/1985
- Data as of
- 12/2023
- EIN
- 84-0928251
Organization Overview
Comcor Inc is located in Colorado Springs, CO. The organization was established in 1985. According to its NTEE Classification (I30) the organization is classified as: Correctional Facilities, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Comcor Inc employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Comcor 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, Comcor Inc generated $8.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $7.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMCOR, INC. IS COMMITTED TO EXCELLENCE IN THE TREATMENT OF OFFENDERS, IN A SAFE ENVIRONMENT THAT ENCOURAGES CHANGE. WE ARE A NONPROFIT AGENCY THAT EMBODIES THE ORIGINAL IDEA OF THE HALFWAY HOUSE WITH MANY ADDITIONS: COMMUNITY PROTECTION, CLIENT ACCOUNTABILITY, AND THE OPPORTUNITY TO WORK AND CONTRIBUTE TO SOCIETY WHILE MEETING A SENTENCE IN THE CRIMINAL JUSTICE SYSTEM. WE BELIEVE PEOPLE CAN CHANGE. COMCOR, INC. PROVIDES OPPORTUNITIES FOR CLIENT SUCCESS IN OUR COMMUNITY.
Describe the Organization's Program Activity:
RESIDENTIAL AND NON-RESIDENTIAL CORRECTIONAL PROGRAMS THAT PROVIDE ROOM, BOARD, EMPLOYMENT ASSISTANCE, THERAPY AND COUNSELING TO ADULT FELONY OFFENDERS AND ADULT WORK RELEASE OFFENDERS REFERRED CONTRACTUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Wester Executive Dir. | OfficerTrustee | 40 | $184,000 |
Barbara J Winter Secretary | Trustee | 0 | $0 |
Russel Ford Member | Trustee | 0 | $0 |
Fletcher Howard Member | Trustee | 0 | $0 |
Mary Carnell Member | Trustee | 1 | $0 |
Shannon Chase Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ability Technologies It Technologies | 12/30/23 | $0 |
Bryan Cave Leighton Paisner Llp Legal | 12/30/23 | $0 |
Cordant Health Solutions Health Service | 12/30/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $304,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,000 |
| Total Program Service Revenue | $8,124,001 |
| Investment income | $7,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,769 |
| 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 | $8,441,140 |
| 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. | $212,476 |
| Compensation of current officers, directors, key employees. | $55,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,876,168 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $212,756 |
| Advertising and promotion | $14,071 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $257,700 |
| Travel | $2,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $193,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $476,057 |
| Insurance | $386,290 |
| All other expenses | $483,562 |
| Total functional expenses | $7,483,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,722 |
| Savings and temporary cash investments | $2,510,083 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $467,203 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,783 |
| Prepaid expenses and deferred charges | $114,982 |
| Net Land, buildings, and equipment | $5,910,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $45,168 |
| Other assets | $491,872 |
| Total assets | $10,006,633 |
| Accounts payable and accrued expenses | $97,439 |
| 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 | $3,879,007 |
| Total liabilities | $3,976,446 |
| Net assets without donor restrictions | $6,030,187 |
| 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 | $10,006,633 |