Benco
- Assets
- $5.8m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 152
- Location
- Corvallis, OR
- Founding
- 10/1997
- Data as of
- 06/2024
- EIN
- 93-1184647
Organization Overview
Benco is located in Corvallis, OR. The organization was established in 1997. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2024, Benco employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benco 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 06/2024, Benco generated $7.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $7.8m during the year ending 06/2024. While expenses have increased by 6.8% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESIDENTIAL SERVICES IN BENTON COUNTY, OREGON, FOR PEOPLE WHO HAVE INTELLECTUAL DISABILITIES OR HAVE OTHER DEVELOPMENTAL DISABILITIES. THE ORGANIZATION HAS TWO DISTINCT PROGRAMS: GROUP HOMES AND SUPPORTED LIVING. THESE PROGRAMS PROVIDE SUPPORT AND ASSISTANCE IN ACCESSING GOVERNMENTAL PROGRAMS FOR INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENCO PROVIDES HOUSING, FOOD, AND LIVING SKILLS TRAINING FOR APPROXIMATELY 40-60 ADULTS WITH INTELLECTUAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Frazzini Executive Di | Officer | 40 | $126,733 |
Diana Albright Treasurer | OfficerTrustee | 1 | $0 |
Diana Bardon Director | Trustee | 1 | $0 |
Julie Hanson President | OfficerTrustee | 1 | $0 |
Lindsay Myers Director | Trustee | 1 | $0 |
Christie Nyquist Director | Trustee | 1 | $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 | $2,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,800 |
| Total Program Service Revenue | $7,410,501 |
| Investment income | $430 |
| 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 | $7,422,741 |
| 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. | $126,733 |
| Compensation of current officers, directors, key employees. | $18,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,829,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $545,903 |
| Payroll taxes | $535,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,485 |
| Advertising and promotion | $3,694 |
| Office expenses | $73,623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $263,430 |
| Travel | $170 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,652 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,160 |
| Insurance | $37,395 |
| All other expenses | $33,372 |
| Total functional expenses | $7,808,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,708 |
| Savings and temporary cash investments | $326,616 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $448,475 |
| 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 | $19,755 |
| Net Land, buildings, and equipment | $4,829,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,760 |
| Total assets | $5,781,502 |
| Accounts payable and accrued expenses | $481,387 |
| 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 | $516,382 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $105,760 |
| Total liabilities | $1,103,529 |
| Net assets without donor restrictions | $4,677,973 |
| 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 | $5,781,502 |