Able Industries Inc
- Assets
- $7.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 174
- Location
- Visalia, CA
- Founding
- 08/1964
- Data as of
- 06/2023
- EIN
- 94-6086713
Organization Overview
Able Industries Inc is located in Visalia, CA. The organization was established in 1964. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2023, Able Industries Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Able Industries 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 06/2023, Able Industries Inc generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $4.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. 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
TRAINING AND PLACEMENT OF THE DEVELOPMENTALLY DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATIONAL EMPLOYMENT SERVICES (OES) - THE PURPOSE OF OES (WORK CENTER) IS TO PERMIT EACH TRAINEE THE OPPORTUNITY TO ACQUIRE, DEVELOP, AND REFINE WORK SKILLS AND ATTITUDES IMPORTANT TO INDIVIDUAL VOCATIONAL SUCCESS. WORK TRAINING PROVIDES THE "CURRICULUM" WHICH ENABLES TRAINEES TO ACQUIRE SKILLS CRITICAL TO VOCATIONAL GROWTH AND INDEPENDENCE. TRAINING CAN INCLUDE, BUT IS NOT LIMITED TO, IMPROVED STAMINA, INCREASED PRODUCTIVITY, WORKPLACE MATURITIES, SAFE WORK PRACTICES, IMPROVED FINE AND GROSS MOTOR SKILLS, INTERPERSONAL SKILL DEVELOPMENT, QUALITY CONTROL, JOB ACCOMMODATION STRATEGIES, COMMUNITY WORK ENVIRONMENTS.
REHABILITATION - PROVIDE CLASSES IN WORK SKILLS AND PERSONAL DEVELOPMENT TO DEVELOPMENTALLY DISABLED ADULTS.
OFFSITE-LANDSCAPE MAINTENANCE SERVICES FOR COMMERCIAL BUSINESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Stump Executive Dir. | Trustee | 40 | $114,211 |
Sally Villanueva Member | Trustee | 1 | $0 |
Jennifer Smith Secretary | OfficerTrustee | 1 | $0 |
Jacob Daniel Treasurer | OfficerTrustee | 1 | $0 |
David Coombs President | OfficerTrustee | 1 | $0 |
Dru Quesnoy Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,341 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,363 |
| Total Program Service Revenue | $1,995,716 |
| Investment income | $2,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $467,148 |
| Net Income from Fundraising Events | $13,417 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,247,282 |
| 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. | $114,211 |
| Compensation of current officers, directors, key employees. | $41,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,367,871 |
| Pension plan accruals and contributions | $41,321 |
| Other employee benefits | $433,162 |
| Payroll taxes | $224,230 |
| 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 | $0 |
| Advertising and promotion | $68,153 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,823 |
| Travel | $4,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,102 |
| Insurance | $78,988 |
| All other expenses | $136,562 |
| Total functional expenses | $4,170,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,712 |
| Savings and temporary cash investments | $1,175,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $622,378 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $155,862 |
| Prepaid expenses and deferred charges | $27,085 |
| Net Land, buildings, and equipment | $5,008,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,019,759 |
| Accounts payable and accrued expenses | $20,720 |
| 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 | $2,800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $210,439 |
| Total liabilities | $3,031,159 |
| Net assets without donor restrictions | $3,988,600 |
| 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 | $7,019,759 |