Career Resources Corp
- Assets
- $5.7m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 252
- Location
- Haverhill, MA
- Founding
- 02/1976
- Data as of
- 06/2018
- EIN
- 04-2531865
Organization Overview
Career Resources Corp is located in Haverhill, MA. The organization was established in 1976. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2018, Career Resources Corp employed 252 individuals. Career Resources Corp 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 06/2018, Career Resources Corp generated $9.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $9.1m during the year ending 06/2018. While expenses have increased by 3.7% per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYMENT TRAINING & HOUSING TO EMPOWER PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO BE AS SELF-SUFFICIENT, SELF-DETERMINING, AND SUCCESSFUL AS POSSIBLE. INDIVIDUALS ARE SUPPORTED IN THEIR OWN JOBS AND HOMES AND INTEGRATED INTO COMMUNITY LIFE, RECOGNIZING THAT THEY ARE UNIQUE,
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT TRAINING FOR THE DEVELOPMENTALLY DISABLED ADULTS.
HOUSING AND SUPPORT SERVICES FOR THE DEVELOPMENTALLY DISABLED ADULTS.
DAY HABILITATION SERVICES FOR DEVELOPMENTALLY DISABLED ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Callahan Director | Trustee | 1 | $0 |
Stuart Davis Director | Trustee | 1 | $0 |
Robin Mckeon Director | Trustee | 1 | $0 |
Glen Rogers Director | Trustee | 1 | $0 |
Thomas Sullivan Director | Trustee | 1 | $0 |
Justin Basius Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,037 |
| Membership dues | $0 |
| Fundraising events | $2,090 |
| Related organizations | $0 |
| Government grants | $7,425,053 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,539,354 |
| Total Program Service Revenue | $1,679,189 |
| Investment income | $2,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,843 |
| Net Income from Fundraising Events | $53,489 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,302,996 |
| 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. | $265,186 |
| Compensation of current officers, directors, key employees. | $265,186 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,021,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $384,372 |
| Payroll taxes | $510,672 |
| Fees for services: Management | $21,194 |
| Fees for services: Legal | $23,522 |
| Fees for services: Accounting | $20,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,892 |
| Advertising and promotion | $0 |
| Office expenses | $51,598 |
| Information technology | $89,425 |
| Royalties | $0 |
| Occupancy | $670,950 |
| Travel | $88,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,434 |
| Insurance | $78,898 |
| All other expenses | $264,561 |
| Total functional expenses | $9,071,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,416,324 |
| Savings and temporary cash investments | $618,245 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $920,699 |
| 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 | $289,503 |
| Net Land, buildings, and equipment | $2,432,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,677,312 |
| Accounts payable and accrued expenses | $568,331 |
| 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 | $1,782,772 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,351,103 |
| Unrestricted restricted net Assets | $3,326,209 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $3,326,209 |