Disability Resource Center Inc
- Assets
- $980.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Salem, MA
- Founding
- 12/1987
- Data as of
- 06/2023
- EIN
- 04-2949473
Organization Overview
Disability Resource Center Inc is located in Salem, MA. The organization was established in 1987. 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 06/2023, Disability Resource Center Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Disability Resource Center 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, Disability Resource Center Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 4.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND TEACH FUNDAMENTAL LIFE SKILLS TO DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT LIVING - INDEPENDENT LIVING SKILLS DEVELOPMENT PROVIDES GUIDANCE FOR A PERSON WITH A DISABILITY TO OBTAIN THE ESSENTIAL SKILLS NECESSARY TO FUNCTION IN TODAYS COMPLEX SOCIETY.
OTHER PROGRAMS.
YOUTH SERVICES
VOCATIONAL REHAB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Karaman President | OfficerTrustee | 0.3 | $0 |
Marion Dawicki Vice Preside | OfficerTrustee | 0.3 | $0 |
Posie Mansfield Clerk | OfficerTrustee | 0.3 | $0 |
Roger Kolakowski Treasurer | OfficerTrustee | 0.3 | $0 |
Cynthia Baez Director | Trustee | 0.3 | $0 |
Carol Pallazolla Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50 |
| Fundraising events | $4,975 |
| Related organizations | $0 |
| Government grants | $996,210 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,179,464 |
| Total Program Service Revenue | $0 |
| Investment income | $5,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $802 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,185,754 |
| 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. | $122,484 |
| Compensation of current officers, directors, key employees. | $24,497 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,413 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,566 |
| Payroll taxes | $43,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,372 |
| Fees for services: Other | $96,644 |
| Advertising and promotion | $25,261 |
| Office expenses | $54,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,703 |
| Travel | $0 |
| 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 | $33,836 |
| Insurance | $11,633 |
| All other expenses | $0 |
| Total functional expenses | $1,104,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,588 |
| Savings and temporary cash investments | $300,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $254,328 |
| 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 | $0 |
| Net Land, buildings, and equipment | $31,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,176 |
| Total assets | $980,139 |
| Accounts payable and accrued expenses | $62,316 |
| Grants payable | $0 |
| Deferred revenue | $23,657 |
| 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 | $0 |
| Total liabilities | $85,973 |
| Net assets without donor restrictions | $894,166 |
| 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 | $980,139 |