Employment Horizons Inc
- Assets
- $9.2m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 306
- Location
- Cedar Knolls, NJ
- Founding
- 06/1968
- Data as of
- 12/2021
- EIN
- 22-1612741
Organization Overview
Employment Horizons Inc is located in Cedar Knolls, NJ. The organization was established in 1968. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Employment Horizons Inc employed 306 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employment Horizons 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 12/2021, Employment Horizons Inc generated $9.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF EMPLOYMENT HORIZONS, INC. IS TO ASSIST PEOPLE WITH BARRIERS TO EMPLOYMENT TO ACHIEVE THEIR INDIVIDUAL VOCATIONAL OBJECTIVES AND TO ESTABLISH SELF-SUFFICIENCY IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMERCIAL SERVICES - JANITORIAL AND GROUNDS KEEPING SERVICES OFFERED COMMERCIALLY WITH THE MAJORITY OF WORK PERFORMED BY CLIENTS WITH DISABILITIES AND OTHER DISADVANTAGES.
EXTENDED EMPLOYMENT - PAID AGENCY-BASED EMPLOYMENT AND TRAINING FOR CLIENTS WITH DISABILITIES FUNDED BY A STATE OF NEW JERSEY GRANT.
CAREER DEVELOPMENT - PAID WORK READINESS TRAINING, VOCATIONAL COUNSELING, AND VOCATIONAL EVALUATION FOR CLIENTS WITH DISABILITIES FOR THE PURPOSE OF DEVELOPING WORK SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Putts Chief Executive Officer | Officer | 39 | $148,103 |
Lisa Montalbano Chief Operating Officer | Officer | 39 | $90,887 |
Paul Dolce Secretary | OfficerTrustee | 4 | $0 |
Allen Lane Treasurer | OfficerTrustee | 4 | $0 |
Arla Cahill Vice President | OfficerTrustee | 4 | $0 |
John J Cox President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $156,099 |
| Related organizations | $0 |
| Government grants | $2,817,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,682 |
| Noncash contributions included in lines 1a–1f | $57,895 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,281,452 |
| Total Program Service Revenue | $5,526,485 |
| Investment income | $67,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $293,559 |
| Net Income from Fundraising Events | $15,688 |
| Net Income from Gaming Activities | $2,922 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,232,944 |
| 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. | $268,274 |
| Compensation of current officers, directors, key employees. | $34,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,703,207 |
| Pension plan accruals and contributions | $61,469 |
| Other employee benefits | $1,092,537 |
| Payroll taxes | $476,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,598 |
| Fees for services: Other | $186,585 |
| Advertising and promotion | $85 |
| Office expenses | $148,030 |
| Information technology | $49,214 |
| Royalties | $0 |
| Occupancy | $161,429 |
| Travel | $180,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,534 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225,530 |
| Insurance | $23,541 |
| All other expenses | $8,009 |
| Total functional expenses | $8,259,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,157 |
| Savings and temporary cash investments | $2,294,828 |
| Pledges and grants receivable | $25,385 |
| Accounts receivable, net | $888,663 |
| 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 | $64,666 |
| Net Land, buildings, and equipment | $1,832,064 |
| Investments—publicly traded securities | $3,678,007 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,191,770 |
| Accounts payable and accrued expenses | $263,277 |
| 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 | $0 |
| Total liabilities | $263,277 |
| Net assets without donor restrictions | $8,868,449 |
| Net assets with donor restrictions | $60,044 |
| 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 | $9,191,770 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Employment Horizons Inc has recieved totaling $69,393.
| Awarding Organization | Amount |
|---|---|
F M Kirby Foundation Inc Morristown, NJ PURPOSE: IN SUPPORT OF 501C3 PURPOSE | $55,000 |
Sandy Hill Foundation Morristown, NJ PURPOSE: GENERAL FUND | $10,000 |
Sodhani Foundation Inc Somerset, NJ PURPOSE: CHARITABLE | $1,700 |
Steven And Beverly Rubenstein Charitable Foundation Inc West Palm Beach, FL PURPOSE: DONATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $543 |
The Lipari Family Foundation Inc Clifton, NJ PURPOSE: GENERAL | $500 |
Endowment Analysis
| Beg. Balance | $51,413 |
| Earnings | $42,512 |
| Ending Balance | $93,925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifestyles For The Disabled Inc Staten Island, NY | $5,937,706 | $11,027,240 |
Buffalo And Erie County Workforce Development Consortium Inc Buffalo, NY | $1,944,049 | $11,546,333 |
Impact Services Corp Philadelphia, PA | $10,268,783 | $12,440,470 |
Academy Of Management Inc Briarcliff Manor, NY | $56,747,597 | $15,919,073 |
Superior Direct Care Inc New York, NY | $54,824 | $8,386,212 |
Employment Horizons Inc Cedar Knolls, NJ | $9,191,770 | $9,232,944 |
Strive International Inc New York, NY | $4,296,025 | $8,546,656 |
Central Pennsylvania Workforce Development Corporation Lewisburg, PA | $2,063,323 | $7,980,390 |
Rochesterworks Inc Rochester, NY | $1,383,662 | $7,657,642 |
Washington Greene County Job Training Agency Inc Washington, PA | $1,089,406 | $7,552,345 |
Lancaster County Workforce Investment Board Lancaster, PA | $4,353,738 | $7,078,315 |
Central Susquehanna Opportunities Inc Shamokin, PA | $2,005,691 | $6,265,439 |