Prospectus Associates Inc
- Assets
- $19.0m
- Revenue
- $22.6m
- Investments
- $0.0
- Employees
- 334
- Location
- Reading, PA
- Founding
- 03/1983
- Data as of
- 06/2022
- EIN
- 23-2023612
Organization Overview
Prospectus Associates Inc is located in Reading, PA. The organization was established in 1983. 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 06/2022, Prospectus Associates Inc employed 334 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospectus Associates 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 06/2022, Prospectus Associates Inc generated $22.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $17.7m during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INNIVATIVE COMMUNITY PARTICIPATION, COMMUNITY LIVING, EMPLOYMENT OPPORTUNITIES, AND FAMILY SUPPORT SERVICES THAT ENRICH THE LIVES OF PEOPLE WITH DISABILITIES AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES HAS 71 PROGRAM PARTICIPANTS WHO RESIDE IN 23 COMMUNITY HOMES THROUGHOUT BERKS COUNTY. IN A TYPICAL COMMUNITY HOME SETTING, PARTICIPANTS HAVE TWO ROOMMATES ALONG WITH PROFESSIONAL SUPERVISORY STAFF TO ASSIST THEM IN ACTIVITIES OF DAILY LIVING SUCH AS, ATTENDING COMMUNITY ACTIVITIES, DOCTOR APPOINTMENTS, OR WORK. ANOTHER 16 PARTICIPANTS LIVE WITH BERKS COUNTY RESIDENTS IN THEIR HOMES AS PART OF OUR LIFESHARING PROGRAM.
PROSPECTUS BERCO DAY PROGRAMS PROVIDE VOCATIONAL AND ADULT TRAINING SERVICES FOR ADULTS WITH DISABILITIES. VOCATIONAL OFFERS A VARIETY OF EMPLOYMENT OPTIONS INCLUDING ASSESSMENT, TRAINING, AND EMPLOYMENT SUPPORTS TO 50 PROGRAM PARTICIPANTS. SERVICES INCLUDE PACKAGING AND ASSEMBLY OPERATIONS FOR BUSINESS ACROSS THE REGION; SMALL WORK TEAMS TO ASSIST LOCAL BUSINESS WITH STAFFING/PRODUCTION DEMANDS; AND SUPPORTS TO INDIVIDUALS INTERESTED IN SECURING A COMPETITIVE JOB. ADULT TRAINING OFFERS 60 INDIVIDUALS SOCIAL AND RECREATIONAL ACTIVITIES; VOLUNTEER EXPERIENCES; COMMUNICATION AND MOBILITY TRAINING; AND PHYSICAL AND OCCUPATIONAL THERAPIES.
FAMILY SUPPORT SERVICES PROVIDES INDIVIDUALIZED SERVICES TO PEOPLE WITH DISABILITIES AND THEIR FAMILIES. CURRENTLY AUTHORIZED TO PROVIDE HABILITATION SUPPORTS, COMPANIONSHIP SERVICES AND HOST RESPITE TO OVER 19 INDIVIDUALS. SERVICES ARE PROVIDED ON A 1:1 BASIS AND PARTICIPANTS ARE SERVED IN THEIR HOME OR IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Wagner CEO | Officer | 50 | $142,800 |
Deborah Dallago Residential Services Administrator | 40 | $116,200 | |
Kimbrly Alarcon Human Resource Administrator | 41 | $107,527 | |
Andrea Reber Residential Direct Support Professional | 67 | $106,571 | |
Jonathan C Becker Vice President | OfficerTrustee | 1 | $0 |
Susan Kolb Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rich's Automotive Sales & Service Auto Repairs & Service | 6/29/19 | $405,031 |
Dilliplaine Floor Covering Carpetbagger Floor Materials & Install | 6/29/19 | $162,146 |
Bachman Roofing Inc Roof Replacment & Repairs | 6/29/19 | $253,225 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,050 |
| Related organizations | $0 |
| Government grants | $4,886,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,026,318 |
| Total Program Service Revenue | $17,464,544 |
| Investment income | $15,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,978 |
| Net Income from Fundraising Events | $14,121 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,583,253 |
| 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. | $157,355 |
| Compensation of current officers, directors, key employees. | $157,355 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,473,606 |
| Pension plan accruals and contributions | $295,281 |
| Other employee benefits | $2,186,829 |
| Payroll taxes | $762,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,423 |
| Fees for services: Accounting | $81,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,706 |
| Fees for services: Other | $122,765 |
| Advertising and promotion | $0 |
| Office expenses | $160,084 |
| Information technology | $155,434 |
| Royalties | $0 |
| Occupancy | $537,585 |
| Travel | $10,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $104,826 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $556,657 |
| Insurance | $130,447 |
| All other expenses | $61,834 |
| Total functional expenses | $17,650,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,031,569 |
| Savings and temporary cash investments | $508,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,977,253 |
| 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 | $98,322 |
| Net Land, buildings, and equipment | $7,437,863 |
| Investments—publicly traded securities | $652,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $268,252 |
| Total assets | $18,973,994 |
| Accounts payable and accrued expenses | $1,515,732 |
| Grants payable | $0 |
| Deferred revenue | $34,100 |
| 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 | $2,358,669 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $199,677 |
| Total liabilities | $4,108,178 |
| Net assets without donor restrictions | $14,781,010 |
| Net assets with donor restrictions | $84,806 |
| 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 | $18,973,994 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Prospectus Associates Inc has recieved totaling $118,481.
| Awarding Organization | Amount |
|---|---|
The Giorgi Family Foundation Temple, PA PURPOSE: GENERAL DONATION | $116,423 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $308 |
Endowment Analysis
| Beg. Balance | $737,916 |
| Earnings | -$119,479 |
| Admin Expense | $6,706 |
| Net Contributions | $40,642 |
| Ending Balance | $652,373 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Citizen Advocates Inc Malone, NY | $27,154,352 | $47,844,425 |
Jawonio Inc New City, NY | $45,101,853 | $45,626,177 |
Greatcare Inc New York, NY | $4,284,136 | $43,084,551 |
Yedei Chesed Inc Chestnut Ridge, NY | $23,307,240 | $44,946,201 |
Cpc Behavioral Healthcare Inc Eatontown, NJ | $20,102,294 | $37,692,480 |
Liberty Resources Inc Philadelphia, PA | $18,036,201 | $40,722,801 |
A Very Special Place Inc Staten Island, NY | $20,450,868 | $38,210,752 |
Northern Manor Multicare Center Inc Nanuet, NY | $26,846,528 | $39,505,654 |
Eihab Human Services Inc Springfield Gardens, NY | $36,912,229 | $29,739,651 |
Interagency Council Of Developmental Disabilities Agencie New York, NY | $8,521,131 | $28,099,725 |
East End Disability Associates Inc Riverhead, NY | $15,601,220 | $30,474,819 |
Serv Achievement Centers Inc Ewing, NJ | $10,828,045 | $29,305,786 |