Monadnock Worksource Inc
- Assets
- $1.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 55
- Location
- Peterborough, NH
- Founding
- 10/1972
- Data as of
- 06/2021
- EIN
- 23-7229461
Organization Overview
Monadnock Worksource Inc is located in Peterborough, NH. The organization was established in 1972. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Monadnock Worksource Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monadnock Worksource 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 06/2021, Monadnock Worksource Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 7.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GENERAL WELFARE OF PEOPLE WITH DEVELOPMENTAL OR OTHER DISABILITIES. TO BUILD A COMMUNITY PARTNERSHIP BETWEEN DISABLED AND NON-DISABLED INDIVIDUALS; TO PROMOTE OPPORTUNITIES FOR PRODUCTIVE AND MEANINGFUL LIFE EXPERIENCES; TO FOSTER PERSONAL GROWTH AND ENCOURAGE INDIVIDUAL EXPRESSION AND RESPECT FOR EACH OTHER'S DIFFERENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PARTICIPATION SERVICES INCLUDING TRAINING IN LIFE SKILLS, VOCATIONAL SKILLS, PERSONAL CHOICE, ADVOCACY, AND ACHIEVING AND MAINTAINING VALUED SOCIAL ROLES IN THE LOCAL COMMUNITY.
COMMUNITY SUPPORT SERVICES INCLUDING TRAINING IN LIFE SKILLS, TRANSPORTATION, AND COMMUNITY INTEGRATION IN ORDER TO DEVELOP THE SKILLS REQUIRED TO LIVE INDEPENDENTLY IN THE COMMUNITY.
RESIDENTIAL HABILITATION INCLUDING TRAINING IN COMMUNITY LIVING SKILLS, ACTIVITIES OF DAILY LIVING AND PERSONAL CARE, SOCIAL AND LEISURE SKILL DEVELOPMENT, AND ADAPTIVE SKILL DEVELOPMENT TO ASSIST IN RESIDING IN THE MOST INDEPENDENT SETTING APPROPRIATE TO INDIVIDUAL NEEDS.
OTHER EXEMPT SERVICES REVENUE NOT SPECIFICALLY ALLOCATED TO THE THREE LARGEST PROGRAMS.
COMMUNITY PARTICIPATION SERVICES INCLUDING TRAINING IN LIFE SKILLS, VOCATIONAL SKILLS, PERSONAL CHOICE, ADVOCACY, AND ACHIEVING AND MAINTAINING VALUED SOCIAL ROLES IN THE LOCAL COMMUNITY.
COMMUNITY SUPPORT SERVICES INCLUDING TRAINING IN LIFE SKILLS, TRANSPORTATION, AND COMMUNITY INTEGRATION IN ORDER TO DEVELOP THE SKILLS REQUIRED TO LIVE INDEPENDENTLY IN THE COMMUNITY.
RESIDENTIAL HABILITATION INCLUDING TRAINING IN COMMUNITY LIVING SKILLS, ACTIVITIES OF DAILY LIVING AND PERSONAL CARE, SOCIAL AND LEISURE SKILL DEVELOPMENT, AND ADAPTIVE SKILL DEVELOPMENT TO ASSIST IN RESIDING IN THE MOST INDEPENDENT SETTING APPROPRIATE TO INDIVIDUAL NEEDS.
OTHER EXEMPT SERVICES REVENUE NOT SPECIFICALLY ALLOCATED TO THE THREE LARGEST PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janis King Executive Director | Officer | 40 | $77,366 |
James Callahan Chairperson | OfficerTrustee | 1 | $0 |
Mark Lombardi Vice Chairperson | OfficerTrustee | 1 | $0 |
Michelle Marshall Treasurer | OfficerTrustee | 1 | $0 |
Amy Clason-Gilmet Sercretary | OfficerTrustee | 1 | $0 |
John Nieskens Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,676 |
| Total Program Service Revenue | $2,071,798 |
| Investment income | $12,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,775 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,309,886 |
| 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. | $70,921 |
| Compensation of current officers, directors, key employees. | $68,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $840,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $140,234 |
| Payroll taxes | $76,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $107 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,887 |
| Fees for services: Other | $16,840 |
| Advertising and promotion | $3,846 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,970 |
| Travel | $68,992 |
| 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 | $19,271 |
| Insurance | $22,952 |
| All other expenses | $28,166 |
| Total functional expenses | $2,286,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,600 |
| Savings and temporary cash investments | $48,623 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,735 |
| 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 | $2,148 |
| Net Land, buildings, and equipment | $33,580 |
| Investments—publicly traded securities | $695,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $386,200 |
| Total assets | $1,481,724 |
| Accounts payable and accrued expenses | $52,950 |
| 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 | $52,950 |
| Net assets without donor restrictions | $1,046,741 |
| Net assets with donor restrictions | $382,033 |
| 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 | $1,481,724 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Monadnock Worksource Inc has recieved totaling $28,720.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For designated distributions | $28,161 |
Grimshaw Gudewicz Charitable Foundation Fall River, MA PURPOSE: OPERATING | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Endowment Analysis
| Beg. Balance | $296,080 |
| Earnings | $99,409 |
| Other Expense | $13,456 |
| Ending Balance | $382,033 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Shore Support Services Inc Weymouth, MA | $2,878,959 | $17,706,112 |
Communitas Inc Wakefield, MA | $10,107,493 | $17,984,942 |
The Arc Of Opportunity In North Central Massachusetts Inc Fitchburg, MA | $18,467,193 | $18,583,549 |
Community Connections Inc South Yarmouth, MA | $11,598,404 | $18,444,475 |
New England Villages Inc Pembroke, MA | $44,008,245 | $13,385,395 |
Seven Hills Foundation Inc Worcester, MA | $186,253,865 | $23,046,557 |
The Arc Of Bristol County Inc Attleboro, MA | $11,407,208 | $18,035,787 |
Walnut Street Center Inc Medford, MA | $3,885,616 | $16,629,090 |
Port Resources South Portland, ME | $6,988,645 | $14,195,807 |
The Minute Man Arc For Human Services Inc Concord, MA | $12,561,160 | $14,153,395 |
The Arc Of The South Shore Inc Hingham, MA | $10,392,289 | $14,256,760 |
Support Solutions Inc Auburn, ME | $4,627,175 | $13,680,962 |