First Capital Enterprises Inc
- Assets
- $2.8m
- Revenue
- $1.7m
- Investments
- $1.7m
- Employees
- 52
- Location
- Chillicothe, OH
- Founding
- 07/1973
- Data as of
- 12/2021
- EIN
- 31-0825629
Organization Overview
First Capital Enterprises Inc is located in Chillicothe, OH. The organization was established in 1973. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2021, First Capital Enterprises Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Capital Enterprises 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, First Capital Enterprises Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) 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
VOCATIONAL TRAINING & SHELTERED EMPLOYMENT FOR DEVELOPMENTALLY DISABLED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS CONSIST OF VOCATIONAL TRAINING AND SHELTERED EMPLOYMENT FOR DEVELOPMENTALLY DISABLED ADULTS. VARIOUS SELF-HELP TRAINING IS OFFERED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Leone Secretary | Officer | 2 | $0 |
Janet Wallace Vice Chair | Officer | 2 | $0 |
Marcia Clark Chair | Officer | 2 | $0 |
Dave Barney Treasurer | Officer | 2 | $0 |
Alex Smith Director | Trustee | 1 | $0 |
Doug Littick 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 | $6,589 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,589 |
| Total Program Service Revenue | $1,310,803 |
| Investment income | $30,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$195,016 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,717,950 |
| 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. | $73,990 |
| Compensation of current officers, directors, key employees. | $73,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $918,375 |
| Pension plan accruals and contributions | $11,297 |
| Other employee benefits | $57,466 |
| Payroll taxes | $95,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,673 |
| Advertising and promotion | $1,671 |
| Office expenses | $0 |
| Information technology | $38,651 |
| Royalties | $0 |
| Occupancy | $50,937 |
| Travel | $6,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,291 |
| Insurance | $57,315 |
| All other expenses | $32,090 |
| Total functional expenses | $1,843,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,973 |
| Savings and temporary cash investments | $439,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,226 |
| 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 | $27,898 |
| Net Land, buildings, and equipment | $544,198 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,672,816 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,820,131 |
| Accounts payable and accrued expenses | $55,242 |
| 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 | $229,696 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $182,315 |
| Total liabilities | $467,253 |
| Net assets without donor restrictions | $2,352,878 |
| 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 | $2,820,131 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that First Capital Enterprises Inc has recieved totaling $13,052.
| Awarding Organization | Amount |
|---|---|
Community Fund Management Foundation Middleburg Heights, OH PURPOSE: COVID EMERGENCY GRANT CHECK - NON-TECHNOLOGY | $13,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opportunity Enterprises Inc Valparaiso, IN | $17,973,324 | $20,835,387 |
Cambria County Association For The Blind & Handicapped Inc Johnstown, PA | $104,936,762 | $37,191,994 |
Svrc Industries Inc Saginaw, MI | $26,910,154 | $10,824,855 |
Saw Inc Maple Heights, OH | $6,395,410 | $10,960,526 |
Richland Newhope Industries Inc Mansfield, OH | $8,935,690 | $8,394,692 |
Weaver Industries Inc Akron, OH | $6,119,573 | $9,368,029 |
Tac Industries Inc Springfield, OH | $17,661,661 | $9,778,253 |
Bi-County Services Inc Bluffton, IN | $7,324,940 | $7,807,647 |
Workshops Inc Canton, OH | $5,457,390 | $7,999,125 |
Alpha Group Of Delaware Inc Delaware, OH | $7,565,752 | $7,411,638 |
Lark Enterprises Inc New Castle, PA | $2,089,154 | $5,664,485 |
Jackson County Developmental Center Inc Millwood, WV | $3,126,310 | $5,044,000 |