Knox New Hope Industries Inc
- Assets
- $2.6m
- Revenue
- $1.4m
- Investments
- $445.1k
- Employees
- 70
- Location
- Mount Vernon, OH
- Founding
- 05/1982
- Data as of
- 12/2021
- EIN
- 31-1033917
Organization Overview
Knox New Hope Industries Inc is located in Mount Vernon, OH. The organization was established in 1982. 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, Knox New Hope Industries Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knox New Hope Industries 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, Knox New Hope Industries Inc generated $1.4m 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 (3.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) 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
PROVIDE SERVICES, TRAINING, AND EMPLOYMENT TO PERSONS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADULT DAY SERVICES AND VOCATIONAL HABILITATION TO 42 INDIVIDUALS TO ENABLE THEM TO ENJOY SOCIAL INTERACTION AND ACTIVITIES.
PROVIDE SHELTERED WORKSHOP AND SUPERVISED EMPLOYMENT FOR 62 INDIVIDUALS GIVING THEM THE OPPORTUNITY FOR PRODUCTIVE EMPLOYMENT AND SOME INDEPENDENCE.
PROVIDE TRANSPORTATION TO THE WORKSHOP AND DAY SERVICES PROGRAMS FOR 42 INDIVIDUALS.
HPC SERVICES FOR ADULTS AND CHILDREN (18 INDIVIDUALS) ARE PROVIDED THROUGH THE COUNTY BOARD OF MRDD. ADAPTIVE EQUIPMENT WAS PURCHASED FOR 9 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Wise CEO | Officer | 40 | $74,559 |
Nancy Gregg President | OfficerTrustee | 0.5 | $0 |
John Walchle Board Member | Trustee | 0.5 | $0 |
Nicholas Neuerer Board Member | Trustee | 0.5 | $0 |
Bill Kershner Board Member | Trustee | 0.5 | $0 |
Terri Pribonic Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,642 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,857 |
| Total Program Service Revenue | $1,049,857 |
| Investment income | $14,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,585 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,412,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| Grants and other assistance to domestic individuals. | $20,073 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,928 |
| Compensation of current officers, directors, key employees. | $95,928 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $541,652 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,140 |
| Payroll taxes | $62,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,526 |
| Fees for services: Other | $0 |
| Advertising and promotion | $218 |
| Office expenses | $22,691 |
| Information technology | $22,585 |
| Royalties | $0 |
| Occupancy | $19,208 |
| Travel | $32,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,435 |
| Interest | $25,486 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,470 |
| Insurance | $34,220 |
| All other expenses | $3,234 |
| Total functional expenses | $1,195,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,263 |
| Savings and temporary cash investments | $29,467 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $170,027 |
| 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 | $1,419,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $445,084 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,607,044 |
| Accounts payable and accrued expenses | $46,983 |
| 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 | $516,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $563,423 |
| Net assets without donor restrictions | $2,043,163 |
| Net assets with donor restrictions | $458 |
| 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 | $2,607,044 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Knox New Hope Industries Inc has recieved totaling $71,916.
| Awarding Organization | Amount |
|---|---|
Richard I & Arline J Landers Foundation Mansfield, OH PURPOSE: GENERAL FUND | $25,000 |
Park National Bank Foundation Park National Bank Newark, OH PURPOSE: SUPPORT | $25,000 |
The Ariel Foundation Mount Vernon, OH PURPOSE: NHI NEXT GENERATION | $21,916 |
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 |