L E Phillips Career Development Center Inc
- Assets
- $5.6m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 348
- Location
- Eau Claire, WI
- Founding
- 04/1961
- Data as of
- 12/2023
- EIN
- 39-0971649
Organization Overview
L E Phillips Career Development Center Inc is located in Eau Claire, WI. The organization was established in 1961. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2023, L E Phillips Career Development Center Inc employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L E Phillips Career Development Center 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 12/2023, L E Phillips Career Development Center Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TRAIN AND EMPLOY DISABLED OR DISADVANTAGED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAMS INCLUDE EVALUATING, TRAINING, AND EMPLOYING THE DISABLED AND DISADVANTAGED INDIVIDUAL ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deirdre Tumm Chairperson | OfficerTrustee | 2 | $0 |
Michael Kelash Vice-Chairperson | OfficerTrustee | 2 | $0 |
Pete Furrer Secretary | OfficerTrustee | 2 | $0 |
Craig Brenholt Director | Trustee | 2 | $0 |
Jessica Garnder Director | Trustee | 2 | $0 |
Jim Hager Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $22,500 |
| Membership dues | $0 |
| Fundraising events | $63,727 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $723,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $809,506 |
| Total Program Service Revenue | $2,290,130 |
| Investment income | $76,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,505 |
| Net Income from Fundraising Events | -$7,752 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $684,246 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,869,288 |
| 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. | $187,939 |
| Compensation of current officers, directors, key employees. | $46,985 |
| Compensation to disqualified persons | $1,515,263 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $309,921 |
| Payroll taxes | $151,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,136 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,460 |
| Office expenses | $51,677 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $343,586 |
| Travel | $64,985 |
| 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 | $0 |
| Insurance | $71,519 |
| All other expenses | $43,035 |
| Total functional expenses | $3,482,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,025,862 |
| Savings and temporary cash investments | $500,116 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $586,745 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $135,322 |
| Prepaid expenses and deferred charges | $72,641 |
| Net Land, buildings, and equipment | $1,277,420 |
| Investments—publicly traded securities | $1,960,174 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,233 |
| Total assets | $5,583,513 |
| Accounts payable and accrued expenses | $282,206 |
| 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 | $26,430 |
| Total liabilities | $308,636 |
| Net assets without donor restrictions | $5,211,675 |
| Net assets with donor restrictions | $63,202 |
| 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 | $5,583,513 |