L E Phillips Career Development Center Inc
- Assets
- $5.0m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 420
- Location
- Eau Claire, WI
- Founding
- 04/1961
- Data as of
- 12/2021
- 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 12/2021, L E Phillips Career Development Center Inc employed 420 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 12/2021, L E Phillips Career Development Center Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 1.0% 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
2021
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 |
|---|---|---|---|
Gregg Mizerk Executive Director/treasur | Officer | 40 | $157,618 |
Craig Brenholt Chairman | OfficerTrustee | 2 | $0 |
Pete Furrer Secretary | OfficerTrustee | 2 | $0 |
Timothy Fritz Director | Trustee | 2 | $0 |
Jim Hager Vice-Chairperson | Trustee | 2 | $0 |
Jessica Garnder Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,413 |
| Related organizations | $0 |
| Government grants | $825,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $345,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,231,450 |
| Total Program Service Revenue | $1,857,020 |
| Investment income | $68,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,487 |
| Net Income from Fundraising Events | -$17,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $609,674 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,767,495 |
| 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. | $169,833 |
| Compensation of current officers, directors, key employees. | $59,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,235,546 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $302,243 |
| Payroll taxes | $127,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,471 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,244 |
| Office expenses | $53,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $301,995 |
| Travel | $46,551 |
| 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 | $54,777 |
| All other expenses | $25,433 |
| Total functional expenses | $2,937,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $724,364 |
| Savings and temporary cash investments | $492,356 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $699,975 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $269,488 |
| Prepaid expenses and deferred charges | $101,976 |
| Net Land, buildings, and equipment | $1,029,229 |
| Investments—publicly traded securities | $1,711,051 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,028,439 |
| Accounts payable and accrued expenses | $230,199 |
| 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 | $230,199 |
| Net assets without donor restrictions | $4,766,300 |
| Net assets with donor restrictions | $31,940 |
| 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 | $5,028,439 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that L E Phillips Career Development Center Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT CHARITABLE PURPOSE | $10,000 |
Endowment Analysis
| Beg. Balance | $1,605,710 |
| Earnings | $140,413 |
| Net Contributions | $500,000 |
| Other Expense | $42,716 |
| Ending Balance | $2,203,407 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Productive Alternatives Inc Fergus Falls, MN | $14,632,824 | $15,833,343 |
Industries For The Blind And Visually Impaired Inc West Allis, WI | $80,204,002 | $10,367,576 |
Lambs Farm Inc Libertyville, IL | $23,504,581 | $13,032,908 |
Ability Building Center Inc Rochester, MN | $7,763,544 | $10,721,027 |
Orc Industries Inc La Crosse, WI | $242,922,909 | $45,746,672 |
Wesco Industries Denison, IA | $5,356,344 | $10,021,325 |
Svrc Industries Inc Saginaw, MI | $26,910,154 | $10,824,855 |
Skyline Center Inc Clinton, IA | $4,248,547 | $8,832,624 |
Open Door Rehabilitation Center Sandwich, IL | $5,637,180 | $7,297,052 |
Minnesota Diversified Industries Inc Minneapolis, MN | $23,803,978 | $9,002,984 |
North Central Sheltered Workshop Fort Dodge, IA | $2,808,504 | $6,257,790 |
Peoria Production Shop Inc Peoria, IL | $26,236,836 | $5,188,185 |