Udac Inc
- Assets
- $5.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 27
- Location
- Duluth, MN
- Founding
- 03/1967
- Data as of
- 12/2021
- EIN
- 41-0856115
Organization Overview
Udac Inc is located in Duluth, MN. The organization was established in 1967. 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 12/2021, Udac Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Udac 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, Udac Inc generated $1.1m 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 (14.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.1%) 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
TO PROVIDE CUSTOMIZED SERVICES TO PEOPLE WITH DISABILITIES AND OTHER CHALLENGES BASED ON THEIR CHOICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A VARIETY OF SERVICES ARE PROVIDED TO PEOPLE WITH DISABILITIES AND OTHER CHALLENGES TO ENHANCE THEIR DAILY LIVES. THESE SERVICES INCLUDE A VARIETY OF JOBS WITHIN THE COMMUNITY OF DULUTH, AND THE LEARNING AND ENHANCEMENT OF OTHER SKILLS THAT BUILD CONFIDENCE AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Herman Executive Di | Officer | 40 | $88,000 |
Mike Dosan Jr Past Chair | OfficerTrustee | 2 | $0 |
Joel Kolquist Board Chair | OfficerTrustee | 10 | $0 |
Chris Tracey Treasurer | OfficerTrustee | 2 | $0 |
Jacob Stonesifer Director | Trustee | 2 | $0 |
Jenna Warmuth Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Four Star Construction Construction | 12/30/16 | $150,517 |
Voyageur Bus Company Transportation | 12/30/16 | $372,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $416,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $565,370 |
| Total Program Service Revenue | $363,782 |
| Investment income | $26,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,060,795 |
| 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. | $92,400 |
| Compensation of current officers, directors, key employees. | $72,072 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $451,629 |
| Pension plan accruals and contributions | $12,930 |
| Other employee benefits | $17,882 |
| Payroll taxes | $37,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $135 |
| Fees for services: Accounting | $11,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,426 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,546 |
| Office expenses | $27,863 |
| Information technology | $34,009 |
| Royalties | $0 |
| Occupancy | $72,144 |
| Travel | $11,135 |
| 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 | $210,034 |
| Insurance | $27,597 |
| All other expenses | $0 |
| Total functional expenses | $1,100,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,437 |
| Savings and temporary cash investments | $474,038 |
| Pledges and grants receivable | $95,846 |
| Accounts receivable, net | $30,475 |
| 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 | $36,457 |
| Net Land, buildings, and equipment | $2,835,195 |
| Investments—publicly traded securities | $2,303,334 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,878,782 |
| Accounts payable and accrued expenses | $52,719 |
| Grants payable | $0 |
| Deferred revenue | $146,259 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $348,978 |
| Net assets without donor restrictions | $5,529,804 |
| 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 | $5,878,782 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Udac Inc has recieved totaling $56,287.
| Awarding Organization | Amount |
|---|---|
Duluth Superior Area Community Foundation Inc Duluth, MN PURPOSE: DIFFERENTLY-ABLED COMMUNITY INCLUSION; PROGRAM SUPPORT | $53,705 |
Minnesota Power Foundation Duluth, MN PURPOSE: YEAR END GIFT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Living Services Incorporated Fargo, ND | $19,445,426 | $22,252,466 |
New Hope Village Carroll, IA | $16,084,175 | $19,892,744 |
Touchstone Mental Health Minneapolis, MN | $8,476,042 | $15,823,650 |
Link Associates West Des Moines, IA | $2,870,425 | $15,095,571 |
Hope Haven Area Development Center Corporation Burlington, IA | $12,948,904 | $15,411,343 |
Dakotabilities Sioux Falls, SD | $18,394,244 | $13,416,769 |
Able Incorporated Dickinson, ND | $27,235,184 | $16,593,018 |
Human Service Agency Watertown, SD | $13,335,518 | $13,761,129 |
Childserve Homes Inc Johnston, IA | $5,469,975 | $12,698,370 |
Harry Meyering Center Inc Mankato, MN | $16,984,389 | $13,887,257 |
Lifequest Mitchell, SD | $5,936,493 | $14,949,946 |
Opportunity Foundation Inc Williston, ND | $8,430,927 | $12,852,089 |