A B L E Inc
- Assets
- $10.6m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 169
- Location
- La Crescent, MN
- Founding
- 11/1979
- Data as of
- 12/2022
- EIN
- 41-1346863
Organization Overview
A B L E Inc is located in La Crescent, MN. The organization was established in 1979. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2022, A B L E Inc employed 169 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A B L E 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 12/2022, A B L E Inc generated $6.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESIDENTIAL CARE FOR DEVELOPMENTALLY DISABLED MINNESOTA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED INTERMEDIATE CARE FACILITIES FOR 15 PERSONS SERVED, PROVIDED IN-HOME FAMILY SUPPORT AND SEMI-INDEPENDENT LIVING FOR 26 SUPPORTED PERSONS, AND PROVIDED ADULT CORPORATE FOSTER CARE FOR 50 PERSONS SUPPORTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Kemmer President | OfficerTrustee | 2 | $0 |
Eric Minor Vice President | OfficerTrustee | 2 | $0 |
Heidi Harms Treasurer | OfficerTrustee | 2 | $0 |
Anne Trnka Secretary | OfficerTrustee | 2 | $0 |
Steve Ingvalson Director | Trustee | 2 | $0 |
Marlene Schultz Director | Trustee | 2 | $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 | $57,273 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,273 |
| Total Program Service Revenue | $6,168,170 |
| Investment income | $52,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $544,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $3,674 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,834,763 |
| 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. | $242,732 |
| Compensation of current officers, directors, key employees. | $242,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,074,089 |
| Pension plan accruals and contributions | $153,111 |
| Other employee benefits | $299,846 |
| Payroll taxes | $323,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,875 |
| Fees for services: Other | $153,582 |
| Advertising and promotion | $15,685 |
| Office expenses | $31,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $242,878 |
| Travel | $35,936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,227 |
| Interest | $85,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $307,339 |
| Insurance | $158,087 |
| All other expenses | $579 |
| Total functional expenses | $6,528,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,474 |
| Savings and temporary cash investments | $2,020,180 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $507,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,057 |
| Prepaid expenses and deferred charges | $26,687 |
| Net Land, buildings, and equipment | $5,413,271 |
| Investments—publicly traded securities | $1,930,807 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,589,524 |
| Accounts payable and accrued expenses | $725,464 |
| 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 | $2,136,472 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,861,936 |
| Net assets without donor restrictions | $7,714,037 |
| Net assets with donor restrictions | $13,551 |
| 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 | $10,589,524 |