Soar Career Solutions
- Assets
- $440.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Duluth, MN
- Founding
- 09/1983
- Data as of
- 06/2023
- EIN
- 41-1449179
Organization Overview
Soar Career Solutions is located in Duluth, MN. The organization was established in 1983. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, under the broad grouping of Employment and related organizations. As of 06/2023, Soar Career Solutions employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soar Career Solutions 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 06/2023, Soar Career Solutions generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 7.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOAR INSPIRES PERSONAL TRANSFORMATION THROUGH CAREER DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOAR HAS OVER 40 YEARS OF EXPERIENCE SUPPORTING LOW-INCOME INDIVIDUALS TO ADDRESS PHYSICAL, EMOTIONAL AND PSYCHOLOGICAL BARRIERS THAT KEEP THEM FROM SECURING AND MAINTAINING SUSTAINABLE EMPLOYMENT. SOAR IMPLEMENTS TWO PROGRAMS. EMPLOYMENT SERVICES ASSISTS CLIENTS 1:1 TO CREATE CAREER & EDUCATIONAL ACTION PLANS, BUILD SOFT SKILLS & JOB SEARCH SKILLS, DEVELOP RESUMES & APPLICATIONS, CONNECT TO JOB TRAININGS IN PARTNERSHIP WITH THE TRADES & POST-SECONDARY INSTITUTIONS, CONNECT TO APPRENTICESHIP OPPORTUNITIES & ASSIST WITH JOB RETENTION. IN FY22-23, SOAR WORKED WITH 469 CLIENTS; 87% OF WHO PARTICIPATED IN WORKSHOPS INCREASED THEIR WORK READINESS KNOWLEDGE; 53% OF CLIENTS WHO ENROLLED IN EDUCATIONAL SERVICES, OBTAINED A DIPLOMA, DEGREE, CREDENTIAL OR CERTIFICATION; AND 69% OF JOB SEEKERS GOT A JOB WITH AN AVERAGE WAGE OF 15.94/HOUR.
RE-ENTRY SERVICES REDUCES RECIDIVISM BY PROVIDING 1:1 CASE MANAGEMENT & SUPPORT SERVICES TO INDIVIDUALS TRANSITIONING OUT OF INCARCERATION. THE THREE-YEAR RECIDIVISM RATE FOR CLIENTS WHO ACCESS THIS PROGRAM IS 31% IN COMPARISON TO THE NATIONAL AVERAGE OF 76.6%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tricia Hobbs President | OfficerTrustee | 1 | $0 |
Laura Krollman Vice Preside | OfficerTrustee | 1 | $0 |
Mary Thompson Bode Treasurer | OfficerTrustee | 1 | $0 |
Jessica Sterle Secretary | Trustee | 1 | $0 |
Carrie Schneider Board Member | Trustee | 0.5 | $0 |
Nate Bronk Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $27,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,008,022 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,222,497 |
| Total Program Service Revenue | $1,905 |
| Investment income | $204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,224,695 |
| 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. | $155,957 |
| Compensation of current officers, directors, key employees. | $86,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $510,588 |
| Pension plan accruals and contributions | $11,345 |
| Other employee benefits | $73,973 |
| Payroll taxes | $48,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,462 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,239 |
| Advertising and promotion | $8,673 |
| Office expenses | $17,798 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,160 |
| Travel | $6,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,070 |
| Insurance | $9,619 |
| All other expenses | $0 |
| Total functional expenses | $1,148,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $217,344 |
| Accounts receivable, net | $0 |
| 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 | $11,138 |
| Net Land, buildings, and equipment | $1,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,392 |
| Total assets | $440,230 |
| Accounts payable and accrued expenses | $73,930 |
| 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 | $7,037 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,392 |
| Total liabilities | $150,359 |
| Net assets without donor restrictions | $193,603 |
| Net assets with donor restrictions | $96,268 |
| 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 | $440,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comunidades Latinas Unidas En Servicio Inc St Paul, MN | $11,780,151 | $16,008,560 |
Hmong American Partnership Saint Paul, MN | $21,961,640 | $14,633,664 |
Missouri Valley Line Constructors Apprenticeship Training Indianola, IA | $27,972,295 | $11,028,890 |
Operation Fresh Start Inc Madison, WI | $6,925,964 | $4,887,055 |
Housing Initiatives Inc Madison, WI | $7,590,005 | $2,494,685 |
Soar Career Solutions Duluth, MN | $440,230 | $1,224,695 |
South Dakota Career Planning And Placement Association Sioux Falls, SD | $239,312 | $0 |
Kayd Foundation Inc Saint Paul, MN | $34,983 | $0 |