Mid-Iowa Workshops Inc
- Assets
- $2.7m
- Revenue
- $793.1k
- Investments
- $0.0
- Employees
- 99
- Location
- Marshalltown, IA
- Founding
- 05/1967
- Data as of
- 06/2023
- EIN
- 42-0923880
Organization Overview
Mid-Iowa Workshops Inc is located in Marshalltown, IA. The organization was established in 1967. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2023, Mid-Iowa Workshops Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Iowa Workshops 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 06/2023, Mid-Iowa Workshops Inc generated $793.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $845.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EMPLOYMENT FOR THE DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EMPLOYMENT SERVICES FOR INDIVIDUALS WITH DISABILITIES AND TO HELP THEM ACHIEVE THEIR DESIRED GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Mccune Vice Chair | OfficerTrustee | 0.5 | $0 |
Al Fagerlund Chair | OfficerTrustee | 0.5 | $0 |
Jacey Stewart Secretary | OfficerTrustee | 0.5 | $0 |
Richard Ingledue Treasurer | OfficerTrustee | 0.5 | $0 |
Bill Marquess Director | Trustee | 0.5 | $0 |
Zita Cashin Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $11,497 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,164 |
| Noncash contributions included in lines 1a–1f | $54,857 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,661 |
| Total Program Service Revenue | $487,643 |
| Investment income | $8,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,160 |
| Net Gain/Loss on Asset Sales | $40,756 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $104,921 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $793,059 |
| 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. | $144,952 |
| Compensation of current officers, directors, key employees. | $144,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $291,641 |
| Pension plan accruals and contributions | $24,540 |
| Other employee benefits | $102,034 |
| Payroll taxes | $34,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,733 |
| Information technology | $5,164 |
| Royalties | $0 |
| Occupancy | $60,400 |
| Travel | $6,218 |
| 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 | $91,519 |
| Insurance | $19,281 |
| All other expenses | $5,670 |
| Total functional expenses | $845,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,483,281 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,661 |
| Prepaid expenses and deferred charges | $20,190 |
| Net Land, buildings, and equipment | $1,092,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,734,296 |
| Accounts payable and accrued expenses | $356,976 |
| 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 | $356,976 |
| Net assets without donor restrictions | $2,175,203 |
| Net assets with donor restrictions | $202,117 |
| 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 | $2,734,296 |