First Resources Corp
- Assets
- $9.3m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 398
- Location
- Sigourney, IA
- Founding
- 03/1988
- Data as of
- 06/2022
- EIN
- 42-1279294
Organization Overview
First Resources Corp is located in Sigourney, IA. The organization was established in 1988. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, First Resources Corp employed 398 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Resources Corp 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 06/2022, First Resources Corp generated $15.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $14.8m during the year ending 06/2022. While expenses have increased by 6.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMMUNITY BASED REHABILITATIVE TREATMENT SERVICES TO CHILDREN, FAMILIES AND PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISABILITY SERVICES - SERVICES IN THIS AREA INCLUDE HOME AND COMMUNITY BASE SERVICE WAIVER, COMMUNITY SUPERVISED APARTMENT LIVING ARRANGEMENT CHILDREN AT HOME AND IN HOME HEALTH CARE
MENTAL HEALTH SERVICES- COMMUNITY BASED MENTAL HEALTH SERVICES TO INDIVIDUALS DIAGNOSED WITH CHRONIC MENTAL ILLNESS
VOCATIONAL SERVICES - VOCATIONAL EMPLOYMENT TRAINING AND SUPPORTED EMPLOYMENT SERVICES WITHIN A COMMUNITY BASED SETTING ARE PROVIDED TO PEOPLE WITH DISABILITIES. SUBSTANCE ABUSE SERVICES - PROVIDES TREATMENT INCLUDING SUBSTANCE ABUSE EVALUATIONS, ADULT AND YOUTH INTENSIVE OUTPATIENT TREATMENT, EXTENDED OUTPATIENT, CONTINUING CARE, MENTAL HEALTH THERAPIST, ONSITE CHILDCARE FOR PARTICIPANTS, AND DRUG TESTING. THERAPY SERVICES - PROVIDES THERAPY PROGRAMS THAT ARE DESINGED TO ENHANCE TRADITIONAL COUNSELING EXPERIENCES SUCH AS PLAY THERAPY AND ART THERAPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Moreland Chairperson | OfficerTrustee | $0 | |
Susan Woodford Executive Di | OfficerTrustee | $0 | |
Heidi Altfillisch Secretary | OfficerTrustee | $0 | |
Deb Pumphrey Vice Chairpe | Officer | $0 | |
Kevin Carr Director | Trustee | $0 | |
John Webber Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,941,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,019,682 |
| Total Program Service Revenue | $12,325,303 |
| Investment income | $29,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $346,162 |
| Net Gain/Loss on Asset Sales | $90,705 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,811,214 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,989,587 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $747,738 |
| Payroll taxes | $982,659 |
| 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 | $0 |
| Fees for services: Other | $308,251 |
| Advertising and promotion | $0 |
| Office expenses | $354,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $827,670 |
| Travel | $286,965 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,632 |
| Interest | $87,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $390,008 |
| Insurance | $426,059 |
| All other expenses | $0 |
| Total functional expenses | $14,793,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,994,426 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,841,841 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $599 |
| Prepaid expenses and deferred charges | $346,736 |
| Net Land, buildings, and equipment | $4,157,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,340,910 |
| Accounts payable and accrued expenses | $766,101 |
| Grants payable | $0 |
| Deferred revenue | $814,537 |
| 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 | $1,462,602 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $452,965 |
| Total liabilities | $3,496,205 |
| Net assets without donor restrictions | $5,844,705 |
| 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 | $9,340,910 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that First Resources Corp has recieved totaling $198,919.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $165,514 |
Ottumwa Regional Legacy Foundation Inc Ottumwa, IA PURPOSE: GATEWAY DRIVE ROOF PROJECT | $18,238 |
Ottumwa Regional Legacy Foundation Inc Ottumwa, IA PURPOSE: NONPROFIT PANDEMIC SUPPORT FUND | $10,000 |
Knights Of Columbus Ottumwa, IA | | $5,167 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black Hills Works Inc Rapid City, SD | $22,578,935 | $31,445,606 |
Challenge Unlimited Inc Alton, IL | $19,551,518 | $27,029,176 |
Outlook-Nebraska Inc Omaha, NE | $23,943,188 | $22,481,784 |
Epic Peoria, IL | $12,938,374 | $20,980,141 |
New Star Inc Chicago Heights, IL | $17,179,353 | $15,946,241 |
First Resources Corp Sigourney, IA | $9,340,910 | $15,811,214 |
Cedar Valley Services Inc Austin, MN | $19,653,627 | $16,645,958 |
Christian Opportunity Center Pella, IA | $13,962,431 | $13,502,776 |
Huron Area Center For Independence Huron, SD | $13,427,991 | $15,192,103 |
Progress Industries Newton, IA | $5,056,933 | $12,560,187 |
Opportunities Inc Of Jefferson County Fort Atkinson, WI | $79,445,205 | $15,358,946 |
Proact Inc Eagan, MN | $22,369,538 | $14,695,525 |