Wesco Industries
- Assets
- $5.4m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 209
- Location
- Denison, IA
- Founding
- 12/1966
- Data as of
- 06/2022
- EIN
- 42-6098004
Organization Overview
Wesco Industries is located in Denison, IA. The organization was established in 1966. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Wesco Industries employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesco Industries 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, Wesco Industries generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $8.7m during the year ending 06/2022. While expenses have increased by 7.3% 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
SERVE PERSONS WITH MENTAL AND PHYSICAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL-SITE 1 $ 274,104 RESIDENTIAL-SITE 2 283,143 RESIDENTIAL-SITE 3 269,572 RESIDENTIAL-SITE 4 290,155 RESIDENTIAL-SITE 5 297,423 RESIDENTIAL-SITE 6 275,019 RESIDENTIAL-SITE 7 255,467 RESIDENTIAL-SITE 8 60,206 RESIDENTIAL-SITE 12 338,892 RESIDENTIAL-SITE 13 263,190 RESIDENTIAL-SITE 14 286,162 RESIDENTIAL-SITE 17 274,945 RESIDENTIAL-SITE 18 370,569 RESIDENTIAL-SITE 19 43,402 RESIDENTIAL-SITE 20 62,838 RESIDENTIAL-SITE 21 57,257 TRANSITION HOME 548,106 CAMELOT SQUARE RESIDENTIAL SERVICES 336,219
SUPPORTED COMMUNITY LIVING, RESPITE, CDAC 550,193 SUPPORTED EMPLOYMENT, ENCLAVE 463,853 DAY HAB 466,710 ADULT DAY SERVICES 410,187 CAMELOT SQUARE RCF 121,827 BUSINESS SERVICES 295,334 MISC & UNALLOCATED FACILITY EXPENSE 238,876
CAMELOT SQUARE HUD PROJECT 96,431
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clayton Adams Executive Director | 40 | $140,539 | |
Deidra Brown Assistant Executive Director | 40 | $108,193 | |
Carla Long Staff | 40 | $101,405 | |
Donna Schurke Finance Director | 40 | $100,382 | |
Sandy Quandt Secretary | OfficerTrustee | 0 | $0 |
Rick Thompson President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $637,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $543,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,180,784 |
| Total Program Service Revenue | $8,838,083 |
| Investment income | $2,458 |
| 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 | $10,021,325 |
| 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. | $140,539 |
| Compensation of current officers, directors, key employees. | $140,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,907,922 |
| Pension plan accruals and contributions | $44,606 |
| Other employee benefits | $739,206 |
| Payroll taxes | $450,113 |
| Fees for services: Management | $5,808 |
| Fees for services: Legal | $4,035 |
| Fees for services: Accounting | $31,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $199,398 |
| Advertising and promotion | $135,112 |
| Office expenses | $41,501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $233,157 |
| Travel | $190,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,821 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,915 |
| Insurance | $50,465 |
| All other expenses | $74,961 |
| Total functional expenses | $8,744,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,141,746 |
| Savings and temporary cash investments | $1,267,198 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $791,051 |
| 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 | $48,201 |
| Net Land, buildings, and equipment | $1,108,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,356,344 |
| Accounts payable and accrued expenses | $642,015 |
| 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 | $642,015 |
| Net assets without donor restrictions | $4,714,329 |
| 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 | $5,356,344 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wesco Industries has recieved totaling $34,506.
| Awarding Organization | Amount |
|---|---|
Food Bank Of Siouxland Inc Sioux City, IA PURPOSE: FEED NEEDY | $24,501 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION THE JULY CHALLENGE FUND - RECREATIONAL TRAILS | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boone Center Inc St Peters, MO | $14,889,109 | $18,998,876 |
Productive Alternatives Inc Fergus Falls, MN | $14,632,824 | $15,833,343 |
Industries For The Blind And Visually Impaired Inc West Allis, WI | $80,204,002 | $10,367,576 |
Lambs Farm Inc Libertyville, IL | $23,504,581 | $13,032,908 |
Ability Building Center Inc Rochester, MN | $7,763,544 | $10,721,027 |
Orc Industries Inc La Crosse, WI | $242,922,909 | $45,746,672 |
Bh Services Inc Rapid City, SD | $4,646,829 | $8,554,262 |
Wesco Industries Denison, IA | $5,356,344 | $10,021,325 |
Skyline Center Inc Clinton, IA | $4,248,547 | $8,832,624 |
Open Door Rehabilitation Center Sandwich, IL | $5,637,180 | $7,297,052 |
Minnesota Diversified Industries Inc Minneapolis, MN | $23,803,978 | $9,002,984 |
North Central Sheltered Workshop Fort Dodge, IA | $2,808,504 | $6,257,790 |