Center Industries Corporation
- Assets
- $41.4m
- Revenue
- $31.5m
- Investments
- $0.0
- Employees
- 157
- Location
- Wichita, KS
- Founding
- 05/1978
- Data as of
- 06/2022
- EIN
- 48-0823001
Organization Overview
Center Industries Corporation is located in Wichita, KS. The organization was established in 1978. 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, Center Industries Corporation employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center Industries Corporation 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, Center Industries Corporation generated $31.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $29.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 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 MEANINGFUL EMPLOYMENT FOR THE PHYSICALLY DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
75% OF DIRECT LABOR WORKFORCE CONSISTS OF DISABLED INDIVIDUALS WORKING IN A MANUFACTURING ENVIRONMENT. EMPLOYEES EARN COMPETITIVE WAGES AND RECEIVE BENEFITS SUCH AS HEALTH INSURANCE, HOLIDAY PAY, VACATION, AND SICK LEAVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Jackson President | Officer | 39.7 | $243,185 |
Peter Jonas Vice President Sales | 39.7 | $158,697 | |
Mike Dassel Director Of Finance | Officer | 39.7 | $139,792 |
Patrick Jonas Board Liaison To Cic | OfficerTrustee | 0.3 | $0 |
Robert P Daniels Vice Chairman | OfficerTrustee | 0.3 | $0 |
Dan Augustin Chairman | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,952,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,952,751 |
| Total Program Service Revenue | $27,482,071 |
| Investment income | $25,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,414 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,546,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| 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. | $541,674 |
| Compensation of current officers, directors, key employees. | $243,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $634,837 |
| Pension plan accruals and contributions | $34,016 |
| Other employee benefits | $136,536 |
| Payroll taxes | $83,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $266,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,694 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $91,556 |
| Information technology | $73,475 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,612 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,777 |
| Insurance | $58,246 |
| All other expenses | $20,572 |
| Total functional expenses | $29,086,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,349,793 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,699,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,833,234 |
| Prepaid expenses and deferred charges | $386,045 |
| Net Land, buildings, and equipment | $10,684,128 |
| Investments—publicly traded securities | $1,050,836 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $367,046 |
| Total assets | $41,370,550 |
| Accounts payable and accrued expenses | $2,516,732 |
| 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 | $2,516,732 |
| Net assets without donor restrictions | $38,853,818 |
| 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 | $41,370,550 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center Industries Corporation has recieved totaling $5,376.
| Awarding Organization | Amount |
|---|---|
Sourceamerica Vienna, VA PURPOSE: NPA TRAINING VOUCHER, TRAINING, COMPLIANCE, & CERTIFICATION GRANTS | $5,376 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alphapointe Kansas City, MO | $66,593,380 | $65,983,959 |
Newview Oklahoma Inc Oklahoma City, OK | $24,735,488 | $38,308,378 |
Center Industries Corporation Wichita, KS | $41,370,550 | $31,546,463 |
Boone Center Inc St Peters, MO | $14,889,109 | $18,998,876 |
Bayaud Enterprises Inc Denver, CO | $6,863,381 | $15,309,395 |
People First Industries Of Bryan County Inc Durant, OK | $9,398,060 | $9,378,908 |
Pueblo Diversified Industries Inc Pueblo, CO | $9,946,529 | $8,276,813 |
Tri-Valley Developmental Services Chanute, KS | $8,494,804 | $7,100,011 |
Tri-Ko Inc Osawatomie, KS | $8,732,408 | $7,511,624 |
Swi Industrial Solutions Inc Springfield, MO | $3,034,976 | $4,180,118 |
Industrial Aid Inc St Louis, MO | $7,455,921 | $4,960,749 |
Twin Rivers Developmental Supports Inc Arkansas City, KS | $7,303,251 | $4,009,356 |