Fayco Enterprises Inc
- Assets
- $5.0m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 242
- Location
- Vandalia, IL
- Founding
- 08/1975
- Data as of
- 06/2022
- EIN
- 51-0141475
Organization Overview
Fayco Enterprises Inc is located in Vandalia, IL. The organization was established in 1975. 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, Fayco Enterprises Inc employed 242 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayco Enterprises 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 06/2022, Fayco Enterprises Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 0.8% 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
TO PROVIDE TRAINING, REHABILITATIVE, AND RESIDENTIAL SERVICES FOR INDIVIDUALS WITH DISABILITIES LIVING IN THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY INTEGRATED LIVING-A RESIDENTIAL ALTERNATIVE TO WHICH AFFORDS A SET OF SERVICES, UNIQUE TO THE INDIVIDUAL, TO ENSURE THAT AN APPROPRIATE RESIDENTIAL OPTION IS OPEN TO EACH DEVELOPMENTALLY DISABLED ADULT. THIS PROGRAM PROVIDED CARE FOR THE PARTICIPANTS FOR 365 DAYS OF THE YEAR. UNDER THIS PROGRAM THE ORGANIZATION PROVIDED INTENSIVE RESIDENTIAL SERVICES TO 47 INDIVIDUALS. APPROXIMATELY 15,496 HOURS OF CARE WERE PROVIDED TO THE INDIVIDUALS SERVED.
COMMUNITY DAY SERVICES-THIS PROGRAM IS OPEN TO DEVELOPMENTALLY DISABLED ADULTS, BASED UPON AVAILABILITY OF FUNDING AND PROGRAM CAPACITY. SERVICES ARE DESIGNED FOR AN ARRAY OF ABILITY AND SKILL LEVEL RANGING FROM; 1) INDIVIDUALS WITH THE MOST SIGNIFICANT DISABILITY WHO MAY ENJOY A PROGRAM WITH AN EMPHASIS ON IN-HOUSE AND COMMUNITY ACTIVITIES THAT INCLUDE SOCIALIZATION, HEALTH AND WELLNESS, SAFETY, AND INDEPENDENT LIVING SKILLS TO 2)INDIVIDUALS DESIRING A MORE ADVANCED OPPORTUNITY TO LEARN AND EXPLORE THEIR COMMUNITY THROUGH VOLUNTEERISM AND AN EXPOSURE TO COMPETITIVE AND SHELTERED EMPLOYMENT. THIS PROGRAM OPERATED FOR 240 DAYS DURING THE YEAR. UNDER THIS PROGRAM, APPROXIMATELY 130,044 HOURS OF SERVICE WERE PROVIDED TO THE 147 PARTICIPANTS.
COMMUNITY EMPLOYMENT/WORK PARTNERS-THIS PROGRAM IS A COOPERATIVE EFFORT BETWEEN THE INDUSTRIAL AND REHABILITATION COMMUNITIES TO FIND COMPETITIVE EMPLOYMENT OPPORTUNITIES FOR A QUALIFIED DISABLED WORKER AND HELP ENSURE THEIR SUCCESS ON THE JOB. DISCOVERING THE BEST PATH TO EMPLOYMENT INCLUDES A COMMITMENT FROM THE INDIVIDUAL TO FOCUS ON KEY AREAS OF JOB TRAINING AND A PARTNERSHIP WITH EMPLOYERS IN OUR COMMUNITY TO PROVIDE JOB OPPORTUNITIES THAT MAXIMIZE SUCCESS. THIS SERVICE IS OFFERED TO TEENS IN TRANSITIONING FROM HIGH SCHOOL AND ADULTS WITH DISABILITIES. THIS PROGRAM OPERATED FOR 240 DAYS DURING THE YEAR. DURING THE YEAR, THE PROGRAM SERVED 21 INDIVIDUALS AND ARRANGED COMPETITIVE EMPLOYMENT OPPORTUNITIES FOR 6 OF THOSE INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Taylor Executive Dir. | Officer | 40 | $81,020 |
Sherry Hicks Dir Of Finance | Officer | 40 | $70,447 |
David Riegel Secretary | OfficerTrustee | 1 | $0 |
Marty Dawson President | OfficerTrustee | 1 | $0 |
Ariana Thurnau Treasurer | OfficerTrustee | 1 | $0 |
Pam Yates Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,254 |
| Total Program Service Revenue | $5,761,243 |
| Investment income | $5,274 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,377 |
| Net Income from Fundraising Events | $4,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,840,881 |
| 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. | $169,106 |
| Compensation of current officers, directors, key employees. | $147,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,268,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $468,083 |
| Payroll taxes | $268,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,983 |
| Fees for services: Accounting | $19,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,151 |
| Advertising and promotion | $7,332 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $329,670 |
| Travel | $220,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,669 |
| Interest | $26,412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $394,590 |
| Insurance | $25,285 |
| All other expenses | $21,794 |
| Total functional expenses | $5,659,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,422,120 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $605,094 |
| 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 | $101,708 |
| Net Land, buildings, and equipment | $2,890,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,019,220 |
| Accounts payable and accrued expenses | $315,201 |
| Grants payable | $0 |
| Deferred revenue | $9,019 |
| 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 | $639,283 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $963,503 |
| Net assets without donor restrictions | $4,051,925 |
| Net assets with donor restrictions | $3,792 |
| 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 | $5,019,220 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fayco Enterprises Inc has recieved totaling $232.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $232 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boone Center Inc St Peters, MO | $14,889,109 | $18,998,876 |
Opportunity Enterprises Inc Valparaiso, IN | $17,973,324 | $20,835,387 |
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 |
Orc Industries Inc La Crosse, WI | $242,922,909 | $45,746,672 |
Wesco Industries Denison, IA | $5,356,344 | $10,021,325 |
Skyline Center Inc Clinton, IA | $4,248,547 | $8,832,624 |
Bi-County Services Inc Bluffton, IN | $7,324,940 | $7,807,647 |
Open Door Rehabilitation Center Sandwich, IL | $5,637,180 | $7,297,052 |
North Central Sheltered Workshop Fort Dodge, IA | $2,808,504 | $6,257,790 |
Peoria Production Shop Inc Peoria, IL | $26,236,836 | $5,188,185 |
Avenues To Independence Park Ridge, IL | $1,564,674 | $5,960,525 |