Target Community & Educational Services Inc
- Assets
- $11.8m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 318
- Location
- Westminster, MD
- Founding
- 09/1983
- Data as of
- 06/2023
- EIN
- 52-1303673
Organization Overview
Target Community & Educational Services Inc is located in Westminster, MD. The organization was established in 1983. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2023, Target Community & Educational Services Inc employed 318 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Target Community & Educational Services 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, Target Community & Educational Services Inc generated $11.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $10.5m during the year ending 06/2023. While expenses have increased by 6.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TARGET COMMUNITY & EDUCATIONAL SERVICES IS DEDICATED TO ENHANCING THE LIVES OF CHILDREN AND ADULTS WITH INTELLECTUAL AND OTHER DISABILITIES THROUGH QUALITY, COMMUNITY-BASED RESIDENTIAL, EDUCATIONAL, VOCATIONAL, RECREATIONAL AND FAMILY SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TRAINING AND CONDUCT RESEARCH AND DEVELOPMENT OF COMMUNITY-BASED RESIDENTIAL, EDUCATIONAL, VOCATIONAL, RECREATIONAL AND FAMILY SUPPORT SERVICES DEDICATED TO ENHANCE THE LIVES OF CHILDREN AND ADULTS WITH INTELLECTUAL AND OTHER DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Murphey VP & CFO | Officer | 40 | $116,691 |
Jessica Dixon Vice Pres/coo | Officer | 40 | $116,809 |
Kathleen Mccormac Vice Pres Hr | Officer | 40 | $90,886 |
Gail Slater VP Development | Officer | 40 | $84,577 |
Dr Matthew Ramsey Pres/ceo 7/1/22 | Officer | 25 | $10,000 |
Catherine Elisa Defilippis Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Toyota Financial Services Vehicle Financing | 6/29/22 | $132,722 |
Fulton Construction Contractor | 6/29/22 | $500,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $661,398 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $891,406 |
| Total Program Service Revenue | $10,599,296 |
| Investment income | $9,416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $56,807 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,557,925 |
| 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. | $508,321 |
| Compensation of current officers, directors, key employees. | $508,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,999,883 |
| Pension plan accruals and contributions | $74,467 |
| Other employee benefits | $448,778 |
| Payroll taxes | $555,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $92,433 |
| 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 | $143,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $241,432 |
| Travel | $207,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,487 |
| Interest | $53,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $337,194 |
| Insurance | $189,739 |
| All other expenses | $135,400 |
| Total functional expenses | $10,492,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,037,567 |
| Savings and temporary cash investments | $2,692,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $416,068 |
| 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 | $96,618 |
| Net Land, buildings, and equipment | $5,002,536 |
| Investments—publicly traded securities | $2,257,081 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $319,650 |
| Total assets | $11,821,616 |
| Accounts payable and accrued expenses | $391,762 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $319,650 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $653,565 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,320,251 |
| Total liabilities | $3,685,228 |
| Net assets without donor restrictions | $7,076,653 |
| Net assets with donor restrictions | $1,059,735 |
| 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 | $11,821,616 |