Jackson River Enterprise Inc
- Assets
- $689.4k
- Revenue
- $278.5k
- Investments
- $0.0
- Employees
- 41
- Location
- Covington, VA
- Founding
- 09/1978
- Data as of
- 06/2021
- EIN
- 54-1041660
Organization Overview
Jackson River Enterprise Inc is located in Covington, VA. 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 06/2021, Jackson River Enterprise Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson River Enterprise 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 06/2021, Jackson River Enterprise Inc generated $278.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $330.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYMENT TRAINING FOR HANDICAPPED
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTERED EMPLOYMENT-PROVIDES EMPLOYMENT & TRAINING FOR PHYSICALLY & MENTALLY HANDICAPPED INDIVIDUALS. (DUE TO COVID-19,NO INDIVIDUALS COULD BE SERVED ON-SITE DURING THE YEAR. PROGRAMS AND WORK CONTRACTS WERE MAINTAINED UNTIL DECISIONS COULD BE MADE CONCERNING THE FUTURE DIRECTION OF THE ORGANIZATION.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon A Walthall Director Of Operations | Officer | 40 | $38,238 |
Todd S Anderson Chief Executive Officer | Officer | 40 | $22,500 |
Russ Updike Chairman | OfficerTrustee | 10 | $0 |
Christian Filips Secretary/treasurer | OfficerTrustee | 10 | $0 |
Lon Rollinson Board Director | OfficerTrustee | 1 | $0 |
John Stone Vice Chairman | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,866 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,473 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,339 |
| Total Program Service Revenue | $142,890 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,952 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,481 |
| 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. | $76,169 |
| Compensation of current officers, directors, key employees. | $10,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,819 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,927 |
| Payroll taxes | $14,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,378 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,811 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,640 |
| Travel | $3,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,056 |
| Insurance | $37,302 |
| All other expenses | $36,004 |
| Total functional expenses | $330,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,282 |
| Savings and temporary cash investments | $10,399 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,916 |
| 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 | $0 |
| Net Land, buildings, and equipment | $621,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,495 |
| Total assets | $689,361 |
| Accounts payable and accrued expenses | $17,551 |
| 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 | $268,232 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $285,783 |
| Net assets without donor restrictions | $403,578 |
| 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 | $689,361 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jackson River Enterprise Inc has recieved totaling $3,331.
| Awarding Organization | Amount |
|---|---|
Alleghany Foundation Covington, VA PURPOSE: JRE DAY SUPPORT INITIATIVE & EXPANDED COMMUNITY SUPPORT | $3,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Older Worker Career Center Inc Arlington, VA | $5,908,422 | $45,760,008 |
Winston-Salem Industries For The Blind Inc Winstonsalem, NC | $96,621,151 | $36,296,744 |
Haywood Vocational Opportunities Inc Hazelwood, NC | $19,964,107 | $20,245,549 |
Coastal Enterprises Of Jacksonville Inc Jacksonville, NC | $28,700,774 | $9,959,201 |
Jackson County Developmental Center Inc Millwood, WV | $3,126,310 | $5,044,000 |
Sw Resources Inc Parkersburg, WV | $3,802,865 | $5,085,647 |
Watauga Opportunities Inc Boone, NC | $6,174,593 | $4,894,434 |
Liberty Corner Enterprises Inc Asheville, NC | $1,499,174 | $4,141,112 |
Workwell Industries Inc Louisville, KY | $3,015,250 | $4,309,414 |
Opportunities Inc Lanham, MD | $11,459,241 | $5,505,217 |
Polk County Sheltered Workshop Inc Columbus, NC | $2,694,853 | $2,928,986 |
Tamarlane Industries Beaver Dam, KY | $2,805,000 | $3,276,754 |