Occupational Enterprises Inc
- Assets
- $511.7k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 29
- Location
- Abingdon, VA
- Founding
- 06/2002
- Data as of
- 06/2024
- EIN
- 54-1978846
Organization Overview
Occupational Enterprises Inc is located in Abingdon, VA. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2024, Occupational Enterprises Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Occupational 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 06/2024, Occupational Enterprises Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.6m during the year ending 06/2024. While expenses have increased by 2.3% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO LOCAL DEPARTMENT OF SOCIAL SERVICES IN FULFILLING THE REQUIREEMNTS FOR IMPLEMENTATION OF WELFARE TO WORK PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOB TRAINING, JOB PLACEMENT, EDUCATION, SUBSTANCE ABUSE SCREENING, COUNCILING AND REHABILITATION, JOB REFERRAL, JOB DEVELOPMENT AND EDUCATION OF SELF-EMPLOYED IN MARKETING OF HOME CRAFTED ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lavada Jessee Executive Di | Officer | 40 | $50,962 |
Chris Austin Vice-Chair | Trustee | 2 | $0 |
Abe Rutherford Secretary | Trustee | 2 | $0 |
David Taylor Chairperson | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,262,524 |
| All other contributions, gifts, grants, and similar amounts not included above | $217,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,479,762 |
| Total Program Service Revenue | $0 |
| Investment income | $290 |
| 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 | $1,480,052 |
| 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. | $113,422 |
| Compensation of current officers, directors, key employees. | $8,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $736,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,808 |
| Payroll taxes | $69,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,819 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,400 |
| Travel | $37,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $162 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,020 |
| Insurance | $67,340 |
| All other expenses | $51,567 |
| Total functional expenses | $1,564,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,132 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $220,129 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,632 |
| Prepaid expenses and deferred charges | $3,176 |
| Net Land, buildings, and equipment | $12,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $511,669 |
| Accounts payable and accrued expenses | $19,719 |
| 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 | $19,719 |
| Net assets without donor restrictions | $491,950 |
| 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 | $511,669 |