Chatham Trades Inc
- Assets
- $941.6k
- Revenue
- $908.2k
- Investments
- $0.0
- Employees
- 65
- Location
- Siler City, NC
- Founding
- 09/1980
- Data as of
- 06/2022
- EIN
- 56-1272201
Organization Overview
Chatham Trades Inc is located in Siler City, NC. The organization was established in 1980. 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, Chatham Trades Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chatham Trades 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, Chatham Trades Inc generated $908.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 5.4% 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
COMMUNITY REHABILITATION PROGRAM SERVING ADULTS WITH PHYSICAL, INTELLECTUAL, AND DEVELOPMENTAL DISABILITIES INCLUDING EVALUATION, TRAINING, WORK ACTIVITY, JOB DEVELOPMENT AND JOB PLACEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED 35 INDIVIDUALS WITH DISABILITIES IN THE SILER CITY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Poe Executive Di | Trustee | 40 | $78,809 |
John Eldridge President | OfficerTrustee | 2 | $0 |
Mike Fisher Secretary/ T | OfficerTrustee | 1.5 | $0 |
Mary Harris Board Member | Trustee | 1 | $0 |
Neill Lindley Board Member | Trustee | 1 | $0 |
Kenneth Mcpherson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $206,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,365 |
| Total Program Service Revenue | $368,219 |
| Investment income | $95 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $193 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $178,725 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $908,153 |
| 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. | $78,809 |
| Compensation of current officers, directors, key employees. | $78,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $718,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,357 |
| Payroll taxes | $58,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,479 |
| Advertising and promotion | $850 |
| Office expenses | $13,299 |
| Information technology | $10,131 |
| Royalties | $0 |
| Occupancy | $23,808 |
| Travel | $1,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,193 |
| Interest | $20,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,052 |
| Insurance | $20,135 |
| All other expenses | $5,295 |
| Total functional expenses | $1,172,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,172 |
| Savings and temporary cash investments | $12,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,885 |
| 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 | $2,743 |
| Net Land, buildings, and equipment | $824,228 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $941,578 |
| Accounts payable and accrued expenses | $64,693 |
| 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 | $564,407 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,000 |
| Total liabilities | $679,100 |
| Net assets without donor restrictions | $262,478 |
| 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 | $941,578 |