Searchlight Center Inc
- Assets
- $7.0m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 211
- Location
- Hobart, OK
- Founding
- 12/1985
- Data as of
- 06/2024
- EIN
- 73-1219094
Organization Overview
Searchlight Center Inc is located in Hobart, OK. The organization was established in 1985. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2024, Searchlight Center Inc employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Searchlight Center 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, Searchlight Center Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $5.1m during the year ending 06/2024. While expenses have increased by 4.3% per year over the past 5 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 JOB TRAINING AND BASIC LIVING SKILLS TO THE DEVELOPMENTALLY DISABLED ADULT COMMUNITY THROUGH COMMUNITY BASED JOBS AND GROUP HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE JOB TRAINING AND BASIC LIVING SKILLS TO THE DEVELOPMENTALLY DISABLED ADULT COMMUNITY THROUGH COMMUNITY BASED JOBS AND GROUP HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Coffin Member | Trustee | 1 | $0 |
John Gish President | OfficerTrustee | 1 | $0 |
Cherie Harris Treasurer | Trustee | 1 | $0 |
Kelley Hilburn Secretary | OfficerTrustee | 1 | $0 |
Jana Morris Member | Trustee | 1 | $0 |
Lou Sims Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,124,273 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,124,273 |
| Total Program Service Revenue | $364,679 |
| Investment income | $32,001 |
| 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 | $5,536,707 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,546,002 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,900 |
| Payroll taxes | $289,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,290 |
| Office expenses | $18,778 |
| Information technology | $21,632 |
| Royalties | $0 |
| Occupancy | $170,177 |
| Travel | $116,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,711 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,648 |
| Insurance | $60,389 |
| All other expenses | $146,170 |
| Total functional expenses | $5,116,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,760,109 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $288,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11 |
| Prepaid expenses and deferred charges | $206,791 |
| Net Land, buildings, and equipment | $4,643,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,674 |
| Total assets | $7,002,066 |
| Accounts payable and accrued expenses | $63,987 |
| 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 | $3,992,323 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,266 |
| Total liabilities | $4,138,576 |
| Net assets without donor restrictions | $2,863,490 |
| 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 | $7,002,066 |