Community Option Resource Enterprises Inc
- Assets
- $4.3m
- Revenue
- $3.0m
- Investments
- $1.1m
- Employees
- 148
- Location
- Billings, MT
- Founding
- 11/1971
- Data as of
- 06/2022
- EIN
- 81-0309011
Organization Overview
Community Option Resource Enterprises Inc is located in Billings, MT. The organization was established in 1971. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, Community Option Resource Enterprises Inc employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Option Resource 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 06/2022, Community Option Resource Enterprises Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 1.0% 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
PROVIDE SERVICES TO ADULTS WITH DEVELOPMENTAL, PHYSICAL, AND MENTAL DISABILITIES IN BILLINGS, MT AND THE SURROUNDING COMMUNITIES. OFFER DAY PROGRAMS AND RESIDENTIAL AND VOCATIONAL SUPPORTS TO INDIVIDUALS BASED ON THEIR SPECIFIC NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVALUATION AND TRAINING OF MENTALLY AND PHYSICALLY HANDICAPPED INDIVIDUALS. DAY PROGRAMS AND RESIDENTIAL AND VOCATIONAL SUPPORTS TO INDIVIDUALS BASED ON THEIR SPECIFIC NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Cline CEO (thru 9/21) | Officer | 40 | $84,687 |
Linda Vanberg Business Manager | Officer | 40 | $60,061 |
Jennifer Schilling CEO | Officer | 40 | $54,084 |
Lee Killman Vice President | OfficerTrustee | 3 | $0 |
Ian Elliot Secretary/treasurer (thru 12/21) | OfficerTrustee | 3 | $0 |
Dave Stoltenberg President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,399 |
| Total Program Service Revenue | $2,723,515 |
| Investment income | $101,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $184,248 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,037,464 |
| 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. | $233,349 |
| Compensation of current officers, directors, key employees. | $81,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,543,773 |
| Pension plan accruals and contributions | $42,445 |
| Other employee benefits | $220,894 |
| Payroll taxes | $133,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,839 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,582 |
| Office expenses | $5,083 |
| Information technology | $57,127 |
| Royalties | $0 |
| Occupancy | $49,428 |
| Travel | $10,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,396 |
| Insurance | $95,733 |
| All other expenses | $53,532 |
| Total functional expenses | $2,943,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $405,864 |
| Savings and temporary cash investments | $239,419 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $291,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,130 |
| Prepaid expenses and deferred charges | $21,871 |
| Net Land, buildings, and equipment | $2,173,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,114,652 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,280,965 |
| Accounts payable and accrued expenses | $221,116 |
| 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 | $221,116 |
| Net assets without donor restrictions | $4,059,849 |
| 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 | $4,280,965 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Option Resource Enterprises Inc has recieved totaling $23,290.
| Awarding Organization | Amount |
|---|---|
Sourceamerica Vienna, VA PURPOSE: PPE | $11,645 |
Sourceamerica Vienna, VA PURPOSE: PPE | $11,645 |
Endowment Analysis
| Beg. Balance | $214,664 |
| Earnings | -$18,711 |
| Ending Balance | $195,953 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Huron Area Center For Independence Huron, SD | $13,427,991 | $15,192,103 |
Flathead Industries Kalispell, MT | $13,457,403 | $11,698,127 |
Aspire Inc Aberdeen, SD | $9,447,713 | $8,030,066 |
Northern Hills Training Spearfish, SD | $10,166,360 | $9,462,308 |
Vocational Training Center Inc Fargo, ND | $8,266,125 | $7,124,205 |
Magic City Enterprises Inc Cheyenne, WY | $2,601,918 | $7,258,123 |
Ravalli Services Corporation Hamilton, MT | $6,207,705 | $5,413,263 |
Witco Inc Caldwell, ID | $9,614,356 | $5,849,799 |
Community Option Resource Enterprises Inc Billings, MT | $4,280,965 | $3,037,464 |
Diversified Services Inc Torrington, WY | $1,208,239 | $1,856,324 |
New Day Products Inc Pocatello, ID | $1,579,134 | $2,186,234 |
Grand Forks Growth And Support Center Grand Forks, ND | $690,460 | $1,773,290 |