The Industry
- Assets
- $63.1k
- Revenue
- $77.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Fort Gratiot, MI
- Founding
- 06/2018
- Data as of
- 09/2021
- EIN
- 82-4030776
Organization Overview
The Industry is located in Fort Gratiot, MI. The organization was established in 2018. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Industry employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industry 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 09/2021, Industry generated $77.3k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $149.9k during the year ending 09/2021. 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
THE INDUSTRY PROVIDES HIGH SCHOOL GRADUATES WITH TRAINING AND SERVICES THAT WILL HELP THEM DISCOVER WHAT THEY TRULY WISH TO DO. WHETHER IT'S TRADE SCHOOL, COLLEGE, OR ENTERING THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG ADULT PROGRAM; THIS IS A THREE MONTH PROGRAM THAT HELPS YOUNG PEOPLE FIGURE OUT THEIR LIFE AND THEIR CAREER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Sabo CEO | Trustee | 40 | $66,664 |
Carlos Quiroga Director | Officer | 40 | $19,695 |
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 | $77,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,011 |
| Total Program Service Revenue | $244 |
| Investment income | $0 |
| 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 | $77,255 |
| 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. | $86,360 |
| Compensation of current officers, directors, key employees. | $86,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,528 |
| Fees for services: Management | $335 |
| 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 | $22,163 |
| Office expenses | $6,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $360 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $381 |
| All other expenses | $0 |
| Total functional expenses | $149,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,125 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,125 |
| Accounts payable and accrued expenses | $0 |
| 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 | $27,010 |
| Total liabilities | $27,010 |
| Net assets without donor restrictions | $0 |
| 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 | $36,115 |
| Total liabilities and net assets/fund balances | $63,125 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Industry has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of St Clair County Port Huron, MI PURPOSE: COMMUNITY PROGRAMS | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sigma Kappa National Housing Corp Carmel, IN | $43,130,448 | $13,889,510 |
Wisconsin Realtors Association Madison, WI | $21,391,509 | $7,218,750 |
Michigan Association Of Realtors Lansing, MI | $19,860,076 | $8,510,169 |
Ncr Permanent Supportive Housing Services Columbus, OH | $1,083,580 | $3,750,961 |
Association Of College And University Housing Officers - Inte Columbus, OH | $6,244,515 | $3,516,112 |
Michigan Manufactured Housing Rv And Campground Association Okemos, MI | $4,347,878 | $2,091,544 |
National Church Residences Columbus, OH | $7,958,105 | $2,396,850 |
Michigan Association Of Home Builders Lansing, MI | $1,275,641 | $1,128,395 |
Home Builders Association Of Greater Cincinnati Cincinnati, OH | $4,206,787 | $615,926 |
Ohio Home Builders Association Columbus, OH | $1,027,645 | $505,320 |
Builders And Remodelers Association Of Greater Ann Arbor Ann Arbor, MI | $1,234,102 | $312,021 |
Home Builders Association Of Greater Cleveland Independence, OH | $335,366 | $489,607 |