Madison County Sheltered Workshop EIN 43-1630934

Madison County Sheltered Workshop

EIN  43-1630934 Public charity (501(c)(3)) Fredericktown, MO
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Creates jobs for people with mental or physical disabilities.
Leadership
Rick Polete · Treasurer
Money in and out
$769K revenue, $726K expenses
Bottom line
100% program efficiency

Creates jobs for people with mental or physical disabilities. For fiscal year 2024 it reported $769K in revenue, $726K in expenses, and $860K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$769K
Pt VIII · Ln 12
Total expenses
$726K
Pt IX · Ln 25
Net assets
$860K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $43K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate▲ +61% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▼ -81% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$769K
FY2024▼ -4%
Expenses
$726K
FY2024▲ +29%
Total assets
$876K
FY2024▲ +4%
Total liabilities
$16K
FY2024▼ -31%
Total revenue
$769K
Pt VIII · Ln 12
Total expenses
$726K
Pt IX · Ln 25
Net assets
$860K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$43K
Total assetsPt X · Ln 16$876K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $664K of program spending, described in the organization's own filed words · FY2024.
01

To provide employement opportunites to mentally or physically disabled individuals.

$664Kprogram expense
02

To provide employement opptunities to mentally or physically disabled individuals.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMadison County Sheltered Workshop
EINHdr · item D43-1630934
Principal addressHdr · item CFredericktown, MO
WebsiteHdr · item Jmadisoncoworkshop.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P82Z)
Ruling yearIRS BMFDec 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$491K · 64%
Program service revenue$270K · 35%
Other revenue$4K · 1%
Contributions & grants64%$491K
Program service revenue35%$270K
Other revenue1%$4K
Investment income$4K
— government grantsLn 1e$220K
Total revenueLn 12$769K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$726K
Total functional expensesLn 25$726K

Balance Sheet

Part X · end of year
CashLn 1$144K
Total assetsLn 16$876K
Total liabilitiesLn 26$16K
Total net assetsLn 32$860K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $144K · Operating expenses (Pt IX) $726K · Less non-cash grants $264K · Cash operating expenses/yr $462K
3.7 months
Where the money goes
Program services
Program services $726K · Total expenses $726K
100%
Management & General
Management & general $0 · Total expenses $726K
0%
Fundraising
Fundraising $0 · Total expenses $726K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $254K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $491K · Total revenue $769K
64%
Government reliance
Government grants $220K · Total revenue $769K
29%
Earned-income share
Program service revenue $270K · Total revenue $769K
35%
Investment reliance
Investment income $4K · Total revenue $769K
0%
Program self-sufficiency
Program service revenue $270K · Total expenses $726K
37%
Growth & trend
Revenue growth (YoY)
This year $769K · Prior year $801K
-4%
Revenue CAGR
FY2020 $440K · FY2024 $769K
+15%
Net-asset trend (YoY)
End of year $860K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $769K · Expenses $726K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $876K
Net-asset ratio
Net assets $860K · Total assets $876K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $876K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rick Polete · Reported title TREASURER · Highest reported compensation $0 · Total expenses $726K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $322K · Total expenses $726K
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -4%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$11

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$769K revenue · viewing · ⤓ 990 PDF
FY2023$801K revenue · ⤓ 990 PDF
FY2022$467K revenue · ⤓ 990 PDF
FY2021$469K revenue · ⤓ 990 PDF
FY2020$440K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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