Madison County Sheltered Workshop EIN 43-1630934 Form 990 (PDF) Claim this org

Madison County Sheltered Workshop FY2023 filing

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Creates jobs for people with mental or physical disabilities. For fiscal year 2023 it reported $801K in revenue, $564K in expenses, and $817K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Fredericktown, MO
Website
madisoncoworkshop.org
Filings
5 on file (2020–2023)
Revenue
$801KFY2023
Expenses
$564K
Net assets
$817K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  43-1630934 Public charity (501(c)(3)) Fredericktown, MO
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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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
$801K revenue, $564K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$801K
Pt VIII · Ln 12
Total expenses
$564K
Pt IX · Ln 25
Net assets
$817K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $237K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+30%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$801K
FY2023▲ +72%
Expenses
$564K
FY2023▲ +6%
Total assets
$841K
FY2023▲ +35%
Total liabilities
$24K
FY2023▼ -44%
Total revenue
$801K
Pt VIII · Ln 12
Total expenses
$564K
Pt IX · Ln 25
Net assets
$817K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$237K
Total assetsPt X · Ln 16$841K
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 $509K of program spending, described in the organization's own filed words · FY2023.
01

To provide employement opportunites to mentally or physically disabled individuals.

$509Kprogram 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$405K · 51%
Other revenue$208K · 26%
Program service revenue$187K · 23%
Contributions & grants51%$405K
Other revenue26%$208K
Program service revenue23%$187K
Investment income$417
— government grantsLn 1e$213K
Total revenueLn 12$801K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$564K
Total functional expensesLn 25$564K

Balance Sheet

Part X · end of year
CashLn 1$72K
Total assetsLn 16$841K
Total liabilitiesLn 26$24K
Total net assetsLn 32$817K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $72K · Operating expenses (Pt IX) $564K · Less non-cash grants $186K · Cash operating expenses/yr $378K
2.3 months
Where the money goes
Program services
Program services $564K · Total expenses $564K
100%
Management & General
Management & general $0 · Total expenses $564K
0%
Fundraising
Fundraising $0 · Total expenses $564K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $231K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $405K · Total revenue $801K
51%
Government reliance
Government grants $213K · Total revenue $801K
27%
Earned-income share
Program service revenue $187K · Total revenue $801K
23%
Investment reliance
Investment income $417 · Total revenue $801K
+0.05%
Program self-sufficiency
Program service revenue $187K · Total expenses $564K
33%
Growth & trend
Revenue growth (YoY)
This year $801K · Prior year $467K
+72%
Net-asset trend (YoY)
End of year $817K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $801K · Expenses $564K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $841K
Net-asset ratio
Net assets $817K · Total assets $841K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $841K
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 $564K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $271K · Total expenses $564K
48%
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 72%
Accounting fee ratio 3%

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 · ⤓ 990 PDF
FY2023$801K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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