Sw Resources INC FY2022 filing

Tax-deductible

Parkersburg, WV501(c)(3)EmploymentEIN 55-0479290Revenue $4.5M in FY2022

On file with the IRSswresources.com1007 Mary St, 26101-5223 · Parkersburg, WVTax-exempt since Apr 1965Publicly supported — 509(a)(2)

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To provide vocational services, employment, and other opportunities for individuals with disabilities, enabling them to obtain their highest potential.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$71K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $53K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $67K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$892K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
-12% vs prior year
Spent
$5.0M
To programs
89%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$4.5M
FY2022▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.8M
FY2021$5.1M
FY2022$4.5M
FY2023$4.4M
FY2024$4.4M
Expenses
$5.0M
FY2022▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.6M
FY2021$4.8M
FY2022$5.0M
FY2023$4.7M
FY2024$4.3M
Net assets
$2.6M
FY2022▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$3.2M
FY2022$2.6M
FY2023$2.4M
FY2024$2.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $4.5M Management & general 11% · $557K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$70,793Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Daphne Tichy’s $58K as Interim Executive Direcror is at the 6th percentile of top reported officer pay among 1246 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Randal Siers$20,867$70,793$75,687$73,666
Daphne Tichy$57,826———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sw Resources INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps people with disabilities find jobs and reach their full potential.

Questions for Sw Resources INC

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Provided by the organization

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3 programs · $4.5M · in their own filed words · FY2022
01

SW industries is the janitorial, warehouse and production and assembly departments. In these departments the organization does work for federal, state and commercial partners and uses those opportunities to train individuals for self sustaining employment. Industries employs over 237 people.

$3.7Mprogram expense
02

Mail provides bulk service mail services to commercial customers and non profits. The organization addresses, collates and posts direct mail pieces, catalogues, etc. Mail provides employment for 2 full time employees as well as training opportunities for others.

$420Kprogram expense
03

S/W graphics provides vocational rehabilitation and opportunities in graphic design and the application of graphics design. The organization works with commercial customers, other non profits and direct to consumer products and processes. Graphics provided employment for 7 clients and training opportunities for others.

$370Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$4.1M
Gifts and grantsLn 1h$345K
Other incomeLn 4–11$28K
Money outPt IX
$5.0M
Ln 25
Programscol B$4.5M
Managementcol C$557K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$176K
Total assetsLn 16$3.5M
LiabilitiesLn 26$892K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$345K
Government grantsLn 1e$299K
Fees for servicesLn 2g$4.1M
Investment incomeLn 3$3K
Other incomeLn 4–11$28K
Gains on assetsLn 7$3K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$149K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$176K
Land, buildings, equipmentLn 10c$2.4M
Other assetsLn 15$574K
Total assetsLn 16$3.5M
LiabilitiesLn 26$892K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 5373
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$475K$176K
Land, buildings, equipmentLn 10c$2.4M$2.4M
Total assetsLn 16$3.8M$3.5M
LiabilitiesLn 26$601K$892K
Net assetsLn 32$3.2M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$71K$71K
Other salaries and wagesLn 7$3.1M$3.1M$90K
Other employee benefitsLn 9$369K$331K$38K
Payroll taxesLn 10$361K$324K$37K
Legal feesLn 11b$220$220
Accounting feesLn 11c$22K$22K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$112K$112K
Advertising and promotionLn 12$2K$700$2K
Office expensesLn 13$290K$265K$25K
OccupancyLn 16$79K$79K
TravelLn 17$74K$70K$4K
Conferences, conventions and meetingsLn 19$18K$18K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$111K$110K$262
InsuranceLn 23$42K$42K
Other expenses (24a–d)Ln 24$304K$292K$12K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$5.0M$4.5M$557K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.4M$4.3M$87K$2.5M 990 PDF
FY2023 $4.4M$4.7M−$244K$2.4M 990 PDF
FY2022 Viewing $4.5M$5.0M−$531K$2.6M 990 PDF
FY2021 $5.1M$4.8M$244K$3.2M 990 PDF
FY2020 $4.8M$4.6M$181K$2.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $4,490,764 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $896,639$345,386
I-9 Program service revenuePrior year $4,185,422$4,114,757
I-10 Investment incomePrior year $3,586$2,781
I-11 Other revenuePrior year $0$27,840
I-12 Total revenuePrior year $5,085,647$4,490,764
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,802,982$3,943,955
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,038,457$1,077,971
I-18 Total expensesPrior year $4,841,439$5,021,926
I-19 Revenue less expensesPrior year $244,208−$531,162
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,490,764 across 8 lines filed
VIII-1e Government grants$299,163
VIII-1f All other contributions, gifts and grants$46,223
VIII-1h Total contributions, gifts and grants$345,386
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,114,757$4,114,757
VIII-3 Investment incomeExcluded from tax $68$68
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,713$2,713
VIII-8 Net income from fundraising eventsExcluded from tax $27,840$27,840
VIII-12 Total revenueRelated to mission $4,117,470 · Unrelated business $0 · Excluded from tax $27,908$4,490,764
Part IX · Statement of functional expenses $5,021,926 across 18 lines filed
IX-5 Pay of current officers, directors and key staffManagement $70,793$70,793
IX-7 Other salaries and wagesPrograms $3,053,434 · Management $89,552$3,142,986
IX-9 Other employee benefitsPrograms $331,315 · Management $37,722$369,037
IX-10 Payroll taxesPrograms $323,905 · Management $37,234$361,139
IX-11b Legal feesManagement $220$220
IX-11c Accounting feesManagement $21,600$21,600
IX-11f Investment management feesManagement $6,358$6,358
IX-11g Other fees for servicesManagement $111,623$111,623
IX-12 Advertising and promotionPrograms $700 · Management $1,725$2,425
IX-13 Office expensesPrograms $265,246 · Management $24,514$289,760
IX-16 OccupancyManagement $78,786$78,786
IX-17 TravelPrograms $69,512 · Management $4,050$73,562
IX-19 Conferences, conventions and meetingsPrograms $18,004$18,004
IX-20 InterestManagement $17,798$17,798
IX-22 Depreciation, depletion and amortizationPrograms $110,439 · Management $262$110,701
IX-23 InsuranceManagement $42,460$42,460
IX-24 Other expenses (24a–d)Programs $291,546 · Management $12,110$303,656
IX-24e All other expensesPrograms $1,018$1,018
IX-25 Total functional expensesPrograms $4,465,119 · Management $556,807 · Fundraising $0$5,021,926
Part X · Balance sheet $3,494,033 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $172,354$148,822
X-2 Savings and temporary cash investmentsStart of year $302,276$26,983
X-4 Accounts receivableStart of year $355,222$301,589
X-9 Prepaid expenses and deferred chargesStart of year $10,775$9,764
X-10c Land, buildings and equipment, netStart of year $2,356,127$2,433,208
X-15 Other assetsStart of year $606,111$573,667
X-16 Total assetsStart of year $3,802,865$3,494,033
X-17 Accounts payable and accrued expensesStart of year $200,973$440,202
X-25 Other liabilitiesStart of year $400,075$452,118
X-26 Total liabilitiesStart of year $601,048$892,320
X-27 Net assets without donor restrictionsStart of year $3,172,279$2,571,596
X-28 Net assets with donor restrictionsStart of year $29,538$30,117
X-32 Total net assets or fund balancesStart of year $3,201,817$2,601,713
X-33 Total liabilities and net assetsStart of year $3,802,865$3,494,033
Part XI · Reconciliation of net assets $2,601,713 net assets at year end
XI-1 Total revenue$4,490,764
XI-2 Total expenses$5,021,926
XI-3 Revenue less expenses−$531,162
XI-4 Net assets at start of year$3,201,817
XI-9 Other changes in net assets−$68,942
XI-10 Net assets at end of year$2,601,713

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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