philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Terrell Industries INC FY2022 filing

Tax-deductible

Hartselle, AL501(c)(3)Since 1986EIN 63-0929646Revenue $437K in FY2022

On file with the IRS107 Railroad St Sw, 35640-2534 · Hartselle, ALTax-exempt since Feb 1987Publicly supported — 509(a)(2)

Tell your story. Claim this org

Employs special needs and mentally handicapped individuals with jobs specializing in packaging, labeling, quality checking and assembly for Industries in and around morgan county, alabama.

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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $22K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$437K
+4% vs prior year
Spent
$453K
To programs
89%
Net assets
$324K
By yearFY2020–FY2025
Revenue
$437K
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$353K
FY2021$422K
FY2022$437K
FY2023$585K
FY2024$591K
FY2025$484K
Expenses
$453K
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$396K
FY2021$415K
FY2022$453K
FY2023$494K
FY2024$473K
FY2025$507K
Net assets
$324K
FY2022▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$334K
FY2021$341K
FY2022$324K
FY2023$415K
FY2024$532K
FY2025$510K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1987.

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% · $403K Management & general 11% · $50K

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

Something off? Claim to fix it

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
David Wood
Board Member
$0Pt VII · Sec A
Randy Barnes
Treasurer
$0Pt VII · Sec A
Leon Key
Board Member
$0Pt VII · Sec A
Gary Grantland
Board Member
$0Pt VII · Sec A
Ron Grantland
Board Member
$0Pt VII · Sec A
Todd Bennich
President
$0Pt VII · Sec A
Angel Rollins
Secretary
$0Pt VII · Sec A
Eddie Turrentine
Board Member
$0Pt VII · Sec A
See Terrell Industries INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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 15aNo

Programs and updates

Provides jobs in packaging, labeling, and assembly for individuals with special needs.

Questions for Terrell Industries INC

Tap to ask. Terrell Industries INC sees how many people are interested.

Your first name shows with your question. Terrell Industries INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $403K · in their own filed words · FY2022
01

Provide employment to 44-59 mentally handicapped individuals. Primary activities consists of assembling coat hangers, rubber door insulation, refrigeration insulation, and other various manufacturing related contracts.

$403Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$437K
Ln 12
Fees for servicesLn 2g$424K
Gifts and grantsLn 1h$13K
Investment incomeLn 3$17
Money outPt IX
$453K
Ln 25
Programscol B$403K
Managementcol C$50K
Owns and owesPt X
$324K
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$326K
LiabilitiesLn 26$2K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13K
Fees for servicesLn 2g$424K
Investment incomeLn 3$17
Total revenueLn 12$437K
Assets in detailPt X, end of year
CashLn 1$167K
Cash and savings togetherLn 1–2$167K
Land, buildings, equipmentLn 10c$120K
Total assetsLn 16$326K
LiabilitiesLn 26$2K
Net assetsLn 32$324K
OperationsPt I, VI
EmployeesI 526
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$178K$167K
Land, buildings, equipmentLn 10c$136K$120K
Total assetsLn 16$343K$326K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$341K$324K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$321K$289K$32K
Other employee benefitsLn 9$31K$28K$3K
Payroll taxesLn 10$26K$23K$3K
Legal feesLn 11b$2K$2K
Advertising and promotionLn 12$96$96
Office expensesLn 13$4K$3K$1K
Information technologyLn 14$1K$1K
OccupancyLn 16$6K$6K
TravelLn 17$6K$6K$625
InterestLn 20$168$168
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$14K$5K$9K
Other expenses (24a–d)Ln 24$13K$13K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$453K$403K$50K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $484K$507K−$23K$510K 990 PDF
FY2024 $591K$473K$117K$532K 990 PDF
FY2023 $585K$494K$91K$415K 990 PDF
FY2022 Viewing $437K$453K−$17K$324K 990 PDF
FY2021 $422K$415K$7K$341K 990 PDF
FY2020 $353K$396K−$43K$334K 990 PDF

More to add? Claim this org

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 $436,711 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $65,928$12,614
I-9 Program service revenuePrior year $355,793$424,080
I-10 Investment incomePrior year $98$17
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $421,819$436,711
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 $344,120$377,580
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $70,501$75,716
I-18 Total expensesPrior year $414,621$453,296
I-19 Revenue less expensesPrior year $7,198−$16,585
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $436,711 across 5 lines filed
VIII-1f All other contributions, gifts and grants$12,614
VIII-1h Total contributions, gifts and grants$12,614
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $424,080$424,080
VIII-3 Investment incomeRelated to mission $17$17
VIII-12 Total revenueRelated to mission $424,097 · Unrelated business $0 · Excluded from tax $0$436,711
Part IX · Statement of functional expenses $453,296 across 14 lines filed
IX-7 Other salaries and wagesPrograms $288,985 · Management $32,110$321,095
IX-9 Other employee benefitsPrograms $27,781 · Management $3,087$30,868
IX-10 Payroll taxesPrograms $23,055 · Management $2,562$25,617
IX-11b Legal feesManagement $1,500$1,500
IX-12 Advertising and promotionPrograms $96$96
IX-13 Office expensesPrograms $2,604 · Management $1,133$3,737
IX-14 Information technologyPrograms $1,065$1,065
IX-16 OccupancyPrograms $6,480$6,480
IX-17 TravelPrograms $5,627 · Management $625$6,252
IX-20 InterestPrograms $168$168
IX-22 Depreciation, depletion and amortizationPrograms $25,060$25,060
IX-23 InsurancePrograms $5,053 · Management $9,223$14,276
IX-24 Other expenses (24a–d)Programs $12,820$12,820
IX-24e All other expensesPrograms $4,262$4,262
IX-25 Total functional expensesPrograms $403,056 · Management $50,240 · Fundraising $0$453,296
Part X · Balance sheet $326,014 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $177,875$167,301
X-4 Accounts receivableStart of year $29,141$38,238
X-10c Land, buildings and equipment, netStart of year $136,135$120,475
X-16 Total assetsStart of year $343,151$326,014
X-17 Accounts payable and accrued expensesStart of year $2,381$1,829
X-26 Total liabilitiesStart of year $2,381$1,829
X-32 Total net assets or fund balancesStart of year $340,770$324,185
X-33 Total liabilities and net assetsStart of year $343,151$326,014
Part XI · Reconciliation of net assets $324,185 net assets at year end
XI-1 Total revenue$436,711
XI-2 Total expenses$453,296
XI-3 Revenue less expenses−$16,585
XI-4 Net assets at start of year$340,770
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$324,185

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.