Professional Contract Services INC FY2021 filing

Tax-deductible

Austin, TX501(c)(3)Since 1996Human ServicesEIN 74-2786094Revenue $154.1M in FY2021

On file with the IRSpcsi.org718 W Fm 1626 Bldg 100, 78748-3820 · Austin, TXTax-exempt since May 1997Publicly supported — 509(a)(2)

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Mission: enhance the lives of people with disabilities through employment, advocacy, partnerships and innovation.see schedule o for the vision.vision: - the nation's premier non-profit of its kind, a model of balancing business acumen with social responsibility. - known to all people with disabilities and their families as the most compassionate and capable source of employment and workplace advocacy in the country. - known to local, state, and federal government entities nationwide as champions of fairness and the conscience of full inclusion for the people we serve. - known to customers and potential customers as the preferred source for a superior Services workforce. - led and staffed by passionate, mission-focused members of a team who are actively proud of their organization and committed to taking care of each other while improving the lives of others.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$4.9M 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

FY2021 · 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
5 of 5
filings with a surplus
Average surplus $15.9M a year · 9% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.9M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $66K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24.6M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$154.1M
Spent
$144.1M
To programs
88%
Net assets
$122.3M
By yearFY2021–FY2025
Revenue
$154.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$154.1M
FY2022$164.8M
FY2023$166.5M
FY2024$202.4M
FY2025$246.1M
Expenses
$144.1M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$144.1M
FY2022$150.0M
FY2023$159.8M
FY2024$180.4M
FY2025$219.8M
Net assets
$122.3M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$122.3M
FY2022$120.9M
FY2023$134.4M
FY2024$166.8M
FY2025$204.0M

From the FY2021 Form 990 (year ending June 2021) · 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: FY2025. IRS ruling in May 1997.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $126.2M Management & general 12% · $17.8M

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

28 people listed on the 990; $4.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/CEO (retired 4/5/21)
$542,877Pt VII · Sec A
Senior VP of Business Development
$326,359Pt VII · Sec A
Treasurer/CFO
$312,859Pt VII · Sec A
VP/General Counsel
$306,754Pt VII · Sec A
Sec/VP Contracts, IT, Quality, Safety
$297,092Pt VII · Sec A
Director of IT
$233,295Pt VII · Sec A
Director of Human Resource
$232,070Pt VII · Sec A
Director of Rehabilitation
$228,669Pt VII · Sec A

Cucolo III Anthony a’s $785K as President & CEO is at the 88th percentile of top reported officer pay among 249 $100M+ human services 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Cucolo III Anthony a$784,723$572,524$534,674$289,942—
Schubert Carroll W$48,995$32,800$31,875$8,584$542,877
Walker William K$445,989$336,066$352,014$338,270—
Jones Mark K$441,823$343,388$359,259$322,695$312,859
Barbosa Eric$438,592$337,063$354,532$323,244$306,754
Cannon Charles C$411,825$303,336$304,067$242,871$219,463
Ferguson Vanessa$404,480$289,943$301,872$250,689$228,669
Cloud Michael K$388,533$277,321$339,771$309,818—

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.

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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

Empowers people with disabilities through jobs, advocacy, and community partnerships.

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Provided by the organization

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1 program · $126.2M · in their own filed words · FY2020
01

The organization contracts with state and federal agencies through sourceamerica and tibh industries, inc. The income and jobs from these sources are then used to provide training, education and employment opportunities to disabled individuals.

$126.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
SourceamericaFY2024$66K
Total grants receivedfrom 1 funder$66K
Grants paid · 169 grants · $4.5M · 2020–2024
Unitemized GrantFY2024$225,732
Special Olympics Texas INCTX · FY2024$207,500
Morgan's WonderlandTX · FY2024$100,000
Unitemized GrantFY2024$70,000
Motorcycle MissionsTX · FY2024$60,000
Imagine a WayTX · FY2024$40,000
Mineral Wells Center of LifeTX · FY2024$30,000
The Rosedale Foundation INCTX · FY2024$25,000
Down Home Ranch INCTX · FY2024$25,000
Houston Sw Vet CenterFY2024$20,000
Hope HouseTX · FY2024$20,000
See all 169 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$154.1M
Ln 12
Fees for servicesLn 2g$151.6M
Investment incomeLn 3$2.4M
Other incomeLn 4–11$123K
Money outPt IX
$144.1M
Ln 25
Programscol B$126.2M
Managementcol C$17.8M
Owns and owesPt X
$122.3M
net assets · Ln 32
Cash and savingsLn 1–2$8.0M
Total assetsLn 16$146.9M
LiabilitiesLn 26$24.6M
PeoplePt VI, VII
28
listed · VII A
PaidVII A27
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$151.6M
Investment incomeLn 3$2.4M
Other incomeLn 4–11$123K
Gains on assetsLn 7$1.6M
Total revenueLn 12$154.1M
Assets in detailPt X, end of year
CashLn 1$5.9M
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$8.0M
InvestmentsLn 11–13$81.5M
Land, buildings, equipmentLn 10c$14.8M
Other assetsLn 15$22K
Total assetsLn 16$146.9M
LiabilitiesLn 26$24.6M
Net assetsLn 32$122.3M
OperationsPt I, VI
EmployeesI 52,480
VolunteersI 60
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$15.8M$8.0M
InvestmentsLn 11–13$64.2M$81.5M
Land, buildings, equipmentLn 10c$5.3M$14.8M
Total assetsLn 16$111.3M$146.9M
LiabilitiesLn 26$14.4M$24.6M
Net assetsLn 32$96.9M$122.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$451K$451K
Grants to domestic individualsLn 2$90K$90K
Pay of current officers, directors and key staffLn 5$5.2M$4.5M$685K
Other salaries and wagesLn 7$62.0M$53.0M$9.0M
Pension plan contributionsLn 8$5.2M$4.5M$734K
Other employee benefitsLn 9$13.7M$11.8M$1.9M
Payroll taxesLn 10$5.2M$4.6M$631K
Management feesLn 11a$948K$22K$927K
Legal feesLn 11b$374K$9K$366K
Accounting feesLn 11c$133K$3K$129K
Investment management feesLn 11f$362K$362K
Other fees for servicesLn 11g$32.0M$30.7M$1.4M
Advertising and promotionLn 12$51K$26K$25K
Office expensesLn 13$465K$352K$113K
Information technologyLn 14$154K$122K$31K
OccupancyLn 16$415K$350K$65K
TravelLn 17$672K$520K$151K
InterestLn 20$30K$30K
Depreciation, depletion and amortizationLn 22$924K$725K$199K
InsuranceLn 23$2.4M$1.8M$619K
Other expenses (24a–d)Ln 24$12.9M$12.6M$242K
All other expensesLn 24e$351K$145K$206K
Total functional expensesLn 25$144.1M$126.2M$17.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $246.1M$219.8M$26.2M$204.0M 990 PDF
FY2024 $202.4M$180.4M$21.9M$166.8M 990 PDF
FY2023 $166.5M$159.8M$6.6M$134.4M 990 PDF
FY2022 $164.8M$150.0M$14.8M$120.9M 990 PDF
FY2021 Viewing $154.1M$144.1M$10.1M$122.3M 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 FY2021 990 (6 parts)
Part I · Summary $154,114,280 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,000$0
I-9 Program service revenuePrior year $141,795,590$151,630,884
I-10 Investment incomePrior year $1,651,838$2,360,530
I-11 Other revenuePrior year $87,540$122,866
I-12 Total revenuePrior year $143,541,968$154,114,280
I-13 Grants and similar amounts paidPrior year $457,467$540,860
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $86,238,550$91,350,181
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $49,699,365$52,169,778
I-18 Total expensesPrior year $136,395,382$144,060,819
I-19 Revenue less expensesPrior year $7,146,586$10,053,461
Part VI · Governance 0 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
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 $154,114,280 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $151,630,884$151,630,884
VIII-3 Investment incomeExcluded from tax $777,608$777,608
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,582,922$1,582,922
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $122,866$122,866
VIII-12 Total revenueRelated to mission $151,753,750 · Unrelated business $0 · Excluded from tax $2,360,530$154,114,280
Part IX · Statement of functional expenses $144,060,819 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $451,200$451,200
IX-2 Grants to domestic individualsPrograms $89,660$89,660
IX-5 Pay of current officers, directors and key staffPrograms $4,485,443 · Management $684,675$5,170,118
IX-7 Other salaries and wagesPrograms $53,020,483 · Management $9,012,160$62,032,643
IX-8 Pension plan contributionsPrograms $4,476,954 · Management $733,591$5,210,545
IX-9 Other employee benefitsPrograms $11,763,605 · Management $1,923,531$13,687,136
IX-10 Payroll taxesPrograms $4,619,051 · Management $630,688$5,249,739
IX-11a Management feesPrograms $21,719 · Management $926,539$948,258
IX-11b Legal feesPrograms $8,574 · Management $365,783$374,357
IX-11c Accounting feesPrograms $3,035 · Management $129,476$132,511
IX-11f Investment management feesManagement $362,144$362,144
IX-11g Other fees for servicesPrograms $30,674,705 · Management $1,365,283$32,039,988
IX-12 Advertising and promotionPrograms $25,584 · Management $24,989$50,573
IX-13 Office expensesPrograms $352,214 · Management $112,635$464,849
IX-14 Information technologyPrograms $122,212 · Management $31,466$153,678
IX-16 OccupancyPrograms $350,217 · Management $65,021$415,238
IX-17 TravelPrograms $520,363 · Management $151,385$671,748
IX-20 InterestManagement $29,791$29,791
IX-22 Depreciation, depletion and amortizationPrograms $725,113 · Management $199,026$924,139
IX-23 InsurancePrograms $1,776,430 · Management $618,545$2,394,975
IX-24 Other expenses (24a–d)Programs $12,614,166 · Management $241,977$12,856,143
IX-24e All other expensesPrograms $145,108 · Management $206,278$351,386
IX-25 Total functional expensesPrograms $126,245,836 · Management $17,814,983 · Fundraising $0$144,060,819
Part X · Balance sheet $146,909,763 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $10,659,649$5,885,122
X-2 Savings and temporary cash investmentsStart of year $5,146,767$2,127,505
X-4 Accounts receivableStart of year $25,272,128$41,371,692
X-9 Prepaid expenses and deferred chargesStart of year $734,593$1,247,872
X-10c Land, buildings and equipment, netStart of year $5,277,255$14,776,218
X-11 Publicly traded securitiesStart of year $48,870,857$63,445,866
X-12 Other securitiesStart of year $15,306,157$18,033,481
X-15 Other assetsStart of year $32,918$22,007
X-16 Total assetsStart of year $111,300,324$146,909,763
X-17 Accounts payable and accrued expensesStart of year $13,989,583$16,842,493
X-25 Other liabilitiesStart of year $421,016$178,934
X-26 Total liabilitiesStart of year $14,410,599$24,561,569
X-27 Net assets without donor restrictionsStart of year $96,889,725$122,348,194
X-32 Total net assets or fund balancesStart of year $96,889,725$122,348,194
X-33 Total liabilities and net assetsStart of year $111,300,324$146,909,763
Part XI · Reconciliation of net assets $122,348,194 net assets at year end
XI-1 Total revenue$154,114,280
XI-2 Total expenses$144,060,819
XI-3 Revenue less expenses$10,053,461
XI-4 Net assets at start of year$96,889,725
XI-5 Net unrealized gains (losses) on investments$15,405,008
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$122,348,194

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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