Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
EIN 35-6005617 • 501(c)3 • Columbia City, IN
Profile
The primary purpose of Passages, Inc. is to join with others to support people with intellectual and/or developmental disabilities to living, learning, working, and socializing in the community through the use of quality practices.
Refreshing map…
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Liabilities / Revenue
10th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
73rd percentile
Higher net margin than 73% of similar nonprofits.
Top Officer Pay
74th percentile
Higher top officer pay than 74% of similar nonprofits.
Top officer pay equals 2.5% of source-year revenue.
Asset Growth
1st percentile
Faster asset growth than 1% of similar nonprofits.
Revenue Growth
16th percentile
Faster revenue growth than 16% of similar nonprofits.
Assets
Down$0
Down $4,421,167 (-100%) from 2020
Liabilities
Down$0
Down $1,055,844 (-100%) from 2020
Net Assets
Down$0
Down $3,365,323 (-100%) from 2020
Revenue
Down$4,886,280
Down $955,299 (-16%) from 2020
Expenses
Down$3,924,233
Down $2,148,488 (-35%) from 2020
Net Income
Up$962,047
Up $1,193,189 (+516%) from 2020
Most recent year
2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The primary purpose of Passages, Inc. is to join with others to support people with intellectual and/or developmental disabilities to living, learning, working, and socializing in the community through the use of quality practices.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,648,795 | $0 | ▼ $1,648,795 |
| Savings and Temporary Cash Investments | $1,259,374 | - | - |
| Investments in Publicly Traded Securities | $1,001,253 | - | - |
| Accounts Receivable | $450,573 | - | - |
| Prepaid Expenses and Deferred Charges | $49,085 | - | - |
| Cash and Non-Interest-Bearing Accounts | $12,087 | - | - |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $4,421,167 | $0 | ▼ $4,421,167 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $797,415 | $0 | ▼ $797,415 |
| Accounts Payable and Accrued Expenses | $244,363 | - | - |
| Deferred Revenue | $14,066 | - | - |
| Other Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $1,055,844 | $0 | ▼ $1,055,844 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,365,323 | - | - |
| Total Net Assets Fund Balance | $3,365,323 | $0 | ▼ $3,365,323 |
| Total Liabilities and Net Assets / Fund Balance | $4,421,167 | $0 | ▼ $4,421,167 |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2020 | $1,001,253 | $9,770 | ▲ $208,429 | - | $1,219,452 |
| 2019 | $948,620 | $32,303 | ▲ $20,330 | - | $1,001,253 |
| 2018 | $891,497 | $41,835 | ▲ $15,288 | - | $948,620 |
| 2017 | $814,003 | $53,707 | ▲ $23,787 | - | $891,497 |
| 2016 | $714,409 | $37,859 | ▲ $61,735 | - | $814,003 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| - | President, CEO | FT | $117,712 | $3,567 | $121,279 |
| - | CFO | FT | $74,765 | $12,503 | $87,268 |
| Name | Title |
|---|---|
| - | Chair |
| - | Immediate Past Chair |
| - | Vice Chair |
| - | Board Member |
| - | Board Member- partial year |
| - | Board Memeber |
| - | Secretary |
| - | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $3,073,376 |
| Other Expenses | $850,857 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,966,423 | $371,795 | - | $2,338,218 |
| Other Employee Benefits | $246,830 | $92,052 | - | $338,882 |
| Payroll Taxes | $170,044 | $50,674 | - | $220,718 |
| Current Officers, Directors, Trustees, and Key Employees | - | $140,055 | $0 | $140,055 |
| Depreciation Depletion | $124,459 | $12,860 | - | $137,319 |
| Occupancy | $100,631 | $15,694 | - | $116,325 |
| All Other Expenses | $27,236 | $56,966 | $0 | $84,202 |
| Fees for Services Accounting | $7,500 | $43,706 | - | $51,206 |
| Pension Plan Contributions | $31,943 | $3,560 | - | $35,503 |
| Insurance | $356 | $32,394 | - | $32,750 |
| Travel | $29,306 | $2,211 | - | $31,517 |
| Information Technology | $24,311 | $5,454 | - | $29,765 |
| Royalties | $10,027 | $11,190 | - | $21,217 |
| Advertising | $5,759 | $4,988 | - | $10,747 |
| Other Expenses | $9,591 | $140 | - | $9,731 |
| Interest | $2,113 | $744 | - | $2,857 |
| Fees for Services Legal | $0 | $576 | - | $576 |
| Total Functional Expenses | $2,976,750 | $947,483 | $0 | $3,924,233 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $3,962,316 |
| Expenses per Audited Statements | $3,924,233 |
| Total Expenses per Form 990 | $3,924,233 |
| Expenses Not Reported on Form 990 | $38,083 |
| Expenses Not Reported on Financial Statements | $0 |
| Other Expense Adjustments | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
“The Executive Committee shall consist of the chairperson, vice-chairperson, treasurer, and secretary of the Board of Directors and one at large member selected from the Board of Directors. The Executive Committee shall exercise all powers of the Board of Directors between meetings.”
“The form 990 is reviewed by the President and COO. In addition, a copy of the Form 990 is provided to every member of the governing body before it is filed.”
“All officers and directors are required annually to sign a conflict of interest statement listing any potential or existing conflicts of interest. The signed conflict of interest statements are reviewed by the President who then gives them to the administrative coordinator to file. If any conflicts of interest are disclosed, they are reported to the board president. Any board member with an actual or potential conflict of interest will abstain from voting on decisions related to the conflict of interest.”
“The compensation of the President is determined by the organization's board of directors. The board uses comparability data to ensure compensation is reasonable. The process and decision are documented in the board minutes. This process was last undertaken in 2020.”
“Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.”
“(Expenses $ 112,511 including grants of $)(Revenue $ 122,059) THE ORGANIZATION'S CLIENTS PERFORM JANITORIAL SERVICES AT REST AREAS, WHICH PROVIDES JOB TRAINING AND EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH CHALLENGES AND/OR DISABILITIES.”
“Transfer of Assets to Easterseals Arc of NW IN - 501(C)3 - -4454509;”
“The endowment funds are intended to support the operations and programs of Passages, Inc.”
“The Organization has been granted exemption from taxation as a not-for-profit organization under Section 501(c)(3) of the U.S. Internal Revenue Code. Accordingly, no expense has been recognized for income taxes in the accompanying financial statements. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. No effect occurred on the Organization's financial statements. Due to its tax-exempt status, the Organization is not subject to the U.S. federal income tax or state income tax. The organization's Form 990 has not been subject to examination by the Internal Revenue Service or the state of Indiana for the last three years. The Organization does not expect that the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Organization recognizes interest and/or penalties related to income tax matters in income tax expense. The Organization did not have any amounts accrued for interest and penalties at February 28, 2021 and June 30, 2020.”
“RENTAL EXPENSE - 38083”
“Rental Expense - 38083”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | COMMUNITY SUPPORT-THE ORGANIZATION PROVIDES INDIVIDUALIZED SUPPORT UP TO 24 HOURS PER DAY 7 DAYS A WEEK TO PERSONS WITH DISABILITIES TO LIVE AND INTERACT INDEPENDENTLY IN THE COMMUNITY. TRAINING IS PROVIDED IN MONEY MANAGEMENT, SHOPPING, PERSONAL GROOMING, HEALTH CARE, HOME MAINTENANCE AND SAFETY, SOCIALIZATION SKILLS, RECREATION AND LEISURE, AND INTERACTION IN THE COMMUNITY. FORTY ONE INDIVIDUALS WERE SERVED IN THIS PROGRAM. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | President, CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | CFO |
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| IRS990/MissionDesc | 0 | The primary purpose of Passages, Inc. is to join with others to support people with intellectual and/or developmental disabilities to living, learning, working, and socializing in the community through the use of quality practices. |
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| IRS990/OtherExpensesGrp/Desc | 0 | OTHER SUPPLIES |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RESIDENTIAL |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | DAY PROGRAM FEES |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | RESIDENTIAL GROUP HOMES PROVIDE 24 HOUR SUPPORT 7 DAYS A WEEK TO 25 INDIVIDUALS WITH DISABILITIES PER GROUP HOME SETTING TO LIVE AND INTERACT IN THE COMMUNITY. TRAINING IS PROVIDED IN MONEY MANAGEMENT, SHOPPING, PERSONAL GROOMING, HEALTH CARE, HOME MAINTENANCE AND SAFETY, SOCIALIZATION SKILLS, RECREATION AND LEISURE, INTERACTION IN THE COMMUNITY. TWENTY-SIX INDIVIDUALS WERE SERVED IN RESIDENTIAL GROUP HOME SETTINGS. |
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| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 1406498 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | CLC TRAINING IS DESIGNED TO HELP INDIVIDUALS WITH DISABILITIES WITH PERSONAL DEVELOPMENT AND SKILLS. THE GOAL IS TO HELP INDIVIDUALS REACH A GREATER LEVEL OF PERSONAL INDEPENDENCE WHILE ACHIEVING COMMUNICATION AND SOCIAL SKILLS. 94 INDIVIDUALS WERE SERVED THROUGHOUT THE YEAR. |
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| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 284441 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | THE ORGANIZATION'S CLIENTS PERFORM JANITORIAL SERVICES AT REST AREAS, WHICH PROVIDES JOB TRAINING AND EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH CHALLENGES AND/OR DISABILITIES. |
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