Civic Intelligence

Sourceamerica

990 • Fiscal year 2015 • EIN 52-1007153

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 05, 2016

8401 Old Courthouse RoadVienna, VA 22182

(703) 560-6800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.22x

Higher debt load relative to assets than 38% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

16th percentile

0.14x

Higher debt load relative to revenue than 16% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

32nd percentile

0.2%

Higher net margin than 32% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

33rd percentile

-0.9%

Faster asset growth than 33% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

20th percentile

-8.0%

Faster revenue growth than 20% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Down

$87,164,346

Down $781,050 (-0.9%) from 2014

Net Assets

Down

$67,643,709

Down $2,902,277 (-4.1%) from 2014

Liabilities

Up

$19,520,637

Up $2,121,227 (+12%) from 2014

Revenue

Down

$142,947,694

Down $12,423,822 (-8.0%) from 2014

Expenses

Down

$142,596,897

Down $12,354,218 (-8.0%) from 2014

Net Income

Down

$350,797

Down $69,604 (-17%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $76,649,646Liabilities 2010: $10,477,749Net Assets 2010: $66,171,8972010Assets 2011: $75,604,582Liabilities 2011: $10,402,728Net Assets 2011: $65,201,8542011Assets 2012: $81,347,401Liabilities 2012: $14,729,807Net Assets 2012: $66,617,5942012Assets 2013: $83,278,116Liabilities 2013: $13,296,338Net Assets 2013: $69,981,7782013Assets 2014: $87,945,396Liabilities 2014: $17,399,410Net Assets 2014: $70,545,9862014Assets 2015: $87,164,346Liabilities 2015: $19,520,637Net Assets 2015: $67,643,7092015Assets 2016: $84,316,350Liabilities 2016: $15,871,104Net Assets 2016: $68,445,2462016Assets 2017: $82,854,526Liabilities 2017: $14,609,412Net Assets 2017: $68,245,1142017Assets 2018: $93,446,046Liabilities 2018: $22,296,536Net Assets 2018: $71,149,5102018Assets 2019: $100,713,780Liabilities 2019: $18,044,229Net Assets 2019: $82,669,5512019Assets 2020: $122,990,438Liabilities 2020: $29,735,215Net Assets 2020: $93,255,2232020Assets 2021: $137,455,803Liabilities 2021: $18,483,618Net Assets 2021: $118,972,1852021Assets 2022: $134,198,819Liabilities 2022: $16,035,072Net Assets 2022: $118,163,7472022Assets 2023: $155,152,091Liabilities 2023: $25,890,201Net Assets 2023: $129,261,8902023

Highlighted filing

2015

Assets$87,164,346
Liabilities$19,520,637
Net Assets$67,643,709

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $67,140,8002010Expenses 2011: $76,702,1662011Revenue 2012: $108,121,968Expenses 2012: $109,489,286Net Income 2012: -$1,367,3182012Expenses 2013: $119,473,7132013Revenue 2014: $155,371,516Expenses 2014: $154,951,115Net Income 2014: $420,4012014Revenue 2015: $142,947,694Expenses 2015: $142,596,897Net Income 2015: $350,7972015Revenue 2016: $151,220,014Expenses 2016: $152,149,604Net Income 2016: -$929,5902016Revenue 2017: $140,756,425Expenses 2017: $142,211,625Net Income 2017: -$1,455,2002017Revenue 2018: $163,072,829Expenses 2018: $159,823,800Net Income 2018: $3,249,0292018Revenue 2019: $159,889,583Expenses 2019: $148,370,910Net Income 2019: $11,518,6732019Revenue 2020: $157,831,452Expenses 2020: $147,764,265Net Income 2020: $10,067,1872020Revenue 2021: $188,627,883Expenses 2021: $168,511,963Net Income 2021: $20,115,9202021Revenue 2022: $176,485,645Expenses 2022: $162,812,403Net Income 2022: $13,673,2422022Revenue 2023: $197,524,732Expenses 2023: $192,884,701Net Income 2023: $4,640,0312023

Highlighted filing

2015

Revenue$142,947,694
Expenses$142,596,897
Net Income$350,797
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 5, 2016
Return Version
2014v6.0
Gross Receipts
$158,325,316
Mission and Program Overview

Mission

Provide employment choices for individuals with disabilities through the nonprofit agency community.

Create employment opportunities and choice for people with significant disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$36,600,856$34,174,305▼ $2,426,551
Investments in Publicly Traded Securities$29,981,070$25,817,590▼ $4,163,480
Land, Buildings, and Equipment, Net$12,684,561$11,648,326▼ $1,036,235
Savings and Temporary Cash Investments$1,101,031$8,044,863▲ $6,943,832
Other Notes and Loans Receivable, Net$3,096,432$2,981,535▼ $114,897
Prepaid Expenses and Deferred Charges$1,613,661$1,881,673▲ $268,012
Investments Other Securities$2,384,590$1,487,571▼ $897,019
Inventories for Sale or Use-$581,672-
Total Assets$87,945,396$87,164,346▼ $781,050
Other Assets Total$483,195$546,811▲ $63,616
Liabilities
Accounts Payable and Accrued Expenses$14,588,644$16,628,082▲ $2,039,438
Other Liabilities$2,810,766$2,892,555▲ $81,789
Total Liabilities$17,399,410$19,520,637▲ $2,121,227
Net Assets / Fund Balance
Unrestricted Net Assets$70,545,986$67,643,709▼ $2,902,277
Total Net Assets Fund Balance$70,545,986$67,643,709▼ $2,902,277
Total Liabilities and Net Assets / Fund Balance$87,945,396$87,164,346▼ $781,050

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,010,016$6,669,613$12,679,629
Other Land Buildings$3,296,467$5,632,751$8,929,218
Equipment$383,315$2,163,624$2,546,939
Land$1,958,528-$1,958,528
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
E Robert ChamberlinPresident and CEOFT$378,059$61,911$439,970
Dennis FieldsChief Operating OfficerFT$279,593$48,638$328,231
Martin WilliamsVice President - RegionalFT$203,158$62,402$265,560
David DubinskyExecutive DirectorFT$195,910$55,934$251,844
Elizabeth GoodmanChief Financial OfficerFT$198,133$45,640$243,773
Martin GerryVice PresidentFT$212,868$26,849$239,717
Sally GamettChief Information OfficerFT$209,629$24,583$234,212
Richard GazawayExecutive DirectorFT$179,121$52,564$231,685
Matthew BatesVice President - HrFT$184,147$44,984$229,131
Robert CareyControllerFT$165,038$52,594$217,632
Deborah AtkinsonExecutive DirectorFT$178,007$33,341$211,348
Sally HendersonExecutive DirectorFT$168,254$41,199$209,453
Nancyellen GentileVice President of CorporatFT$173,835$25,818$199,653

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
The Ginn Group INCSubcontracted Building Maintenance Servi200 WESTPARK DRIVE STE 100, Peachtree, GA 30269$32,622,620
Ready One IndustriesSubcontracted Manufacturing Of R&d Produ1414 ALLEN BRADLEY, El Paso, TX 79936$8,172,726
Winston-salem Ind Ft BlindSubcontracted Manufacturing Of R&d ProduPO BOX 890225, Charlotte, NC 28289$6,022,834
Southeastern Kentucky RehabSubcontracted Manufacturing Of R&d ProduPO BOX 1692, Corbin, KY 40702$5,249,187
Cw Resources INCSubcontracted Manufacturing Of R&d Produ200 MYRTLE ST, New Britain, CT 06053$4,675,959
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$140,126,423
Investment Income
$2,612,733
Other Revenue
$208,538
Change in Net Assets
$350,797

Audited Revenue Reconciliation

Revenue per Audited Statements
$84,657,310
Revenue Not Reported on Financial Statements
$58,290,384
Revenue Not Reported on Form 990
$-3,253,074
Other Revenue Adjustments
$58,290,384
Total Revenue per Audited Statements
$81,404,236
Total Revenue per Form 990
$142,947,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,839,405
Salaries, Compensation, and Employee Benefits$48,057,093
Grants and Similar Amounts Paid$2,700,399
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$30,513,531$2,914,964-$33,428,495
Fees for Services Other$6,486,122$430,144-$6,916,266
Information Technology$6,364,157$289,155-$6,653,312
Other Employee Benefits$5,720,626$578,035-$6,298,661
Travel$4,571,118$289,509-$4,860,627
Pension Plan Contributions$2,720,187$260,047-$2,980,234
Current Officers, Directors, Trustees, and Key Employees$1,552,963$1,253,474-$2,806,437
Grants to Domestic Orgs$2,700,399--$2,700,399
Fees for Services Legal$22,689$2,601,529-$2,624,218
Payroll Taxes$2,263,507$279,759-$2,543,266
Advertising$2,288,858--$2,288,858
Occupancy$2,122,887$157,165-$2,280,052
Conferences and Meetings$1,805,019$149,699-$1,954,718
Office Expenses$1,736,454$150,406-$1,886,860
Depreciation Depletion$1,348,279$159,507-$1,507,786
Insurance$520,642$79,096-$599,738
Fees for Services Lobbying$351,054--$351,054
Other Expenses$243,734$176,421-$243,734
Fees for Services Accounting-$227,551-$227,551
Fees for Service Investment Mgmnt Fees-$139,094-$139,094
Total Functional Expenses$132,461,342$10,135,555$0$142,596,897

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$142,596,897
Expenses per Audited Statements$84,306,513
Total Expenses per Audited Statements$84,306,513
Expenses Not Reported on Financial Statements$58,290,384
Other Expense Adjustments$58,290,384
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pioneer Adult Rehab CtrClearfield, UT501(c)(3)Informed Choice Grant$600,000
Jewish Vocational ServiceSouthfield, MI501(c)(3)INFORMED CHOICE GRANT; MANAGEMENT ASSISTANCE GRANT$266,494
Work IncDorchester, MA501(c)(3)Informed Choice Grant$250,000
Trustees of Dartmouth CollegeHanover, NH501(c)(3)Informed Choice Grant$195,134
Cerebral Palsy ResearchWichita, KS501(c)(3)Sourceamerica Institute/ Financial /benefits Counseling Pilot$115,040
Bh Services IncEllsworth Afb, SD501(c)(3)IDEAS TO WORK GRANTS(SBD); MANAGEMENT ASSISTANCE GRANT$111,101
Blue SolutionsAustin, TX501(c)(3)Ideas to Work Grants(sbd)$100,000
Beacon Group Sw IncTuscon, AZ501(c)(3)IDEAS TO WORK GRANTS(SBD); MANAGEMENT ASSISTANCE GRANT$95,807
Abilities Inc of FloridaClearwater, FL501(c)(3)Ideas to Work Grants(sbd)$50,000
Hhi Services IncSan Antonio, TX501(c)(3)Management Assistance Grant$40,310
Skookum Educational ProgramsBremerton, WA501(c)(3)Management Assistance Grant$34,476
Didlake IncManassas, VA501(c)(3)MANAGEMENT ASSISTANCE GRANT; QWE GRANT$29,500
Pride IndustriesRoseville, CA501(c)(3)Management Assistance Grant$28,326
Goodwill Ind Central VirginiaRichmond, VA501(c)(3)Management Assistance Grant$22,000
Servicesource IncAlexandria, VA501(c)(3)Management Assistance Grant$22,000
Goodwill Ind San AntonioSan Antonio, TX501(c)(3)Management Assistance Grant$21,698
Goodwill of Greater WashingtonWashington, DC501(c)(3)Management Assistance Grant$11,576
Goodwill Specialty Svcs IncOmaha, NE501(c)(3)Management Assistance Grant$10,541
Goodwill Industrial ServicesColorado Springs, CO501(c)(3)MANAGEMENT ASSISTANCE GRANT; MEDICAL DOCUMENTATION GRANT$10,034
New Ventures Enterprises IncLagrange, GA501(c)(3)QWE GRANTS; EMPLOYEE RESEARCH SYSTEM GRANT$8,490
Crossroads Diversified SvcsSacramento, CA501(c)(3)Management Assistance Grant$7,833
Challenge UnlimitedAlton, IL501(c)(3)Qwe Grants$7,500
Chesapeake Bay IndustriesEaston, MD501(c)(3)Qwe Grants$7,500
Goodwill Ind KentuckyLouisville, KY501(c)(3)Qwe Grants$7,500
Liferoots IncAlbuquerque, NM501(c)(3)Qwe Grants$7,500
Los Angeles Habilitation HouseLong Beach, CA501(c)(3)Qwe Grants$7,500
Louise W Eggleston Ctr IncNorfolk, VA501(c)(3)Qwe Grants$7,500
Louisiana Ind for the DisabledBaton Rouge, LA501(c)(3)Qwe Grants$7,500
Power Works Industries IncColumbus, GA501(c)(3)Qwe Grants$7,500
Dale Rogers Training CtrOklahoma City, OK501(c)(3)Qwe Grants$7,245
Challenge Enterprises of N FlGreen Cove Springs, FL501(c)(3)Management Assistance Grant$6,154
Northwest Community Action PrgCasper, WY501(c)(3)Management Assistance Grant$5,259
Cascade ConnectionsBellingham, WA501(c)(3)Management Assistance Grant$5,248
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Postretirement Benefit Obligation$2,130,101
457b Deferred Compensation Plan$416,160
Deferred Rent$346,294
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The 990 is provided to the full sourceamerica board generally 30 days in advance for review and approval before it is executed and filed by the organization's chief financial officer.

Form 990, Part VI, Section B, Line 12C

All members of the board of directors must file an annual disclosure statement, revealing all conflicts of interest. The sourceamerica board of directors adopted a code of conduct policy that all board members must abide by. Conflict of interest is covered in the sourceamerica employee handbook. All sourceamerica employees must file a conflict of interest statement with human resources annually, and also within 10 days of hire. The sourceamerica employee handbook provides appropriate guidance regarding conflict of interest, including definition, illustrative examples of conflict, permitted investments, and how to disclose any questionable transactions for review.

Form 990, Part VI, Section B, Line 15

The sourceamerica executive compensation committee and the board sets and approves the compensation of the ceo. The ceo approves the compensation for all other disqualified persons as defined by irs code, section 4958 f(1). This sourceamerica executive compensation committee obtains compensation comparability data for the ceo and other disqualified positions. The comparability data is generally provided by an expert in compensation and is based on industry surveys, documented compensation of persons holding similar positions in similar organizations, expert's own compensation studies, and other comparable data. The executive compensation committee reviews all compensation of disqualified individuals to ensure no excess benefit has occurred. The committee's deliberation and final vote excludes any person(s) whose compensation is being approved or any other board member with a conflict of interest. The executive compensation committee documents the basis for its determination with concurrent approval from the full board of directors. The organization's documentation contains the following: (1) the terms of the approved transaction and the date approved; (2) the members of the executive compensation committee who were present during the debate on the transaction that was approved and those that voted on it; (3) the comparability data that was relied on by the executive compensation committee and how the data was obtained, and (4) any actions by a member of the executive compensation committee having a conflict of interest. All documentation must be prepared before the later of the next meeting of the executive compensation committee or 60 days after the final actions of the organization's board of directors. In addition, the executive compensation committee must approve the documentation by the next board meeting.

Form 990, Part VI, Section C, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sourceamerica
EIN
52-1007153
Phone
7035606800
Address
8401 OLD COURTHOUSE ROAD, VIENNA, VA 22182

Signing Officer

Name
Elizabeth Goodman
Title
CFO
Phone
7035606800
Signed
2016-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven L Soroka
Formed
1974
Legal Domicile
Dc
Voting Board Members
25
Independent Board Members
25
Employees
421
Volunteers
31

Preparer

Firm
Calibre CPA Group Pllc
Address
7501 WISCONSIN AVENUE SUITE 1200, WEST, BETHESDA, MD 20814
Preparer
Joann Woodson CPA
Phone
2023319880
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Sourceamerica follows the authoritative guidance to accounting for uncertainty in income taxes included in accounting standards related to accounting standards codification (asc) topic income taxes. This standard provides consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. Sourceamerica performed an evaluation of uncertain tax positions and determined that there were no matters that would require recognition in the financial statements or that may have an effect on its tax-exempt status. As of september 30, 2015, the statute of limitations for tax years 2011 through 2013 remains open with the u.s. Federal jurisdiction and the various states in which sourceamerica files a return.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Subcontract expenses netted against revenue in audited financials 58,290,384.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Subcontract expenses netted against revenue in audited financials 58,290,384.

Raw XML AppendixShowing 400 of 1,349 raw XML fields

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/Desc0SEE SCHEDULE O.SOURCEAMERICA'S EFFORTS SUPPORT THE ABILITYONE PROGRAM, A UNIQUE PROGRAM THAT CREATES EMPLOYMENT OPPORTUNITIES THAT PROVIDE INDIVIDUALS WHO ARE BLIND OR HAVE OTHER SIGNIFICANT DISABILITIES WITH EMPLOYMENT, EQUITABLE WAGES AND BENEFITS, UPWARD MOBILITY AND PERSONAL SATISFACTION. THE PROGRAM ENABLES INDIVIDUALS TO REDUCE THEIR DEPENDENCE ON GOVERNMENT SUPPORT AND JOIN THE RANKS OF TAXPAYERS. FOR THE FEDERAL GOVERNMENT CUSTOMER, THE ADVANTAGE IS FOUND IN THE QUALITY AND RELIABILITY OF THE EMPLOYEE, IN ADDITION TO THE VALUE AND QUALITY OF AN ARRAY OF PRODUCTS AND SERVICES THAT ARE AVAILABLE AT FAIR MARKET PRICES FROM ABILITYONE-CONTRACTED NONPROFIT AGENCIES ACROSS THE COUNTRY. IN 2015, SOURCEAMERICA WAS THE SOURCE OF EMPLOYMENT OPPORTUNITIES FOR MORE THAN 40,000 PEOPLE WITH SIGNIFICANT DISABILITIES.SOURCEAMERICA PUBLISHES WORKPLACE MAGAZINE QUARTERLY AND DISTRIBUTES IT TO APPROXIMATELY 10,000 PEOPLE AT FEDERAL AGENCIES AND NONPROFIT ASSOCIATIONS. WEEKLY, SOURCEAMERICA DISTRIBUTES TO OVER 5,500 NONPROFIT AGENCY LEADERS AND OTHER POINTS OF CONTACT VIA EMAIL THE CRP WEEKLY UPDATE, WHICH IS DESIGNED TO EDUCATE AND INFORM NONPROFIT AGENCIES WITH NEWS AND CURRENT EVENTS ABOUT SOURCEAMERICA AND ABILITYONE PROGRAM ACTIVITIES.THE GRANTS CONSIST OF MANAGEMENT ASSISTANCE GRANTS, PRODUCTIVITY ENHANCEMENT GRANTS AND MEDICAL DOCUMENTATION GRANTS AND DO NOT REFLECT ALL FINANCIAL ASSISTANCE PROVIDED.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$155$25.9$129$198$193$4.64
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$134$16.0$118$176$163$13.7
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$137$18.5$119$189$169$20.1
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$123$29.7$93.3$158$148$10.1
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$101$18.0$82.7$160$148$11.5
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$93.4$22.3$71.1$163$160$3.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$82.9$14.6$68.2$141$142$1.46
2016Detailed filing. Detailed filing data is available for this year.$84.3$15.9$68.4$151$152$0.93
2015Detailed filing. Detailed filing data is available for this year.$87.2$19.5$67.6$143$143$0.35
2014Detailed filing. Detailed filing data is available for this year.$87.9$17.4$70.5$155$155$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.3$13.3$70.0$119
2012Summary only. Only limited summary data is available for this year.$81.3$14.7$66.6$108$109$1.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.6$10.4$65.2$76.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.6$10.5$66.2$67.1