Civic Intelligence

Sourceamerica

990 • Fiscal year 2016 • EIN 52-1007153

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 14, 2017

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

33rd percentile

0.19x

Higher debt load relative to assets than 33% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

12th percentile

0.10x

Higher debt load relative to revenue than 12% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

32nd percentile

-0.6%

Higher net margin than 32% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

22nd percentile

-3.3%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

5.8%

Faster revenue growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Down

$84,316,350

Down $2,847,996 (-3.3%) from 2015

Net Assets

Up

$68,445,246

Up $801,537 (+1.2%) from 2015

Liabilities

Down

$15,871,104

Down $3,649,533 (-19%) from 2015

Revenue

Up

$151,220,014

Up $8,272,320 (+5.8%) from 2015

Expenses

Up

$152,149,604

Up $9,552,707 (+6.7%) from 2015

Net Income

Down

-$929,590

Down $1,280,387 (-365%) from 2015

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

2016

Assets$84,316,350
Liabilities$15,871,104
Net Assets$68,445,246

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

2016

Revenue$151,220,014
Expenses$152,149,604
Net Income-$929,590
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 14, 2017
Return Version
2015v3.0
Gross Receipts
$163,362,074
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
Investments in Publicly Traded Securities$25,817,590$29,541,893▲ $3,724,303
Accounts Receivable$34,174,305$28,736,555▼ $5,437,750
Savings and Temporary Cash Investments$8,044,863$10,452,330▲ $2,407,467
Land, Buildings, and Equipment, Net$11,648,326$10,155,680▼ $1,492,646
Other Notes and Loans Receivable, Net$2,981,535$3,363,625▲ $382,090
Investments Other Securities$1,487,571$0▼ $1,487,571
Prepaid Expenses and Deferred Charges$1,881,673$1,467,034▼ $414,639
Inventories for Sale or Use$581,672$74,813▼ $506,859
Total Assets$87,164,346$84,316,350▼ $2,847,996
Other Assets Total$546,811$524,420▼ $22,391
Liabilities
Accounts Payable and Accrued Expenses$16,628,082$12,953,668▼ $3,674,414
Other Liabilities$2,892,555$2,917,436▲ $24,881
Total Liabilities$19,520,637$15,871,104▼ $3,649,533
Net Assets / Fund Balance
Unrestricted Net Assets$67,643,709$68,445,246▲ $801,537
Total Net Assets Fund Balance$67,643,709$68,445,246▲ $801,537
Total Liabilities and Net Assets / Fund Balance$87,164,346$84,316,350▼ $2,847,996

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,536,982$7,142,308$12,679,290
Other Land Buildings$2,233,310$6,358,263$8,591,573
Equipment$426,860$2,156,485$2,583,345
Land$1,958,528-$1,958,528
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven SorokaPresident and CEOFT$356,010$47,535$403,545
Dennis FieldsChief Operating OfficerFT$287,825$54,654$342,479
Raquel TamezLegal CounselFT$265,625$37,308$302,933
Elizabeth GoodmanChief Financial OfficerFT$225,133$50,949$276,082
E Robert ChamberlinPresident and CEOFT$114,409$158,668$273,077
Martin WilliamsVice President - RegionalFT$204,703$64,608$269,311
David DubinskyExecutive DirectorFT$199,566$58,117$257,683
Martin GerryVice PresidentFT$224,118$27,383$251,501
Joseph DiazExecutive DirectorFT$177,957$54,931$232,888
Matthew BatesVice President - HrFT$184,097$46,978$231,075
Richard GazawayExecutive DirectorFT$179,742$46,665$226,407
Sally HendersonExecutive DirectorFT$168,204$43,005$211,209
Nancyellen GentileVice President of CorporatFT$179,393$31,458$210,851
John KellyVP- Ga & Public PolicyFT$156,141$51,969$208,110
Roberta ParrishAssociate AttorneyFT$165,949$20,239$186,188
Sally GamettChief Information OfficerFT$161,166$17,716$178,882

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
The Ginn Group INCSub-contracted Building Maint Svcs200 WESTPARK DRIVE STE 100, Peachtree, GA 30269$43,466,321
Lakeview CenterSub-contracted Custodial Services1221 W LAKEVIEW AVENUE, Pensacola, FL 32501$3,659,231
Wiregrass Rehabilitation CtrManufacturing Of R&d Product795 ROSS CLARK DRIVE, Dotahn, AL 36303$2,645,312
Capgemini LLCComputer Support Services98836 COLLECTION CTR DRIVE, Chicago, IL 60093$2,206,678
Ready One IndustriesManufacturing Of R&d Product1414 ALLEN BRADLEY, El Paso, TX 79936$1,580,605
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$150,547,459
Investment Income
$616,307
Other Revenue
$56,248
Change in Net Assets
$-929,590

Audited Revenue Reconciliation

Revenue per Audited Statements
$85,624,655
Revenue Not Reported on Financial Statements
$65,595,359
Revenue Not Reported on Form 990
$1,731,127
Other Revenue Adjustments
$65,595,359
Total Revenue per Audited Statements
$87,355,782
Total Revenue per Form 990
$151,220,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,039,312
Salaries, Compensation, and Employee Benefits$52,447,306
Grants and Similar Amounts Paid$1,662,986
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$32,677,473$3,507,045-$36,184,518
Information Technology$7,387,929$294,299-$7,682,228
Other Employee Benefits$6,806,174$788,250-$7,594,424
Fees for Services Other$4,291,987$746,508-$5,038,495
Travel$3,866,307$249,413-$4,115,720
Pension Plan Contributions$2,778,804$293,357-$3,072,161
Payroll Taxes$2,540,029$323,589-$2,863,618
Current Officers, Directors, Trustees, and Key Employees$1,718,281$1,014,304-$2,732,585
Occupancy$2,226,932$172,994-$2,399,926
Advertising$2,340,966--$2,340,966
Fees for Services Legal$14,145$2,258,832-$2,272,977
Office Expenses$2,060,334$189,793-$2,250,127
Conferences and Meetings$1,834,199$120,315-$1,954,514
Grants to Domestic Orgs$1,662,986--$1,662,986
Depreciation Depletion$1,393,633$140,968-$1,534,601
Insurance$546,843$81,208-$628,051
Other Expenses$534,091$190,996-$534,091
Fees for Services Lobbying$482,102--$482,102
Fees for Services Accounting-$148,977-$148,977
Fees for Service Investment Mgmnt Fees-$106,068-$106,068
Total Functional Expenses$141,522,688$10,626,916$0$152,149,604

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$152,149,604
Expenses per Audited Statements$86,554,245
Total Expenses per Audited Statements$86,554,245
Expenses Not Reported on Financial Statements$65,595,359
Other Expense Adjustments$65,595,359
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Servicesource IncAlexandria, VA501(c)(3)Management Grant Program, Informed Choice Grant$423,000
Pioneer Adult Rehab CtrClearfield, UT501(c)(3)Informed Choice Grant$300,000
Jewish Vocational ServiceSouthfield, MI501(c)(3)Informed Choice Grant$150,750
Work IncDorchester, MA501(c)(3)Informed Choice Grant$150,000
Professional Contract Svcs IncAustin, TX501(c)(3)Management Grant Program$27,130
PeckhamLansing, MI501(c)(3)Productivity Enhancement Grant$25,000
Human Technologies CorpUtica, NY501(c)(3)Management Grant Program$22,000
Skookum Educational ProgramsBremerton, WA501(c)(3)Management Grant Program$22,000
Goodwill Ind Miami ValleyDayton, OH501(c)(3)Management Grant Program$19,143
Louise W Eggleston Ctr IncNorfolk, VA501(c)(3)Management Grant Program$14,751
Versability ResourcesHampton, VA501(c)(3)Management Grant Program$8,921
Goodwill Industrial ServicesColorado Springs, CO501(c)(3)Medical Documentation Grant, Qwe Grant$8,000
Nysarc Inc Erie Co ChapterBuffalo, NY501(c)(3)Cyclepoint for Advertising$8,000
Opportunity Resources IncMissoula, MT501(c)(3)Cyclepoint for Advertising$7,985
SKILS'KINSpokane, WA501(c)(3)Management Grant Program$7,735
Chesapeake Bay IndustriesEaston, MD501(c)(3)Qwe Grants$7,500
Community Foundation for the DisabledSalt Lake City, UT501(c)(3)Qwe Grants$7,500
Goodwill Ind Lower ScNorth Charleston, SC501(c)(3)Qwe Grants$7,500
Goodwill Inds of KentuckyLouisville, KY501(c)(3)Qwe Grants$7,500
Liferoots IncAlbuquerque, NM501(c)(3)Qwe Grants$7,500
Service Disabled VetSilver Spring, MD501(c)(3)Qwe Grants$7,500
Sma Behavioral HealthcareDaytona Beach, FL501(c)(3)Qwe Grants$7,500
Challenge UnlimitedAlton, IL501(c)(3)Qwe Grants$7,496
Agr FoundationCharlotte, NC501(c)(3)Cyclepoint R2 Rios Grant$7,173
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$2,218,772
457b Deferred Compensation Plan$415,028
Deferred Rent$283,636
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 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
2017-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven L Soroka
Formed
1974
Legal Domicile
Dc
Voting Board Members
20
Independent Board Members
20
Employees
439
Volunteers
30

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, 2016, the statute of limitations for tax years 2012 through 2014 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 65,595,359.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Subcontract expenses netted against revenue in audited financials 65,595,359.

Raw XML AppendixShowing 400 of 1,333 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.FORM 990, PART III, LINE 4A, PROGRAM SERVICES ACCOMPLISHMENTS: 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 AND UPWARD MOBILITY. THE PROGRAM ENABLES INDIVIDUALS TO CONTRIBUTE TO THEIR FAMILIES, SOCIETY AND THE ECONOMY, AND REDUCE THEIR DEPENDENCE ON GOVERNMENT SUPPORT. TO THE FEDERAL GOVERNMENT AND PRIVATE SECTOR CUSTOMERS, THE ADVANTAGE IS FOUND IN THE QUALITY OF AN ARRAY OF PRODUCTS AND SERVICES THAT ARE AVAILABLE AT FAIR MARKET PRICES FROM SOURCEAMERICA-CONTRACTED NONPROFIT AGENCIES ACROSS THE COUNTRY. IN 2015, SOURCEAMERICA WAS THE SOURCE OF EMPLOYMENT OPPORTUNITIES FOR MORE THAN 42,000 PEOPLE WITH SIGNIFICANT DISABILITIES.SOURCEAMERICA PRODUCES A NEWSLETTER - THE WEEKLY UPDATE - TO EDUCATE AND INFORM NONPROFIT AGENCIES WITH NEWS AND CURRENT EVENTS ABOUT SOURCEAMERICA AND ABILITYONE PROGRAM ACTIVITIES. THE NEWSLETTER IS DISTRIBUTED TO NEARLY 5,000 NONPROFIT AND SOURCEAMERICA LEADERS AND STAFF. SOURCEAMERICA ALSO ADMINISTERS GRANTS. THE FINANCIAL ASSISTANCE CONSISTS OF MANAGEMENT ASSISTANCE GRANTS, PRODUCTIVITY ENHANCEMENT GRANTS AND MEDICAL DOCUMENTATION GRANTS. THOSE GRANTS DO NOT REFLECT ALL FINANCIAL ASSISTANCE PROVIDED.
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Document Assets

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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