Civic Intelligence

Able Industries Inc.

990 • Fiscal year 2023 • EIN 94-6086713

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 08, 2024

2505 N Shirk RdVisalia, CA 93291

(559) 651-8150

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$7,019,759

Up $2,859,641 (+69%) from 2022

Net Assets

Up

$3,988,600

Up $76,704 (+2.0%) from 2022

Liabilities

Up

$3,031,159

Up $2,782,937 (+1121%) from 2022

Revenue And Expenses

Revenue

Up

$4,247,282

Up $429,603 (+11%) from 2022

Expenses

Up

$4,170,578

Up $30,806 (+0.7%) from 2022

Net Income

Up

$76,704

Up $398,797 (+124%) from 2022

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $3,011,316Liabilities 2012: $335,633Net Assets 2012: $2,675,6832012Assets 2013: $3,308,735Liabilities 2013: $481,668Net Assets 2013: $2,827,0672013Assets 2014: $3,560,321Liabilities 2014: $487,952Net Assets 2014: $3,072,3692014Assets 2015: $3,480,199Liabilities 2015: $326,014Net Assets 2015: $3,154,1852015Assets 2016: $3,520,075Liabilities 2016: $568,010Net Assets 2016: $2,952,0652016Assets 2017: $3,593,347Liabilities 2017: $663,292Net Assets 2017: $2,930,0552017Assets 2018: $3,300,336Liabilities 2018: $274,013Net Assets 2018: $3,026,3232018Assets 2019: $3,501,276Liabilities 2019: $388,567Net Assets 2019: $3,112,7092019Assets 2020: $4,457,094Liabilities 2020: $1,002,972Net Assets 2020: $3,454,1222020Assets 2021: $4,705,249Liabilities 2021: $471,260Net Assets 2021: $4,233,9892021Assets 2022: $4,160,118Liabilities 2022: $248,222Net Assets 2022: $3,911,8962022Assets 2023: $7,019,759Liabilities 2023: $3,031,159Net Assets 2023: $3,988,6002023Assets 2024: $7,125,412Liabilities 2024: $3,047,325Net Assets 2024: $4,078,0872024Assets 2025: $7,305,878Liabilities 2025: $3,015,016Net Assets 2025: $4,290,8622025

Highlighted filing

2023

Assets$7,019,759
Liabilities$3,031,159
Net Assets$3,988,600

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $3,216,4712012Expenses 2013: $3,651,6862013Revenue 2014: $4,386,999Expenses 2014: $4,141,697Net Income 2014: $245,3022014Revenue 2015: $4,456,241Expenses 2015: $4,374,425Net Income 2015: $81,8162015Revenue 2016: $4,728,501Expenses 2016: $4,930,621Net Income 2016: -$202,1202016Revenue 2017: $4,518,987Expenses 2017: $4,540,997Net Income 2017: -$22,0102017Revenue 2018: $4,079,963Expenses 2018: $3,983,695Net Income 2018: $96,2682018Revenue 2019: $3,865,641Expenses 2019: $3,771,877Net Income 2019: $93,7642019Revenue 2020: $4,251,297Expenses 2020: $3,909,884Net Income 2020: $341,4132020Revenue 2021: $4,655,481Expenses 2021: $3,875,614Net Income 2021: $779,8672021Revenue 2022: $3,817,679Expenses 2022: $4,139,772Net Income 2022: -$322,0932022Revenue 2023: $4,247,282Expenses 2023: $4,170,578Net Income 2023: $76,7042023Revenue 2024: $3,926,632Expenses 2024: $3,837,145Net Income 2024: $89,4872024Revenue 2025: $4,586,513Expenses 2025: $4,373,738Net Income 2025: $212,7752025

Highlighted filing

2023

Revenue$4,247,282
Expenses$4,170,578
Net Income$76,704
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 8, 2024
Return Version
2022v5.0
Gross Receipts
$5,686,241
Mission and Program Overview

Mission

Training and placement of the developmentally disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$370,570$5,008,412▲ $4,637,842
Savings and Temporary Cash Investments$1,998,639$1,175,310▼ $823,329
Accounts Receivable$545,624$622,378▲ $76,754
Inventories for Sale or Use$155,862$155,862→ $0
Cash and Non-Interest-Bearing Accounts$36,528$30,712▼ $5,816
Prepaid Expenses and Deferred Charges$33,336$27,085▼ $6,251
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$4,160,118$7,019,759▲ $2,859,641
Other Assets Total$1,019,559$0▼ $1,019,559
Liabilities
Mortgage Notes Payable Secured by Investment Property-$2,800,000-
Other Liabilities$202,619$210,439▲ $7,820
Accounts Payable and Accrued Expenses$45,603$20,720▼ $24,883
Total Liabilities$248,222$3,031,159▲ $2,782,937
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,911,896$3,988,600▲ $76,704
Total Net Assets Fund Balance$3,911,896$3,988,600▲ $76,704
Total Liabilities and Net Assets / Fund Balance$4,160,118$7,019,759▲ $2,859,641

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,579,881$22,647$4,602,528
Equipment$60,390$488,534$548,924
Land$307,857-$307,857
Other Land Buildings$60,284$34,151$94,435
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Keith StumpExecutive DirectorFT$114,211$114,211

Board Members and Trustees

NameTitle
David CoombsPresident
Kelly VenturaVice President
Dru QuesnoyMember
Jennifer ReimerMember
Jon BuenoMember
Paula McsheeyMember
Sally VillanuevaMember
Tony NunesMember
Jennifer SmithSecretary
Jacob DanielTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$80,363
Program Service Revenue
$1,995,716
Investment Income
$469,792
Other Revenue
$1,701,411
All Other Contributions
$45,022
Change in Net Assets
$76,704
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,180,795
Other Expenses$989,783
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,648,645$719,226-$2,367,871
Other Employee Benefits$276,823$156,339-$433,162
Payroll Taxes$156,534$67,696-$224,230
Occupancy$56,953$79,870-$136,823
All Other Expenses$71,643$64,919-$136,562
Current Officers, Directors, Trustees, and Key Employees$73,095$41,116-$114,211
Insurance$48,851$30,137-$78,988
Depreciation Depletion$23,892$49,210-$73,102
Other Expenses$50,089$21,938-$72,027
Interest$31,471$39,365-$70,836
Advertising$9,400$58,753-$68,153
Pension Plan Contributions$13,736$27,585-$41,321
Travel$2,726$1,912-$4,638
Total Functional Expenses$2,630,951$1,539,627$0$4,170,578
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,417
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$105,396
Compensated Absences$105,042
Rounding$1
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 35% controlled entity
No
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 11B

Board of directors has copy of 990 to review prior to filing with the irs. Information is reviewed at the presentation of the audit report and information return.

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

The executive director regularly distributes conflict of interest forms to staff and board members.

Form 990, Part VI, Section B, Line 15A

15a - an executive evaluation committee is formed each october to complete the executive directors performance review. They also review comparability data on salaries in like positions in the general area.

Form 990, Part VI, Section B, Line 15B

15b - a salary survey is completed every one to two years and presented to the board of directors for their review and approval for all wages and salaries including key employees.

Form 990, Part VI, Section C, Line 19

Documents are available for review at the headquarters of the organization.

Filing and Contact Details

Filer

Filer Name
Able Industries
EIN
94-6086713
Phone
5596518150
Address
2505 N SHIRK RD, VISALIA, CA 93291

Signing Officer

Name
Keith Stump
Title
Executive Director
Signed
2024-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Stump
Formed
1962
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
174

Preparer

Firm
Pine Pedroncelli & Aguilar Inc
Address
3500 W Orchard Court, Visalia, CA 93277
Preparer
Gamaliel Aguilar
Phone
5596259800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

OTHER PROGRAM SERVICES 4: OFFSITE-LANDSCAPE MAINTENANCE SERVICES FOR COMMERCIAL BUSINESS OTHER PROGRAM SERVICES 5: Adult Day Services - ABLE's Life Skills Learning Center offers individuals served the opportunity to develop and refine social, interpersonal, and work skills. The program focuses on individuals with disabilities requiring more intensive supervision and living skill development.

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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt013417
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/ProgramServicesAmt056953
IRS990/OccupancyGrp/TotalAmt0136823
IRS990/OfficeExpensesGrp/TotalAmt00
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IRS990/OtherAssetsTotalGrp/EOYAmt00
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0276823
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IRS990/OtherExpensesGrp/Desc2FUEL & OIL
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt066269
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1112518
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22774
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt321938
IRS990/OtherExpensesGrp/ProgramServicesAmt068814
IRS990/OtherExpensesGrp/ProgramServicesAmt117685
IRS990/OtherExpensesGrp/ProgramServicesAmt280594
IRS990/OtherExpensesGrp/ProgramServicesAmt350089
IRS990/OtherExpensesGrp/TotalAmt0135083
IRS990/OtherExpensesGrp/TotalAmt1130203
IRS990/OtherExpensesGrp/TotalAmt283368
IRS990/OtherExpensesGrp/TotalAmt372027
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt179844
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21564468
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt179844
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21564468
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IRS990/OtherSalariesAndWagesGrp/TotalAmt02367871
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0156534
IRS990/PayrollTaxesGrp/TotalAmt0224230
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013736
IRS990/PensionPlanContributionsGrp/TotalAmt041321
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt033336
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027085
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IRS990/ProgramServiceRevenueGrp/Desc1OFFSITE
IRS990/ProgramServiceRevenueGrp/Desc2SE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3SERVICE REVENUE-WARLOW
IRS990/ProgramServiceRevenueGrp/Desc4TRANSPORTATION REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11006218
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2587590
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3169917
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4110477
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2587590
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4110477
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IRS990/PYContributionsGrantsAmt0105284
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02351
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IRS990/PYOtherExpensesAmt01074650
IRS990/PYOtherRevenueAmt0257017
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IRS990/PYRevenuesLessExpensesAmt0-322093
IRS990/PYSalariesCompEmpBnftPaidAmt03065122
IRS990/PYTotalExpensesAmt04139772
IRS990/PYTotalRevenueAmt03817679
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt076704
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01998639
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt057585
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0110430
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0230038
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0583700
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02644
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02351
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04759
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08021
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010519
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt028294
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95380
IRS990ScheduleA/PublicSupportPY170Pct00.95750
IRS990ScheduleA/PublicSupportTotal170Amt0583700
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt080363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0105284
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt057585
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0110430
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0230038
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0583700
IRS990ScheduleA/TotalSupportAmt0611994
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt060390

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.31$3.02$4.29$4.59$4.37$0.21
2024Detailed filing. Detailed filing data is available for this year.$7.13$3.05$4.08$3.93$3.84$0.09
2023Detailed filing. Detailed filing data is available for this year.$7.02$3.03$3.99$4.25$4.17$0.08
2022Detailed filing. Detailed filing data is available for this year.$4.16$0.25$3.91$3.82$4.14$0.32
2021Detailed filing. Detailed filing data is available for this year.$4.71$0.47$4.23$4.66$3.88$0.78
2020Detailed filing. Detailed filing data is available for this year.$4.46$1.00$3.45$4.25$3.91$0.34
2019Detailed filing. Detailed filing data is available for this year.$3.50$0.39$3.11$3.87$3.77$0.09
2018Detailed filing. Detailed filing data is available for this year.$3.30$0.27$3.03$4.08$3.98$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.59$0.66$2.93$4.52$4.54$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.52$0.57$2.95$4.73$4.93$0.20
2015Detailed filing. Detailed filing data is available for this year.$3.48$0.33$3.15$4.46$4.37$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.56$0.49$3.07$4.39$4.14$0.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.31$0.48$2.83$3.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.01$0.34$2.68$3.22