Totals
- Total revenue
- $38,965,100
- Total expenses
- $39,187,093
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $38,507,764
- Investment income
- $415,029
- Other revenue
- $42,307
- Total assets, end of year
- $22,191,999
- Total liabilities, end of year
- $1,631,902
- Net assets or fund balances, end of year
- $20,560,097
- Program services expenses (Part IX)
- $38,960,056
- Management and general expenses
- $227,037
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $38,960,056
Program services were 99.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: PROGRAM SERVICES
total $38,507,764 · related or exempt $38,507,764
-
3 · Investment income
total $167,454 · excluded $167,454
-
6a · Gross rents
real property $30,000
-
6c · Rental income or loss
real property $30,000
-
6d · Net rental income or loss
total $30,000 · related or exempt $30,000
-
7a · Gross sales of assets other than inventory
securities $1,402,331
-
7b · Less cost or other basis and sales expenses
securities $1,154,756
-
7c · Gain or loss
securities $247,575
-
7d · Net gain or loss
total $247,575 · related or exempt $247,575
-
10a · Gross sales of inventory
$27,417
-
10b · Cost of goods sold
$15,110
-
10c · Net income from sales of inventory
total $12,307 · related or exempt $12,307
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $795,608 · program services $728,435 · management and general $67,173
-
7 · Other salaries and wages
total $20,660,927 · program services $20,660,927
-
8 · Pension plan contributions
total $1,279,395 · program services $1,279,395
-
9 · Other employee benefits
total $5,342,985 · program services $5,342,985
-
10 · Payroll taxes
total $1,881,227 · program services $1,881,227
-
11b · Fees: legal
total $54,694 · management and general $54,694
-
11c · Fees: accounting
total $19,670 · management and general $19,670
-
11g · Fees: other
total $1,477,654 · program services $1,477,654
-
12 · Advertising and promotion
total $6,449 · program services $6,449
-
13 · Office expenses
total $246,513 · program services $246,513
-
16 · Occupancy
total $2,784,504 · program services $2,784,504
-
17 · Travel
total $112,044 · program services $112,044
-
20 · Interest
total $25 · program services $25
-
22 · Depreciation, depletion and amortization
total $501,994 · program services $416,539 · management and general $85,455
-
23 · Insurance
total $614,992 · program services $614,992
-
24a · Other expenses: MATERIALS & SUPPLIES
total $2,142,364 · program services $2,142,364
-
24b · Other expenses: REPAIRS
total $863,139 · program services $863,139
-
24c · Other expenses: TELEPHONE
total $186,873 · program services $186,873
-
24d · Other expenses: BANK CHARGES
total $89,226 · program services $89,226
-
24e · All other expenses
total $126,810 · program services $126,765 · management and general $45
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,197,780 · end of year $7,136,980
-
2 · Savings and temporary cash investments
beginning of year $3,605,727 · end of year $3,662,744
-
4 · Accounts receivable
beginning of year $4,758,668 · end of year $4,737,191
-
8 · Inventories for sale or use
beginning of year $4,050 · end of year $4,050
-
9 · Prepaid expenses and deferred charges
beginning of year $3,000 · end of year $3,000
-
10a · Land, buildings and equipment: cost or other basis
$5,568,714
-
10b · Land, buildings and equipment: accumulated depreciation
$3,430,649
-
10c · Land, buildings and equipment, net
beginning of year $2,658,250 · end of year $2,138,065
-
11 · Investments: publicly traded securities
beginning of year $4,194,986 · end of year $4,509,969
-
17 · Accounts payable and accrued expenses
beginning of year $1,640,371 · end of year $1,631,902
-
27 · Net assets without donor restrictions
beginning of year $20,782,090 · end of year $20,560,097
Mission and programs · 2024
Mission
TO PROVIDE EDUCATION, TRAINING, AND EMPLOYMENT TO THE DISABLED
-
TRACE INC PROVIDES EDUCATION, TRAINING AND EMPLOYEMENT TO THE DISABLED IN A VOCATIONAL TRAINING ENVIRONMENT. THIS IS ACCOMPLISHED THROUGH SET-ASIDE FEDERAL SERVICE CONTRACTS RESERVED UNDER THE JAVITS WAGNER-O'DAY (JWOD-NOW KNOWN AS ABILITY ONE) ACT FOR NON PROFIT ENTITIES WHO PRIMARILY EMPLOY THE DISABLED. THE COMPANY ALSO OPERATES A ZOO AND A HORSE BOARDING SERVICE AS VOCATIONAL TRAINING FACILITIES.
Expenses $38,960,056 · Revenue $38,507,764
As filed on the 2024 return.
Listed in Part VII
-
Shyann HarrisSHYANN HARRIS
VICE PRESIDE
- Total calculated
- $262,369
- From this org
- $251,730
- From related orgs
- $0
- Other
- $10,639
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $251,730
- Bonus
- not reported
- Other
- not reported
- Deferred
- $10,639
- Nontaxable benefits
- not reported
- Filer's total
- $262,369
-
Richard FulliloveRICHARD FULLILOVE
SECRETARY
- Total calculated
- $219,989
- From this org
- $210,000
- From related orgs
- $0
- Other
- $9,989
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,989
- Nontaxable benefits
- not reported
- Filer's total
- $219,989
-
Cheryl HarrisCHERYL HARRIS
PRESIDENT
- Total calculated
- $219,551
- From this org
- $210,000
- From related orgs
- $0
- Other
- $9,551
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,551
- Nontaxable benefits
- not reported
- Filer's total
- $219,551
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202511349349311786
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.