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Nonprofiteer
← PRIDE INDUSTRIES ONE INC

Form 990 for tax year 2022

Filed by PRIDE INDUSTRIES ONE INC.

Totals

Total revenue
$201,675,559
Total expenses
$200,699,095
Contributions and grants received
$12,337,990
Grants paid
$0
Program service revenue
$169,480,379
Investment income
$100,350
Other revenue
$19,756,840
Total assets, end of year
$75,230,702
Total liabilities, end of year
$86,580,228
Net assets or fund balances, end of year
-$11,349,526
Program services expenses (Part IX)
$182,866,807
Management and general expenses
$17,832,288
Fundraising expenses
$0
Program service expenses (Part III)
$182,866,807

Program services were 91.1% 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.

  • 1d · Related organizations

    $12,337,990

  • 2a · Program service revenue: Facility Services

    total $166,762,854 · related or exempt $166,762,854

  • 2b · Program service revenue: Program Fees

    total $2,453,884 · related or exempt $2,453,884

  • 2c · Program service revenue: Staffing/Placements

    total $261,127 · related or exempt $261,127

  • 2d · Program service revenue: Other

    total $2,514 · related or exempt $2,514

  • 7a · Gross sales of assets other than inventory

    other assets $110,826

  • 7b · Less cost or other basis and sales expenses

    other assets $10,476

  • 7c · Gain or loss

    other assets $100,350

  • 7d · Net gain or loss

    total $100,350 · excluded $100,350

  • 10a · Gross sales of inventory

    $36,857,023

  • 10b · Cost of goods sold

    $17,100,183

  • 10c · Net income from sales of inventory

    total $19,756,840 · related or exempt $19,756,840

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $474,268 · program services $474,268

  • 7 · Other salaries and wages

    total $86,469,667 · program services $86,469,667

  • 8 · Pension plan contributions

    total $463,069 · program services $463,069

  • 9 · Other employee benefits

    total $10,939,873 · program services $10,788,453 · management and general $151,420

  • 10 · Payroll taxes

    total $6,648,011 · program services $6,648,011

  • 11a · Fees: management

    total $19,761,876 · program services $2,400,689 · management and general $17,361,187

  • 11c · Fees: accounting

    total $1,978 · program services $1,978

  • 11g · Fees: other

    total $52,730,288 · program services $52,730,288

  • 12 · Advertising and promotion

    total $129,693 · program services $129,693

  • 13 · Office expenses

    total $1,768,647 · program services $1,768,647

  • 14 · Information technology

    total $147,233 · program services $147,233

  • 16 · Occupancy

    total $3,997,744 · program services $3,997,744

  • 17 · Travel

    total $514,840 · program services $514,840

  • 19 · Conferences, conventions and meetings

    total $8,863 · program services $8,863

  • 20 · Interest

    total $94,201 · program services $56,561 · management and general $37,640

  • 22 · Depreciation, depletion and amortization

    total $2,600,574 · program services $2,319,529 · management and general $281,045

  • 23 · Insurance

    total $263,840 · program services $263,840

  • 24a · Other expenses: Direct Materials

    total $7,235,533 · program services $7,235,533

  • 24b · Other expenses: Workers Compensation

    total $3,179,376 · program services $3,179,376

  • 24c · Other expenses: Vehicle Expense

    total $2,129,479 · program services $2,129,479

  • 24d · Other expenses: Emp Recruit & Training

    total $975,923 · program services $975,923

  • 24e · All other expenses

    total $164,119 · program services $163,123 · management and general $996

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,865 · end of year $1,366

  • 4 · Accounts receivable

    beginning of year $53,190,746 · end of year $43,994,849

  • 8 · Inventories for sale or use

    beginning of year $5,771,529 · end of year $8,960,280

  • 9 · Prepaid expenses and deferred charges

    beginning of year $382,922 · end of year $314,125

  • 10a · Land, buildings and equipment: cost or other basis

    $28,823,332

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,881,653

  • 10c · Land, buildings and equipment, net

    beginning of year $18,967,402 · end of year $14,941,679

  • 14 · Intangible assets

    beginning of year $237,225 · end of year $218,977

  • 15 · Other assets

    beginning of year $145,600 · end of year $6,799,426

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,948,620 · end of year $13,613,864

  • 19 · Deferred revenue

    beginning of year $3,900 · end of year $19,697

  • 25 · Other liabilities

    beginning of year $78,070,759 · end of year $72,946,667

  • 27 · Net assets without donor restrictions

    beginning of year -$12,325,990 · end of year -$11,349,526

Mission and programs · 2022

Mission

To create employment for people with disabilities.

  • See Schedule OPRIDE Industries One, Inc. creates employment for people with disabilities. A nonprofit social enterprise, our company provides facilities operations and maintenance services, custodial services, contract manufacturing, supply chain management, and packaging and fulfillment services to private and public organizations nationwide. We are the nation's leading employer of people with disabilities and share our expertise with other entities seeking to create an inclusive workforce. Our customized employment services include vocational training, on-the-job support, scholarships, and paid internships. In addition to helping people with disabilities, we also assist veterans, former foster youth, and trafficking survivors.Our programs for people with disabilities are designed to build skills that lead to personal and professional growth as well as increased independence. Individual plans are designed around each person's personal strengths, abilities and goals.For the year ended June 30, 2023, PRIDE Industries One, Inc. in connection with PRIDE Industries employed and/or provided services to over 7,000 individuals with diverse intellectual, developmental, physical, sensory, or mental health disabilities. As a nonprofit social enterprise, PRIDE Industries One, Inc. creates jobs in its own businesses. More than 300 individuals with disabilities were employed on hundreds of commercial contracts with PRIDE Industries One, Inc. The company's fleet of buses transports people who are unable to drive to work, training, and vital services. During the year ended June 30, 2023, over 51,500 individual rides were provided to transport individuals with disabilities to and from work.

    Expenses $182,866,807 · Revenue $189,237,219

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffery Dern

    President/CEO

    Total calculated
    $608,051
    From this org
    $0
    From related orgs
    $536,341
    Other
    $71,710
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $501,631 related
    Bonus
    $0
    Other
    $0 + $34,710 related
    Deferred
    $0 + $39,750 related
    Nontaxable benefits
    $0 + $31,960 related
    Filer's total
    $0 + $608,051 related

  • Peter Berghuis

    Former Key Employee

    Total calculated
    $475,000
    From this org
    $0
    From related orgs
    $475,000
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $25,334 related
    Bonus
    $0
    Other
    $0 + $449,666 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $475,000 related

  • Casey Blake - Chief

    Operations Officer (Thru 02/23)

    Total calculated
    $410,617
    From this org
    $0
    From related orgs
    $386,303
    Other
    $24,314
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,925 related
    Bonus
    $0
    Other
    $0 + $43,378 related
    Deferred
    $0 + $18,500 related
    Nontaxable benefits
    $0 + $5,814 related
    Filer's total
    $0 + $410,617 related

  • Alexander Tardif

    Fire Alarm Mechanic, SRO

    Total calculated
    $307,488
    From this org
    $0
    From related orgs
    $268,033
    Other
    $39,455
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $268,033 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,104 related
    Nontaxable benefits
    $0 + $37,351 related
    Filer's total
    $0 + $307,488 related

  • Coty Reid

    Fire Alarm Mechanic, SRO

    Total calculated
    $272,378
    From this org
    $0
    From related orgs
    $233,036
    Other
    $39,342
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $233,036 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,079 related
    Nontaxable benefits
    $0 + $37,263 related
    Filer's total
    $0 + $272,378 related

  • Carlos Rojas

    Lead Engineer, SRO

    Total calculated
    $249,112
    From this org
    $0
    From related orgs
    $246,185
    Other
    $2,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $246,185 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,927 related
    Filer's total
    $0 + $249,112 related

  • Tina Oliveira

    Chief HR Officer/Corp Sec.

    Total calculated
    $243,667
    From this org
    $0
    From related orgs
    $213,363
    Other
    $30,304
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,274 related
    Bonus
    $0
    Other
    $0 + $3,089 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,304 related
    Filer's total
    $0 + $243,667 related

  • Ron Guidry

    Lead Engineer, SRO

    Total calculated
    $243,412
    From this org
    $0
    From related orgs
    $243,412
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $243,412 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $243,412 related

  • William Green

    HVAC Technician - JCC

    Total calculated
    $235,407
    From this org
    $0
    From related orgs
    $235,407
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $213,698 related
    Bonus
    $0
    Other
    $0 + $21,709 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $235,407 related

  • Christopher Bunch

    VP Commercial Facility Services

    Total calculated
    $221,837
    From this org
    $0
    From related orgs
    $189,889
    Other
    $31,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $183,622 related
    Bonus
    $0
    Other
    $0 + $6,267 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,948 related
    Filer's total
    $0 + $221,837 related

  • Anthony Lopez

    VP Logistics & Warehouse Services

    Total calculated
    $187,334
    From this org
    $0
    From related orgs
    $160,146
    Other
    $27,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $158,359 related
    Bonus
    $0
    Other
    $0 + $1,787 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,188 related
    Filer's total
    $0 + $187,334 related

  • Charles Sharp

    Chief Financial Officer (Eff 09/22)

    Total calculated
    $182,995
    From this org
    $0
    From related orgs
    $154,373
    Other
    $28,622
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $93,906 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $467 related
    Deferred
    $0 + $1,904 related
    Nontaxable benefits
    $0 + $26,718 related
    Filer's total
    $0 + $182,995 related

  • Everett Crane

    Former Chief Financial Officer

    Total calculated
    $111,779
    From this org
    $0
    From related orgs
    $108,344
    Other
    $3,435
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $103,181 related
    Bonus
    $0
    Other
    $0 + $5,163 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,435 related
    Filer's total
    $0 + $111,779 related

  • Bob Olsen

    Chairman of the Board

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Judson Riggs

    Vice Chairman of the Board

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Snegg

    Board Treasurer

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Sandy Smoley

    Board Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jim Barone

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Ed Bonner

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dawn Clayton

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dorene Dominguez

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rob Lynch

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ronald J Mittelstaedt

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nadder Mirsepassi

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Walter Payne

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marco Rodriguez

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • H Rao Unnava

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Larry Welch

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The President/CEO of the organization is an employee of PRIDE Industries. The Board's Compensation Committee retains the ultimate authority over all elements of compensation to ensure that the organizational purposes are appropriately serviced. The Board's Compensation Committee uses credible data sources, third-party compensation consultant review and an objective "arms-length" decision-making process, ensuring the integrity of the executive programs and consistency with the organization's overall mission.
Part I, Lines 4a-b
Peter Berghuis received a one-time compensation payment (the contents of which are subject to a confidentiality clause) of $449,666 which is included in Schedule J, Part II, Column B(iii). Key executives participate in a 457(f) retirement plan. Plan eligibility is determined upon approval by the Board of Directors of PRIDE Industries. During the calendar year ended December 31, 2022, contributions and distributions for the following key executives are as follows: Jeffery Dern President/CEO: Contributions: None Distributions: None Casey Blake - Chief Operations Officer: Contributions: $18,500 Distributions: $18,522 The President/CEO participates in a nonqualified deferred compensation trust as provided for in his employment agreement approved by the Board of Directors. Contributions to the trust are made annually, each December, in an amount equal to 7.5% of the President/CEO's base salary. The trust is distributable upon the earlier of the President/CEO reaching age 65 or has a qualifying termination event. Certain forfeiture provisions exist in the agreement. During the calendar year ended December 31, 2022, a dicretionary contribution of $39,750 was made. In 2021, the President/CEO began participating in a long-term incentive compensation benefit. Amounts are approved by the Compensation Committee of the Board of Directors of PRIDE Industries annually ranging from 0% to 7.5% of the President/CEO's base salary based on both his and the Company's performance. The approved amounts are accrued annually and paid out in a lump sum once every five years, subject to continued employment. During calendar year ended December 31, 2022, no accural was approved by the Board.
Part I, Line 7
In 2022, a one-time compensation payment of $60,000 was approved and paid to the current CFO, Charles Sharp upon his acceptance of the CFO position.
Part II
The compensation reflected in this section represents the Form W-2 calendar year taxable income for these individuals. The compensation is paid by PRIDE Industries, as the employer of record.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • PRIDE Industries

    501(c)(3) · To create employment for people with disabilities · CA

  • PRIDE Government

    501(c)(3) · Helping people with disabilities prepare for employment · CA

    Directly controlled by PRIDE Industries

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202421239349300742

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