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Nonprofiteer
← SOUTHEASTERN KENTUCKY REHABILITATION INDUSTRIES INC

Form 990 for tax year 2022

Filed by SOUTHEASTERN KENTUCKY REHABILITATION INDUSTRIES INC.

Totals

Total revenue
$39,481,937
Total expenses
$38,734,120
Contributions and grants received
$77,669
Grants paid
$20,300
Program service revenue
$39,232,777
Investment income
$77,230
Other revenue
$94,261
Total assets, end of year
$30,034,065
Total liabilities, end of year
$4,167,785
Net assets or fund balances, end of year
$25,866,280
Program services expenses (Part IX)
$29,654,954
Management and general expenses
$9,079,166
Fundraising expenses
$0
Program service expenses (Part III)
$29,654,954

Program services were 76.6% 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.

  • 1c · Fundraising events

    $41,041

  • 1f · All other contributions, gifts and grants

    $36,628

  • 2a · Program service revenue: CLIENT PRODUCED SALES

    total $39,232,777 · related or exempt $39,232,777

  • 3 · Investment income

    total $77,230 · excluded $77,230

  • 6a · Gross rents

    real property $63,360

  • 6b · Less rental expenses

    real property $34,282

  • 6c · Rental income or loss

    real property $29,078

  • 6d · Net rental income or loss

    total $29,078 · excluded $29,078

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $41,041

  • 8b · Fundraising events: direct expenses

    $30,814

  • 8c · Net income from fundraising events

    total -$30,814 · excluded -$30,814

  • 11a · Other revenue: CAFETERIA & CONCESSIONS

    total $95,987 · excluded $95,987

  • 11b · Other revenue: MISCELLANEOUS

    total $10 · related or exempt $10

  • 11e · Other revenue, total

    $95,997

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,300 · program services $20,300

  • 5 · Compensation of officers, directors and key employees

    total $875,566 · management and general $875,566

  • 7 · Other salaries and wages

    total $4,677,489 · program services $787,485 · management and general $3,890,004

  • 8 · Pension plan contributions

    total $254,497 · program services $145,615 · management and general $108,882

  • 9 · Other employee benefits

    total $2,175,025 · program services $1,273,629 · management and general $901,396

  • 10 · Payroll taxes

    total $1,111,546 · program services $757,795 · management and general $353,751

  • 11g · Fees: other

    total $247,850 · management and general $247,850

  • 12 · Advertising and promotion

    total $19,038 · management and general $19,038

  • 13 · Office expenses

    total $343,409 · program services $6,503 · management and general $336,906

  • 14 · Information technology

    total $247,801 · management and general $247,801

  • 16 · Occupancy

    total $548,240 · management and general $548,240

  • 17 · Travel

    total $239,441 · program services $78,816 · management and general $160,625

  • 20 · Interest

    total $16,739 · management and general $16,739

  • 22 · Depreciation, depletion and amortization

    total $727,114 · program services $217,657 · management and general $509,457

  • 23 · Insurance

    total $346,749 · program services $131,803 · management and general $214,946

  • 24a · Other expenses: COST OF SALES-CONTRACTS

    total $25,552,736 · program services $25,552,736

  • 24b · Other expenses: MAINTENANCE AND REPAIRS

    total $467,979 · program services $47,363 · management and general $420,616

  • 24c · Other expenses: BUSINESS DEVELOPMENT

    total $336,008 · program services $336,008

  • 24d · Other expenses: FREIGHT OUT

    total $264,239 · program services $264,239

  • 24e · All other expenses

    total $262,354 · program services $35,005 · management and general $227,349

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,043,514 · end of year $10,375,202

  • 2 · Savings and temporary cash investments

    beginning of year $448,794 · end of year $916,343

  • 4 · Accounts receivable

    beginning of year $2,643,508 · end of year $5,313,688

  • 8 · Inventories for sale or use

    beginning of year $6,413,810 · end of year $6,617,503

  • 9 · Prepaid expenses and deferred charges

    beginning of year $250,216 · end of year $252,444

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

    $14,576,811

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

    $8,332,094

  • 10c · Land, buildings and equipment, net

    beginning of year $6,355,825 · end of year $6,244,717

  • 15 · Other assets

    beginning of year $265,017 · end of year $314,168

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,711,919 · end of year $3,794,349

  • 23 · Secured mortgages and notes payable

    beginning of year $352,154 · end of year $352,154

  • 24 · Unsecured notes and loans payable

    beginning of year $238,148

  • 25 · Other liabilities

    beginning of year $0 · end of year $21,282

  • 27 · Net assets without donor restrictions

    beginning of year $25,118,463 · end of year $25,866,280

Mission and programs · 2022

Mission

THE SUCCESS OF SOUTHEASTERN KENTUCKY REHABILITATION INDUSTRIES (SEKRI) CAN NOT BE MEASURED IN TERMS OF DOLLARS OF REVENUES OR NUMBERS OF CONTRACTS FILLED. THE TRUE SUCCESS OF SEKRI IS MEASURED IN THE NUMBER OF LIVES POSITIVELY IMPACTED BY THE GROWTH OF THE ORGANIZATION.AS A 501(C)3 NOT-FOR-PROFIT ORGANIZATION, SEKRI'S GOAL IS TO PROVIDE EMPLOYMENT OPPORTUNITIES FOR SIGNIFICANTLY DISABLED INDIVIDUALS IN THE APPALACHIAN REGION OF THE UNITED STATES. LONG RECOGNIZED AS AN AREA THAT LAGS BEHIND THE REST OF THE COUNTRY IN EDUCATION AND EMPLOYMENT, THIS REGION IS POPULATED WITH THOUSANDS OF PERSONS SEEKING A WAY TO IMPROVE THEIR QUALITY OF LIFE. THE CYCLE IS DIFFICULT TO BREAK - EMPLOYERS GENERALLY WILL NOT COME TO AN AREA WHERE THE WORKFORCE IS UNEDUCATED AND UNTRAINED. YET WITHOUT JOBS, THE WORKFORCE CAN DO LITTLE TO DEVELOP THE SKILLS EMPLOYERS ARE LOOKING TO FIND.

Activities or mission (Part I)

PROVIDE EMPLOYMENT OPPORTUNITIES FOR SIGNIFICANTLY DISABLED INDIVIDUALS IN THE APPALACHIAN REGION

  • SEKRI HAS EXPERIENCED CONSIDERABLE SUCCESS IN SUPPLYING EMPLOYMENT OPPORTUNITIES FOR SIGNIFICANTLY DISABLED INDIVIDUALS THROUGHOUT THE APPALACHIAN REGION. WITH FOUR FACILITIES LOCATED IN SOUTHEASTERN KENTUCKY AND ONE LOCATED IN NORTHEASTERN TENNESSEE, SEKRI HAS BEEN ABLE TO PROVIDE EMPLOYMENT TO INDIVIDUALS IN ONE OF THE POOREST AREAS OF THE NATION. CHOOSING TO LOCATE IN AN AREA NEGLECTED BY MANY OTHER BUSINESSES, SEKRI HAS PROVIDED MUCH NEEDED ECONOMIC SUPPORT TO THE APPALACHIAN REGION. OPERATING UNDER THE JAVITS-WAGNER-O'DAY ACT AND THE ABILITY ONE PROGRAM, SEKRI ASSURES THAT A MINIMUM OF 75% OF ALL DIRECT LABOR PERFORMED IN ITS FACTORIES IS DONE BY PERSONS WHO ARE CONSIDERED SIGNIFICANTLY DISABLED BY GOVERNMENT STANDARDS. AS A RESULT, SEKRI NOT ONLY PROVIDES GREAT ECONOMIC SUPPORT TO A SEVERELY DEPRESSED AREA, BUT IT TARGETS THOSE MOST IN NEED.THE DEDICATION TO FOCUS ON THE NEEDS OF INDIVIDUALS IN APPALACHIA HAS NOT BEEN THE EASIEST PATH TO FOLLOW. OFTEN, EDUCATION OR CULTURAL DEFICIENCIES HAVE CAUSED THE ORGANIZATION TO RE-ENGINEER, AUTOMATE, OR OTHERWISE MODIFY THE WORK ENVIRONMENT TO ALLOW EMPLOYEES THE OPTIMUM OPPORTUNITY FOR SUCCESS. THESE MODIFICATIONS ARE GENERALLY VERY COSTLY TO IMPLEMENT. HOWEVER, SEKRI'S COMMITMENT TO THE PEOPLE OF THIS REGION HAS RESULTED IN BENEFITS TO THE INDIVIDUALS WHO LIVE IN THE AREA AS WELL AS TO THE REGION AS A WHOLE.SEKRI IS VERY PROUD TO BE ABLE TO REPORT SO MUCH SUCCESS IN ACHIEVING OUR MISSION OF HELPING PEOPLE HELP THEMSELVES. WE ARE EXCITED THAT SO MANY OF OUR EMPLOYEES HAVE THE OPPORTUNITY TO GAIN SELF-RESPECT, DIGNITY, AND JOB SKILLS THROUGH THEIR INVOLVEMENT WITH THE COMPANY.

    Expenses $29,654,954 · Grants $20,300 · Revenue $39,232,787

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

Listed in Part VII

  • James E Harris

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2.5

  • James Norvell

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2.5

  • Ralph Souleyret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Terry Centers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Albey Brock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Debbie Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Ralph Halcomb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Robert L Miller

    EXECUTIVE DIRECTOR

    Total calculated
    $166,066
    From this org
    $136,464
    From related orgs
    $0
    Other
    $29,602
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,464
    Bonus
    $0
    Other
    $0
    Deferred
    $5,901
    Nontaxable benefits
    $23,701
    Filer's total
    $166,066

  • Barry Perret

    DIRECTOR OF MANUFACTURING

    Total calculated
    $122,903
    From this org
    $102,298
    From related orgs
    $0
    Other
    $20,605
    Hours/week
    40

  • Amanda Farris

    DIRECTOR OF FINANCE

    Total calculated
    $110,283
    From this org
    $97,923
    From related orgs
    $0
    Other
    $12,360
    Hours/week
    40

  • Greg Wilson

    DIRECTOR OF OPERATIONS

    Total calculated
    $118,964
    From this org
    $91,183
    From related orgs
    $0
    Other
    $27,781
    Hours/week
    40

  • Stephen M Anderson

    DIRECTOR OF OUTSIDE SALES

    Total calculated
    $315,463
    From this org
    $295,227
    From related orgs
    $0
    Other
    $20,236
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,227
    Bonus
    $0
    Other
    $0
    Deferred
    $11,915
    Nontaxable benefits
    $8,321
    Filer's total
    $315,463

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

Provenance

Return type
form_990
Tax year
2022
Filed
11 June 2024
IRS schema version
2022v5.0
Source object
202411709349301226

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