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Nonprofiteer
← CENTER INDUSTRIES CORPORATION

Form 990 for tax year 2024

Filed by CENTER INDUSTRIES CORPORATION.

Totals

Total revenue
$37,799,738
Total expenses
$35,379,385
Contributions and grants received
$0
Grants paid
$1,148
Program service revenue
$37,070,814
Investment income
$728,924
Other revenue
$0
Total assets, end of year
$41,475,758
Total liabilities, end of year
$2,894,982
Net assets or fund balances, end of year
$38,580,776
Program services expenses (Part IX)
$33,591,686
Management and general expenses
$1,787,699
Fundraising expenses
$0
Program service expenses (Part III)
$33,591,686

Program services were 94.9% 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: MANUFACTURING

    total $36,967,062 · related or exempt $36,967,062

  • 2b · Program service revenue: PRINT SHOP

    total $103,752 · related or exempt $103,752

  • 3 · Investment income

    total $683,249 · excluded $683,249

  • 7a · Gross sales of assets other than inventory

    securities $89,803

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

    securities $44,128

  • 7c · Gain or loss

    securities $45,675

  • 7d · Net gain or loss

    total $45,675 · excluded $45,675

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,148 · program services $1,148

  • 5 · Compensation of officers, directors and key employees

    total $525,178 · management and general $525,178

  • 7 · Other salaries and wages

    total $629,493 · management and general $629,493

  • 8 · Pension plan contributions

    total $26,781 · management and general $26,781

  • 9 · Other employee benefits

    total $120,482 · management and general $120,482

  • 10 · Payroll taxes

    total $102,342 · management and general $102,342

  • 11c · Fees: accounting

    total $93,783 · management and general $93,783

  • 11f · Fees: investment management

    total $6,007 · management and general $6,007

  • 13 · Office expenses

    total $77,416 · management and general $77,416

  • 14 · Information technology

    total $42,107 · management and general $42,107

  • 17 · Travel

    total -$1,771 · management and general -$1,771

  • 19 · Conferences, conventions and meetings

    total $739 · management and general $739

  • 20 · Interest

    total $39,015 · management and general $39,015

  • 22 · Depreciation, depletion and amortization

    total $42,881 · management and general $42,881

  • 23 · Insurance

    total $74,613 · management and general $74,613

  • 24a · Other expenses: COST OF GOODS SOLD

    total $29,561,564 · program services $29,561,564

  • 24b · Other expenses: WAGES

    total $3,990,956 · program services $3,990,956

  • 24c · Other expenses: CANTEEN EXPENSE

    total $20,135 · program services $20,135

  • 24d · Other expenses: CPRFK ADMINISTRATIVE

    total $17,883 · program services $17,883

  • 24e · All other expenses

    total $8,633 · management and general $8,633

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,111,834 · end of year $8,304,547

  • 4 · Accounts receivable

    beginning of year $7,388,785 · end of year $7,167,072

  • 8 · Inventories for sale or use

    beginning of year $16,281,860 · end of year $15,750,827

  • 9 · Prepaid expenses and deferred charges

    beginning of year $105,579 · end of year $140,610

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

    $27,301,609

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

    $18,586,231

  • 10c · Land, buildings and equipment, net

    beginning of year $10,369,439 · end of year $8,715,378

  • 11 · Investments: publicly traded securities

    beginning of year $1,263,262 · end of year $1,394,963

  • 14 · Intangible assets

    beginning of year $2,327,914 · end of year $0

  • 15 · Other assets

    beginning of year $97,519 · end of year $2,361

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,248,027 · end of year $2,484,962

  • 23 · Secured mortgages and notes payable

    beginning of year $772,527 · end of year $410,020

  • 27 · Net assets without donor restrictions

    beginning of year $38,925,638 · end of year $38,580,776

Mission and programs · 2024

Mission

CENTER INDUSTRIES CORPORATION IS A DIVERSE MANUFACTURING ENTITY WHICH PROVIDES DIGNIFIED EMPLOYMENT OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES AS MEMBERS OF A FULLY INTEGRATED WORK FORCE.

Activities or mission (Part I)

TO PROVIDE MEANINGFUL EMPLOYMENT FOR THE PHYSICALLY DISABLED

  • 75% OF DIRECT LABOR WORKFORCE CONSISTS OF DISABLED INDIVIDUALS WORKING IN A MANUFACTURING ENVIRONMENT. EMPLOYEES EARN COMPETITIVE WAGES AND RECEIVE BENEFITS SUCH AS HEALTH INSURANCE, HOLIDAY PAY, VACATION, AND SICK LEAVE.

    Expenses $33,591,686 · Grants $1,148 · Revenue $37,070,814

As filed on the 2024 return.

Listed in Part VII

  • Daniel F Augustin

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Robert P Daniels

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Michael C Burrus

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Russell Meyer III

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Sarah Devries

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Dave Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Dr Tim Koehler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Dee Ann McIntyre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Pete Meitzner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Patrick Terick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Daniel J Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Daniel Taylor Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • Patrick T Jonas

    BOARD LIAISON TO CIC

    Total calculated
    $228,446
    From this org
    $0
    From related orgs
    $207,355
    Other
    $21,091
    Hours/week
    0.3 + 44.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,355 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,221 related
    Nontaxable benefits
    $0 + $14,870 related
    Filer's total
    $0 + $228,446 related

  • Peter Jonas

    PRESIDENT

    Total calculated
    $305,273
    From this org
    $282,391
    From related orgs
    $0
    Other
    $22,882
    Hours/week
    39.7 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $282,391
    Bonus
    $0
    Other
    $0
    Deferred
    $9,004
    Nontaxable benefits
    $13,878
    Filer's total
    $305,273

  • Mike Dassel

    DIRECTOR OF FINANCE

    Total calculated
    $219,905
    From this org
    $199,891
    From related orgs
    $0
    Other
    $20,014
    Hours/week
    39.7 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $199,891
    Bonus
    $0
    Other
    $0
    Deferred
    $6,124
    Nontaxable benefits
    $13,890
    Filer's total
    $219,905

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 March 2026
IRS schema version
2024v5.5
Source object
202610729349300901

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