Overview
What is Trace Inc?
Trace Inc is a nonprofit organization located in Boise, Idaho, with a PO Box address at 140309. Their mission revolves around providing education, training, and employment opportunities for individuals with disabilities. They accomplish this through federal service contracts set aside under the Javits Wagner-O'Day (JWOD) Act for nonprofit entities that primarily employ the disabled. Additionally, Trace Inc manages a zoo as a vocational training facility. This comprehensive approach aims to empower and skill individuals with disabilities, enabling them to achieve independence and personal growth.
What are the reviews and ratings of this charity?
Charity Navigator rates Trace Inc at 79%, granting it a Three-Star out of Four Star rating. This score reflects a strong emphasis on accountability and finance, with the organization achieving a perfect score in several key areas, including the independence of its board members and the absence of material asset diversion.
Trace Inc's strengths lie in its well-structured governance and financial practices. The board is composed entirely of independent members, demonstrating a commitment to transparency and oversight. Additionally, the organization showcases exceptional performance in program spending, with nearly all expenses directed towards its programs, indicating effective use of funds.
However, while the organization has a solid rating, it is important to note that the score is based solely on the Accountability & Finance category. There may be other important factors related to program effectiveness and impact that are not captured in this rating, so stakeholders should consider looking for additional information regarding the outcomes of Trace Inc’s initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Trace Inc legitimate?
Trace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trace Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $764,263
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,346,872
For more financial information, click here
What is the mission statement of Trace Inc?
Trace Inc is dedicated to providing education, training, and employment opportunities to individuals with disabilities. They accomplish this mission through federal service contracts set aside under the Ability One Act for non-profit organizations primarily employing the disabled. The company creates a vocational training environment where individuals can learn new skills and build their careers. In addition to this, Trace Inc operates a zoo as a unique training facility, further expanding the range of learning experiences for those they serve.
Who is the CEO of Trace Inc?
Cheryl Harris is the Vice Preside of Trace Inc.
What is the revenue of Trace Inc?
Trace Inc's revenue in 2022 was $31,425,666.
Who are the executives of Trace Inc and what are their salaries?
The average compensation at Trace Inc during 2022 was $12,490. There are 1370 employees at Trace Inc.
Here are 5 key members and their salaries:
- Compensation: $222,500
- Related: $0
- Other: $8,412
- Compensation: $210,000
- Related: $0
- Other: $8,941
- Compensation: $210,000
- Related: $0
- Other: $8,677
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Trace Inc?
Trace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trace Inc
Trace Inc, a renowned nonprofit organization, is dedicated to making a difference in the lives of the disabled community. Its mission is threefold: education, training, and employment. By providing these essential services, Trace Inc aims to empower the disabled population and enable them to reach their full potential.
The organization's commitment to its cause is demonstrated through the utilization of set-aside federal service contracts, reserved under the AbilityOne Act, for nonprofit entities primarily employing the disabled. This act allows Trace Inc to secure contracts that specifically prioritize the employment of individuals with disabilities, fostering an inclusive work environment and creating opportunities for personal and professional growth.
In addition to its contract work, Trace Inc operates a unique vocational training facility in the form of a zoo. This innovative approach combines the benefits of animal care and educational opportunities to develop valuable skills and knowledge among its trainees. By learning various aspects of zoo management, the disabled individuals not only gain practical experience but also contribute to the well-being of the animals under their care. This holistic training environment enables Trace Inc to effectively prepare its trainees for successful employment opportunities outside the organization.
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Impact
October, 2024
Trace Inc significantly impacts its community by providing education, training, and employment opportunities for individuals with disabilities. By creating a vocational training environment, it empowers participants to develop essential skills that enhance their employability and independence. Utilizing federal service contracts under the AbilityOne program, Trace Inc ensures sustained funding while focusing on the inclusion and professional growth of people with disabilities.
Moreover, its unique approach includes operating a zoo as a vocational training facility, offering hands-on experience in various roles, which helps participants gain confidence and practical skills in a supportive setting. This dual focus on employment and training not only enriches the lives of those it serves but also fosters a more inclusive workforce in the Boise community and beyond.
This information is meant to be a general summary of Trace Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$450,212
- Program Service Revenue: $31,866,359
- Gross Receipts: $35,133,684
Assets and Liabilities:
- Total Assets: $23,394,156
- Total Liabilities: $2,104,522
- Net Assets: $21,289,634
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$31,866,359
Organization Details
Founding Year
1993
Phone
(208) 939-4350Principal Officer
Cheryl Harris
Main Address
PO BOX 140309, BOISE, ID, 83714
NTEE Category
Code: J30 - Employment
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