2025-05-13T11:39:04-05:00 2024-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2023-07-01 911827109 PRIDE Industries One Inc PRID 9167882100 10030 Foothills Boulevard Roseville CA 95747 Charles Sharp CFO 9167882100 2025-05-08 1 1 Qi Wen Liang P01270238 2099556100 2025-05-08 2023 2025-03-06 01:10:19Z Jeffery Dern 10030 Foothills Boulevard Roseville CA 95747 227958019 0 X www.prideindustries.com X 1997 CA To create employment for people with disabilities. 12 12 1985 15 0 0 12337990 11561938 169480379 180541279 100350 24387 19756840 21795129 201675559 213922733 0 0 0 0 104994888 101949088 0 0 0 95704207 103401974 200699095 205351062 976464 8571671 75230702 67717649 86580228 70495504 -11349526 -2777855 X To create employment for people with disabilities. 0 0 184762895 0 202336408 See Schedule OPRIDE Industries One, Inc. creates employment for people with disabilities. As 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 we share our expertise with other organizations aiming to build inclusive workforces. Our tailored employment services include vocational training, on-the-job support, scholarships, and paid internships. In addition to supporting people with disabilities, we also assist veterans, former foster youth, and trafficking survivors.Our programs for people with disabilities are designed to enhance personal and professional growth as well as increased independence. Each participant's plan is customized to their strengths, abilities, and goals. For the year ending June 30, 2024, PRIDE Industries One, Inc., in connection with PRIDE Industries, provided employment and services to more than 4,600 individuals with diverse intellectual, developmental, physical, sensory, or mental health disabilities. As a nonprofit social enterprise, we create jobs within our own business operation and through partnerships with other employers. Nearly 300 individuals with disabilities were employed on commercial contracts with PRIDE Industries One, Inc. In 2024, the Manufacturing and Logistics Service operations earned AS9100D certification, a quality management system standard, that enables us to serve military and aerospace industry partners.Additionally, our fleet of buses provides essential transportation for people who are unable to drive to work, training, and other vital services. In the year ending June 30, 2024, we provided over 104,000 individual rides to help people with disabilities access work, training and critical services. 184762895 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 51 0 1 1985 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X Stephanie Goin 9167882100 10030 Foothills Blvd Roseville CA 95747 Jeffery Dern President/CEO 18.00 22.00 X 0 535899 189000 Charles Sharp Chief Financial Officer 18.00 22.00 X 0 318659 60743 Saul Lozano Electrician - SRO 40.00 0.00 X 0 303593 31082 Casey Blake - Chief Operations Officer (Thru 02/23) 18.00 22.00 X 0 327269 3610 Alexander Tardif Fire Alarm Mechanic, SRO 40.00 0.00 X 0 307975 9711 Coty Reid Fire Alarm Mechanic, SRO 40.00 0.00 X 0 278577 20638 Aaron Peppers Fire Alarm System Mechanic, NRO 40.00 0.00 X 0 246556 32286 Jeffrey Perez HVAC Technician, SRO 40.00 0.00 X 0 252614 15 Tina Oliveira Chief HR Officer/Corp Sec. 18.00 22.00 X 0 214937 31108 Luis Torres-Acosta - SVP of Mfg, Log, & Eng Svc (Eff 08/23) 40.00 0.00 X 0 209030 5079 Bob Olsen Chairman of the Board 1.00 3.00 X X 0 0 0 Judson Riggs Vice Chairman of the Board 1.00 1.00 X X 0 0 0 Mike Snegg Board Treasurer 1.00 1.00 X X 0 0 0 Sandy Smoley Board Member 1.00 1.00 X 0 0 0 Jim Barone Board Member (Thru 04/24) 1.00 3.00 X 0 0 0 Ed Bonner Board Member 1.00 1.00 X 0 0 0 Dawn Clayton Board Member 1.00 1.00 X 0 0 0 Dorene Dominguez Board Member (Thru 11/23) 1.00 1.00 X 0 0 0 Rob Lynch Board Member 1.00 1.00 X 0 0 0 Nadder Mirsepassi Board Member 1.00 1.00 X 0 0 0 Ronald J Mittelstaedt Board Member (Thru 07/23) 1.00 1.00 X 0 0 0 Walter Payne Board Member 1.00 1.00 X 0 0 0 Marco Rodriguez Board Member 1.00 1.00 X 0 0 0 H Rao Unnava Board Member 1.00 1.00 X 0 0 0 Larry Welch Board Member 1.00 1.00 X 0 0 0 0 2995109 383272 126 0 1 0 PRIDE Industries 10030 Foothills Boulevard Roseville CA 95747 Management Services 21610269 Maier International Inc 10651 Hickson Street El Monte CA 91731 Subcontractor 11681938 Tk Elevator Corporation 24 Executive Park Suite 200 Irvine CA 92614 Subcontractor 4081942 Acco Engineered Systems Inc 9290 Beatty Drive Sacramento CA 95826 Subcontractor 3834515 Mark Scott Construction Inc 2835 Contra Costa Boulevard Pleasant Hill CA 94523 Subcontractor 3004420 55 11373790 188148 11561938 Facility Services 561700 176966256 176966256 Program Fees 485000 3492769 3492769 Other 561300 82254 82254 180541279 37 37 147237 122887 24350 24350 24350 35707528 13912399 21795129 21795129 213922733 202336408 0 24387 X 352679 352679 82979200 82979200 579304 579304 11303923 11303923 6733982 6733982 23567852 3189192 20378660 27265 10465 16800 55371797 55371797 146073 146073 2184623 2184623 93210 93210 4786273 4786273 428134 428134 45768 45768 253892 152335 101557 2211865 2121746 90119 323384 323384 Direct Materials 6459851 6459851 Workers Compensation 4049409 4049409 Vehicle Expense 2430068 2430068 Emp Recruit & Training 932459 932459 90051 89020 1031 205351062 184762895 20588167 0 1366 917 43994849 36189656 8960280 8024121 314125 465365 26861661 13023970 14941679 13837691 218977 200729 6799426 8999170 75230702 67717649 13613864 13260767 19697 0 72946667 57234737 86580228 70495504 X -11349526 -2777855 -11349526 -2777855 75230702 67717649 8571671 0 X 0 1 X 1 1 1 X X X 1 PRIDE Industries 941650529 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2181853 2181853 10596761 2073768 8522993 972985 949840 23145 10054897 8394220 1660677 3055165 1606142 1449023 13837691 Deposits 130204 Operating Lease ROU Assets, Net 6513841 Financed Lease ROU Assets, Net 2353842 Other Assets 1283 8999170 Related Organization Payable 48328256 Operating Lease Obligation 6681271 Financed Lease Obligation 2225210 57234737 X Part X, Line 2: In the event the Company had a tax position that was uncertain of being sustained, the Company would apply the minimum probability threshold specified in accounting guidance on income tax accounting to determine whether a financial statement liability or benefit should be recognized. There were no uncertain tax positions at June 30, 2024 and 2023. X X X X 1 1 1 1 0 0 0 0 0 0 0 Jeffery Dern President/CEO 0 497409 0 0 0 38490 0 155750 0 33250 0 724899 0 0 Charles Sharp Chief Financial Officer 0 317141 0 0 0 1518 0 24125 0 36618 0 379402 0 0 Saul Lozano Electrician - SRO 0 303593 0 0 0 0 0 2341 0 28741 0 334675 0 0 Casey Blake - Chief Operations Officer (Thru 02/23) 0 59185 0 0 0 268084 0 0 0 3610 0 330879 0 37884 Alexander Tardif Fire Alarm Mechanic, SRO 0 307975 0 0 0 0 0 0 0 9711 0 317686 0 0 Coty Reid Fire Alarm Mechanic, SRO 0 278577 0 0 0 0 0 0 0 20638 0 299215 0 0 Aaron Peppers Fire Alarm System Mechanic, NRO 0 246556 0 0 0 0 0 1485 0 30801 0 278842 0 0 Jeffrey Perez HVAC Technician, SRO 0 252614 0 0 0 0 0 0 0 15 0 252629 0 0 Tina Oliveira Chief HR Officer/Corp Sec. 0 211836 0 0 0 3101 0 0 0 31108 0 246045 0 0 Luis Torres-Acosta - SVP of Mfg, Log, & Eng Svc (Eff 08/23) 0 109037 0 24000 0 75993 0 1181 0 3898 0 214109 0 0 Part I, Line 1a In 2023, as part of the relocation offer package, a total of $11,165 was approved and disbursed to the SVP of Manufacturing, Logistics and Engineering and Project Services to cover temporary housing and travel expenses for him and his companion(s). Tax gross-up payments were also incurred for the SVP of Manufacturing, Logistics and Engineering and Project Services. These benefits were included in taxable income. The company has also incurred business related expenses on a periodic basis for First Class travel for the SVP of Manufacturing, Logistics, and Engineering and Project Services. This was not included in taxable income. 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 Casey Blake received a one-time compensation payment (the contents of which are subject to a confidentiality clause) of $170,400, which is included on 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, 2023, contributions and distributions for the following key executives are as follows: Jeffery Dern - President/CEO: Contributions: $36,500 Distributions: None Casey Blake - Chief Operations Officer (Termed 02/2023): Contributions: None Distributions: $37,884 Charles Sharp - Chief Financial Officer: Contributions: $20,000 Distributions: None 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, 2023, a contribution of $39,750 was made. In 2021, the President/CEO commenced participation in a long-term incentive compensation program. The Board's Compensation Committee annually approves incentive amounts ranging from 0% to 7.5% of the President/CEO's base salary, based on both individual and Company performance. These approved amounts are accrued each year and paid out in a lump sum every five years, contingent upon continued employment. For the Calendar year ended December 31, 2023, the Compensation Committee approved an accrual of $79,500, including a retroactive accrual for the year ended December 31, 2022. 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. Form 990, Part VI, Section A, line 8b PRIDE Industries One, Inc. does not have any committees of the board. Form 990, Part VI, Section B, line 11b The accounting department consults with various departments in the compiling of the Form 990. In addition, a nationally recognized CPA firm consults on the preparation and review of the form. The CFO reviews and approves the data and completed form before providing it to the President/CEO and Board members for their review prior to filing. Form 990, Part VI, Section B, line 12c Board members and officers are required to complete an annual disclosure form identifying business interests, employment relationships and property interests, and those of related parties. The President/CEO and Board Chair review the disclosures for potential conflicts of interest and consult legal counsel as necessary. The Board Chair may ask involved individuals to recuse themselves during discussions on any matter related to a potential conflict. No director shall vote on any issue involving a financial or personal conflict of interest, or participate in decisions in matters directly involving related parties. All key employees, including officers, are required to participate in annual training on the organization's Code of Business Ethics which includes a discussion of conflicts of interest. Training compliance is monitored by electronic acceptance and acknowledgement of the policies within the Company's electronic training platform. Form 990, Part VI, Section B, line 15 All of PRIDE Industries One, Inc.'s employees are compensated by PRIDE Industries, a related organization, as the common paymaster. Salary surveys of benchmark jobs are used to determine wage ranges of key employees and executives. Market-available wage data, job performance, and current market conditions are used to determine appropriate compensation levels. The company contracts with a leading HR consulting firm to analyze the compensation of certain executives. The Board Compensation Committee of PRIDE Industries reviews surveys from similarly sized nonprofit and for-profit organizations, taking into account relative factors including revenues, employee counts and competitive market position. The Compensation Committee of the Board reviews and approves compensation for the President/CEO and CFO. The CFO is excluded from involvement in the process. Form 990, Part VI, Section C, line 19 Audited financial statements, governing documents and conflict of interest policies are made available to the general public upon request. Form 990, Part IX, line 11g Consulting & Professional Fees: Program service expenses 755,669. Management and general expenses 0. Fundraising expenses 0. Total expenses 755,669. Contractor Reimbursement Expense: Program service expenses 10,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,800. Contractor Labor: Program service expenses 596,356. Management and general expenses 0. Fundraising expenses 0. Total expenses 596,356. Subcontractor Expense: Program service expenses 11,710,899. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,710,899. Contract Disposal Services: Program service expenses 164,605. Management and general expenses 0. Fundraising expenses 0. Total expenses 164,605. Other Service Fees: Program service expenses 42,133,468. Management and general expenses 0. Fundraising expenses 0. Total expenses 42,133,468. Form 990, Part V, Line 2a: The compensation expense for PRIDE Industries One, Inc. is paid by PRIDE Industries. The company's compensation expense on Form 990, Part IX reflects 1,985 employees who are paid by PRIDE Industries as the common paymaster. PRIDE Industries 10030 Foothills Blvd Roseville CA 95747 941650529 To create employment for people with disabilities CA 501(c)(3) Line 10 N/A 0 PRIDE Government 10030 Foothills Blvd Roseville CA 95747 942446765 Helping people with disabilities prepare for employment CA 501(c)(3) Line 10 PRIDE Industries 0 PRIDE Federal 10030 Foothills Blvd Roseville CA 95747 260226018 Building & landscape maintenance CA N/A C 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1 1