2019-04-26T09:13:06-05:00 2018-06-30 113266576 GRASSI & CO CPA'S PC 50 JERICHO QUADRANGLE JERICHO NY 11753 990 2017-07-01 133882284 THE CORPORATE SOURCE INC CORP 5164195882 1225 FRANKLIN AVENUE SUITE 335 GARDEN CITY NY 11530 MICHAEL KRAMER CEO 5164195882 2019-04-24 1 DAVID ROTTKAMP P01303468 5162563500 2019-04-24 24.38.5.2 2019-04-24 18:32:21 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2017 2019-02-21 02:37:17Z MICHAEL KRAMER 1225 FRANKLIN AVE STE 335 GARDEN CITY NY 11530 23570643 0 X N/A X 1996 NY THE CORPORATE SOURCE, INC. PROVIDES OPPORTUNITIES FOR PEOPLE WITH DISABILITIES TO OBTAIN COMPETITIVE EMPLOYMENT THROUGH LONG-TERM CONTRACTS WITH GOVERNMENT AGENCIES AND BUSINESSES. EMPLOYEES ARE TRAINED AND SUPPORTED FOR ON THE JOB SUCCESS. 7 7 397 0 0 530 47145 99990 21931630 23415846 9531 38343 44725 11137 22033031 23565316 0 0 0 0 13344982 14522777 0 0 27950 6520455 7143463 19865437 21666240 2167594 1899076 11716716 13820761 2201303 2406272 9515413 11414489 THE CORPORATE SOURCE, INC. PROVIDES OPPORTUNITIES FOR PEOPLE WITH DISABILITIES TO OBTAIN COMPETITIVE EMPLOYMENT THROUGH LONG-TERM CONTRACTS WITH GOVERNMENT AGENCIES AND BUSINESSES. EMPLOYEES ARE TRAINED AND SUPPORTED FOR ON THE JOB SUCCESS. 0 0 18280266 23415846 THE CORPORATE SOURCE, INC. (TCS) WAS ESTABLISHED TO CREATE EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH DISABILITIES BY SECURING CONTRACTS WITH THE GOVERNMENT AND PRIVATE SECTOR THROUGH THESE LONG- TERM CONTRACTS. TCS LINKS TRAINING PROGRAM GRADUATES AND OTHERS TO PAYING, STEADY AND SECURE JOBS. TCS PLACES INDIVIDUALS IN JOBS, PROMOTING INCLUSION IN THE WORKFORCE, GREATER FINANCIAL INDEPENDENCE, PRODUCTIVITY AND PRIDE AMONG PEOPLE WITH DISABILITIES IN NEW YORK CITY, LONG ISLAND, WESTCHESTER, PUERTO RICO AND US VIRGIN ISLANDS. TCS EMPLOYED 389 INDIVIDUALS IN 57 LOCATIONS DURING THE 2018 FISCAL YEAR. 18280266 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 70 0 1 397 1 1 1 0 0 0 0 1 1 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X KELLY QUINN 5164195882 1225 FRANKLIN AVENUE SUITE 335 GARDEN CITY NY 11530 JEROME D BLAINE CHAIRMAN 1.00 X X 0 0 0 BENJAMIN DEYOUNG SECRETARY 1.00 X X 0 0 0 ROBERT LEVIN TREASURER 1.00 X X 0 0 0 SCOTT D STELK TRUSTEE 1.00 X 0 0 0 JOSEPH LIZZIO TRUSTEE 1.00 X 0 0 0 MARGARET M MADDEN TRUSTEE 1.00 X 0 0 0 MICHAEL FENNESSY TRUSTEE 1.00 X 0 0 0 MICHAEL KRAMER CEO 40.00 X 312675 0 33024 MARGARET BROWN COO 40.00 X 222688 0 38232 KELLY QUINN CFO 40.00 X 230749 0 11537 JOE GARCIA VP OF CARIBBEAN REGION 40.00 X 120702 0 13298 SCOTT LAPOFF DIRECTOR OF FINANCE 40.00 X 150907 0 7545 ANTHONY GARGIULO PROJECT MANAGER 40.00 X 102481 0 21082 ATIF AKYUREK SR. SUPERVISOR 40.00 X 118455 0 7016 1258657 0 131734 7 0 1 0 ABM ENGINEERING 551 FIFTH AVE NY NY 10176 ENGINEERING 2385085 SCHINDLER ELEVATOR PO BOX 93050 CHICAGO IL 60673 ELEVATOR MAINTENANCE 194147 MORRISON COHEN LLP 909 THIRD AVENUE NY NY 10022 LEGAL 128338 CLIFTON BUDD & DEMARIA LLP 350 FIFTH AVENUE 61ST FLOOR NY NY 10118 LEGAL 112616 4 13777 86213 99990 SERVICE AGREEMENT - SOURCE AMERIC 900099 16324308 16324308 SERVICE AGREEMENT NYS IND. 900099 5681972 5681972 SERVICE INCOME 900099 1071798 1071798 NYS DOE & PR VOCATIONAL REHAB 900099 337768 337768 23415846 38343 38343 1235 13777 5327 -4092 -4092 OTHER REVENUE 900099 15229 15229 15229 23565316 23415846 0 49480 X 871252 871252 9764299 9103645 660654 1288120 1262123 25997 1193691 1170070 23621 1405415 1250181 155234 535902 535902 50296 50296 387505 42172 345333 247373 104403 115020 27950 64131 655 63476 173614 6636 166978 224826 142382 82444 17902 569 17333 101159 64893 36266 165277 24066 141211 REPAIRS AND MAINTENANCE 3509199 3507404 1795 0 CLEANING SUPPLIES 795832 793793 2039 0 COMMISSION 598465 598465 0 EQUIPMENT 130254 117326 12928 0 141728 91483 50245 21666240 18280266 3358024 27950 1447304 1196945 6503952 9012312 3154580 3099270 300651 266184 1538089 1292039 310229 246050 11716716 13820761 1952248 1856782 249055 549490 2201303 2406272 X 9515413 11414489 9515413 11414489 11716716 13820761 1899076 0 X X 0 1 X 1 0 X 45964 38990 45400 47145 99990 277489 16508190 18068180 21181476 21931630 23415846 101105322 16554154 18107170 21226876 21978775 23515836 101382811 0 0 0 101382811 6110 3751 6295 9531 38343 64030 6110 3751 6295 9531 38343 64030 15229 15229 16560264 18110921 21233171 21988306 23569408 101462070 0.99920 0.99970 0.00060 0.00030 X 1374014 1187165 186849 164075 104874 59201 246050 DEFERRED RENT LIABILITY 49490 OTHER LIABILITY 500000 549490 X 23570643 0 23570643 -5327 -5327 23565316 21671567 0 21671567 -5327 -5327 21666240 PART X, LINE 2: TCS APPLIES THE PROVISIONS PERTAINING TO UNCERTAIN TAX PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TCS IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. TCS BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS PRIOR TO 2015. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL REVEUNE EVENT EXPENSE NETTED AGAINST 990 -5,327. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED AGAINST REVENUE ON 990 -5,327. FISHING OUTING 15012 13777 1235 5327 15012 13777 1235 5327 5327 -4092 X X X 0 0 0 0 0 0 0 0 0 MICHAEL KRAMER CEO 312675 0 0 0 0 0 13500 0 19524 0 345699 0 0 0 MARGARET BROWN COO 222688 0 0 0 0 0 11134 0 27098 0 260920 0 0 0 KELLY QUINN CFO 230749 0 0 0 0 0 11537 0 0 0 242286 0 0 0 SCOTT LAPOFF DIRECTOR OF FINANCE 150907 0 0 0 0 0 7545 0 0 0 158452 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS REVIEWED BY THE FULL BOARD FOR COMMENT AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ANNUALLY SIGNS AND DISCLOSES ANY POTENTIAL CONFLICTS OF INTEREST. DURING NEW HIRE ORIENTATION ALL EMPLOYERS ARE INTRODUCED TO THE ORGANIZATION'S EMPLOYEE HANDBOOK WHICH INCLUDES A POLICY THAT DEFINES CONFLICTS OF INTEREST AND REQUIRES STAFF TO AVOID ANY CONFLICTS OF INTEREST AND NOTIFY THEIR SUPERVISOR IF A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15A THE TCS BOARD ENGAGED AN INDEPENDENT CONSULTANT TO PROVIDE A COMPREHENSIVE COMPENSATION STUDY. THE STUDY PERFORMED INCLUDED ORGANIZATIONS OF SIMILAR SIZE AND FUNCTION. THE STUDY INCLUDED TWO EXECUTIVE STAFF AND WAS REVIEWED AND UTILIZED BY THE BOARD FOR DETERMINING ANNUAL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 42,172. MANAGEMENT AND GENERAL EXPENSES 345,333. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 387,505. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.