South Bay Workforce Investment Board Inc
- Assets
- $11.0m
- Revenue
- $34.7m
- Investments
- $0.0
- Employees
- 2,422
- Location
- Hawthorne, CA
- Founding
- 06/2002
- Data as of
- 06/2023
- EIN
- 01-0611872
Organization Overview
South Bay Workforce Investment Board Inc is located in Hawthorne, CA. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, South Bay Workforce Investment Board Inc employed 2,422 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Bay Workforce Investment Board Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, South Bay Workforce Investment Board Inc generated $34.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $33.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP, ADMINISTER AND COORDINATE SOUTH BAY WORKFORCE INVESTMENT BOARD, INC. ACTIVITIES AS OUTLINED IN THE WORKFORCE INNOVATION AND OPPORTUNITY ACT OF 2014 AND OTHER RELATED LAWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DHHS/DPSS - SINGLE ALLOCATION: GAIN, STEP, WORKSTUDY, DCFS, GROW, DCFS PROBATION, YOUTH JOBS. IN ITS CAPACITY AS INTERMEDIARY CONTRACTOR, THE ORGANIZATION ACTS AS "EMPLOYER OF RECORD" FOR THE PROGRAM AND PAYS ELIGIBLE PARTICIPANTS TO WORK AT SUBCONTRACTED PUBLIC, NON-PROFIT AND PRIVATE FOR PROFIT AGENCIES ACROSS LA COUNTY, PROVIDING MONETARY INCENTIVE FOR PARTICIPANTS TO WORK IN A REAL-WORLD WORK ENVIRONMENT. PARTICIPANTS LEARN NEW SKILLS WHICH HELP WITH THEIR CONFIDENCE AND SELF ESTEEM, ALONG WITH THE DEVELOPMENT OF GOOD WORK HABITS AND THE ESTABLISHMENT OF A RECENT WORK HISTORY. QUALITY TRANSITIONAL SUBSIDIZED EMPLOYMENT PROGRAM ASSIGNMENTS HELP PREPARE THE PARTICIPANTS FOR FULL TIME, UNSUBSIDIZED EMPLOYMENT AND SELF-SUFFICIENCY BY ENCOURAGING RESPONSIBILITY, DEPENDABILITY AND A STRONG WORK ETHIC.
YOUTHBUILD PROVIDES DISADVANTAGED YOUTH WITH THE EDUCATION AND EMPLOYMENT SKILLS NECESSARY TO ACHIEVE ECONOMIC SELF-SUFFICIENCY IN OCCUPATIONS IN HIGH DEMAND AND POST-SECONDARY EDUCATION AND TRAINING OPPORTUNITIES; OPPORTUNITIES FOR MEANINGFUL WORK AND SERVICE TO THEIR COMMUNITIES; AND OPPORTUNITIES TO DEVELOP EMPLOYMENT AND LEADERSHIP SKILLS AND A COMMITMENT TO COMMUNITY DEVELOPMENT AMONG YOUTH IN LOW-INCOME COMMUNITIES.
THE ORGANIZATION RECEIVES GRANTS AND CONTRIBUTIONS FROM GOVERNMENT AS WELL AS FOR-PROFIT AND NON-PROFIT ORGANIZATIONS TO PROVIDE VARIOUS PROGRAMS THAT ASSIST IN JOB TRAINING AND PLACEMENT IN HIGH-GROWTH AND EMERGENCY INDUSTRY SECTORS.
WORKFORCE INNOVATION AND OPPORTUNITY ACT OF 2014 (WIOA) PROVIDES WORKFORCE DEVELOPMENT SERVICES TO EMPLOYERS AND WORKERS THROUGH A UNIVERSALLY ACCESSIBLE INFORMATION-DRIVEN, AMERICAN JOB CREATION CENTER SYSTEM AND IS A NATIONAL WORKFORCE DEVELOPMENT PROGRAM THAT TARGETS INDIVIDUALS LIVING BELOW OR NEAR THE POVERTY LEVEL, OR DISLOCATED WORKERS, AS WELL AS YOUTH, TO PROVIDE THEM WITH SKILLS NEEDED TO ENTER THE JOB MARKET, FOCUSING ON THE ENERGY EFFICIENCY AND RENEWABLE ENERGY INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tudorita Giulea CFO | Officer | 40 | $147,410 |
Tracey Atkins Gain Unit Manager | 40 | $137,161 | |
Cameron Cox It Manager | 40 | $135,916 | |
Jan Vogel CEO | OfficerTrustee | 23 | $120,837 |
Robert Chavez Operations Manager | 40 | $129,274 | |
Dawn White Hr Manager | 40 | $112,841 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,951,772 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,351,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,302,859 |
| Total Program Service Revenue | $0 |
| Investment income | $19,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $326,379 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,651,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $279,352 |
| Compensation of current officers, directors, key employees. | $231,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,054,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $203,770 |
| Payroll taxes | $605,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,422 |
| Fees for services: Accounting | $61,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,536 |
| Advertising and promotion | $19,249 |
| Office expenses | $899,496 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,260,371 |
| Travel | $248,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $739,434 |
| All other expenses | $0 |
| Total functional expenses | $33,884,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,307,460 |
| Savings and temporary cash investments | $2,945 |
| Pledges and grants receivable | $4,110,245 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,568 |
| Prepaid expenses and deferred charges | $116,694 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,695,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,719,590 |
| Total assets | $10,967,197 |
| Accounts payable and accrued expenses | $2,808,435 |
| Grants payable | $0 |
| Deferred revenue | $5,250 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,677,580 |
| Total liabilities | $4,491,265 |
| Net assets without donor restrictions | $6,475,932 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,967,197 |