Cape And Islands Workforce Development Board Inc
- Assets
- $306.1k
- Revenue
- $818.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Hyannis, MA
- Founding
- 05/1995
- Data as of
- 06/2023
- EIN
- 04-3258248
Organization Overview
Cape And Islands Workforce Development Board Inc, operating under the name Masshire - Cape And Islands, is located in Hyannis, MA. The organization was established in 1995. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2023, Masshire - Cape And Islands employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masshire - Cape And Islands 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, Masshire - Cape And Islands generated $818.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $832.1k during the year ending 06/2023. While expenses have increased by 11.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATON IS A REGIONAL, PRIVATE SECTOR LED AGENCY RESPONSIBLE FOR OVERSEEING ALL PUBLICLY FUNDED VOCATIONAL EDUCTION AND TRAINING PROGRAMS SERVING ALL OF CAPE COD AND THE ISLANDS OF MARTHA'S VINEYARD AND NANTUCKET. IT WAS FORMED TO CARRY OUT THE MANDATES OF THE FEDERAL WORKFORCE INVESTMENT ACT OF 1998.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION GUIDES THE FORMATION AND FOCUS OF A REGIONAL WORKFORCE DEVELOPMENT SYSTEM THAT PROVIDES PEOPLE WITH ACCESS TO TRAINING FOR THE SKILLS THEY NEED TO MEET THE OCCUPATIONAL REQUIREMENTS OF THE AREA'S EMPLOYERS AND SERVES AS A MAJOR LINK BETWEEN THE REGION'S ECONOMIC DEVELOPMENT AGENCIES, TRAINING PROVIDERS, AND CURRENT AND POTENTIAL EMPLOYERS. THE ORGANIZATION IS SUPPORTED PRIMARILY THROUGH CONTRACTS FROM THE COMMONWEALTH OF MASSACHUSETTS' DEPARTMENTS AND QUASI-GOVERNMENTAL ENTITIES.
THE ORGANIZATION GUIDES THE FORMATION AND FOCUS OF A REGIONAL WORKFORCE DEVELOPMENT SYSTEM THAT PROVIDES PEOPLE WITH ACCESS TO TRAINING FOR THE SKILLS THEY NEED TO MEET THE OCCUPATIONAL REQUIREMENTS OF THE AREA'S EMPLOYERS AND SERVES AS A MAJOR LINK BETWEEN THE REGION'S ECONOMIC DEVELOPMENT AGENCIES, TRAINING PROVIDERS, AND CURRENT AND POTENTIAL EMPLOYERS. THE ORGANIZATION IS SUPPORTED PRIMARILY THROUGH CONTRACTS FROM THE COMMONWEALTH OF MASSACHUSETTS' DEPARTMENTS AND QUASI-GOVERNMENTAL ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Richards Chair | OfficerTrustee | 3 | $0 |
Melissa Farrell Treasurer | OfficerTrustee | 1 | $0 |
Sheila Lyons CEO | OfficerTrustee | 1 | $0 |
Lindsay Cole Clerk | OfficerTrustee | 1 | $0 |
Dora Camara Director | Trustee | 1 | $0 |
Kara Galvin Executive Di | Officer | 40 | $110,591 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $804,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $817,859 |
| Total Program Service Revenue | $0 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $818,679 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $299,151 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,544 |
| Advertising and promotion | $7,335 |
| Office expenses | $10,546 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,065 |
| Travel | $15,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,284 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,461 |
| All other expenses | $7,127 |
| Total functional expenses | $832,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,492 |
| Savings and temporary cash investments | $105 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $178,921 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,210 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,400 |
| Total assets | $306,128 |
| Accounts payable and accrued expenses | $249,796 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $249,796 |
| Net assets without donor restrictions | $56,332 |
| 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 | $306,128 |