Brockton Area Workforce Investment Board Inc
- Assets
- $3.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 86
- Location
- Brockton, MA
- Founding
- 08/2001
- Data as of
- 06/2022
- EIN
- 04-3517254
Organization Overview
Brockton Area Workforce Investment Board Inc, operating under the name Masshire Greater Brockton Workforce Board, is located in Brockton, MA. The organization was established in 2001. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Masshire Greater Brockton Workforce Board employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masshire Greater Brockton Workforce Board 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 06/2022, Masshire Greater Brockton Workforce Board generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 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.
Since 2021, Masshire Greater Brockton Workforce Board has awarded 34 individual grants totaling $320,423. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVING AS COUNCIL TO PROVIDE GUIDANCE, CONTRACT FOR, AND EXERCISE OVERSIGHT TO THE WORKFORCE DEVELOPMENT SYSTEM IN THE BROCKTON SERVICE DELIVERY AREA BY PROMOTING AND ORGANIZING (INCLUDING CONTRACTING FOR) PROGRAMS TO DEVELOP TRAINING AND EMPLOYMENT OPPORTUNITIES IN THE REGION, ENLISTING THE VOLUNTARY SUPPORT AND COOPERATION OF PRIVATE EMPLOYERS AND EMPLOYER GROUPS, PUBLIC AND PRIVATE SERVICE AGENCIES, EDUCATORS AND GOVERNMENTAL BODIES FOR THE PROGRAMS SPONSORED SO AS TO ENHANCE THE ECONOMIC AND SOCIAL WELL BEING OF THE REGION AND ADVISING EXISTING PUBLIC AND PRIVATE EMPLOYMENT AND TRAINING ORGANIZATIONS ON METHODS AND PROGRAMS DESIGNED TO INCREASE JOB PLACEMENTS, AND PROVIDING SPECIAL EMPHASIS TO THE ECONOMICALLY DISADVANTAGED IN ITS PROGRAMS AND SERVICE OFFERINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING AS COUNCIL TO PROVIDE GUIDANCE, CONTRACT FOR, AND EXERCISE OVERSIGHT TO THE WORKFORCE DEVELOPMENT SYSTEM IN THE BROCKTON SERVICE DELIVERY AREA BY PROMOTING AND ORGANIZING (INCLUDING CONTRACTING FOR) PROGRAMS TO DEVELOP TRAINING AND EMPLOYMENT OPPORTUNITIES IN THE REGION, ENLISTING THE VOLUNTARY SUPPORT AND COOPERATION OF PRIVATE EMPLOYERS AND EMPLOYER GROUPS, PUBLIC AND PRIVATE SERVICE AGENCIES, EDUCATORS AND GOVERNMENTAL BODIES FOR THE PROGRAMS SPONSORED SO AS TO ENHANCE THE ECONOMIC AND SOCIAL WELL BEING OF THE REGION AND ADVISING EXISTING PUBLIC AND PRIVATE EMPLOYMENT AND TRAINING ORGANIZATIONS ON METHODS AND PROGRAMS DESIGNED TO INCREASE JOB PLACEMENTS, AND PROVIDING SPECIAL EMPHASIS TO THE ECONOMICALLY DISADVANTAGED IN ITS PROGRAMS AND SERVICE OFFERINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Fernandes Past Chair | Trustee | 2 | $0 |
Joseph Lovetere Chair | OfficerTrustee | 2 | $0 |
Paula Martel Vice Chair | OfficerTrustee | 2 | $0 |
Mary Waldron Clerk | OfficerTrustee | 2 | $0 |
Thomas Thibeault Director | Trustee | 2 | $0 |
Linda Sacchetti Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,542,209 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,546,325 |
| Total Program Service Revenue | $0 |
| Investment income | $185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,611 |
| 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 | $4,577,121 |
| 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. | $306,521 |
| Compensation of current officers, directors, key employees. | $36,763 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $678,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,639 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $210,896 |
| Information technology | $52,054 |
| Royalties | $0 |
| Occupancy | $124,492 |
| Travel | $3,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,814 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,382 |
| Insurance | $5,251 |
| All other expenses | $0 |
| Total functional expenses | $4,521,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,159 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,627,079 |
| 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 | $15,185 |
| Net Land, buildings, and equipment | $1,335,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,481,000 |
| Accounts payable and accrued expenses | $1,274,760 |
| Grants payable | $0 |
| Deferred revenue | $16,149 |
| 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 | $778,511 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,069,420 |
| Net assets without donor restrictions | $1,411,580 |
| 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 | $3,481,000 |
Grants Awarded
Over the last fiscal year, Brockton Area Workforce Investment Board Inc has awarded $320,423 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
A PERFECT PRINT OF BROCKTON INC PURPOSE: JOB TRAINING & PLACE | $10,000 |
A&S MULTI SERVICES PURPOSE: JOB TRAINING & PLACE | $6,650 |
ISIS COUTURE DBA 100 PRINTS THEVAULT PURPOSE: JOB TRAINING & PLACE | $8,955 |
MM AUTOMOTIVE CORP PURPOSE: JOB TRAINING & PLACE | $10,000 |
RIVERS OF HOPE INC PURPOSE: JOB TRAINING & PLACE | $9,500 |
GOLDEN NAILS PURPOSE: JOB TRAINING & PLACE | $9,540 |