Futureworks Inc
- Assets
- $2.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 45
- Location
- Springfield, MA
- Founding
- 01/2003
- Data as of
- 06/2023
- EIN
- 04-3580614
Organization Overview
Futureworks Inc, operating under the name Masshire Springfield Career Center, is located in Springfield, MA. The organization was established in 2003. 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 06/2023, Masshire Springfield Career Center employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masshire Springfield Career Center 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 Springfield Career Center generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.0m during the year ending 06/2023. While expenses have increased by 4.8% per year over the past 8 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
ONE STOP CAREER CENTER PROVIDING WORKFORCE DEVELOPMENT SERVICES TO EMPLOYERS AND JOBSEEKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASSHIRE SPRINGFIELD CAREER CENTER PROVIDES WORKFORCE DEVELOPMENT SERVICES TO BUSINESSES (INCLUDING LABOR MARKET INFORMATION, JOB POSTINGS, ON-SITE DIRECT RECRUITMENT, JOB EXPOS AND COMPUTER SKILLS CLASSES) AND JOBSEEKERS (INCLUDING CAREER COUNSELING, RESUME CRITIQUE, COMPUTER CLASSES, ACCESS TO LOCAL JOB POSTINGS, WORKSHOPS ON RELATED TOPICS AND A RESOURCE ROOM EQUIPPED WITH COMPUTERS, COPIER, FAX MACHINES, TELEPHONES, INTERNET ACCESS, AND STAFF ASSISTANCE).IN THIS FISCAL YEAR, MASSHIRE SPRINGFIELD CAREER CENTER PROMOTED CAREER OPPORTUNITIES BY PROVIDING EDUCATIONAL PROGRAMS, CAREER COUNSELING, AND RECRUITING SERVICES TO 9,322 JOBSEEKERS AND 2,760 BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Amaro Director | Trustee | 0.5 | $0 |
Christian Diluzio Director | Trustee | 0.5 | $0 |
Michael Grandfield Director | Trustee | 2 | $0 |
Shayvonne Plummer Director | Trustee | 0.5 | $0 |
Gerardo Zayas Director | Trustee | 0.5 | $0 |
Allison Ebner President | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,990,586 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,001,086 |
| Total Program Service Revenue | $80,978 |
| Investment income | $299 |
| 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 | $3,082,363 |
| 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. | $213,965 |
| Compensation of current officers, directors, key employees. | $159,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,677,816 |
| Pension plan accruals and contributions | $57,527 |
| Other employee benefits | $221,093 |
| Payroll taxes | $171,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,485 |
| Fees for services: Accounting | $25,946 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,534 |
| Advertising and promotion | $106,924 |
| Office expenses | $27,311 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $216,000 |
| Travel | $842 |
| 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 | $48,072 |
| Insurance | $20,133 |
| All other expenses | $32,324 |
| Total functional expenses | $3,015,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,812 |
| Savings and temporary cash investments | $54,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $526,470 |
| 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 | $59,644 |
| Net Land, buildings, and equipment | $296,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,253,951 |
| Total assets | $2,530,054 |
| Accounts payable and accrued expenses | $213,165 |
| Grants payable | $0 |
| Deferred revenue | $199 |
| 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 | $1,253,951 |
| Total liabilities | $1,467,315 |
| Net assets without donor restrictions | $1,062,739 |
| 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 | $2,530,054 |