Futureworks Inc
- Assets
- $1.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 50
- Location
- Springfield, MA
- Founding
- 01/2003
- Data as of
- 06/2022
- 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 06/2022, Masshire Springfield Career Center employed 50 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 06/2022, Masshire Springfield Career Center generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 1.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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
FUTUREWORKS, INC. PROMOTES CAREER OPPORTUNITIES BY PROVIDING EDUCATIONAL PROGRAMS, CAREER COUNSELING, AND RECRUITING SERVICES TO 5,957 JOBSEEKERS AND 3,077 BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Lynn Executive Director | Officer | 37.5 | $103,431 |
Kathleen Kreminec Dir. Of Finance And Hr | Officer | 37.5 | $87,344 |
Todd Snopkowski Vice President | OfficerTrustee | 1 | $0 |
Kermit Dunkelberg Secretary | OfficerTrustee | 1 | $0 |
Allison Ebner President | OfficerTrustee | 1.5 | $0 |
Josephine Sarnelli Treasurer | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,215,163 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,217,163 |
| Total Program Service Revenue | $70,703 |
| Investment income | $110 |
| 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 | $2,287,976 |
| 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. | $193,918 |
| Compensation of current officers, directors, key employees. | $178,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,210,792 |
| Pension plan accruals and contributions | $47,729 |
| Other employee benefits | $172,815 |
| Payroll taxes | $113,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,609 |
| Fees for services: Accounting | $26,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,986 |
| Advertising and promotion | $18,514 |
| Office expenses | $25,293 |
| Information technology | $11,528 |
| Royalties | $0 |
| Occupancy | $216,000 |
| Travel | $334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,769 |
| Insurance | $17,646 |
| All other expenses | $13,324 |
| Total functional expenses | $2,256,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,473 |
| Savings and temporary cash investments | $69,194 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $572,233 |
| 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 | $33,046 |
| Net Land, buildings, and equipment | $302,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,190,763 |
| Accounts payable and accrued expenses | $194,766 |
| 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 | $194,766 |
| Net assets without donor restrictions | $995,997 |
| 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 | $1,190,763 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Futureworks Inc has recieved totaling $2,150,249.
| Awarding Organization | Amount |
|---|---|
Masshire Hampden County Workforce Board Inc Springfield, MA PURPOSE: CAREER SERVICES | $2,150,249 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Telecommuting Institute Boston, MA | $7,581,785 | $15,508,649 |
Masshire Hampden County Workforce Board Inc Springfield, MA | $3,346,725 | $13,329,757 |
South Middlesex Non-Profit Housing Corporation Framingham, MA | $86,868,885 | $12,461,508 |
Lifestyles For The Disabled Inc Staten Island, NY | $5,937,706 | $11,027,240 |
Vermont Associates For Training & Development Inc St Albans, VT | $530,190 | $11,812,343 |
Buffalo And Erie County Workforce Development Consortium Inc Buffalo, NY | $1,944,049 | $11,546,333 |
Eastern Connecticut Workforce Investment Board Inc Franklin, CT | $2,220,849 | $11,033,375 |
Workforce Alliance Inc New Haven, CT | $2,201,686 | $11,291,916 |
Academy Of Management Inc Briarcliff Manor, NY | $56,747,597 | $15,919,073 |
Career Resources Inc Bridgeport, CT | $3,329,042 | $9,544,012 |
Metro North Regional Employment Board Cambridge, MA | $4,304,049 | $8,929,878 |
Superior Direct Care Inc New York, NY | $54,824 | $8,386,212 |