Capital Workforce Partners Inc
- Assets
- $8.6m
- Revenue
- $24.0m
- Investments
- $0.0
- Employees
- 48
- Location
- Hartford, CT
- Founding
- 02/1980
- Data as of
- 06/2023
- EIN
- 06-1013293
Organization Overview
Capital Workforce Partners Inc is located in Hartford, CT. The organization was established in 1980. 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, Capital Workforce Partners Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Workforce Partners 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, Capital Workforce Partners Inc generated $24.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $23.8m during the year ending 06/2023. While expenses have increased by 0.6% 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.
Since 2015, Capital Workforce Partners Inc has awarded 376 individual grants totaling $129,662,526. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CAPITAL WORKFORCE PARTNERS IS A REGIONAL WORKFORCE INVESTMENT BOARD SERVING 37 MUNICIPALITIES IN NORTH CENTRAL CONNECTICUT. THE BOARD COORDINATES COMPREHENSIVE PROGRAMS FOR JOB SEEKING & EMPLOYER, AND ITS MISSION IS TO LEVERAGE PUBLIC AND PRIVATE RESOURCES TO PRODUCE SKILLED WORKERS FOR A COMPETITIVE REGIONAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT SERVICES - CAPITAL WORKFORCE PARTNERS PROVIDES A HOST OF SERVICES FOR ADULT JOB SEEKERS. SERVICES ARE DELIVERED PRIMARILY AT SEVEN AMERICAN JOB CENTERS AND ONE JOB FUNNEL LOCATION. ALL LOCATIONS ARE IN THE NORTH CENTRAL REGION OF CONNECTICUT COVERING 37 CITIES & TOWNS. CWP ALSO WORKS CLOSELY WITH AREA EMPLOYERS AND VALIDATE AND SUPPORT A DATA DRIVEN LMI SYSTEM TO ENSURE CURRENT AND FUTURE WORKFORCE DEMANDS ARE BEING ADDRESSED. PROGRAMS RUN FROM THOSE SUPPORTED BY THE FEDERAL WORKFORCE INNOVATION AND OPPORTUNITY ACT. FEDERAL USDOL/ETA GRANTS AND STATE AND PHILANTHROPIC SUPPORTED ACTIVITIES WHICH WORK TO CLOSE THE MIDDLE SKILLS GAP IN OUR REGION AND PUT JOB SEEKERS ON A CAREER PATHWAY. IN FISCAL YEAR 2023, WAS 10,615 INDIVIDUALS WERE SERVED.
YOUTH SERVICES - CAPITAL WORKFORCE PARTNERS ADMINISTERS PROGRAMS FOR OPPORTUNITY YOUTH, (YOUTH AGED 14-24 WHO ARE NOT CONNECTED TO SCHOOL OR EMPLOYMENT), UTILIZING A CAREER PATHWAY MODEL WHICH INCLUDES CAREER COMPETENCY AND OCCUPATIONAL SKILLS TRAINING, WORK BASED LEARNING AND INTERNSHIPS. FEDERAL WORKFORCE INNOVATION AND OPPORTUNITY ACT AND STATE AND PHILANTHROPIC FUNDING SUPPORTS THE REGION'S OPPORTUNITY YOUTH POPULATION THROUGH A VARIETY OF PROGRAMS INCLUDING YEAR-ROUND AND SUMMER YOUTH EMPLOYMENT AND LEARNING PROGRAM. IN FISCAL YEAR 2023, WAS 1,511 YOUTH WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Johnson President/ce | Officer | 40 | $244,659 |
Kimberly Staley Chief Admin | Officer | 40 | $166,695 |
James Boucher Chief Strat | 40 | $142,385 | |
Julie Watson Accountabili | 40 | $123,722 | |
Laura Hitt Controller | 40 | $122,889 | |
Richard Mcgeary Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Half Recruiter Employement | 6/29/23 | $113,741 |
Novus Insight Inc | 6/29/23 | $394,228 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,360,547 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,641,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,002,076 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $24,002,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,550,166 |
| Grants and other assistance to domestic individuals. | $2,616,673 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $411,354 |
| Compensation of current officers, directors, key employees. | $411,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,832,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $906,805 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $593,261 |
| Advertising and promotion | $0 |
| Office expenses | $32,127 |
| Information technology | $492,887 |
| Royalties | $0 |
| Occupancy | $811,128 |
| Travel | $6,644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,785 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,837 |
| Insurance | $54,989 |
| All other expenses | $6,826 |
| Total functional expenses | $23,781,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,808,243 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,870,725 |
| Accounts receivable, net | $128,958 |
| 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 | $112,367 |
| Net Land, buildings, and equipment | $17,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,701,893 |
| Total assets | $8,640,162 |
| Accounts payable and accrued expenses | $4,783,335 |
| Grants payable | $0 |
| Deferred revenue | $1,245,329 |
| 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 | $2,030,562 |
| Total liabilities | $8,059,226 |
| Net assets without donor restrictions | -$40,509 |
| Net assets with donor restrictions | $621,445 |
| 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 | $8,640,162 |
Grants Awarded
Over the last fiscal year, Capital Workforce Partners Inc has awarded $14,281,022 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ASNUNTUCK COMMUNITY COLLEGE PURPOSE: EMPLOYMENT TRAINING | $108,114 |
ATLAS STAMPING & MANUFACTURING PURPOSE: EMPLOYMENT TRAINING | $54,000 |
BLUE HILLS CIVIC ASSOCIATION PURPOSE: EMPLOYMENT TRAINING | $950,025 |
BLUECASTLE IT SOLUTIONS LLC PURPOSE: ADULT EMPLOYMENT TRA | $7,345 |
BOYS AND GIRLS CLUBS OF HARTFORD PURPOSE: YOUTH EMPLOYMENT TRA | $5,984 |
CAPITAL COMMUNITY COLLEGE PURPOSE: ADULT EMPLOYMENT TRA | $125,125 |