Consortium For Worker Education Inc is located in New York, NY. The organization was established in 1994. 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 12/2022, Consortium For Worker Education Inc employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consortium For Worker Education 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 12/2022, Consortium For Worker Education Inc generated $30.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $29.3m during the year ending 12/2022. While expenses have increased by 4.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND RE-TRAINING TO DISLOCATED WORKERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PURPOSE IS TO ASSIST INDIVIDUALS IN MAINTAINING AND IMPROVING EMPLOYMENT OPPORTUNITIES THROUGH THE ESTABLISHMENT, MAINTENANCE, AND/OR SUPPORT OF TECHNICAL TRAINING AND LITERACY PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edgar Romney Chairman | OfficerTrustee | 0 | $0 |
Gary Labarbera President | Trustee | 0 | $0 |
James Conigliaro Treasurer | OfficerTrustee | 0 | $0 |
Joseph Mcdermott President | OfficerTrustee | 40 | $310,803 |
Stuart Appelbaum Vice President | Trustee | 0 | $0 |
Vincent Alvarez Vice President | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $28,995,809 |
All other contributions, gifts, grants, and similar amounts not included above | $1,296,293 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $30,292,102 |
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 | $30,292,102 |
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. | $310,803 |
Compensation of current officers, directors, key employees. | $310,803 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,566,406 |
Pension plan accruals and contributions | $372,697 |
Other employee benefits | $1,482,385 |
Payroll taxes | $718,682 |
Fees for services: Management | $0 |
Fees for services: Legal | $60,404 |
Fees for services: Accounting | $165,000 |
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 | $376,561 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,213,083 |
Travel | $13,993 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $46,967 |
Interest | $452,295 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $430,585 |
Insurance | $229,224 |
All other expenses | $0 |
Total functional expenses | $29,266,970 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,765,650 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $11,423,748 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $9,428,343 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $317,256 |
Other assets | $316,992 |
Total assets | $24,251,989 |
Accounts payable and accrued expenses | $7,447,952 |
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 | $9,758,318 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,952,048 |
Total liabilities | $21,158,318 |
Net assets without donor restrictions | $3,093,671 |
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 | $24,251,989 |