Workforce Development Board Of Fltn Montgomery & Schoharie Cnties Inc
- Assets
- $149.6k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Amsterdam, NY
- Founding
- 10/2005
- Data as of
- 06/2024
- EIN
- 16-1536318
Organization Overview
Workforce Development Board Of Fltn Montgomery & Schoharie Cnties Inc is located in Amsterdam, NY. The organization was established in 2005. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. As of 06/2024, Workforce Development Board Of Fltn Montgomery & Schoharie Cnties Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workforce Development Board Of Fltn Montgomery & Schoharie Cnties 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 06/2024, Workforce Development Board Of Fltn Montgomery & Schoharie Cnties Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CARRY OUT AND ADMINISTER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) AND OTHER RELATED PROGRAMS TO PROVIDE WORLD CLASS WORKFORCE ABLE TO FUEL A VIBRANT ECONOMY IN THE FULTON, MONTGOMERY AND SCHOHARIE COUNTIES, NEW YORK REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CARRY OUT AND ADMINISTER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) AND OTHER RELATED PROGRAMS TO PROVIDE A WORLD CLASS WORKFORCE ABLE TO FUEL A VIBRANT ECONOMY IN THE FULTON, MONTGOMERY AND SCHOHARIE COUNTIES, NEW YORK REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Goldswer Chairwoman | OfficerTrustee | 2 | $0 |
Amy Rogers Vice Chairma | OfficerTrustee | 2 | $0 |
Laurie Bargstedt Secretary | OfficerTrustee | 2 | $0 |
Andrea Fettinger Director | Trustee | 1 | $0 |
Christie Davis Director | Trustee | 1 | $0 |
Donna Pesta Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fms Private Industry Council Inc Program Service | 6/29/15 | $1,188,327 |
Columbia-greene Comm College Program Service | 6/29/15 | $192,125 |
Saratoga County Dept Of Employment Program Service | 6/29/15 | $191,201 |
County Of Rensselaer Program Service | 6/29/15 | $141,238 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,540,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,540,234 |
| Total Program Service Revenue | -$28,494 |
| 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 | $1,616,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $930,010 |
| 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. | $84,800 |
| Compensation of current officers, directors, key employees. | $21,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,282 |
| Pension plan accruals and contributions | $4,134 |
| Other employee benefits | $33,839 |
| Payroll taxes | $17,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,400 |
| 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 | $0 |
| Information technology | $101,691 |
| Royalties | $0 |
| Occupancy | $229,811 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,643 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,485 |
| Insurance | $7,295 |
| All other expenses | $2,441 |
| Total functional expenses | $1,615,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,025 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,946 |
| 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 | $24,714 |
| Net Land, buildings, and equipment | $30,902 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $149,587 |
| Accounts payable and accrued expenses | $40,969 |
| Grants payable | $0 |
| Deferred revenue | $24,714 |
| 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 | $3,903 |
| Total liabilities | $69,586 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $80,001 |
| 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 | $149,587 |
Grants Awarded
Over the last fiscal year, Workforce Development Board Of Fltn Montgomery & Schoharie Cnties Inc has awarded $1,507,216 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FMS PRIVATE INDUSTRY COUNCIL INC PURPOSE: PROGRAM SERVICE | $1,071,779 |
COLUMBIA-GREENE COMMUNITY COLLEGE PURPOSE: PROGRAM SERVICE | $94,081 |
SARATOGA COUNTY DEPT OF EMPLOYMENT PURPOSE: PROGRAM SERVICE | $105,988 |
COUNTY OF RENSSELAER DEPT OF EMPLO PURPOSE: PROGRAM SERVICE | $129,234 |
THOMAS P MILLER & ASSOCIATES PURPOSE: PROGRAM SERVICE | $93,663 |
SCHENECTADY COUNTY COMMUNTIY COLL PURPOSE: PROGRAM SERVICE | $12,471 |