Workforce Development Board Of Fltn Montgomery & Schoharie Cnties Inc
- Assets
- $91.2k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Amsterdam, NY
- Founding
- 10/2005
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Workforce Development Board Of Fltn Montgomery & Schoharie Cnties Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CARRY OUT AND ADMINISTER THE WORKFORCE INVESTMENT ACT OF 1998 (WIA) 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 |
|---|---|---|---|
Regina Papa Executive Di | OfficerTrustee | 37.5 | $60,000 |
Gail B Breen Fmr. Exec. D | OfficerTrustee | 30 | $26,271 |
Laurie Bargstedt Secretary | OfficerTrustee | 2 | $0 |
Amy Rogers Vice Chairma | OfficerTrustee | 2 | $0 |
Pamela Goldswer Chairwoman | OfficerTrustee | 2 | $0 |
Wendy Adams-Rosa 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 | $1,309,857 |
| 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 | $1,309,857 |
| 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 | $1,426,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $826,826 |
| 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. | $86,271 |
| Compensation of current officers, directors, key employees. | $9,151 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,835 |
| Pension plan accruals and contributions | $4,523 |
| Other employee benefits | $16,958 |
| Payroll taxes | $15,314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,650 |
| 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 | $100,333 |
| Royalties | $0 |
| Occupancy | $208,771 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,274 |
| Insurance | $8,762 |
| All other expenses | $786 |
| Total functional expenses | $1,428,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,265 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,681 |
| 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 | $19,960 |
| Net Land, buildings, and equipment | $3,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,190 |
| Accounts payable and accrued expenses | $34,903 |
| Grants payable | $0 |
| Deferred revenue | $20,141 |
| 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 | $3,688 |
| Total liabilities | $58,732 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $32,458 |
| 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 | $91,190 |
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 |
|---|---|
Amsterdam, NY PURPOSE: PROGRAM SERVICE | $1,071,779 |
COUNTY OF RENSSELAER DEPT OF EMPLO PURPOSE: PROGRAM SERVICE | $129,234 |
SARATOGA COUNTY DEPT OF EMPLOYMENT PURPOSE: PROGRAM SERVICE | $105,988 |
Hudson, NY PURPOSE: PROGRAM SERVICE | $94,081 |
THOMAS P MILLER & ASSOCIATES PURPOSE: PROGRAM SERVICE | $93,663 |
SCHENECTADY COUNTY COMMUNTIY COLL PURPOSE: PROGRAM SERVICE | $12,471 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dc 35 Management Industry Betterment Fund Braintree, MA | $1,718,992 | $2,257,071 |
Workforce Development Board Of Fltn Montgomery & Schoharie Cnties Inc Amsterdam, NY | $91,190 | $1,426,401 |
Berkshire Innovation Center Inc Pittsfield, MA | $12,909,447 | $929,131 |
Align The Alliance For A Greater Ny Inc New York, NY | $2,700,875 | $1,098,280 |
Advance Albany County Alliance Local Development Corporation Albany, NY | $361,341 | $121,976 |
Labors Eastern Region Political Education Fund East Brunswick, NJ | $638,239 | $284,213 |
Associated Subcontractors Of Massachusetts Boston, MA | $1,054,276 | $714,198 |
Finger Lakes Ny Chapter Neca Liverpool, NY | $1,579,109 | $829,244 |
Pennsylvania Telephone Association Harrisburg, PA | $837,648 | $543,663 |
New York Press Association Inc Cohoes, NY | $638,106 | $260,111 |
Smacna Of Western Pennsylvania Pittsburgh, PA | $1,270,216 | $605,347 |
Manufactoring Alliance Service Corporation Inc Waterbury, CT | $387,002 | $458,468 |