Central Oklahoma Workforce Investment Board Inc is located in Oklahoma City, OK. The organization was established in 2006. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Central Oklahoma Workforce Investment Board Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Oklahoma Workforce Investment Board 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, Central Oklahoma Workforce Investment Board Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $9.6m during the year ending 06/2022. While expenses have increased by 8.6% 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
TO ADVANCE ECONOMIC DEVELOPMENT IN CENTRAL OKLAHOMA BY LEADING A DEMAND DRIVEN WORKFORCE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED 2,408 CUSTOMERS, INCLUDING 414 NEW ENROLLMENTS FOR THE YEAR. PLACED 209 IN OCCUPATIONAL SKILLS TRAINING, 42 IN ON-THE-JOB TRAINING AND 8 IN REGISTERED APPRENTICESHIPS. 65.5% OF CLIENTS EARNED A RECOGNIZED CREDENTIAL. OF THOSE WHO GRADUATED THE PROGRAM 66.7% WERE STILL EMPLOYED AFTER 2 QUARTERS AFTER EXIT AND 67% WERE EMPLOYED 4 QUARTERS AFTER GRADUATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ashley Sellers Executive Director | Officer | 40 | $104,565 |
Richard Brown Chair | OfficerTrustee | 1 | $0 |
Theresa Stewart Vice Chair | OfficerTrustee | 1 | $0 |
Darci Williams Vice Chair | OfficerTrustee | 1 | $0 |
Sheila Baber Director | Trustee | 1 | $0 |
Robert Amundson Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Rescare Workforce Services Program Svc.provider | 6/29/18 | $1,124,918 |
P S Hamilton Associates Llc Program Svc.provider | 6/29/18 | $159,000 |
Dynamic Workforce Solutions Program Svc.provider | 6/29/18 | $3,431,650 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $9,947,439 |
All other contributions, gifts, grants, and similar amounts not included above | $368,796 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,316,235 |
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 | $10,316,235 |
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. | $89,806 |
Compensation of current officers, directors, key employees. | $8,981 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,171,348 |
Pension plan accruals and contributions | $46,370 |
Other employee benefits | $178,258 |
Payroll taxes | $91,805 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $23,150 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $25,363 |
Office expenses | $70,759 |
Information technology | $48,043 |
Royalties | $0 |
Occupancy | $399,055 |
Travel | $135,666 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $46,926 |
All other expenses | $0 |
Total functional expenses | $9,609,269 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,723,611 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,697,336 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,420,947 |
Accounts payable and accrued expenses | $2,617,569 |
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 | $2,617,569 |
Net assets without donor restrictions | $803,378 |
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 | $3,420,947 |
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