Hampton Roads Workforce Foundation
- Assets
- $965.1k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 20-2957424
Organization Overview
Hampton Roads Workforce Foundation is located in Norfolk, VA. The organization was established in 2003. According to its NTEE Classification (J19) the organization is classified as: Support N.E.C., under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampton Roads Workforce Foundation 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, Hampton Roads Workforce Foundation generated $1.5m in total revenue. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 73.4% per year over the past 5 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
ENHANCE AND EXPAND WORKFORCE DEVELOPMENT IN THE AREA, ESPECIALLY FOR YOUTH AND VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES WERE DISBURSEMENTS OF RESTRICTED CONTRIBUTIONS FOR PROGRAMS OPERATED BY THE SUPPORTED ENTITY HAMPTON ROADS WORKFORCE COUNCIL A LOCAL GOVERNMENT ENTITY.
BROOKS CROSSING-INNOVATION AND OPPORTUNITY CENTER-COLLABORATION LEARNING WORKFORCE DEVELOPMENT, STEM, EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delceno Miles Chairperson | Officer | 2 | $0 |
Mark Johnson Vice Chair/treasurer | Officer | 2 | $0 |
Shawn Avery Secretary | Officer | 2 | $0 |
Andrew Hodge Director | Trustee | 2 | $0 |
Dudley Harris Director | Trustee | 2 | $0 |
D Nate Johnson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,519,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,519,024 |
| Total Program Service Revenue | $0 |
| Investment income | $55 |
| 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 | $1,519,079 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,580,224 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,146 |
| Fees for services: Legal | $3,950 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $84,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $9,887 |
| Total functional expenses | $1,686,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $961,309 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,840 |
| 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 | $965,149 |
| Accounts payable and accrued expenses | $663 |
| Grants payable | $788,750 |
| 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 | $789,413 |
| Net assets without donor restrictions | $165,736 |
| Net assets with donor restrictions | $10,000 |
| 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 | $965,149 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Hampton Roads Workforce Foundation has recieved totaling $396,000.
| Awarding Organization | Amount |
|---|---|
New Profit Inc Boston, MA PURPOSE: PROGRAM EXPANSION | $135,000 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: NEXTGEN PATHWAYS PROGRAM | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $40,000 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $30,000 |
Adp Foundation Roseland, NJ PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Laborers International Union Of North America Nashville, TN | $4,964,778 | $6,013,803 |
Seafarers Maryland Building Corporation Camp Springs, MD | $3,201,198 | $2,438,208 |
Hampton Roads Workforce Foundation Norfolk, VA | $965,149 | $1,519,079 |
My City Rides Memphis, TN | $3,890,052 | $1,767,387 |
Tyler County Development Authority Inc Sistersville, WV | $2,513,764 | $641,859 |
Greater Memphis Alliance For A Competitive Workforce Memphis, TN | $0 | $313,583 |
Sheet Metal Workers Wheeling District Building Corporation Wheeling, WV | $480,659 | $0 |
Tlap Foundation Nashville, TN | $91,469 | $0 |