Workforce Professionals Traininginstitute
- Assets
- $724.2k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 02/2007
- Data as of
- 09/2023
- EIN
- 20-3891493
Organization Overview
Workforce Professionals Traininginstitute is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. As of 09/2023, Workforce Professionals Traininginstitute employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workforce Professionals Traininginstitute 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 09/2023, Workforce Professionals Traininginstitute generated $1.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.0m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Workforce Professionals Traininginstitute has awarded 59 individual grants totaling $557,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE EFFECTIVENESS OF PEOPLE AND ORGANIZATIONS THAT HELP PREPARE JOBSEEKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WPTI TRAINS WORKFORCE PROFESSIONALS; OFFERS CONSULTING SERVICES TO ORGANIZATIONS THAT PROVIDE EMPLOYMENT SERVICES; AND RECOMMENDS POLICY CHANGES THAT INCREASE ACCESS TO GOOD JOBS AND CAREERS FOR EVERYONE. SINCE OUR FOUNDING IN 2004, WPTI HAS TRAINED MORE THAN 10,000 WORKFORCE PRACTITIONERS AND IMPROVED ORGANIZATIONAL CAPACITY AT OVER 1,000 ORGANIZATIONS THAT HAVE COLLECTIVELY CONNECTED HUNDREDS OF THOUSANDS OF LOW-INCOME AND DISADVANTAGED JOBSEEKERS TO EMPLOYMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Mincy Chair | OfficerTrustee | 2 | $0 |
Joan D Rosenthal Vice Chair | OfficerTrustee | 1 | $0 |
Maya Washington Vice Chair | OfficerTrustee | 1 | $0 |
Patricia J Jenny Treasurer | OfficerTrustee | 1 | $0 |
Blake Foote Secretary | OfficerTrustee | 1 | $0 |
Jeniffer Sparrow Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $383,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,155,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,538,625 |
| Total Program Service Revenue | $209,538 |
| 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 | $1,748,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,000 |
| 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. | $217,589 |
| Compensation of current officers, directors, key employees. | $79,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $780,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $119,300 |
| Payroll taxes | $79,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $429,508 |
| Advertising and promotion | $0 |
| Office expenses | $23,539 |
| Information technology | $36,338 |
| Royalties | $0 |
| Occupancy | $51,835 |
| Travel | $9,488 |
| 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 | $3,550 |
| Insurance | $7,442 |
| All other expenses | $0 |
| Total functional expenses | $2,005,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,351 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $359,800 |
| 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 | $3,782 |
| Net Land, buildings, and equipment | $15,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,289 |
| Total assets | $724,185 |
| Accounts payable and accrued expenses | $122,208 |
| Grants payable | $110,000 |
| 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 | $232,208 |
| Net assets without donor restrictions | $394,873 |
| Net assets with donor restrictions | $97,104 |
| 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 | $724,185 |
Grants Awarded
Over the last fiscal year, Workforce Professionals Traininginstitute has awarded $110,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC GUARDIAN SERVICES PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $10,000 |
CHILDREN'S VILLAGE PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $10,000 |
CHILDRENS' AID PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $10,000 |
FORESTDALE INC PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $10,000 |
GOOD SHEPHERD SERVICES PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $10,000 |
GRAHAM WINDHAM PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $10,000 |