Work Skills Foundation
- Assets
- $552.2k
- Revenue
- $221.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Brighton, MI
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-4595453
Organization Overview
Work Skills Foundation is located in Brighton, MI. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Work Skills 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 12/2023, Work Skills Foundation generated $221.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $186.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK SKILLS CORPORATION -- PROIVIDES EMPLOYMENT AND TRAINING OPPORTUNITIES TO PEOPLE WITH BARRIERS TO EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberle Bowman Past Chairperson | 10 | $0 | |
Travis Porta Trustee | 10 | $0 | |
Rachele Evers Trustee | 10 | $0 | |
Rob Johnson Trustee | 10 | $0 | |
Brandon Krugh Secretary | 10 | $0 | |
Stacey Anderson Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $117,211 |
| Interest on Savings | $14,275 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90,106 |
| Total Revenue | $221,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $30 |
| Printing and publications | $1,054 |
| Other expenses | $37,671 |
| Total operating and administrative expenses | $134,603 |
| Contributions, gifts, grants paid | $51,620 |
| Total expenses and disbursements | $186,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,419 |
| Savings and temporary cash investments | $478,240 |
| Net Accounts receivable | $3,500 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $552,159 |
| Accounts payable and accrued expenses | $9,405 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,405 |
Grants Awarded
Over the last fiscal year, Work Skills Foundation has awarded $51,620 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY CHURCH OF GOD PURPOSE: TO BE USED TOWARDS SCHOLARSHIP DISTRIBUTIONS | $1,620 |
WORK SKILLS CORPORATION PURPOSE: TO BE USED TOWARDS CURRENT EXPENSES. | $50,000 |