Grow Southwest Indiana Workforceboard Inc
- Assets
- $923.9k
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Evansville, IN
- Founding
- 08/2007
- Data as of
- 06/2021
- EIN
- 20-5064047
Organization Overview
Grow Southwest Indiana Workforceboard Inc is located in Evansville, IN. The organization was established in 2007. 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 06/2021, Grow Southwest Indiana Workforceboard Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grow Southwest Indiana Workforceboard 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 06/2021, Grow Southwest Indiana Workforceboard Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GROW SOUTHWEST WORKFORCE BOARD, INC. PROVIDES GUIDANCE FOR, AND REVIEWS, MONITORS AND EVALUATES ACTIVITIES UNDER THE WIOA ACT, IN ORDER TO CREATE A SYSTEM THAT INTEGRATES ALL PUBLIC WORKFORCE DEVELOPMENT RESOURCES INTO A SYSTEM TO BENEFIT THE COUNTIES AND REGIONAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES JOB SERVICES FOR VARIOUS YOUTH, OUT-OF-WORK AND DISADVANTAGED INDIVIDUALS IN SOUTHWEST INDIANA. THE SERVICES INCLUDE VARYING TYPES OF JOB TRAINING AND DEVELOPMENT, JOB ADVANCEMENT PROGRAMS AND JOB PLACEMENT ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Worstell Executive Dir. | Trustee | 40 | $66,826 |
Sue Habig Vice Chair | Trustee | 1 | $0 |
Jason Nord Secretary | Trustee | 1 | $0 |
Marcia Forston Director | Trustee | 1 | $0 |
Amy O'dell Director | Trustee | 1 | $0 |
Rhonda Broerman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jobworks Service Provider | 6/29/21 | $1,558,987 |
North Gibson School Corporation 4t Academy Project | 6/29/21 | $164,298 |
Washington Plaza Development Lease | 6/29/21 | $120,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,090,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $820,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,911,281 |
| 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 | $2,911,281 |
| 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. | $66,826 |
| Compensation of current officers, directors, key employees. | $3,474 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,692 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,526 |
| Advertising and promotion | $0 |
| Office expenses | $15,536 |
| Information technology | $17,000 |
| Royalties | $0 |
| Occupancy | $152,817 |
| Travel | $3,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,857 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,223 |
| All other expenses | $0 |
| Total functional expenses | $2,925,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,217 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $630,808 |
| 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 | $22,919 |
| 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 | $923,944 |
| Accounts payable and accrued expenses | $553,965 |
| Grants payable | $0 |
| Deferred revenue | $8,127 |
| 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 | $562,092 |
| Net assets without donor restrictions | $22,744 |
| Net assets with donor restrictions | $339,108 |
| 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 | $923,944 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grow Southwest Indiana Workforceboard Inc has recieved totaling $3,552.
| Awarding Organization | Amount |
|---|---|
Welborn Baptist Foundation Inc Evansville, IN PURPOSE: NONPROFIT EXCELLENCE | $3,552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |