The Workplace Inc
- Assets
- $5.8m
- Revenue
- $31.2m
- Investments
- $0.0
- Employees
- 1,710
- Location
- Bridgeport, CT
- Founding
- 04/1984
- Data as of
- 06/2021
- EIN
- 22-2484517
Organization Overview
The Workplace Inc is located in Bridgeport, CT. The organization was established in 1984. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2021, Workplace Inc employed 1,710 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workplace 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, Workplace Inc generated $31.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $31.8m during the year ending 06/2021. While expenses have increased by 2.6% per year over the past 6 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.
Since 2015, Workplace Inc has awarded 139 individual grants totaling $41,666,242. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES JOB TRAINING, PLACEMENT, AND COUNSELING FOR DISLOCATED AND ECONOMICALLY DISADVANTAGED INDIVIDUALS IN THE BRIDGEPORT, NORWALK, STAMFORD AND VALLEY LABOR MARKET AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT JOB TRAINING - TOTAL OF 12,402 CUSTOMERS SERVED AT SOUTHWESTERN CT WORKS JOB CENTERS; 309 WIOA ADULT PARTICIPANTS ASSIGNED INDIVIDUAL TRAINING ACCOUNTS. AMERICAN JOB CENTERS CONTRACTS. THE ORGANIZATION HAS BEEN ENGAGED BY LOCAL WORKFORCE INVESTMENT BOARDS (WIB) IN OTHER STATES TO BE THEIR ONE-STOP OPERATOR AND SERVICE PROVIDER. CURRENTLY, THE ORGANIZATION IS PROVIDING SERVICES TO WIB'S IN THE STATES OF NEW YORK, VIRGINIA, AND RHODE ISLAND THROUGH VARIOUS GRANTS AND CONTRACTS.
DISLOCATED WORKERS - TOTAL OF 18,538 CUSTOMERS SERVED AT SOUTHWESTERN CT JOB WORKS JOB CENTERS; 266 WIOA DISLOCATED PARTCIPANTS ASSIGNED INDIVIDUAL TRAINING ACCOUNTS. AMERICAN JOB CENTERS CONTRACTS. THE ORGANIZATION HAS BEEN ENGAGED BY LOCAL WORKFORCE INVESTMENT BOARDS (WIB) IN OTHER STATES TO BE THEIR ONE-STOP OPERATOR AND SERVICE PROVIDER. CURRENTLY, THE ORGANIZATION IS PROVIDING SERVICES TO WIB'S IN THE STATES OF NEW YORK, VIRGINIA, AND RHODE ISLAND THROUGH VARIOUS GRANTS AND CONTRACTS.
TEMPORARY ASSISTENCE FOR NEEDY FAMILIES - TOTAL OF 511 JOBS FIRST PARTICIPANTS SERVED. AMERICAN JOB CENTERS CONTRACTS. THE ORGANIZATION HAS BEEN ENGAGED BY LOCAL WORKFORCE INVESTMENT BOARDS (WIB) IN OTHER STATES TO BE THEIR ONE-STOP OPERATOR AND SERVICE PROVIDER. CURRENTLY, THE ORGANIZATION IS PROVIDING SERVICES TO WIB'S IN THE STATES OF NEW YORK, VIRGINIA, AND RHODE ISLAND THROUGH VARIOUS GRANTS AND CONTRACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Carbone President & CEO | Officer | 35 | $373,849 |
Adrienne Parkmond Chief Operating Officer | 35 | $257,134 | |
Gino Venditti Chief Administrative Offic | Officer | 35 | $184,324 |
Tom Long Assistant Vice President P | 35 | $160,880 | |
Nestor Leon Vice President Programs | 35 | $134,898 | |
Michael Mccarthy Vice President Human Resou | 35 | $132,921 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Workforce Ready Koncepts Employment Program Services | 6/29/21 | $292,000 |
Ofi Contract Interiors Office Space Preparation | 6/29/21 | $269,956 |
Capital Workforce Partners Employment Program Services | 6/29/21 | $255,085 |
Career Team Education Education Services | 6/29/21 | $231,840 |
Insight Technology Services | 6/29/21 | $222,592 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,657,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $539,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,197,295 |
| Total Program Service Revenue | $3,001,025 |
| Investment income | $164 |
| 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 | $31,198,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,484,861 |
| Grants and other assistance to domestic individuals. | $11,586,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $636,697 |
| Compensation of current officers, directors, key employees. | $131,282 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,609,313 |
| Pension plan accruals and contributions | $702,177 |
| Other employee benefits | $2,077,646 |
| Payroll taxes | $662,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,862 |
| Fees for services: Accounting | $72,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,570,148 |
| Advertising and promotion | $39,965 |
| Office expenses | $223,251 |
| Information technology | $379,330 |
| Royalties | $0 |
| Occupancy | $1,136,346 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,218 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,095 |
| Insurance | $103,235 |
| All other expenses | $0 |
| Total functional expenses | $31,756,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,938,867 |
| Savings and temporary cash investments | $122,113 |
| Pledges and grants receivable | $2,412,013 |
| Accounts receivable, net | $622,750 |
| 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 | $44,384 |
| Net Land, buildings, and equipment | $423,734 |
| Investments—publicly traded securities | $14,503 |
| Investments—other securities | $0 |
| Investments—program-related | $189,336 |
| Intangible assets | $0 |
| Other assets | $9,125 |
| Total assets | $5,776,825 |
| Accounts payable and accrued expenses | $3,464,083 |
| Grants payable | $0 |
| Deferred revenue | $211,345 |
| 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 | $1,840,000 |
| Other liabilities | $232,608 |
| Total liabilities | $5,748,036 |
| Net assets without donor restrictions | -$455,286 |
| Net assets with donor restrictions | $484,075 |
| 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 | $5,776,825 |
Grants Awarded
Over the last fiscal year, The Workplace Inc has awarded $3,484,861 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Bridgeport, CT PURPOSE: UNIVERSAL ACCESS TO COMPREHENSIVE EMPLOYMENT SERVICES THROUGH VARIOUS ONE STOP CENTERS SET UP IN SOUTHWEST CONNECTICUT | $2,819,224 |
Hartford, CT PURPOSE: JOB TRAINING & PLACEMENT ASSISTANCE TO BORROWERS WHO HAVE GONE INTO MORTGAGE FORCLOSURE & WHO ARE UNEMPLOYED OR UNDEREMPLOYED | $263,933 |
MORRISON GROUP LLC PURPOSE: PROVIDE TRAINING TO CANDIDATES ENROLLED IN THE HEALTH CARE OPPORTUNITY GRANT | $120,699 |
West Hartford, CT PURPOSE: PROVIDE JOB TRAINING | $76,814 |
New Haven, CT PURPOSE: PROVIDE RE-TRAINING & TEMPORARY JOB PLACEMENT TO MATURE WORKERS SEEKING TO REENTER THE JOB MARKET | $71,706 |
Bridgeport, CT PURPOSE: PROVIDE CLASSROOM OCCUPATIONAL SKILLS TRAINING WITH INTEGRATED ADULT EDUCATION | $43,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Workplace Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Oaklawn Foundation Wilton, CT PURPOSE: 2022 GRANT GENERAL OPERATING FUND | $25,000 |
Endowment Analysis
| Beg. Balance | $131,931 |
| Earnings | $4,685 |
| Ending Balance | $136,616 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Work Incorporated Dorchester, MA | $48,287,405 | $46,198,835 |
Nysarc Inc Plattsburgh, NY | $17,616,173 | $35,732,920 |
The Workplace Inc Bridgeport, CT | $5,776,825 | $31,198,484 |
Viability Inc Springfield, MA | $38,067,974 | $37,236,421 |
Corporate Source Inc Garden City, NY | $23,910,461 | $27,653,054 |
Wildcat Service Corp New York, NY | $10,320,090 | $26,956,331 |
Community Work & Independence Inc Glens Falls, NY | $10,451,280 | $22,331,025 |
Marc Inc Of Manchester Manchester, CT | $8,800,021 | $14,465,697 |
Triangle Inc Malden, MA | $7,569,693 | $11,643,804 |
Sarah Inc Westbrook, CT | $8,388,396 | $12,212,686 |
Marrakech Incorporated Woodbridge, CT | $17,188,402 | $8,533,229 |
Project Genesis Incorporated Willimantic, CT | $9,969,984 | $6,952,463 |