The Workforce Institutes City College
- Assets
- $65.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 31
- Location
- Philadelphia, PA
- Founding
- 10/1974
- Data as of
- 06/2021
- EIN
- 23-1930438
Organization Overview
The Workforce Institutes City College is located in Philadelphia, PA. The organization was established in 1974. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2021, Workforce Institutes City College employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workforce Institutes City College 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, Workforce Institutes City College generated $13.8k 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 (58.7%) each year. All expenses for the organization totaled $5.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (62.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE WORKFORCE INSTITUTE'S CITY COLLEGE ("INSTITUTE") WAS ORGANIZED IN MAY 1974 UNDER THE NONPROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE PURPOSE OF PROVIDING UNIQUE EDUCATIONAL OPPORTUNITIES FOR OUT-OF-SCHOOL YOUTH AND ADULTS. AS A RESULT OF THE TRANSFER OF THE WORKFORCE DEVELOPMENT TRAINING PROGRAMS TO PUBLIC HEALTH MANAGEMENT CORPORATION AND THE SALE OF CITY COLLEGE TO ANOTHER NON-PROFIT ORGANIZATION, THE INSTITUTE NO LONGER HAS ANY CURRENT PROGRAM ACTIVITIES AS OF AUGUST 1, 2019, AND MANAGEMENT IS WORKING TO CLOSE OUT THE ORGANIZATION AND UPON DISSOLUTION ALL REMAINING ASSETS WILL BE TRANSFERRED TO OTHER WORKFORCE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J Cohen Chairman | 1 | $0 | |
Anne Callan Secretary | 1 | $0 | |
Stephen Bouidikis Member | 1 | $0 | |
Lauren Lambrugo Member | 1 | $0 | |
Michael Pearson Member | 1 | $0 | |
Sharon M Gallagher Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $13,832 |
| Total Revenue | $13,832 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,394 |
| Total expenses | $5,394 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,608 |
| Other assets | $0 |
| Total assets | $65,021 |
| Total liabilities | $4,000 |
| Net assets or fund balances | $61,021 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Workforce Institutes City College has recieved totaling $18,810.
| Awarding Organization | Amount |
|---|---|
Philadelphia Works Inc Philadelphia, PA PURPOSE: JOB-TRAINING | $18,810 |
Endowment Analysis
| Beg. Balance | $22,211 |
| Earnings | -$501 |
| Ending Balance | $21,710 |
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|---|---|---|
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Coop Careers Inc New York, NY | $4,159,202 | $8,380,118 |
Meba Training Plan Baltimore, MD | $15,796,900 | $7,564,374 |
American Academy Mcallister Institute Of Funeral Service Inc New York, NY | $4,267,692 | $5,884,780 |
Toledo Electrical Joint Apprenticeship & Training Trust Fu Rossford, OH | $10,809,393 | $5,479,236 |
Finishing Trades Institute Of New York New York, NY | $16,930,233 | $2,729,484 |
Sheet Metal Workers Local Union No 28 Education Fund Jamaica, NY | $12,641,253 | $5,378,417 |
Cincinnati Ohio Electrical Joint Apprenticeship & Training Trust Fu Cincinnati, OH | $5,198,378 | $3,445,760 |