Collegiate Consortium For Workforce And Economic Development
- Assets
- $655.0k
- Revenue
- $675.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Media, PA
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 23-2928839
Organization Overview
Collegiate Consortium For Workforce And Economic Development is located in Media, PA. The organization was established in 1999. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2023, Collegiate Consortium For Workforce And Economic Development employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegiate Consortium For Workforce And Economic Development 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, Collegiate Consortium For Workforce And Economic Development generated $675.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $741.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DEVELOPMENT AND DELIVERY OF EDUCATION AND TRAINING PROGRAMS TO BUSINESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONSORTIUM PROVIDES DEVELOPMENT AND DELIVERY OF EDUCATION AND TRAINING PROGRAMS FOR BUSINESS AND INDUSTRY, IN SUPPORT OF ECONOMIC DEVELOPMENT, UNDER THE DIRECTION OF AND THROUGH THE COMMUNITY COLLEGE OF PHILADELPHIA, DELAWARE COUNTY COMMUNITY COLLEGE, CAMDEN COUNTY COLLEGE, BUCKS COUNTY COMMUNITY COLLEGE, DREXEL UNIVERSITY, AND MONTGOMERY COUNTY COMMUNITY COLLEGE. MAJOR ACTIVITIES INCLUDED: (1) SKILL TRAINING FOR SHIPBUILDERS AT AKER PHILADELPHIA SHIPYARD, INC.; (2) CONTINUED EXPANSION OF THE UPS PROJECT TO INCLUDE INCREASED DELIVERY OF ON-SITE SKILL PROGRAMS; AND (3) SKILL TRAINING FOR U.S. NAVY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Marta Cronin Chair | OfficerTrustee | 1 | $0 |
Dr Lovell Pugh-Basset Director | Trustee | 1 | $0 |
Dr Victoria Bastecki-Perez Director | Trustee | 1 | $0 |
Dr Brian Ellis Director | Trustee | 1 | $0 |
Jodie Harris Director | Trustee | 1 | $0 |
Dr Donald Generals Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $108,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,693 |
| Total Program Service Revenue | $563,229 |
| Investment income | $2,501 |
| 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 | $675,460 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,953 |
| Pension plan accruals and contributions | $8,727 |
| Other employee benefits | $23,982 |
| Payroll taxes | $8,922 |
| Fees for services: Management | $42,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $79,989 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,674 |
| Advertising and promotion | $33,116 |
| Office expenses | $5,672 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,157 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,196 |
| Insurance | $5,246 |
| All other expenses | $415,078 |
| Total functional expenses | $741,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,041 |
| Savings and temporary cash investments | $517,211 |
| Pledges and grants receivable | $2,000 |
| Accounts receivable, net | $110,011 |
| 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 | $9,319 |
| Net Land, buildings, and equipment | $410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $654,992 |
| Accounts payable and accrued expenses | $106,020 |
| Grants payable | $0 |
| 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 | $106,020 |
| Net assets without donor restrictions | $548,972 |
| Net assets with donor restrictions | $0 |
| 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 | $654,992 |
Grants Awarded
Over the last fiscal year, Collegiate Consortium For Workforce And Economic Development has awarded $120,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKS COUNTY COMMUNITY COLLEGE PURPOSE: EQUITY DISTRIBUTION | $20,000 |
CAMDEN COUNTY COLLEGE PURPOSE: EQUITY DISTRIBUTION | $20,000 |
COMMUNITY COLLEGE OF PHILADELPHIA PURPOSE: EQUITY DISTRIBUTION | $20,000 |
DELAWARE COUNTY COMMUNITY COLLEGE PURPOSE: EQUITY DISTRIBUTION | $20,000 |
DREXEL UNIVERSITY PURPOSE: EQUITY DISTRIBUTION | $20,000 |
MONTGOMERY COUNTY COMMUNITY COLLEGE PURPOSE: EQUITY DISTRIBUTION | $20,000 |