New Workforce Directions Inc, operating under the name Madison Strategies Group, is located in Tulsa, OK. The organization was established in 2011. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2022, Madison Strategies Group employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Strategies Group 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 12/2022, Madison Strategies Group generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MADISON STRATEGIES GROUP'S MISSION IS TO BUILD AND STRENGTHEN JOB SKILLS, SEE SCH "O"MADISON STRATEGIES GROUP'S MISSION IS TO BUILD AND STRENGTHEN THE TALENT AND SKILL OF THOSE JOB SEEKERS WE SERVE. WE EMPOWER JOB SEEKERS WITH THE ABILITY TO EFFECTIVELY MEET THE NEEDS OF OUR EMPLOYER PARTNERS. BY INVESTING AND ENGAGING IN INNOVATIVE SOLUTIONS AND PARTNERSHIPS, WE PROVIDE HOPE FOR THOSE WE SERVE, OUR BUSINESS PARTNERS, AND THE COMMUNITY AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADISON STRATEGIES GROUP'S MISSION IS TO BUILD AND STRENGTHEN JOB SKILLS, SEE SCHEDULE "O" FOR DETAIL.MADISON STRATEGIES GROUP OPERATES MULTIPLE WORKFORCE DEVELOPMENT PROGRAMS IN TULSA THAT PROVIDE UNDERSERVED RESIDENTS WITH NO-COST EDUCATION, EMPLOYMENT, AND ADVANCEMENT OPPORTUNITIES THAT LEAD TO GREATER FINANCIAL SECURITY AND ECONOMIC SELF-SUFFICIENCY. MSG'S FLAGSHIP PROGRAM, TULSA COMMUNITY WORKADVANCE, IS A UNIQUE, SECTOR-BASED, DUAL-CUSTOMER WORKFORCE MODEL THAT HAS BEEN PROVEN TO WORK THROUGH A NATIONAL RESEARCH STUDY. THE INNOVATIVE WORKADVANCE MODEL COMBINES NO-COST, CUSTOMIZED TECHNICAL TRAINING AND PLACEMENT SERVICES WITH EXTENSIVE CAREER ADVISING AND SOFT SKILLS TRAINING TO HELP LOW-INCOME INDIVIDUALS RISE OUT OF POVERTY WHILE MEETING THE NEEDS OF BUSINESSES IN HIGH-DEMAND SECTORS. WORKFORCE AND CAREER NEEDS CONTINUE TO ARISE FOR LOW-INCOME, UNDEREMPLOYED AND UNEMPLOYED POPULATIONS THROUGHOUT TULSA. IN RESPONSE, MSG HAS DEVELOPED AND LAUNCHED MULTIPLE NEW PROGRAMS FOCUSED ON SERVING TARGETED RESIDENTS WITH TRAINING, PLACEMENT, AND CAREER COACHING SERVICES TO INCREASE THEIR ECONOMIC MOBILITY AND TO CREATE A PIPELINE OF INDIVIDUALS FOR MORE ADVANCED TRAINING PROGRAMS LIKE WORKADVANCE. THIS INCLUDES VULNERABLE POPULATIONS AND DEMOGRAPHIC GROUPS LIKE YOUNG ADULTS AGED 18-24 SERVED IN OUR NEXTUP PROGRAM, PUBLIC HOUSING RESIDENTS SERVED THROUGH THE JOBSFIRST PROGRAM, RESIDENTS IN THE HISTORICALLY UNDERSERVED AREA OF NORTH TULSA THROUGH THE DUE NORTH PROGRAM, PARENTS AND HOUSEHOLDS WITH SMALL CHILDREN IN THE CAREER CONNECTION PROGRAM, AND RESIDENTS AND BUSINESSES AFFECTED BY COVID-19 THROUGH THE RETRAIN TULSA PROGRAM. IN 2022, MSG CONTINUED THE PILOT PROGRAM IN COLLABORATION WITH CENTER FOR ECONOMIC OPPORTUNITY (CEO) LEVERAGE RESOURCES AND STIPENDS TO UPSKILL THOSE RECENTLY RELEASED FROM INCARCERATION AND PREPARE THEM FOR QUALITY CAREERS. THROUGH RETRAIN TULSA, MSG PARTNERED WITH TULSA COMMUNITY COLLEGE'S CYBER SKILLS CENTER (CSC) TO RECRUIT AND SUPPORT INDIVIDUALS FOR NEW CAREES IN CYBER SECURITY AND DATA.IN 2022, MSG SERVED OVER 1200 INDIVIDUALS WITH CAREER READINESS TRAINING, JOB PLACEMENT, ADVANCED TRAINING, AND CAREER ADVANCEMENT SERVICES, INCLUDING FINANCIAL COACHING. OVER 220 OF MSG'S CUSTOMERS SECURED NEW JOBS IN 2022, EARNING AN AVERAGE OF 25% MORE IN INCOME AFTER OUR TRAINING AND SERVICES. AS OUR ECONOMY AND WORKFORCE CONTINUE TO CHANGE, WE ARE FOCUSED ON TRAINING AND PREPARING PEOPLE FOR JOBS OF THE FUTURE AND TECHNOLOGY-BASED JOBS. MSG IS WELL-POSITIONED TO RESPOND AND ENSURE THAT INDIVIDUALS IN OUR COMMUNITY ARE TRAINED AND PLACED INTO GREAT CAREERS THAT PROVIDE BUSINESSES WITH SKILLED WORKERS."
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Karen Pennington Executive Director | Trustee | 40 | $164,447 |
John Goldman Chairman | OfficerTrustee | 3 | $0 |
Channing Stave Secretary | OfficerTrustee | 1 | $0 |
Terryln Smock Director | Trustee | 1 | $0 |
Patricia Nazemetz Director | Trustee | 1 | $0 |
Mary Smith Crofts Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Tulsa Technology Center Training & Training Coordination | 12/30/22 | $255,616 |
Acrobatant Llc Program Outreach & Marketing Consulting | 12/30/22 | $200,380 |
Bw Industries Inc Shift3 Technologies Website & Data Consulting | 12/30/22 | $161,315 |
Arrowhead Consulting Llc Project Management & Training Consulting | 12/30/22 | $140,975 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,949,647 |
All other contributions, gifts, grants, and similar amounts not included above | $1,824,574 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,774,221 |
Total Program Service Revenue | $33,035 |
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 | $3,807,256 |
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. | $164,447 |
Compensation of current officers, directors, key employees. | $1,644 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,241,821 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $247,504 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $433,191 |
Advertising and promotion | $0 |
Office expenses | $89,172 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $217,423 |
Travel | $9,117 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $343,274 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $3,865,199 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $475,971 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,899,038 |
Accounts receivable, net | $0 |
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 | $54,260 |
Net Land, buildings, and equipment | $1,686,541 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,115,810 |
Accounts payable and accrued expenses | $155,948 |
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 | $453,178 |
Total liabilities | $609,126 |
Net assets without donor restrictions | $3,357,193 |
Net assets with donor restrictions | $1,149,491 |
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 | $5,115,810 |