New Workforce Directions Inc

Organization Overview

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.

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."


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Karen Pennington
Executive Director
$164,447
John Goldman
Chairman
$0
Channing Stave
Secretary
$0
Terryln Smock
Director
$0
Patricia Nazemetz
Director
$0
Mary Smith Crofts
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tulsa Technology Center
Training & Training Coordination
$255,616
Acrobatant Llc
Program Outreach & Marketing Consulting
$200,380
Bw Industries Inc Shift3 Technologies
Website & Data Consulting
$161,315
Arrowhead Consulting Llc
Project Management & Training Consulting
$140,975
View All Vendors

Financial Statements

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

Peer Organizations

Organization NameAssets
North East Texas Workforce Development Board Inc
Wake Village, TX
$18,418,071
The Mission Continues
Saint Louis, MO
$10,758,597
Ser-Jobs For Progress Of The Texas Gulf Coast Inc
Houston, TX
$8,622,106
Career And Recovery Resources Inc
Houston, TX
$8,310,170
Jewish Vocational Service Bureau Of Kansas City
Kansas City, MO
$9,801,081
Workforce Alliance Of South Central Kansas Inc
Wichita, KS
$7,360,478
Relief Enterprise Of Texas Inc
Austin, TX
$5,478,062
Northern Area Local Workforce Development Board
Santa Fe, NM
$6,344,668
Denverworks
Denver, CO
$4,945,283
Southern Workforce Board Incorporated
Durant, OK
$5,906,291
Worklife Partnership
Denver, CO
$5,553,056
Local Workforce Investment Area Iii Inc
Lenexa, KS
$5,008,449
Veterans Of Foreign Wars Foundation
Kansas City, MO
$7,276,524
Colorado Womens Employment And Education Incorporated
Denver, CO
$4,370,737
Rocky Mountain Ser Jobs For Progress Inc
Denver, CO
$5,824,554
New Workforce Directions Inc
Tulsa, OK
$3,807,256
Mt Carmel Veterans Service Center
Colorado Springs, CO
$3,406,347
Desta
Littleton, CO
$3,282,629
Boys & Girls Clubs Of South Central Texas
San Marcos, TX
$3,674,868
The Workfaith Connection
Houston, TX
$2,831,346
The Spero Project Inc
Oklahoma City, OK
$2,460,091
Rural Missouri Incorporated
Jefferson City, MO
$3,116,015
Project Arriba Advanced Retraining And Redev Inc
El Paso, TX
$2,767,579
Heartland Works Inc
Topeka, KS
$2,396,138
Missouri Goodwill Industries
St Louis, MO
$2,623,562

Create an account to unlock the data you need.

or