Skillsource Group Inc

Organization Overview

Skillsource Group Inc is located in Vienna, VA. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Skillsource Group Inc employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skillsource Group 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 06/2023, Skillsource Group Inc generated $7.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $7.7m during the year ending 06/2023. While expenses have increased by 0.6% 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO FACILITATE AND ENHANCE THE EMPLOYABILITY OF JOB-SEEKERS & EMPLOYER ACCESS TO QUALIFIED WORKERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WIOA PROGRAMS:WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) PROVIDE FREE EMPLOYMENT AND TRAINING SERVICES TO ASSIST ELIGIBLE INDIVIDUALS IN FINDING AND QUALIFYING FOR MEANINGFUL EMPLOYMENT. ELIGIBLE INDIVIDUALS INCLUDE ADULTS AGES 18 YEARS AND OLDER, LOW-INCOME ADULTS, LOW-SKILLED WORKERS, DISLOCATED WORKERS THAT WERE TERMINATED OR LAID OFF, AND LOW-INCOME YOUTH AGES 16-24 WHO FACE BARRIERS TO EMPLOYMENT. IN FY 2023, 699 INDIVIDUALS WERE ENROLLED IN ALL WIOA PROGRAMS, 246 WERE PLACED INTO JOBS, AND 208 CERTIFICATIONS WERE EARNED. AN INDEPENDENT RETURN ON INVESTMENT REPORT ESTIMATED THAT THE BENEFITS OF WIOA PROGRAMS ARE 5.6 TIMES GREATER THAN THE PROGRAM COSTS.


EFFECTIVE JULY 1, 2019, THE NORTHERN VIRGINIA SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM (SCSEP) UNDER THE NATIONAL COUNCIL ON AGING (NCOA) WAS SUB-CONTRACTED TO THE SKILLSOURCE GROUP, INC. SCSEP PROVIDES TEMPORARY COMMUNITY SERVICE TRAINING OPPORTUNITIES TO OLDER WORKERS OVER THE AGE OF 55 TO PREPARE THEM FOR JOBS IN THEIR COMMUNITY. IN FY 2023, 118 OLDER WORKERS WERE SERVED AND ACTIVELY PLACED AT WORK SITES OR IN TRAINING, 17 WERE PLACED INTO PERMANENT EMPLOYMENT, AT AN AVERAGE HOURLY WAGE OF $15.


ELEVATE PROGRAM:THE ELEVATE INITIATIVE, FUNDED THROUGH THE PRINCE WILLIAM COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT, STARTED MARCH 1, 2022 TO OCTOBER 31, 2024. THE GOAL OF ELEVATE IS TO REBUILD THE COUNTY'S WORKFORCE AND HELP POSITIVELY AFFECT BUSINESSES' REVENUE AFTER THE EFFECTS OF THE COVID-19 PANDEMIC LOSSES. AS OF JUNE 2023, 184 PRINCE WILLIAM COUNTY JOBSEEKERS WERE ENROLLED, 62% HAVE STARTED TRAINING, 42% HAVE COMPLETED TRAINING, AND 35% HAVE BEEN PLACED INTO EMPLOYMENT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fairfax County Dpt Of Family Svcs
One Stop Workforce Center Operator
$2,933,855
Allied Universal
Security Services
$144,709
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$1,660
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,681,923
All other contributions, gifts, grants, and similar amounts not included above$275,182
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,958,765
Total Program Service Revenue$589,632
Investment income $2,099
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 $7,550,496

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