Skillsource Group Inc
- Assets
- $1.8m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 170
- Location
- Vienna, VA
- Founding
- 03/2002
- Data as of
- 06/2022
- EIN
- 30-0129320
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 06/2022, Skillsource Group Inc employed 170 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 06/2022, Skillsource Group Inc generated $6.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $6.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 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
2022
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:ADULT, DISLOCATED WORKER, AND YOUTH PROGRAMS FUNDED THROUGH THE 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 2022, 547 INDIVIDUALS WERE ENROLLED IN ALL WIOA PROGRAMS, 206 WERE PLACED INTO JOBS, AND 179 CERTIFICATIONS WERE EARNED. AN INDEPENDENT RETURN ON INVESTMENT REPORT ESTIMATED THAT THE BENEFITS OF WIOA PROGRAMS ARE 2.3 TIMES GREATER THAN THE PROGRAM COSTS.
SCSEP PROGRAM: 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. SCSEP PARTICIPANTS TRAIN AN AVERAGE OF 20 HOURS A WEEK, AND ARE PAID A TRAINING STIPEND THAT IS THE HIGHEST OF FEDERAL, STATE, OR LOCAL MINIMUM WAGE DIRECTLY BY SCSEP. PARTICIPANTS ARE PLACED IN A WIDE VARIETY OF COMMUNITY SERVICE TRAINING ASSIGNMENTS AT NON-PROFIT AND PUBLIC FACILITIES, SUCH AS SENIOR CENTERS, DAY CARE CENTERS, SCHOOLS, AND HOSPITALS. THIS ON-THE-JOB TRAINING EXPERIENCE CAN THEN BE USED AS A BRIDGE TO FIND EMPLOYMENT OPPORTUNITIES OUTSIDE OF THE PROGRAM. IN FY 2022, 120 OLDER WORKERS WERE SERVED AND ACTIVELY PLACED AT WORK SITES OR IN TRAINING, 23 WERE PLACED INTO PERMANENT EMPLOYMENT, AT AN AVERAGE HOURLY WAGE OF $11.
TANF/ESLA INITIATIVES (INCLUDING TANF4 P4P):THROUGH GRANT FUNDING FROM THE VIRGINIA DEPARTMENT OF SOCIAL SERVICES, SSG HAS OPERATED AN EMPLOYMENT FOR RECIPIENTS OF TEMPORARY ASSISTANCE TO NEEDY FAMILIES, LOW-INCOME, DISABLED, OR FORMERLY INCARCERATED JOB SEEKERS, RESULTING IN INCREASED SKILLS ATTAINMENT AND SELF-SUFFICIENCY THROUGH EMPLOYMENT. IN FY 2022, THE ESLA PROGRAMS HAVE ENROLLED 127 JOBSEEKERS AND HELPED 87 (69%) INTO EMPLOYMENT AT AN AVERAGE WAGE OF $20.02.
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) | Role | Hours | Compensation |
|---|---|---|---|
David A Hunn President & CEO | Officer | 40 | $204,467 |
Seema Jain Vice President Of Operations | 40 | $137,999 | |
Debra Eshelman Chairman Of The Board | OfficerTrustee | 1 | $0 |
Marc Tate Vice Chairman Of The Board | OfficerTrustee | 1 | $0 |
Hector Velez Director | Trustee | 1 | $0 |
Todd House Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prince William County - Va Cooperative E Fin. Empowerment Center Operator | 6/29/22 | $111,640 |
Fairfax County Dpt Of Family Svcs One Stop Workforce Center Operator | 6/29/22 | $2,123,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $207,317 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,844,529 |
| All other contributions, gifts, grants, and similar amounts not included above | $342,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,394,242 |
| Total Program Service Revenue | $510,869 |
| Investment income | $1,791 |
| 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 | $6,906,902 |
| 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. | $246,444 |
| Compensation of current officers, directors, key employees. | $115,829 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,166,360 |
| Pension plan accruals and contributions | $133,134 |
| Other employee benefits | $111,042 |
| Payroll taxes | $184,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,494 |
| Fees for services: Accounting | $62,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300,405 |
| Advertising and promotion | $57,554 |
| Office expenses | $81,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,705 |
| Travel | $4,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,996 |
| Insurance | $24,807 |
| All other expenses | $85,032 |
| Total functional expenses | $6,802,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,598 |
| Savings and temporary cash investments | $268,951 |
| Pledges and grants receivable | $1,232,123 |
| 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 | $44,092 |
| Net Land, buildings, and equipment | $12,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,787 |
| Total assets | $1,796,857 |
| Accounts payable and accrued expenses | $859,782 |
| Grants payable | $0 |
| Deferred revenue | $12,290 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $165,933 |
| 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 | $1,038,005 |
| Net assets without donor restrictions | $446,622 |
| Net assets with donor restrictions | $312,230 |
| 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 | $1,796,857 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Skillsource Group Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |