Finger Lakes Workforce Investment Board Inc
- Assets
- $239.6k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Geneva, NY
- Founding
- 08/2003
- Data as of
- 06/2023
- EIN
- 30-0135156
Organization Overview
Finger Lakes Workforce Investment Board Inc is located in Geneva, NY. The organization was established in 2003. 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 06/2023, Finger Lakes Workforce Investment Board Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finger Lakes Workforce Investment Board 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, Finger Lakes Workforce Investment Board Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 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 IMPROVE THE ECONOMIC WELL-BEING OF JOB SEEKERS AND EMPLOYERS IN THE REGION BY ALIGNING HUMAN POTENTIAL WITH OPPORTUNITIES IN THE WORKPLACE FOR THE RESIDENTS OF ONTARIO, SENECA, WAYNE, AND YATES COUNTIES IN THE STATE OF NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WIOA DISLOCATED WORKERS - SEEKS TO IMPROVE EMPLOYMENT RETENTION AND EARNINGS OF WIA PARTICIPANTS AND INCREASE THEIR EDUCATIONAL AND OCCUPATIONAL SKILL ATTAINMENT, THEREBY IMPROVING THE QUALITY OF THE WORKFORCE, REDUCING WELFARE DEPENDENCY AND ENHANCING NATIONAL PRODUCTIVITY AND COMPETITIVENESS.
OTHER PROGRAMS
WIOA YOUTH - SEEKS TO INCREASE THE ATTAINMENT OF BASIC SKILLS, WORK READINESS OR OCCUPATIONAL SKILLS AND SECONDARY DIPLOMAS AND OTHER CREDENTIALS.
WIOA ADULT - SEEKS TO IMPROVE EMPLOYMENT RETENTION AND EARNINGS OF WIA PARTICIPANTS AND INCREASE THEIR EDUCATIONAL AND OCCUPATIONAL SKILL ATTAINMENT, THEREBY IMPROVING THE QUALITY OF THE WORKFORCE, REDUCING WELFARE DEPENDENCY AND ENHANCING NATIONAL PRODUCTIVITY AND COMPETITIVENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Devault Chair | OfficerTrustee | 11 | $0 |
Peter Bekisz Vice-Chair | OfficerTrustee | 1 | $0 |
Bill Pealer Vice-Chair | OfficerTrustee | 1 | $0 |
Lina Brennan Treasurer | OfficerTrustee | 1 | $0 |
Kathy Baker Board Member | Trustee | 1 | $0 |
Zachary Brooks Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,677,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,681,125 |
| Total Program Service Revenue | $0 |
| 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 | $1,695,965 |
| 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. | $147,641 |
| Compensation of current officers, directors, key employees. | $31,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,988 |
| Pension plan accruals and contributions | $9,836 |
| Other employee benefits | $38,327 |
| Payroll taxes | $30,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,536 |
| 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 | $5,089 |
| Advertising and promotion | $1,103 |
| Office expenses | $13,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,266 |
| Travel | $1,253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,587 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,383 |
| All other expenses | $1,243 |
| Total functional expenses | $1,651,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,427 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $65,565 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,637 |
| Total assets | $239,629 |
| Accounts payable and accrued expenses | $83,441 |
| 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 | $48,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $132,346 |
| Net assets without donor restrictions | $49,336 |
| Net assets with donor restrictions | $57,947 |
| 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 | $239,629 |