Institute For Workforce Excellence Inc
- Assets
- $2.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Indianapolis, IN
- Founding
- 05/2005
- Data as of
- 10/2023
- EIN
- 30-0279390
Organization Overview
Institute For Workforce Excellence Inc is located in Indianapolis, IN. The organization was established in 2005. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 10/2023, Institute For Workforce Excellence Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Workforce Excellence 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 10/2023, Institute For Workforce Excellence Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $1.9m during the year ending 10/2023. While expenses have increased by 30.2% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO HELPING INDIANA ATTRACT, DEVELOP AND RETAIN HOOSIER TALENT NEEDED TO DRIVE A HIGHLY SKILLED AND EQUITABLE WORKFORCE.
Describe the Organization's Program Activity:
LAUNCH A TALENT RESOURCE NAVIGATOR, AN ONLINE TOOL DESIGNED TO PROVIDE THE MOST UP-TO-DATE INFORMATION ABOUT EDUCATIONAL AND JOB TRAINING OPPORTUNITIES, IN-DEMAND SKILLS AND EMPLOYMENT DATA FOR INDIANA. THIS EFFORT WILL HELP EMPLOYERS ENHANCE THEIR WORKERS' SKILLS AND INDIVIDUALS LEARN ABOUT WHAT THEY NEED FOR AVAILABLE JOBS.
WORK AND LEARN INDIANA IS THE CATALYST FOR EXPANDING THE CREATION AND USE OF HIGH-QUALITY EXPERIENTIAL LEARNING OPPORTUNITIES AS A KEY STRATEGY IN RETAINING INDIANA'S TOP TALENT. THE PROGRAM LINKS INDIANA EMPLOYERS, LEARNERS, HIGH SCHOOLS, COLLEGES AND UNIVERSITIES. IT IS A DYNAMIC, SEARCHABLE DATABASE, MATCHING AND REPORTING SYSTEM THAT ALSO PROVIDES RESOURCES AND GUIDANCE ON WORK-BASED LEARNING OPPORTUNITIES.
MORE THAN 1,000 BUSINESS LEADERS PARTICIPATE IN THE ANNUAL EMPLOYER WORKFORCE SURVEY. RESULTS POINT TO THE CONTINUING CHALLENGE OF BUSINESSES IN FINDING SKILLED EMPLOYEES. EMPLOYMENT TRENDS ARE TRACKED TO HELP DRIVE ATTENTION TO THE NEED FOR A SKILLED WORKFORCE AND FOCUS ON UNDERSTANDING HOW TO BETTER ALIGN EDUCATION ATTAINMENT OF INDIANA WORKERS TO TALENT NEEDS FOR INDIANA EMPLOYERS. (CONT. SCH O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Brinegar Board Member, Vice Chair | OfficerTrustee | 1 | $0 |
Jason Bearce Board Member | Trustee | 10 | $0 |
Lori Danielson Board Member, Chair | OfficerTrustee | 1 | $0 |
Katie Jenner Board Member | Trustee | 1 | $0 |
Matt Rust Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $903,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,069,238 |
| Total Program Service Revenue | $35,400 |
| Investment income | $50,434 |
| 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 | $1,155,072 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $635,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,769 |
| Payroll taxes | $0 |
| Fees for services: Management | $200,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $436,497 |
| Advertising and promotion | $150,903 |
| Office expenses | $3,463 |
| Information technology | $3,671 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $152,445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $156,396 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,861,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,296 |
| Savings and temporary cash investments | $1,532,152 |
| Pledges and grants receivable | $96,202 |
| 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 | $82,957 |
| Net Land, buildings, and equipment | $273,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,092,307 |
| Accounts payable and accrued expenses | $173,765 |
| 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 | $0 |
| Total liabilities | $173,765 |
| Net assets without donor restrictions | $1,324,327 |
| Net assets with donor restrictions | $594,215 |
| 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 | $2,092,307 |