North East Texas Workforce Development Board Inc is located in Wake Village, TX. The organization was established in 2002. 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 09/2021, North East Texas Workforce Development Board Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North East Texas Workforce Development 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 09/2021, North East Texas Workforce Development Board Inc generated $15.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $15.3m during the year ending 09/2021. While expenses have increased by 4.7% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE POLICY GUIDELINES, PLANNING, OVERSIGHT AND EVALUATION FOR ALL WORKFORCE DEVELOPMENT PROGRAMS FOR THE NORTHEAST TEXAS WORKFORCE DEVELOPMENT AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EMPLOYMENT AND TRAINING SERVICES, EMPLOYMENT RELATED EDUCATIONAL PROGRAMS, UNEMPLOYMENT COMPENSATION INSURANCE AND PORTIONS OF PUBLIC WELFARE PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Randy Reed Executive Direc | Officer | 40 | $130,838 |
Kiann Richardson Financedirector | Officer | 40 | $95,653 |
David Burns Chair | OfficerTrustee | 1 | $0 |
Roger Feagley Secretary | OfficerTrustee | 1 | $0 |
Tammy Miller Treasurer | OfficerTrustee | 1 | $0 |
Keitha Nilsson Vice Chair | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Swbc Professional Employer Services Llc Peo Contractor Staff | 9/29/21 | $3,077,323 |
Little Texans Childcare Provider | 9/29/21 | $532,064 |
Little Rascals Daycare & Learning Center Childcare Provider | 9/29/21 | $478,153 |
All My Children Child Development Center Llc Childcare Provider | 9/29/21 | $421,016 |
The Dreaming Tree Academy Childcare Provider | 9/29/21 | $413,493 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $14,802,575 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $14,802,575 |
Total Program Service Revenue | $668,512 |
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 | $15,473,387 |
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. | $226,491 |
Compensation of current officers, directors, key employees. | $25,843 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,722,950 |
Pension plan accruals and contributions | $59,035 |
Other employee benefits | $167,296 |
Payroll taxes | $63,819 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $42,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,415 |
Office expenses | $184,662 |
Information technology | $276,628 |
Royalties | $0 |
Occupancy | $532,388 |
Travel | $20,640 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $46,713 |
Insurance | $36,117 |
All other expenses | -$111,316 |
Total functional expenses | $15,294,071 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $175,856 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $713,437 |
Accounts receivable, net | $188,044 |
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 | $4,647 |
Net Land, buildings, and equipment | $175,704 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,257,688 |
Accounts payable and accrued expenses | $869,337 |
Grants payable | $0 |
Deferred revenue | $123,783 |
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 | $993,120 |
Net assets without donor restrictions | $264,568 |
Net assets with donor restrictions | $0 |
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 | $1,257,688 |
Organization Name | Assets | Revenue |
---|---|---|
Workforce Solutions Borderplex Inc El Paso, TX | $5,306,845 | $45,990,076 |
Cameron Works Inc Brownsville, TX | $2,787,280 | $31,592,177 |
Ser-Jobs For Progress National Inc Irving, TX | $3,318,902 | $28,571,341 |
Central Texas Workforce Development Board Inc Belton, TX | $2,941,499 | $26,810,253 |
Heart Of Texas Workforce Development Board Inc Waco, TX | $2,034,664 | $17,688,488 |
North East Texas Workforce Development Board Inc Wake Village, TX | $1,257,688 | $15,473,387 |
Ser-Jobs For Progress Of The Texas Gulf Coast Inc Houston, TX | $10,211,758 | $9,239,776 |
Career And Recovery Resources Inc Houston, TX | $5,635,776 | $6,972,805 |
Southern Workforce Board Incorporated Durant, OK | $1,369,194 | $5,313,142 |
Relief Enterprise Of Texas Inc Austin, TX | $1,282,942 | $4,965,380 |
Northern Area Local Workforce Development Board Santa Fe, NM | $314,154 | $4,682,823 |
Workforce Development Board Sda-83 Inc Monroe, LA | $677,025 | $2,980,053 |