Workforce Development Corporation Southeast Los Angeles County Inc
- Assets
- $3.1m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 273
- Location
- Cerritos, CA
- Founding
- 10/1993
- Data as of
- 06/2022
- EIN
- 33-0287492
Organization Overview
Workforce Development Corporation Southeast Los Angeles County Inc is located in Cerritos, CA. The organization was established in 1993. 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 06/2022, Workforce Development Corporation Southeast Los Angeles County Inc employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workforce Development Corporation Southeast Los Angeles County 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, Workforce Development Corporation Southeast Los Angeles County Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $9.4m during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL, EMPLOYMENT, & JOB TRAINING: PROVIDES CHILDCARE & JOB TRAINING SERVICES TO QUALIFIED PARTICIPANTS BASED UPON FEDERAL & STATE GRANT REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF FEDERAL/STATE EMPLOYMENT TRAINING PROGRAMS DESIGNED TO ASSIST THE NEEDS OF UNEMPLOYED AND UNDEREMPLOYED ADULT WORKERS, ALONG WITH JOBS FOR DISADVANTAGED YOUTH. ADDITIONALLY, TO MEET THE NEEDS OF LOCAL BUSINESSES.
CALIFORNIA GENERAL PRE-SCHOOL PROGRAM: ADMINISTRATION OF STATE OF CALIFORNIA CHILD CARE PROGRAM DESIGNED TO PROVIDE A LEARNING ENVIRONMENT TO LOW INCOME AND DISADVANTAGED CHILDREN.
OTHER GRANTS: TO CREATE SYSTEM IMPROVEMENTS FOR GREATER REGIONAL PLANNING & COOPERATION BETWEEN EMPLOYERS, WORKFORCE INVESTMENT BOARDS, NONPROFIT JOB TRAINING AND EMPLOYER PROVIDERS, COMMUNITY COLLEGES, LABOR, AND OTHER STAKEHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yolanda Castro Executive Dir. | Officer | 40 | $121,664 |
Kathryn Ford Dep Dir Of Adm Bus Svc | 40 | $99,635 | |
Chau Diep Chief Fiscal Officer | 40 | $61,210 | |
Mark Dameron Chairman | OfficerTrustee | 1 | $0 |
Aaron Drake Vice Chair | OfficerTrustee | 1 | $0 |
Ben Espitia Secretary/trsy | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,001,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,001,194 |
| Total Program Service Revenue | $5,206,575 |
| Investment income | $18 |
| 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 | $9,291,553 |
| 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. | $213,348 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,979,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $550,938 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $135,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $48,643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $461,471 |
| Travel | $0 |
| 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 | $39,465 |
| Insurance | $26,711 |
| All other expenses | $104,292 |
| Total functional expenses | $9,355,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,082,650 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,774,046 |
| 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 | $190,872 |
| Net Land, buildings, and equipment | $2,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,338 |
| Total assets | $3,079,206 |
| Accounts payable and accrued expenses | $1,925,389 |
| Grants payable | $37,215 |
| Deferred revenue | $626,771 |
| 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 | $2,589,375 |
| Net assets without donor restrictions | $489,831 |
| 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 | $3,079,206 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Workforce Development Corporation Southeast Los Angeles County Inc has recieved totaling $24,250.
| Awarding Organization | Amount |
|---|---|
United Way Inc Los Angeles, CA PURPOSE: Financial Stability | $24,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Summer Search Oakland, CA | $27,211,830 | $33,940,327 |
Options For All Inc San Diego, CA | $11,651,717 | $19,801,261 |
Central Valley Opportunity Center Winton, CA | $7,895,014 | $14,975,890 |
Urban Corps Of San Diego San Diego, CA | $15,173,777 | $14,300,091 |
Film L A Inc Los Angeles, CA | $20,241,193 | $14,666,382 |
Yuma Private Industry Council Incorporated Yuma, AZ | $2,039,938 | $12,291,085 |
Workforce Development Corporation Southeast Los Angeles County Inc Cerritos, CA | $3,079,206 | $9,291,553 |
Arizona Industries For The Blind Phoenix, AZ | $15,708,519 | $11,232,717 |
Westview Services Inc Anaheim, CA | $43,801,353 | $14,508,917 |
California Indian Manpower Consortium Inc Sacramento, CA | $1,497,620 | $8,173,008 |
Conservation Corps North Bay Inc Novato, CA | $6,777,357 | $8,972,735 |
Solano County Private Industry Council Inc Fairfiled, CA | $1,306,172 | $7,947,127 |