Conxusneo
- Assets
- $476.1k
- Revenue
- $993.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Akron, OH
- Founding
- 05/2005
- Data as of
- 06/2022
- EIN
- 34-2019627
Organization Overview
Conxusneo is located in Akron, OH. The organization was established in 2005. According to its NTEE Classification (J19) the organization is classified as: Support N.E.C., under the broad grouping of Employment and related organizations. As of 06/2022, Conxusneo employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Conxusneo 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, Conxusneo generated $993.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 5 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
CONXUSNEO BUILDS THE CAPACITY AND IMPROVES THE PERFORMANCE OF THE GREATER AKRON TALENT ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONXUSNEO SERVES AS THE CONNECTIVE TISSUE AMONG WORKFORCE DEVELOPMENT PROVIDERS, ENSURING THAT THEIR EFFORTS ARE INFORMED BY DATA, CONNECTED, INCLUSIVE, AND ALIGNED FOR MAXIMUM IMPACT. CONXUSNEO ENABLES WORKFORCE DEVELOPMENT PROVIDERS TO OPERATE AS AN EFFECTIVE, EFFICIENT SYSTEM TO MAXIMIZE RESULTS FOR EMPLOYERS. WE SEEK TO DRIVE SYSTEM IMPROVEMENT TO TRANSFORM HOW EDUCATION AND WORKFORCE PROVIDERS BETTER PREPARE INDIVIDUALS FOR THE WORKFORCE AND SUPPORT EMPLOYERS TO PROVIDE QUALITY JOBS THAT WILL ENABLE THEM TO HIRE AND RETAIN WORKERS WITH NECESSARY SKILLS INTO THESE JOBS THAT PROVIDE OPPORTUNITIES FOR ADVANCEMENT. WE DO THIS THROUGH THE CONVENING OF SECTOR PARTNERSHIPS IN MANUFACTURING, HEALTHCARE AND TECH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Para Jones Board Chair | OfficerTrustee | 1 | $0 |
Steve Millard Board Secretary | OfficerTrustee | 1 | $0 |
Jim Mullen Board Vice Chair | OfficerTrustee | 1 | $0 |
Diane Miller Dawson Board Treasurer | OfficerTrustee | 1 | $0 |
Ellen Mcwilliams-Woods Board Member | Trustee | 1 | $0 |
Jason Dodson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $75,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $410,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $508,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $993,851 |
| Total Program Service Revenue | $0 |
| Investment income | $35 |
| 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 | $993,949 |
| 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. | $280,227 |
| Compensation of current officers, directors, key employees. | $39,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,781 |
| Pension plan accruals and contributions | $13,110 |
| Other employee benefits | $77,839 |
| Payroll taxes | $45,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,206 |
| Fees for services: Accounting | $25,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,243 |
| Advertising and promotion | $11,259 |
| Office expenses | $19,656 |
| Information technology | $4,550 |
| Royalties | $0 |
| Occupancy | $11,997 |
| Travel | $1,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,461 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,897 |
| All other expenses | $2,432 |
| Total functional expenses | $1,112,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386,793 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,759 |
| 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 | $500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $476,052 |
| Accounts payable and accrued expenses | $87,849 |
| 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 | $87,849 |
| Net assets without donor restrictions | $81,715 |
| Net assets with donor restrictions | $306,488 |
| 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 | $476,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mortar Cincinnati Cincinnati, OH | $4,414,085 | $2,137,813 |
Conxusneo Akron, OH | $476,052 | $993,949 |
Painters & Decorators Building Incorporated Cleveland, OH | $2,852,235 | $590,349 |
Tyler County Development Authority Inc Sistersville, WV | $2,588,747 | $151,965 |
Urban Bridges Cleveland, OH | $500,826 | $371,517 |
Sheet Metal Workers Wheeling District Building Corporation Wheeling, WV | $509,085 | $44,223 |
Local 1466 Ibew Building Corporatio Columbus, OH | $0 | $5 |
International Society For Fall Protection I S F P Miamisburg, OH | $65,030 | $0 |
Robert And Christine Chiles Foundation Southgate, MI | $188,744 | $86,010 |
Building Corporation Of The Iuoe Local 324 Stationary Engineers' Educatio Bloomfield Township, MI | $851,160 | $11,529 |
Veterans Resource Center Canton, MI | $5,513 | $0 |