Southwest Wisconsin Workforce Development Board Inc
- Assets
- $2.7m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 167
- Location
- Platteville, WI
- Founding
- 07/1984
- Data as of
- 06/2024
- EIN
- 39-1451363
Organization Overview
Southwest Wisconsin Workforce Development Board Inc is located in Platteville, WI. The organization was established in 1984. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2024, Southwest Wisconsin Workforce Development Board Inc employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Wisconsin 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 06/2024, Southwest Wisconsin Workforce Development Board Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $6.3m during the year ending 06/2024. While expenses have increased by 3.6% per year over the past 9 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.
Since 2015, Southwest Wisconsin Workforce Development Board Inc has awarded 18 individual grants totaling $5,206,785. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A COLLABORATIVE TALENT DEVELOPMENT SYSTEM WITHIN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) ADULT AND DISLOCATED WORKERS PROGRAMS SEEK TO IMPROVE EMPLOYMENT, RETENTION, AND EARNINGS OF WIOA 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. YOUTH ACTIVITIES SEEK TO INCREASE THE ATTAINMENT OF BASIC SKILLS, WORK READINESS, OR OCCUPATIONAL SKILLS, AND SECONDARY DIPLOMAS OR OTHER CREDENTIALS. A PERSON IS ELIGIBLE TO RECEIVE SERVICES UNDER YOUTH ACTIVITIES IF THEY ARE BETWEEN THE AGES OF FOURTEEN AND TWENTY-ONE AT THE TIME OF ENROLLMENT AND DEMONSTRATE AT LEAST ONE OF THE FOLLOWING BARRIERS TO EMPLOYMENT: DEFICIENT IN BASIC LITERACY SKILLS, A SCHOOL DROPOUT, HOMELESS, A RUNAWAY, A FOSTER CHILD, PREGNANT OR PARENTING, OFFENDER, OR AN INDIVIDUAL WHO REQUIRES ADDITIONAL ASSISTANCE TO COMPLETE AN EDUCATIONAL PROGRAM OR TO SECURE AND HOLD EMPLOYMENT. SOUTHWEST WISCONSIN WORKFORCE DEVELOPMENT BOARD SERVED 1,316 PARTICIPANTS DURING THE YEAR.
THE FOODSHARE EMPLOYMENT AND TRAINING (FSET) PROGRAM PROVIDES SERVICES TO PREPARE INDIVIDUALS FOR THE WORLD OF WORK WITH THE GOAL THAT THEY MIGHT OBTAIN AND MAINTAIN VIABLE, SELF-SUSTAINING EMPLOYMENT THEREBY ALLOWING THEM TO REMAIN ELIGIBLE FOR THEIR FOOD SHARE BENEFITS OR WEAN THEMSELVES OFF THOSE BENEFITS ENTIRELY. SOUTHWEST WISCONSIN WORKFORCE DEVELOPMENT BOARD SERVED 1271 PARTICIPANTS DURING THE YEAR.
PATHWAY HOME - PATHWAY HOME PROVIDES ELIGIBLE INCARCERATED INDIVIDUALS IN STATE CORRECTIONAL FACILITIES OR LOCAL OR COUNTY JAILS WITH WORKFORCE SERVICES PRIOR TO RELEASE AND CONTINUES SERVICES AFTER RELEASE BY TRANSITIONING THE PARTICIPANTS INTO REENTRY PROGRAMS IN THE COMMUNITIES IN WHICH THEY WILL RETURN. THIS GRANT IS JOB-DRIVEN AND BUILDS CONNECTIONS TO LOCAL EMPLOYERS THAT WILL ENABLE TRANSITIONING OFFENDERS TO SECURE EMPLOYMENT BY ENSURING PARTICIPANTS ARE PREPARED TO MEET THE NEEDS OF THEIR LOCAL LABOR MARKETS WITH THE SKILLS VALUED BY EMPLOYERS. SOUTHWEST WISCONSIN WORKFORCE DEVELOPMENT BOARD SERVED 144 PARTICIPANTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Lauck Chair | OfficerTrustee | 1 | $0 |
Keith Kruse 1st Vice Chair | OfficerTrustee | 1 | $0 |
Michael Williams 2nd Vice Chair | OfficerTrustee | 1 | $0 |
James Otterstein Treasurer | OfficerTrustee | 1 | $0 |
Lisa Omen Secretary | OfficerTrustee | 1 | $0 |
Linda Hendrickson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,157,171 |
| 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 | $6,157,171 |
| Total Program Service Revenue | $359,062 |
| Investment income | $47,690 |
| 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 | $6,563,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $998,949 |
| Grants and other assistance to domestic individuals. | $1,467,038 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,655 |
| Compensation of current officers, directors, key employees. | $131,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,516,517 |
| Pension plan accruals and contributions | $99,730 |
| Other employee benefits | $308,890 |
| Payroll taxes | $199,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $696 |
| Fees for services: Accounting | $23,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,644 |
| Advertising and promotion | $25,025 |
| Office expenses | $98,441 |
| Information technology | $88,249 |
| Royalties | $0 |
| Occupancy | $120,974 |
| Travel | $88,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,402 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,801 |
| Insurance | $15,108 |
| All other expenses | $32,861 |
| Total functional expenses | $6,334,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,000 |
| Savings and temporary cash investments | $1,139,274 |
| Pledges and grants receivable | $827,397 |
| Accounts receivable, net | $166,947 |
| 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 | $48,908 |
| Net Land, buildings, and equipment | $163,099 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,140 |
| Total assets | $2,741,765 |
| Accounts payable and accrued expenses | $450,943 |
| Grants payable | $0 |
| Deferred revenue | $327,523 |
| 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 | $149,217 |
| Total liabilities | $927,683 |
| Net assets without donor restrictions | $1,814,082 |
| 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 | $2,741,765 |
Grants Awarded
Over the last fiscal year, Southwest Wisconsin Workforce Development Board Inc has awarded $998,949 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWEST WISCONSIN WORKFORCE INVESTMENT BOARD INC PURPOSE: PH2 GRANT | $118,650 |
MANPOWER GROUP USA INC PURPOSE: EMPLOYMENT AND TRAINING TO ADULTS, DISLOCATED WORKERS, AND YOUTH | $657,180 |
FOX VALLEY WORKFORCE DEVELOPMENT BOARD INC PURPOSE: PH2 GRANT | $223,119 |