Tech Collective-Workforce Development Fund Inc
- Assets
- $85.3k
- Revenue
- $733.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Providence, RI
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 42-1548699
Organization Overview
Tech Collective-Workforce Development Fund Inc is located in Providence, RI. The organization was established in 2002. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Tech Collective-Workforce Development Fund Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tech Collective-Workforce Development Fund 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 12/2021, Tech Collective-Workforce Development Fund Inc generated $733.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $460.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE TECHNOLOGY EDUCATION AND WORKFORCE IN RHODE ISLAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENT- EDUCATIONAL PARTNERSHIPS WITH AREA HIGH SCHOOLS AND COLLEGES TO PROVIDE CAREER MENTORING, ADVISORY BOARDS, ETC. TO TRAIN AND EDUCATE STUDENTS IN THE TECHNOLOGY FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oscar T Hebert President | OfficerTrustee | 2 | $0 |
Joseph Devine Vice President | OfficerTrustee | 2 | $0 |
Sandy Ross Treasurer | OfficerTrustee | 2 | $0 |
Lisa Shorr Secretary | OfficerTrustee | 1 | $0 |
William Annino Director | Trustee | 1 | $0 |
Jason Alburquerque Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Auslyn Group Training Services | 12/30/19 | $116,550 |
General Assembly Space Inc Training Services | 12/30/19 | $193,220 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $161,383 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,219 |
| Total Program Service Revenue | $314,423 |
| Investment income | $2 |
| 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 | $733,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,933 |
| 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 | $230,140 |
| Pension plan accruals and contributions | $5,714 |
| Other employee benefits | $16,193 |
| Payroll taxes | $25,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,483 |
| Advertising and promotion | $0 |
| Office expenses | $2,239 |
| Information technology | $16,443 |
| Royalties | $0 |
| Occupancy | $3,100 |
| Travel | $2,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $500 |
| Interest | $3,263 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,804 |
| Insurance | $4,285 |
| All other expenses | $0 |
| Total functional expenses | $460,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,813 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,990 |
| 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 | $21,562 |
| Net Land, buildings, and equipment | $3,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,338 |
| Accounts payable and accrued expenses | $3,630 |
| 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 | $63,082 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66,712 |
| Net assets without donor restrictions | $18,626 |
| 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 | $85,338 |