Southern Workforce Board Incorporated
- Assets
- $1.0m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 98
- Location
- Durant, OK
- Founding
- 06/2013
- Data as of
- 06/2022
- EIN
- 45-5383995
Organization Overview
Southern Workforce Board Incorporated is located in Durant, OK. The organization was established in 2013. 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, Southern Workforce Board Incorporated employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Workforce Board Incorporated 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, Southern Workforce Board Incorporated generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $5.9m during the year ending 06/2022. While expenses have increased by 7.8% 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
SOUTHERN WORKFORCE BOARD, INC. (SWB) WAS INCORPORATED TO ADMINISTER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) AND OTHER FEDERAL AND STATE JOB TRAINING PROGRAMS FOR THE SOUTHERN JURISDICTION OF 17 COUNTIES IN THE SOUTHERN AND SOUTHEAST OKLAHOMA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT SERVICES - SWB ADMINISTERS FUNDS AND OVERSEES SERVICES CONTRACTED WITH A SERVICES PROVIDER THAT WILL ENCOMPASS WORKFORCE INVESTMENT PROGRAMS AND INITIATIVES THAT PROVIDE MANY ADULT WORKERS WITH WORKFORCE PREPARATION AND CAREER DEVELOPMENT SERVICES, AND HELP EMPLOYERS FIND THE SKILLED WORKERS THEY NEED. ACTIVITIES PROMOTE AND FACILITATE AN INTEGRATED PUBLIC WORKFORCE SYSTEM THROUGH WHICH A FULL ARRAY OF SERVICES IS OFFERED TO WORKERS AND EMPLOYERS THROUGHOUT THE NATIONAL NETWORK OF ONE-STOP CAREER CENTERS.
WIOA INCENTIVE, SECTOR PARTNERSHIP, BUSINESS SERVICES, YOUTH SUMMIT, JOB FAIR, CAREER DISCOVERY, OTHER
DISLOCATED WORKERS SERVICES - SWB ADMINISTERS FUNDS AND OVERSEES SERVICES CONTRACTED WITH A SERVICE PROVIDER THAT PROVIDE SERVICES TO ADDRESS LAYOFFS, DISPLACED HOMEMAKERS, ECONOMIC TRANSITIONS, AND OTHER UNEXPECTED EVENTS. THERE IS ASSISTANCE IN JOB-SEARCH, JOB-PLACEMENT, CAREER COUNSELING, COMPREHENSIVE ASSESSMENT OF AN INDIVIDUAL'S EMPLOYABILITY, DEVELOPMENT OF A PERSONAL PLAN, OCCUPATIONAL TRAINING AND SUPPORTIVE SERVICES.
YOUTH PROGRAM SERVICES - SWB ADMINISTERS FUNDS AND OVERSEES SERVICES BY CONTRACTING WITH A SERVICE PROVIDER THAT TARGETS ELIGIBLE YOUTH SEEKING ASSISTANCE IN ACHIEVING ACADEMIC AND EMPLOYMENT SUCCESS, EFFECTIVE AND COMPREHENSIVE ACTIVITIES FOR IMPROVING EDUCATIONAL AND SKILL COMPETENCIES, AND PROVIDE EFFECTIVE CONNECTIONS TO EMPLOYERS. SERVICES FOR ON-GOING MENTORING OPPORTUNITIES, IN THE WORKPLACE AND THE COMMUNITY, TRAINING, SUPPORTIVE SERVICES, INCENTIVES FOR RECOGNITION AND ACHIEVEMENTS, AS WELL AS OPPORTUNITIES IN ACTIVITIES RELATED TO LEADERSHIP, DEVELOPMENT, DECISION MAKING, CITIZENSHIP, AND COMMUNITY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Manning Executive Director | Officer | 40 | $66,340 |
Karen Davidson Deputy Director | Officer | 40 | $66,189 |
Gail Armstrong Fiscal Officer | Officer | 40 | $63,068 |
Melissa Prentice Board Chairman | Trustee | 3 | $0 |
Arlinda Darst Board Vice-Chairman | Trustee | 3 | $0 |
Les Brown Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dynamic Workforce Solutions Service Provider | 6/29/22 | $2,052,232 |
Arbuckle Truck Driving School Inc Truck Driving School | 6/29/22 | $445,274 |
Eckerd Workforce Development | 6/29/22 | $277,486 |
Green Country Workforce Development Board Inc Workforce Development | 6/29/22 | $263,116 |
Force Welding School Welding Training School | 6/29/22 | $171,559 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,897,198 |
| 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 | $5,897,198 |
| Total Program Service Revenue | $9,093 |
| 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 | $5,906,291 |
| 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. | $226,727 |
| Compensation of current officers, directors, key employees. | $147,709 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $559,753 |
| Pension plan accruals and contributions | $28,537 |
| Other employee benefits | $124,475 |
| Payroll taxes | $62,727 |
| Fees for services: Management | $225,723 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,508,060 |
| Advertising and promotion | $0 |
| Office expenses | $72,830 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $273,203 |
| Travel | $245,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $508 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,671 |
| All other expenses | $30,020 |
| Total functional expenses | $5,897,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,282 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $529,436 |
| Accounts receivable, net | $39,439 |
| 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 | $0 |
| 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 | $1,004,157 |
| Accounts payable and accrued expenses | $585,996 |
| Grants payable | $0 |
| Deferred revenue | $431,576 |
| 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 | $1,017,572 |
| Net assets without donor restrictions | -$13,415 |
| 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 | $1,004,157 |