Teenworks Inc
- Assets
- $2.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 511
- Location
- Indianapolis, IN
- Founding
- 05/2013
- Data as of
- 12/2023
- EIN
- 46-2047309
Organization Overview
Teenworks Inc, operating under the name Teenworks, is located in Indianapolis, IN. The organization was established in 2013. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Teenworks employed 511 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teenworks 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 12/2023, Teenworks generated $3.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 6.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP TEENS TO ACHIEVE EXCELLENCE IN COLLEGE, CAREER, AND COMMUNITY. TEENWORKS EMPOWERS TEENS TO DISCOVER A NEW LEVEL OF SELF-CONFIDENCE, RECOGNIZE THAT ACHIEVING PROFESSIONAL SUCCESS IS WITHIN THEIR REACH, AND BUILD THEIR RESOURCES TO MAKE IT HAPPEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEENWORKS SUMMER PROGRAM IS THE FOUNDATIONAL ENTRY POINT FOR ALL TEENWORKS PARTICIPANTS. TEENS LEARN BASIC AND EMPLOYABILITY SKILLS, COMPLETE SIX WEEKS OF EMPLOYMENT AND PROFESSIONAL DEVELOPMENT, AND EARN A JOB READY CERTIFICATE BY DEMONSTRATING PROFICIENCY IN THE SOFT SKILLS ALIGNED WITH INDIANA'S EMPLOYABILITY SKILLS BENCHMARKS.
THE TEENWORKS PRO PROGRAM OFFERS TEENS COMPREHENSIVE, CAREER-FOCUSED PROFESSIONAL DEVELOPMENT AND CAREER PATHWAY EXPERIENCE THROUGHOUT THE ACADEMIC YEAR.
THE TEENWORKS ALUMNI SERVICES PROGRAM AIMS TO PROVIDE ACADEMIC AND CAREER SUPPORT TO TEENS WHO HAVE SUCCESSFULLY COMPLETED THE TEENWORKS PRO PROGRAM. THIS INCLUDES SCHOLARSHIPS, ACADEMIC SUPPORT, PROFESSIONAL CREDENTIALING AND CASE MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Duvall President/ceo | Officer | 40 | $181,864 |
Kimberly Cox Director Of Finance | Officer | 40 | $71,314 |
Latoya Williams Treasurer | OfficerTrustee | 2 | $0 |
Katrina Clingerman Secretary | Trustee | 2 | $0 |
Marianne Glick Board Chair | OfficerTrustee | 10 | $0 |
Ro-Anne Royer Engle Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $90,954 |
| Related organizations | $0 |
| Government grants | $77,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,289,270 |
| Noncash contributions included in lines 1a–1f | $15,147 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,457,724 |
| Total Program Service Revenue | $0 |
| Investment income | $25,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,098 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,538,009 |
| 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. | $285,317 |
| Compensation of current officers, directors, key employees. | $12,634 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,658,857 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $156,505 |
| Payroll taxes | $151,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,855 |
| Fees for services: Other | $40,377 |
| Advertising and promotion | $13,223 |
| Office expenses | $0 |
| Information technology | $6,931 |
| Royalties | $0 |
| Occupancy | $50,847 |
| Travel | $160,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,338 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,473 |
| Insurance | $61,773 |
| All other expenses | $34,989 |
| Total functional expenses | $2,992,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,264,317 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $496,762 |
| Accounts receivable, net | $0 |
| 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 | $15,220 |
| Net Land, buildings, and equipment | $16,244 |
| Investments—publicly traded securities | $1,102,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,894,778 |
| Accounts payable and accrued expenses | $158,984 |
| 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 | $158,984 |
| Net assets without donor restrictions | $2,141,813 |
| Net assets with donor restrictions | $593,981 |
| 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 | $2,894,778 |