Worklife Partnership
- Assets
- $2.8m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 35
- Location
- Denver, CO
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1331690
Organization Overview
Worklife Partnership is located in Denver, CO. The organization was established in 2014. 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 12/2021, Worklife Partnership employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worklife Partnership 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, Worklife Partnership generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 34.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LEVERAGE COMMUNITY RESOURCES TO ADVANCE WORKERS AND IMPROVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WORKLIFE PARTNERSHIP'S RESOURCE AND HEALTH BENEFITS NAVIGATOR PROGRAMS HELPED 2,215 HARDWORKING EMPLOYEES IMPROVE THEIR WORK-LIFE STABILITY, 24% MORE THAN IN 2020. WE PARTNERED WITH 47 EMPLOYERS ACROSS MULTIPLE SECTORS INCLUDING HEALTHCARE, MANUFACTURING, RETAIL, HOSPITALITY, LONG-TERM CARE, CONSTRUCTION, AND BUSINESS SERVICES TO PROVIDE SUPPORT AND RESOURCES TO THEIR EMPLOYEES. WE CONNECTED EMPLOYEES WITH OVER 200,000 IN DIRECT CASH ASSISTANCE FOR HOUSING, FOOD AND NUTRITION, HEALTHCARE, TRANSPORTATION, ENERGY ASSISTANCE, AND CHILDCARE. WE PROVIDED 6,171 RESOURCES/SERVICES TO CLIENTS, INCLUDING OVER 1,000 FOR MENTAL HEALTH SERVICES-A 58% INCREASE FROM THE YEAR PRIOR. AFTER WORKING WITH A WORKLIFE NAVIGATOR, 87% OF WORKERS SAID THEY ARE NOW IN A BETTER PLACE, 87% SAID THEY WERE LESS STRESSED, 83% SAID THEY FEEL MORE CONFIDENT, 78% SAID THEY ARE MORE LIKELY TO STAY AT THEIR CURRENT COMPANY, AND 70% SAID THEY ARE LESS DISTRACTED AT WORK. IN 2021, WORKLIFE'S SMALL DOLLAR LOAN PROGRAM LENT OVER 355,000 TO COLORADO WORKERS, WITH AN AVERAGE LOAN AMOUNT OF 985, AND LESS THAN A 2% DEFAULT RATE. AFTER RECEIVING A WORKLIFE LOAN, 95% OF BORROWERS SAID THEY FELT THEY WERE IN A BETTER PLACE FINANCIALLY, 95% SAID THEY FELT LESS STRESSED, AND 90% SAID THEY WERE MORE LIKELY TO STAY AT THEIR CURRENT EMPLOYER BECAUSE THEY HAD ACCESS TO WORKLIFE'S LOAN PROGRAM. FIFTY FOUR PERCENT OF BORROWERS SAID THAT OUR LOAN DETERRED THEM FROM GETTING A PAYDAY LOAN. THE SMALL DOLLAR LOAN PROGRAM PROVIDES A CRITICAL SUPPORT ESPECIALLY FOR WOMEN AND PEOPLE OF COLOR-19% OF BORROWERS IDENTIFY AS BLACK, 62% IDENTIFY AS LATINX, AND 80% OF BORROWERS ARE FEMALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liddy Romero CEO | Officer | 40 | $194,919 |
James Huh Senior VP | 40 | $159,794 | |
Linda Montgomery Senior Vice | 40 | $137,016 | |
Cynthia Williams COO | 40 | $134,229 | |
Chris Young CFO | 40 | $129,357 | |
Kevn O'shaughnessey Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,080 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,031,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,165,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,197,257 |
| Total Program Service Revenue | $2,370,806 |
| Investment income | $17,683 |
| 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 | $4,589,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $200,751 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,412 |
| Compensation of current officers, directors, key employees. | $33,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,555,533 |
| Pension plan accruals and contributions | $47,352 |
| Other employee benefits | $366,930 |
| Payroll taxes | $149,619 |
| 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 | $196,482 |
| Advertising and promotion | $22,346 |
| Office expenses | $54,498 |
| Information technology | $131,717 |
| Royalties | $0 |
| Occupancy | $102,640 |
| Travel | $40,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,848 |
| Interest | $9,733 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,325 |
| Insurance | $5,624 |
| All other expenses | $0 |
| Total functional expenses | $3,200,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,527 |
| Savings and temporary cash investments | $2,165,578 |
| Pledges and grants receivable | $92,863 |
| Accounts receivable, net | $58,879 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $181,370 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,914 |
| Net Land, buildings, and equipment | $14,185 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,829,316 |
| Accounts payable and accrued expenses | $195,194 |
| Grants payable | $0 |
| Deferred revenue | $198,196 |
| 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 | $634,250 |
| Other liabilities | $11,890 |
| Total liabilities | $1,039,530 |
| Net assets without donor restrictions | $1,714,733 |
| Net assets with donor restrictions | $75,053 |
| 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 | $2,829,316 |
Grants Awarded
Over the last fiscal year, Worklife Partnership has awarded $146,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: WORKLAB PROJECT | $100,000 |
South Burlington, VT PURPOSE: WORKLAB PROJECT | $20,000 |
Boulder, CO PURPOSE: UPSKILL SUBGRANT | $10,000 |
Denver, CO PURPOSE: UPSKILL SUB GRANT | $10,000 |
Denver, CO PURPOSE: HEALTH INS. LITERACY | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Worklife Partnership has recieved totaling $42,784.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: TECHNICAL ASSISTANCE | $22,500 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $10,233 |
Kaiser Foundation Health Plan Of Colorado Oakland, CA PURPOSE: Financial Health Initiative | $10,000 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $51 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yuma Private Industry Council Incorporated Yuma, AZ | $2,039,938 | $12,291,085 |
Arizona Industries For The Blind Phoenix, AZ | $15,708,519 | $11,232,717 |
Workforce Alliance Of South Central Kansas Inc Wichita, KS | $1,360,874 | $7,220,888 |
Local Workforce Investment Area Iii Inc Lenexa, KS | $530,275 | $5,852,812 |
Denverworks Denver, CO | $2,746,663 | $6,201,899 |
Southern Workforce Board Incorporated Durant, OK | $1,369,194 | $5,313,142 |
Northern Area Local Workforce Development Board Santa Fe, NM | $314,154 | $4,682,823 |
Colorado Womens Employment And Education Incorporated Denver, CO | $5,914,548 | $4,615,932 |
Desta Littleton, CO | $1,571,949 | $3,165,760 |
Worklife Partnership Denver, CO | $2,829,316 | $4,589,879 |
New Workforce Directions Inc Tulsa, OK | $4,728,857 | $5,015,339 |
Mt Carmel Veterans Service Center Colorado Springs, CO | $1,750,141 | $3,064,131 |