Worklife Partnership
- Assets
- $3.2m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 39
- Location
- Denver, CO
- Founding
- 12/2014
- Data as of
- 12/2023
- 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 12/2023, Worklife Partnership employed 39 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 12/2023, Worklife Partnership generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $5.5m during the year ending 12/2023. While expenses have increased by 33.3% 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 BUILD PROSPERITY FOR INDIVIDUALS, BUSINESS, FAMILIES, AND COMMUNITIES BY UNLEASHING THE POTENTIAL OF FRONT LINE WORKERS THROUGH COLLABORATION WITH THEIR EMPLOYERS AND OTHER RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE HBN SPECIALIZED SERVICE, WHICH PREVIOUSLY RAN AS A SEPARATE PROGRAM, WAS INTEGRATED INTO WORKLIFE PARTNERSHIP'S SUITE OF RESOURCE NAVIGATION SERVICES. IN 2023, WORKLIFE HELPED 2,188 HARDWORKING EMPLOYEES IN 39 STATES IMPROVE THEIR WORK-LIFE STABILITY THROUGH ITS SIGNATURE RESOURCE NAVIGATION PROGRAM. WE PARTNERED WITH EMPLOYERS ACROSS MULTIPLE INDUSTRIES INCLUDING HEALTHCARE, MANUFACTURING, RETAIL, HOSPITALITY, LONG- TERM CARE, AND CONSTRUCTION TO PROVIDE SUPPORT AND RESOURCES TO THEIR EMPLOYEES. WE CONNECTED EMPLOYEES WITH OVER 240,000 IN DIRECT CASH ASSISTANCE FOR HOUSING, FOOD AND NUTRITION, HEALTHCARE, TRANSPORTATION, ENERGY ASSISTANCE, AND CHILDCARE. OUR RESOURCE NAVIGATORS SPENT 4,718 HOURS WORKING ONE ON ONE WITH CLIENTS, PROVIDING THEM OVER 11,000 RESOURCES/SERVICES. ADDITIONALLY, OUR TEAM REFERRED CLIENTS TO 610 EXISTING WORKPLACE BENEFITS. AFTER BEING SERVED BY A WORKLIFE NAVIGATOR, 83% OF WORKERS RESPONDING TO WORKLIFE'S CLIENT SURVEY SAID THEY EXPERIENCED LESS STRESS, 81% REPORTED INCREASED CONFIDENCE, 82% FELT BETTER PREPARED TO HANDLE A SIMILAR SITUATION, 78% SAID THEY ARE MORE LIKELY TO STAY AT THEIR CURRENT EMPLOYER, 62% HAD DECREASED FINANCIAL WORRIES, 55% FELT LESS DISTRACTED AT WORK, AND 63% BETTER UNDERSTOOD THEIR WORKPLACE BENEFITS. IN 2023, WORKLIFE'S SMALL DOLLAR LOAN PROGRAM WROTE 595 LOANS TO COLORADO WORKERS, A 42% INCREASE FROM 2022, FOR A TOTAL OF OVER 585,000. THE AVERAGE LOAN AMOUNT WAS 984 AND THE DEFAULT RATE WAS LESS THAN 3%. AFTER RECEIVING A WORKLIFE LOAN, 93% OF BORROWERS RESPONDING TO WORKLIFE'S CLIENT SURVEY SAID THEY FELT THEY WERE MORE FINANCIALLY STABLE, 82% FELT BETTER PREPARED TO HANDLE A SIMILAR SITUATION, AND 96% SAID THEY WERE MORE LIKELY TO STAY AT THEIR CURRENT EMPLOYER. NINETY-FIVE PERCENT OF LOAN ACCOUNTS REPORTED TO CREDIT BUREAUS WERE IN GOOD STANDING AND 36% OF BORROWERS SAID THAT OUR LOAN DETERRED THEM FROM GETTING A HIGHER INTEREST PAYDAY LOAN. ACROSS ALL PROGRAMS, 66% OF WORKLIFE'S CLIENTS WERE WOMEN AND 48% IDENTIFIED AS MEMBERS OF HISTORICALLY UNDERREPRESENTED GROUPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Haynes Chair | OfficerTrustee | 1 | $0 |
Mark Peters Co Chair | OfficerTrustee | 1 | $0 |
Craig Metrick Secretary | OfficerTrustee | 1 | $0 |
Laura Roberts Treasurer | OfficerTrustee | 1 | $0 |
Joe Beiser Treasurer (r | OfficerTrustee | 1 | $0 |
Kevin O'shaughnessey Past Chair | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,470,389 |
| Noncash contributions included in lines 1a–1f | $19,180 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,470,389 |
| Total Program Service Revenue | $2,002,835 |
| Investment income | $79,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,553,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600,000 |
| Grants and other assistance to domestic individuals. | $277,664 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $277,869 |
| Compensation of current officers, directors, key employees. | $69,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,618,761 |
| Pension plan accruals and contributions | $54,582 |
| Other employee benefits | $300,155 |
| Payroll taxes | $213,789 |
| 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 | $410,500 |
| Advertising and promotion | $45,152 |
| Office expenses | $10,201 |
| Information technology | $149,158 |
| Royalties | $0 |
| Occupancy | $102,336 |
| Travel | $84,174 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,845 |
| Interest | $4,112 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,437 |
| Insurance | $11,833 |
| All other expenses | $0 |
| Total functional expenses | $5,468,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,772 |
| Savings and temporary cash investments | $1,082,580 |
| Pledges and grants receivable | $616,976 |
| Accounts receivable, net | $127,378 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $308,434 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $79,573 |
| Net Land, buildings, and equipment | $38,732 |
| Investments—publicly traded securities | $750,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $41,894 |
| Other assets | $0 |
| Total assets | $3,156,339 |
| Accounts payable and accrued expenses | $474,735 |
| Grants payable | $0 |
| Deferred revenue | $72,543 |
| 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 | $612,009 |
| Other liabilities | $1,128,549 |
| Total liabilities | $2,287,836 |
| Net assets without donor restrictions | -$177,584 |
| Net assets with donor restrictions | $1,046,087 |
| 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 | $3,156,339 |
Grants Awarded
Over the last fiscal year, Worklife Partnership has awarded $146,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO AFRICAN ORGANIZATION PURPOSE: UPSKILL SUB GRANT | $10,000 |
EMERGENCY FAMILY ASSISTANCE ASSN PURPOSE: UPSKILL SUBGRANT | $10,000 |
COLORADO NONPROFIT DEVELOPMENT CENT PURPOSE: HEALTH INS. LITERACY | $6,000 |
UNITED WAY OF NW VERMONT PURPOSE: WORKLAB PROJECT | $20,000 |
GREATER NEW ORLEANS FOUND PURPOSE: WORKLAB PROJECT | $100,000 |