Houstons Capital Investing In Development & Employment Of Adults
- Assets
- $725.4k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Houston, TX
- Founding
- 03/2015
- Data as of
- 09/2021
- EIN
- 47-2462360
Organization Overview
Houstons Capital Investing In Development & Employment Of Adults, operating under the name Capital Idea Houston, is located in Houston, TX. The organization was established in 2015. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 09/2021, Capital Idea Houston employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Idea Houston 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 09/2021, Capital Idea Houston generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.2m during the year ending 09/2021. While expenses have increased by 7.4% per year over the past 6 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
CAPITAL IDEA HOUSTON'S MISSION IS TO INVEST IN WORKING ADULTS BY PROVIDING EDUCATIONAL PATHWAYS FROM LOW-WAGE TO LIVING WAGE CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATION, TRAINING, AND OTHER SUPPORT FOR INDIVIDUALS WHO ARE ECONOMICALLY DISADVANGED OR FACE MULTIPLE BARRIERS TO EMPLOYMENT. CAPITAL IDEA HOUSTON COLLABORATES WITH HIGHER EDUCATION SCHOOL AND GOVERNMENT AGENCIES IN OFFERING MEANINGFUL ADULT EDUCATION. THE ORGANIZATION HELPS COORDINATE CHILD CARE, TRANSPORTATION ASSISTANCE, FINANCIAL ASSISTANCE, INCLUDING BUT NOT LIMITED TO BOOKS, TUITION, AND TUTORING, ADVICE ON WORK-SCHOOL-LIFE BALANCE, AND SOFT SKILLS. THE ORGANIZATION ASSISTS GRADUATES IN OBTAINING JOBS THAT PAY A LIVING WAGE AND IN PURSUING CAREER PATHS THAT WILL SUPPORT A FAMILY, PROVIDE BENEFITS AND OFFER OPPORTUNITIES FOR PROFESSIONAL ADVANCEMENT DURING THE FISCAL YEAR ENDED 9/30/2021, CAPITAL IDEA HOUSTON ASSISTED 541 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Paul Executive Director | Officer | 45 | $87,450 |
Melinda Lightsey-Ford Secretary | OfficerTrustee | 2 | $0 |
Ana Cummings Treasurer | OfficerTrustee | 2 | $0 |
Sarah Cove President | OfficerTrustee | 10 | $0 |
Father Rodney Armstrong Member | Trustee | 2 | $0 |
Emily Cole Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $31,536 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,234,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $951,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,217,436 |
| Total Program Service Revenue | $0 |
| 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 | $2,217,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,095,082 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,525 |
| Compensation of current officers, directors, key employees. | $27,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $727,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $193,496 |
| Advertising and promotion | $0 |
| Office expenses | $6,200 |
| Information technology | $20,172 |
| Royalties | $0 |
| Occupancy | $32,088 |
| Travel | $7,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,072 |
| Insurance | $3,240 |
| All other expenses | $0 |
| Total functional expenses | $2,248,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $545,691 |
| 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 | $4,800 |
| Net Land, buildings, and equipment | $12,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,454 |
| Total assets | $725,437 |
| Accounts payable and accrued expenses | $73,618 |
| 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 | $49,107 |
| Total liabilities | $122,725 |
| Net assets without donor restrictions | $414,852 |
| Net assets with donor restrictions | $187,860 |
| 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 | $725,437 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Houstons Capital Investing In Development & Employment Of Adults has recieved totaling $491,224.
| Awarding Organization | Amount |
|---|---|
The Methodist Hospital Houston, TX PURPOSE: EDUCATION ASSISTANCE FOR CAREERS | $216,667 |
United Way Of Greater Houston Houston, TX PURPOSE: Rebuilding lives - THRIVE | $90,000 |
United Way Of Greater Houston Houston, TX PURPOSE: Families and neighborhoods | $60,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: HUMAN SERVICES | $50,000 |
Brown Foundation Inc Houston, TX PURPOSE: COVID ACCELERATOR / CAREER ONRAMPS | $40,000 |
Alliance Of Community Assistance Ministries Inc Houston, TX PURPOSE: WORKFORCE | $34,557 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Workforce Solutions For South Texas Laredo, TX | $2,166,011 | $19,867,882 |
Deep East Texas Local Workforce Development Board Incorporated Lufkin, TX | $1,729,428 | $18,410,549 |
Launch Global Richardson, TX | $5,975,467 | $10,354,602 |
Rural Capital Area Workforce Development Board Inc Cedar Park, TX | $3,449,616 | $9,394,999 |
Project Quest Inc San Antonio, TX | $2,369,598 | $9,372,995 |
Texas Educational Foundation Inc San Antonio, TX | $1,129,254 | $386,993 |
Gulf Coast Carpenters & Millwrights Training Trust Fund Austin, TX | $15,423,241 | $7,036,287 |
Southwestern Line Construction Electrical Joint Apprenticeship Albuquerque, NM | $14,369,563 | $8,044,899 |
Employment Resources Inc Tulsa, OK | $2,608,990 | $4,335,874 |
C L C Inc Fort Worth, TX | $2,716,562 | $3,129,165 |
Joint Apprentice Committee Of Local Union 211 Deer Park, TX | $12,119,374 | $2,928,345 |
Houstons Capital Investing In Development & Employment Of Adults Houston, TX | $725,437 | $2,217,436 |