Southwestern Oregon Workforce Investment Board
- Assets
- $3.2m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Coos Bay, OR
- Founding
- 08/2015
- Data as of
- 06/2022
- EIN
- 47-3873798
Organization Overview
Southwestern Oregon Workforce Investment Board is located in Coos Bay, OR. 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 06/2022, Southwestern Oregon Workforce Investment Board employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Oregon Workforce Investment Board 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, Southwestern Oregon Workforce Investment Board generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $5.6m during the year ending 06/2022. While expenses have increased by 17.0% 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.
Since 2016, Southwestern Oregon Workforce Investment Board has awarded 15 individual grants totaling $9,098,236. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COORDINATE WORKFORCE PROGRAMS AND SERVICES IN COOS, CURRY, AND DOUGLAS COUNTIES, OREGON THROUGH A NETWORK OF LOCAL PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOWIB SERVES AS THE ADMINISTRATIVE ENTITY FOR WORKFORCE DEVELOPMENT PROGRAMS FOR COOS, CURRY, AND DOUGLAS COUNTIES, OREGON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Patterson Director | Trustee | 2 | $0 |
Robin Van Winkle Director | Trustee | 2 | $0 |
Robert Westerman Vice Chair | OfficerTrustee | 5 | $0 |
Mike Hicks Director | Trustee | 2 | $0 |
Kelly Morgan Director | Trustee | 2 | $0 |
Joe Benetti Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,668,966 |
| All other contributions, gifts, grants, and similar amounts not included above | $614,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,283,546 |
| Total Program Service Revenue | $197,000 |
| 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 | $4,480,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,990,693 |
| Grants and other assistance to domestic individuals. | $106,343 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $317,979 |
| Compensation of current officers, directors, key employees. | $78,820 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $652,820 |
| Pension plan accruals and contributions | $7,363 |
| Other employee benefits | $174,647 |
| Payroll taxes | $74,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,136 |
| Fees for services: Accounting | $17,878 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,819 |
| Advertising and promotion | $0 |
| Office expenses | $152,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,867 |
| Travel | $35,863 |
| 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 | $1,174 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,641,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,437,349 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $726,751 |
| 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 | $22,597 |
| Net Land, buildings, and equipment | $4,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,191,097 |
| Accounts payable and accrued expenses | $490,012 |
| Grants payable | $0 |
| Deferred revenue | $1,654,505 |
| 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 | $2,144,517 |
| Net assets without donor restrictions | $686,538 |
| Net assets with donor restrictions | $360,042 |
| 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 | $3,191,097 |
Grants Awarded
Over the last fiscal year, Southwestern Oregon Workforce Investment Board has awarded $1,976,413 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH COAST BUSINESS EMPLOYMENT CORPORATION PURPOSE: WIOA SUBRECIPIENT. | $1,894,519 |
ALTERNATIVE YOUTH ACTIVIES PURPOSE: WORKFORCE DEVELOPMENT. | $49,324 |
YOUTH ERA PURPOSE: WORKFORCE DEVELOPMENT. | $8,773 |
OREGON MANUFACTURING EXTENSION PARTNERSHIP PURPOSE: WORKFORCE DEVELOPMENT. | $23,797 |