Jobs For Virginia Graduates Inc
- Assets
- $474.2k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Rockville, VA
- Founding
- 06/1982
- Data as of
- 06/2022
- EIN
- 54-1203325
Organization Overview
Jobs For Virginia Graduates Inc is located in Rockville, VA. The organization was established in 1982. 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, Jobs For Virginia Graduates Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jobs For Virginia Graduates Inc 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, Jobs For Virginia Graduates Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 16.9% 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 2015, Jobs For Virginia Graduates Inc has awarded 140 individual grants totaling $4,255,557. 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 PROVIDE JOB TRAINING FOR AT-RISK VIRGINIA HIGH SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED TRAINING IN VIRGINIA CITIES AND COUNTIES TO PROVIDE POTENTIALLY UNEMPLOYABLE HIGH SCHOOL SENIORS ADDITIONAL JOB SKILLS. ALSO PROVIDED JOB PLACEMENT AND FOLLOW-UP SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Rice President & CEO | Officer | 40 | $111,375 |
The Honorable Eileen Filler-Corn Chairperson | OfficerTrustee | 1 | $0 |
Mr T Daniel Frith III Vicechair/secretary | OfficerTrustee | 1 | $0 |
Mr Robley S Jones Treasurer | OfficerTrustee | 1 | $0 |
Mr Dean A Williams Executive Committee Chair | OfficerTrustee | 1 | $0 |
The Honorable Donald S Beyer Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,246,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,282,564 |
| Total Program Service Revenue | $265,000 |
| 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 | $2,547,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,992,114 |
| 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. | $115,870 |
| Compensation of current officers, directors, key employees. | $28,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,428 |
| Payroll taxes | $15,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,366 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,181 |
| Interest | $4,209 |
| Payments to affiliates | $32,968 |
| Depreciation, depletion, and amortization | $306 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,304,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,418 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,511 |
| 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 | $20,700 |
| Net Land, buildings, and equipment | $592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $474,221 |
| Accounts payable and accrued expenses | $4,407 |
| 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 | $100,000 |
| Total liabilities | $104,407 |
| Net assets without donor restrictions | $369,814 |
| Net assets with donor restrictions | $0 |
| 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 | $474,221 |
Grants Awarded
Over the last fiscal year, Jobs For Virginia Graduates Inc has awarded $925,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHESTERFIELD COUNTY PURPOSE: TO PROVIDE THE SCHOOL SYSTEM WITH FUNDS TO CREATE AND OPERATE PROGRAMS PROVIDING JOB TRAINING FOR AT RISK STUDENTS. | $200,000 |
Richmond, VA PURPOSE: TO PROVIDE THE SCHOOL SYSTEM WITH FUNDS TO CREATE AND OPERATE PROGRAMS PROVIDING JOB TRAINING FOR AT RISK STUDENTS. | $75,000 |
PRINCE WILLIAM COUNTY PURPOSE: TO PROVIDE THE SCHOOL SYSTEM WITH FUNDS TO CREATE AND OPERATE PROGRAMS PROVIDING JOB TRAINING FOR AT RISK STUDENTS. | $75,000 |
PETERSBURG CITY PURPOSE: TO PROVIDE THE SCHOOL SYSTEM WITH FUNDS TO CREATE AND OPERATE PROGRAMS PROVIDING JOB TRAINING FOR AT RISK STUDENTS. | $75,000 |
DANVILLE COUNTY PURPOSE: TO PROVIDE THE SCHOOL SYSTEM WITH FUNDS TO CREATE AND OPERATE PROGRAMS PROVIDING JOB TRAINING FOR AT RISK STUDENTS. | $50,000 |
FAUQUIER COUNTY PURPOSE: TO PROVIDE THE SCHOOL SYSTEM WITH FUNDS TO CREATE AND OPERATE PROGRAMS PROVIDING JOB TRAINING FOR AT RISK STUDENTS. | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jobs For Virginia Graduates Inc has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $15,000 |
Duckworth Charitable Foundation Inc Roanoke, VA PURPOSE: DONATION TO SUPPORT AT-RISK STUDENTS GRADUATE FROM HIGH SCHOOL AND FIND A QUALITY JOB | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Kentucky Concentrated Employment Program Inc Hazard, KY | $3,193,926 | $15,607,928 |
International Union Of Operating Engineers National Training Fund Washington, DC | $30,318,039 | $21,521,073 |
Electrical Local No 26 Joint Apprenticeship & Training Tr Fund Lanham, MD | $29,794,692 | $14,296,333 |
Mm&p Maritime Advancement Training Ed & Safety Program Linthicum Heights, MD | $12,191,670 | $4,959,385 |
Baltimore Corps Inc Baltimore, MD | $9,476,399 | $10,474,967 |
Heating Piping & Refrigeration Training Fund Landover, MD | $40,125,047 | $11,368,274 |
Iupat Finishing Trades Institute Hanover, MD | $16,339,084 | $7,845,156 |
Point Programs Inc Covington, KY | $8,847,119 | $6,355,202 |
Atu Training And Education Center Inc Silver Spring, MD | $35,739,590 | $712,662 |
Tck Providence Inc Winston Salem, NC | $1,983,260 | $3,578,834 |
National Ironworkers And Employers Apprenticeship Training And Journe Washington, DC | $5,084,760 | $5,454,323 |
Labfour Career Training Institute Memphis, TN | $0 | $5,875,670 |