Peninsula Council For Workforce Development
- Assets
- $0.0
- Revenue
- $608.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Newport News, VA
- Founding
- 02/2000
- Data as of
- 06/2018
- EIN
- 54-1901143
Organization Overview
Peninsula Council For Workforce Development is located in Newport News, VA. The organization was established in 2000. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2018, Peninsula Council For Workforce Development employed 4 individuals. Peninsula Council For Workforce Development is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2018, Peninsula Council For Workforce Development generated $608.1k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $632.4k during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 2 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
PCWD IS A NONPROFIT ORGANIZATION WHOSE PURPOSE IS TO INITIATE, FACILITATTE AND CONDUCT REGIONAL EMPLOYER-LED WORKFORCE DEVELOPMENT PROGRAMS AND EFFORTS FOR THE VIRGINIA PENINSULA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INITIATE, FACILITATE, AND CONDUCT REGIONAL EMPLOYER LED WORKFORCE DEVELOPMENT PROGRAMS AND EFFORTS FOR THE VIRGINIA PENINSULA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John Olson Chairperson | OfficerTrustee | 10 | $0 |
Mr Mark Stefanick Vice Chairperson | OfficerTrustee | 10 | $0 |
Ms Rhonda Bunn Board Member | Trustee | 10 | $0 |
Robert P Fleishaurer Board Member | Trustee | 10 | $0 |
Mr Greg Garrett Board Member | Trustee | 10 | $0 |
Dr Vince Warren Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $255,226 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,876 |
| Total Program Service Revenue | $15,653 |
| 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 | $608,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,619 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,924 |
| Payroll taxes | $27,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $142,835 |
| Travel | $3,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,097 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,320 |
| Insurance | $4,163 |
| All other expenses | $35,220 |
| Total functional expenses | $632,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |