Human Resource Development Foundation Inc
- Assets
- $1.8m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 327
- Location
- Morgantown, WV
- Founding
- 06/1970
- Data as of
- 06/2021
- EIN
- 55-0516532
Organization Overview
Human Resource Development Foundation Inc is located in Morgantown, WV. The organization was established in 1970. 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 06/2021, Human Resource Development Foundation Inc employed 327 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Human Resource Development Foundation 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 06/2021, Human Resource Development Foundation Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $5.0m during the year ending 06/2021. While expenses have increased by 7.5% 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
PROVIDE A BROAD SPECTRUM OF EMPLOYMENT, OCCUPATIONAL SKILL TRAINING, AND EDUCATIONAL PROGRAMS TO ECONOMICALLY DISADVANTAGED WEST VIRGINIANS WITH THE PURPOSE OF IMPROVING OPPORTUNITIES FOR SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATION PROVIDED TO YOUTH, ADULT AND DISLOCATED WORKERS THROUGH FEDERAL AND STATE GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Ahart Vice Preside | OfficerTrustee | 39 | $69,198 |
Joshua D Sword President | OfficerTrustee | 1 | $0 |
Andy Walters Secretary Tr | OfficerTrustee | 1 | $0 |
Heather Anderson Executive Bo | Trustee | 0.05 | $0 |
Sterling Ball Executive Bo | Trustee | 0.05 | $0 |
Mike Caputo Executive Bo | Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,409,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,840 |
| Noncash contributions included in lines 1a–1f | $124,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,534,346 |
| Total Program Service Revenue | $240,171 |
| Investment income | $157 |
| 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 | $4,904,674 |
| 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. | $112,430 |
| Compensation of current officers, directors, key employees. | $56,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,931,452 |
| Pension plan accruals and contributions | $108,039 |
| Other employee benefits | $502,554 |
| Payroll taxes | $274,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $418 |
| Advertising and promotion | $7,631 |
| Office expenses | $79,936 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,518 |
| Travel | $104,787 |
| 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 | $0 |
| Insurance | $23,955 |
| All other expenses | $0 |
| Total functional expenses | $5,014,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,001,056 |
| Pledges and grants receivable | $677,163 |
| Accounts receivable, net | $19,875 |
| 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 | $71,140 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,800 |
| Total assets | $1,783,034 |
| Accounts payable and accrued expenses | $667,819 |
| 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 | $1,059,721 |
| Other liabilities | $0 |
| Total liabilities | $1,727,540 |
| Net assets without donor restrictions | $55,494 |
| 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 | $1,783,034 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Human Resource Development Foundation Inc has recieved totaling $27.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Change Incorporated Weirton, WV | $10,912,278 | $21,367,906 |
Skills Usa Inc Leesburg, VA | $8,575,895 | $14,271,991 |
Coalition On Homeless And Housing In Ohio Columbus, OH | $8,605,666 | $14,656,133 |
Impact Services Corp Philadelphia, PA | $10,268,783 | $12,440,470 |
Second Chance Inc Baltimore, MD | $22,971,247 | $13,264,528 |
Anne Arundel Workforce Development Corporation Inc Millersville, MD | $2,854,225 | $10,470,291 |
Workforce Development Board Of Central Ohio Columbus, OH | $1,226,414 | $9,387,231 |
Experience Works Inc Severna Park, MD | $76,388 | $8,997,468 |
Central Pennsylvania Workforce Development Corporation Lewisburg, PA | $2,063,323 | $7,980,390 |
Employ Prince Georges Largo, MD | $4,258,774 | $8,835,926 |
Job Squad Inc Bridgeport, WV | $7,674,844 | $8,287,475 |
Washington Greene County Job Training Agency Inc Washington, PA | $1,089,406 | $7,552,345 |