Region Vi Workforce Investment Board Inc
- Assets
- $625.2k
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 6
- Location
- White Hall, WV
- Founding
- 01/2001
- Data as of
- 06/2022
- EIN
- 55-0776835
Organization Overview
Region Vi Workforce Investment Board Inc, operating under the name Region Vi Workforce Development Board, is located in White Hall, WV. The organization was established in 2001. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Region VI Workforce Development Board employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Region VI Workforce Development 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, Region VI Workforce Development Board generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 8.5% 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, Region VI Workforce Development Board has awarded 83 individual grants totaling $7,298,796. 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
FRAMEWORK FOR LOCAL WORKFORCE PREPARATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED OPPORTUNITIES TO INDIVIDUALS TO INCREASE EMPLOYMENT, RETENTION, AND EARNINGS AND INCREASE OCCUPATIONAL SKILL ATTAINMENT TO IMPROVE THE QUALITY OF THE WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Larry Executive Director | OfficerTrustee | 40 | $78,000 |
Nancy Vandergrift Board Chair | OfficerTrustee | 0.2 | $0 |
Annetta Johnson Secretary | OfficerTrustee | 0.2 | $0 |
Katherine Wagner Vice Chair | OfficerTrustee | 0.2 | $0 |
Diane Heldreth Board Member | Trustee | 0.2 | $0 |
Michael Bombard Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,320,435 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,320,435 |
| Total Program Service Revenue | $0 |
| Investment income | $422 |
| 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 | $3,320,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,175,524 |
| 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. | $78,000 |
| Compensation of current officers, directors, key employees. | $37,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,020 |
| Pension plan accruals and contributions | $43,827 |
| Other employee benefits | $32,208 |
| Payroll taxes | $25,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,071 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $298 |
| Office expenses | $7,506 |
| Information technology | $15,009 |
| Royalties | $0 |
| Occupancy | $36,840 |
| Travel | $7,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,701 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,324 |
| All other expenses | $5,274 |
| Total functional expenses | $3,324,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,740 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $519,449 |
| 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 | $625,189 |
| Accounts payable and accrued expenses | $446,603 |
| Grants payable | $0 |
| Deferred revenue | $27,950 |
| 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 | $474,553 |
| Net assets without donor restrictions | $150,636 |
| 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 | $625,189 |
Grants Awarded
Over the last fiscal year, Region Vi Workforce Investment Board Inc has awarded $1,605,522 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Morgantown, WV PURPOSE: TO PROVIDE ASSISTANCE FOR WORKFORCE EDUCATION AND TRAINING | $567,931 |
Morgantown, WV PURPOSE: TO PROVIDE ASSISTANCE FOR WORKFORCE EDUCATION AND TRAINING | $567,931 |
WORKFORCE WEST VIRGINIA PURPOSE: TO PROVIDE ASSISTANCE FOR WORKFORCE EDUCATION AND TRAINING | $234,830 |
WORKFORCE WEST VIRGINIA PURPOSE: TO PROVIDE ASSISTANCE FOR WORKFORCE EDUCATION AND TRAINING | $234,830 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Region Vi Workforce Investment Board Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
J Warren & Lois Mcclure Foundation Inc Middlebury, VT PURPOSE: TO SUPPORT CAREER AWARENESS EVENTS AND EFFORTS FOR YOUTH VIA THREE PAYMENTS OF $2,500 SCHEDULED FOR JANUARY 2022, JANUARY 2023, AND JANUARY 2024. | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Visit Baltimore Inc Baltimore, MD | $13,591,522 | $23,022,151 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Mountainheart Community Servces Inc Oceana, WV | $5,735,709 | $13,660,570 |
Allegany County Human Resources Development Commission Inc Cumberland, MD | $11,830,782 | $13,688,639 |