First Coast Workforce Development Inc
- Assets
- $3.3m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Fleming Island, FL
- Founding
- 09/1999
- Data as of
- 06/2021
- EIN
- 59-3385658
Organization Overview
First Coast Workforce Development Inc, operating under the name Careersource Northeast Florida, is located in Fleming Island, FL. The organization was established in 1999. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careersource Northeast Florida 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, Careersource Northeast Florida generated $15.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $16.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROMOTE AND ENHANCE PRODUCTIVE EMPLOYMENT OF INDIVIDUALS IN THE FLORIDA COUNTIES OF BAKER, CLAY, DUVAL, NASSAU, PUTNAM AND ST. JOHNS. THE BOARD WAS CREATED TO FULFILL THE DUTIES AND RESPONSIBILITIES PROVIDED FOR THE WORKFORCE FLORIDA ACT OF 1996 AND THE FEDERAL WORKFORCE INNOVATION AND OPPORTUNITY ACT OF 2000, CONSISTENT WITH THE PROVISION OF JOB TRAINING, JOB PLACEMENT AND BENEFIT SERVICES TO THE CITIZENS OF THE SIX COUNTY REGION. THE GOVERNING BODY OF THE BOARD CONSISTS OF BOARD MEMBERS WHO ARE APPOINTED BY STATE AND LOCAL OFFICIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE INNOVATION AND OPPORTUNITY ACT - WIOA PROGRAMS PROVIDE YOUTH, ADULTS, AND DISLOCATED WORKERS WITH THE INFORMATION, ADVICE, JOB SEARCH ASSISTANCE AND TRAINING THEY NEED TO GET AND KEEP GOOD JOBS AND PROVIDE EMPLOYERS WITH SKILLED WORKERS.
TANF- TEMPORARY ASSISTANCE FOR NEEDY FAMILIES PROGRAMS ARE DESIGNED TO EMPHASIZE WORK, SELF-SUFFICIENCY AND PERSONAL RESPONSIBILITY FOR WELFARE RECIPIENTS AND TO ENABLE THEM TO MOVE FROM WELFARE TO WORK.
EMPLOYMENT SERVICES CLUSTER OF PROGRAMS: WAGNER-PEYSER PROGRAM - WAGNER-PEYSER PROGRAMS ARE DESIGNED TO IMPROVE THE FUNCTIONING OF THE NATION'S LABOR MARKETS BY BRINGING TOGETHER INDIVIDUALS WHO ARE SEEKING EMPLOYMENT WITH EMPLOYERS WITH SKILLED WORKERS. DISABLED VETERANS OUTREACH PROGRAM - THIS GRANT IS USED TO DEVELOP JOBS AND JOB TRAINING OPPORTUNITIES FOR DISABLED AND OTHER VETERANS AND TO PROVIDE OUTREACH TO VETERANS THROUGH COMMUNITY AGENCIES AND ORGANIZATIONS. THE LOCAL VETERANS OUTREACH PROGRAM PROVIDES COUNSELING, JOB DEVELOPMENT, PLACEMENT AND SUPPORT SERVICES DIRECTLY TO VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clay Lyons Treasurer | OfficerTrustee | 1 | $0 |
L Wayne Mcclain Chair | OfficerTrustee | 1 | $0 |
Kevin Doyle Vice Chair | OfficerTrustee | 1 | $0 |
Bruce Ferguson President | Officer | 40 | $0 |
Elaine Johnson Director | Trustee | 1 | $0 |
Paul Cummins Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Generation You Employed Inc Training | 6/29/21 | $487,783 |
Eckerd Youth Alternatives Inc Training | 6/29/21 | $577,383 |
Gateway Retail Center Llc Office Rent | 6/29/21 | $228,580 |
Rlfed Fleming Llc Office Rent | 6/29/21 | $180,580 |
Florida State College At Jacksonvil Training | 6/29/21 | $467,173 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,768,728 |
| 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 | $15,768,728 |
| Total Program Service Revenue | $133,014 |
| Investment income | $2,147 |
| 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 | $15,945,752 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,243 |
| Fees for services: Accounting | $40,699 |
| 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 | $1,208,985 |
| Travel | $17,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,462 |
| Insurance | $53,548 |
| All other expenses | $1,963,195 |
| Total functional expenses | $16,124,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $809,387 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,064,873 |
| Accounts receivable, net | $353,174 |
| 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 | $415 |
| Net Land, buildings, and equipment | $96,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,324,303 |
| Accounts payable and accrued expenses | $1,589,794 |
| 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 | $1,589,794 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,734,509 |
| 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 | $3,324,303 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Co-Op Inc Miami, FL | $32,387,947 | $28,658,578 |
First Coast Workforce Development Inc Fleming Island, FL | $3,324,303 | $15,945,752 |
Careersource Palm Beach County Inc West Palm Beach, FL | $2,317,114 | $14,436,935 |
Careersource Florida Inc Tallahassee, FL | $11,274,205 | $13,537,394 |
Southwest Alabama Partnership For Training And Employment Inc Mobile, AL | $2,770,516 | $12,222,275 |
Tech Alabama Birmingham, AL | $26,385,584 | $28,965,281 |
Southwest Florida Workforce Development Board Inc Fort Myers, FL | $6,992,908 | $10,165,135 |
Worknet Pinellas Inc Clearwater, FL | $1,995,144 | $7,597,320 |
Employu Inc Casselberry, FL | $5,383,927 | $11,177,844 |
Workforce Development Board Of Flagler And Volusia Counties Inc Daytona Beach, FL | $2,463,348 | $8,211,477 |
Citrus Levy Marion Regional Workforce Development Board Inc Ocala, FL | $1,453,598 | $7,509,133 |
Oic Of South Florida Inc Fort Lauderdale, FL | $1,014,122 | $6,787,267 |