Central Florida Regional Workforce Development Board Inc
- Assets
- $5.8m
- Revenue
- $37.0m
- Investments
- $0.0
- Employees
- 306
- Location
- Orlando, FL
- Founding
- 12/1997
- Data as of
- 06/2022
- EIN
- 59-3396497
Organization Overview
Central Florida Regional Workforce Development Board Inc, operating under the name Careersource Central Florida, is located in Orlando, FL. The organization was established in 1997. 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, Careersource Central Florida employed 306 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careersource Central 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 06/2022, Careersource Central Florida generated $37.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $36.6m during the year ending 06/2022. While expenses have increased by 4.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CAREERSOURCE CENTRAL FLORIDA HELPS BUSINESSES GROW AND DEVELOP TALENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE INNOVATION AND OPPORTUNITY ACT ("WIOA") WIOA PROGRAMS PROVIDE YOUTH, UNSKILLED ADULTS AND DISLOCATED WORKERS IN THE FIVE COUNTY AREA WITH THE INFORMATION, ADVICE, JOB SEARCH ASSISTANCE AND TRAINING THEY NEED TO GET AND KEEP GOOD JOBS AND PROVIDE EMPLOYERS WITH SKILLED WORKERS.
OTHER PROGRAMS OF THE ORGANIZATION ARE SUPPLEMENTAL NUTRITION ASSISTANCE, REEMPLOYMENT AND ELIGIBILITY ASSESSMENTS, WAGNER PEYSER, DISABLED AND LOCAL VETERANS' EMPLOYMENT REPRESENTATIVES. SERVICES INCLUDE OCCUPATIONAL TRAINING, SKILLS ASSESSMENTS, RESOURCE ROOMS, ASSISTANCE FOR JOB SEEKERS AND SUPPORT SERVICES.
TEMPORARY ASSISTANCE FOR NEEDY FAMILIES, SERVICES PROVIDED INCLUDE TRAINING PROGRAMS, ASSISTANCE IN FINDING EMPLOYMENT AND SKILLS ASSESSMENTS.
NATIONAL EMERGENCY GRANT COVID-19 - SERVICES PROVIDED INCLUDE OCCUPATIONAL TRAINING, SKILLS ASSESSMENTS, ASSISTANCE FOR JOB SEEKERS AND SUPPORT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Wood Chairman | OfficerTrustee | 1 | $0 |
Richard Sweat Vice-Chairman | OfficerTrustee | 1 | $0 |
Jeff Hayward Secretary | OfficerTrustee | 1 | $0 |
Eric Ushkowitz Treasurer | OfficerTrustee | 1 | $0 |
Al Trombetta Director | Trustee | 1 | $0 |
Andrew Albu Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Taylor Hall Miller Parker Pa Auditing | 6/29/22 | $182,321 |
Southern Technical Institute Participant Training | 6/29/22 | $236,170 |
Orlando Medical Institute Training | 6/29/22 | $142,800 |
Level 3 Communications Communications | 6/29/22 | $141,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,214,837 |
| All other contributions, gifts, grants, and similar amounts not included above | $736,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,951,180 |
| Total Program Service Revenue | $0 |
| Investment income | $6,859 |
| 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 | $36,958,039 |
| 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. | $1,325,127 |
| Compensation of current officers, directors, key employees. | $833,082 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,119,364 |
| Pension plan accruals and contributions | $568,334 |
| Other employee benefits | $3,115,455 |
| Payroll taxes | $814,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,709 |
| Fees for services: Accounting | $134,007 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,498,086 |
| Advertising and promotion | $66,860 |
| Office expenses | $1,056,847 |
| Information technology | $993,398 |
| Royalties | $0 |
| Occupancy | $1,833,796 |
| Travel | $89,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,847 |
| Insurance | $80,740 |
| All other expenses | $416,281 |
| Total functional expenses | $36,603,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,571,014 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,164,254 |
| Accounts receivable, net | $75,198 |
| 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 | $833,835 |
| Net Land, buildings, and equipment | $83,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,198 |
| Total assets | $5,826,799 |
| Accounts payable and accrued expenses | $2,136,377 |
| Grants payable | $0 |
| Deferred revenue | $1,254,574 |
| 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 | $3,390,951 |
| Net assets without donor restrictions | $2,435,848 |
| 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 | $5,826,799 |