Central Florida Regional Workforce Development Board Inc
- Assets
- $4.8m
- Revenue
- $42.1m
- Investments
- $0.0
- Employees
- 219
- Location
- Orlando, FL
- Founding
- 12/1997
- Data as of
- 06/2021
- 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 06/2021, Careersource Central Florida employed 219 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 06/2021, Careersource Central Florida generated $42.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $42.4m during the year ending 06/2021. While expenses have increased by 7.2% 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
CAREERSOURCE CENTRAL FLORIDA HELPS BUSINESSES GROW AND DEVELOP TALENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE INNOVATION AND OPPORTUNITY ACT (ADULT, YOUTH, AND DISLOCATED WORKER TRAINING PROGRAMS) - ASSISTING THESE GROUPS IN FINDING EMPLOYMENT IN OUR FIVE COUNTY AREA. TOTAL JOB SEEKERS SERVED IN THIS PROGRAM: 2,980.
ORANGE COUNTY CARES GRANT - SERVICES PROVIDED AS PART OF CARES ACT MONIES RECEIVED BY ORANGE COUNTY INCLUDE TRAINING, SKILLS ASSESSMENTS, ASSISTANCE FOR JOB SEEKERS AND SUPPORT SERVICES.
NATIONAL EMERGENCY GRANT, COVID GRANT - SERVICES PROVIDED INCLUDE OCCUPATIONAL TRAINING, SKILLS ASSESSMENTS, ASSISTANCE FOR JOB SEEKERS AND SUPPORT SERVICES
OTHER PROGRAMS OF THE ORGANIZATION ARE SUPPLEMENTAL NUTRITION ASSISTANCE, UNEMPLOYMENT COMPENSATION PROGRAM, REEMPLOYMENT AND ELIGIBILITY ASSESSMENTS, AND OTHER TRAINING AND JOB RELATED PROGRAMS THAT ENHANCE THE EMPLOYABILITY OF PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Nabors President & CEO | Officer | 40 | $201,145 |
Coenen Mary Ann Chief Operations Officer/vp | Officer | 40 | $163,924 |
Alvarez Leonardo Chief Financial Officer/vp | Officer | 40 | $136,325 |
Burby Lisa Vice President, Strategic Communications | Officer | 40 | $119,224 |
Burke Dyana Vice President, Human Resources | Officer | 40 | $114,159 |
Nguyen Steven Vice President, Innovation & Technology | Officer | 40 | $104,552 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orlando Medical Institute Participant Training | 6/29/21 | $119,150 |
Southern Technical Institute Participant Training | 6/29/21 | $130,550 |
Taylor Hall Miller Parker Professional Services | 6/29/21 | $176,506 |
Level 3 Communications Llc Telecommunications | 6/29/21 | $108,542 |
Stemworks Llc Participant Training | 6/29/21 | $145,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,263,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $830,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,093,973 |
| Total Program Service Revenue | $0 |
| Investment income | $5,606 |
| 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 | $42,099,579 |
| 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. | $839,318 |
| Compensation of current officers, directors, key employees. | $556,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,364,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,231,624 |
| Payroll taxes | $706,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,505 |
| Fees for services: Accounting | $138,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,927 |
| Fees for services: Other | $2,251,620 |
| Advertising and promotion | $0 |
| Office expenses | $462,652 |
| Information technology | $1,253,325 |
| Royalties | $0 |
| Occupancy | $2,121,942 |
| Travel | $16,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,164 |
| Interest | -$654 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,550 |
| Insurance | $89,497 |
| All other expenses | $377,248 |
| Total functional expenses | $42,428,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,634,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,943,461 |
| Accounts receivable, net | $137,291 |
| 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 | $904,087 |
| Net Land, buildings, and equipment | $108,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,987 |
| Total assets | $4,827,216 |
| Accounts payable and accrued expenses | $2,426,756 |
| Grants payable | $0 |
| Deferred revenue | $318,747 |
| 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 | $2,745,503 |
| Net assets without donor restrictions | $2,081,713 |
| 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 | $4,827,216 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Step Staffing Atlanta, GA | $23,617,123 | $68,640,248 |
Central Florida Regional Workforce Development Board Inc Orlando, FL | $4,827,216 | $42,099,579 |
National Center For Construction Education Research Alachua, FL | $48,124,151 | $16,889,028 |
University Of North Florida Training & Services Institute Inc Jacksonville, FL | $18,311,488 | $14,553,681 |
Black Smith Multi-Media Inc Montgomery, AL | $10,013,648 | $10,013,648 |
Pasco-Hernando Workforce Board Inc New Port Richey, FL | $2,232,654 | $8,486,038 |
Polk County Workforce Development Board Inc Bartow, FL | $2,112,904 | $7,478,002 |
Workforce Dev Bd Of The Tres Coast Port St Lucie, FL | $4,273,478 | $6,937,446 |
Suncoast Workforce Board Inc Sarasota, FL | $1,147,952 | $7,055,216 |
Cobbworks Inc Marietta, GA | $1,042,645 | $6,034,938 |
Greater Miami Service Corps Miami, FL | $1,495,856 | $5,833,031 |
National Center For Housing Management Jacksonville, FL | $7,536,545 | $5,299,102 |