Gulf Coast Workforce Development Board Inc
- Assets
- $4.3m
- Revenue
- $4.1m
- Investments
- $545.1k
- Employees
- 56
- Location
- Panama City, FL
- Founding
- 03/1998
- Data as of
- 06/2023
- EIN
- 59-3455773
Organization Overview
Gulf Coast Workforce Development Board Inc, operating under the name Careersource Gulf Coast, is located in Panama City, FL. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Careersource Gulf Coast employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careersource Gulf Coast 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 06/2023, Careersource Gulf Coast generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $4.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Careersource Gulf Coast has awarded 28 individual grants totaling $7,415,157. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CUSTOMIZED EMPLOYMENT AND TRAINING SOLUTIONS THAT FACILITATE ECONOMIC PROSPERITY IN PARTNERSHIP WITH EDUCATION, ECONOMIC DEVELOPMENT, CHAMBERS OF COMMERCE, COMMUNITY-BASED ORGANIZATIONS, LOCAL GOVERNMENTS AND BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAREERSOURCE GULF COAST PROVIDES A WIDE VARIETY OF RESOURCES AND SERVICES AT NO- COSTS: ONE-ON-ONE CAREER GUIDANCE, RESUME ASSISTANCE, JOB REFERRALS, WORKSHOPS, AND TRAINING PROGRAM SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elinor Mount-Simmons Chair | OfficerTrustee | 1 | $0 |
Joey Ginn Vice-Chair | OfficerTrustee | 1 | $0 |
Dr Patricia Hardman Past Chair | OfficerTrustee | 1 | $0 |
Bill Husfelt Board Member | Trustee | 1 | $0 |
Dr Cheryl Flax-Hyman Board Member | Trustee | 1 | $0 |
Becca Hardin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,074,901 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,106 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,099,007 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $4,099,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $651,203 |
| Grants and other assistance to domestic individuals. | $1,055,381 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $344,512 |
| Compensation of current officers, directors, key employees. | $195,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,154,906 |
| Pension plan accruals and contributions | $128,365 |
| Other employee benefits | $143,228 |
| Payroll taxes | $101,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,166 |
| Advertising and promotion | $30,009 |
| Office expenses | $125,698 |
| Information technology | $26,355 |
| Royalties | $0 |
| Occupancy | $163,549 |
| Travel | $47,216 |
| 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 | $271,652 |
| Insurance | $30,677 |
| All other expenses | $0 |
| Total functional expenses | $4,555,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,928 |
| Savings and temporary cash investments | $91,903 |
| Pledges and grants receivable | $685,691 |
| 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 | $157,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $545,078 |
| Investments—program-related | $0 |
| Intangible assets | $2,388,115 |
| Other assets | $0 |
| Total assets | $4,305,735 |
| Accounts payable and accrued expenses | $69,812 |
| 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 | $3,205,293 |
| Total liabilities | $3,275,105 |
| Net assets without donor restrictions | $290,657 |
| Net assets with donor restrictions | $739,973 |
| 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 | $4,305,735 |
Grants Awarded
Over the last fiscal year, Gulf Coast Workforce Development Board Inc has awarded $651,203 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GULF COAST STATE COLLEGE PURPOSE: JOB TRAINING/WORKFORCE DEVELOPMENT | $473,269 |
ROYAL AMERICAN MANAGEMENT INC PURPOSE: JOB TRAINING/WORKFORCE DEVELOPMENT | $177,934 |