Careersource Florida Inc
- Assets
- $9.1m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 24
- Location
- Tallahassee, FL
- Founding
- 03/2001
- Data as of
- 06/2023
- EIN
- 59-3659026
Organization Overview
Careersource Florida Inc is located in Tallahassee, FL. The organization was established in 2001. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2023, Careersource Florida Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careersource Florida Inc 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 Florida Inc generated $16.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $16.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Careersource Florida Inc has awarded 865 individual grants totaling $92,836,395. 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
THE FLORIDA WORKFORCE SYSTEM CONNECTS EMPLOYERS WITH QUALIFIED, SKILLED TALENT AND FLORIDIANS WITH EMPLOYMENT AND CAREER DEVELOPMENT OPPORTUNITIES TO ACHIEVE ECONOMIC PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE QUICK RESPONSE TRAINING PROGRAM, FUNDED WITH STATE DOLLARS, PROVIDES CUSTOMIZED TRAINING TO NEW VALUE ADDED BUSINESSES LOCATED IN FLORIDA AND TO EXISTING OR EXPANDING BUSINESSES THAT MEET THE STATE'S ECONOMIC GOALS.
THE INCUMBENT WORKER TRAINING PROGRAM PROVIDES GRANT FUNDS TO FLORIDA COMPANIES FOR SKILLS UPGRADE TRAINING OF CURRENTLY EMPLOYED WORKERS IN AN EFFORT TO KEEP THE COMPANY AND WORKERS COMPETITIVE. THE PROGRAM IS FUNDED WITH FEDERAL WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) DOLLARS.
CONTRACTS EXECUTED BY CAREERSOURCE FLORIDA, INC. FOR SERVICES PROVIDED BY VENDORS TO SUPPORT STATE-LEVEL INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abe Alangadan Board Member | Trustee | 1 | $0 |
Allison Kinney Board Member | Trustee | 1 | $0 |
Andrew Schmadeke Board Member | Trustee | 1 | $0 |
Bayne Beecher Board Member | Trustee | 1 | $0 |
Bill Johnson Board Member | Trustee | 1 | $0 |
Brent Mcneal Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Floridacommerce Refund To Deo | 6/29/23 | $3,443,600 |
Moore Communications Group Communications Consulting | 6/29/23 | $3,267,853 |
College Of Central Florida Qrt Grant | 6/29/23 | $1,228,500 |
Ernst & Young Us Llp Consulting | 6/29/23 | $812,500 |
Florida Southwestern State College Qrt Grant | 6/29/23 | $601,220 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,453,370 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,454,871 |
| Total Program Service Revenue | $0 |
| Investment income | $21 |
| 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 | $16,454,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,051,963 |
| 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 | $475,113 |
| Other salaries and wages | $1,936,389 |
| Pension plan accruals and contributions | $254,239 |
| Other employee benefits | $374,323 |
| Payroll taxes | $162,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,653 |
| Fees for services: Accounting | $191,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,106,596 |
| Advertising and promotion | $2,926,364 |
| Office expenses | $76,888 |
| Information technology | $378,550 |
| Royalties | $0 |
| Occupancy | $227,081 |
| Travel | $77,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,537 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,668 |
| Insurance | $13,310 |
| All other expenses | $89,140 |
| Total functional expenses | $16,482,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,024,467 |
| Pledges and grants receivable | $3,070,767 |
| 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 | $92,198 |
| Net Land, buildings, and equipment | $59,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $803,685 |
| Total assets | $9,050,146 |
| Accounts payable and accrued expenses | $1,660,067 |
| Grants payable | $0 |
| Deferred revenue | $5,301,700 |
| 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 | $1,187,460 |
| Total liabilities | $8,149,227 |
| Net assets without donor restrictions | $900,919 |
| 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 | $9,050,146 |
Grants Awarded
Over the last fiscal year, Careersource Florida Inc has awarded $5,979,638 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA SOUTHWESTERN STATE COLLEGE PURPOSE: EMPLOYEE TRAINING ASSISTANCE | $1,253,081 |
POLK STATE COLLEGE PURPOSE: EMPLOYEE TRAINING ASSISTANCE | $226,800 |
DAYTONA STATE COLLEGE PURPOSE: EMPLOYEE TRAINING ASSISTANCE | $18,375 |
THE DISTRICT BOARD OF TRUSTEES OF BROWARD COLLEGE FLORIDA PURPOSE: EMPLOYEE TRAINING ASSISTANCE | $367,500 |
CHIPOLA COLLEGE PURPOSE: EMPLOYEE TRAINING ASSISTANCE | $52,920 |
COLLEGE OF CENTRAL FLORIDA PURPOSE: EMPLOYEE TRAINING ASSISTANCE | $428,400 |