Northern Middle Tennessee Local Workforce Development Board Inc
- Assets
- $3.5m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 34
- Location
- Clarksville, TN
- Founding
- 09/2000
- Data as of
- 06/2023
- EIN
- 62-1812741
Organization Overview
Northern Middle Tennessee Local Workforce Development Board Inc is located in Clarksville, TN. The organization was established in 2000. 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, Northern Middle Tennessee Local Workforce Development Board Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Middle Tennessee Local Workforce Development Board 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, Northern Middle Tennessee Local Workforce Development Board Inc generated $12.4m in total revenue. All expenses for the organization totaled $12.4m during the year ending 06/2023. While expenses have increased by 103.6% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NORTHERN MIDDLE TENNESSEE LOCAL WORKFORCE DEVELOPMENT BOARD, INC. (FORMERLY KNOWN AS NORTH TENNESSEE WORKFORCE BOARD, INC.) IS A NOT-FOR-PROFIT ORGANIZATION ORIGINALLY ESTABLISHED TO BEGIN SERVICES ON JULY 1, 2000 AS A POLICY-MAKING BOARD FOR A NINE COUNTY LOCAL WORKFORCE DEVELOPMENT AREA 8 (LWDA 8) UNDER THE WORKFORCE INVESTMENT ACT OF 1998. THESE SERVICES, FACILITATE PROGRAMS WITHIN THE LWDA TO PREPARE YOUTH, AND UP-SKILL ADULTS AND DISLOCATED WORKERS FOR ENTRY AND/OR RE-ENTRY INTO THE LABOR FORCE AND TO AFFORD JOB TRAINING TO THOSE ECONOMICALLY DISADVANTAGED INDIVIDUALS AND OTHER INDIVIDUALS FACING SERIOUS BARRIERS TO EMPLOYMENT TO INCREASE ECONOMIC SELF-SUFFICIENCY. THE BOARD ALSO SERVES TO SUPPORT AREA ECONOMIC GROWTH. A BOARD OF DIRECTORS COMPRISED OF BUSINESS REPRESENTATIVES AND OTHER LABOR, EDUCATION, ECONOMIC DEVELOPMENT AND SPECIALTY POPULATIONS GOVERNED THE AFFAIRS OF THE NINE COUNTY SERVICE DELIVERY AREA. THROUGH SEPTEMBER 30, 2018 THE AREA INCLUDED CHEATHAM, DICKSON, HOUST
Describe the Organization's Program Activity:
Part 3 - Line 4a
WIOA & NATIONAL DISLOCATED WORKER PROGRAM - JOB COUNSELING AND JOB TRAINING FOR UNEMPLOYED, DISLOCATED WORKERS AND YOUTH. SERVED APPROXIMATE 3,362 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Adams Member | Trustee | $0 | |
John Alexander Member | Trustee | $0 | |
Richie Brandon Member | Trustee | $0 | |
Dan Caldwell Member | Trustee | $0 | |
George Callis Member | Trustee | $0 | |
Keith Carnahan Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,392,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $34 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,392,531 |
| Total Program Service Revenue | $0 |
| Investment income | $3,088 |
| 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 | $12,395,619 |
| 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 | $406,411 |
| Pension plan accruals and contributions | $11,662 |
| Other employee benefits | $90,064 |
| Payroll taxes | $29,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $70 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,461 |
| 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 | $39,475 |
| Insurance | $0 |
| All other expenses | $1,019,214 |
| Total functional expenses | $12,372,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,202,962 |
| Pledges and grants receivable | $2,034,133 |
| Accounts receivable, net | $49,445 |
| 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 | $18,520 |
| Net Land, buildings, and equipment | $190,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,495,857 |
| Accounts payable and accrued expenses | $3,299,742 |
| 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 | $2,971 |
| Total liabilities | $3,302,713 |
| Net assets without donor restrictions | $193,144 |
| 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 | $3,495,857 |