Southwest Florida Workforce Development Board Inc
- Assets
- $5.6m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 73
- Location
- Fort Myers, FL
- Founding
- 01/1998
- Data as of
- 06/2023
- EIN
- 65-0778245
Organization Overview
Southwest Florida Workforce Development Board Inc is located in Fort Myers, FL. The organization was established in 1998. 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, Southwest Florida Workforce Development Board Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Florida 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, Southwest Florida Workforce Development Board Inc generated $12.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $12.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 6 years. 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
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE ADMINISTRATION AND OVERSIGHT TO ORGANIZATIONS AND AND INDIVIDUALS WHO SERVE THOSE SEEKING EMPLOYMENT OPPORTUNITIES THROUGH JOB TRAINING, JOB PLACEMENT,COUNSELING AND OTHER ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE INNOVATION AND OPPORTUNITY ACT - WIOA PROGRAMS PROVIDE YOUTH, ADULTS AND DISLOCATED WORKERS WITH THE INFORMATION, ADVICE, JOB SEARCH ASSISTANCE AND TRAINING THEY NEED TO GET AND KEEP GOOD JOBS AND PROVIDE EMPLOYERS WITH SKILLED WORKERS.
WAGNER-PEYSER PROGRAMS ARE DESIGNED TO IMPROVE THE FUNCTIONING OF THE NATION'S LABOR MARKETS BY BRINGING TOGETHER INDIVIDUALS WHO ARE SEEKING EMPLOYMENT WITH EMPLOYERS WHO ARE SEEKING WORKERS.
WIOA DISLOCATED WORKER NATIONAL EMERGENCY GRANT-HURRICANE RELIEF EFFORTS- HURRICANE IAN
WELFARE TRANSITION - WELFARE TRANSITION PROGRAMS ARE DESIGNED TO EMPHASIZE WORK, SELF SUFFICIENCY, AND PERSONAL RESPONSIBILITY FOR WELFARE RECIPIENTS AND TO ENABLE THEM TO MOVE FROM WELFARE TO WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peg Elmore President/ceo | Officer | 40 | $134,187 |
Michael Egan Finance Director | 40 | $129,622 | |
Joseph P Paterno Executive Director | Officer | 40 | $148,991 |
Diana Bello Board Member | Trustee | 1 | $0 |
Bj Brundage Board Member | Trustee | 1 | $0 |
Drummond Camel Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,231,725 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,310,296 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $433,809 |
| 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 | $12,752,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,842,352 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $425,554 |
| Compensation of current officers, directors, key employees. | $425,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,343,872 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $445,920 |
| Payroll taxes | $246,676 |
| Fees for services: Management | $49,891 |
| Fees for services: Legal | $34,936 |
| 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 | $8,350 |
| Office expenses | $269,306 |
| Information technology | $201,411 |
| Royalties | $0 |
| Occupancy | $342,145 |
| Travel | $22,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,167 |
| Interest | $78,834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,228,178 |
| Insurance | $149,914 |
| All other expenses | $46,182 |
| Total functional expenses | $12,669,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,391,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $33,612 |
| Accounts receivable, net | $2,404 |
| 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 | $93,196 |
| Net Land, buildings, and equipment | $3,067,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,588,294 |
| Accounts payable and accrued expenses | $792,742 |
| Grants payable | $0 |
| Deferred revenue | $791,058 |
| 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 | $1,515,133 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,298,405 |
| Total liabilities | $5,397,338 |
| Net assets without donor restrictions | $190,956 |
| 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 | $5,588,294 |