Western Virginia Work Force Development Board Inc
- Assets
- $3.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Roanoke, VA
- Founding
- 03/2006
- Data as of
- 06/2022
- EIN
- 65-1163605
Organization Overview
Western Virginia Work Force Development Board Inc is located in Roanoke, VA. The organization was established in 2006. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2022, Western Virginia Work Force Development Board Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Virginia Work Force 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 06/2022, Western Virginia Work Force Development Board Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 1.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADMINISTER WORKFORCE DEVELOPMENT AND TRAINING GRANTS FOR WORKFORCE AREA III OF VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CULTIVATE A DYNAMIC WORKFORCE DEVELOPMENT SYSTEM THAT STIMULATES ECONOMIC DEVELOPMENT IN THE CITIES OF COVINGTON, ROANOKE, AND SALEM AND THE COUNTIES OF ALLEGHANY, CRAIG, BOTETOURT, FRANKLIN, AND ROANOKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Romeo Executive Director | 40 | $82,675 | |
Casey Nicely Chair | OfficerTrustee | 1 | $0 |
Karen Michalski-Karney Treasurer | OfficerTrustee | 0.5 | $0 |
Michael Gardner Vice-Chair | OfficerTrustee | 0.5 | $0 |
Teresa Hammond Member | Trustee | 0.25 | $0 |
Jonathan Neff Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,473,787 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,532,449 |
| Total Program Service Revenue | $0 |
| Investment income | $512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,078 |
| 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 | $1,585,075 |
| 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 | $807,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,720 |
| Fees for services: Accounting | $15,177 |
| 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 | $0 |
| Information technology | $43,565 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,640 |
| 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 | $0 |
| Insurance | $3,542 |
| All other expenses | $15,245 |
| Total functional expenses | $1,616,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,219,073 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $103,650 |
| Accounts receivable, net | $34,664 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,748 |
| Total assets | $3,359,135 |
| Accounts payable and accrued expenses | $95,221 |
| 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 | $3,054,269 |
| Total liabilities | $3,149,490 |
| Net assets without donor restrictions | $209,645 |
| 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 | $3,359,135 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Virginia Work Force Development Board Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Montgomery County Coalition For The Homeless Inc Rockville, MD | $3,846,853 | $18,504,232 |
Southeastern Community Action Partnership Inc Lumberton, NC | $11,958,279 | $19,896,705 |
National Council Of Urban Indian Health Washington, DC | $1,404,220 | $8,677,340 |
North Carolina Justice Center Raleigh, NC | $7,153,656 | $8,035,969 |
Nuestros Pequenos Hermanosinternational Round Hill, VA | $4,147,042 | $6,283,043 |
The Orphanetwork Virginia Beach, VA | $3,197,466 | $6,293,778 |
Third Option Foundation Reston, VA | $24,876,503 | $12,300,421 |
Hope For Justice Inc Nashville, TN | $1,240,056 | $3,979,236 |
All Hazards Consortium Inc Frederick, MD | $860,935 | $3,674,057 |
Supportive Housing Communities Inc Charlotte, NC | $5,021,475 | $3,897,502 |
The Green Chair Project Inc Raleigh, NC | $6,753,039 | $4,421,917 |
Transportation Management Assoc Group Franklin, TN | $1,822,075 | $3,775,674 |