Workforce Development Board Sda-83 Inc
- Assets
- $677.0k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 83
- Location
- Monroe, LA
- Founding
- 12/1992
- Data as of
- 06/2022
- EIN
- 72-1122551
Organization Overview
Workforce Development Board Sda-83 Inc is located in Monroe, LA. The organization was established in 1992. 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 06/2022, Workforce Development Board Sda-83 Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workforce Development Board Sda-83 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, Workforce Development Board Sda-83 Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WORKFORCE DEVELOPMENT BOARD SDA-83, INC. IS A NONPROFIT ORGANIZATION THAT PROVIDES STRATEGIC PLANNING, POLICY DEVELOPMENT, OVERSIGHT AND EVALUATION OF THE LOCAL WORKFORCE INVESTMENT SYSTEM IN THE PARISHES OF CALDWELL, EAST CARROLL, FRANKLIN, JACKSON, MADISON, MOREHOUSE, RICHLAND, TENSAS, UNION, AND WEST CARROLL AND THROUGHOUT REGION 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE INVESTMENT ACT ADULT:THE WORKFORCE INNOVATION AND OPPORTUNITY ACT ADULT AND DISCLOATED WORKER FUNDS ACCOUNTS FOR FUNDS USED IN THE WIOA PROGRAM. THIS PROGRAM ATTEMPTS TO IMPLEMENT MAJOR REFORMS OF THE JOB TRAINING SYSTEM TO HELP INCREASE EMPLOYMENT, EARNINGS AND RETENTION OF PARTICIPANTS,AND REDUCE PUBLIC ASSISTANCE DEPENDENCY. A KEY COMPONENT OF THIS PROGRAM IS THE ONE-STOP SERVICE DELIVERY SYSTEM.
WORKFORCE INVESTMENT DISLOCATED WORKER, DISABILITY PROGRAM NAVIGATOR, AND NURSING ADJUNCT FACULTY PROJECT.
HEALTH PROFESSION OPPORTUNITY GRANT:THIS GROUP OF FUNDS ACCOUNTS FOR RESOURCES USED TO PROVIDE DIRECT TRAINING, EDUCATION, AND RELATED ACTIVITIES TO PREPARE LOW-INCOME INDIVIDUALS FOR EMPLOYMENT IN THE HEALTHCARE FIELD. TARGETED OCCUPATIONS INCLUDE THOSE THAT PAY WELL AND ARE EXPECTED TO EITHER EXPERIENCE LABOR SHORTAGES OR BE IN HIGH DEMAND.
WORKFORCE INVESTMENT ACT YOUTH:THE WORKFORCE INNOVATION AND OPPORTUNITY ACT YOUTH FUNDS ACCOUNTS FOR FUNDS USED IN THE WIA PROGRAM. THIS PROGRAM ATTEMPTS TO IMPLEMENT MAJOR REFORMS OF THE JOB TRAINING SYSTEM TO HELP INCREASE EMPLOYMENT, EARNINGS AND RETENTION OF PARTICIPANTS,AND REDUCE PUBLIC ASSISTANCE DEPENDENCY. A KEY COMPONENT OF THIS PROGRAM IS THE ONE-STOP SERVICE DELIVERY SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Wallace Director | Trustee | 2 | $0 |
Brandy Willis Director | Trustee | 2 | $0 |
Amanda Mcmanus Director | Trustee | 2 | $0 |
Michael Carroll Director | Trustee | 2 | $0 |
Gina Orgas Director | Trustee | 2 | $0 |
Kaila Boire Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,980,053 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,980,053 |
| 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 | $2,980,053 |
| 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. | $95,395 |
| Compensation of current officers, directors, key employees. | $17,465 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,063,661 |
| Pension plan accruals and contributions | $47,438 |
| Other employee benefits | $165,999 |
| Payroll taxes | $93,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,933 |
| Advertising and promotion | $0 |
| Office expenses | $50,024 |
| Information technology | $5,202 |
| Royalties | $0 |
| Occupancy | $124,498 |
| Travel | $49,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,826 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,062 |
| Insurance | $25,519 |
| All other expenses | $312,607 |
| Total functional expenses | $3,168,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,337 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $191,517 |
| Accounts receivable, net | $285 |
| 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 | $43,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $187,104 |
| Other assets | $0 |
| Total assets | $677,025 |
| Accounts payable and accrued expenses | $477,357 |
| Grants payable | $0 |
| Deferred revenue | $180,913 |
| 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 | $0 |
| Total liabilities | $658,270 |
| Net assets without donor restrictions | $43,782 |
| Net assets with donor restrictions | -$25,027 |
| 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 | $677,025 |