Rural Capital Area Workforce Development Board Inc
- Assets
- $8.7m
- Revenue
- $45.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Cedar Park, TX
- Founding
- 08/1988
- Data as of
- 09/2023
- EIN
- 74-2487795
Organization Overview
Rural Capital Area Workforce Development Board Inc, operating under the name Workforce Solutions Rural Capital Area, is located in Cedar Park, TX. The organization was established in 1988. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 09/2023, Workforce Solutions Rural Capital Area employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workforce Solutions Rural Capital Area 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 09/2023, Workforce Solutions Rural Capital Area generated $45.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $46.4m during the year ending 09/2023. While expenses have increased by 12.2% per year over the past 6 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.
Since 2018, Workforce Solutions Rural Capital Area has awarded 22 individual grants totaling $193,001,455. 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
A NON-PROFIT ENTITY PROVIDING NO COST TRAINING, RECUITMENT, AND EMPLOYMENT SERVICES TO INDIVIDUAL JOB SEEKERS AND BUSINESSES IN THE NINE COUNTY AREA BY GIVING THEM ACCESS TO LOCAL WORKFORCE SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SUBSIDY FOR CHILDCARE FOR LOW INCOME PERSONS WHO ARE IN A JOB TRAINING PROGRAM
TO PROVIDE TRAINING AND SUPPORT FOR INDIVIDUALS JOB SEEKERS AS OUTLINED BY THE WIOA PROGRAMS
TO PROVIDE ASSISTANCE AND TRAINING TO LOW INCOME JOB SEEKERS UND THE PROVISION OF THE TANF/CHOICES PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Fletcher CEO | Officer | 40 | $163,632 |
Diane Tackett COO | Officer | 40 | $128,547 |
Eric Stansfield Cio | Officer | 40 | $111,006 |
Jenna Akridge Chief Contracts Officer | Officer | 40 | $18,413 |
Hector Aguilar Board Member | Trustee | 1 | $0 |
Ben Brenneman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neighborhood Centers Inc Workforce Centers Services Operations | 9/29/23 | $31,314,983 |
Rescare Workforce Services Childcare Centers Services | 9/29/23 | $9,700,309 |
Smithville Workforce Training Center Training Center | 9/29/23 | $470,400 |
Workforce Network Inc Employment Services | 9/29/23 | $375,400 |
Third Sector Capital Partners Inc Development, Design Advisor, Data, Evaluation And Learning Advisor,sustainability Advisor | 9/29/23 | $1,576,234 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,772,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,967,323 |
| Total Program Service Revenue | $694,596 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,068 |
| 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 | $45,682,266 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,577,854 |
| 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 | $2,535,461 |
| Pension plan accruals and contributions | $136,114 |
| Other employee benefits | $331,637 |
| Payroll taxes | $183,003 |
| Fees for services: Management | $1,074,038 |
| 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 | $118,544 |
| Office expenses | $1,016,542 |
| Information technology | $418,742 |
| Royalties | $0 |
| Occupancy | $1,776,924 |
| Travel | $128,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,382 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $749,943 |
| Insurance | $42,573 |
| All other expenses | $304 |
| Total functional expenses | $46,418,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,130,273 |
| 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 | $463,850 |
| Net Land, buildings, and equipment | $346,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,210,477 |
| Total assets | $8,721,113 |
| Accounts payable and accrued expenses | $3,120,801 |
| Grants payable | $0 |
| Deferred revenue | $493,193 |
| 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 | $4,222,170 |
| Total liabilities | $7,836,164 |
| Net assets without donor restrictions | $884,949 |
| 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 | $8,721,113 |
Grants Awarded
Over the last fiscal year, Rural Capital Area Workforce Development Board Inc has awarded $43,289,653 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NEIGHBORHOOD CENTERS INC PURPOSE: Workforce Centers Services Operations | $33,408,127 |
RESCARE WORKFORCE SERVICES PURPOSE: Childcare Centers Services | $8,527,020 |
SMITHVILLE WORKFORCE TRAINING CENTER PURPOSE: Workforce Programing | $365,761 |
THIRD SECTOR CAPITAL PARTNERS INC PURPOSE: Workforce Programing | $602,510 |
EMERGENT ED CHILD CARE CONSULTING INC PURPOSE: Consulting | $52,205 |
WORKFORCE NETWORK INC PURPOSE: Workforce Programing | $334,030 |