Foundation For Workforce Mobility
- Assets
- $642.6k
- Revenue
- $140.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 75-3138889
Organization Overview
Foundation For Workforce Mobility is located in Arlington, VA. The organization was established in 2005. According to its NTEE Classification (V35) the organization is classified as: International Studies, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Workforce Mobility 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 12/2022, Foundation For Workforce Mobility generated $140.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $209.0k during the year ending 12/2022. 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 FOUNDATION FOR WORKFORCE MOBILITY (FOUNDATION) IS AN EDUCATIONAL, RESEARCH AND CHARITABLE ENTITY THAT PROVIDES OUTREACH FROM THE RELOCATION INDUSTRY TO THE BROADER BUSINESS COMMUNITY. THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ALSO QUALIFY AS EXEMPT ORGANIZATIONS WITHIN THE MEANING OF IRS SECTION 501(C)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP: THE FOUNDATION PARTNERS WITH SELECT REGIONAL NON-PROFIT RELOCATION GROUPS TO AWARD SCHOLARSHIPS TO STUDENTS WHO HAVE BEEN IMPACTED BY RELOCATION. THE FOUNDATION'S SCHOLARSHIP MAY BE ENHANCED BY ADDITIONAL GIVING FROM THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Nowak MBA Crp Gms-T Shrm Client Leads Director | Trustee | 0 | $0 |
Angel Lozano Director Of Institutional Advancement | Trustee | 0 | $0 |
Shannon Brown Phr Crp Gms Director Of Referral Engagement | Trustee | 0 | $0 |
Stephen Mcgarry Scrp Director, Global Mobility | Trustee | 0 | $0 |
Robert Brizuela Crp Gms Senior Relocation Manager | Trustee | 0 | $0 |
David Bunnell Senior Vice President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $340,522 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,745 |
| 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 | -$213,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,604 |
| Grants and other assistance to domestic individuals. | $11,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $33,750 |
| 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 | $776 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $502 |
| All other expenses | $0 |
| Total functional expenses | $208,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $641,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $822 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $642,551 |
| Accounts payable and accrued expenses | $135,837 |
| Grants payable | $0 |
| Deferred revenue | $11,527 |
| 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 | $127,169 |
| Total liabilities | $274,533 |
| Net assets without donor restrictions | $368,018 |
| 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 | $642,551 |
Grants Awarded
Over the last fiscal year, Foundation For Workforce Mobility has awarded $122,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY PROMISE PURPOSE: SUPPORT FOR ORG'S COMMUNITY SUPPORT MISSION | $10,250 |
OPERATION LOTUS PURPOSE: HURRICANE IRMA RELIEF | $8,387 |
GREATER HOUSTON COMMUNITY PURPOSE: HURRICANE HARVEY RELIEF FUND | $42,363 |
FAMILY PROMISE PURPOSE: SUPPORT FOR ORG'S COMMUNITY SUPPORT MISSION | $10,250 |
OPERATION LOTUS PURPOSE: HURRICANE IRMA RELIEF | $8,387 |
GREATER HOUSTON COMMUNITY PURPOSE: HURRICANE HARVEY RELIEF FUND | $42,363 |