Rework Training
- Assets
- $70.9k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-2873425
Organization Overview
Rework Training is located in Chicago, IL. The organization was established in 2016. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2023, Rework Training employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rework Training 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 12/2023, Rework Training generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 19.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RE:WORK MISSION IS TO PROMOTE ECONOMIC EQUITY THROUGH A NON-TRADITIONAL EDUCATION PATH. WE PROVIDE THE TRAINING, PLACEMENT, AND SUPPORT TO CREATE LUCRATIVE CAREERS FOR MINORITIES FROM UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR APPROACH - BEGIN WITH EIGHT WEEKS OF TRAINING WITH A FOCUS ON SALES SKILLS AND THETECHNOLOGY INDUSTRY PLACE CANDIDATES WHO SUCCESSFULLY COMPLETE OUR TRAINING IN SALESROLES PROVIDE OPPORTUNITES FOR VALUE-ADDED PARTNERSHIPS THROUGH VOLUNTEERISM. OUREMPOWERMENT CURRICULUM - IN ORDER TO GIVE EACH CANDIDATE INDIVIDUAL ATTENTION, WELIMIT OUR COHORTS TO A MAXIMUM OF 35 CANDIDATES. OUR GOAL IS FOR OUR CANDIDATES TO EXCEED SALES AND COMPANY-WIDE EXPECTATIONS. TO EMPOWER CANDIDATES TO DO THIS, WETRAIN ON MINDSET, SALES PROCESS, BEST PRACTICES FOR COLD CALLING, EMAIL CADENCE, ANDBUSINESS ACUMEN. WE ALSO COVER TOOLS LIKE SALESFORCE, YESWARE, & VIDEO CONFERENCING. DURING 2020 WE HAD A 68% PLACEMENT RATE WITH AN AVERAGE SALARY OF 55,000. 98% OF OUR CANDIDATES ARE FROM OVERLOOKED COMMUNITIES, PREDOMINANTLY COMING FROM THE SOUTH AND WEST SIDES OF CHICAGO & BAY AREA. WE HAVE A FOUR-STEP SCREENING PROCESS, INCLUDING A PREDICTIVE FIT ASSESSMENT THAT IDENTIFIES INDIVIDUALS WITH TEAMWORK, POLISH, RIGOR, IMPACT,CURIOSITY, OWNERSHIP, AND GRIT. RE: WORK'S PROGRAM CONSISTS OF 5 COHORTS PER YEAR,EACH BEING 9 WEEKS WITH 12 CANDIDATES PER COHERT. IN 2020 WE HAD A PLACEMENTSUCCESS RATE OF 68%. ADDITIONALLY, IN 2020 WE WERE ABLE TO PLACE CANDIDATES IN A FULL-TIME JOB IN JUST 2 MONTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Barretto Secretary | OfficerTrustee | $0 | |
Susan Clark Director | Trustee | $0 | |
John Drew Treasurer | OfficerTrustee | $0 | |
Harrison Horan President | OfficerTrustee | $0 | |
Renee Kaplan Director | Trustee | $0 | |
Shelton Banks CEO | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,322,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,322,163 |
| Total Program Service Revenue | $1,000 |
| 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 | $1,323,163 |
| 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 | $507,539 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $277,320 |
| Advertising and promotion | $76,803 |
| Office expenses | $14,616 |
| Information technology | $106,687 |
| Royalties | $0 |
| Occupancy | $36,335 |
| Travel | $53,995 |
| 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 | $88,050 |
| All other expenses | $4,671 |
| Total functional expenses | $1,342,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $0 |
| Total assets | $70,850 |
| Accounts payable and accrued expenses | $6,985 |
| 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 | $17,596 |
| Total liabilities | $24,581 |
| Net assets without donor restrictions | $46,269 |
| 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 | $70,850 |
Grants Awarded
Over the last fiscal year, Rework Training has awarded $16,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRAY MATTER EXPERIENCE PURPOSE: GENERAL OPERATING EXPENSES | $8,000 |
THE IDEAL CANDIDATE PURPOSE: GENERAL OPERATING EXPENSES | $8,000 |