Cwi Labs Inc
- Assets
- $106.2k
- Revenue
- $133.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 11/2019
- Data as of
- 06/2021
- EIN
- 82-3445435
Organization Overview
Cwi Labs Inc is located in Silver Spring, MD. The organization was established in 2019. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cwi Labs 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 06/2021, Cwi Labs Inc generated $133.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $327.0k during the year ending 06/2021. While expenses have increased by 0.2% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INNOVATE NEW APPROACHES, ADVANCE BEST PRACTICES, AND TACKLE THE CHALLENGE OF BRINGING UNDERSERVED AMERICANS OF ALL AGES INTO THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INNOVATE NEW APPROACHES, ADVANCE BEST PRACTICES, AND TACKLE THE CHALLENGE OF BRINGING UNDERSERVED AMERICANS OF ALL AGES INTO THE WORKFORCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela S Beddoe Board Chairman | OfficerTrustee | 1 | $0 |
Barbara A Kaufmann Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Mitchell Milner Vice-Chair | OfficerTrustee | 1 | $0 |
Gary Officer President & CEO | OfficerTrustee | 1 | $0 |
Samuel Gaillard CFO | OfficerTrustee | 1 | $0 |
William Good Director | Trustee | 1 | $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 | $133,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,644 |
| 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 | $133,644 |
| 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 | $176,723 |
| Pension plan accruals and contributions | $26,820 |
| Other employee benefits | $0 |
| Payroll taxes | $6,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,826 |
| Advertising and promotion | $0 |
| Office expenses | $22,597 |
| 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 | $485 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $251 |
| All other expenses | $14 |
| Total functional expenses | $327,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,206 |
| 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 | $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 | $106,206 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $22,146 |
| 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 | $198,002 |
| Total liabilities | $220,148 |
| Net assets without donor restrictions | -$113,942 |
| 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 | $106,206 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cwi Labs Inc has recieved totaling $625,000.
| Awarding Organization | Amount |
|---|---|
Center For Workforce Inclusion Inc Silver Spring, MD PURPOSE: RECRUITMENT, TRAINING, AND JOB PLACEMENT OF SENIORS | $625,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jevs Human Services Philadelphia, PA | $77,364,523 | $72,235,566 |
Philadelphia Works Inc Philadelphia, PA | $19,624,768 | $60,435,334 |
Private Industry Council Of Westmoreland Fayette Inc Greensburg, PA | $8,538,862 | $23,750,755 |
Generation Usa Washington, DC | $17,938,466 | $7,677,123 |
Change Incorporated Weirton, WV | $10,912,278 | $21,367,906 |
Skills Usa Inc Leesburg, VA | $8,575,895 | $14,271,991 |
Opportunity At Work Inc Washington, DC | $8,759,075 | $9,572,974 |
Impact Services Corp Philadelphia, PA | $10,268,783 | $12,440,470 |
Second Chance Inc Baltimore, MD | $22,971,247 | $13,264,528 |
Anne Arundel Workforce Development Corporation Inc Millersville, MD | $2,854,225 | $10,470,291 |
Experience Works Inc Severna Park, MD | $76,388 | $8,997,468 |
Urban Alliance Foundation Inc Washington, DC | $17,000,062 | $13,601,733 |