Re Work Richmond Inc
- Assets
- $498.3k
- Revenue
- $620.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Richmond, VA
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 82-5083689
Organization Overview
Re Work Richmond Inc is located in Richmond, VA. The organization was established in 2019. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Re Work Richmond Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Re Work Richmond 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 12/2021, Re Work Richmond Inc generated $620.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 64.6% each year . All expenses for the organization totaled $438.4k during the year ending 12/2021. While expenses have increased by 70.1% per year over the past 4 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 PREPARE AND CONNECT HEADS OF HOUSEHOLDS IN THE EAST END OF RICHMOND WITH THE RIGHT FAMILY-SUSTAINING CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WE SERVED 37 ADULTS WHO WERE ENROLLED AS PARTICIPANTS IN REWORK RICHMOND, ACCESSING THE FULL SUITE OF REWORK SUPPORTS. THESE 37 ADULTS REPRESENT OVER 120 UNDUPLICATED INDIVIDUALS WHEN WE CONSIDER THE FAMILY UNITS THAT THE 37 ADULTS SUPPORT. UTILIZING OUR COMPREHENSIVE APPROACH WITH THESE 37 PARTICIPANTS, WE CONNECTED 24 TO NEW EMPLOYMENT. EDUCATION IS ALSO A NECESSARY STEP ON MANY MEMBERS' PATHWAY TO A LIVING-WAGE CAREER. WE HELPED EIGHT MEMBERS ENROLL IN VARIOUS CERTIFICATION COURSES AND ASSOCIATES LEVEL PROGRAMS. A MAJOR COMPONENT OF OUR APPROACH IS UTILIZING OUR EXTENSIVE VOLUNTEER NETWORK TO PROVIDE MEMBERS WITH MEANINGFUL SUPPORT AS THEY WORK ON EMPLOYMENT. OUR VOLUNTEERS ACT AS CAREER COACHES, MENTORS, RESUME WRITERS, AND TUTORS. EACH MEMBER IS ALSO PAIRED WITH A REWORK FINANCIAL COACH WHO THEY MEET WITH QUARTERLY TO DEVELOP A BUDGETING STRATEGY THAT WORKS IN TANDEM WITH THEIR EMPLOYMENT PLAN. OUR NETWORK INCLUDES 100+ VOLUNTEERS, 40 OF WHICH ARE REGULARLY ENGAGED. WE AT REWORK RICHMOND RECOGNIZE THAT IN ORDER TO FOCUS STRATEGICALLY ON EMPLOYMENT, THERE NEEDS TO BE AN ELEMENT OF STABILITY AROUND TRANSPORTATION, CHILDCARE, AND HOUSING. THE DIRECTOR OF MEMBER SERVICES WORKED CLOSELY WITH OUR PARTNERS IN THOSE FIELDS TO CONNECT MEMBERS TO WRAP-AROUND SUPPORTS THAT KEEP THEM ON TRACK TOWARDS A LIVING-WAGE CAREER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Lawrence Executive Director | Officer | 40 | $90,000 |
Dr Ronald Carey Board Chairman | Officer | 10 | $0 |
Gussie Bannard Vice Chairman | Officer | 5 | $0 |
Torey Edmonds Secretary | Officer | 5 | $0 |
Rev Melvin Shearin II Treasurer | Officer | 10 | $0 |
Carol Adams Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $588,283 |
| Noncash contributions included in lines 1a–1f | $15,724 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $620,095 |
| Total Program Service Revenue | $0 |
| Investment income | $146 |
| 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 | $620,241 |
| 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. | $290,770 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,338 |
| Payroll taxes | $23,436 |
| Fees for services: Management | $0 |
| 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 | $9,774 |
| Advertising and promotion | $0 |
| Office expenses | $799 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,299 |
| Insurance | $2,113 |
| All other expenses | $3,577 |
| Total functional expenses | $438,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,883 |
| Savings and temporary cash investments | $115,758 |
| Pledges and grants receivable | $107,910 |
| 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 | $20,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,226 |
| Total assets | $498,278 |
| Accounts payable and accrued expenses | $10,494 |
| 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 | $0 |
| Total liabilities | $10,494 |
| Net assets without donor restrictions | $357,784 |
| Net assets with donor restrictions | $130,000 |
| 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 | $498,278 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Re Work Richmond Inc has recieved totaling $308,041.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $112,250 |
Robins Foundation Richmond, VA PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $45,000 |
Virginia Sargeant Reynolds Foundation Richmond, VA PURPOSE: GENERAL PURPOSES | $30,000 |
Estes Foundation Jenkintown, PA PURPOSE: GENERAL | $25,000 |
Virginia Nonproit Housing Coalition Richmond, VA PURPOSE: GENERAL OPERATING | $20,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $15,291 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home Builders Institute Washington, DC | $13,142,245 | $43,277,759 |
National Electrical Contractors Association Inc Washington, DC | $44,117,861 | $37,605,708 |
Electrical Training Alliance Bowie, MD | $46,161,520 | $37,934,095 |
Eastern Kentucky Concentrated Employment Program Inc Hazard, KY | $3,193,926 | $15,607,928 |
International Union Of Operating Engineers National Training Fund Washington, DC | $30,318,039 | $21,521,073 |
Electrical Local No 26 Joint Apprenticeship & Training Tr Fund Lanham, MD | $29,794,692 | $14,296,333 |
Mm&p Maritime Advancement Training Ed & Safety Program Linthicum Heights, MD | $12,191,670 | $4,959,385 |
Baltimore Corps Inc Baltimore, MD | $9,476,399 | $10,474,967 |
Heating Piping & Refrigeration Training Fund Landover, MD | $40,125,047 | $11,368,274 |
Iupat Finishing Trades Institute Hanover, MD | $16,339,084 | $7,845,156 |
Point Programs Inc Covington, KY | $8,847,119 | $6,355,202 |
Atu Training And Education Center Inc Silver Spring, MD | $35,739,590 | $712,662 |