Re Work Richmond Inc
- Assets
- $801.7k
- Revenue
- $590.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Richmond, VA
- Founding
- 08/2019
- Data as of
- 12/2023
- 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 12/2023, Re Work Richmond Inc employed 3 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 12/2023, Re Work Richmond Inc generated $590.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $435.6k during the year ending 12/2023. While expenses have increased by 15.4% 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
TO PREPARE AND CONNECT UNDEREMPLOYED ADULTS IN THE EAST END OF RICHMOND WITH THE RIGHT FAMILY-SUSTAINING CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, WE SERVED 75 ADULTS WHO WERE ENROLLED AS PARTICIPANTS IN REWORK RICHMOND ACCESSING THE FULL SUITE OF REWORK SUPPORTS. THESE 75 ADULTS REPRESENT OVER 160 UNDUPLICATED INDIVIDUALS WHEN WE CONSIDER THE FAMILY UNITS THAT THE 75 ADULTS SUPPORT. UTILIZING OUR COMPREHENSIVE APPROACH, WE CONNECTED 20 TO NEW EMPLOYMENT. EDUCATION IS ALSO A NECESSARY STEP ON MANY PARTICIPANTS' PATHWAY TO A LIVING WAGE CAREER. WE HELPED EIGHT PARTICIPANTS ENROLL IN VARIOUS CERTIFICATION OR EDUCATION COURSES AND ASSOCIATES LEVEL PROGRAMS. A MAJOR COMPONENT OF OUR APPROACH IS UTILIZING OUR EXTENSIVE VOLUNTEER NETWORK TO PROVIDE PARTICIPANTS WITH MEANINGFUL SUPPORT AS THEY WORK ON EMPLOYMENT. OUR VOLUNTEERS ACT AS CAREER COACHES, MENTORS, RESUME WRITERS, AND TUTORS. EACH PARTICIPANT 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 40+ VOLUNTEERS, 20 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. OUR STAFF WORKED CLOSELY WITH OUR PARTNERS IN THOSE FIELDS TO CONNECT PARTICIPANTS TO WRAP-AROUND SUPPORTS THAT KEEP THEM ON TRACK TOWARDS A LIVING WAGE CAREER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Franko Board Member | Trustee | 4 | $0 |
Nancy Harrison Board Member | Trustee | 4 | $0 |
Wayne Johnson Board Member | Trustee | 4 | $0 |
T Justin Moore III Board Member | Trustee | 4 | $0 |
Pamela O'berry Board Member | Trustee | 4 | $0 |
Roderick Smyth Board Member | Trustee | 4 | $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 | $585,649 |
| Noncash contributions included in lines 1a–1f | $22,856 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $585,649 |
| Total Program Service Revenue | $0 |
| Investment income | $4,795 |
| 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 | $590,944 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,882 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,603 |
| Payroll taxes | $18,612 |
| 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 | $8,951 |
| Advertising and promotion | $0 |
| Office expenses | $2,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,014 |
| Travel | $497 |
| 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 | $5,414 |
| Insurance | $2,107 |
| All other expenses | $3,755 |
| Total functional expenses | $435,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,148 |
| Savings and temporary cash investments | $320,723 |
| Pledges and grants receivable | $107,500 |
| 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 | $47,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,087 |
| Total assets | $801,738 |
| Accounts payable and accrued expenses | $3,552 |
| 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 | $72,967 |
| Total liabilities | $76,519 |
| Net assets without donor restrictions | $717,719 |
| Net assets with donor restrictions | $7,500 |
| 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 | $801,738 |