Iwsi America Inc
- Assets
- $417.1k
- Revenue
- $787.2k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 83-2892633
Organization Overview
Iwsi America Inc, operating under the name Institute For Workplace Skills And Innovation America, is located in New York, NY. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Institute For Workplace Skills And Innovation America employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Workplace Skills And Innovation America 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, Institute For Workplace Skills And Innovation America generated $787.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 66.8% each year . All expenses for the organization totaled $644.3k during the year ending 12/2021. While expenses have increased by 74.8% 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 SUPPORT THE DEVELOPMENT AND ENHANCEMENT OF EDUCATION, EMPLOYMENT, TRAINING AND LEADERSHIP FOR THE BENEFIT OF YOUNG PEOPLE AND DISADVANTAGED GROUPS IN THE UNITED STATES AND AUSTRALIA.- TO PROVIDE SUPPORT AND FUNDING FOR EDUCATION, EMPLOYMENT, TRAINING AND LEADERSHIP TO HELP COMBAT YOUTH UNEMPLOYMENT IN THE UNITED STATES AND AUSTRALIA.- TO PROVIDE SUPPORT AND FUNDING TO OTHER CHARITABLE ORGANIZATIONS FOR TRAINING FOR YOUNG PEOPLE AND PEOPLE FROM DISADVANTAGED GROUPS TO BECOME PART OF A FUTURE SKILLED WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
- TO SUPPORT THE DEVELOPMENT AND ENHANCEMENT OF EDUCATION, EMPLOYMENT, TRAINING AND LEADERSHIP FOR THE BENEFIT OF YOUNG PEOPLE AND DISADVANTAGED GROUPS IN THE UNITED STATES AND AUSTRALIA.- TO PROVIDE SUPPORT AND FUNDING FOR EDUCATION, EMPLOYMENT, TRAINING AND LEADERSHIP TO HELP COMBAT YOUTH UNEMPLOYMENT IN THE UNITED STATES AND AUSTRALIA.- TO PROVIDE SUPPORT AND FUNDING TO OTHER CHARITABLE ORGANIZATIONS FOR TRAINING FOR YOUNG PEOPLE AND PEOPLE FROM DISADVANTAGED GROUPS TO BECOME PART OF A FUTURE SKILLED WORKFORCE.- WE HAVE EXPANDED TO DELIVERY OF SERVICES FOR PEOPLE WITH DISABILITIES AT THE END OF 2021 .- WE HAVE A CONTRACT WITH THE CALIFORNIA DEPARTMENT OF REHABILITATION FOR 2 YEAR PILOT THAT WILL GO UNTIL 2023.- WE SERVED OVER THIS FINANCIAL YEAR 21- CONTINUE TO SERVE DISADVANTAGED, CULTURALLY AND LINGUISTICALLY DIVERSE YOUTH AGED 16-24 WITH APPRENTICESHIPS NATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas M Wyman Chief Executive Officer | Trustee | 40 | $155,625 |
Sophia Ramsey Director | Trustee | 20 | $0 |
Fred J Maddern Chairman | Trustee | 20 | $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 | $787,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $787,216 |
| 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 | $787,216 |
| 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 | $224,744 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,810 |
| Payroll taxes | $18,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,810 |
| Fees for services: Accounting | $3,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $254,881 |
| Advertising and promotion | $0 |
| Office expenses | $20,288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $340 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,327 |
| Insurance | $4,312 |
| All other expenses | $0 |
| Total functional expenses | $644,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,525 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,615 |
| 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 | $3,000 |
| Net Land, buildings, and equipment | $8,980 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $417,120 |
| Accounts payable and accrued expenses | $40,532 |
| 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 | $40,532 |
| Net assets without donor restrictions | $128,711 |
| Net assets with donor restrictions | $247,877 |
| 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 | $417,120 |
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