Institute For Workforce Development And Sustainability
- Assets
- $502.8k
- Revenue
- $598.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Olympia, WA
- Founding
- 01/2003
- Data as of
- 09/2023
- EIN
- 91-2140837
Organization Overview
Institute For Workforce Development And Sustainability is located in Olympia, WA. The organization was established in 2003. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Workforce Development And Sustainability 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 09/2023, Institute For Workforce Development And Sustainability generated $598.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $684.7k during the year ending 09/2023. While expenses have increased by 17.6% 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
PROVIDING THE BUSINESS COMMUNITY WITH THE TOOLS AND RESOURCES TO BUILD A STRONG WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE CONTINUED TO WORK WITH THE STATE'S 34 COMMUNITY AND TECHNICAL COLLEGES, ACTING AS A LIAISON BETWEEN THE COLLEGES AND THE STATE'S BUSINESS COMMUNITY. THE INSTITUTE CONDUCTED INTERVIEWS, SITE VISITS AND GROUP DISCUSSIONS WITH EDUCATORS AND BUSINESS EXECUTIVES IN ORDER TO MEET THE STATE'S NEED FOR HIGHLY TRAINED AND SKILLED WORKERS, INCLUDING FULFILLMENT OF TRAINING WORKERS IN THE MANUFACTURING CLUSTER.
COMMUNITY INVOLVEMENT AND STUDENT SCHOLARSHIPS TO HELP FURTHER THE ENTITY'S EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alisha Benson Director | Trustee | 1 | $0 |
Brad Sawazke Director | Trustee | 1 | $0 |
Brad Tilden Director | Trustee | 1 | $0 |
Bruce Nelson Director | Trustee | 1 | $0 |
Clif Mckenzie Director | Trustee | 1 | $0 |
Fran Erskine Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $68,913 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,792 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,705 |
| Total Program Service Revenue | $430,090 |
| Investment income | $1 |
| 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 | $598,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,100 |
| Grants and other assistance to domestic individuals. | $3,950 |
| 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 | $118,526 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $196,350 |
| Fees for services: Legal | $0 |
| 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 | $54,505 |
| Advertising and promotion | $72,618 |
| Office expenses | $23,863 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $66,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,901 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,266 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $684,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $501,737 |
| Savings and temporary cash investments | $1,100 |
| 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 | $502,837 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $441,578 |
| Net assets with donor restrictions | $61,259 |
| 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 | $502,837 |