Jvs Socal
- Assets
- $21.6m
- Revenue
- $27.8m
- Investments
- $0.0
- Employees
- 1,179
- Location
- Los Angeles, CA
- Founding
- 10/1943
- Data as of
- 12/2022
- EIN
- 95-1691012
Organization Overview
Jvs Socal is located in Los Angeles, CA. The organization was established in 1943. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2022, Jvs Socal employed 1,179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jvs Socal 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 12/2022, Jvs Socal generated $27.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $28.2m during the year ending 12/2022. While expenses have increased by 7.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
JVS SOCAL OFFERS HOPE AND OPPORTUNITY TO OUR DIVERSE COMMUNITY THROUGH JOB TRAINING, MENTORING AND EDUCATION, COMBINED WITH EXPERT CAREER GUIDANCE, EMPLOYER PARTNERSHIPS AND COMPREHENSIVE RESOURCES, TRANSFORMING LIVES AND EMPOWERING INDIVIDUALS TO ACHIEVE DIGNITY AND INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENTWORKFORCE DEVELOPMENT INCLUDES SEVERAL FEDERALLY FUNDED AMERICA'S JOB CENTERS OF CALIFORNIA THAT SERVE BOTH JOB SEEKERS AND LOCAL EMPLOYERS, OFFERING JOB FAIRS, CANDIDATE RECRUITMENT AND SCREENING. PROGRAMS FOR JOB SEEKERS INCLUDE: JOB READINESS WORKSHOPS AND COACHING IN THE AREAS OF COMPREHENSIVE JOB SEARCH AND EMPLOYMENT SERVICES TO ASSIST INDIVIDUALS WITH APPROPRIATE JOB TRAINING FOCUSED ON HIGH GROWTH CAREER PATHWAYS. JVS SOCAL CENTERS PROVIDE SERVICES FOR ALL JOB SEEKERS, INCLUDING ADULTS AND YOUTH WITH BARRIERS TO EMPLOYMENT. JVS SOCAL ALSO OPERATES JVS SOCAL VETERAN SERVICES THAT ASSISTS VETERANS WITH JOB DEVELOPMENT, JOB PLACEMENT, TEMPORARY HOUSING, AND WRAP AROUND SERVICES.
WELFARE TO WORKWELFARE TO WORK PROGRAMS ASSIST THOUSANDS OF CLIENTS TRANSITIONING FROM WELFARE TO WORK THROUGH LOS ANGELES COUNTY'S GAIN PROGRAM. THIS PROGRAM OFFERS FULL-SERVICE CASE MANAGEMENT UNDER THE SUPERVISION OF LOS ANGELES COUNTY. OFFICES ARE LOCATED IN CHATSWORTH, PALMDALE, SANTA CLARITA AND GLENDALE.
JVS WORKSTRAINING SERVICES INCLUDE BOTH SOFT SKILLS AND TECHNICAL SKILLS TRAINING THAT FOSTER GROWTH AND JOB READINESS IN INDIVIDUALS SEEKING NEW CAREER OPPORTUNITIES. THESE PROGRAMS PROVIDE CUSTOMIZED JOB TRAINING, JOB PLACEMENT ASSISTANCE AND ONGOING COACHING FOR CAREERS IN THE HEALTHCARE, BUILDING MAINTENANCE, AND FINANCIAL SERVICES SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leland Felsenthal Chair | OfficerTrustee | 10 | $0 |
Sharon Darnov Secretary | OfficerTrustee | 5 | $0 |
Micah Dekofsky Treasurer | OfficerTrustee | 10 | $0 |
Adam Abramowitz Director | Trustee | 5 | $0 |
Ronny Bensimon Director | Trustee | 10 | $0 |
Joel Berman Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Commercial Interior Services Design Service | 12/30/22 | $170,721 |
Robert Half Accounting Service | 12/30/22 | $341,825 |
Op Sec Specialized Protection Security Service | 12/30/22 | $158,663 |
Swerdlow Law Legal Service | 12/30/22 | $143,594 |
Hi-desert Truck Driving School Driving Classes | 12/30/22 | $137,504 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $735 |
| Membership dues | $0 |
| Fundraising events | $1,310,955 |
| Related organizations | $0 |
| Government grants | $21,449,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,264,334 |
| Noncash contributions included in lines 1a–1f | $56,993 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,025,403 |
| Total Program Service Revenue | $0 |
| Investment income | $434,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $330,068 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $20,840 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,810,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $848,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,449,750 |
| Compensation of current officers, directors, key employees. | $1,330,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,427,826 |
| Pension plan accruals and contributions | $413,152 |
| Other employee benefits | $1,083,865 |
| Payroll taxes | $1,238,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,410 |
| Fees for services: Accounting | $114,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,226,528 |
| Advertising and promotion | $210,209 |
| Office expenses | $207,089 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,480,214 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $404,909 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,227 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $28,199,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,269,046 |
| Savings and temporary cash investments | $4,047,164 |
| Pledges and grants receivable | $3,835,326 |
| Accounts receivable, net | $279,734 |
| 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 | $338,657 |
| Net Land, buildings, and equipment | $43,899 |
| Investments—publicly traded securities | $9,764,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,300 |
| Total assets | $21,581,870 |
| Accounts payable and accrued expenses | $3,669,134 |
| Grants payable | $0 |
| Deferred revenue | $148,000 |
| 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 | $3,817,134 |
| Net assets without donor restrictions | $8,947,424 |
| Net assets with donor restrictions | $8,817,312 |
| 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 | $21,581,870 |