The Workforce Investment Board Of The City Of Los Angeles
- Assets
- $259.0k
- Revenue
- $135.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1985
- Data as of
- 06/2021
- EIN
- 95-3955892
Organization Overview
The Workforce Investment Board Of The City Of Los Angeles is located in Los Angeles, CA. The organization was established in 1985. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workforce Investment Board Of The City Of Los Angeles 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 06/2021, Workforce Investment Board Of The City Of Los Angeles generated $135.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $53.0 during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (79.4%) per year over the past 6 years. 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
THE WORKFORCE INVESTMENT BOARD PROMOTES WORKFORCE DEVELOPMENT ACTIVITIES WHICH CONNECT LOS ANGELES JOBSEEKERS AND YOUTH TO TRAINING, WORKFORCE PREPAREDNESS AND EMPLOYMENT OPPORTUNITIES. FACILITATES PLACING YOUTH INTO PRIVATE,
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIRE LAS YOUTH IS A PROGRAM DEDICATED TO PUTTING YOUNG ADULTS TO WORK, ENSURING THEY HAVE "FIRST TIME" JOB EXPERIENCE THAT WILL SET THEM ON THE PATH OF LIFETIME EARNERS. THIS YEAR, WE ARE COMMITED TO PROVIDING 15,000 JOBS FOR YOUNG PEOPLE AGES 14 TO 24 WHO LIVE IN THE CITY OF LOS ANGELES. YOUTH ARE RECRUITED THROUGH LOCAL SCHOOLS,THE CITYS WORKFORCE DEVELOPMENT SYSTEM, THE COMMUNITY COLLEGE DISTRICT,COMMUNITY ORGANIZATIONS. IN PREPARATION FOR JOB PLACEMENT, YOUTH ARE GIVEN THE OPPORTUNITY TO EARN A WORK READINESS CERTIFICATE ENDORSED BY THE LA AREA CHAMBER OF COMMERCE, THE CITY WORKFORCE INVESTMENT BOARD, AND THE PROFESSIONALS IN HUMAN RESOURCES ASSOCIATION (PIHRA).
HIRE LAS YOUTH IS A PROGRAM DEDICATED TO PUTTING YOUNG ADULTS TO WORK, ENSURING THEY HAVE "FIRST TIME" JOB EXPERIENCE THAT WILL SET THEM ON THE PATH OF LIFETIME EARNERS. THIS YEAR, WE ARE COMMITED TO PROVIDING 15,000 JOBS FOR YOUNG PEOPLE AGES 14 TO 24 WHO LIVE IN THE CITY OF LOS ANGELES. YOUTH ARE RECRUITED THROUGH LOCAL SCHOOLS,THE CITYS WORKFORCE DEVELOPMENT SYSTEM, THE COMMUNITY COLLEGE DISTRICT,COMMUNITY ORGANIZATIONS. IN PREPARATION FOR JOB PLACEMENT, YOUTH ARE GIVEN THE OPPORTUNITY TO EARN A WORK READINESS CERTIFICATE ENDORSED BY THE LA AREA CHAMBER OF COMMERCE, THE CITY WORKFORCE INVESTMENT BOARD, AND THE PROFESSIONALS IN HUMAN RESOURCES ASSOCIATION (PIHRA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Gin Treasurer | OfficerTrustee | 2 | $0 |
Charles Woo Board Chair | OfficerTrustee | 3 | $0 |
Patricia Perez Secretary | OfficerTrustee | 3 | $0 |
Ruth Lopez Novodor Director | Trustee | $0 | |
David Crippens Director | Trustee | $0 | |
Miguel Cabral Member | Trustee | $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 | $135,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,000 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| 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 | $135,013 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $50 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $53 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,971 |
| Savings and temporary cash investments | $0 |
| 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 | $258,971 |
| 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 | $258,971 |
| Net assets with donor restrictions | $0 |
| 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 | $258,971 |
Grants Awarded
Over the last fiscal year, The Workforce Investment Board Of The City Of Los Angeles has awarded $673,235 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LOS ANGELES ECONOMIC & WORKFORCE DEVELOPMENT DEPARTMENT PURPOSE: HIRE LA's Youth SYEP | $645,635 |
Los Angeles, CA PURPOSE: HIRE LA's BofA Prog | $27,600 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Workforce Investment Board Of The City Of Los Angeles has recieved totaling $363,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $110,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $110,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $110,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $11,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $11,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Youth Corps Eugene, OR | $6,403,565 | $10,014,381 |
Uaw-Labor Employment And Training Corporation Cerritos, CA | $10,535,605 | $8,720,083 |
Willamette Workforce Partnership Salem, OR | $1,486,134 | $9,256,119 |
United Association Apprenticeship & Journeymen Training Trust Fund tualatin, OR | $28,112,501 | $12,316,712 |
Valley Consortium For Medical Education Modesto, CA | $6,722,315 | $8,901,688 |
Alliance For Workforce Development Inc Quincy, CA | $1,035,820 | $8,643,484 |
Oregon-Washington Carpenters Emplyr Apprenticeship Training Trust Fund Portland, OR | $25,539,386 | $9,684,142 |
Community Action Board Of Santa Cruz County Inc Watsonville, CA | $5,698,231 | $9,103,240 |
Willamette Carpenter Training Center Inc Portland, OR | $1,858,962 | $7,895,288 |
Workshops For Warriors Inc San Diego, CA | $7,296,588 | $8,821,074 |
California-Nev Elec Jnt Apprenshp & Trng Tr Fund Riverside, CA | $34,399,881 | $12,047,938 |
Northwest Community Alliance Inc Warrenton, OR | $2,699,453 | $7,044,339 |