Little Rock Workforce Development Board is located in Little Rock, AR. The organization was established in 2002. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Little Rock Workforce Development Board employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Rock Workforce Development Board 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 06/2022, Little Rock Workforce Development Board generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 11.8% per year over the past 6 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
THE ORGANIZATION IS RESPONSIBLE FOR ADMINISTERING AN INTEGRATED WORKFORCE DEVELOPMENT SYSTEM, INCLUDING TRAINING, EMPLOYMENT, & EMPLOYMENT-RELATED EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS RESPONSIBLE FOR ADMINISTERING AN INTEGRATED WORKFORCE DEVELOPMENT SYSTEM, INCLUDING JOB TRAINING, EMPLOYMENT, AND EMPLOYMENT-RELATED EDUCATIONAL PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Wj Monagle Executive Director | Officer | 40 | $77,991 |
Shannon Rast Office Manager | Officer | 40 | $61,142 |
Jo Keegan Member | Trustee | 1 | $0 |
Bryan Day Chairman | OfficerTrustee | 1 | $0 |
Kathy Fulks Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mark Bremer Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,192,579 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,192,579 |
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 | $3,192,579 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,147,772 |
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. | $156,026 |
Compensation of current officers, directors, key employees. | $29,538 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $278,274 |
Pension plan accruals and contributions | $16,980 |
Other employee benefits | $60,581 |
Payroll taxes | $14,973 |
Fees for services: Management | $2,409 |
Fees for services: Legal | $5,950 |
Fees for services: Accounting | $21,840 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $113,668 |
Advertising and promotion | $0 |
Office expenses | $8,826 |
Information technology | $3,701 |
Royalties | $0 |
Occupancy | $20,861 |
Travel | $8,722 |
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 | $3,861 |
Insurance | $7,047 |
All other expenses | $48,585 |
Total functional expenses | $3,368,493 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $125,399 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $321,633 |
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 | $3,754 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $450,786 |
Accounts payable and accrued expenses | $605,629 |
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 | $605,629 |
Net assets without donor restrictions | -$154,843 |
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 | $450,786 |