Central Oklahoma Workforce Investment Board Inc
- Assets
- $3.4m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 132
- Location
- Oklahoma City, OK
- Founding
- 02/2006
- Data as of
- 06/2022
- EIN
- 20-2127210
Organization Overview
Central Oklahoma Workforce Investment Board Inc is located in Oklahoma City, OK. The organization was established in 2006. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Central Oklahoma Workforce Investment Board Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Oklahoma Workforce Investment Board Inc 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, Central Oklahoma Workforce Investment Board Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $9.6m during the year ending 06/2022. While expenses have increased by 8.6% 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
TO ADVANCE ECONOMIC DEVELOPMENT IN CENTRAL OKLAHOMA BY LEADING A DEMAND DRIVEN WORKFORCE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED 2,408 CUSTOMERS, INCLUDING 414 NEW ENROLLMENTS FOR THE YEAR. PLACED 209 IN OCCUPATIONAL SKILLS TRAINING, 42 IN ON-THE-JOB TRAINING AND 8 IN REGISTERED APPRENTICESHIPS. 65.5% OF CLIENTS EARNED A RECOGNIZED CREDENTIAL. OF THOSE WHO GRADUATED THE PROGRAM 66.7% WERE STILL EMPLOYED AFTER 2 QUARTERS AFTER EXIT AND 67% WERE EMPLOYED 4 QUARTERS AFTER GRADUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Sellers Executive Director | Officer | 40 | $104,565 |
Richard Brown Chair | OfficerTrustee | 1 | $0 |
Darci Williams Vice Chair | OfficerTrustee | 1 | $0 |
Theresa Stewart Vice Chair | OfficerTrustee | 1 | $0 |
Mike Goza Director | Trustee | 1 | $0 |
Kenny Mcdonald Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
P S Hamilton Associates Llc Program Svc.provider | 6/29/18 | $159,000 |
Dynamic Workforce Solutions Program Svc.provider | 6/29/18 | $3,431,650 |
Rescare Workforce Services Program Svc.provider | 6/29/18 | $1,124,918 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,947,439 |
| All other contributions, gifts, grants, and similar amounts not included above | $368,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,316,235 |
| 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 | $10,316,235 |
| 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. | $89,806 |
| Compensation of current officers, directors, key employees. | $8,981 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,171,348 |
| Pension plan accruals and contributions | $46,370 |
| Other employee benefits | $178,258 |
| Payroll taxes | $91,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,363 |
| Office expenses | $70,759 |
| Information technology | $48,043 |
| Royalties | $0 |
| Occupancy | $399,055 |
| Travel | $135,666 |
| 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 | $0 |
| Insurance | $46,926 |
| All other expenses | $0 |
| Total functional expenses | $9,609,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,723,611 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,697,336 |
| 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 | $3,420,947 |
| Accounts payable and accrued expenses | $2,617,569 |
| 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 | $2,617,569 |
| Net assets without donor restrictions | $803,378 |
| 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 | $3,420,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Wichita Convention & Tourism Bureau Wichita, KS | $3,697,930 | $5,439,635 |
South Central Kansas Economic Development District Inc Sckedd Bel Aire, KS | $6,963,572 | $7,360,259 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |