Workplace Technology Foundation
- Assets
- $212.4k
- Revenue
- $623.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 23-3100879
Organization Overview
Workplace Technology Foundation is located in Philadelphia, PA. The organization was established in 2002. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workplace Technology Foundation 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 12/2023, Workplace Technology Foundation generated $623.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $622.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES MADE TO REVERSE THE RATE OF UNEMPLOYMENT FOR PEOPLE WITH DISABILITIES. THIS IS DONE THROUGH SCHOLARSHIPS FOR PEOPLE WITH DISABILITIES TO OBTAIN COMPETITIVE EMPLOYMENT SKILLS, SUPPORTING RELEVANT RESEARCH ON ACCESSIBLE TECHNOLOGY IN THE WORKPLACE AND PUBLISHING AND PRESENTING FINDINGS THAT SUPPORT PROFESSIONAL AWARENESS OF BEST PRACTICES
THE SIERRA GROUP FOUNDATION ACADEMY IS A TRAINING SCHOOL FOR ADULTS WITH DISABILITIES, INCLUDING VETERANS, THAT CAPITALIZES ON THE RIGHT COMBINATION OF SKILLS TRAINING, ASSISTIVE TECHNOLOGY AND EMPLOYER CONNECTIONS TO MAKE OUR JOB SEEKERS COMPETITIVE IN TODAY'S MARKETPLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Hampton Academic Coordinat | 40 | $55,000 | |
Louise Clarke Admin Assistant | 40 | $55,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $493 |
| Interest on Savings | $31 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $623,373 |
| Total Revenue | $623,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $144,293 |
| Other employee salaries and wages | $48,491 |
| Pension plans, employee benefits | $1,708 |
| Interest | $15,108 |
| Taxes | $13,358 |
| Depreciation | $0 |
| Occupancy | $40,898 |
| Travel, conferences, and meetings | $5,022 |
| Printing and publications | $0 |
| Other expenses | $199,638 |
| Total operating and administrative expenses | $616,771 |
| Contributions, gifts, grants paid | $6,131 |
| Total expenses and disbursements | $622,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $105,671 |
| Net Accounts receivable | $92,614 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,129 |
| Total assets | $212,414 |
| Accounts payable and accrued expenses | $142,322 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $53,290 |
| Other liabilities | $11,224 |
| Total liabilities | $206,836 |
Grants Awarded
Over the last fiscal year, Workplace Technology Foundation has awarded $14,647 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PENNSYLVANIA REHABILITATION ASSOC PURPOSE: SPONSOR 10 STUDENTS | $200 |
SEE ATTACHED PURPOSE: SEE ATTACHED | $14,447 |