Heart Of Texas Workforce Development Board Inc
- Assets
- $2.0m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Waco, TX
- Founding
- 10/2008
- Data as of
- 09/2021
- EIN
- 26-3026020
Organization Overview
Heart Of Texas Workforce Development Board Inc is located in Waco, TX. The organization was established in 2008. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, 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. Heart Of Texas Workforce Development 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 09/2021, Heart Of Texas Workforce Development Board Inc generated $17.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $17.7m during the year ending 09/2021. While expenses have increased by 6.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMITMENT TO IMPROVING THE SKILLS AND KNOWLEDGE OF OUR LABOR FORCE AND ASSISTING EMPLOYERS IN OBTAINING THE MOST QUALIFIED APPLICANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE SERVICES ARE USED TO ACCOUNT FOR FEDERAL AND STATE GRANTS AWARDED TO ASSIST INDIVIDUALS WITH CHILD CARE.
TEMPORARY ASSISTANCE FOR NEEDY FAMILIES IS USED TO ACCOUNT FOR FEDERAL AND STATE GRANTS AWARDED TO PROVIDE NEEDY FAMILIES WITH ASSISTANCE, INCLUDING EMPLOYMENT SERVICES.
DISLOCATED WORKERS SERVICE
OTHER GOVERNMENTAL FUNDS ACCOUNT FOR NONMAJOR GOVERNMENTAL FUNDS CONSISTING OF ELEVEN SMALL FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Billings Executive Director | Officer | 40 | $139,075 |
Shirley Crockett Treasurer | OfficerTrustee | 1 | $0 |
Keith Stanford At-Large Member | OfficerTrustee | 1 | $0 |
Norman Conner Past Chair | OfficerTrustee | 1 | $0 |
Paige Key Past Chair | OfficerTrustee | 1 | $0 |
David Fowler Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Child Care Group Child Care Provider | 9/29/21 | $11,682,719 |
Education Service Center Region 12 Fiscal & Payroll Services | 9/29/21 | $1,261,766 |
Communities In Schools Dropout Prevention | 9/29/21 | $697,747 |
Unique Employment Ltd Employment Services | 9/29/21 | $1,255,989 |
Cect Workforce Solutions Llc Employment Services | 9/29/21 | $659,578 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,308,079 |
| 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 | $17,308,079 |
| Total Program Service Revenue | $380,214 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $195 |
| 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 | $17,688,488 |
| 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. | $139,075 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $150,160 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,634 |
| Office expenses | $51,904 |
| Information technology | $392,843 |
| Royalties | $0 |
| Occupancy | $659,443 |
| Travel | $11,657 |
| 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 | $26,497 |
| Insurance | $18,133 |
| All other expenses | $241,702 |
| Total functional expenses | $17,713,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,321 |
| 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 | $20,516 |
| Net Land, buildings, and equipment | $125,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,582,107 |
| Total assets | $2,034,664 |
| Accounts payable and accrued expenses | $1,493,510 |
| Grants payable | $0 |
| Deferred revenue | $116,252 |
| 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 | $23,160 |
| Total liabilities | $1,632,922 |
| Net assets without donor restrictions | $401,742 |
| 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 | $2,034,664 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Workforce Solutions Borderplex Inc El Paso, TX | $5,306,845 | $45,990,076 |
Cameron Works Inc Brownsville, TX | $2,787,280 | $31,592,177 |
Ser-Jobs For Progress National Inc Irving, TX | $3,318,902 | $28,571,341 |
Central Texas Workforce Development Board Inc Belton, TX | $2,941,499 | $26,810,253 |
Heart Of Texas Workforce Development Board Inc Waco, TX | $2,034,664 | $17,688,488 |
North East Texas Workforce Development Board Inc Wake Village, TX | $1,257,688 | $15,473,387 |
Ser-Jobs For Progress Of The Texas Gulf Coast Inc Houston, TX | $10,211,758 | $9,239,776 |
Career And Recovery Resources Inc Houston, TX | $5,635,776 | $6,972,805 |
Southern Workforce Board Incorporated Durant, OK | $1,369,194 | $5,313,142 |
Relief Enterprise Of Texas Inc Austin, TX | $1,282,942 | $4,965,380 |
Northern Area Local Workforce Development Board Santa Fe, NM | $314,154 | $4,682,823 |
Workforce Development Board Sda-83 Inc Monroe, LA | $677,025 | $2,980,053 |