New Workforce Directions Inc

Organization Overview

New Workforce Directions Inc, operating under the name Madison Strategies Group, is located in Tulsa, OK. The organization was established in 2011. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Madison Strategies Group employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Strategies Group 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 12/2021, Madison Strategies Group generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 9.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MADISON STRATEGIES GROUP'S MISSION IS TO BUILD AND STRENGTHEN JOB SKILLS, SEE SCH "O"MADISON STRATEGIES GROUP'S MISSION IS TO BUILD AND STRENGTHEN THE TALENT AND SKILL OF THOSE JOB SEEKERS WE SERVE. WE EMPOWER JOB SEEKERS WITH THE ABILITY TO EFFECTIVELY MEET THE NEEDS OF OUR EMPLOYER PARTNERS. BY INVESTING AND ENGAGING IN INNOVATIVE SOLUTIONS AND PARTNERSHIPS, WE PROVIDE HOPE FOR THOSE WE SERVE, OUR BUSINESS PARTNERS, AND THE COMMUNITY AT LARGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MADISON STRATEGIES GROUP'S MISSION IS TO BUILD AND STRENGTHEN JOB SKILLS, SEE SCHEDULE "O" FOR DETAIL.MADISON STRATEGIES GROUP OPERATES MULTIPLE WORKFORCE DEVELOPMENT PROGRAMS IN TULSA THAT PROVIDE UNDERSERVED RESIDENTS WITH NO-COST EDUCATION, EMPLOYMENT, AND ADVANCEMENT OPPORTUNITIES THAT LEAD TO GREATER FINANCIAL SECURITY AND ECONOMIC SELF-SUFFICIENCY. MSG'S FLAGSHIP PROGRAM, TULSA COMMUNITY WORKADVANCE, IS A UNIQUE, SECTOR-BASED, DUAL-CUSTOMER WORKFORCE MODEL THAT HAS BEEN PROVEN TO WORK THROUGH A NATIONAL RESEARCH STUDY. THE INNOVATIVE WORKADVANCE MODEL COMBINES NO-COST, CUSTOMIZED TECHNICAL TRAINING AND PLACEMENT SERVICES WITH EXTENSIVE CAREER ADVISING AND SOFT SKILLS TRAINING TO HELP LOW-INCOME INDIVIDUALS RISE OUT OF POVERTY WHILE MEETING THE NEEDS OF BUSINESSES IN HIGH-DEMAND SECTORS. WORKFORCE AND CAREER NEEDS CONTINUE TO ARISE FOR LOW-INCOME, UNDEREMPLOYED AND UNEMPLOYED POPULATIONS THROUGHOUT TULSA. IN RESPONSE, MSG HAS DEVELOPED AND LAUNCHED MULTIPLE NEW PROGRAMS FOCUSED ON SERVING TARGETED RESIDENTS WITH TRAINING, PLACEMENT, AND CAREER COACHING SERVICES TO INCREASE THEIR ECONOMIC MOBILITY AND TO CREATE A PIPELINE OF INDIVIDUALS FOR MORE ADVANCED TRAINING PROGRAMS LIKE WORKADVANCE. THIS INCLUDES VULNERABLE POPULATIONS AND DEMOGRAPHIC GROUPS LIKE YOUNG ADULTS AGED 18-24 SERVED IN OUR NEXTUP PROGRAM, PUBLIC HOUSING RESIDENTS SERVED THROUGH THE JOBSFIRST PROGRAM, RESIDENTS IN THE HISTORICALLY UNDERSERVED AREA OF NORTH TULSA THROUGH THE DUE NORTH PROGRAM, AND PARENTS AND HOUSEHOLDS WITH SMALL CHILDREN IN THE CAREER CONNECTION PROGRAM.NEW INITIATIVES IN 2021 INCLUDE RETRAIN TULSA SERVING RESIDENTS AND BUSINESSES AFFECTED BY COVID-19 AND A PILOT PROJECT WITH THE CENTER FOR ECONOMIC OPPORTUNITY (CEO) AND MSG'S WORKADVANCE PROGRAM TO LEVERAGE RESOURCES AND STIPENDS TO UPSKILL THOSE RECENTLY RELEASED FROM INCARCERATION AND PREPARE THEM FOR QUALITY CAREERS. IN 2021, MSG SERVED OVER 800 INDIVIDUALS WITH CAREER READINESS TRAINING, JOB PLACEMENT, ADVANCED TRAINING, AND CAREER ADVANCEMENT SERVICES, INCLUDING FINANCIAL COACHING. OVER 220 OF MSG'S CUSTOMERS SECURED NEW JOBS IN 2021, EARNING AN AVERAGE OF 25% MORE IN INCOME AFTER OUR TRAINING AND SERVICES. AS OUR ECONOMY AND WORKFORCE CONTINUE TO CHANGE, WE ARE FOCUSED ON TRAINING AND PREPARING PEOPLE FOR JOBS OF THE FUTURE AND TECHNOLOGY-BASED JOBS. MSG IS WELL-POSITIONED TO RESPOND AND ENSURE THAT INDIVIDUALS IN OUR COMMUNITY ARE TRAINED AND PLACED INTO GREAT CAREERS THAT PROVIDE BUSINESSES WITH SKILLED WORKERS."


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Board, Officers & Key Employees

Name (title)Compensation
Karen Pennington
Executive Director
$156,192
John Goldman
Chairman
$0
Richard Stricof
Treasurer
$0
Channing Stave
Secretary
$0
Terryln Smock
Director
$0
Mary Smith Crofts
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bw Industries Inc Shift3 Technologies
Website & Data Consulting
$208,605
Arrowhead Consulting Llc
Project Management & Training Consulting
$305,088
Family & Children's Services Inc
Mental Health & Family Support
$143,470
Tulsa Technology Center
Training & Training Coordination
$102,631
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,196,204
All other contributions, gifts, grants, and similar amounts not included above$1,819,135
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,015,339
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 $5,015,339

Grants Recieved

Over the last fiscal year, we have identified 13 grants that New Workforce Directions Inc has recieved totaling $1,318,131.

Awarding OrganizationAmount
George Kaiser Family Foundation

Tulsa, OK

PURPOSE: General Operations Tulsa Work Advance

$525,000
Tulsa Community Foundation

Tulsa, OK

PURPOSE: GENERAL OPERATIONS

$321,832
George Kaiser Family Foundation

Tulsa, OK

PURPOSE: DueNorth,NextUp,General Oper.

$175,000
Tulsa Area United Way

Tulsa, OK

PURPOSE: FINANCIAL STABILITY

$150,000
George Kaiser Family Foundation

Tulsa, OK

PURPOSE: COVID-19 Emergency Response

$50,000
George Kaiser Family Foundation

Tulsa, OK

PURPOSE: BEST - Tulsa Workadvance-Date Capacity

$38,000
View Grant Recipient Profile

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