Southwest Ohio Region Workforce Investment Board
- Assets
- $1.1m
- Revenue
- $702.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Cincinnati, OH
- Founding
- 06/2004
- Data as of
- 06/2022
- EIN
- 30-0252370
Organization Overview
Southwest Ohio Region Workforce Investment Board is located in Cincinnati, OH. The organization was established in 2004. 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 06/2022, Southwest Ohio Region Workforce Investment Board employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Ohio Region Workforce Investment 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, Southwest Ohio Region Workforce Investment Board generated $702.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $704.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. 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
DEDICATED TO PROVIDING EMPLOYERS WITH A PREPARED WORKFORCE BY CONNECTING JOB-SEEKING CUSTOMERS TO OPPORTUNITIES THAT BUILD THEIR CAREER READINESSS, THEREBY CONTRIBUTING TO THE GROWTH OF OUR COMMUNITY AND REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE STOP OPERATIONS: USING FEDERAL GRANT FUNDS FROM THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) OF 2014 (WHICH REPLACED THE PREVIOUS WORKFORCE INVESTMENT ACT OF 1998), THE ORGANIZATION PROVIDES OVERSIGHT FOR OHIO MEANS JOBS (OMJ), THE ONE-STOP CENTER EXISTS TO HELP LOCAL JOB SEEKERS OBTAIN NECESSARY SKILLS TO SECURE EMPLOYMENT AND ASSIST LOCAL BUSINESSES IN FINDING EMPLOYEES WITH THE SKILL SET THEY NEED. THE AREA RECEIVED A STANDARD FEDERAL ALLOCATION BASED ON STATE OF OHIO ALLOCATION POLICY AND SERVED 3,265 INDIVIDUALS THROUGH THE OMJ CENTER AND ITS NETWORK OF PARTNERS. THESE OUTCOMES ALSO INCLUDE 304 INDIVIDUALS PROVIDED WITH GRANT FUNDS FOR IN-DEMAND CAREER TRAINING PROGRAMS. RESULTS ALSO INCLUDE 80% OF ADULTS/DISLOCATED WORKERS OBTAINING EMPLOYMENT AND 314 EMPLOYERS SERVED.
YOUTH: THIS PROGRAM USES FUNDS IN A STATEWIDE, INTEGRATED PROGRAM CALLED, COMPREHENSIVE CASE MANAGEMENT AND EMPLOYMENT PROGRAM (CCMEP). CCMEP LEVERAGES TRANSITIONAL ASSISTANCE FOR NEEDY FAMILIES (TANF) AND WIOA FUNDING TO SERVE 14-24 YEAR OLD YOUTH WITH COMPREHENSIVE EMPLOYMENT, EDUCATION, AND TRANING SERVICES, TO IMPROVE THEIR WORK READINESS AND COLLEGE READINESS CAPABILITIES, AS WELL AS PROVIDING TREATMENT AND CASE MANAGEMENT FOR A VARIETY OF IMPEDIMENTS TO THEIR WORKFORCE SUCCESS. SERVICES ARE PROVIDED BY THREE ORGANIZATIONS - TWO FOR OUT-OF-SCHOOL YOUTH AND ONE FOR IN-SCHOOL YOUTH. COMBINED, THESE TANF AND WIOA PROGRAMS SERVICED OVER 1,700 YOUTH/YOUNG ADULTS WITH 975 OBTAINING EMPLOYMENT.
ADULT/SPECIAL GRANTS/ADMINISTRATION/DISLOCATED WORKERS/EMPLOYER SERVICES: IN THIS FISCAL YEAR, THE ORGANIZATION ADMINISTERED SPECIAL GRANTS FOR SEVERAL EFFORTS, INCLUDING THE NATIONAL EMERGENCY GRANT (NEG)/NATIONAL DISLOCATED WORKER (NDW) GRANT, PROVIDED IN RESPONSE TO THE COVID-19 PANDEMIC. ADDITIONALLY, THE ORGANIZATION ASSISTED WITH APPLYING WITH OTHER ENTITIES AND/OR PROVIDING LETTERS OF SUPPORT, TO BRING ADDITIONAL RESOURCES INTO THE CINCINNATI/HAMILTON COUNTY SERVICE AREA FOR PUBLIC HOUSING RESIDENTS AND OTHERS, AS WELL AS SERVING THOSE AFFECTED BY OPIOID ADDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Uche Agomuo Board Member | Trustee | 1 | $0 |
Margaret Albert Board Member | Trustee | 1 | $0 |
Jackie Alf Board Member | Trustee | 1 | $0 |
Hope Arthur Board Member | Trustee | 1 | $0 |
Michael Beck Board Member | Trustee | 1 | $0 |
Heath Boucher Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $694,524 |
| 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 | $694,524 |
| Total Program Service Revenue | $0 |
| Investment income | $3,713 |
| 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 | $702,373 |
| 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. | $175,966 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,070 |
| Fees for services: Accounting | $50,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,412 |
| Advertising and promotion | $60,896 |
| Office expenses | $47,912 |
| Information technology | $11,675 |
| Royalties | $0 |
| Occupancy | $194,749 |
| Travel | $16,487 |
| 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 | $13,669 |
| All other expenses | $0 |
| Total functional expenses | $704,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,781 |
| Savings and temporary cash investments | $456,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,170 |
| 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 | $21,416 |
| 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 | $1,083,537 |
| Accounts payable and accrued expenses | $64,820 |
| 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 | $64,820 |
| Net assets without donor restrictions | $1,018,717 |
| 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 | $1,083,537 |