Workforce Development Board Of Western Mo Inc
- Assets
- $285.9k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Sedalia, MO
- Founding
- 08/1985
- Data as of
- 06/2022
- EIN
- 43-1351361
Organization Overview
Workforce Development Board Of Western Mo Inc is located in Sedalia, MO. The organization was established in 1985. 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, Workforce Development Board Of Western MO Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workforce Development Board Of Western MO 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, Workforce Development Board Of Western MO Inc generated $1.5m 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 $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
THE WORKFORCE DEVELOPMENT BOARD OF WESTERN MISSOURI, INC. PROVIDES EMPLOYMENT TRAINING PROGRAMS FOR LAID-OFF AND ECONOMICALLY DISADVANTAGED WORKERS WITH PROGRAM COORDINATION THROUGH BUSINESS AND INDUSTRY. THE COUNTIES IN MISSOURI THAT ARE SERVED INCLUE BATES, BENTON, CARROLL, CEDAR, CHARITON, HENRY, HICKORY, JOHNSON, LAFAYETTE, PETTIS, SALINE, ST CLAIR AND VERNON. THERE ARE THREE JOB CENTERS AND FOUR YOUTH-AT-WORK OFFICES LOCATED THROUGHOUT THE SERVICE AREA AND GEOGRAPHICALLY LOCATED SO CLIENTS ARE WITHIN A REASONABLE DRIVING DISTANCE. THE JOB CENTERS ARE LOCATED IN CLINTON, NEVADA AND SEDALIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORKFORCE DEVELOPMENT BOARD IS FUNDED PRIMARILY UNDER THE WORKFORCE INVESTMENT ACT, PL 105-220. THE ORGANIZATION ALSO RECEIVES STATE FUNDING FOR THEIR PROGRAM. THE WEST CENTERAL REGION SPANS THIRTEEN COUNTIES ENCOMPASSING OVER 9,000 SQUARE MILES, WITH A TOTAL POPULATION OF 256,000. THEIR MISSION IS TO ASSESS THE WORKFORCE NEEDS OF EMPLOYERS AND CLIENTS AND DEVELOP AND PROVIDE THE RESOURCES TO MEET THOSE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Blakenship Secretary | Officer | $0 | |
Tommy Hampton Vice Chair | Officer | $0 | |
Laura Wallen Treasurer | Officer | $0 | |
Chris Connell Chairperson | Officer | $0 | |
Tami Green 2nd Vice Cha | Officer | $0 | |
Alan Ayres Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,470,385 |
| 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 | $1,470,385 |
| Total Program Service Revenue | $0 |
| Investment income | -$2,606 |
| 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 | $1,468,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $565,238 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $587,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,245 |
| Travel | $7,246 |
| 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 | $6,051 |
| Insurance | $8,758 |
| All other expenses | $9,074 |
| Total functional expenses | $1,476,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $190,717 |
| 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 | $6,743 |
| Net Land, buildings, and equipment | $11,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $285,897 |
| Accounts payable and accrued expenses | $122,450 |
| Grants payable | $0 |
| Deferred revenue | $12,373 |
| 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 | $11,068 |
| Total liabilities | $145,891 |
| Net assets without donor restrictions | $140,006 |
| 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 | $285,897 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Community Capital Corporation Nashville, TN | $264,396,878 | $22,555,455 |
Chicago Urban League Chicago, IL | $6,767,284 | $15,691,423 |
Cara Program Chicago, IL | $15,165,260 | $11,673,454 |
Northern Middle Tennessee Local Workforce Development Board Inc Clarksville, TN | $2,905,431 | $10,764,896 |
Workforce Essentials Inc Clarksville, TN | $30,139,027 | $9,106,360 |
The Mission Continues Saint Louis, MO | $10,410,766 | $11,093,875 |
Workforce Alliance Of South Central Kansas Inc Wichita, KS | $1,360,874 | $7,220,888 |
Mayors Youth Empowerment Program Iowa City, IA | $6,304,962 | $7,071,387 |
Comptia Tech Career Academy Downers Grove, IL | $2,728,852 | $5,424,881 |
Proteus Inc Des Moines, IA | $1,359,202 | $6,864,690 |
United Workforce Development Board Inc Pekin, IL | $714,374 | $6,448,841 |
Local Workforce Investment Area Iii Inc Lenexa, KS | $530,275 | $5,852,812 |