The Training Source Inc

Organization Overview

The Training Source Inc is located in Seat Pleasant, MD. The organization was established in 1994. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Training Source Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Training Source 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 12/2021, Training Source Inc generated $770.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $620.6k during the year ending 12/2021. 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

PROVIDE EDUCATION, TRAINING & SERVICES THAT PROMOTE POSITIVE ECONOMIC MOBILITY. OUR PROGRAMS & SERVICES IN THE MARYLAND AND WASHINGTON, DC AREA ASSIST LOW-TO-MODERATE INCOME YOUTH & ADULTS & INCLUDE WORKFORCE TRAINING, COLLEGE & CAREER PLANNING,COMMUNITY & EMPLOYER SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OFFICE & PROFESSIONAL SKILLS TRAINING WITH JOB PLACEMENT ASSISTANCE AND FOLLOW-UP SERVICES; SUMMER YOUTH JOB READINESS TRAINING; YOUTH LEADERSHIP PROGRAM; SNAP APPLICATION ASSISTANCE, FREE PROFESSIONAL CLOTHING.


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Board, Officers & Key Employees

Name (title)Compensation
Evelyn Kim Rhim
Executive Director
$125,530
Heather Deacon
Secretary
$0
Perry Foreman
Chair
$0
Michael Russell
Treasurer
$0
Carolyn Fleming-Williams
Vice-Chair
$0
Sherri Bryant-Moore
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$1,195
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $509,036
All other contributions, gifts, grants, and similar amounts not included above$184,446
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$694,677
Total Program Service Revenue$28,296
Investment income $37,594
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,759
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $770,326

Grants Recieved

Over the last fiscal year, we have identified 7 grants that The Training Source Inc has recieved totaling $135,426.

Awarding OrganizationAmount
Morris And Gwendolyn Cafritz Foundation

Washington, DC

PURPOSE: COMMUNITY SERVICE

$35,000
Venture Philanthropy Partners Inc

Washington, DC

PURPOSE: FUND INITIATIVES

$25,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$25,000
Greater Washington Community Foundation

Washington, DC

PURPOSE: GENERAL SUPPORT

$20,000
William S Abell Foundation Inc

Chevy Chase, MD

PURPOSE: INTELLECTUAL DISABILTIIES GRANT

$20,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$10,298
View Grant Recipient Profile

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