Suncoast Workforce Board Inc
- Assets
- $1.1m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 133
- Location
- Sarasota, FL
- Founding
- 05/1984
- Data as of
- 06/2022
- EIN
- 59-2334811
Organization Overview
Suncoast Workforce Board Inc, operating under the name Careersource Suncoast, is located in Sarasota, FL. The organization was established in 1984. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Careersource Suncoast employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careersource Suncoast 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, Careersource Suncoast generated $7.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) 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 ORGANIZATION'S MISSION IS TO RECRUIT, TRAIN, AND RETAIN TALENT FOR EMPLOYERS ON THE SUNCOAST OF FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) PROGRAM - WIOA PROGRAMS PROVIDE YOUTH ADULTS AND DISLOCATED WORKERS WITH THE INFORMATION, ADVICE AND JOB SEARCH ASSISTANCE AND TRAINING THEY NEED TO GET AND KEEP GOOD JOBS AND PROVIDE EMPLOYERS WITH SKILLED WORKERS. THE ADULT PROGRAM PROVIDES TRAINING AND SUPPORT TO ECONOMICALLY DISADVANTAGED PERSONS AGED 22 AND OLDER. THE DISLOCATED WORKER PROGRAM FOCUSES ON PARTICIPANTS THAT HAVE BEEN LAID OFF AND ARE UNLIKELY TO RETURN TO THEIR FORMER OCCUPATION. THE NUMBER OF PARTICIPANTS SERVED IN THE ADULT AND DISLOCATED WORKER PROGRAMS DURING THE YEAR WAS 176. THE YOUTH PROGRAM SERVES PARTICIPANTS AGES 16-21 WO HAVE BARRIERS TO OBTAINING EMPLOYMENT. 33 YOUTH PARTICIPANTS WERE SERVED DURING THE FISCAL YEAR.
WELFARE TRANSITION PROGRAM - THIS PROGRAM FUNDED BY THE DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANT, TEMPORARY ASSISTANTS FOR NEEDY FAMILIES, IS DESIGNED TO EMPHASIZE WORK, SELF-SUFFICIENCY, AND PERSONAL RESPONSIBILITY FOR WELFARE RECIPIENTS AND TO ENABLE THEM TO MOVE FROM WELFARE TO WORK. 418 PARTICIPANTS WERE SERVED DURING THE YEAR AND 74 PARTICIPANTS WERE SUCCESSFULLY EMPLOYED.
EMPLOYMENT SERVICE PROGRAMS - THESE PROGRAMS INCLUDE WAGNER PEYSER AND VETERANS SERVICES. WAGNER PEYSER PROGRAMS ARE DESIGNED TO IMPROVE THE FUNCTIONING OF THE NATION'S LABOR MARKET BY BRINGING TOGETHER INDIVIDUALS WHO ARE SEEKING EMPLOYMENT WITH THE EMPLOYERS WHO ARE SEEKING WORKERS. THE PROGRAM INCLUDES RECRUITMENT, REFERRALS, ASSESSMENTS AND COACHING, JOB FAIRS AND A MOBILE CAREER OPPORTUNITY WHICH OFFERS THE SAME SERVICES TO AREAS OUTSIDE OF LOCAL TRANSPORTATION AREAS. VETERANS PROGRAMS ARE USED TO PROVIDE JOB DEVELOPMENT, PLACEMENT AND SUPPORT SERVICES FOR DISABLED AND OTHER VETERANS AND TO PROVIDE OUTREACH TO VETERANS THROUGH COMMUNITY AGENCIES AND ORGANIZATIONS. TOTAL PERSONS SERVED DURING THE YEAR UNDER THESE PROGRAMS WAS 6,853. 769 PERSONS WERE PLACED IN EMPLOYMENT.
OTHER EMPLOYMENT RELATED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Ehrlichman CEO Until February 2022 | Officer | 45 | $143,541 |
Joshua Matlock CEO As Of February 2022 | Officer | 45 | $112,875 |
Robin Dawson Chief Financial & Administrative Officer | Officer | 45 | $110,911 |
Kathleen Bouchard Chief Talent Officer | Officer | 45 | $97,326 |
Anthony Gagliano COO As Of February 2022 | Officer | 45 | $89,143 |
Eric Troyer Board Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,833,438 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,897,972 |
| Total Program Service Revenue | $155,609 |
| Investment income | $1,635 |
| 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 | $7,055,216 |
| 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. | $628,945 |
| Compensation of current officers, directors, key employees. | $262,904 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,669,001 |
| Pension plan accruals and contributions | $153,062 |
| Other employee benefits | $487,311 |
| Payroll taxes | $240,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $66,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,333 |
| Advertising and promotion | $0 |
| Office expenses | $60,902 |
| Information technology | $244,669 |
| Royalties | $0 |
| Occupancy | $628,473 |
| Travel | $9,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,205 |
| Interest | $257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,590 |
| Insurance | $56,067 |
| All other expenses | $0 |
| Total functional expenses | $6,936,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $770,028 |
| Savings and temporary cash investments | $337,244 |
| Pledges and grants receivable | $35,335 |
| Accounts receivable, net | $1,264 |
| 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 | $1,491 |
| Net Land, buildings, and equipment | $2,590 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,147,952 |
| Accounts payable and accrued expenses | $386,002 |
| Grants payable | $0 |
| Deferred revenue | $217,392 |
| 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 | $603,394 |
| Net assets without donor restrictions | $544,558 |
| 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 | $1,147,952 |
Grants Awarded
Over the last fiscal year, Suncoast Workforce Board Inc has awarded $29,636 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Palmetto, FL PURPOSE: ACADEMIC ASSESSMENT/TUTORING/REMEDIATION, CAREER ASSESSMENT/PLANNING & WORK READINESS TRAINING FOR A SUMMER YOUTH PROGRAM IN PALMETTO/MANATEE AREA. | $18,236 |
Laurel, FL PURPOSE: ACADEMIC ASSESSMENT/TUTORING/REMEDIATION, CAREER ASSESSMENT/PLANNING & WORK READINESS TRAINING FOR A SUMMER YOUTH PROGRAM IN SOUTH SARASOTA COUNTY. | $11,400 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Suncoast Workforce Board Inc has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
United Way Suncoast Inc Tampa, FL PURPOSE: ALLOCATIONS, DESIGNATIONS, DISASTER RELIEF RESPONSE, GRANTS & PROGRAM IMPACT FUNDING | $50,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Construction Education Research Alachua, FL | $48,124,151 | $16,889,028 |
University Of North Florida Training & Services Institute Inc Jacksonville, FL | $18,311,488 | $14,553,681 |
Black Smith Multi-Media Inc Montgomery, AL | $10,013,648 | $10,013,648 |
Pasco-Hernando Workforce Board Inc New Port Richey, FL | $2,232,654 | $8,486,038 |
Polk County Workforce Development Board Inc Bartow, FL | $2,112,904 | $7,478,002 |
Workforce Dev Bd Of The Tres Coast Port St Lucie, FL | $4,273,478 | $6,937,446 |
Suncoast Workforce Board Inc Sarasota, FL | $1,147,952 | $7,055,216 |
Cobbworks Inc Marietta, GA | $1,042,645 | $6,034,938 |
Greater Miami Service Corps Miami, FL | $1,495,856 | $5,833,031 |
National Center For Housing Management Jacksonville, FL | $7,536,545 | $5,299,102 |
Atlanta Electrical Joint Apprenticeship & Training Committe Norcross, GA | $3,550,323 | $3,191,649 |
Southeastern Carpenters Training Trust Martinez, GA | $13,939,872 | $4,338,311 |