Polk County Workforce Development Board Inc
- Assets
- $2.1m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 286
- Location
- Bartow, FL
- Founding
- 04/1997
- Data as of
- 06/2022
- EIN
- 59-3385244
Organization Overview
Polk County Workforce Development Board Inc, operating under the name Careersource Polk, is located in Bartow, FL. The organization was established in 1997. 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 Polk employed 286 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careersource Polk 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 Polk generated $7.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $7.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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 PROVIDE JOB TRAINING, EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES FOR ADULTS AND DISADVANTAGED YOUTH, UTILIZING FUNDS RECEIVED UNDER THE U.S. DEPARTMENT OF LABOR AND HEALTH AND HUMAN SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) - THE WIOA PROGRAM PROVIDES YOUTH, ADULTS, AND DISLOCATED WORKERS WITH THE INFORMATION, ADVICE, TRAINING, AND JOB SEARCH ASSISTANCE THEY NEED TO GET AND KEEP GOOD JOBS. YOUTH BETWEEN THE AGES OF 16-21 RECEIVE EMPLOYMENT RELATED ACTIVITIES AND TRAINING, WHICH ARE CENTERED AROUND EMPLOYMENT AND CREDENTIALS. THE PROGRAM PROVIDES FOLLOW UP SERVICES FOR ONE YEAR TO ALL YOUTH WHO EXIT THE PROGRAM.
WELFARE TRANSITION SERVICES - WELFARE TRANSITION PROVIDES SERVICES DESIGNED TO EMPHASIZE WORK, SELF-SUFFICIENCY AND PERSONAL RESPONSIBILITY FOR WELFARE RECIPIENTS AND TO ENABLE THEM TO MOVE FROM WELFARE TO WORK.
RESEA - PROVIDES UNEMPLOYMENT AND REEMPLOYMMENT SERVICES TO ASSIT WORKERS WHO ARE ELIGIBLE FOR UNEMPLOYMENT BENEFITS TO REGAIN EMPLOYMENT
THE ORGANIZATION ALSO PROVIDES JOB DEVELOPMENT, TRAINING, OUTREACH AND SUPPORT SERVICES ARE PROVIDED TO VETERANS AND TRADE ADJUSTMENT SERVICES PROVIDE ADJUSTMENT ASSISTANCE TO QUALIFIED WORKERS ADVERSELY AFFECTED BY FOREIGN TRADE. WAGNER-PEYSER PROGRAMS BRING TOGETHER INDIVIDUALS WHO ARE SEEKING EMPLOYMENT WITH EMPLOYERS WHO ARE SEEKING WORKERS. SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (SNAP) - HOUSEHOLDS THAT ARE ELEGIBLE FOR SNAP EDUCATION AND TRAINING RECEIVE ASSISTANCE WITH EMPLOYMENT, TRAINING, AND WORK OPPORTUNITIES. SERVICES PROVIDED INCLUDE RESUME AND JOB SEARCH ASSISSTANCE, REFERRALS TO COMMUNITY RESOURCES, AND CAREER DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Campbell-Domineck CEO | Officer | 40 | $221,957 |
David Mccraw Chair | OfficerTrustee | 1 | $0 |
Adil Khan Immediate Past Chair | OfficerTrustee | 1 | $0 |
Scott Dimmick Treasurer/secretary | OfficerTrustee | 1 | $0 |
Gary Clark Chair-Elect | OfficerTrustee | 1 | $0 |
Angela Garcia-Falconetti Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southern Technical College Training | 6/29/22 | $246,480 |
Fleet Force Training | 6/29/22 | $566,469 |
Inspired Technologies It | 6/29/22 | $192,014 |
Traviss Technical College Training | 6/29/22 | $136,837 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $125,125 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,106,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,270,403 |
| Total Program Service Revenue | $179,546 |
| Investment income | $8,258 |
| 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 | $7,478,002 |
| 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. | $298,880 |
| Compensation of current officers, directors, key employees. | $14,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,991,706 |
| Pension plan accruals and contributions | $181,316 |
| Other employee benefits | $437,341 |
| Payroll taxes | $184,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $113 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310,855 |
| Advertising and promotion | $685 |
| Office expenses | $196,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $424,408 |
| Travel | $35,461 |
| 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 | $35,581 |
| Insurance | $37,119 |
| All other expenses | $77,381 |
| Total functional expenses | $7,302,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,049,763 |
| Savings and temporary cash investments | $112,637 |
| Pledges and grants receivable | $173,589 |
| Accounts receivable, net | $0 |
| 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 | $51,765 |
| Net Land, buildings, and equipment | $71,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $653,547 |
| Total assets | $2,112,904 |
| Accounts payable and accrued expenses | $338,139 |
| Grants payable | $0 |
| Deferred revenue | $352,664 |
| 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 | $690,803 |
| Net assets without donor restrictions | $1,422,101 |
| 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 | $2,112,904 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Polk County Workforce Development Board Inc has recieved totaling $3,161,371.
| Awarding Organization | Amount |
|---|---|
United Way Of Central Florida Inc Highland City, FL PURPOSE: Donor Designated for Disaster/ Emergency Relief | $3,161,371 |
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 |