Workforce Resource Inc
- Assets
- $912.2k
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Wichita Falls, TX
- Founding
- 07/2005
- Data as of
- 09/2021
- EIN
- 62-1795688
Organization Overview
Workforce Resource Inc, operating under the name Workforce Solutions North Texas, is located in Wichita Falls, TX. The organization was established in 2005. According to its NTEE Classification (J05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Employment and related organizations. As of 09/2021, Workforce Solutions North Texas employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workforce Solutions North Texas 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 09/2021, Workforce Solutions North Texas generated $10.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $10.1m during the year ending 09/2021. While expenses have increased by 6.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Workforce Solutions North Texas has awarded 18 individual grants totaling $50,797,911. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PLACE NORTH TEXANS IN JOBS AND EQUIP WORKERS WITH THE SKILLS THAT FOSTER ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) IS A FEDERALLY FUNDED PROGRAM WHICH PROVIDES EMPLOYMENT AND TRAINING SERVICES TO ADULTS, YOUTH AND DISLOCATED WORKERS. WIOA PROVIDES THREE LEVELS OF EMPLOYMENT AND TRAINING SERVICES; CORE SERVICES INFORM AND EDUCATE CLIENTS ABOUT THE LABOR MARKET, INTENSE SERVICES INCLUDE STAFF ASSISTED JOB SEARCH AND OCCUPATIONAL DEVELOPMENT, AND TRAINING SERVICES PAY FOR OCCUPATIONAL SKILLS TRAINING FOR ELIGIBLE CLIENTS.
CHILD CARE IS CONSIDERED A SUPPORT SERVICE TO THE OTHER WORKFORCE PROGRAMS AND PROVIDES SUBSIDIZED CHILD CARE TO LOW-INCOME FAMILIES NEEDING ASSISTANCE. CHILD CARE SERVICES ARE PROVIDED THROUGH A NETWORK OF REGULATED CHILD CARE PROVIDERS AND SELF-ARRANGED RELATIVE CARE. SERVICES INCLUDE CLIENT SERVICES, PROVIDER MANAGEMENT AND FINANCIAL SERVICES.
THE WORKFORCE TEMPORARY ASSISTANCE FOR NEEDY FAMILIES (TANF) PROGRAM PROVIDES TIME-LIMITED ASSISTANCE TO NEEDY FAMILIES WITH CHILDREN SO THAT THE CHILDREN CAN BE CARED FOR IN THEIR OWN HOMES OR IN THE HOMES OF RELATIVES; ENDS DEPENDENCE OF NEEDY PARENTS ON GOVERNMENT BENEFITS BY PROMOTING JOB PREPARATION, WORK, AND MARRIAGE; PREVENTS AND REDUCES OUT-OF-WEDLOCK PREGNANCIES, INCLUDING ESTABLISHING PREVENTION AND REDUCTION GOALS; AND ENCOURAGES THE FORMATION AND MAINTENANCE OF TWO-PARENT FAMILIES.
THE ORGANIZATION ALSO ADMINISTERS FOOD STAMP E&T, VETERANS, WAGNER/PEYSER, TRADE ADJUSTMENT, AND OTHER MISCELLANEOUS GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Mcdaniel Executive Director | Officer | 40 | $73,825 |
Kristin Morris Chair | Trustee | 1 | $0 |
Rhonda Schreiber Vice-Chair | Trustee | 1 | $0 |
Lee Ritchey Jr Past Chair | Trustee | 0.5 | $0 |
Glenda Ramsey Secretary/treasurer | Trustee | 1 | $0 |
Marsha Anderson Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,163,355 |
| 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 | $10,163,355 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $10,163,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,701,635 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $73,825 |
| Other salaries and wages | $353,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $179,355 |
| Payroll taxes | $32,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $142,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,491 |
| Office expenses | $102,937 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $242,773 |
| Travel | $3,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,187 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,817 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,050,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $769,779 |
| 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 | $0 |
| Net Land, buildings, and equipment | $142,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $912,226 |
| Accounts payable and accrued expenses | $508,689 |
| 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 | $508,689 |
| Net assets without donor restrictions | $403,537 |
| 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 | $912,226 |
Grants Awarded
Over the last fiscal year, Workforce Resource Inc has awarded $8,701,635 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Crowell, TX PURPOSE: TO PROVIDE CHILD CARE ASSISTANCE TO LOW-INCOME FAMILIES IN THE ORGANIZATION'S SERVICE AREA. | $6,420,314 |
ARBOR E&T LLC DBA RESCARE WORKFORCE SERVICES PURPOSE: TO PROVIDE WORKFORCE INVESTMENT AND OTHER FUNDING TO ELIGIBLE PARTICIPANTS IN THE ORGANIZATION'S SERVICE AREA. | $2,281,321 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Workforce Resource Inc Wichita Falls, TX | $912,226 | $10,163,355 |
New Mexico Caregivers Coalition Bernalillo, NM | $801,552 | $489,232 |
Fm Research And Information Center Houston, TX | $0 | $618,127 |
Community Economics Laboratory Albuquerque, NM | $1,721 | $0 |
Keep Louisiana Working Inc Baton Rouge, LA | $0 | $0 |