Workforce Dev Bd Of The Tres Coast
- Assets
- $4.3m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 48
- Location
- Port St Lucie, FL
- Founding
- 11/1988
- Data as of
- 06/2022
- EIN
- 65-0054673
Organization Overview
Workforce Dev Bd Of The Tres Coast, operating under the name Career Source Research Coast, is located in Port St Lucie, FL. The organization was established in 1988. 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, Career Source Research Coast employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Career Source Research Coast 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, Career Source Research Coast generated $6.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $7.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) 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 MISSION OF THE WORKFORCE BOARD OF THE TREASURE COAST IS TO BUILD AN INTEGRATED WORKFORCE DEVELOPMENT SYSTEM FOR JOBSEEKERS AND EMPLOYERS BY ANALYZING LABOR MARKET NEEDS, EFFECTIVELY AND EFFICIENTLY COORDINATING THE DELIVERY RESOURCES, PROGRAMS AND SERVICES, AND EVALUATING THE RESULTS FOR ACCOUNTABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WIOA ADULT: THESE FUNDS ARE PROVIDED UNDER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT TO ESTABLISH PROGRAMS TO PREPARE UNSKILLED ADULTS FOR ENTRY INTO THE LABOR FORCE AND TO AFFORD JOB TRAINING TO THOSE ECONOMICALLY DISADVANTAGED INDIVIDUALS AND OTHER INDIVIDUALS FACING SERIOUS BARRIERS TO EMPLOYMENT WHO ARE IN SPECIAL NEED OF SUCH TRAINING TO OBTAIN PRODUCTIVE EMPLOYMENT.
NEG COVID-19 GRANT: THE PURPOSE OF THIS AWARD IS TO PROVIDE TEMPORARY JOBS TO ASSIST WITH HUMANITARIAN AID, CLEAN UP AND RESTORATION ACTIVITIES DUE TO COVID-19. GRANT FUNDS MAY ALSO BE USED TO PROVIDE CAREER AND TRAINING SERVICES TO ELIGIBLE PARTICIPANTS.
WIOA YOUTH: THESE FUNDS ARE PROVIDED UNDER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT TO ASSIST IN PROVIDING HIGH QUALITY SERVICES FOR YOUTH AND YOUNG ADULTS BEGINNING WITH CAREER EXPLORATION AND GUIDANCE, CONTINUED SUPPORT FOR EDUCATIONAL ATTAINMENT, OPPORTUNITIES FOR SKILLS TRAINING IN IN-DEMAND INDUSTRIES AND OCCUPATIONS, AND CULMINATING WITH A GOOD JOB ALONG A CAREER PATHWAY OR ENROLLMENT IN POST-SECONDARY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Bauer President/ceo | Officer | 40 | $132,152 |
Tracey Mcmorris COO | Officer | 40 | $96,574 |
Lisa Delligatti CFO | Officer | 40 | $91,786 |
Marcelo Dossantos Vice President | Officer | 40 | $79,506 |
Pamela Burchell Past Chair | OfficerTrustee | 1 | $0 |
Leslie Kristof Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,827,372 |
| 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 | $6,827,372 |
| Total Program Service Revenue | $110,074 |
| 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 | $6,937,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $736,351 |
| 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. | $414,064 |
| Compensation of current officers, directors, key employees. | $278,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,941,072 |
| Pension plan accruals and contributions | $53,328 |
| Other employee benefits | $327,588 |
| Payroll taxes | $177,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,700 |
| Fees for services: Accounting | $25,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,247,623 |
| Advertising and promotion | $61,259 |
| Office expenses | $86,097 |
| Information technology | $109,329 |
| Royalties | $0 |
| Occupancy | $149,052 |
| Travel | $21,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,892 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $640,364 |
| Insurance | $44,772 |
| All other expenses | $136,685 |
| Total functional expenses | $7,000,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $580,319 |
| Pledges and grants receivable | $135,988 |
| Accounts receivable, net | $3,046 |
| 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 | $105,784 |
| Net Land, buildings, and equipment | $3,419,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,200 |
| Total assets | $4,273,478 |
| Accounts payable and accrued expenses | $393,769 |
| Grants payable | $0 |
| Deferred revenue | $254,043 |
| 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 | $3,411,971 |
| Total liabilities | $4,059,783 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $206,525 |
| Paid-in or capital surplus, or land, building, or equipment fund | $7,170 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,273,478 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Workforce Dev Bd Of The Tres Coast has recieved totaling $31.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
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 |