Careersource Palm Beach County Inc
- Assets
- $2.3m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 06/1998
- Data as of
- 06/2022
- EIN
- 65-0709274
Organization Overview
Careersource Palm Beach County Inc is located in West Palm Beach, FL. The organization was established in 1998. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careersource Palm Beach County 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 06/2022, Careersource Palm Beach County Inc generated $14.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $14.4m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF CAREERSOURCE PALM BEACH COUNTY, INC. IS CRAFTING AND OVERSEEING A WORKFORCE DEVELOPMENT STRATEGY THAT IS RESPONSIVE TO THE NEEDS AND CONCERNS OF EMPLOYERS AND JOB SEEKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPARTMENT OF LABOR - WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA)- ADULT AND DISLOCATED WORKER 2021-2022 CAREERSOURCE PALM BEACH COUNTY HAD 705 ACTIVE ADULT AND DISLOCATED WORKERS WHO RECEIVED CAREER SERVICES TRAINING SERVICES AND VARIOUS TYPES OF ASSESSMENTS TO ASSIST THEM WITH CAREER PLANNING DURING THE 2021-2022 PROGRAM YEAR. OF THOSE INDIVIDUALS, 160 WERE NEW RECIPIENTS OF INDIVIDUAL TRAINING ACCOUNTS (ITAS) WITH ENCUMBRANCES OF $347,209.53. IN ADDITION, 33 TRAINEES WERE ENROLLED IN THE ON- THE-JOB TRAINING (OJT) PROGRAM WITH A TOTAL OF $204,600.53 REIMBURSED TO EMPLOYERS. OF THE 117 INDIVIDUALS SCHEDULED TO COMPLETE THEIR TRAINING DURING THIS PROGRAM YEAR, A TOTAL OF 105 (90%) DID SO. A TOTAL OF 394 WIOA ADULT AND DISLOCATED WORKERS OR 56% EXITED THE PROGRAM WITH A POSITIVE OUTCOME OF EMPLOYMENT.
DEPARTMENT OF LABOR - WORKFORCE INVESTMENT OPPORTUNITY ACT (WIOA) - YOUTH 2021 - 2022 CAREERSOURCE PALM BEACH COUNTY'S YOUNG ADULT PROGRAM SERVES YOUNG ADULTS AGES 16 - 24. OUR PROGRAM INCLUDES CAREER EXPLORATION, JOB PREPARATION, FINANCIAL LITERACY, SOFT SKILLS TRAINING, PAID WORK EXPERIENCE, AND MORE. THE PROGRAM ALSO PROVIDES YOUNG ADULTS WITH VALUABLE TRAINING IN HOSPITALITY, WHICH IS A HIGH-DEMAND INDUSTRY IN PALM BEACH COUNTY. UPON SUCCESSFUL COMPLETION OF TRAINING, PROGRAM CLIENTS ARE AWARDED CREDENTIALS WHICH INCREASE THEIR EMPLOYABILITY WHEN COMPETING FOR JOB OPPORTUNITIES IN OUR COMMUNITY. DURING PROGRAM YEAR 2021-2022, THE YOUNG ADULT PROGRAM HAD A TOTAL OF 103 ENROLLED PROGRAM PARTICIPANTS, AND OF THOSE THAT EXITED 35% HAD A POSITIVE OUTCOME. COLLECTIVELY, THERE WERE 126 CREDENTIALS EARNED. THE PROGRAM ALSO RECORDED PLACEMENTS FOR 167 PARTICIPANTS AND ISSUED 18 SCHOLARSHIPS FOR POST-SECONDARY TRAINING.
DEPARTMENT OF HEALTH AND HUMAN SERVICES - TEMPORARY ASSISTANCE FOR NEEDY FAMILIES (TANF) - PROGRAM YEAR 2021 - 2022. CAREERSOURCE PALM BEACH COUNTY HAD 2,052 OPEN TANF CASES THROUGHOUT THE PROGRAM YEAR, AND 494 (24.1%) WERE WORK ENGAGED. REGION 21 ACHIEVED 22.4% FOR THE ENTERED EMPLOYMENT RATE WITH AN AVERAGE ENTERED EMPLOYMENT WAGE RATE OF $14.92, WHICH IS A $1.31 INCREASE FROM LAST PROGRAM YEAR. THE ALL FAMILY PARTICIPATION RATE WAS 23.4%, RANKING #2 IN THE STATE, AND THE TWO PARENT PARTICIPATION RATE WAS 26.8%, RANKING SECOND PLACE IN THE STATE FOR THIS MEASURE, AS WELL.
OTHER U.S. DEPARTMENT OF LABOR, U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, US DEPT OF AGRICULTURE, US DEPT OF COMMERCE AND US DEPARTMENT OF EDUCATION PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Corbit Vp, Business Development | Officer | 40 | $0 |
Tom Veenstra Vp, Support Services | Officer | 42 | $0 |
Julia Dattolo President/ceo | Officer | 42 | $0 |
Erica Scarpati CFO | Officer | 45 | $0 |
Alyssa Freeman Director | Trustee | 0 | $0 |
Laurie George Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Career Institute Training | 6/29/22 | $111,697 |
South Fl Academy Training | 6/29/22 | $200,854 |
Palm Beach County Department Of Air Rent | 6/29/22 | $353,704 |
Roy E Burch Trustee Rent | 6/29/22 | $260,809 |
Agape Academy Of Sciences Training Contract | 6/29/22 | $143,093 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,372,200 |
| 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 | $14,372,200 |
| Total Program Service Revenue | $0 |
| Investment income | $475 |
| 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 | $14,436,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,021,005 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,025 |
| Fees for services: Accounting | $103,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,989,291 |
| Advertising and promotion | $0 |
| Office expenses | $9,726 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $658,983 |
| Travel | $72,091 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,501 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,305 |
| Insurance | $112,934 |
| All other expenses | $287,486 |
| Total functional expenses | $14,385,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,610,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $338,502 |
| Accounts receivable, net | $4,359 |
| 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 | $261,548 |
| Net Land, buildings, and equipment | $102,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,317,114 |
| Accounts payable and accrued expenses | $662,135 |
| 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 | $225,217 |
| Total liabilities | $887,352 |
| Net assets without donor restrictions | $1,429,762 |
| 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 | $2,317,114 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Careersource Palm Beach County Inc has recieved totaling $53,422.
| Awarding Organization | Amount |
|---|---|
Floridamakes Inc Orlando, FL PURPOSE: NIST COOPERATIVE AGREEMENT - TO FACILITATE MEP ACTIVITIES IN ACCORDANCE WITH FLORIDAMAKES MISSION TO ESTABLISH, PROMOTE, MAINTAIN, AND EXPAND A STATEWIDE MEP IDENTITY. | $53,422 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Co-Op Inc Miami, FL | $32,387,947 | $28,658,578 |
First Coast Workforce Development Inc Fleming Island, FL | $3,324,303 | $15,945,752 |
Careersource Palm Beach County Inc West Palm Beach, FL | $2,317,114 | $14,436,935 |
Careersource Florida Inc Tallahassee, FL | $11,274,205 | $13,537,394 |
Southwest Alabama Partnership For Training And Employment Inc Mobile, AL | $2,770,516 | $12,222,275 |
Tech Alabama Birmingham, AL | $26,385,584 | $28,965,281 |
Southwest Florida Workforce Development Board Inc Fort Myers, FL | $6,992,908 | $10,165,135 |
Worknet Pinellas Inc Clearwater, FL | $1,995,144 | $7,597,320 |
Employu Inc Casselberry, FL | $5,383,927 | $11,177,844 |
Workforce Development Board Of Flagler And Volusia Counties Inc Daytona Beach, FL | $2,463,348 | $8,211,477 |
Citrus Levy Marion Regional Workforce Development Board Inc Ocala, FL | $1,453,598 | $7,509,133 |
Oic Of South Florida Inc Fort Lauderdale, FL | $1,014,122 | $6,787,267 |