Coastal Counties Workforce Inc
- Assets
- $251.7k
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Brunswick, ME
- Founding
- 10/2002
- Data as of
- 06/2023
- EIN
- 76-0702022
Organization Overview
Coastal Counties Workforce Inc is located in Brunswick, ME. The organization was established in 2002. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2023, Coastal Counties Workforce Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Counties Workforce 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 06/2023, Coastal Counties Workforce Inc generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $4.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OVERSEE AND MANAGE REGIONAL FEDERAL WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) PROGRAMMING. CCWI PERFORMS THE FUNCTIONS OF THE REGIONAL WORKFORCE BOARD AND APPLIES FOR/OBTAINS ADDITIONAL FUNDING FOR OUR REGION WITH THE MISSION OF HELPING UNDEREMPLOYED AND UNEMPLOYED PERSONS OBTAIN GAINFUL EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OVERSEE AND MANAGE REGIONAL FEDERAL WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) PROGRAMMING AS WELL AS OTHER FEDERAL DISCRETIONARY AWARDS WITH A FOCUS ON WORKFORCE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antoinette Mancusi Executive Director | 40 | $136,493 | |
Charles Crosby III President | OfficerTrustee | 0 | $0 |
Richard Clark Commissioner | Trustee | 0 | $0 |
Mary Trescot Commissioner | Trustee | 0 | $0 |
Rick Parent Commissioner | Trustee | 0 | $0 |
Betty Johnson Secretary/treas | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,501 |
| Total Program Service Revenue | $4,462,172 |
| Investment income | $15 |
| 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 | $4,464,688 |
| 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. | $136,483 |
| Compensation of current officers, directors, key employees. | $136,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,207 |
| Pension plan accruals and contributions | $44,292 |
| Other employee benefits | $28,885 |
| Payroll taxes | $5,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,239 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,831 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,499 |
| Travel | $1,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,157 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,369 |
| All other expenses | $24,039 |
| Total functional expenses | $4,490,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,809 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $79,399 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,501 |
| Total assets | $251,709 |
| Accounts payable and accrued expenses | $189,919 |
| 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 | $51,666 |
| Total liabilities | $241,585 |
| Net assets without donor restrictions | $10,124 |
| 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 | $251,709 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Counties Workforce Inc Brunswick, ME | $251,709 | $4,464,688 |
Imsa Educational Foundation Center Harbor, NH | $1,815,027 | $363,798 |
Freedom Staffing Inc Manchester, NH | $30,179 | $462,038 |
Ua Local Union 131 Joint Apprenticeship & Training Committe Hooksett, NH | $320,141 | $259,463 |
River Valley Workforce Institute Lebanon, NH | $561,551 | $1,088 |
Maine Business Education Partnership Augusta, ME | $102,476 | $0 |
Middle River Reach Training Center Machias, ME | $0 | $0 |