Workforce Ventures
- Assets
- $149.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- Data as of
- 06/2022
- EIN
- 84-5189116
Organization Overview
Workforce Ventures is located in San Diego, CA. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workforce Ventures is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO ADVANCE WORKFORCE DEVELOPMENT IN PRIORITY OCCUPATIONS AND SECTORS BY CREATING AND PROVIDING OPPORTUNITIES TO LOW-INCOME OR UNDERREPRESENTED PERSONS INTERESTED IN GROWING CAREERS THAT PAY FAMILY SUSTAINING WAGES WITH FUNDING FOR EDUCATION, WRAP AROUND SERVICES, MENTORING, CAREER READINESS, AND JOB PLACEMENT SUPPORT. THE SUPPORT COMES IN THE FORM OF PROVIDING INCOME SHARE ARRANGEMENTS TO LOW-INCOME OR OTHERWISE UNDERREPRESENTED PERSONS FOR EDUCATION OR SUPPORTIVE SERVICES, AND ISSUING TRANSITION BONDS AND/OR SOCIAL IMPACT INCENTIVES TO BUSINESSES TO IMPROVE THE QUALITY OF JOBS FOR WORKERS OR IMPROVE INCLUSIVE RECRUITING, HIRING, AND WORKFORCE DEVELOPMENT PROCESSES. WORKFORCE VENTURES ALSO ASSISTS AND CONSULTS WITH OTHER ORGANIZATIONS IN DEVELOPING AND MANAGING SIMILAR WORKFORCE DEVELOPMENT FINANCING PROGRAMS. THE INCOME SHARE ARRANGEMENTS HAVE A PAY-IT-FORWARD MECHANISM THAT ALLOW PARTICIPANTS WHO OBTAIN HIGH PAYING JOBS TO HELP SUPPORT FUTURE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE WORKFORCE DEVELOPMENT IN PRIORITY OCCUPATIONS AND SECTORS BY CREATING AND PROVIDING OPPORTUNITIES TO LOW-INCOME OR UNDERREPRESENTED PERSONS INTERESTED IN GROWING CAREERS THAT PAY FAMILY SUSTAINING WAGES WITH FUNDING FOR EDUCATION, WRAP AROUND SERVICES, MENTORING, CAREER READINESS, AND JOB PLACEMENT SUPPORT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlisle Ky' Lewis III Chair | OfficerTrustee | 1.5 | $0 |
Kristin Carrol Secretary | OfficerTrustee | 1 | $0 |
Erica Bouris Vice-Chair | OfficerTrustee | 1 | $0 |
Hei-Ock Kim Member At Large | Trustee | 1 | $0 |
Kurling Robinson Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $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 | $0 |
| Statement of Expenses | |
|---|---|
| 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 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 | $17,425 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,033 |
| All other expenses | $0 |
| Total functional expenses | $19,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,459 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $149,459 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $149,459 |
| 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 |
| Total liabilities and net assets/fund balances | $149,459 |