The Workplace INC FY2023 filing

Tax-deductible

Bridgeport, CT501(c)(3)Since 1983EmploymentEIN 22-2484517Revenue $32.0M in FY2023

On file with the IRSworkplace.org1000 Lafayette Blvd 5th Floor, 06604-4725 · Bridgeport, CTTax-exempt since Apr 1984Publicly supported charity — 170(b)(1)(A)(vi)

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The organization provides job training, placement, and counseling for dislocated and economically disadvantaged individuals in the bridgeport, norwalk, stamford and valley labor market areas.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $115K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $467K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$9.9M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
42
of 42 voting members
Looks good: 42 of 42 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32.0M
+0.9% vs prior year
Spent
$32.0M
To programs
91%
Net assets
$621K
By yearFY2020–FY2025
Revenue
$32.0M
FY2023▲ +0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$35.2M
FY2021$31.2M
FY2022$31.8M
FY2023$32.0M
FY2024$39.4M
FY2025$39.5M
Expenses
$32.0M
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$35.8M
FY2021$31.8M
FY2022$31.4M
FY2023$32.0M
FY2024$39.5M
FY2025$39.4M
Net assets
$621K
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$533K
FY2021$29K
FY2022$591K
FY2023$621K
FY2024$601K
FY2025$802K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $29.0M Management & general 9% · $2.8M Fundraising 0% · $132K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

49 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$322,970Pt VII · Sec A
Chief Operating Officer
$278,846Pt VII · Sec A
SR VP of Communications & Scsep Operations
$169,044Pt VII · Sec A
SR VP of Workforce Development
$148,614Pt VII · Sec A
Vice President Human Resource and Talent Managemen
$146,601Pt VII · Sec A
Chief Financial Officer
$145,844Pt VII · Sec A
VP of Business Management
$120,150Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Joseph Carbone’s $342K as President & CEO is at the 77th percentile of top reported officer pay among 414 $10–100M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joseph Carbone$342,032$342,032$322,970$326,231$373,849$373,709
Adrienne Parkmond$313,606$300,708$278,846$273,846$257,134$248,170
Tom Long$190,008$184,080$169,044$172,496$160,880$152,835
Gino Venditti———$162,386$184,324$177,575
Michael Hayden$181,708$177,203$148,614———
Francesca Romano$173,008$165,908$145,844$109,871——
Michael McCarthy$169,950$159,427$146,601$139,455$132,921$126,457
Nestor Leon———$143,197$134,898$129,918

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides job training, career counseling, and placement services to help youth, dislocated workers, and economically disadvantaged individuals secure meaningful employment.

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Provided by the organization

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3 programs · $27.7M · in their own filed words · FY2022
01

Adult Job Training

Total of 42,329 customers served at southwestern CT works job centers; 562 wioa adult participants assigned individual training accounts. American job centers contracts. The organization has been engaged by local workforce investment boards (wib) in other states to be their one-stop operator and service provider.

$18.1Mprogram expense
02

Dislocated Workers

Total of 15,873 customers served at southwestern CT job works job centers; 74 wioa dislocated partcipants assigned individual training accounts. American job centers contracts. The organization has been engaged by local workforce investment boards (wib) in other states to be their one-stop operator and service provider.

$6.9Mprogram expense
03

Youth Programs

Through the careerhub, we offer skills training as well as job search and placement services. Our team will provide tools to help young adults stay competitive in the workforce and the insight and confidence needed to impress potential employers.

$2.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 62 grants · $101.5M · 2019–2024
Unitemized GrantFY2024$13,058,474
Unitemized GrantFY2024$2,733,453
Career Resources INCCT · FY2024$2,297,554
Capital Workforce Partners INCCT · FY2024$335,021
Workforce Alliance INCCT · FY2024$240,098
Marrakech IncorporatedCT · FY2024$117,726
Morrison Group LLCFY2024$95,714
Unitemized GrantFY2023$12,194,197
Career Resources INCCT · FY2023$2,970,412
Unitemized GrantFY2023$2,012,538
Capital Workforce Partners INCCT · FY2023$414,506
Dci Resources LLCFY2023$170,000
Workforce Alliance INCCT · FY2023$161,618
Morrison Group LLCFY2023$152,833
Marrakech IncorporatedCT · FY2023$115,134
The Housing Collective INCCT · FY2023$34,448
See all 62 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$32.0M
Ln 12
Gifts and grantsLn 1h$32.0M
Fees for servicesLn 2g$24K
Investment incomeLn 3$4K
Money outPt IX
$32.0M
Ln 25
Programscol B$29.0M
Managementcol C$2.8M
Fundraisingcol D$132K
Owns and owesPt X
$621K
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$10.5M
LiabilitiesLn 26$9.9M
PeoplePt VI, VII
49
listed · VII A
PaidVII A7
Voting boardVI 1a42
IndependentVI 1b42
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32.0M
Government grantsLn 1e$31.4M
Fees for servicesLn 2g$24K
Investment incomeLn 3$4K
Total revenueLn 12$32.0M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$126K
Cash and savings togetherLn 1–2$3.0M
InvestmentsLn 11–13$331K
Land, buildings, equipmentLn 10c$212K
Other assetsLn 15$3.8M
Total assetsLn 16$10.5M
LiabilitiesLn 26$9.9M
Net assetsLn 32$621K
OperationsPt I, VI
EmployeesI 51,895
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$3.4M$3.0M
InvestmentsLn 11–13$351K$331K
Land, buildings, equipmentLn 10c$348K$212K
Total assetsLn 16$7.1M$10.5M
LiabilitiesLn 26$6.6M$9.9M
Net assetsLn 32$591K$621K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.9M$3.9M
Grants to domestic individualsLn 2$12.9M$12.9M
Pay of current officers, directors and key staffLn 5$550K$425K$120K$5K
Other salaries and wagesLn 7$6.8M$5.3M$1.5M$65K
Pension plan contributionsLn 8$689K$515K$168K$7K
Other employee benefitsLn 9$1.8M$1.4M$440K$17K
Payroll taxesLn 10$514K$384K$125K$5K
Legal feesLn 11b$40K$25K$14K$966
Accounting feesLn 11c$43K$27K$15K$1K
Other fees for servicesLn 11g$1.4M$1.3M$91K$6K
Advertising and promotionLn 12$116K$112K$465$3K
Office expensesLn 13$81K$47K$34K$609
Information technologyLn 14$441K$360K$77K$4K
OccupancyLn 16$1.3M$1.1M$220K$11K
Conferences, conventions and meetingsLn 19$122K$93K$26K$2K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$116K$108K$8K
InsuranceLn 23$137K$117K$18K$1K
Other expenses (24a–d)Ln 24$1.0M$989K$21K$3K
Total functional expensesLn 25$32.0M$29.0M$2.8M$132K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $39.5M$39.4M$118K$802K 990 PDF
FY2024 $39.4M$39.5M−$71K$601K 990 PDF
FY2023 Viewing $32.0M$32.0M$50K$621K 990 PDF
FY2022 $31.8M$31.4M$399K$591K 990 PDF
FY2021 $31.2M$31.8M−$558K$29K 990 PDF
FY2020 $35.2M$35.8M−$628K$533K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $32,044,197 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $31,765,036$32,015,451
I-9 Program service revenuePrior year $2,047$24,478
I-10 Investment incomePrior year $121$4,268
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $31,767,204$32,044,197
I-13 Grants and similar amounts paidPrior year $16,296,669$16,819,641
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,656,100$10,386,447
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,415,747$4,788,543
I-18 Total expensesPrior year $31,368,516$31,994,631
I-19 Revenue less expensesPrior year $398,688$49,566
Part VI · Governance 42 of 42 board members independent, 1 to look at
VI-1a Voting members of the governing body42
VI-1b Independent voting members42
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $32,044,197 across 6 lines filed
VIII-1e Government grants$31,419,901
VIII-1f All other contributions, gifts and grants$595,550
VIII-1h Total contributions, gifts and grants$32,015,451
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,478$24,478
VIII-3 Investment incomeExcluded from tax $4,268$4,268
VIII-12 Total revenueRelated to mission $24,478 · Unrelated business $0 · Excluded from tax $4,268$32,044,197
Part IX · Statement of functional expenses $31,994,631 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $3,883,107$3,883,107
IX-2 Grants to domestic individualsPrograms $12,936,534$12,936,534
IX-5 Pay of current officers, directors and key staffPrograms $425,093 · Management $119,810 · Fundraising $5,205$550,108
IX-7 Other salaries and wagesPrograms $5,305,128 · Management $1,456,556 · Fundraising $64,589$6,826,273
IX-8 Pension plan contributionsPrograms $514,588 · Management $167,528 · Fundraising $6,516$688,632
IX-9 Other employee benefitsPrograms $1,350,361 · Management $439,622 · Fundraising $17,098$1,807,081
IX-10 Payroll taxesPrograms $384,356 · Management $125,130 · Fundraising $4,867$514,353
IX-11b Legal feesPrograms $24,859 · Management $14,000 · Fundraising $966$39,825
IX-11c Accounting feesPrograms $27,035 · Management $15,224 · Fundraising $1,050$43,309
IX-11g Other fees for servicesPrograms $1,265,521 · Management $90,624 · Fundraising $6,252$1,362,397
IX-12 Advertising and promotionPrograms $112,218 · Management $465 · Fundraising $3,463$116,146
IX-13 Office expensesPrograms $46,826 · Management $33,830 · Fundraising $609$81,265
IX-14 Information technologyPrograms $360,111 · Management $77,174 · Fundraising $3,740$441,025
IX-16 OccupancyPrograms $1,080,390 · Management $220,096 · Fundraising $10,964$1,311,450
IX-19 Conferences, conventions and meetingsPrograms $92,795 · Management $26,381 · Fundraising $2,431$121,607
IX-20 InterestManagement $6,250$6,250
IX-22 Depreciation, depletion and amortizationPrograms $107,912 · Management $8,254$116,166
IX-23 InsurancePrograms $117,312 · Management $18,200 · Fundraising $1,114$136,626
IX-24 Other expenses (24a–d)Programs $988,818 · Management $20,709 · Fundraising $2,950$1,012,477
IX-25 Total functional expensesPrograms $29,022,964 · Management $2,839,853 · Fundraising $131,814$31,994,631
Part X · Balance sheet $10,516,105 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $3,252,078$2,923,252
X-2 Savings and temporary cash investmentsStart of year $122,227$126,308
X-3 Pledges and grants receivableStart of year $2,665,034$2,669,234
X-4 Accounts receivableStart of year $288,711$245,695
X-9 Prepaid expenses and deferred chargesStart of year $110,803$207,606
X-10c Land, buildings and equipment, netStart of year $347,784$212,205
X-11 Publicly traded securitiesStart of year $11,817$14,705
X-13 Program-related investmentsStart of year $339,212$316,673
X-15 Other assetsStart of year $9,125$3,800,427
X-16 Total assetsStart of year $7,146,791$10,516,105
X-17 Accounts payable and accrued expensesStart of year $4,523,768$3,987,333
X-19 Deferred revenueStart of year $600,793$1,067,538
X-24 Unsecured notes and loans payableStart of year $1,167,778$747,121
X-25 Other liabilitiesStart of year $263,244$4,092,991
X-26 Total liabilitiesStart of year $6,555,583$9,894,983
X-27 Net assets without donor restrictionsStart of year $107,622$39,952
X-28 Net assets with donor restrictionsStart of year $483,586$581,170
X-32 Total net assets or fund balancesStart of year $591,208$621,122
X-33 Total liabilities and net assetsStart of year $7,146,791$10,516,105
Part XI · Reconciliation of net assets $621,122 net assets at year end
XI-1 Total revenue$32,044,197
XI-2 Total expenses$31,994,631
XI-3 Revenue less expenses$49,566
XI-4 Net assets at start of year$591,208
XI-5 Net unrealized gains (losses) on investments$2,887
XI-9 Other changes in net assets−$22,539
XI-10 Net assets at end of year$621,122

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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