Work2future Foundation FY2024 filing

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September of 2011 with the purpose of creating and advancing new opportunities to connect workforce and economic development as well as to promote small business development, growth and sustainability. The Foundation is a 501(c)(3) corporation that provides private and publicly funded vocational education and training programs. The primary activity of the Foundation is to support resource and fund development for workforce and economic development, small business development, and growth and sustainability initiatives as well as serve as a catalyst and incubator of new economic and workforce models.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3156415) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $41K a year · 18% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
70% of spending went to programs.
Pt IX · Ln 25 · col B
6.7 mo
of spending, in cash
6.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $140K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$8K
8% of total assets
Liabilities are 8% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$125K
-36% vs prior year
Spent
$176K
To programs
70%
Net assets
$90K
By yearFY2020–FY2025
Revenue
$125K
FY2024▼ -36%
Tap a bar for its year
Revenue by fiscal year
FY2020$625K
FY2021$179K
FY2022$140K
FY2023$193K
FY2024$125K
FY2025$106K
Expenses
$176K
FY2024▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$691K
FY2021$254K
FY2022$150K
FY2023$214K
FY2024$176K
FY2025$129K
Net assets
$90K
FY2024▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2020$246K
FY2021$171K
FY2022$161K
FY2023$140K
FY2024$90K
FY2025$67K

From the FY2024 Form 990 (year ending June 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2011.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $123K Management & general 30% · $53K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Work2future Foundation executive salaries →

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 and workforce development to connect people with economic opportunities.

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1 program · $123K · in their own filed words · FY2023
01

The primary activity of the foundation is to support resource and fund development for workforce and economic development, small business development, and growth and sustainability initiatives as well as serve as a catalyst and incubator of new economic and workforce models.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3156415) · Dispute this line
$123Kprogram 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
Total grants receivedfrom 2 funders$140K
Grants paid · 7 grants · $628K · 2020–2024
City of San JoseFY2024$85,000
City of San JoseFY2023$97,750
Global Policy Leadership AcademyFY2023$25,000
City of San JoseFY2022$119,000
Boys and Girls Clubs of Silicon ValFY2022$40,836
City of San JoseFY2021$99,900
City of San JoseFY2020$160,250

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2019 · $2.5M federal money spent
Wia Youth ActivitiesDepartment of Labor · ALN 17.259 · Through California Employment Development Department$1.1M
Wia Adult ProgramDepartment of Labor · ALN 17.258 · Through California Employment Development Department$618K
Wia Dislocated Worker Formula GrantsDepartment of Labor · ALN 17.278 · Through California Employment Development Department$395K
Workforce Investment Act (wia) National Emergency Grants - Wioa FloodDepartment of Labor · ALN 17.277 · Through California Employment Development Department$215K
H-1b Job Training Grants: Ready to Work ProgramDepartment of Labor · ALN 17.268 · Through California Employment Development Department$89K

The auditor reported: doubt the group can keep going.

Year ending Jun 2018 · $3.7M federal money spent
Wia Youth ActivitiesDepartment of Labor · ALN 17.259 · Through California Employment Development Department$1.6M
Wia Adult ProgramDepartment of Labor · ALN 17.258 · Through California Employment Development Department$732K
Workforce Investment Act (wia) National Emergency GrantsDepartment of Labor · ALN 17.277 · Through Gsa_migration$617K
Wia Dislocated Worker Formula GrantsDepartment of Labor · ALN 17.278 · Through California Employment Development Department$564K
H-1b Job Training GrantsDepartment of Labor · ALN 17.268 · Through California Employment Development Department$204K

The auditor reported no findings.

Year ending Jun 2017 · $3.4M federal money spent
Wia Youth ActivitiesDepartment of Labor · ALN 17.259 · Through California Development Department$1.7M
Wia Adult ProgramDepartment of Labor · ALN 17.258 · Through California Development Department$852K
Wia Dislocated Worker Formula GrantsDepartment of Labor · ALN 17.278 · Through California Development Department$763K
H-1b Job Training GrantsDepartment of Labor · ALN 17.268 · Through California Development Department$91K

The auditor reported no findings.

Year ending Jun 2016 · $2.9M federal money spent
Wia Youth ActivitiesDepartment of Labor · ALN 17.259 · Through California Employment Development Department$1.0M
Wia Adult ProgramDepartment of Labor · ALN 17.258 · Through California Employment Development Department$955K
Wia Dislocated Worker Formula GrantsDepartment of Labor · ALN 17.278 · Through California Employment Development Department$768K
H-1b Job Training GrantsDepartment of Labor · ALN 17.268 · Through California Employment Development Department$88K
Workforce Investment Act (wia) National Emergency GrantsDepartment of Labor · ALN 17.277 · Through California Employment Development Department$56K

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$125K
Ln 12
Gifts and grantsLn 1h$125K
Money outPt IX
$176K
Ln 25
Programscol B$123K
Managementcol C$53K
Owns and owesPt X
$90K
net assets · Ln 32
Cash and savingsLn 1–2$98K
Total assetsLn 16$98K
LiabilitiesLn 26$8K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$125K
Total revenueLn 12$125K
Assets in detailPt X, end of year
CashLn 1$98K
Cash and savings togetherLn 1–2$98K
Total assetsLn 16$98K
LiabilitiesLn 26$8K
Net assetsLn 32$90K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$149K$98K
Total assetsLn 16$149K$98K
LiabilitiesLn 26$9K$8K
Net assetsLn 32$140K$90K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$123K$123K
Other fees for servicesLn 11g$45K$45K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$176K$123K$53K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $106K$129K−$23K$67K 990 PDF
FY2024 ViewingFiled with the IRS May 15, 2025 $125K$176K−$51K$90K 990 PDF
FY2023Filed with the IRS May 15, 2024 $193K$214K−$21K$140K 990 PDF
FY2022Filed with the IRS May 15, 2023 $140K$150K−$10K$161K 990 PDF
FY2021Filed with the IRS May 16, 2022 $179K$254K−$75K$171K 990 PDF
FY2020Filed with the IRS May 16, 2021 $625K$691K−$66K$246K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $124,730 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $276,090$124,730
I-9 Program service revenuePrior year $3,053$0
I-10 Investment income$0
I-11 Other revenuePrior year −$85,732$0
I-12 Total revenuePrior year $193,411$124,730
I-13 Grants and similar amounts paidPrior year $159,836$122,750
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,340$52,776
I-18 Total expensesPrior year $214,176$175,526
I-19 Revenue less expensesPrior year −$20,765−$50,796
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $124,730 across 3 lines filed
VIII-1f All other contributions, gifts and grants$124,730
VIII-1h Total contributions, gifts and grants$124,730
VIII-12 Total revenue$124,730
Part IX · Statement of functional expenses $175,526 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $122,750$122,750
IX-11g Other fees for servicesManagement $44,894$44,894
IX-23 InsuranceManagement $5,115$5,115
IX-24 Other expenses (24a–d)Management $2,767$2,767
IX-25 Total functional expensesPrograms $122,750 · Management $52,776 · Fundraising $0$175,526
Part X · Balance sheet $97,724 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $149,028$97,724
X-16 Total assetsStart of year $149,028$97,724
X-17 Accounts payable and accrued expensesStart of year $8,532$8,024
X-26 Total liabilitiesStart of year $8,532$8,024
X-27 Net assets without donor restrictionsStart of year $140,496$89,700
X-32 Total net assets or fund balancesStart of year $140,496$89,700
X-33 Total liabilities and net assetsStart of year $149,028$97,724
Part XI · Reconciliation of net assets $89,700 net assets at year end
XI-1 Total revenue$124,730
XI-2 Total expenses$175,526
XI-3 Revenue less expenses−$50,796
XI-4 Net assets at start of year$140,496
XI-10 Net assets at end of year$89,700

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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