Brevard Workforce Development Board INC EIN 59-3031785

Brevard Workforce Development Board INC

EIN  59-3031785 Public charity (501(c)(3)) Rockledge, FL Founded 1990
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/18/26 · see original filing: IRS
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Size
$10–100M
What they do
Provides workforce solutions to help Brevard businesses operate and thrive.
Leadership
Marci Murphy · Executive Director · $171K
Money in and out
$16.5M revenue, $16.5M expenses
Bottom line
92% program efficiency

Provides workforce solutions to help Brevard businesses operate and thrive. For fiscal year 2025 it reported $16.5M in revenue, $16.5M in expenses, and $807K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$16.5M
Pt VIII · Ln 12
Total expenses
$16.5M
Pt IX · Ln 25
Net assets
$807K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$10K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate▲ +18% vs prior filing year
Surplus margin
0%
revenue over expenses, this year▼ -102% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$16.5M
FY2025▲ +22%
Expenses
$16.5M
FY2025▲ +27%
Total assets
$5.1M
FY2025▲ +30%
Total liabilities
$4.3M
FY2025▲ +16%
Total revenue
$16.5M
Pt VIII · Ln 12
Total expenses
$16.5M
Pt IX · Ln 25
Net assets
$807K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$10K
Total assetsPt X · Ln 16$5.1M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 328
Independent voting membersPt I · Ln 428
Mission & Programs · Part III

Where the work happens

3 program services account for $13.0M of program spending, described in the organization's own filed words · FY2024.
01

Workforce innovation and opportunity act (adult, youth, and dislocated worker training programs) - assisting these groups in finding employment by preparing workers for entry into the labor force AND/OR providing training to individuals who face barriers to employment.

$9.6Mprogram expense
02

Employment service through florida agency for workforce innovation (wagner peyser, disabled veterans, local veterans' employment representatives). Services include occupational training, skills assessments, resource rooms, assistance for job seekers, and support services.

$2.3Mprogram expense
03

The reemployment services and eligibility assessment (resea) program is designed to address the reemployment needs of reemployment assistance (ra) claimants. Individuals filing ra claims may be selected to participate in the state's resea program. Participants are made aware of, and referred to, a variety of reemployment services

$1.1Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrevard Workforce Development Board INC
EINHdr · item D59-3031785
Principal addressHdr · item CRockledge, FL
WebsiteHdr · item Jwww.careersourcebrevard.com
Year of formationHdr · item L1990
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J330)
Ruling yearIRS BMFFeb 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a28
Independent voting membersPt VI · Ln 1b28
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$171,179Pt VII · Sec A
$120,306Pt VII · Sec A
VP of IT and Facilities
$116,731Pt VII · Sec A
VP of Industry Relations
$110,433Pt VII · Sec A
$104,665Pt VII · Sec A
Secretary
$70,294Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Marci Murphy’s $171K as Executive Director is at the 22nd percentile of top reported officer pay among 415 $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
Marci Murphy$171,179$130,568$131,798$143,663
Marci Murphy$146,016$145,047
Yvonne Kobrin$120,306
Jeffrey Witt$116,731$102,937
Thomas La Flore$110,433
James Watson$104,665
Richard Meagher$91,567
Holly Paschal$70,294$62,077

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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Statement of Revenue

Part VIII
Contributions & grants100%$16.5M
Program service revenue$13K
Investment income$24K
Other revenue$440
— government grantsLn 1e$16.3M
Total revenueLn 12$16.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$15.2M
Management & general8%$1.3M
Total functional expensesLn 25$16.5M

Balance Sheet

Part X · end of year
CashLn 1$2.8M
Total assetsLn 16$5.1M
Total liabilitiesLn 26$4.3M
Total net assetsLn 32$807K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.8M · Operating expenses/yr $16.5M
2.0 months
Where the money goes
Program services
Program services $15.2M · Total expenses $16.5M
92%
Management & General
Management & general $1.3M · Total expenses $16.5M
8%
Fundraising
Fundraising $0 · Total expenses $16.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $280K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $16.5M · Total revenue $16.5M
100%
Government reliance
Government grants $16.3M · Total revenue $16.5M
99%
Earned-income share
Program service revenue $13K · Total revenue $16.5M
0%
Investment reliance
Investment income $24K · Total revenue $16.5M
0%
Program self-sufficiency
Program service revenue $13K · Total expenses $16.5M
0%
Growth & trend
Revenue growth (YoY)
This year $16.5M · Prior year $13.5M
+22%
Revenue CAGR
FY2019 $13.7M · FY2024 $16.5M
+4%
Net-asset trend (YoY)
End of year $807K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $16.5M · Expenses $16.5M
0%
Liabilities-to-Assets
Total liabilities — · Total assets $5.1M
Net-asset ratio
Net assets $807K · Total assets $5.1M
16%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marci Murphy · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $171K · Total expenses $16.5M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.6M · Total expenses $16.5M
22%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth 22%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
AARP FoundationFY2024$30K
Total grants receivedfrom 1 funder$30K
Grants paid · 8 grants · $28.6M · 2021–2024
C2 Global Professional Services LLCFY2024$5,444,973
Unitemized GrantFY2024$3,340,570
C2 Global Professional Services LLCFY2023$3,736,662
Unitemized GrantFY2023$3,120,027
C2 Global Professional Services LLCFY2022$3,611,058
Unitemized GrantFY2022$2,703,741
C2 Global Professional Services LLCFY2021$3,683,283
Unitemized GrantFY2021$2,963,570

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$16.5M revenue · viewing · ⤓ 990 PDF
FY2024$13.5M revenue · ⤓ 990 PDF
FY2023$10.7M revenue · ⤓ 990 PDF
FY2022$11.5M revenue · ⤓ 990 PDF
FY2021$15.1M revenue · ⤓ 990 PDF
FY2020$13.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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