Workforce Escarosa INC FY2021 filing

Tax-deductible

Pensacola, FL501(c)(3)Since 1996EmploymentEIN 59-3390564

Careersource escarosa is a nonprofit organization committed to supporting the workforce needs of escambia and santa rosa counties. Classified as one of florida's 24 local workforce boards and a member of the careersource florida network, we provide employment and training resources for area job seekers and employers.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$58K 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
1 of 5
years in the black
Concern: 4 of the last 5 filings show a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
84%
of spending
Looks good: 84% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$58K
to officers and key staff · 1% of spending
Looks good: leaders' pay is 1% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
1 mo
of spending, in cash
Worth a look: 1.3 months of spending in cash; under 3 is worth a look.
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$928K
liabilities
Concern: debts are 104% of assets; over 80% is a concern.
Pt X · Ln 26
Who oversees it?
13
independent of 13 voting board members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$4.2M
-30% vs prior year
Spent
$4.4M
To programs
84%
Net assets
−$38K
By yearFY2020–FY2024
Revenue
$4.2M
FY2021▼ -30%
Revenue by fiscal year
FY2020$6.0M
FY2021$4.2M
FY2022$4.8M
FY2023$5.6M
FY2024$5.0M
FY2024$4.9M
Expenses
$4.4M
FY2021▼ -24%
Expenses by fiscal year
FY2020$5.8M
FY2021$4.4M
FY2022$5.0M
FY2023$5.7M
FY2024$5.1M
FY2024$5.0M
Net assets
−$38K
FY2021▼ -121%
Net assets by fiscal year
FY2020$181K
FY2021−$38K
FY2022−$53K
FY2023−$49K
FY2024−$10K
FY2024−$111K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CWorkforce Escarosa INC
EINHdr · item D59-3390564
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1997
Year of formationHdr · item L1996
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPensacola, FL
NTEE classificationIRS BMFEmployment (J20)
WebsiteHdr · item Jwww.careersourceescarosa.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$3.7M
Management & general16%$698K
Total functional expensesLn 25$4.4M

Financial health

Is it on solid ground?

Program efficiency
84%
of spending reaches programs
Operating runway
1.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$890K
FY2021▲ +16%
Total assets by fiscal year
FY2020$768K
FY2021$890K
FY2022$5.3M
FY2023$4.9M
FY2024$4.7M
FY2024$4.4M
Total liabilities
$928K
FY2021▲ +58%
Total liabilities by fiscal year
FY2020$587K
FY2021$928K
FY2022$5.4M
FY2023$4.9M
FY2024$4.8M
FY2024$4.5M
Revenue less expensesPt I · Ln 19−$219K
Total assetsPt X · Ln 16$890K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$472K
Total assetsLn 16$890K
Total liabilitiesLn 26$928K
Total net assetsLn 32−$38K
Months of cash on handcomputed1.3

Statement of Revenue

Part VIII
Contributions & grants100%$4.2M
Other revenue$1K
— government grantsLn 1e$4.2M
Total revenueLn 12$4.2M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $472K · Operating expenses (Pt IX) $4.4M · Less non-cash grants $15K · Cash operating expenses/yr $4.4M
1.3 months
Where the money goes
Program services
Program services $3.7M · Total expenses $4.4M
84%
Management & General
Management & general $698K · Total expenses $4.4M
16%
Fundraising
Fundraising $0 · Total expenses $4.4M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $33K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4.2M · Total revenue $4.2M
100%
Government reliance
Government grants $4.2M · Total revenue $4.2M
100%
Earned-income share
Program service revenue $0 · Total revenue $4.2M
0%
Investment reliance
Investment income $0 · Total revenue $4.2M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $4.4M
0%
Growth & trend
Revenue growth (YoY)
This year $4.2M · Prior year $6.0M
-30%
Net-asset trend (YoY)
End of year −$38K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.2M · Expenses $4.4M
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $890K
—
Net-asset ratio
Net assets −$38K · Total assets $890K
-4%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $890K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marcus L McBride · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $55K · Total expenses $4.4M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.1M · Total expenses $4.4M
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%——
Overhead ratio 16%——
Fundraising cost ratio 0%——
Revenue growth -30%——
Accounting fee ratio 0.8%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chief Executive Officer
$54,808Pt VII · Sec A
Chief Financial Officer
$2,769Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marcus McBride’s $143K as Chief Executive Officer is at the 61st percentile of top reported officer pay among 1245 $1–10M 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 · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Marcus McBride$143,244$134,873————
Marus McBride——$100,700$98,727——
Sheryl N Rehberg—————$95,724
Priya Sarathy———$81,522$2,769—
Naeemah T Frazier—————$80,486
Mariezel Halili$78,517$53,171————
Marcus L McBride————$54,808—

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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Governance & Policies

Part VI
  • 13Voting board membersPt VI · Ln 1a
  • 13Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Connects job seekers and employers with employment and training resources.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $3.7M of program spending, described in the organization's own filed words · FY2020.
01

Services provide educational and operational training, employment opportunities, temporary assistance, and transitional assistance.

$3.7Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 36 grants · $7.6M · 2019–2024
Unitemized GrantFY2024$408,836
Santa Rosa County School DistrictFY2024$310,618
Escambia County School DistrictFY2024$226,733
Unitemized GrantFY2024$108,028
Unitemized GrantFY2024$77,411
Unitemized GrantFY2024$29,040
Unitemized GrantFY2024$22,357
Unitemized GrantFY2023$345,165
Santa Rosa County School DistrictFY2023$294,591
Escambia County School DistrictFY2023$221,281
Unitemized GrantFY2023$216,486
Unitemized GrantFY2023$100,830
Unitemized GrantFY2023$40,700
Unitemized GrantFY2023$3,211
Unitemized GrantFY2023$149
Unitemized GrantFY2022$593,815
See all 36 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $5.0M$5.1M-10% 990 PDF
FY2023 $5.6M$5.7M+16% 990 PDF
FY2022 $4.8M$5.0M+15% 990 PDF
FY2021 Viewing $4.2M$4.4M-30% 990 PDF
FY2020 $6.0M$5.8M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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