Pasco-Hernando Workforce Board INC EIN 59-3495908 Form 990 (PDF) Claim this org

Pasco-Hernando Workforce Board INC FY2020 filing

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Trains workers to boost local businesses and improve community life. For fiscal year 2020 it reported $9.6M in revenue, $9.3M in expenses, and $707K in net assets.Pt I

Founded
1996
Type
Public charity (501(c)(3)) · Employment
Location
Brooksville, FL
Website
www.careersourcepascohernando.com
Filings
6 on file (2020–2020)
Revenue
$9.6MFY2020
Expenses
$9.3M
Net assets
$707K
People
21
Filings
6
Updates
0
More identity details & actions ⌄
EIN  59-3495908 Public charity (501(c)(3)) Brooksville, FL Founded 1996
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/12/26 · see original: IRS
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Size
$10–100M
What they do
Trains workers to boost local businesses and improve community life.
Leadership
Jerome Salatino · President/CEO · $186K
Money in and out
$9.6M revenue, $9.3M expenses
Bottom line
94% program efficiency
Where the money goes · FY2020
Total revenue
$9.6M
Pt VIII · Ln 12
Total expenses
$9.3M
Pt IX · Ln 25
Net assets
$707K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $301K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$9.6M
FY2020
Expenses
$9.3M
FY2020
Total assets
$1.6M
FY2020
Total liabilities
$863K
FY2020
Total revenue
$9.6M
Pt VIII · Ln 12
Total expenses
$9.3M
Pt IX · Ln 25
Net assets
$707K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$301K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

3 program services account for $3.9M of program spending, described in the organization's own filed words · FY2019.
01

The organization provided training and job search tools to individuals receiving cash assistance in order to assist them in obtaining soft skills and basic education skills needed to obtain employment and leave the cash assistance roles.

$2.2Mprogram expense
02

The organization provided training and job search tools to economically disadvantaged individuals to assist them in obtaining soft skills AND/OR occupational skills necessary to become gainfully employed. These services included employed worker training to enable local employers to retain qualified workers.

$1.1Mprogram expense
03

The organization provided training and job search tools to dislocated workers with the goal of helping these people quickly reenter the work force with necessary skills in critical and targeted jobs. During the fiscal year ended june 30, 2020, the wioa dislocated worker program served 241 dislocated workers.

$663Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPasco-Hernando Workforce Board INC
EINHdr · item D59-3495908
Principal addressHdr · item CBrooksville, FL
Year of formationHdr · item L1996
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J220)
Ruling yearIRS BMFJan 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
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 (FY2019); the FY2020 filing did not itemize Part VII
President/CEO
$186,421Pt VII · Sec A
VP of Finance
$119,780Pt VII · Sec A
VP of Operations
$119,654Pt VII · Sec A
Vice President
$112,133Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jerome a Salatino’s $221K as CEO/Presiden is at the 45th 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
Jerome a Salatino$221,202$214,995$215,416
Jerome Salatino$190,209$189,462$186,421
Kenneth W Russ$145,101$140,979$141,356
Theresa Miner$138,720$135,170$143,205$119,520$126,817$119,780
Brenda Gause$142,061$139,473$139,850$122,907$123,499$119,654
Ken Russ$118,793$112,133
Kenneth Russ$118,720
Heather Harter$95,852$100,989

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 & grants$9.4M · 98%
Program service revenue$72K · 1%
Other revenue$72K · 1%
Contributions & grants98%$9.4M
Program service revenue1%$72K
Other revenue1%$72K
Investment income$2K
— government grantsLn 1e$9.4M
Total revenueLn 12$9.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$8.7M
Management & general6%$565K
Total functional expensesLn 25$9.3M

Balance Sheet

Part X · end of year
CashLn 1$669K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$863K
Total net assetsLn 32$707K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $669K · Operating expenses/yr $9.3M
0.9 months
Where the money goes
Program services
Program services $8.7M · Total expenses $9.3M
94%
Management & General
Management & general $565K · Total expenses $9.3M
6%
Fundraising
Fundraising $0 · Total expenses $9.3M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $9.4M · Total revenue $9.6M
98%
Government reliance
Government grants $9.4M · Total revenue $9.6M
98%
Earned-income share
Program service revenue $72K · Total revenue $9.6M
0.8%
Investment reliance
Investment income $2K · Total revenue $9.6M
+0.02%
Program self-sufficiency
Program service revenue $72K · Total expenses $9.3M
0.8%
Growth & trend
Revenue growth (YoY)
This year $9.6M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $707K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $9.6M · Expenses $9.3M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $707K · Total assets $1.6M
45%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jerome Salatino · Reported title PRESIDENT/CEO · Highest reported compensation $186K · Total expenses $9.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4.5M · Total expenses $9.3M
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Legal fee ratio 0.1%
Accounting fee ratio 0.3%

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 · this organization's grantmaking
Grants paid · 12 grants · $8.9M · 2019–2021
Eckerd Youth Alternatives INCFL · FY2021$1,539,341
Gulf Coast Jewish Family ServicesFY2021$772,007
Unitemized GrantFY2021$277,546
Unitemized GrantFY2021$112,658
Eckerd Youth Alternatives INCFL · FY2020$1,126,331
Unitemized GrantFY2020$306,820
Unitemized GrantFY2020$171,959
Eckerd Youth Alternatives INCFL · FY2019$936,773
Unitemized GrantFY2019$332,624
Unitemized GrantFY2019$187,678

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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)$10.0M revenue · ⤓ 990 PDF
FY2024$9.2M revenue · ⤓ 990 PDF
FY2023$9.8M revenue · ⤓ 990 PDF
FY2022$8.5M revenue · ⤓ 990 PDF
FY2021$10.7M revenue · ⤓ 990 PDF
FY2020$9.6M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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