Greater Roanoke Workforce Development Board FY2023 filing

Tax-deductible

Roanoke, VA501(c)(3)Human ServicesEIN 65-1163605Revenue $2.4M in FY2023

On file with the IRSvcwblueridge.com1 S Jefferson St, 24011-1303 · Roanoke, VATax-exempt since Mar 2006Publicly supported — 509(a)(2)

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Administer Workforce Development and training grants for Workforce area III of virginia.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
2 of 5
filings with a surplus
Average deficit $7K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.6M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+49% vs prior year
Spent
$2.4M
To programs
97%
Net assets
$220K
By yearFY2021–FY2025
Revenue
$2.4M
FY2023▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.8M
FY2022$1.6M
FY2023$2.4M
FY2024$2.7M
FY2025$2.5M
Expenses
$2.4M
FY2023▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.8M
FY2022$1.6M
FY2023$2.4M
FY2024$2.7M
FY2025$2.5M
Net assets
$220K
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2021$221K
FY2022$210K
FY2023$220K
FY2024$230K
FY2025$206K

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 Mar 2006.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $2.3M Management & general 3% · $75K

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

31 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Morgan Romeo’s $83K as Executive Director is at the 20th percentile of top reported officer pay among 3869 $1–10M human services 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 · 1 named individual · Part VII

NameFY2022FY2021
Morgan Romeo$82,675$73,761

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.

See Greater Roanoke Workforce Development Board executive salaries →

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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 15aNo

Programs and updates

Administers grants for workforce development and training in Virginia's Workforce Area III.

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2022
01

To cultivate a dynamic workforce development system that stimulates economic development in the cities of covington, roanoke, and salem and the counties of alleghany, craig, botetourt, franklin, and roanoke.

$2.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$2K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.3M
Other incomeLn 4–11$23K
Investment incomeLn 3$20K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.3M
Managementcol C$75K
Owns and owesPt X
$220K
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$3.8M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
31
listed · VII A
PaidVII A0
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$2.1M
Investment incomeLn 3$20K
Other incomeLn 4–11$23K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$2.6M
Cash and savings togetherLn 1–2$2.6M
Other assetsLn 15$2K
Total assetsLn 16$3.8M
LiabilitiesLn 26$3.6M
Net assetsLn 32$220K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$3.2M$2.6M
Total assetsLn 16$3.4M$3.8M
LiabilitiesLn 26$3.1M$3.6M
Net assetsLn 32$210K$220K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.3M$1.3M$54K$0
Legal feesLn 11b$4K$2K$2K$0
Accounting feesLn 11c$18K$16K$2K$0
Information technologyLn 14$68K$66K$2K$0
TravelLn 17$9K$8K$2K$0
InsuranceLn 23$4K$2K$2K$0
Other expenses (24a–d)Ln 24$901K$890K$11K$0
All other expensesLn 24e$24K$24K$81$0
Total functional expensesLn 25$2.4M$2.3M$75K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.5M$2.5M−$24K$206K 990 PDF
FY2024 $2.7M$2.7M$10K$230K 990 PDF
FY2023 Viewing $2.4M$2.4M$10K$220K 990 PDF
FY2022 $1.6M$1.6M−$32K$210K 990 PDF
FY2021 $1.8M$1.8M−$2K$221K 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 $2,362,527 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,532,449$2,320,341
I-9 Program service revenue$0
I-10 Investment incomePrior year $512$19,516
I-11 Other revenuePrior year $52,114$22,670
I-12 Total revenuePrior year $1,585,075$2,362,527
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $807,876$1,324,117
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $808,752$1,028,304
I-18 Total expensesPrior year $1,616,628$2,352,421
I-19 Revenue less expensesPrior year −$31,553$10,106
Part VI · Governance 30 of 30 board members independent, 1 to look at
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $2,362,527 across 7 lines filed
VIII-1e Government grants$2,145,009
VIII-1f All other contributions, gifts and grants$175,332
VIII-1h Total contributions, gifts and grants$2,320,341
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$19,516
VIII-6 Net rental income or lossRelated to mission −$24,653−$24,653
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $47,323 · Unrelated business $0 · Excluded from tax $0$47,323
VIII-12 Total revenueRelated to mission $42,186 · Unrelated business $0 · Excluded from tax $0$2,362,527
Part IX · Statement of functional expenses $2,352,421 across 8 lines filed
IX-7 Other salaries and wagesPrograms $1,270,356 · Management $53,761 · Fundraising $0$1,324,117
IX-11b Legal feesPrograms $1,863 · Management $1,847 · Fundraising $0$3,710
IX-11c Accounting feesPrograms $16,306 · Management $1,620 · Fundraising $0$17,926
IX-14 Information technologyPrograms $65,986 · Management $1,758 · Fundraising $0$67,744
IX-17 TravelPrograms $7,510 · Management $1,984 · Fundraising $0$9,494
IX-23 InsurancePrograms $1,994 · Management $2,183 · Fundraising $0$4,177
IX-24 Other expenses (24a–d)Programs $889,886 · Management $11,315 · Fundraising $0$901,201
IX-24e All other expensesPrograms $23,971 · Management $81 · Fundraising $0$24,052
IX-25 Total functional expensesPrograms $2,277,872 · Management $74,549 · Fundraising $0$2,352,421
Part X · Balance sheet $3,819,951 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,219,073$2,588,304
X-3 Pledges and grants receivableStart of year $103,650$154,314
X-4 Accounts receivableStart of year $34,664$33,000
X-9 Prepaid expenses and deferred chargesStart of year $0$1,697
X-14 Intangible assets$1,040,888
X-15 Other assetsStart of year $1,748$1,748
X-16 Total assetsStart of year $3,359,135$3,819,951
X-17 Accounts payable and accrued expensesStart of year $95,221$86,308
X-25 Other liabilitiesStart of year $3,054,269$3,513,892
X-26 Total liabilitiesStart of year $3,149,490$3,600,200
X-27 Net assets without donor restrictionsStart of year $209,645$178,193
X-28 Net assets with donor restrictions$41,558
X-32 Total net assets or fund balancesStart of year $209,645$219,751
X-33 Total liabilities and net assetsStart of year $3,359,135$3,819,951
Part XI · Reconciliation of net assets $219,751 net assets at year end
XI-1 Total revenue$2,362,527
XI-2 Total expenses$2,352,421
XI-3 Revenue less expenses$10,106
XI-4 Net assets at start of year$209,645
XI-10 Net assets at end of year$219,751

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

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