Worknet Pinellas INC FY2021 filing

Clearwater, FLUnknown exempt organization EIN 73-1678180Revenue $8.4M in FY2021

On file with the IRScareersourcepinellas.com13805 58th Street N Suite 2-140 · Clearwater, FL

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The mission of careersource Pinellas is to build the talent pipeline for today and the future by providing easy access to workforce solutions.

88¢ of each $1 spent went to programs.
$349K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $374K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$349K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$961K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
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
$8.4M
-17% vs prior year
Spent
$8.4M
To programs
88%
Net assets
$3.2M
By yearFY2020–FY2024
Revenue
$8.4M
FY2021▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.2M
FY2021$8.4M
FY2022$7.6M
FY2023$9.4M
FY2024$9.6M
FY2024$0
Expenses
$8.4M
FY2021▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.6M
FY2021$8.4M
FY2022$9.5M
FY2023$9.3M
FY2024$10.2M
FY2024$636K
Net assets
$3.2M
FY2021▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.2M
FY2022$1.2M
FY2023$1.2M
FY2024$636K
FY2024$0

From the FY2021 Form 990 (year ending June 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $7.4M Management & general 12% · $995K

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

36 people listed on the 990; $349K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$208,447Pt VII · Sec A
$140,537Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chair-Elect
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Vice-Chair (through 12/31/2020)
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ms Jennifer Brackney————$240,727
Jennifer Brackney——$224,977$208,447—
Mr Steve Meier————$163,125
Steven Meier$161,018$147,320$151,958$140,537—
Mr Donald Shepherd————$156,409
Ms Michelle Moeller————$112,060
Ms April Torregiante————$108,670
David Zirilli$94,006————

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 Worknet Pinellas INC 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 15aYes

Programs and updates

Connects job seekers and employers to build a skilled workforce.

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Provided by the organization

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3 programs · $6.5M · in their own filed words · FY2020
01

Workforce Innovation and Opportunity Act

The purpose of the program is to build a skilled workforce that employers need. This program is designed to provide training opportunities in high demand occupations to increase employment, retention and earnings of wioa program participants.

$3.7Mprogram expense
02

Temporary Assistance for Needy Families

The purpose of the temporary assistance for needy families (tanf) program is to provide temporary financial help to eligible low-income families. The program is designed to end dependence by needy parents on government benefits by promoting training, job preparation and work.

$1.8Mprogram expense
03

Employment Service Cluster

The purpose of the program is to improve the functioning of the nation's labor markets by bringing together individuals seeking employment with employers seeking workers. The services provided through wagner peyser are job search assistance, recruiting assistance for employers, matching services for job seekers and employers and work…

$1.0Mprogram expense

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 · 12 grants · $3.5M · 2019–2023
Individual RecipientFY2023$1,000,000
Sail Future INCFL · FY2023$419,100
The Kaiser Group (de) LLC DBA DynamicFY2023$46,940
The Kaiser Group (de) LLC DBA DynamicFY2022$45,885
The Kaiser Group (de) LLC DBA DynamicFY2021$37,300
Dynamic Workforce SolutionsFY2020$17,531
Dynamic Workforce SolutionsFY2019$42,099

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$8.4M
Ln 12
Gifts and grantsLn 1h$8.3M
Fees for servicesLn 2g$111K
Investment incomeLn 3$14K
Money outPt IX
$8.4M
Ln 25
Programscol B$7.4M
Managementcol C$995K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$4.1M
LiabilitiesLn 26$961K
PeoplePt VI, VII
36
listed · VII A
PaidVII A2
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.3M
Government grantsLn 1e$8.3M
Fees for servicesLn 2g$111K
Investment incomeLn 3$14K
Other incomeLn 4–11$8K
Total revenueLn 12$8.4M
Assets in detailPt X, end of year
CashLn 1$3.7M
SavingsLn 2$178K
Cash and savings togetherLn 1–2$3.9M
Land, buildings, equipmentLn 10c$32K
Total assetsLn 16$4.1M
LiabilitiesLn 26$961K
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 596
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 FY21End FY21
Cash and savingsLn 1–2$3.6M$3.9M
Land, buildings, equipmentLn 10c$57K$32K
Total assetsLn 16$4.3M$4.1M
LiabilitiesLn 26$1.2M$961K
Net assetsLn 32$3.1M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$516K$516K
Pay of current officers, directors and key staffLn 5$362K$362K
Other salaries and wagesLn 7$2.4M$2.2M$250K
Pension plan contributionsLn 8$129K$126K$3K
Other employee benefitsLn 9$638K$585K$53K
Payroll taxesLn 10$247K$202K$45K
Legal feesLn 11b$50K$2K$48K
Accounting feesLn 11c$31K$31K
Lobbying feesLn 11d$15K$15K
Other fees for servicesLn 11g$118K$80K$38K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$137K$121K$16K
Information technologyLn 14$781K$755K$27K
OccupancyLn 16$375K$335K$41K
TravelLn 17$3K$2K$1K
Conferences, conventions and meetingsLn 19$5K$426$4K
Depreciation, depletion and amortizationLn 22$26K$5K$21K
InsuranceLn 23$68K$53K$15K
Other expenses (24a–d)Ln 24$2.4M$2.4M$25K
All other expensesLn 24e$19K$18K$1K
Total functional expensesLn 25$8.4M$7.4M$995K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $9.6M$10.2M−$611K$636K 990 PDF
FY2023 $9.4M$9.3M$22K$1.2M 990 PDF
FY2022 $7.6M$9.5M−$1.9M$1.2M 990 PDF
FY2021 Viewing $8.4M$8.4M$66K$3.2M 990 PDF
FY2020 $10.2M$9.6M$586K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $8,435,830 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,441,414$8,302,962
I-9 Program service revenuePrior year $120,144$110,549
I-10 Investment incomePrior year $19,106$14,090
I-11 Other revenuePrior year $638,094$8,229
I-12 Total revenuePrior year $10,218,758$8,435,830
I-13 Grants and similar amounts paidPrior year $538,397$516,154
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,489,612$3,800,123
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,604,990$4,053,219
I-18 Total expensesPrior year $9,632,999$8,369,496
I-19 Revenue less expensesPrior year $585,759$66,334
Part VI · Governance 30 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
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 $8,435,830 across 6 lines filed
VIII-1e Government grants$8,302,962
VIII-1h Total contributions, gifts and grants$8,302,962
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $110,549$110,549
VIII-3 Investment incomeRelated to mission $14,090$14,090
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,229$8,229
VIII-12 Total revenueRelated to mission $132,868 · Unrelated business $0 · Excluded from tax $0$8,435,830
Part IX · Statement of functional expenses $8,369,496 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $516,154$516,154
IX-5 Pay of current officers, directors and key staffManagement $362,297$362,297
IX-7 Other salaries and wagesPrograms $2,174,719 · Management $250,129$2,424,848
IX-8 Pension plan contributionsPrograms $125,809 · Management $2,833$128,642
IX-9 Other employee benefitsPrograms $584,957 · Management $52,690$637,647
IX-10 Payroll taxesPrograms $202,125 · Management $44,564$246,689
IX-11b Legal feesPrograms $2,212 · Management $47,686$49,898
IX-11c Accounting feesManagement $31,188$31,188
IX-11d Lobbying feesManagement $15,270$15,270
IX-11g Other fees for servicesPrograms $79,617 · Management $37,891$117,508
IX-12 Advertising and promotionPrograms $9,452$9,452
IX-13 Office expensesPrograms $120,694 · Management $16,375$137,069
IX-14 Information technologyPrograms $754,858 · Management $26,526$781,384
IX-16 OccupancyPrograms $334,680 · Management $40,818$375,498
IX-17 TravelPrograms $2,338 · Management $1,161$3,499
IX-19 Conferences, conventions and meetingsPrograms $426 · Management $4,225$4,651
IX-22 Depreciation, depletion and amortizationPrograms $5,035 · Management $20,642$25,677
IX-23 InsurancePrograms $52,857 · Management $14,805$67,662
IX-24 Other expenses (24a–d)Programs $2,391,074 · Management $24,661$2,415,735
IX-24e All other expensesPrograms $17,728 · Management $1,000$18,728
IX-25 Total functional expensesPrograms $7,374,735 · Management $994,761 · Fundraising $0$8,369,496
Part X · Balance sheet $4,119,830 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $3,638,311$3,701,676
X-2 Savings and temporary cash investments$178,078
X-3 Pledges and grants receivableStart of year $406,854$100,846
X-4 Accounts receivableStart of year $46,463$32,591
X-9 Prepaid expenses and deferred chargesStart of year $145,195$75,016
X-10c Land, buildings and equipment, netStart of year $57,300$31,623
X-16 Total assetsStart of year $4,294,123$4,119,830
X-17 Accounts payable and accrued expensesStart of year $1,132,470$822,856
X-19 Deferred revenueStart of year $69,437$138,424
X-26 Total liabilitiesStart of year $1,201,907$961,280
X-27 Net assets without donor restrictionsStart of year $3,092,216$3,158,550
X-32 Total net assets or fund balancesStart of year $3,092,216$3,158,550
X-33 Total liabilities and net assetsStart of year $4,294,123$4,119,830
Part XI · Reconciliation of net assets $3,158,550 net assets at year end
XI-1 Total revenue$8,435,830
XI-2 Total expenses$8,369,496
XI-3 Revenue less expenses$66,334
XI-4 Net assets at start of year$3,092,216
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,158,550

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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