Worknet Pinellas INC FY2022 filing

Clearwater, FLUnknown exempt organization EIN 73-1678180Revenue $7.6M in FY2022

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.

69¢ of each $1 spent went to programs.
$377K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$377K
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
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$771K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
-10% vs prior year
Spent
$9.5M
To programs
69%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$7.6M
FY2022▼ -10%
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
$9.5M
FY2022▲ +14%
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
$1.2M
FY2022▼ -61%
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 FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

69 cents of each dollar spent went to programs.

Program services 69% · $6.6M Management & general 31% · $2.9M

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

32 people listed on the 990; $377K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
CEO (until 2/11/22)
$224,977Pt VII · Sec A
Interim CEO & CFO
$151,958Pt VII · Sec A
$0Pt VII · Sec A
Secretary (until Q4 2021)
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chair-Elect (until Q2 2022)
$0Pt VII · Sec A
Past Chair
$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.

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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 · $6.1M · in their own filed words · FY2021
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.

$3.4Mprogram 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.

$1.9Mprogram 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…

$837Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Gifts and grantsLn 1h$7.5M
Fees for servicesLn 2g$84K
Investment incomeLn 3$8K
Money outPt IX
$9.5M
Ln 25
Programscol B$6.6M
Managementcol C$2.9M
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$2.0M
LiabilitiesLn 26$771K
PeoplePt VI, VII
32
listed · VII A
PaidVII A2
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.5M
Government grantsLn 1e$7.5M
Fees for servicesLn 2g$84K
Investment incomeLn 3$8K
Other incomeLn 4–11$5K
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$179K
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$2.0M
LiabilitiesLn 26$771K
Net assetsLn 32$1.2M
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 FY22End FY22
Cash and savingsLn 1–2$3.9M$1.6M
Land, buildings, equipmentLn 10c$32K$9K
Total assetsLn 16$4.1M$2.0M
LiabilitiesLn 26$961K$771K
Net assetsLn 32$3.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$452K$452K
Pay of current officers, directors and key staffLn 5$334K$334K
Other salaries and wagesLn 7$2.3M$2.1M$222K
Pension plan contributionsLn 8$114K$114K$155
Other employee benefitsLn 9$508K$506K$2K
Payroll taxesLn 10$239K$200K$40K
Legal feesLn 11b$147K$147K
Accounting feesLn 11c$46K$46K
Lobbying feesLn 11d$35K$35K
Other fees for servicesLn 11g$134K$90K$45K
Advertising and promotionLn 12$37K$37K$292
Office expensesLn 13$69K$60K$9K
Information technologyLn 14$711K$656K$55K
OccupancyLn 16$377K$337K$40K
TravelLn 17$20K$17K$4K
Conferences, conventions and meetingsLn 19$8K$6K$2K
Depreciation, depletion and amortizationLn 22$23K$5K$18K
InsuranceLn 23$103K$74K$29K
Other expenses (24a–d)Ln 24$3.8M$1.9M$1.9M
All other expensesLn 24e$80K$64K$15K
Total functional expensesLn 25$9.5M$6.6M$2.9M$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 Viewing $7.6M$9.5M−$1.9M$1.2M 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $7,597,320 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,302,962$7,501,208
I-9 Program service revenuePrior year $110,549$83,552
I-10 Investment incomePrior year $14,090$7,772
I-11 Other revenuePrior year $8,229$4,788
I-12 Total revenuePrior year $8,435,830$7,597,320
I-13 Grants and similar amounts paidPrior year $516,154$452,305
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,800,123$3,489,012
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,053,219$5,589,974
I-18 Total expensesPrior year $8,369,496$9,531,291
I-19 Revenue less expensesPrior year $66,334−$1,933,971
Part VI · Governance 23 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
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 $7,597,320 across 6 lines filed
VIII-1e Government grants$7,501,208
VIII-1h Total contributions, gifts and grants$7,501,208
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $83,552$83,552
VIII-3 Investment incomeRelated to mission $7,772$7,772
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,788$4,788
VIII-12 Total revenueRelated to mission $96,112 · Unrelated business $0 · Excluded from tax $0$7,597,320
Part IX · Statement of functional expenses $9,531,291 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $452,305$452,305
IX-5 Pay of current officers, directors and key staffManagement $334,012$334,012
IX-7 Other salaries and wagesPrograms $2,071,606 · Management $222,188$2,293,794
IX-8 Pension plan contributionsPrograms $113,989 · Management $155$114,144
IX-9 Other employee benefitsPrograms $505,997 · Management $1,769$507,766
IX-10 Payroll taxesPrograms $199,787 · Management $39,509$239,296
IX-11b Legal feesManagement $147,262$147,262
IX-11c Accounting feesManagement $45,943$45,943
IX-11d Lobbying feesManagement $35,245$35,245
IX-11g Other fees for servicesPrograms $89,780 · Management $44,510$134,290
IX-12 Advertising and promotionPrograms $36,786 · Management $292$37,078
IX-13 Office expensesPrograms $59,976 · Management $8,642$68,618
IX-14 Information technologyPrograms $655,670 · Management $55,197$710,867
IX-16 OccupancyPrograms $337,424 · Management $39,616$377,040
IX-17 TravelPrograms $16,535 · Management $3,749$20,284
IX-19 Conferences, conventions and meetingsPrograms $5,855 · Management $1,825$7,680
IX-22 Depreciation, depletion and amortizationPrograms $4,615 · Management $18,154$22,769
IX-23 InsurancePrograms $74,067 · Management $29,256$103,323
IX-24 Other expenses (24a–d)Programs $1,913,167 · Management $1,886,897$3,800,064
IX-24e All other expensesPrograms $64,032 · Management $15,479$79,511
IX-25 Total functional expensesPrograms $6,601,591 · Management $2,929,700 · Fundraising $0$9,531,291
Part X · Balance sheet $1,995,144 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $3,701,676$1,388,669
X-2 Savings and temporary cash investmentsStart of year $178,078$178,579
X-3 Pledges and grants receivableStart of year $100,846$366,644
X-4 Accounts receivableStart of year $32,591$3,025
X-9 Prepaid expenses and deferred chargesStart of year $75,016$49,373
X-10c Land, buildings and equipment, netStart of year $31,623$8,854
X-16 Total assetsStart of year $4,119,830$1,995,144
X-17 Accounts payable and accrued expensesStart of year $822,856$633,551
X-19 Deferred revenueStart of year $138,424$137,014
X-26 Total liabilitiesStart of year $961,280$770,565
X-27 Net assets without donor restrictionsStart of year $3,158,550$1,224,579
X-32 Total net assets or fund balancesStart of year $3,158,550$1,224,579
X-33 Total liabilities and net assetsStart of year $4,119,830$1,995,144
Part XI · Reconciliation of net assets $1,224,579 net assets at year end
XI-1 Total revenue$7,597,320
XI-2 Total expenses$9,531,291
XI-3 Revenue less expenses−$1,933,971
XI-4 Net assets at start of year$3,158,550
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,224,579

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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