Rural Capital Area Workforce Development Board INC

Tax-deductible

Cedar Park, TX501(c)(3)Since 1996EmploymentEIN 74-2487795Revenue $59.3M in FY2024

On file with the IRSworkforcesolutionsrca.com701 E Whitestone Blvd Ste 125, 78613-6949 · Cedar Park, TXTax-exempt since Aug 1988Publicly supported charity — 170(b)(1)(A)(vi)

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Build an employer driven workforce that meets the demands of a global economy by actively involving business leaders in decisions that allows them to identify labor and economic trends, obtain customized training, and hire higher skilled workers while promoting the welfare, education, training and job placement of job seekers.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 19 volunteers and 31 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
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
2 of 4
filings with a surplus
Average deficit $151K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 2% of spending
Top officer’s pay lower than 53% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.5M
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$59.3M
+15% vs prior year
Spent
$59.4M
To programs
97%
Net assets
$351K
By yearFY2020–FY2024
Revenue
$59.3M
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$34.2M
FY2020$9.4M
FY2022$40.2M
FY2023$45.7M
FY2024$51.5M
FY2024$59.3M
Expenses
$59.4M
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$33.7M
FY2020$9.5M
FY2022$40.1M
FY2023$46.4M
FY2024$52.0M
FY2024$59.4M
Net assets
$351K
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2020$1.7M
FY2022$1.6M
FY2023$885K
FY2024$420K
FY2024$351K

From the FY2024 Form 990 · 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: FY2024. IRS ruling in Aug 1988.

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% · $57.8M Management & general 3% · $1.6M

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

42 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
$229,324Pt VII · Sec A
$173,245Pt VII · Sec A
$133,457Pt VII · Sec A
$132,155Pt VII · Sec A
$130,227Pt VII · Sec A
Director of Procurement
$114,470Pt VII · Sec A
Business Innovation Data Analysist
$113,971Pt VII · Sec A
Controller
$113,456Pt VII · Sec A

Paul Fletcher’s $229K as CEO is at the 47th percentile of top reported officer pay among 414 $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

NameFY2024FY2024FY2023FY2022FY2020FY2020
Paul Fletcher$229,324$217,799$163,632$152,306$121,715$121,715
Diane Tackett$173,245$164,450$128,547$104,309$78,306$78,306
Eric Stansfield$133,457$125,627$111,006$96,631$89,733$89,733
Veronica Kumpf$132,155$92,854————
Kelly Moreno$130,227$104,655————
Manuela Amador Reyes$114,470$106,369————
Oscar Ratliff JR$113,971$108,184————
Lori Ann Forman$113,456$104,564————

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 businesses with free training and employment services.

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Provided by the organization

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3 programs · $52.0M · in their own filed words · FY2024
01

To provide a subsidy for childcare for low income persons who are in a job training program

$42.9Mprogram expense
02

To provide training and support for individuals job seekers as outlined by the WIOA programs

$7.1Mprogram expense
03

to provide assistance and training to low income job seekers und the provision of the TANF/Choices program

$2.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$300K
Grants paid · 33 grants · $227.5M · 2019–2024
Neighborhood Center INCNJ · FY2024$26,325,683
Equus Workforce ServicesFY2024$7,252,337
BakerripleyTX · FY2024$6,513,104
C2 Global Professional Services LLCFY2024$2,221,856
Texas Workforce Centers of theTX · FY2024$604,388
Emergent Ed Child Care ConsultingFY2024$233,403
United Way for Greater AustinTX · FY2024$128,267
Neighborhood Center INCNJ · FY2023$31,907,117
Equus Workforce ServicesFY2023$8,775,019
Texas Workforce Centers of theTX · FY2023$594,351
Emergent Ed Child Care Consulting INCFY2023$206,114
C2 Global Professional Services LLCFY2023$122,988
See all 33 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$59.3M
Ln 12
Gifts and grantsLn 1h$58.7M
Fees for servicesLn 2g$541K
Other incomeLn 4–11$44K
Money outPt IX
$59.4M
Ln 25
Programscol B$57.8M
Managementcol C$1.6M
Owns and owesPt X
$351K
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$10.8M
LiabilitiesLn 26$10.5M
PeoplePt VI, VII
42
listed · VII A
PaidVII A11
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58.7M
Government grantsLn 1e$58.7M
Fees for servicesLn 2g$541K
Other incomeLn 4–11$44K
Total revenueLn 12$59.3M
Assets in detailPt X, end of year
CashLn 1$2.4M
Cash and savings togetherLn 1–2$2.4M
Land, buildings, equipmentLn 10c$142K
Other assetsLn 15$5.2M
Total assetsLn 16$10.8M
LiabilitiesLn 26$10.5M
Net assetsLn 32$351K
OperationsPt I, VI
EmployeesI 531
VolunteersI 619
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$295K$2.4M
Land, buildings, equipmentLn 10c$180K$142K
Total assetsLn 16$7.2M$10.8M
LiabilitiesLn 26$6.8M$10.5M
Net assetsLn 32$420K$351K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$44.4M$44.4M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$3.1M$2.7M$450K
Pension plan contributionsLn 8$181K$99K$82K
Other employee benefitsLn 9$366K$200K$167K
Payroll taxesLn 10$241K$131K$110K
Management feesLn 11a$728K$574K$154K
Legal feesLn 11b$0
Accounting feesLn 11c$195K$154K$41K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$169K$157K$12K
Office expensesLn 13$777K$655K$122K
Information technologyLn 14$569K$553K$16K
RoyaltiesLn 15$0
OccupancyLn 16$2.0M$1.7M$281K
TravelLn 17$106K$54K$52K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$68K$55K$13K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$78K$78K
InsuranceLn 23$58K$51K$7K
Other expenses (24a–d)Ln 24$6.4M$6.4M$100
All other expensesLn 24e$0
Total functional expensesLn 25$59.4M$57.8M$1.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $51.5M$52.0M−$465K$420K 990 PDF
FY2023 $45.7M$46.4M−$736K$885K 990 PDF
FY2022 $40.2M$40.1M$94K$1.6M 990 PDF
FY2021 Not on file
FY2020 $34.2M$33.7M$504K$1.7M 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 FY2024 990 (6 parts)
Part I · Summary $59,313,645 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,668,393$58,728,637
I-9 Program service revenuePrior year $799,744$541,450
I-10 Investment income$0
I-11 Other revenuePrior year $29,035$43,558
I-12 Total revenuePrior year $51,497,172$59,313,645
I-13 Grants and similar amounts paidPrior year $42,677,779$44,401,918
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,704,773$3,908,971
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,579,186$11,071,739
I-18 Total expensesPrior year $51,961,738$59,382,628
I-19 Revenue less expensesPrior year −$464,566−$68,983
Part VI · Governance 29 of 29 board members independent, no flags
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
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 $59,313,645 across 6 lines filed
VIII-1e Government grants$58,728,637
VIII-1h Total contributions, gifts and grants$58,728,637
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $541,450$541,450
VIII-6 Net rental income or loss$7,068
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $36,490$36,490
VIII-12 Total revenueRelated to mission $577,940$59,313,645
Part IX · Statement of functional expenses $59,382,628 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $44,401,918$44,401,918
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $2,670,815 · Management $449,851$3,120,666
IX-8 Pension plan contributionsPrograms $98,558 · Management $82,316$180,874
IX-9 Other employee benefitsPrograms $199,578 · Management $166,687$366,265
IX-10 Payroll taxesPrograms $131,411 · Management $109,755$241,166
IX-11a Management feesPrograms $574,404 · Management $153,852$728,256
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $153,852 · Management $41,208$195,060
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $156,908 · Management $11,709$168,617
IX-13 Office expensesPrograms $654,993 · Management $121,952$776,945
IX-14 Information technologyPrograms $553,442 · Management $15,828$569,270
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,675,148 · Management $281,214$1,956,362
IX-17 TravelPrograms $54,393 · Management $51,794$106,187
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $54,516 · Management $13,137$67,653
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $78,255$78,255
IX-23 InsurancePrograms $50,580 · Management $7,473$58,053
IX-24 Other expenses (24a–d)Programs $6,366,981 · Management $100$6,367,081
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $57,797,497 · Management $1,585,131 · Fundraising $0$59,382,628
Part X · Balance sheet $10,831,625 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $294,518$2,384,170
X-4 Accounts receivableStart of year $2,976,833$2,487,564
X-9 Prepaid expenses and deferred chargesStart of year $423,770$616,136
X-10c Land, buildings and equipment, netStart of year $179,546$142,415
X-15 Other assetsStart of year $3,317,579$5,201,340
X-16 Total assetsStart of year $7,192,246$10,831,625
X-17 Accounts payable and accrued expensesStart of year $3,516,994$2,596,313
X-19 Deferred revenueStart of year $46,479$2,706,920
X-25 Other liabilitiesStart of year $3,208,390$5,176,992
X-26 Total liabilitiesStart of year $6,771,863$10,480,225
X-27 Net assets without donor restrictionsStart of year $420,383$351,400
X-32 Total net assets or fund balancesStart of year $420,383$351,400
X-33 Total liabilities and net assetsStart of year $7,192,246$10,831,625
Part XI · Reconciliation of net assets $351,400 net assets at year end
XI-1 Total revenue$59,313,645
XI-2 Total expenses$59,382,628
XI-3 Revenue less expenses−$68,983
XI-4 Net assets at start of year$420,383
XI-10 Net assets at end of year$351,400

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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