Central Texas Workforce Development Board INC FY2022 filing

Tax-deductible

Belton, TX501(c)(3)Since 1997EmploymentEIN 74-2855088

The mission of workforce solutions of central texas is to provide quality education, training and labor market services which give employers and residents of the region a competitive advantage in the global economy.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$376K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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 5
filings with a surplus
Average deficit $4K 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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$376K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$7.7M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32.4M
+21% vs prior year
Spent
$32.5M
To programs
91%
Net assets
−$7K
By yearFY2020–FY2024
Revenue
$32.4M
FY2022▲ +21%
Revenue by fiscal year
FY2020$26.7M
FY2021$26.8M
FY2022$32.4M
FY2023$38.2M
FY2024$38.2M
FY2024$35.8M
Expenses
$32.5M
FY2022▲ +21%
Expenses by fiscal year
FY2020$26.6M
FY2021$26.8M
FY2022$32.5M
FY2023$38.2M
FY2024$38.3M
FY2024$35.8M
Net assets
−$7K
FY2022▼ -107%
Net assets by fiscal year
FY2020$72K
FY2021$97K
FY2022−$7K
FY2023−$13K
FY2024−$95K
FY2024−$108K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · 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 ruling in Jul 1999.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $29.6M Management & general 9% · $2.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

30 people listed on the 990; $376K 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
Executive Director
$147,460Pt VII · Sec A
Director of Strategy and I
$121,362Pt VII · Sec A
Director of Industry/Educa
$107,372Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Linda Angel’s $155K as Executive Director is at the 14th 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 · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susan K Kamas—$163,854$147,460$147,460$145,151
Linda Angel$154,792————
Patricia Angel-Watford—$137,143$121,362$121,362$107,377
Charley W Ayers—$112,154———
Charley W Ayres——$107,372$107,372—
Horace Dicks—$100,717———

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 Central Texas Workforce Development Board 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

Provides training and development to help people find and keep jobs.

Provided by the organization

This section is blank until Central Texas Workforce Development Board INC claims this page.

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1 program service account for $29.6M of program spending, described in the organization's own filed words · FY2021.
01

Supported children through childcare assistance, and recruiting infant daycare providers and referred job seekers to available job openings, and assisted local businesses by posting job orders. Also assisted eligible clients with obtaining job training.

$29.6Mprogram expense

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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 · 6 grants · $169.3M · 2019–2024
Central Texas Council of GovernmentsFY2024$28,244,603
Central Texas Council of GovernmentsFY2023$29,562,907
Central Texas Council of GovernmentsFY2022$33,802,657
Central Texas Council of GovernmentsFY2021$29,600,336
Central Texas Council of GovernmentsFY2020$23,995,652
Central Texas Council of GovernmentsFY2019$24,117,104

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$32.4M
Ln 12
Gifts and grantsLn 1h$32.4M
Money outPt IX
$32.5M
Ln 25
Programscol B$29.6M
Managementcol C$2.9M
Owns and owesPt X
−$7K
net assets · Ln 32
Total assetsLn 16$7.7M
LiabilitiesLn 26$7.7M
PeoplePt VI, VII
30
listed · VII A
PaidVII A3
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32.4M
Government grantsLn 1e$32.4M
Total revenueLn 12$32.4M
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$4.3M
Total assetsLn 16$7.7M
LiabilitiesLn 26$7.7M
Net assetsLn 32−$7K
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Land, buildings, equipmentLn 10c$199K$4.3M
Total assetsLn 16$2.9M$7.7M
LiabilitiesLn 26$2.8M$7.7M
Net assetsLn 32$97K−$7K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$29.6M$29.6M
Pay of current officers, directors and key staffLn 5$193K$193K
Other salaries and wagesLn 7$1.2M$1.2M
Pension plan contributionsLn 8$69K$69K
Other employee benefitsLn 9$409K$409K
Payroll taxesLn 10$102K$102K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$185K$185K
Office expensesLn 13$34K$34K
Information technologyLn 14$41K$41K
OccupancyLn 16$110K$110K
TravelLn 17$90K$90K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$443K$443K
All other expensesLn 24e$54K$54K
Total functional expensesLn 25$32.5M$29.6M$2.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $38.2M$38.3M−$82K−$95K 990 PDF
FY2023 $38.2M$38.2M−$6K−$13K 990 PDF
FY2022 Viewing $32.4M$32.5M−$105K−$7K 990 PDF
FY2021 $26.8M$26.8M$26K$97K 990 PDF
FY2020 $26.7M$26.6M$148K$72K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $32,408,689 across 3 lines filed
VIII-1e Government grants$32,408,689
VIII-1h Total contributions, gifts and grants$32,408,689
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$32,408,689
Part IX · Statement of functional expenses $32,513,373 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $29,600,336$29,600,336
IX-5 Pay of current officers, directors and key staffManagement $192,732$192,732
IX-7 Other salaries and wagesManagement $1,158,131$1,158,131
IX-8 Pension plan contributionsManagement $69,011$69,011
IX-9 Other employee benefitsManagement $408,719$408,719
IX-10 Payroll taxesManagement $101,749$101,749
IX-11c Accounting feesManagement $18,000$18,000
IX-11g Other fees for servicesManagement $184,954$184,954
IX-13 Office expensesManagement $33,857$33,857
IX-14 Information technologyManagement $41,314$41,314
IX-16 OccupancyManagement $110,239$110,239
IX-17 TravelManagement $90,309$90,309
IX-23 InsuranceManagement $6,762$6,762
IX-24 Other expenses (24a–d)Management $443,420$443,420
IX-24e All other expensesManagement $53,840$53,840
IX-25 Total functional expensesPrograms $29,600,336 · Management $2,913,037 · Fundraising $0$32,513,373
Part X · Balance sheet $7,678,368 assets, 9 lines filed
X-3 Pledges and grants receivableStart of year $2,742,410$3,341,093
X-10c Land, buildings and equipment, netStart of year $199,089$4,337,275
X-16 Total assetsStart of year $2,941,499$7,678,368
X-17 Accounts payable and accrued expensesStart of year $2,671,520$7,465,582
X-19 Deferred revenueStart of year $172,494$219,985
X-26 Total liabilitiesStart of year $2,844,014$7,685,567
X-27 Net assets without donor restrictionsStart of year $97,485−$7,199
X-32 Total net assets or fund balancesStart of year $97,485−$7,199
X-33 Total liabilities and net assetsStart of year $2,941,499$7,678,368
Part XI · Reconciliation of net assets −$7,199 net assets at year end
XI-1 Total revenue$32,408,689
XI-2 Total expenses$32,513,373
XI-3 Revenue less expenses−$104,684
XI-4 Net assets at start of year$97,485
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$7,199

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

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