Work Services Corporation FY2023 filing

Tax-deductible

Wichita Falls, TX501(c)(3)Since 1978EmploymentEIN 75-2247311Revenue $46.1M in FY2023

On file with the IRSworkservicescorp.com1343 Hatton Rd, 76302-3007 · Wichita Falls, TXTax-exempt since Dec 1989Publicly supported — 509(a)(2)

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The organization's mission is to empower people with disabilities to achieve personal growth and independence, and include vocational assessments, vocational training, job search Services, job placement, and employment.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$465K 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

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
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
5 of 5
filings with a surplus
Average surplus $3.6M a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$465K
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
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $123
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.2M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$46.1M
+7% vs prior year
Spent
$44.6M
To programs
90%
Net assets
$64.1M
By yearFY2020–FY2024
Revenue
$46.1M
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$34.5M
FY2021$39.3M
FY2022$42.9M
FY2023$46.1M
FY2024$51.6M
Expenses
$44.6M
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$32.2M
FY2021$34.9M
FY2022$39.0M
FY2023$44.6M
FY2024$45.9M
Net assets
$64.1M
FY2023▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$54.3M
FY2021$62.1M
FY2022$58.4M
FY2023$64.1M
FY2024$69.6M

From the FY2023 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 Dec 1989.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $40.2M Management & general 10% · $4.4M

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

12 people listed on the 990; $465K paid to officers and key staff.

Part VII, Section A · reportable compensation
$176,566Pt VII · Sec A
VP of Opertions
$161,996Pt VII · Sec A
VP of Finance
$126,586Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Past Chairperson
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

David Toogood’s $230K as CEO is at the 48th 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

NameFY2024FY2023FY2022FY2021FY2020
David Toogood$229,929$176,566$173,386$173,809$152,199
Ben Ezzell$170,214$161,996$152,507$133,735$125,392
Robert a Propp$134,358—$126,066$107,070—
Jessica Traw—$126,586$118,131$112,344$94,773
Holly Burroughs$111,881————
Phillip Cardinal$108,836————
Pamela Braatz$107,511————
Mileasha Rizan$106,902————

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

Helps people with disabilities grow, gain independence, and find jobs through training and support.

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Provided by the organization

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2 programs · $40.2M · in their own filed words · FY2023
01

The organization's mission is to empower people with disabilities to achieve personal growth and independence, and to improve their quality of life through training and employment. Primary activities include vocational assessments, vocational training, job search services, job placement, and employment.

$39.5Mprogram expense
02

The career development department performs vocational evaluations, job placement, and extended rehabilitation services to people with disabilities.

$725Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$123
Grants paid · 14 grants · $395K · 2020–2024

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$46.1M
Ln 12
Fees for servicesLn 2g$44.6M
Investment incomeLn 3$1.5M
Gifts and grantsLn 1h$50K
Money outPt IX
$44.6M
Ln 25
Programscol B$40.2M
Managementcol C$4.4M
Owns and owesPt X
$64.1M
net assets · Ln 32
Cash and savingsLn 1–2$8.2M
Total assetsLn 16$68.3M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
12
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Fees for servicesLn 2g$44.6M
Investment incomeLn 3$1.5M
Gains on assetsLn 7−$5K
Total revenueLn 12$46.1M
Assets in detailPt X, end of year
CashLn 1$4.6M
SavingsLn 2$3.6M
Cash and savings togetherLn 1–2$8.2M
InvestmentsLn 11–13$47.7M
Land, buildings, equipmentLn 10c$7.5M
Other assetsLn 15$84K
Total assetsLn 16$68.3M
LiabilitiesLn 26$4.2M
Net assetsLn 32$64.1M
OperationsPt I, VI
EmployeesI 51,075
VolunteersI 611
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 FY23End FY23
Cash and savingsLn 1–2$6.0M$8.2M
InvestmentsLn 11–13$43.3M$47.7M
Land, buildings, equipmentLn 10c$7.4M$7.5M
Total assetsLn 16$62.2M$68.3M
LiabilitiesLn 26$3.7M$4.2M
Net assetsLn 32$58.4M$64.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$47K$47K
Pay of current officers, directors and key staffLn 5$770K$770K
Other salaries and wagesLn 7$26.7M$25.6M$1.1M
Other employee benefitsLn 9$7.2M$6.8M$439K
Payroll taxesLn 10$2.2M$2.0M$143K
Investment management feesLn 11f$169K$169K
Other fees for servicesLn 11g$746K$356K$390K
Advertising and promotionLn 12$2K$1K$684
Office expensesLn 13$370K$92K$278K
OccupancyLn 16$517K$358K$159K
TravelLn 17$454K$374K$81K
Conferences, conventions and meetingsLn 19$11K$130$11K
InterestLn 20$65$1$64
Payments to affiliatesLn 21$1.5M$1.5M
Depreciation, depletion and amortizationLn 22$656K$286K$371K
InsuranceLn 23$283K$46K$237K
Other expenses (24a–d)Ln 24$2.8M$2.6M$144K
All other expensesLn 24e$79K$14K$65K
Total functional expensesLn 25$44.6M$40.2M$4.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $51.6M$45.9M$5.6M$69.6M 990 PDF
FY2023 Viewing $46.1M$44.6M$1.5M$64.1M 990 PDF
FY2022 $42.9M$39.0M$4.0M$58.4M 990 PDF
FY2021 $39.3M$34.9M$4.5M$62.1M 990 PDF
FY2020 $34.5M$32.2M$2.4M$54.3M 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 $46,096,919 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$49,762
I-9 Program service revenuePrior year $40,486,843$44,562,917
I-10 Investment incomePrior year $2,439,697$1,484,240
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $42,926,540$46,096,919
I-13 Grants and similar amounts paidPrior year $142,822$47,166
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $31,846,667$36,894,696
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,974,541$7,615,444
I-18 Total expensesPrior year $38,964,030$44,557,306
I-19 Revenue less expensesPrior year $3,962,510$1,539,613
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $46,096,919 across 6 lines filed
VIII-1f All other contributions, gifts and grants$49,762
VIII-1h Total contributions, gifts and grants$49,762
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $44,562,917$44,562,917
VIII-3 Investment incomeExcluded from tax $1,489,363$1,489,363
VIII-7 Net gain or loss on sales of assetsRelated to mission $3,833 · Excluded from tax −$8,956−$5,123
VIII-12 Total revenueRelated to mission $44,566,750 · Unrelated business $0 · Excluded from tax $1,480,407$46,096,919
Part IX · Statement of functional expenses $44,557,306 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $47,166$47,166
IX-5 Pay of current officers, directors and key staffManagement $769,749$769,749
IX-7 Other salaries and wagesPrograms $25,596,348 · Management $1,108,717$26,705,065
IX-9 Other employee benefitsPrograms $6,804,714 · Management $439,288$7,244,002
IX-10 Payroll taxesPrograms $2,032,912 · Management $142,968$2,175,880
IX-11f Investment management feesManagement $168,774$168,774
IX-11g Other fees for servicesPrograms $356,378 · Management $389,603$745,981
IX-12 Advertising and promotionPrograms $1,098 · Management $684$1,782
IX-13 Office expensesPrograms $92,250 · Management $277,658$369,908
IX-16 OccupancyPrograms $357,680 · Management $158,899$516,579
IX-17 TravelPrograms $373,532 · Management $80,579$454,111
IX-19 Conferences, conventions and meetingsPrograms $130 · Management $11,068$11,198
IX-20 InterestPrograms $1 · Management $64$65
IX-21 Payments to affiliatesPrograms $1,539,314$1,539,314
IX-22 Depreciation, depletion and amortizationPrograms $285,594 · Management $370,570$656,164
IX-23 InsurancePrograms $46,126 · Management $236,523$282,649
IX-24 Other expenses (24a–d)Programs $2,646,700 · Management $143,580$2,790,280
IX-24e All other expensesPrograms $13,609 · Management $65,030$78,639
IX-25 Total functional expensesPrograms $40,193,552 · Management $4,363,754 · Fundraising $0$44,557,306
Part X · Balance sheet $68,252,523 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $4,773,738$4,645,292
X-2 Savings and temporary cash investmentsStart of year $1,238,976$3,577,865
X-4 Accounts receivableStart of year $4,599,022$4,160,043
X-8 Inventories for sale or useStart of year $319,278$315,916
X-9 Prepaid expenses and deferred chargesStart of year $483,782$282,467
X-10c Land, buildings and equipment, netStart of year $7,416,996$7,490,758
X-11 Publicly traded securitiesStart of year $43,316,516$47,696,369
X-15 Other assetsStart of year $15,278$83,813
X-16 Total assetsStart of year $62,163,586$68,252,523
X-17 Accounts payable and accrued expensesStart of year $3,731,134$4,155,611
X-26 Total liabilitiesStart of year $3,731,134$4,155,611
X-27 Net assets without donor restrictionsStart of year $58,432,452$64,096,912
X-32 Total net assets or fund balancesStart of year $58,432,452$64,096,912
X-33 Total liabilities and net assetsStart of year $62,163,586$68,252,523
Part XI · Reconciliation of net assets $64,096,912 net assets at year end
XI-1 Total revenue$46,096,919
XI-2 Total expenses$44,557,306
XI-3 Revenue less expenses$1,539,613
XI-4 Net assets at start of year$58,432,452
XI-5 Net unrealized gains (losses) on investments$4,161,172
XI-9 Other changes in net assets−$36,325
XI-10 Net assets at end of year$64,096,912

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

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