Egtc Workforce Development INC EIN 84-3775169 Form 990 (PDF) Claim this org

Egtc Workforce Development INC FY2021 filing

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Connects graduates with job openings. For fiscal year 2021 it reported $156K in revenue, $556K in expenses, and $-675K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Denver, CO
Filings
6 on file (2020–2021)
Revenue
$156KFY2021
Expenses
$556K
Net assets
$-675K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  84-3775169 Public charity (501(c)(3)) Denver, CO
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Connects graduates with job openings.
Leadership
Stephanie Donner · President(through 9/4/20)
Money in and out
$156K revenue, $556K expenses
Bottom line
88% program efficiency
Where the money goes · FY2021
Total revenue
$156K
Pt VIII · Ln 12
Total expenses
$556K
Pt IX · Ln 25
Net assets
$-675K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$400K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
19.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-257%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$156K
FY2021▲ +681%
Expenses
$556K
FY2021▲ +89%
Total assets
$2.0M
FY2021▲ +18%
Total liabilities
$2.7M
FY2021▲ +36%
Total revenue
$156K
Pt VIII · Ln 12
Total expenses
$556K
Pt IX · Ln 25
Net assets
$-675K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$400K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEgtc Workforce Development INC
EINHdr · item D84-3775169
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President(through 9/4/20)
$0Pt VII · Sec A
Sec/Treasurer(through 8/7/20)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director(through 12/17/20)
$0Pt VII · Sec A
$0Pt VII · Sec A
President(from 1/14/2021)
$0Pt VII · Sec A
Secretary(from 1/14/2021)
$0Pt VII · Sec A
Treasurer(from 1/14/2021)
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $492K of program spending, described in the organization's own filed words · FY2020.
01

The Organization was formed for the purpose of promoting workforce development and placement opportunities for graduates of the Emily Griffith Technical College, including the development of a caf located within the Outpatient Medical Center on the campus of the Denver Health and Hospital Authority ("DHHA").

$492Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$120K · 77%
Contributions & grants$35K · 23%
Program service revenue77%$120K
Contributions & grants23%$35K
Investment income$258
Total revenueLn 12$156K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$492K
Management & general12%$64K
Total functional expensesLn 25$556K

Balance Sheet

Part X · end of year
CashLn 1$911K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$2.7M
Total net assetsLn 32$-675K
Months of cash on handcomputed19.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $911K · Operating expenses/yr $556K
19.7 months
Where the money goes
Program services
Program services $492K · Total expenses $556K
88%
Management & General
Management & general $64K · Total expenses $556K
12%
Fundraising
Fundraising $0 · Total expenses $556K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $27K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $35K · Total revenue $156K
23%
Government reliance
Government grants — · Total revenue $156K
Earned-income share
Program service revenue $120K · Total revenue $156K
77%
Investment reliance
Investment income $258 · Total revenue $156K
+0.2%
Program self-sufficiency
Program service revenue $120K · Total expenses $556K
22%
Growth & trend
Revenue growth (YoY)
This year $156K · Prior year $20K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $-675K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $156K · Expenses $556K
-257%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $-675K · Total assets $2.0M
-34%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.0M
0%
People & payroll
Highest Reported Total Compensation
Individual Stephanie Donner · Reported title President(through 9/4/20) · Highest reported compensation $0 · Total expenses $556K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $556K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth 681%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 4%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$692K revenue · ⤓ 990 PDF
FY2024$623K revenue · ⤓ 990 PDF
FY2023$575K revenue · ⤓ 990 PDF
FY2022$406K revenue · ⤓ 990 PDF
FY2021$156K revenue · viewing · ⤓ 990 PDF
FY2020$20K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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