Little Rock Workforce Development Board FY2024 filing

Tax-deductible

Little Rock, AR501(c)(3)Since 2002Community DevelopmentEIN 95-4896420Revenue $4.7M in FY2024

On file with the IRSlrworkforce.com5401 S University Ave, 72209-1701 · Little Rock, ARTax-exempt since Oct 2002Publicly supported charity — 170(b)(1)(A)(vi)

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The organization is responsible for administering an integrated Workforce Development system, including job training, employment, and employment-related educational programs.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$145K 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

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
3 of 5
filings with a surplus
Average surplus $18K a year · under 1% 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$145K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: -1.7 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.2M
148% of total assets
Concern: liabilities are 148% of assets; over 80%.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
+64% vs prior year
Spent
$4.6M
To programs
93%
Net assets
−$701K
By yearFY2020–FY2024
Revenue
$4.7M
FY2024▲ +64%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$1.9M
FY2022$3.2M
FY2023$2.9M
FY2024$4.7M
FY2024$1.9M
Expenses
$4.6M
FY2024▲ +67%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$1.9M
FY2022$3.4M
FY2023$2.8M
FY2024$4.6M
FY2024$1.8M
Net assets
−$701K
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$208
FY2021$14K
FY2022−$155K
FY2023−$683K
FY2024−$701K
FY2024$41K

From the FY2024 Form 990 (year ending June 2024) · 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 Oct 2002.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $4.3M Management & general 7% · $317K

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

30 people listed on the 990; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$80,139Pt VII · Sec A
Office Manager
$64,987Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

William Monagle’s $78K as Executive Director is at the 10th percentile of top reported officer pay among 2832 $1–10M community development 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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Wj Monagle—$80,139$80,361$77,991$76,649$75,835
William Monagle$78,094—————
Shannon Rast$72,829$64,987$61,401$61,142$36,154—
Janet Davis————$8,931$66,470

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 Little Rock Workforce Development Board 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 integrated workforce training and employment programs.

Provided by the organization

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1 program · $4.3M · in their own filed words · FY2023
01

The organization is responsible for administering an integrated workforce development system, including job training, employment, and employment-related educational programs.

$4.3Mprogram 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 · $9.8M · 2019–2024
Arbor E & TFY2024$1,140,215
University of Arkansas Pulaski Technical CollegeFY2024$63,800
Pulaski County Regional Detention CenterFY2024$61,786
Our House INCAR · FY2024$40,658
Arbor E & TFY2023$1,220,727
Our House INCAR · FY2023$52,899
Pulaski County Regional Detention CenterFY2023$18,199
Arbor E & TFY2022$1,818,404
Arbor E & TFY2021$2,147,772
Arbor E & TFY2020$1,517,032
Arbor E & TFY2019$1,682,541

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Gifts and grantsLn 1h$4.7M
Money outPt IX
$4.6M
Ln 25
Programscol B$4.3M
Managementcol C$317K
Owns and owesPt X
−$701K
net assets · Ln 32
Cash and savingsLn 1–2−$644K
Total assetsLn 16$1.5M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
30
listed · VII A
PaidVII A2
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Government grantsLn 1e$4.7M
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Gains on assetsLn 7$0
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1−$644K
SavingsLn 2$0
Cash and savings togetherLn 1–2−$644K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1.8M
Total assetsLn 16$1.5M
LiabilitiesLn 26$2.2M
Net assetsLn 32−$701K
OperationsPt I, VI
EmployeesI 53
VolunteersI 622
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 FY24End FY24
Cash and savingsLn 1–2−$1.0M−$644K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$781K$1.5M
LiabilitiesLn 26$1.5M$2.2M
Net assetsLn 32−$683K−$701K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$167K$151K$16K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$1.4M$1.2M$130K$0
Pension plan contributionsLn 8$23K$21K$2K$0
Other employee benefitsLn 9$246K$222K$23K$0
Payroll taxesLn 10$53K$48K$5K$0
Management feesLn 11a$66K$59K$6K$0
Legal feesLn 11b$53K$48K$5K$0
Accounting feesLn 11c$49K$44K$5K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$143K$130K$14K$0
Advertising and promotionLn 12$12K$10K$1K$0
Office expensesLn 13$81K$73K$8K$0
Information technologyLn 14$42K$38K$4K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$97K$88K$9K$0
TravelLn 17$11K$10K$1K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$4K$3K$369$0
InsuranceLn 23$18K$16K$2K$0
Other expenses (24a–d)Ln 24$891K$806K$85K$0
All other expensesLn 24e$2K$2K$159$0
Total functional expensesLn 25$4.6M$4.3M$317K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $4.7M$4.6M$128K−$701K 990 PDF
FY2023 $2.9M$2.8M$127K−$683K 990 PDF
FY2022 $3.2M$3.4M−$176K−$155K 990 PDF
FY2021 $1.9M$1.9M$14K$14K 990 PDF
FY2020 $2.2M$2.2M−$4K$208 990 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 $4,743,260 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,894,959$4,743,260
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,894,959$4,743,260
I-13 Grants and similar amounts paidPrior year $1,818,404$1,297,603
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $562,393$1,850,141
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $387,053$1,467,031
I-18 Total expensesPrior year $2,767,850$4,614,775
I-19 Revenue less expensesPrior year $127,109$128,485
Part VI · Governance 28 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members28
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 $4,743,260 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$4,743,260
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$4,743,260
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$4,743,260
Part IX · Statement of functional expenses $4,614,775 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $1,297,603$1,297,603
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $150,948 · Management $15,927 · Fundraising $0$166,875
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $1,231,586 · Management $129,948 · Fundraising $0$1,361,534
IX-8 Pension plan contributionsPrograms $20,511 · Management $2,164 · Fundraising $0$22,675
IX-9 Other employee benefitsPrograms $222,166 · Management $23,441 · Fundraising $0$245,607
IX-10 Payroll taxesPrograms $48,349 · Management $5,101 · Fundraising $0$53,450
IX-11a Management feesPrograms $59,472 · Management $6,275 · Fundraising $0$65,747
IX-11b Legal feesPrograms $47,707 · Management $5,034 · Fundraising $0$52,741
IX-11c Accounting feesPrograms $44,189 · Management $4,662 · Fundraising $0$48,851
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $129,605 · Management $13,675 · Fundraising $0$143,280
IX-12 Advertising and promotionPrograms $10,407 · Management $1,098 · Fundraising $0$11,505
IX-13 Office expensesPrograms $73,386 · Management $7,743 · Fundraising $0$81,129
IX-14 Information technologyPrograms $37,822 · Management $3,991 · Fundraising $0$41,813
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $87,893 · Management $9,274 · Fundraising $0$97,167
IX-17 TravelPrograms $9,770 · Management $1,031 · Fundraising $0$10,801
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $3,492 · Management $369 · Fundraising $0$3,861
IX-23 InsurancePrograms $15,946 · Management $1,682 · Fundraising $0$17,628
IX-24 Other expenses (24a–d)Programs $805,813 · Management $85,025 · Fundraising $0$890,838
IX-24e All other expensesPrograms $1,511 · Management $159 · Fundraising $0$1,670
IX-25 Total functional expensesPrograms $4,298,176 · Management $316,599 · Fundraising $0$4,614,775
Part X · Balance sheet $1,461,949 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year −$1,006,724−$643,626
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $321,633$321,633
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $1,466,049$1,783,942
X-16 Total assetsStart of year $780,958$1,461,949
X-17 Accounts payable and accrued expensesStart of year −$2,208$378,663
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,466,049$1,783,942
X-26 Total liabilitiesStart of year $1,463,841$2,162,605
X-27 Net assets without donor restrictionsStart of year −$682,883−$700,656
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$682,883−$700,656
X-33 Total liabilities and net assetsStart of year $780,958$1,461,949
Part XI · Reconciliation of net assets −$700,656 net assets at year end
XI-1 Total revenue$4,743,260
XI-2 Total expenses$4,614,775
XI-3 Revenue less expenses$128,485
XI-4 Net assets at start of year−$682,883
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$146,258
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$700,656

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

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