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Nonprofiteer
← ACTIVATE WORK INC

Form 990 for tax year 2023

Filed by ACTIVATE WORK INC.

Totals

Total revenue
$3,373,201
Total expenses
$2,810,321
Contributions and grants received
$2,950,858
Grants paid
$27,000
Program service revenue
$374,478
Investment income
$43,545
Other revenue
$4,320
Total assets, end of year
$2,531,632
Total liabilities, end of year
$882,910
Net assets or fund balances, end of year
$1,648,722
Program services expenses (Part IX)
$2,213,201
Management and general expenses
$530,854
Fundraising expenses
$66,266
Program service expenses (Part III)
$2,213,201

Program services were 78.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,004,813

  • 1f · All other contributions, gifts and grants

    $1,946,045

  • 1g · Noncash contributions included above

    $4,475

  • 2a · Program service revenue: SERVICE FEES

    total $374,478 · related or exempt $374,478

  • 3 · Investment income

    total $42,366 · excluded $42,366

  • 7a · Gross sales of assets other than inventory

    securities $1,010,963

  • 7b · Less cost or other basis and sales expenses

    securities $1,009,784

  • 7c · Gain or loss

    securities $1,179

  • 7d · Net gain or loss

    total $1,179 · excluded $1,179

  • 11a · Other revenue: MISCELLANEOUS

    total $4,320 · related or exempt $4,320

  • 11e · Other revenue, total

    $4,320

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,000 · program services $27,000

  • 5 · Compensation of officers, directors and key employees

    total $330,512 · program services $290,851 · management and general $36,356 · fundraising $3,305

  • 7 · Other salaries and wages

    total $834,045 · program services $733,960 · management and general $91,745 · fundraising $8,340

  • 8 · Pension plan contributions

    total $17,609 · program services $15,496 · management and general $1,937 · fundraising $176

  • 9 · Other employee benefits

    total $82,750 · program services $72,820 · management and general $9,102 · fundraising $828

  • 10 · Payroll taxes

    total $124,125 · program services $109,230 · management and general $13,654 · fundraising $1,241

  • 11g · Fees: other

    total $377,779 · program services $176,769 · management and general $153,710 · fundraising $47,300

  • 12 · Advertising and promotion

    total $70,153 · program services $2,620 · management and general $67,533

  • 13 · Office expenses

    total $21,763 · program services $2,450 · management and general $19,313

  • 14 · Information technology

    total $54,564 · program services $17,199 · management and general $37,365

  • 16 · Occupancy

    total $119,551 · program services $105,205 · management and general $13,151 · fundraising $1,195

  • 22 · Depreciation, depletion and amortization

    total $38,057 · program services $33,490 · management and general $4,186 · fundraising $381

  • 23 · Insurance

    total $10,460 · management and general $10,460

  • 24a · Other expenses: STAFF, RECRUITING, DEV

    total $670,104 · program services $625,995 · management and general $40,609 · fundraising $3,500

  • 24b · Other expenses: MISC

    total $31,849 · program services $116 · management and general $31,733

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $279,634 · end of year $508,020

  • 2 · Savings and temporary cash investments

    beginning of year $190,490 · end of year $700,216

  • 3 · Pledges and grants receivable

    beginning of year $162,213 · end of year $945,183

  • 4 · Accounts receivable

    beginning of year $32,650 · end of year $153,458

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,853 · end of year $43,824

  • 10a · Land, buildings and equipment: cost or other basis

    $258,629

  • 10b · Land, buildings and equipment: accumulated depreciation

    $77,698

  • 10c · Land, buildings and equipment, net

    beginning of year $145,642 · end of year $180,931

  • 11 · Investments: publicly traded securities

    beginning of year $1,010,963

  • 17 · Accounts payable and accrued expenses

    beginning of year $271,035 · end of year $411,060

  • 19 · Deferred revenue

    beginning of year $42,375 · end of year $3,250

  • 25 · Other liabilities

    beginning of year $471,173 · end of year $468,600

  • 27 · Net assets without donor restrictions

    beginning of year $942,482 · end of year $1,107,889

  • 28 · Net assets with donor restrictions

    beginning of year $143,380 · end of year $540,833

Mission and programs · 2023

Mission

WE PROVIDE TRAINING, COACHING, COMMUNITY SUPPORTS AND ACCESS TO LEADING COLORADO EMPLOYERS ENABLING COLORADANS TO ACHEIVE ECONOMIC SECURITY, MOBILITY AND PROSPERITY.

  • ACTIVATEWORK'S MISSION IS TO CONNECT DIVERSE, QUALIFIED TALENT TO LEADING IT EMPLOYERS THROUGH RIGOROUS SKILLS TRAINING, COMMUNITY RESOURCES, AND PROFESSIONAL AND LIFE SKILLS COACHING. THE ORGANIZATION BELIEVES THAT EMPLOYMENT IS A KEY DRIVER OF ECONOMIC MOBILITY AND THAT EVIDENCE-BASED TRAINING AND UPSKILLING PROGRAMS ARE A HIGHLY EFFECTIVE COUNTERPART TO TRADITIONAL EDUCATIONAL PATHWAYS TO HELP DIVERSE INDIVIDUALS AND FAMILIES STABILIZE AND ADVANCE. FOUR KEY ELEMENTS DIFFERENTIATE ACTIVATEWORK'S MISSION-DRIVEN GROWTH AND SUCCESS FROM SIMILAR WORKFORCE DEVELOPMENT ORGANIZATIONS: (1) STRONG RELATIONSHIP-BUILDING AND ACCOUNT MANAGEMENT WITH MORE THAN 50 EMPLOYER PARTNERS ACROSS BUSINESS SECTORS; (2) A CENTRALIZED, SCALABLE, AND DIVERSE TALENT PIPELINE OF JOB CANDIDATES WHO ARE PRE-VETTED, TRAINED, AND CREDENTIALED TO FILL ENTRY- TO MID-LEVEL IT POSITIONS; (3) A ROBUST IN- COURSE AND POST-PLACEMENT COACHING PROGRAM; AND (4) ROBUST PARTNERSHIP WITH PER SCHOLAS, A NATIONALLY RECOGNIZED EVIDENCE-BASED NONPROFIT THAT HAS TRAINED MORE THAN 25,000 IT PROFESSIONALS AND MATCHED THEM TO MORE THAN 650 COMPANIES IN 23 CITIES. ACTIVATEWORK IS FOCUSED ON LAUNCHING PROFESSIONAL CAREERS FOR UNDERREPRESENTED INDIVIDUALS 18-65 IN THE IN-DEMAND TECH INDUSTRY. THE ORGANIZATION ENROLLS DIVERSE LEARNERS WHO STRUGGLE TO FIND CAREER PATHWAYS FOR A VARIETY OF REASONS, FROM LACKING A COLLEGE DEGREE TO BEING UNABLE TO FIND OR AFFORD CHILDCARE. AS 84% OF ACTIVATEWORK'S LEARNERS ARE LOW-INCOME, THE ORGANIZATION PROVIDES THEM WITH WRAPAROUND SUPPORT SUCH AS EMPLOYMENT COACHING, FINANCIAL COACHING TO NAVIGATE THE CLIFF EFFECT AFTER THEY ACHIEVE EMPLOYMENT AND LOSE GOVERNMENT SUPPORT, AND DURABLE-SKILLS TRAINING TO HELP THEM OVERCOME THESE BARRIERS AND ENTER THE WORKFORCE LONG-TERM. FURTHERMORE, THE ORGANIZATION FOCUSES ON INDIVIDUALS WHO ARE UNDER-SKILLED, UNDEREMPLOYED, AND UNEMPLOYED AND TARGETS POPULATIONS UNDERREPRESENTED IN THE IT SECTOR, INCLUDING WOMEN, IMMIGRANTS, PEOPLE OF COLOR, AND VETERANS.

    Expenses $2,213,201 · Grants $27,000 · Revenue $374,478

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Helen Hayes

    CEO/FOUNDER

    Total calculated
    $172,093
    From this org
    $155,445
    From related orgs
    $0
    Other
    $16,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,445
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,610
    Nontaxable benefits
    $12,038
    Filer's total
    $172,093

  • Scott Fast

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dan Kaskubar

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Frannie Matthews

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jennier Mote

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcos Stephens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Luis Villarreal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kara Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Harris

    PRES/COO

    Total calculated
    $158,383
    From this org
    $154,981
    From related orgs
    $0
    Other
    $3,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,981
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,402
    Nontaxable benefits
    not reported
    Filer's total
    $158,383

  • Linda Streeter

    CHIEF ENGAGE

    Total calculated
    $128,518
    From this org
    $116,022
    From related orgs
    $0
    Other
    $12,496
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.0
Source object
202412849349302161

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