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Nonprofiteer
← CAREERWISE COLORADO

Form 990 for tax year 2023

Filed by CAREERWISE COLORADO.

Totals

Total revenue
$16,382,054
Total expenses
$8,482,884
Contributions and grants received
$14,668,389
Grants paid
$785,884
Program service revenue
$1,636,147
Investment income
$67,085
Other revenue
$10,433
Total assets, end of year
$15,381,488
Total liabilities, end of year
$1,315,128
Net assets or fund balances, end of year
$14,066,360
Program services expenses (Part IX)
$7,455,149
Management and general expenses
$778,246
Fundraising expenses
$249,489
Program service expenses (Part III)
$7,455,149

Program services were 87.9% 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)

    $2,053,844

  • 1f · All other contributions, gifts and grants

    $12,614,545

  • 2a · Program service revenue: NATIONAL STRATEGY ENGAGEMENT

    total $987,371 · related or exempt $987,371

  • 2b · Program service revenue: NATIONAL STRATEGY EVENT FEES

    total $418,372 · related or exempt $418,372

  • 2c · Program service revenue: BUSINESS PARTNER FEES

    total $230,404 · related or exempt $230,404

  • 3 · Investment income

    total $67,085 · excluded $67,085

  • 11a · Other revenue: OTHER INCOME

    total $10,433 · related or exempt $10,433

  • 11e · Other revenue, total

    $10,433

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $785,884 · program services $785,884

  • 5 · Compensation of officers, directors and key employees

    total $755,881 · program services $513,115 · management and general $105,821 · fundraising $136,945

  • 7 · Other salaries and wages

    total $3,706,984 · program services $3,343,626 · management and general $333,138 · fundraising $30,220

  • 8 · Pension plan contributions

    total $114,016 · program services $102,267 · management and general $10,521 · fundraising $1,228

  • 9 · Other employee benefits

    total $332,622 · program services $297,690 · management and general $29,783 · fundraising $5,149

  • 10 · Payroll taxes

    total $385,227 · program services $333,989 · management and general $37,617 · fundraising $13,621

  • 11b · Fees: legal

    total $83,229 · management and general $83,229

  • 11c · Fees: accounting

    total $23,368 · management and general $23,368

  • 11d · Fees: lobbying

    total $221,000 · program services $221,000

  • 11g · Fees: other

    total $412,932 · program services $283,296 · management and general $85,081 · fundraising $44,555

  • 12 · Advertising and promotion

    total $60,117 · program services $59,770 · management and general $347

  • 13 · Office expenses

    total $53,642 · program services $44,604 · management and general $8,243 · fundraising $795

  • 14 · Information technology

    total $72,255 · program services $63,576 · management and general $7,166 · fundraising $1,513

  • 16 · Occupancy

    total $180,947 · program services $160,005 · management and general $17,291 · fundraising $3,651

  • 17 · Travel

    total $334,763 · program services $298,902 · management and general $26,464 · fundraising $9,397

  • 22 · Depreciation, depletion and amortization

    total $1,221 · program services $282 · management and general $775 · fundraising $164

  • 23 · Insurance

    total $12,479 · program services $10,980 · management and general $1,238 · fundraising $261

  • 24a · Other expenses: EVENTS

    total $565,455 · program services $565,455

  • 24b · Other expenses: CURRICULUM DEVELOPMENT

    total $298,264 · program services $298,264

  • 24c · Other expenses: STAFF TRAINING AND DEVELO

    total $64,586 · program services $56,828 · management and general $6,405 · fundraising $1,353

  • 24d · Other expenses: RECRUITING AND RELOCATION

    total $18,012 · program services $15,616 · management and general $1,759 · fundraising $637

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,747,691 · end of year $6,283,614

  • 3 · Pledges and grants receivable

    beginning of year $568,512 · end of year $1,212,212

  • 4 · Accounts receivable

    beginning of year $113,488 · end of year $154,426

  • 9 · Prepaid expenses and deferred charges

    beginning of year $177,742 · end of year $97,978

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

    $312,962

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

    $308,589

  • 10c · Land, buildings and equipment, net

    beginning of year $5,594 · end of year $4,373

  • 11 · Investments: publicly traded securities

    end of year $7,087,649

  • 15 · Other assets

    beginning of year $692,278 · end of year $541,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $408,875 · end of year $686,059

  • 19 · Deferred revenue

    beginning of year $119,515 · end of year $75,464

  • 25 · Other liabilities

    beginning of year $698,051 · end of year $553,605

  • 27 · Net assets without donor restrictions

    beginning of year $2,920,717 · end of year $10,544,521

  • 28 · Net assets with donor restrictions

    beginning of year $3,158,147 · end of year $3,521,839

Mission and programs · 2023

Mission

CAREERWISE'S MISSION IS TO CREATE OPPORTUNITIES FOR YOUTH AND BUSINESSES IN COLORADO AND ACROSS THE COUNTRY BY DEVELOPING AND SUPPORTING AN INNOVATIVE, SUSTAINABLE YOUTH APPRENTICESHIP PROGRAM. THROUGH THIS BUSINESS-LED, STUDENT-CENTERED MODEL, CAREERWISE BRINGS TOGETHER PUBLIC AND PRIVATE STAKEHOLDERS TO ENSURE THAT STUDENTS HAVE ACCESS TO THE SKILLS AND KNOWLEDGE THEY NEED FOR FINANCIAL AND ACADEMIC SUCCESS, AND THAT BUSINESSES HAVE ACCESS TO HIGHLY TRAINED TALENT.

Activities or mission (Part I)

DEVELOP AND SUPPORT AN INNOVATIVE, SUSTAINABLE YOUTH APPRENTICESHIP SYSTEM.

  • CAREERWISE IS A PIONEERING NONPROFIT THAT CATALYZES THE DEVELOPMENT OF BUSINESS-LED, MODERN YOUTH APPRENTICESHIP PROGRAMS AND SYSTEMS IN COMMUNITIES, REGIONS AND STATES ACROSS THE COUNTRY. IN JUST SEVEN YEARS, CAREERWISE HAS NOT ONLY SUCCESSFULLY LAUNCHED AND GROWN A COALITION OF BUSINESSES AND SCHOOLS IN ITS FLAGSHIP LOCATION OF COLORADO WHO ARE REDEFINING APPRENTICESHIP FOR THE 21ST CENTURY BY IMPLEMENTING THE MODEL, BUT CAREERWISE HAS ALSO BUILT THE CAPACITY TO CONSULT WITH AND SUPPORT OTHER COMMUNITIES LOOKING TO DO THE SAME. CAREERWISE TOOLS, TECHNOLOGIES AND PROCESSES, BUILT AND REFINED IN COLORADO, ARE NOW BEING LEVERAGED BY A GROWING NATIONAL NETWORK OF PARTNER INITIATIVES SEEKING TO CLOSE THE GAP BETWEEN EDUCATION AND EMPLOYMENT TO ENABLE MORE EQUITABLE ECONOMIC AND EDUCATIONAL OUTCOMES. COMBINING PAID, ON-THE-JOB TRAINING WITH CONTINUED CLASSROOM EDUCATION AT SECONDARY AND POSTSECONDARY INSTITUTIONS, CAREERWISE'S MODERN YOUTH APPRENTICESHIPS PROVIDE BENEFIT TO EMPLOYERS, STUDENTS AND SOCIETY ALIKE. SUCCESSFUL APPRENTICES ARE EQUIPPED TO SUCCEED IN CAREER AND/OR COLLEGE, WIDENING THE DOOR TO OPPORTUNITY BY MULTIPLYING THEIR OPTIONS AND CULTIVATING A MORE SKILLED WORKFORCE FOR A QUICKLY CHANGING ECONOMY. CAREERWISE IS HONORED TO HAVE BLOOMBERG PHILANTHROPIES, THE BILL & MELINDA GATES FOUNDATION, THE CHICAGO COMMUNITY FOUNDATION, ICONIQ IMPACT EDUCATION & ECONOMIC MOBILITY CO-LAB, AND THE UNITED STATES DEPARTMENT OF LABOR AMONG NATIONAL FUNDERS WHO HAVE SUPPORTED THE PILOTING OF MODERN YOUTH APPRENTICESHIP IN THE UNITED STATES BY INVESTING IN CAREERWISE'S SYSTEM. WITH ADDITIONAL SUPPORT FROM LOCAL FUNDERS INCLUDING THE DANIELS FUND, THE BEACON FUND, THE COLORADO HEALTH FOUNDATION, ZOMA FOUNDATION AND THE STATE OF COLORADO, THE ORGANIZATION HAS GARNERED SIGNIFICANT PHILANTHROPIC AND GOVERNMENT INVESTMENT IN RECOGNITION OF ITS STATUS AS A FIELD-BUILDING INNOVATOR. CAREERWISE'S LOCALLY IMPLEMENTED PROGRAMS BROKER FORMAL RELATIONSHIPS BETWEEN BUSINESSES AND STUDENTS AND THE SCHOOLS WHERE THEY LEARN, INCLUDING BOTH K-12 INSTITUTIONS AND INSTITUTIONS OF HIGHER EDUCATION. MOREOVER, CAREERWISE'S NATIONAL TEAM ALSO COORDINATES BETWEEN THOSE LOCAL PROGRAMS, WHICH COMPRISE A GROWING NATIONWIDE NETWORK OF LEADERS SEEKING TO IDENTIFY AND CAPTURE BEST PRACTICES FOR SCALE AND IMPACT. AS A RECIPIENT OF FEDERAL FUNDING, CAREERWISE ALSO PLAYS A LEADERSHIP ROLE IN HELPING GROW AND MODERNIZE THE U.S. REGISTERED APPRENTICESHIP SYSTEM BY SERVING YOUNGER, MORE DIVERSE POPULATIONS OF APPRENTICES WHO WORK IN MODERN INDUSTRY. CAREERWISE CONTINUES TO RECEIVE NOTABLE ATTENTION FROM LEADING RESEARCH INSTITUTES AND POLICYMAKERS. IN 2023, CAREERWISE COLORADO FOCUSED NOT ONLY ON GROWING THE FOOTPRINT OF CAREERWISE YOUTH APPRENTICESHIP BUT ALSO ON SEEDING ALIGNED WORK ACROSS THE STATE, INCLUDING A PATHBREAKING TEACHING DEGREE APPRENTICESHIP. ADDITIONALLY, CAREERWISE NEW YORK CONTINUED TO BUILD ON MOMENTUM GENERATED FROM THE LAUNCH OF ITS CAREER READINESS AND MODERN YOUTH APPRENTICESHIP PROGRAM WHICH RAPIDLY SCALED EACH ELEMENT OF ITS WORK IN COLABORATION WITH 58 PUBLIC HIGH SCHOOLS ACROSS THE CITY.

    Expenses $7,455,149 · Grants $785,884 · Revenue $1,636,147

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

Listed in Part VII

  • HEATHER WEBB

    PRES. CWC AS

    Total calculated
    $145,341
    From this org
    $130,723
    From related orgs
    $0
    Other
    $14,618
    Hours/week
    40

  • RYAN GENSLER

    EVP, CWUSA

    Total calculated
    $142,600
    From this org
    $131,005
    From related orgs
    $0
    Other
    $11,595
    Hours/week
    40

  • PARKER ALLEMAN

    SLSFORCE DAT

    Total calculated
    $139,150
    From this org
    $118,232
    From related orgs
    $0
    Other
    $20,918
    Hours/week
    40

  • HOLLIS SALWAY

    VP DEVEL THR

    Total calculated
    $136,945
    From this org
    $125,112
    From related orgs
    $0
    Other
    $11,833
    Hours/week
    40

  • JANA PERSKY

    VP PRDCT OPS

    Total calculated
    $133,519
    From this org
    $120,148
    From related orgs
    $0
    Other
    $13,371
    Hours/week
    40

  • ALEXANDRA PEEK

    DIR OF TECH

    Total calculated
    $131,988
    From this org
    $119,539
    From related orgs
    $0
    Other
    $12,449
    Hours/week
    40

  • ALEXANDER BARNES

    SALESFORCE D

    Total calculated
    $128,755
    From this org
    $116,146
    From related orgs
    $0
    Other
    $12,609
    Hours/week
    40

  • CAROLYN RENAUD

    DIR, BUSINES

    Total calculated
    $128,243
    From this org
    $112,431
    From related orgs
    $0
    Other
    $15,812
    Hours/week
    40

  • JASON JANSKY

    DIR OF MKTNG

    Total calculated
    $116,740
    From this org
    $101,713
    From related orgs
    $0
    Other
    $15,027
    Hours/week
    40

  • KATHRYN BEACH

    VP OF ACCT

    Total calculated
    $105,821
    From this org
    $95,835
    From related orgs
    $0
    Other
    $9,986
    Hours/week
    30

  • MEAGHAN SULLIVAN

    PRES. CWC TH

    Total calculated
    $91,655
    From this org
    $84,685
    From related orgs
    $0
    Other
    $6,970
    Hours/week
    40

  • NOEL GINSBERG

    FOUNDER & CE

    Total calculated
    $0
    Hours/week
    40

  • PHIL KALIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JJ AMENT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • FIONA ARNOLD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY CARTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN HEATH COLON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CLAIRE FIDDIAN-GREEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIM HUNTER-REED

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUZI LEVINE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DONNA LYNNE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINDSEY PADRINO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JESUS SALAZAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAY SEATON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRIS TERRILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHIL WEISER

    EMERITUS

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
16 May 2024
IRS schema version
2023v5.0
Source object
202411379349302471

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