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Nonprofiteer
← CAPITAL WORKFORCE PARTNERS INC

Form 990 for tax year 2024

Filed by CAPITAL WORKFORCE PARTNERS INC.

Totals

Total revenue
$28,229,277
Total expenses
$28,088,379
Contributions and grants received
$28,229,277
Grants paid
$16,614,437
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,854,333
Total liabilities, end of year
$7,430,954
Net assets or fund balances, end of year
$423,379
Program services expenses (Part IX)
$26,093,226
Management and general expenses
$1,995,153
Fundraising expenses
$0
Program service expenses (Part III)
$26,093,226

Program services were 92.9% 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)

    $25,915,785

  • 1f · All other contributions, gifts and grants

    $2,313,492

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,565,744 · program services $15,565,744

  • 2 · Grants to domestic individuals

    total $1,048,693 · program services $1,048,693

  • 5 · Compensation of officers, directors and key employees

    total $404,224 · management and general $404,224

  • 7 · Other salaries and wages

    total $3,508,057 · program services $2,685,669 · management and general $822,388

  • 8 · Pension plan contributions

    total $194,788 · program services $139,334 · management and general $55,454

  • 9 · Other employee benefits

    total $744,574 · program services $532,601 · management and general $211,973

  • 10 · Payroll taxes

    total $280,924 · program services $200,948 · management and general $79,976

  • 11b · Fees: legal

    total $22,140 · management and general $22,140

  • 11c · Fees: accounting

    total $42,544 · management and general $42,544

  • 11g · Fees: other

    total $4,282,527 · program services $4,238,231 · management and general $44,296

  • 13 · Office expenses

    total $39,402 · program services $37,293 · management and general $2,109

  • 14 · Information technology

    total $451,062 · program services $374,319 · management and general $76,743

  • 16 · Occupancy

    total $973,851 · program services $901,938 · management and general $71,913

  • 17 · Travel

    total $7,915 · program services $5,276 · management and general $2,639

  • 19 · Conferences, conventions and meetings

    total $156,477 · program services $94,484 · management and general $61,993

  • 22 · Depreciation, depletion and amortization

    total $7,043 · program services $1,654 · management and general $5,389

  • 23 · Insurance

    total $61,941 · program services $35,125 · management and general $26,816

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $136,638 · program services $107,800 · management and general $28,838

  • 24b · Other expenses: COMMUNICATIONS

    total $124,422 · program services $110,712 · management and general $13,710

  • 24c · Other expenses: MEMBERSHIPS

    total $22,958 · program services $9,662 · management and general $13,296

  • 24d · Other expenses: MISCELLANEOUS

    total $8,405 · management and general $8,405

  • 24e · All other expenses

    total $4,050 · program services $3,743 · management and general $307

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,350,827 · end of year $4,743,071

  • 3 · Pledges and grants receivable

    beginning of year $2,025,246 · end of year $2,042,151

  • 4 · Accounts receivable

    beginning of year $109,594 · end of year $117,957

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100,400 · end of year $256,405

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

    $900,698

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

    $887,824

  • 10c · Land, buildings and equipment, net

    beginning of year $19,917 · end of year $12,874

  • 15 · Other assets

    beginning of year $1,200,979 · end of year $681,875

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,793,662 · end of year $4,988,841

  • 19 · Deferred revenue

    beginning of year $1,527,408 · end of year $1,454,724

  • 25 · Other liabilities

    beginning of year $1,203,412 · end of year $987,389

  • 27 · Net assets without donor restrictions

    beginning of year $67,413 · end of year $142,852

  • 28 · Net assets with donor restrictions

    beginning of year $215,068 · end of year $280,527

Mission and programs · 2024

Mission

A REGIONAL WORKFORCE INVESTMENT BOARD SERVING 37 MUNICIPALITIES IN NORTH CENTRAL CT. THE BOARD COORDINATES COMPREHENSIVE PROGRAMS FOR JOB SEEKING EMPLOYEES.

Activities or mission (Part I)

CAPITAL WORKFORCE PARTNERS IS A REGIONAL WORKFORCE INVESTMENT BOARD SERVING 37 MUNICIPALITIES IN NORTH CENTRAL CONNECTICUT. THE BOARD COORDINATES COMPREHENSIVE PROGRAMS FOR JOB SEEKING & EMPLOYER, AND ITS MISSION IS TO LEVERAGE PUBLIC AND PRIVATE RESOURCES TO PRODUCE SKILLED WORKERS FOR A COMPETITIVE REGIONAL ECONOMY.

  • ADULT SERVICES - CAPITAL WORKFORCE PARTNERS PROVIDES A HOST OF SERVICES FOR ADULT JOB SEEKERS. SERVICES ARE DELIVERED PRIMARILY AT SEVEN AMERICAN JOB CENTERS AND ONE JOB FUNNEL LOCATION. ALL LOCATIONS ARE IN THE NORTH CENTRAL REGION OF CONNECTICUT COVERING 37 CITIES & TOWNS. CWP ALSO WORKS CLOSELY WITH AREA EMPLOYERS AND VALIDATE AND SUPPORT A DATA DRIVEN LMI SYSTEM TO ENSURE CURRENT AND FUTURE WORKFORCE DEMANDS ARE BEING ADDRESSED. PROGRAMS RUN FROM THOSE SUPPORTED BY THE FEDERAL WORKFORCE INNOVATION AND OPPORTUNITY ACT. FEDERAL USDOL/ETA GRANTS AND STATE AND PHILANTHROPIC SUPPORTED ACTIVITIES WHICH WORK TO CLOSE THE MIDDLE SKILLS GAP IN OUR REGION AND PUT JOB SEEKERS ON A CAREER PATHWAY. 14,267 INDIVIDUALS WERE SERVED.

    Expenses $18,922,679 · Grants $10,253,031

  • YOUTH SERVICES - CAPITAL WORKFORCE PARTNERS ADMINISTERS PROGRAMS FOR OPPORTUNITY YOUTH, (YOUTH AGED 14-24 WHO ARE NOT CONNECTED TO SCHOOL OR EMPLOYMENT), UTILIZING A CAREER PATHWAY MODEL WHICH INCLUDES CAREER COMPETENCY AND OCCUPATIONAL SKILLS TRAINING, WORK BASED LEARNING AND INTERNSHIPS. FEDERAL WORKFORCE INNOVATION AND OPPORTUNITY ACT AND STATE AND PHILANTHROPIC FUNDING SUPPORTS THE REGION'S OPPORTUNITY YOUTH POPULATION THROUGH A VARIETY OF PROGRAMS INCLUDING YEAR-ROUND AND SUMMER YOUTH EMPLOYMENT AND LEARNING PROGRAM. 1876 YOUTH WERE SERVED.

    Expenses $7,170,547 · Grants $5,312,713

As filed on the 2024 return.

Listed in Part VII

  • Alex Johnson

    PRESIDENT/CE

    Total calculated
    $245,355
    From this org
    $224,549
    From related orgs
    $0
    Other
    $20,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,549
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,386
    Nontaxable benefits
    $7,420
    Filer's total
    $245,355
  • Kimberly Staley

    VP/ CHIEF OF

    Total calculated
    $36,472
    From this org
    $36,472
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • James Boucher

    CHIEF STRAT

    Total calculated
    $175,010
    From this org
    $157,511
    From related orgs
    $0
    Other
    $17,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,511
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,205
    Nontaxable benefits
    $7,294
    Filer's total
    $175,010
  • Julie Watson

    ACCOUNTABILI

    Total calculated
    $154,660
    From this org
    $138,458
    From related orgs
    $0
    Other
    $16,202
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,458
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,043
    Nontaxable benefits
    $7,159
    Filer's total
    $154,660
  • Richard McGeary

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Dibella

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Fiona Mohring

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Phillip Montgomery

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Stephen Vaughan

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Todd Andrews

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • David Beber

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Keith Grant

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Matt Hart

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Denis Horrigan

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Andrew Komarow

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Tom Mongellow

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Fernando Muniz

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • John Nimmons

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Tracy Nixon-Moore

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Melissa Otis

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Marcy Reed

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Urvashi Shah

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Rob Steinmetz

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Vinnie Valente

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Susan White

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Maryam Bitar

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Krystal Kelly

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Sandy Reis

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Dan Weiner

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Sandy Mackie

    CHIEF PROG.

    Total calculated
    $145,750
    From this org
    $126,685
    From related orgs
    $0
    Other
    $19,065
    Hours/week
    40
  • Tracy Beckley

    CFO

    Total calculated
    $150,736
    From this org
    $143,203
    From related orgs
    $0
    Other
    $7,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,203
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,255
    Nontaxable benefits
    $1,278
    Filer's total
    $150,736
  • Daniel Garewski

    MGR SP PROG

    Total calculated
    $109,033
    From this org
    $102,039
    From related orgs
    $0
    Other
    $6,994
    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 · 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
23 January 2026
IRS schema version
2024v5.0
Source object
202640339349300214

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