GREATER PENINSULA WORKFORCE DEVELOPMENT CORPORATION

EIN: 263109440 501(c)(3)

NEWPORT NEWS, VA

Total Revenue
$263,226
Total Expenses
$355,225
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
VA
Phone
7578263327
Tax Period
2020-07-01 to 2021-06-30

GREATER PENINSULA WORKFORCE DEVELOPMENT CORPORATION, founded in 2015, is a small nonprofit that reported $316K in total revenue in fiscal year 2018. Expenses of $303K left a modest 4% surplus.

Mission

TO RAISE FUNDS TO FOSTER THE MISSION OF THE GREATER PENINSULA WORKFORCE DEVELOPMENT CONSORTIUM.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $263,226
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $263,226

Expense Breakdown

Grants Paid $266,519
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $355,225
Other Expenses $88,706
TOTAL EXPENSES $355,225

Year-over-Year Comparison

2020 2019 Change
Revenue $263,226 $339,815 -0.2%
Expenses $355,225 $257,811 +0.4%
Net Income $-91,999 $82,004 -2.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JOHN OLSON CHAIRMAN 10.00
Officer Director
$0 $0 $0
DR VINCE WARREN VICE CHAIR 10.00
Officer Director
$0 $0 $0
DALE STONE TREASURER 10.00
Officer Director
$0 $0 $0
THE HONORABLE HRBERT R GREEN DIRECTOR 10.00
Director
$0 $0 $0
THE HONORABLE TINA VICK CHAIR 10.00
Officer Director
$0 $0 $0
WILLIAM MANN JR SECRETARY 10.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $263,226 $355,225 No data $-91,999
2020 $339,815 $257,811 $94,421 $82,004
2019 $315,501 $303,086 $12,415 $12,415
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