CAREERWORKS INC

EIN: 822896556 501(c)(3) Education

SEATTLE, WA

Total Revenue
$2,700,749
Total Expenses
$1,497,266
Total Assets
$1,343,556
Net Assets
$1,339,745
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DE
Principal Officer
KYLE HAYDEN
Phone
2063443476
Tax Period
2024-01-01 to 2024-12-31

CAREERWORKS INC, founded in 2017, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 45% operating margin.

Mission

CAREERWORKS, INC. CONNECTS YOUNG ADULTS FROM UNDER-RESOURCED COMMUNITIES TO LASTING, STABLE CAREERS THROUGH FREE TRAINING, AND BUILDS SUPPORTIVE PARTNERSHIPS ADVANCING EQUITABLE ECONOMIC OPPORTUNITY. CAREERWORKS CREATES AN ENVIRONMENT WHERE EVERYONECAN ACHIEVE MEANINGFUL CAREERS, ECONOMIC STABILITY, AND ALL COMMUNITIES THRIVE.

Program Service Accomplishments

Program 1
Expenses: $990,849

CAREERWORKS OFFERS TWO FREE INDUSTRY-SPECIFIC PROGRAMS SO PARTICIPANTS HAVE THE SKILLS TO SUCCEED AND DIRECT ACCESS TO EMPLOYERS WHO ARE HIRING. CAREERWORKS PARTNERS WITH EXPERIENCED WORKFORCE...

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CAREERWORKS OFFERS TWO FREE INDUSTRY-SPECIFIC PROGRAMS SO PARTICIPANTS HAVE THE SKILLS TO SUCCEED AND DIRECT ACCESS TO EMPLOYERS WHO ARE HIRING. CAREERWORKS PARTNERS WITH EXPERIENCED WORKFORCE DEVELOPMENT AND NONPROFIT ORGANIZATIONS AROUND THE COUNTRY TO OPERATE ITS PROGRAMS. CAREERWORKS PROVIDES CURRICULA, LEARNING MANAGEMENT SOFTWARE, SUPPORT, AND A LAUNCH GRANT. CAREERWORKS LEVERAGES THEIR COMMUNITY ROOTS TO RECRUIT AND SUPPORT PARTICIPANTS AND CONNECT THEM DIRECTLY TO EMPLOYERS. CAREERWORKS PARTNERS WITH EMPLOYERS TO ENSURE PROGRAM PARTICIPATION IS ALWAYS FREE, AND TO HIRE PROGRAM GRADUATES (75% PLACEMENT RATE).CAREERWORKS' MODEL IS EFFECTIVE, EFFICIENT, AND CAN SCALE RAPIDLY:CAREERWORKS PARTNERS WITH LOCAL ORGANIZATIONS (TRAINING PARTNERS) IN EACH MARKET TO OPERATE ITS PROGRAMS AND SUPPORT RECRUITING, COACHING, LOCAL FUNDRAISING, AND EMPLOYER CONNECTIONS IN THE COMMUNITIES IN WHICH THEY ARE BASED, ALL WITH FINANCIAL SUPPORT FROM CAREERWORKS.CAREERWORKS CURRENTLY OFFERS TWO INDUSTRY-SPECIFIC CAREER-READINESS PROGRAMS (BANKING AND NON-CLINICAL HEALTHCARE), AND ONE INDUSTRY AGNOSTIC JOB READINESS PROGRAM. THESE PROGRAMS SUPPORT YOUNG ADULTS FROM HISTORICALLY UNDER RESOURCED COMMUNITIES TO GAIN SKILLS, RESOURCES, AND ACCESS TO ENTRY-LEVEL JOBS WITH CAREER-GROWTH POTENTIAL THEY NEED TO ACHIEVE ECONOMIC STABILITY FOR THEMSELVES AND THEIR FAMILIES. THESE PROGRAMS ARE ALWAYS FREE FOR ALL PARTICIPANTS. CAREERWORKS PROVIDES ITS PROPRIETARY INDUSTRY-SPECIFIC CURRICULA, ONLINE LEARNING PLATFORM, INSTRUCTION STAFF TRAINING, AND ONGOING SUPPORT TO TRAINING PARTNERS WHO OPERATE ITS PROGRAMS, AT NO COST. WITH THE TRAINING PARTNERS, CAREERWORKS ENGAGES EMPLOYERS IN EVERY STEP OF THE PROCESS, FROM BUILDING CURRICULA TO MENTORSHIP TO SKILLS DEVELOPMENT TO A PERSONALIZED JOB FAIR FOLLOWING GRADUATION FROM CAREERWORKS MEDICAL AND BANKWORKS. CAREERWORKS KNOWS THESE PERSONAL INTRODUCTIONS AND THE DEMONSTRATED SUCCESS OF THE PROGRAMS MEAN EMPLOYERS ARE CONFIDENT HIRING GRADUATES. CAREERWORKS WORKS DIRECTLY WITH EMPLOYERS, WHO OFFER BOTH PHILANTHROPIC SUPPORT AND COMMITMENTS TO INTERVIEW AND HIRE PROGRAM GRADUATES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,696,897
Program Service Revenue $0
Investment Income $2,900
Other Revenue $952
TOTAL REVENUE $2,700,749

Expense Breakdown

Grants Paid $460,000
Salaries & Benefits $611,924
Fundraising Expenses $97,210
Program Expenses $990,849
Other Expenses $425,342
TOTAL EXPENSES $1,497,266

Year-over-Year Comparison

2024 2023 Change
Revenue $2,700,749 $1,569,052 +0.7%
Expenses $1,497,266 $1,978,091 -0.2%
Net Income $1,203,483 $-409,039 -3.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
7
Volunteers
17

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
4
$0
Total Directors
17
$0
Key Employees
1
$181,022
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANKO FUKUDA DIRECTOR OF PROGRAMS 40.00
Key Emp
$169,779 $11,243 $181,022
LATOYA EDMONDS DIRECTOR OF DEVELOPMENT 40.00
Highest
$137,579 $10,277 $147,856
DUNCAN TAYLOR PRESIDENT 5.00
Officer Director
$0 $0 $0
KYLE HAYDEN CFO 5.00
Officer Director
$0 $0 $0
LAURIE STEWART CHAIR 1.00
Officer Director
$0 $0 $0
MEGAN MANAGAN SECRETARY 1.00
Officer Director
$0 $0 $0
CLAYTON DEHAAN BOARD MEMBER 1.00
Director
$0 $0 $0
LISA HEFTER BOARD MEMBER 1.00
Director
$0 $0 $0
BRYAN MCDONALD BOARD MEMBER 1.00
Director
$0 $0 $0
DON STAFFORD BOARD MEMBER 1.00
Director
$0 $0 $0
LES BILLER BOARD MEMBER (UNTIL 07/2024) 10.00
Director
$0 $0 $0
SHERI BILLER BOARD MEMBER (UNTIL 07/2024) 10.00
Director
$0 $0 $0
HOWARD BEHAR BOARD MEMBER (UNTIL 07/2024) 1.00
Director
$0 $0 $0
YVONNE BELL BOARD MEMBER (UNTIL 07/2024) 1.00
Director
$0 $0 $0
SARAH LYDING BOARD MEMBER (UNTIL 07/2024) 1.00
Director
$0 $0 $0
LINDSEY KOZBERG BOARD MEMBER (UNTIL 07/2024) 1.00
Director
$0 $0 $0
PEDO MARTI BOARD MEMBER (UNTIL 07/2024) 1.00
Director
$0 $0 $0
JOHN OHANESIAN BOARD MEMBER (UNTIL 07/2024) 1.00
Director
$0 $0 $0
RICHARD POWELL BOARD MEMBER (UNTIL 07/2024) 1.00
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
2024 $2,700,749 $1,497,266 $1,343,556 $1,203,483
2023 $1,569,052 $1,978,091 $147,864 $-409,039
2022 $2,302,834 $2,099,368 $628,664 $203,466
2021 $2,124,184 $1,910,570 $374,714 $213,614
2020 $875,417 $1,904,850 $200,359 $-1,029,433
2019 $1,472,056 $673,817 $1,304,009 $798,239
2018 $493,112 $12,230 $482,235 $480,882
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