ACTIVATE WORK INC

EIN: 831930213 501(c)(3) Human Services

DENVER, CO

Total Revenue
$4,002,930
Total Expenses
$3,518,829
Total Assets
$3,546,451
Net Assets
$2,134,455
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
DE
Principal Officer
KATHRYN HARRIS
Phone
3039215111
Tax Period
2024-01-01 to 2024-12-31

ACTIVATE WORK INC, founded in 2018, is a community nonprofit in the Human Services sector that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.5M left a modest 12% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $2,935,782 Revenue: $117,046

ACTIVATEWORK INC.'S (ACTIVATEWORK) MISSION IS TO TRANSFORM LIVES BY TRAINING, LAUNCHING, AND COACHING THE NEXT GENERATION OF TECHNOLOGY STARS. THE ORGANIZATION'S RIGOROUS RECRUITMENT, INDUSTRY-DRIVEN...

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ACTIVATEWORK INC.'S (ACTIVATEWORK) MISSION IS TO TRANSFORM LIVES BY TRAINING, LAUNCHING, AND COACHING THE NEXT GENERATION OF TECHNOLOGY STARS. THE ORGANIZATION'S RIGOROUS RECRUITMENT, INDUSTRY-DRIVEN TRAINING, CURATED MATCHES, AND PROFESSIONAL SKILLS COACHING PREPARE NEW EMPLOYEES TO THRIVE IN THEIR CAREERS. BY ENABLING DRIVEN INDIVIDUALS, AGES 18 TO 65, TO BECOME HIGHLY SKILLED, VALUABLE TEAM MEMBERS, ACTIVATEWORK ACTUALIZES ITS CENTRAL VISION OF CREATING A VIBRANT TECH TALENT ECOSYSTEM THAT FUELS OPPORTUNITY, GROWTH, AND PROSPERITY FOR THE ROCKY MOUNTAIN REGION. THROUGH EXCEPTIONAL SKILLS-BASED EXPERIENCES, ACTIVATEWORK LEARNERS BUILD ON THEIR STRENGTHS, MAXIMIZE THEIR ABILITIES, AND TRANSFORM THEIR FUTURES. ACTIVATEWORK HELPS BUILD THRIVING COMMUNITIES BY CONNECTING UNDER-SKILLED, UNDEREMPLOYED, AND UNEMPLOYED ADULTS TO IN-DEMAND CAREERS IN TECHNOLOGY. WITH A PROJECTED GROWTH OF 11.5% OVER THE NEXT FIVE YEARS AND A RAPIDLY EVOLVING SKILLS LANDSCAPE DUE TO THE RISE OF ARTIFICIAL INTELLIGENCE (AI) INTEGRATION, COLORADO'S TECH INDUSTRY URGENTLY NEEDS A MORE SUSTAINABLE TALENT PIPELINE TO KEEP PACE WITH EMPLOYER DEMAND. ACTIVATEWORK ALIGNS THIS WORKFORCE GAP WITH THE UNTAPPED TALENT OF INDIVIDUALS WHO FACE SIGNIFICANT BARRIERS TO SECURING LIVING-WAGE CAREERS. SINCE 2020, ACTIVATEWORK HAS ENROLLED 610 LEARNERS WHO REFLECT UNDERSERVED DEMOGRAPHICS: 93% ARE LOW- INCOME, EARNING BELOW 80% OF THE AREA MEDIAN INCOME (AMI), AND OF THOSE 43% ARE CLASSIFIED AS SEVERELY LOW-INCOME (BELOW 30% OF AMI); 64% DO NOT HAVE A FOUR-YEAR COLLEGE DEGREE; 26% ARE IMMIGRANTS TO THE U.S.; 35% ARE WOMEN; AND 3% ARE VETERANS OR STILL ACTIVE IN THE MILITARY. THE ORGANIZATION IS EXPERIENCED IN RECRUITING, TRAINING, AND CONNECTING THESE LEARNERS TO HIGH-DEMAND CAREER PATHWAYS, ACHIEVING AN 85% PROGRAM COMPLETION RATE FOR ENROLLEES, A 75% JOB PLACEMENT RATE FOR GRADUATES, AND AVERAGE STARTING WAGES 120% GREATER THAN PRE-TRAINING VALUES. FURTHER, THANKS TO ITS ROBUST COACHING PROGRAM, ACTIVATEWORK'S GRADUATES EXPERIENCE EXCEPTIONAL JOB RETENTION, WITH 91% RETAINED AT 6 MONTHS AND 87% RETAINED AT 12 MONTHS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,853,369
Program Service Revenue $117,046
Investment Income $32,513
Other Revenue $2
TOTAL REVENUE $4,002,930

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,656,300
Fundraising Expenses $71,297
Program Expenses $2,935,782
Other Expenses $1,862,529
TOTAL EXPENSES $3,518,829

Year-over-Year Comparison

2024 2023 Change
Revenue $4,002,930 $3,373,201 +0.2%
Expenses $3,518,829 $2,810,321 +0.3%
Net Income $484,101 $562,880 -0.1%
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
7
Employees
21
Volunteers
30

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
$341,205
Total Directors
8
$176,752
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HELEN HAYES CEO/FOUNDER 40.00
Officer Director
$159,480 $17,272 $176,752
SCOTT FAST CHAIR 1.00
Officer Director
$0 $0 $0
DAN KASKUBAR SECRETARY 1.00
Officer Director
$0 $0 $0
FRANCIS MATTHEWS FINANCE COM 1.00
Officer Director
$0 $0 $0
MARCOS STEPHENS DIRECTOR 1.00
Director
$0 $0 $0
LUIS VILLARREAL DIRECTOR 1.00
Director
$0 $0 $0
KARA WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
PAT MEYERS DIRECTOR 1.00
Director
$0 $0 $0
KATHRYN HARRIS PRES/COO 40.00
Officer
$159,480 $4,973 $164,453
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 $4,002,930 $3,518,829 $3,546,451 $484,101
2023 $3,373,201 $2,810,321 $2,531,632 $562,880
2022 $1,503,646 $2,570,110 $1,870,445 $-1,066,464
2021 $1,819,128 $1,303,332 $2,430,292 $515,796
2020 $2,215,482 $884,646 $1,356,079 $1,330,836
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