Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
4.24x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
100th percentile
Higher top officer pay than 100% of similar nonprofits.
Top officer pay equals 953.5% of source-year revenue.
Asset Growth
93rd percentile
Faster asset growth than 93% of similar nonprofits.
Revenue Growth
95th percentile
Faster revenue growth than 95% of similar nonprofits.
Balance Sheet
Assets
Up$206,542
Up $142,721 (+224%) from 2014
Net Assets
-$668,882
No earlier filing loaded for comparison.
Liabilities
Up$875,424
Up $639,457 (+271%) from 2014
Revenue And Expenses
Revenue
Up$214,540
Up $150,719 (+236%) from 2014
Expenses
Up$711,376
Up $475,509 (+202%) from 2014
Net Income
Down-$496,836
Down $324,790 (-189%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Aug 30, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $214,540
Mission and Program Overview
Mission
Formed in 2014, workcred is an affiliate of the american national standards institute (ansi). Workcred's mission is to strengthen workforce quality by improving the credentialing system, ensuring its ongoing relevance, and preparing employers, workers, educators, and governments to use it effectively.
Workcred's mission is to strengthen workforce quality by improving the credentialing system, ensuring its ongoing relevance, and preparing employers, workers, educators, and governments to use it effectively, in order to strengthen workforce quality.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $63,821 | $206,542 | ▲ $142,721 |
| Total Assets | $63,821 | $206,542 | ▲ $142,721 |
| Liabilities | |||
| Other Liabilities | $235,867 | $875,424 | ▲ $639,557 |
| Total Liabilities | $235,867 | $875,424 | ▲ $639,557 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $-172,046 | $-668,882 | ▼ $496,836 |
| Total Net Assets Fund Balance | $-172,046 | $-668,882 | ▼ $496,836 |
| Total Liabilities and Net Assets / Fund Balance | $63,821 | $206,542 | ▲ $142,721 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Saranjit Bhatia | President |
| Andrew Updegrove | Director |
| Beth Offenhartz Carlson | Director |
| Cynthia Dominick Woodley | Director |
| Frances Schrotter | Director |
| Patricia Griffin | Director |
| Roger Anthony Tadajewski | Director |
| Ron Dearing Jr | Director |
| Stephen Crawford | Director |
| Dr Keith W Bird | Director (former) |
| Margaret Jensen | Treasurer |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| American National Standards Institute | Management | 25 WEST 43RD STREET, New York, NY 10036 | $667,328 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $214,540
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $-496,836
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $711,376 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $336,983 | $280,793 | - | $617,776 |
| Occupancy | $49,552 | - | - | $49,552 |
| Travel | $39,537 | - | - | $39,537 |
| Conferences and Meetings | $4,511 | - | - | $4,511 |
| Total Functional Expenses | $430,583 | $280,793 | $0 | $711,376 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| - | Management Contract | Management Services | No | $667,328 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Loan From Supported Organization | $875,424 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- Yes
- Management duties delegated
- Yes
Governance Explanations
Form 990, Part VI, Section A, Line 2
“Workcred share common management employees with the american national standards institute.”
Form 990, Part VI, Section A, Line 3
“Ansi, a related organization provides managerial services to workcred, inc.”
Form 990, Part VI, Section A, Line 7A
“The members of the organization may elect one or more members of the governing body.”
Form 990, Part VI, Section A, Line 7B
“The decisions of the governing body are subject to approval by the members.”
Form 990, Part VI, Section B, Line 11
“The 990 was reviewed and approved at the august 25, 2016 board meeting.”
Form 990, Part VI, Section B, Line 12C
“The current board of directors conflict of interest policy is detailed in the workcred by-laws. In this document it is explained that each member of the board has a duty to disclose if any actual or potential conflict of interest arises and it sets forth the procedures for dealing with any such conflicts. As of 2016, workcred will now require board members to sign this policy on an annual basis to confirm they have read and understood the policy and that no actual or potential conflict exists.”
Form 990, Part VI, Section B, Line 15
“This process is outlined in the by-laws of ansi. The board compensation committee is charged with establishing and approving compensation and benefits for the president, corporate officers and staff on behalf of the board. The compensation committee is charged with reviewing periodically and approving changes as required to the compensation and benefit policies for the corporate officers and staff of the institute, evaluating annually the performance of the president and establishing an appropriate compensation and benefits schedule for the president, and reviewing and approving other policies concerning employee compensation and benefits.”
Form 990, Part VI, Section C, Line 19
“Part vi - section c, question 19 workcred's by-laws, board of directors conflict of interest policy and annual reports are available to the public upon request.”
PART VI, SECTION A, BOX 13-14:
“As of the august 25, 2016 board meeting, workcred has adopted the governance policies of its supported organizaton, the american national standards institute, which include the whistleblower policy, document retention, and destruction policy.”
Filing and Contact Details
Filer
- Filer Name
- Workcred Inc
- EIN
- 47-1467778
- Phone
- 2022938020
- Address
- 1899 L STREET NW NO 11 FL, WASHINGTON, DC 20036
Signing Officer
- Name
- Margaret Jensen
- Title
- Treasurer
- Phone
- 2022938020
- Signed
- 2016-08-30
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Margaret Jensen
- Formed
- 2014
- Legal Domicile
- Dc
- Voting Board Members
- 9
- Independent Board Members
- 6
- Employees
- 0
- Volunteers
- 6
Preparer
- Firm
- Marks Paneth Llp
- Address
- 685 THIRD AVENUE, NEW YORK, NY 10017
- Preparer
- Robert R Lyons CPA
- Phone
- 2125038800
Supplemental Narrative
Additional Explanations
FORM 990, PART XI, LINE 2C:
“Has not been changed from prior year.”
Financial Statement Notes
PART X, LINE 2:
“Workcred has no uncertain tax positions as of december 31, 2015 and 2014 in accordance with accounting standards codification ("asc") topic 740 ("income taxes"), which provides standards for establishing and classifying any tax provisions for uncertain tax positions.”
Raw XML AppendixShowing 400 of 487 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 206542 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | WORKCRED'S MISSION IS TO STRENGTHEN WORKFORCE QUALITY BY IMPROVING THE CREDENTIALING SYSTEM, ENSURING ITS ONGOING RELEVANCE, AND PREPARING EMPLOYERS, WORKERS, EDUCATORS, AND GOVERNMENTS TO USE IT EFFECTIVELY, IN ORDER TO STRENGTHEN WORKFORCE QUALITY. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | MARGARET JENSEN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2126424900 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 25 WEST 43RD STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10036 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 1 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 4511 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 4511 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 667328 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 25 WEST 43RD STREET |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | NEW YORK |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 10036 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | AMERICAN NATIONAL STANDARDS INSTITUTE |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | MANAGEMENT |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 711376 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 214540 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -496836 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 711376 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 214540 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | WORKCRED IS ACTIVELY ENGAGED IN NUMEROUS ACTIVITIES TO PROMOTE AWARENESS OF COMPETENCY-BASED, INDUSTRY-RECOGNIZED WORKFORCE CREDENTIALS, AND TO SUPPORT EFFORTS TO IMPROVE THE QUALITY, TRANSPARENCY, PORTABILITY, AND MARKET VALUE OF THESE IMPORTANT TOOLS. WORKCRED'S BUSINESS ACTIVITIES INCLUDE RESEARCH SERVICES, CONSULTING SERVICES, AND EDUCATION/COLLABORATIVE SERVICES.RESEARCH SERVICESWORKCRED'S RESEARCH PROJECTS FOCUS ON INDUSTRY AND PUBLIC NEEDS AND CURRENTLY ADDRESS THE RELATIONSHIP BETWEEN QUALITY, MARKET VALUE, AND EFFECTIVENESS; EMPLOYER SIGNALING; MAPPING THE CREDENTIALING LANDSCAPE; AND THE GLOBALIZATION OF CREDENTIALS.CONSULTATIVE SERVICESWORKCRED PROVIDES FEE-FOR-SERVICE CONSULTATION TO GOVERNMENT, CORPORATIONS, PROFESSIONAL AND TRADE ORGANIZATIONS, AND EDUCATION INSTITUTIONS IN KEY AREAS INCLUDING: EVALUATING THE QUALITY AND VALUE OF CURRENT CREDENTIAL(S) TO INDUSTRY; REVISING CURRENT CREDENTIAL(S) TO MEET A SPECIFIED STANDARD AND VALIDATED INDUSTRY NEEDS; BUILDING NEW CREDENTIAL(S) TO MEET A SPECIFIED STANDARD AND VALIDATED INDUSTRY NEEDS; CREATING APPROPRIATE CREDENTIALS FOR A SPECIFIC CAREER PATHWAY; USING A COMPETENCY-BASED APPROACH TO EFFICIENTLY STACK CREDENTIALS IN A CAREER PATHWAY; ALIGNING CREDENTIALS TO EDUCATION/TRAINING, CREDENTIALING, AND VALIDATED INDUSTRY NEEDS.EDUCATION AND COLLABORATIVE SERVICESWORKCRED'S EDUCATION INITIATIVES INCLUDE CONDUCTING WORKSHOPS AND WEBINARS ON KEY WORKFORCE ISSUES, LECTURING AT ACADEMIC INSTITUTIONS, PRESENTING AT PROFESSIONAL CONFERENCES, AND SERVING ON NATIONAL TASK FORCES/PANELS/BOARDS.WORKCRED'S COLLABORATIVE SERVICES IDENTIFY AND RESPOND TO INDUSTRY ISSUES RELATED TO WORKFORCE CREDENTIALS THAT REQUIRE SOLUTIONS AND INDUSTRY CONSENSUS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 430583 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 280793 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 336983 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 617776 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 2.00 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 109260 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 118262 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 48963 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | PATRICIA GRIFFIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ROGER ANTHONY TADAJEWSKI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CYNTHIA DOMINICK WOODLEY |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | BETH OFFENHARTZ CARLSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | RON DEARING JR |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR (FORMER) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2014 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 214540 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | DC |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | FORMED IN 2014, WORKCRED IS AN AFFILIATE OF THE AMERICAN NATIONAL STANDARDS INSTITUTE (ANSI). WORKCRED'S MISSION IS TO SUPPORT ANSI'S EXEMPT PURPOSES BY IMPROVING THE CREDENTIALING SYSTEM, ENSURING ITS ONGOING RELEVANCE, AND PREPARING EMPLOYERS, WORKERS, EDUCATORS, AND GOVERNMENTS TO USE IT EFFECTIVELY. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -172046 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -668882 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 49552 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 49552 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 235867 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 875424 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | MARGARET JENSEN |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | FEE-BASED PROGRAMS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 214540 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 214540 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | WORKCRED HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2015 AND 2014 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740 ("INCOME TAXES"), WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 3 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | SARANJIT BHATIA |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | MARGARET JENSEN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | PATRICIA GRIFFIN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 3 | FRANCES SCHROTTER |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 3 | DIRECTOR |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 2 | 367905 |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | EXPLANATION OF SARANJIT BHATIA (CEO & PRESIDENT) REPORTABLE COMPENSATION INCREASE IN 2015, MR. BHATIA RECEIVED A SCHEDULED LUMP SUM DISTRIBUTION OF $924,602 FROM HIS SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (OR SERP) WHICH INCREASED THE REPORTABLE COMPENSATION MATERIALLY OVER THE PRIOR YEAR. THE SUPPLEMENTAL RETIREMENT PLAN AGREEMENT IS BASED UPON ACTUARIAL CALCULATIONS AND GOVERNING PENSION LAWS. PAYMENTS FROM THIS PLAN WERE REPORTED ON FORM W-2 AS INCOME AND SUBJECT TO TAX WITHHOLDINGS WHEN RECEIVED. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE J. PART II: |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt | 0 | AMERICAN NATIONAL STANDARDS INSTITUTE |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | MANAGEMENT CONTRACT |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | 0 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 667328 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | MANAGEMENT SERVICES |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | WORKCRED SHARE COMMON MANAGEMENT EMPLOYEES WITH THE AMERICAN NATIONAL STANDARDS INSTITUTE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ANSI, A RELATED ORGANIZATION PROVIDES MANAGERIAL SERVICES TO WORKCRED, INC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE MEMBERS OF THE ORGANIZATION MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE 990 WAS REVIEWED AND APPROVED AT THE AUGUST 25, 2016 BOARD MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE CURRENT BOARD OF DIRECTORS CONFLICT OF INTEREST POLICY IS DETAILED IN THE WORKCRED BY-LAWS. IN THIS DOCUMENT IT IS EXPLAINED THAT EACH MEMBER OF THE BOARD HAS A DUTY TO DISCLOSE IF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARISES AND IT SETS FORTH THE PROCEDURES FOR DEALING WITH ANY SUCH CONFLICTS. AS OF 2016, WORKCRED WILL NOW REQUIRE BOARD MEMBERS TO SIGN THIS POLICY ON AN ANNUAL BASIS TO CONFIRM THEY HAVE READ AND UNDERSTOOD THE POLICY AND THAT NO ACTUAL OR POTENTIAL CONFLICT EXISTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THIS PROCESS IS OUTLINED IN THE BY-LAWS OF ANSI. THE BOARD COMPENSATION COMMITTEE IS CHARGED WITH ESTABLISHING AND APPROVING COMPENSATION AND BENEFITS FOR THE PRESIDENT, CORPORATE OFFICERS AND STAFF ON BEHALF OF THE BOARD. THE COMPENSATION COMMITTEE IS CHARGED WITH REVIEWING PERIODICALLY AND APPROVING CHANGES AS REQUIRED TO THE COMPENSATION AND BENEFIT POLICIES FOR THE CORPORATE OFFICERS AND STAFF OF THE INSTITUTE, EVALUATING ANNUALLY THE PERFORMANCE OF THE PRESIDENT AND ESTABLISHING AN APPROPRIATE COMPENSATION AND BENEFITS SCHEDULE FOR THE PRESIDENT, AND REVIEWING AND APPROVING OTHER POLICIES CONCERNING EMPLOYEE COMPENSATION AND BENEFITS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | PART VI - SECTION C, QUESTION 19 WORKCRED'S BY-LAWS, BOARD OF DIRECTORS CONFLICT OF INTEREST POLICY AND ANNUAL REPORTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | AS OF THE AUGUST 25, 2016 BOARD MEETING, WORKCRED HAS ADOPTED THE GOVERNANCE POLICIES OF ITS SUPPORTED ORGANIZATON, THE AMERICAN NATIONAL STANDARDS INSTITUTE, WHICH INCLUDE THE WHISTLEBLOWER POLICY, DOCUMENT RETENTION, AND DESTRUCTION POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | HAS NOT BEEN CHANGED FROM PRIOR YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | PART VI, SECTION A, BOX 13-14: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PART XI, LINE 2C: |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | ANSI |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | AMERICAN NATIONAL STANDARDS INSTITUTE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 131635253 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501 (C) (3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | NY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | STANDARDIZATION AND ACCREDITATION SERVICES. |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | 9 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 25 W 43RD ST |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | NEW YORK |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 10036 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $206,542
- Liabilities
- $875,424
- Net assets
- -$668,882
- Revenue
- $214,540
- Expenses
- $711,376
- Net income
- -$496,836