Civic Intelligence

Charlotte Works

990 • Fiscal year 2016 • EIN 56-2098251

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 17, 2017

11301 Carmel Commons Blvd Ste 301Charlotte, NC 28226

(704) 206-1375

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.42x

Higher debt load relative to assets than 70% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

33rd percentile

0.09x

Higher debt load relative to revenue than 33% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

28th percentile

-4.3%

Higher net margin than 28% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$161,097

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

12th percentile

-8.4%

Faster asset growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-1.9%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,664,490

Down $152,720 (-8.4%) from 2015

Net Assets

Down

$972,566

Down $326,974 (-25%) from 2015

Liabilities

Up

$691,924

Up $174,254 (+34%) from 2015

Revenue

Down

$7,679,348

Down $145,423 (-1.9%) from 2015

Expenses

Up

$8,006,322

Up $416,065 (+5.5%) from 2015

Net Income

Down

-$326,974

Down $561,488 (-239%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $1,347,559Liabilities 2010: $292,398Net Assets 2010: $1,055,1612010Assets 2011: $1,596,524Liabilities 2011: $1,255,562Net Assets 2011: $340,9622011Assets 2012: $1,698,923Liabilities 2012: $672,287Net Assets 2012: $1,026,6362012Assets 2013: $1,528,152Liabilities 2013: $402,080Net Assets 2013: $1,126,0722013Assets 2014: $1,825,760Liabilities 2014: $760,734Net Assets 2014: $1,065,0262014Assets 2015: $1,817,210Liabilities 2015: $517,670Net Assets 2015: $1,299,5402015Assets 2016: $1,664,490Liabilities 2016: $691,924Net Assets 2016: $972,5662016Assets 2017: $1,962,484Liabilities 2017: $1,029,784Net Assets 2017: $932,7002017Assets 2018: $2,147,589Liabilities 2018: $1,138,893Net Assets 2018: $1,008,6962018Assets 2019: $2,434,523Liabilities 2019: $1,554,066Net Assets 2019: $880,4572019Assets 2020: $2,412,028Liabilities 2020: $1,421,712Net Assets 2020: $990,3162020Assets 2021: $2,593,477Liabilities 2021: $1,669,780Net Assets 2021: $923,6972021Assets 2022: $2,005,079Liabilities 2022: $1,175,002Net Assets 2022: $830,0772022Assets 2023: $4,369,601Liabilities 2023: $3,352,015Net Assets 2023: $1,017,5862023Assets 2024: $3,938,849Liabilities 2024: $2,711,985Net Assets 2024: $1,226,8642024Assets 2025: $5,912,274Liabilities 2025: $4,437,134Net Assets 2025: $1,475,1402025

Highlighted filing

2016

Assets$1,664,490
Liabilities$691,924
Net Assets$972,566

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $9,465,0442010Expenses 2011: $7,147,6222011Expenses 2012: $7,079,6942012Revenue 2013: $5,969,116Expenses 2013: $5,869,680Net Income 2013: $99,4362013Revenue 2014: $6,967,489Expenses 2014: $7,028,535Net Income 2014: -$61,0462014Revenue 2015: $7,824,771Expenses 2015: $7,590,257Net Income 2015: $234,5142015Revenue 2016: $7,679,348Expenses 2016: $8,006,322Net Income 2016: -$326,9742016Revenue 2017: $6,056,776Expenses 2017: $6,148,642Net Income 2017: -$91,8662017Revenue 2018: $6,932,474Expenses 2018: $6,906,478Net Income 2018: $25,9962018Revenue 2019: $8,005,267Expenses 2019: $8,183,506Net Income 2019: -$178,2392019Revenue 2020: $8,196,108Expenses 2020: $8,086,249Net Income 2020: $109,8592020Revenue 2021: $8,510,036Expenses 2021: $8,576,655Net Income 2021: -$66,6192021Revenue 2022: $8,600,774Expenses 2022: $8,694,394Net Income 2022: -$93,6202022Revenue 2023: $7,856,153Expenses 2023: $7,649,609Net Income 2023: $206,5442023Revenue 2024: $6,765,585Expenses 2024: $6,556,307Net Income 2024: $209,2782024Revenue 2025: $7,019,328Expenses 2025: $6,771,052Net Income 2025: $248,2762025

Highlighted filing

2016

Revenue$7,679,348
Expenses$8,006,322
Net Income-$326,974
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 17, 2017
Return Version
2015v3.0
Gross Receipts
$7,679,348
Mission and Program Overview

Mission

Charlotte works serves job-seekers and businesses by providing resources to develop a skilled workforce that meets employer needs. The organization offers job-search workshops, individual coaching, networking opportunities, and training programs to job-seekers. For employers, charlotte works provides customized recruiting assistance, labor market information, training grants, and access to and assistance with a statewide database of candidates. The mission is to drive the development of a globally competitive workforce for charlotte's employers.

To drive the development of a globally competitive workforce for charlotte's employers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$894,324$1,330,316▲ $435,992
Cash and Non-Interest-Bearing Accounts$743,208$141,326▼ $601,882
Land, Buildings, and Equipment, Net$132,680$111,653▼ $21,027
Prepaid Expenses and Deferred Charges$8,339$20,392▲ $12,053
Accounts Receivable$18,221$15,223▼ $2,998
Total Assets$1,817,210$1,664,490▼ $152,720
Other Assets Total$20,438$45,580▲ $25,142
Liabilities
Accounts Payable and Accrued Expenses$517,670$691,924▲ $174,254
Total Liabilities$517,670$691,924▲ $174,254
Net Assets / Fund Balance
Unrestricted Net Assets$925,976$900,929▼ $25,047
Temporarily Rstr Net Assets$373,564$71,637▼ $301,927
Total Net Assets Fund Balance$1,299,540$972,566▼ $326,974
Total Liabilities and Net Assets / Fund Balance$1,817,210$1,664,490▼ $152,720

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$92,635$62,794$155,429
Equipment$19,018$25,004$44,022
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Steven B PartridgeFormer Presi$144,222$16,875$161,097
Steven B PartridgeFormer President/CEO$127,542$33,555$161,097
Danielle FrazierInter. Presi$76,881$9,300$86,181

Board Members and Trustees

NameTitle
Dan RoselliChair
Patrick C GrahamPresident/ce
Toya AllenVice Chair
Akeshia Craven-howellBoard Member
Betty DosterBoard Member
Brian McmurrayBoard Member
Carol MorrisBoard Member
Dennis MarstallBoard Member
Douglas RoweBoard Member
Georgia GulledgeBoard Member
Jess GeorgeBoard Member
Karen Brackett-browningBoard Member
Karin DaviesBoard Member
Kathi MclendonBoard Member
Kati HynesBoard Member
Larry WilsonBoard Member
Marcus BassBoard Member
Michael ElderBoard Member
Robert FishBoard Member
Robin StrayhornBoard Member
Robin ThorntonBoard Member
Roger CollinsBoard Member
Scott ThrowerBoard Member
Tim MayesBoard Member
Jerome FestaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Arbor Education Training LLCYouth Services5624 EXECUTIVE CENTER DR, SUITE 100, Charlotte, NC 28212$1,677,010
MeckedYouth Services129 W TRADE ST STE 1555, Charlotte, NC 28202$362,462
United Health Care InsuranceHealth Ins.DEPT CH 10151, Palatine, IL 60055$329,699
CpccPart. TrainingPO BOX 35009, Charlotte, NC 28235$287,629
1401 Morehead LLCRent1401 MOREHEAD STREET, Charlotte, NC 28202$274,050
Revenue and Support

Revenue Composition

Contributions and Grants
$7,672,969
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$6,379
Change in Net Assets
$-326,974

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,679,348
Revenue Not Reported on Form 990
$60,000
Total Revenue per Audited Statements
$7,739,348
Total Revenue per Form 990
$7,679,348
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,074,552
Other Expenses$3,931,770
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,999,515$143,332-$3,142,847
Fees for Services Other$414,846$44,082-$458,928
Occupancy$408,636$24,370-$433,006
Payroll Taxes$352,488$27,766-$380,254
Other Employee Benefits$245,687$18,359-$264,046
Current Officers, Directors, Trustees, and Key Employees-$205,112-$205,112
Office Expenses$127,246$9,592-$136,838
Travel$71,859$26,635-$98,494
Other Expenses$21,620$66,027-$87,647
Pension Plan Contributions$63,588$18,705-$82,293
All Other Expenses$15,784$27,686-$43,470
Advertising$19,033$2,660-$21,693
Depreciation Depletion$17,064$3,963-$21,027
Insurance$15,179$3,980-$19,159
Total Functional Expenses$7,328,205$678,117$0$8,006,322

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,066,322
Expenses per Audited Statements$8,006,322
Total Expenses per Form 990$8,006,322
Expenses Not Reported on Form 990$60,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

All board members are appointed by the mayor of the city of charlotte.

Form 990, Page 6, Part VI, Line 11B

A draft of the form 990 is given to the president/ceo and/or cfo for review. Any necessary changes are made and the return is forwarded to the audit committee. Once the audit committee approves the form 990, it is forwarded to the board of directors for comment. If no further changes are recommended, the return is signed by the president/ceo and timely filed.

Form 990, Page 6, Part VI, Line 12C

Once a year, the board is required to re-read and re-affirm by signature the conflict of interest policy. Potential conflicts of interest are regularly discussed and resolved by the executive committee.

Form 990, Page 6, Part VI, Line 15A

Every three years, an outside consultant is hired to benchmark the president/ceo's salary. This benchmark is used by the board in setting the compensation for the president/ceo.

Form 990, Page 6, Part VI, Line 15B

Or key employees every three years, an outside consultant is hired to benchmark the salaries of key employees. This benchmark is used by the ceo in setting the compensation for the other key employees.

Form 990, Page 6, Part VI, Line 19

Upon written request, members of the public may view the organization's governing documents, conflict of interest policy and financial statements at the administrative office of the organization.

Filing and Contact Details

Filer

Filer Name
Charlotte Works
EIN
56-2098251
Phone
7042061375
Address
11301 CARMEL COMMONS BLVD STE 301, CHARLOTTE, NC 28226

Signing Officer

Name
Patrick C Graham
Title
President/CEO
Phone
7042061350
Signed
2017-01-17

Organization Details

Principal Officer
Patrick C Graham
Formed
1998
Legal Domicile
Nc
Voting Board Members
21
Independent Board Members
21
Employees
58
Volunteers
150

Preparer

Firm
Rives & Associates Llp
Address
1023 W MOREHEAD ST SUITE 100, CHARLOTTE, NC 28208-5324
Preparer
Clayton B Mitchell CPA
Phone
7043720960
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Charlotte works serves job-seekers and businesses by providing resources to develop a skilled workforce that meets employer needs. The organization offers job-search workshops, individual coaching, networking opportunities, and training programs to job-seekers. For employees, charlotte works provides customized recruiting assistance, labor market information, training grants, and access to and assistance with statewide database of candidates. The mission is to drive the development of a globally competitive workforce for charlotte's employers.

Form 990, Page 2, Part III, Line 4D

Incumbent worker training, nc career works, ncworks veteran initiative.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Additionally, the organization is not a private foundation pursuant to internal revenue code section 509(a)(1). The organization does not believe that there are any material uncertain tax positions and accordingly, it will not recognize any asset or liability for unrecognized tax benefits or obligations. The organization's annual tax returns are subject to examination by taxing authorities for a period of three years from the date they are filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt24PRESIDENT/CE
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IRS990/Form990PartVIISectionAGrp/TitleTxt26INTER. PRESI
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IRS990/MissionDesc0CHARLOTTE WORKS SERVES JOB-SEEKERS AND BUSINESSES BY PROVIDING RESOURCES TO DEVELOP A SKILLED WORKFORCE THAT MEETS EMPLOYER NEEDS. THE ORGANIZATION OFFERS JOB-SEARCH WORKSHOPS, INDIVIDUAL COACHING, NETWORKING OPPORTUNITIES, AND TRAINING PROGRAMS TO JOB-SEEKERS. FOR EMPLOYEES, CHARLOTTE WORKS PROVIDES CUSTOMIZED RECRUITING ASSISTANCE, LABOR MARKET INFORMATION, TRAINING GRANTS, AND ACCESS TO AND ASSISTANCE WITH STATEWIDE DATABASE OF CANDIDATES. THE MISSION IS TO DRIVE THE DEVELOPMENT OF A GLOBALLY COMPETITIVE WORKFORCE FOR CHARLOTTE'S EMPLOYERS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.91$4.44$1.48$7.02$6.77$0.25
2024Detailed filing. Detailed filing data is available for this year.$3.94$2.71$1.23$6.77$6.56$0.21
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.37$3.35$1.02$7.86$7.65$0.21
2022Detailed filing. Detailed filing data is available for this year.$2.01$1.18$0.83$8.60$8.69$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$1.67$0.92$8.51$8.58$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.41$1.42$0.99$8.20$8.09$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.43$1.55$0.88$8.01$8.18$0.18
2018Detailed filing. Detailed filing data is available for this year.$2.15$1.14$1.01$6.93$6.91$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.96$1.03$0.93$6.06$6.15$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.66$0.69$0.97$7.68$8.01$0.33
2015Detailed filing. Detailed filing data is available for this year.$1.82$0.52$1.30$7.82$7.59$0.23
2014Detailed filing. Detailed filing data is available for this year.$1.83$0.76$1.07$6.97$7.03$0.06
2013Summary only. Only limited summary data is available for this year.$1.53$0.40$1.13$5.97$5.87$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.67$1.03$7.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$1.26$0.34$7.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.29$1.06$9.47