Civic Intelligence

Charlotte Works

990 • Fiscal year 2017 • EIN 56-2098251

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 06, 2018

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

77th percentile

0.52x

Higher debt load relative to assets than 77% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.17x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

32nd percentile

-1.5%

Higher net margin than 32% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

47th percentile

$115,607

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

80th percentile

18%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

11th percentile

-21%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,962,484

Up $297,994 (+18%) from 2016

Net Assets

Down

$932,700

Down $39,866 (-4.1%) from 2016

Liabilities

Up

$1,029,784

Up $337,860 (+49%) from 2016

Revenue

Down

$6,056,776

Down $1,622,572 (-21%) from 2016

Expenses

Down

$6,148,642

Down $1,857,680 (-23%) from 2016

Net Income

Up

-$91,866

Up $235,108 (+72%) from 2016

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

2017

Assets$1,962,484
Liabilities$1,029,784
Net Assets$932,700

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

2017

Revenue$6,056,776
Expenses$6,148,642
Net Income-$91,866
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 6, 2018
Return Version
2016v3.1
Gross Receipts
$6,056,776
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$1,345,539$829,373▼ $516,166
Savings and Temporary Cash Investments$10,029$518,713▲ $508,684
Cash and Non-Interest-Bearing Accounts$131,297$382,637▲ $251,340
Land, Buildings, and Equipment, Net$111,653$163,132▲ $51,479
Prepaid Expenses and Deferred Charges$20,392$31,430▲ $11,038
Total Assets$1,664,490$1,962,484▲ $297,994
Other Assets Total$45,580$37,199▼ $8,381
Liabilities
Accounts Payable and Accrued Expenses$691,924$1,029,784▲ $337,860
Total Liabilities$691,924$1,029,784▲ $337,860
Net Assets / Fund Balance
Unrestricted Net Assets$900,929$932,700▲ $31,771
Temporarily Rstr Net Assets$71,637--
Total Net Assets Fund Balance$972,566$932,700▼ $39,866
Total Liabilities and Net Assets / Fund Balance$1,664,490$1,962,484▲ $297,994

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$79,283$76,146$155,429
Equipment$83,849$35,258$119,107
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Danielle FrazierInter. Presi-$103,333$12,274$115,607
Patrick GrahamPresident/ceFT$20,250-$20,250

Board Members and Trustees

NameTitle
Dan RoselliChairman
Toya AllenVice Chairma
Akeshia Craven-howellBoard Member
Betty DosterBoard Member
Carol MorrisBoard Member
Dennis MarstallBoard Member
Douglas RoweBoard Member
Georgia GulledgeBoard Member
Jess GeorgeBoard Member
Karin DaviesBoard Member
Kathi MclendonBoard Member
Kati HynesBoard Member
Larry WilsonBoard Member
Laura Morrow-foxBoard Member
Michael ElderBoard Member
Robin StrayhornBoard Member
Robin ThorntonBoard Member
Roger CollinsBoard Member
Scott ThrowerBoard Member
Tim MayesBoard Member
Tim RorieBoard Member
Karen Brackett-browningExecutive Di
Jerome FestaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Arbor Education Training LLCScreening5624 EXECUTIVE CENTER DR, SUITE 100, Charlotte, NC 28212$1,535,601
MeckedYouth Services129 W TRADE ST STE 1555, Charlotte, NC 28202$363,304
CpccTrainingPO BOX 35009, Charlotte, NC 28235$271,872
1401 Morehead LLCRent1401 MOREHEAD STREET, Charlotte, NC 28202$251,213
United Health Care InsuranceHealth InsurancDEPT CH 10151, Palatine, IL 60055$246,949
Revenue and Support

Revenue Composition

Contributions and Grants
$6,045,585
Program Service Revenue
$0
Investment Income
$425
Other Revenue
$10,766
All Other Contributions
$6,739
Change in Net Assets
$-91,866

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,056,776
Revenue Not Reported on Form 990
$52,000
Total Revenue per Audited Statements
$6,108,776
Total Revenue per Form 990
$6,056,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,421,902
Other Expenses$2,726,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,222,815$393,499-$2,616,314
Fees for Services Other$414,406$32,636-$447,042
Payroll Taxes$411,814$32,781-$444,595
Occupancy$302,144$34,315-$336,459
Current Officers, Directors, Trustees, and Key Employees$170,028$31,263-$201,291
Other Employee Benefits$98,258$18,091-$116,349
Travel$69,010$20,716-$89,726
Office Expenses$77,774$4,608-$82,382
Pension Plan Contributions$30,195$13,158-$43,353
All Other Expenses$18,673$19,901-$38,574
Depreciation Depletion$28,983$4,739-$33,722
Advertising$31,606$1,361-$32,967
Other Expenses$20,000$11,231-$31,231
Insurance$17,456$7,632-$25,088
Total Functional Expenses$5,457,350$691,292$0$6,148,642

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,200,642
Expenses per Audited Statements$6,148,642
Total Expenses per Form 990$6,148,642
Expenses Not Reported on Form 990$52,000
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
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

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 Graham
Title
President/CEO
Phone
7042061350
Signed
2018-02-06

Organization Details

Principal Officer
Patrick Graham
Formed
1998
Legal Domicile
Nc
Voting Board Members
24
Independent Board Members
24
Employees
51

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 4C

And 5 hires. -charlotte works received an innovation grant to coordinate working smart: soft skills for workplace success, a scenario-based curriculum focused on retention skills that many employers feel are missing from today's workforce. -coordinated and delivered rapid response services to 5 area businesses undergoing significant lay-offs or permanent closings. Provided over 500 local dislocated workers with resources and guidance as they transitioned out of their current jobs.

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 shall initially recognize the financial statement effects of a tax position when it is more-likely than not, based on the techincal merits, that the position will be sustained upon examination. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclousre and transition. The organization believes that it has approrpirate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. 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/TitleTxt24INTER. 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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IRS990/OtherExpensesGrp/Desc1COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3SPECIAL PROJECTS
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IRS990/ProgSrvcAccomActy2Grp/Desc0WORKFORCE INVESTMENT ACT GRANT CFDA 17.278 - DISLOCATED WORKERS -CHARLOTTE WORKS AND ITS PARTNERS SERVE JOB-SEEKERS AND BUSINESSES BY PROVIDING RESOURCES TO DEVELOP A SKILLED WORKFORCE THAT MEETS EMPLOYER NEEDS. SERVICES OFFERED ARE INDIVIDUAL COACHING, JOB-SEARCH WORKSHOPS, NETWORKING OPPORTUNITIES AND TRAINING PROGRAMS TO JOB SEEKERS. SERVICES FOR EMPLOYERS INCLUDE CUSTOMIZED RECRUITING ASSISTANCE, LABOR MARKET INFORMATION, TRAINING GRANTS AND ACCESS TO AND ASSISTANCE WITH A STATEWIDE DATABASE OF CANDIDATES. -WE PLACED 7,065 ADULT AND DISLOCATED WORKERS INTO EMPLOYMENT, WITH SALARIES TOTALING MORE THAN 103 MILLION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01441578
IRS990/ProgSrvcAccomActy3Grp/Desc0WORKFORCE INVESTMENT ACT GRANT CFDA 17.258 - ADULT CONTINUED FROM 4B: -FOR EVERY DOLLAR WE INVESTED, 30.68 WAS PUT BACK INTO THE COMMUNITY IN SALARIES. -CHARLOTTE WORKS RECEIVED AN ADVANCED MANUFACTURING CAREER PATHWAY CERTIFICATION, SPECIFICALLY IN MECHATRONICS, TO ENSURE THAT CAREER-SEEKERS HAVE ACCESS TO THE EXACT EDUCATION, TRAINING AND CREDENTIALS NEEDED BY EMPLOYERS. -WORKED WITH 11 COMMUNITY PARTNERS AND SUCCESSFULLY PARTNERED WITH CAROLINAS HEALTHCARE SYSTEM IMPLEMENTING OUR HEALTHCARE CAREER PATHWAYS INITIATIVE WHICH RESULTED IN 24 HEALTH CAREER PATHWAYS CANDIDATE REFERRALS AND 5 HIRES. -CHARLOTTE WORKS RECEIVED AN INNOVATION GRANT TO COORDINATE WORKING SMART: SOFT SKILLS FOR WORKPLACE SUCCESS, A SCENARIO-BASED CURRICULUM FOCUSED ON RETENTION SKILLS THAT MANY EMPLOYERS FEEL ARE MISSING FROM TODAY'S WORKFORCE. -COORDINATED AND DELIVERED RAPID RESPONSE SERVICES TO 5 AREA BUSINESSES UNDERGOING SIGNIFICANT LAY-OFFS OR PERMANENT CLOSINGS. PROVIDED OVER 500 LOCAL DISLOCATED WORKERS WITH RESOURCES AND GUIDANCE AS THEY TRANSITIONED OUT OF THEIR CURRENT JOBS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0INCUMBENT WORKER TRAINING, NC CAREER WORKS, NCWORKS VETERAN INITIATIVE.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS 54,187
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10

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