Civic Intelligence

Charlotte Works

990 • Fiscal year 2019 • EIN 56-2098251

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 27, 2020

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

82nd percentile

0.64x

Higher debt load relative to assets than 82% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

54th percentile

0.19x

Higher debt load relative to revenue than 54% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

31st percentile

-2.2%

Higher net margin than 31% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

53rd percentile

$128,209

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

74th percentile

13%

Faster asset growth than 74% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

15%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,434,523

Up $286,934 (+13%) from 2018

Net Assets

Down

$880,457

Down $128,239 (-13%) from 2018

Liabilities

Up

$1,554,066

Up $415,173 (+36%) from 2018

Revenue

Up

$8,005,267

Up $1,072,793 (+15%) from 2018

Expenses

Up

$8,183,506

Up $1,277,028 (+18%) from 2018

Net Income

Down

-$178,239

Down $204,235 (-786%) from 2018

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

2019

Assets$2,434,523
Liabilities$1,554,066
Net Assets$880,457

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

2019

Revenue$8,005,267
Expenses$8,183,506
Net Income-$178,239
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 27, 2020
Return Version
2018v3.2
Gross Receipts
$8,005,267
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.

Leading the development of a skilled and in-demand workforce by engaging businesses, aligning community partners, empowering and connecting job seekers to meaningful employment, and fostering inclusive economic growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,491,838$1,855,175▲ $363,337
Savings and Temporary Cash Investments$419,359$270,658▼ $148,701
Cash and Non-Interest-Bearing Accounts$69,212$175,690▲ $106,478
Land, Buildings, and Equipment, Net$117,006$86,433▼ $30,573
Prepaid Expenses and Deferred Charges$41,793$38,186▼ $3,607
Total Assets$2,147,589$2,434,523▲ $286,934
Other Assets Total$8,381$8,381→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,138,893$1,554,066▲ $415,173
Total Liabilities$1,138,893$1,554,066▲ $415,173
Net Assets / Fund Balance
Unrestricted Net Assets$968,021$853,565▼ $114,456
Temporarily Rstr Net Assets$40,675$26,892▼ $13,783
Total Net Assets Fund Balance$1,008,696$880,457▼ $128,239
Total Liabilities and Net Assets / Fund Balance$2,147,589$2,434,523▲ $286,934

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$46,007$109,422$155,429
Equipment$40,426$99,779$140,205
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Patrick GrahamFormer Presi$120,149$8,060$128,209
Danielle FrazierPresident/ce$111,103$14,272$125,375
Anna LondonCOO$89,112$7,127$96,239

Board Members and Trustees

NameTitle
Toya Del ValleChairman
Dan RoselliFormer Chair
Chris PaytonVice Chairma
A Fulton MeachemBoard Member
Akeshia Craven-howellBoard Member
Anthony TrotmanBoard Member
Carol MorrisBoard Member
Cassandra Triggs-tuckerBoard Member
Chad SchuchmannBoard Member
Chris HageBoard Member
Chris JacksonBoard Member
Clay AndrewsBoard Member
Donna SobotkinBoard Member
Karen PaulyBoard Member
Keva WaltonBoard Member
Kevin DickBoard Member
Kevin JenkinsBoard Member
Laura Morrow-foxBoard Member
Matt BradleyBoard Member
Merribeth ButlerBoard Member
Roger CollinsBoard Member
Scott ThrowerBoard Member
Tim RorieBoard Member
Veronica C GranthamBoard Member
Jerome FestaTreasurer/se

Highest Paid Contractors

ContractorServicesLocationCompensation
Arbor Education Training LLCScreening5624 EXECUTIVE CENTER DR, SUITE 100, Charlotte, NC 28212$4,388,450
CpccTrainingPO BOX 35009, Charlotte, NC 28235$712,718
MeckedYouth Services129 W TRADE ST STE 1555, Charlotte, NC 28202$436,627
Carmel Crossing LLCRentPO BOX 743411, Los Angeles, CA 90074$120,266
Revenue and Support

Revenue Composition

Contributions and Grants
$7,972,245
Program Service Revenue
$0
Investment Income
$1,299
Other Revenue
$31,723
All Other Contributions
$31,000
Change in Net Assets
$-178,239

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,005,267
Revenue Not Reported on Form 990
$50,000
Total Revenue per Audited Statements
$8,055,267
Total Revenue per Form 990
$8,005,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,175,484
Salaries, Compensation, and Employee Benefits$4,008,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,601,578$291,793-$2,893,371
Fees for Services Other$603,995$73,853-$677,848
Other Employee Benefits$529,598$59,400-$588,998
Current Officers, Directors, Trustees, and Key Employees$368,011$41,276-$409,287
Occupancy$198,738$67,961-$266,699
Advertising$89,993$32,212-$122,205
Office Expenses$101,481$8,355-$109,836
Travel$71,914$27,730-$99,644
Payroll Taxes$76,555$8,586-$85,141
Other Expenses$31,887$29,098-$60,985
Depreciation Depletion$45,707$5,964-$51,671
Insurance$27,994$7,549-$35,543
Pension Plan Contributions$28,076$3,149-$31,225
All Other Expenses$18,385$1,726-$20,111
Total Functional Expenses$7,395,038$788,468$0$8,183,506

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,233,506
Expenses per Audited Statements$8,183,506
Total Expenses per Form 990$8,183,506
Expenses Not Reported on Form 990$50,000
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 and county commission chairman.

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

A draft of the form 990 is given to the president/ceo and/or controller 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
Danielle Frazier
Title
President/CEO
Phone
7042061375
Signed
2020-04-27

Organization Details

Principal Officer
Danielle Frazier
Formed
1998
Legal Domicile
Nc
Voting Board Members
25
Independent Board Members
25
Employees
18

Preparer

Firm
Rives & Associates Llp
Address
212 W CENTER ST, LEXINGTON, NC 27292-3012
Preparer
W Leon Rives
Phone
3362488281
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 employers, charlotte works provides customized recruiting assistance, labor market information, training grants, and access to and assistance with statewide database of candidates. Leading the development of a skilled and in-demand workforce by engaging businesses, aligning community partners, empowering and connecting job seekers to meaningful employment, and fostering inclusive economic growth.

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 technical merits, that the position will be sustained upon examination. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The organization believes that it has appropriate 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/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 EMPLOYERS, CHARLOTTE WORKS PROVIDES CUSTOMIZED RECRUITING ASSISTANCE, LABOR MARKET INFORMATION, TRAINING GRANTS, AND ACCESS TO AND ASSISTANCE WITH STATEWIDE DATABASE OF CANDIDATES. LEADING THE DEVELOPMENT OF A SKILLED AND IN-DEMAND WORKFORCE BY ENGAGING BUSINESSES, ALIGNING COMMUNITY PARTNERS, EMPOWERING AND CONNECTING JOB SEEKERS TO MEANINGFUL EMPLOYMENT, AND FOSTERING INCLUSIVE ECONOMIC GROWTH.
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IRS990/ProgSrvcAccomActy2Grp/Desc0WORKFORCE INNOVATION & OPPORTUNITY 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. -IN PY18, 9,753 DISLOCATED WORKERS GAINED EMPLOYMENT.
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IRS990/ProgSrvcAccomActy3Grp/Desc0WORKFORCE INNOVATION & OPPORTUNITY ACT GRANT CFDA 17.258 - ADULT CONTINUED FROM 4B: -CHARLOTTE WORKS RECEIVED A HEALTH CAREER PATHWAY CERTIFICATION TO ENSURE THAT CAREER-SEEKERS HAVE ACCESS TO THE EXACT EDUCATION, TRAINING AND CREDENTIALS NEEDED BY EMPLOYERS. CHARLOTTE WORKS PARTNERED WITH ATRIUM HEALTH IMPLEMENTING OUR HEALTHCARE CAREER PATHWAYS INITIATIVE WHICH RESULTED IN 35 JOB CANDIDATES REFERRED FOR CNA (CERTIFIED NURSE AIDE) AND CMA (CERTIFIED MEDICAL ASSISTANT) POSITIONS. OF THOSE 35 CANDIDATES, 13 WERE HIRED.
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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