Cobbworks Inc.

“Under the workforce investment & opportunity act, federal funds are awarded in a joint state and local administered workforce development system. Cobb county government is the grant recipient of the wioa funds from the state of georgia and cobbworks, inc. Is the subrecipient contracted by the county to administer the wioa programs. In accordance with statutory regulations, the programs must be governed by the workforce development board (wdb), whose members are appointed by the chief local elected official. Cobbworks, inc. As a separately incorporated 501(c)(3) organization operates with a board of directors but must abide by and comply with statutory mandates as promulgated by the act and governed by the wdb as it relates to the wioa funds only. All other agency matters and programs are not subject to the same joint decision making between the two boards.”

“The organization made the following changes to the bylaws. Composition and term of board members was changed from "an annual term" to " a multi-year term as defined by the board of directors and was revised to align with the program year as opposed to the calendar year. Board committee membership was revised to include individuals who were not board directors, stating the board has the authority to restrict a committee's membership to only board directors at its discretion.”

“The draft form 990 is reviewed in detail by management, reviewed by the finance and administration committee, then an updated version is presented to the board of directors for review, comment, and acceptance before filing.”

“The conflict of interest policy is reviewed and updated periodically as necessary. New board members sign the policy when they join the board and then again on an annual basis. Management also monitors transaction activity to remain alert to potential conflicts with vendors and service providers.”

“In december 2007, the organization engaged in a thorough compensation analysis resulting in a revision of the job classification and pay grade system. A comprehensive salary study was undertaken during the fiscal year for all positions within the organization including that of the ceo. The study was not completed by year end but will be finalized in 2017 resulting in an updated pay grade scale for all positions. Otherwise all positions, including the ceo,received a three percent increase during the year.”

“Copies of the governing documents, conflict of interest statements and the form 990 with accompanying schedules are available to the public upon request at the organization's office.”

“Professional services: program service expenses 214,000. Management and general expenses 60,215. Fundraising expenses 0. Total expenses 274,215. Operating service fee: program service expenses 129,046. Management and general expenses 22,773. Fundraising expenses 0. Total expenses 151,819.”

“In the prior year, the finance and administration committee issued a request for proposal to secure an independent cpa firm to perform an audit and prepare the form 990. The same independent auditors are still retained.”

“Cobbworks, inc. (the organization") is a not-for-profit organization formed under section 501(c)(3), located in marietta, ga. The organization was formed in 2001 to design and maintain a system of public and private resources that provide workforce development activities in cobb county, including assisting people with finding jobs, helping businesses find workers and design training programs and funding people to receive training.”