Workforce Development Corporation
Workforce Development Corporation reported $11.6 million in revenue and $11.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $99.91 went to program services, $0.09 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 97.4% of the total. Government grants made up 95.1%. The highest compensation it reported for one person was $155,596 (Executive Director TTP). 6 people received more than $100,000 in reportable compensation. Revenue fell 64% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 95.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $155,596 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.37% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 6 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 1 of 8 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseWorkforce Training Programs: Workforce training programs include Employer-based training, Food and Beverage Industry partnership, Sector based training, Cannabis OJT, Media and Entertainment training, Manufacturing Industry Partnership, and Tech Industry partnerships - Through major funding source from EDC, the Organization helped connect New Yorkers to sector-based occupational skills training and internship opportunities, and then to full-time jobs. In addition, the organization helped businesses increase their competitiveness by providing skills training for their workers, which also…
Business Services: WDC collaborated with an organization to conduct a comprehensive national landscape study and analysis. This study aimed to provide insights to guide New York Citys strategy in fostering equitable development within the emerging legal cannabis industry. The findings from this study will subsequently inform the design and implementation of training programs tailored to this field
Internship/Apprenticeship: Develop and implement new registered apprenticeships
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Executive Director TTP Highest compensated employee, 0.00 hrs/week | $155,596 | $0 | $0 | $155,596 |
| Managing Dir Strategic Initiatives Highest compensated employee, 0.00 hrs/week | $145,223 | $0 | $0 | $145,223 |
| Executive Director Officer, 35.00 hrs/week | $141,657 | $0 | $0 | $141,657 |
| Senior Product Researcher Highest compensated employee, 0.00 hrs/week | $140,037 | $0 | $0 | $140,037 |
| UXUI Designer Highest compensated employee, 0.00 hrs/week | $124,477 | $0 | $0 | $124,477 |
| Director Construction Highest compensated employee, 0.00 hrs/week | $113,764 | $0 | $0 | $113,764 |
6 people received more than $100,000 in reportable compensation from Workforce Development Corporation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 1 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 542
Private foundation grants it received
1 private foundation reported grants to Workforce Development Corporation totaling $100K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Workforce Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Workforce Development Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Workforce Development Corporation spent in FY2025, $99.91 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Workforce Development Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, Workforce Development Corporation reported that 99.9% of its $11.4 million in expenses went to program services, 0.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Workforce Development Corporation pay its top executive?
The largest total compensation Workforce Development Corporation reported for one person in the fiscal year ending June 30, 2025 was $155,596, for the role of Executive Director TTP (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Workforce Development Corporation get its money?
Of $11.6 million in revenue in the fiscal year ending June 30, 2025, 97.4% came from contributions and grants (including 95.1% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Workforce Development Corporation a registered charity?
The IRS lists EIN 13-3632018 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025 (amended), object 202621779349301202 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521199349302222 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401279349302270 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311359349317561 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201369349305135 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020 (amended), object 202131379349306533 · read the filing
All filings for EIN 13-3632018: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.