2018-02-12T07:56:20-06:00 2017-09-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2016-10-01 475172476 NATIONAL FUND FOR WORKFORCE SOLUTIONS NATI 2022238994 1730 RHODE ISLAND AVENUE NO 712 WASHINGTON DC 20036 FRED DEDRICK PRESIDENT & CEO 2022238994 2018-02-12 1 3019519090 75.103.231.202 2018-02-12 08:56:12 ES P 9B84372DED34D18FB314258B33C7FB4CE05F0F36 09179135FB50F433328FAC39F11DBCF88AB4AD8F 2016 2021-01-29 14:40:06Z FRED DEDRICK 1730 RHODE ISLAND AVENUE NO 712 WASHINGTON DC 20036 7809082 0 X WWW.NATIONALFUND.ORG X 2015 DE SEE PART III, LINE 1. 9 9 5 21 0 0 2025000 7697577 0 108802 84 2703 0 0 2025084 7809082 0 185000 0 0 0 971894 0 0 169117 34344 1248237 34344 2405131 1990740 5403951 2001939 7431140 11199 36449 1990740 7394691 X THE NATIONAL FUND'S MISSION IS TO DEVELOP AND IMPLEMENT STRATEGIES TO ASSIST LOW-INCOME JOB SEEKERS AND WORKERS IN OBTAINING AND ADVANCING IN JOBS THAT PROVIDE SUSTAINING WAGES AND BENEFITS. 0 0 785182 96802 SUPPORTING REGIONAL COLLABORATIVES:THE NATIONAL FUND SUPPORTS OVER 30 REGIONAL COLLABORATIVES AND OVER 75 INDUSTRY PARTNERSHIPS OPERATING IN 25 STATES WITH TECHNICAL ASSISTANCE AND COACHING, PEER LEARNING OPPORTUNITIES, NEW RESEARCH, AND FINANCIAL RESOURCES. THE NATIONAL FUND AND ITS PARTNER COMMUNITIES INVEST IN AN EMPLOYER-DRIVEN MODEL OF INDUSTRY PARTNERSHIPS THAT ENABLES COMMUNITIES TO PREPARE INDIVIDUALS WITH IN-DEMAND SKILLS, ENABLES EMPLOYERS TO FIND AND DEVELOP THEIR WORKFORCE AND SUPPORT IMPROVEMENTS IN BUSINESS AND WORKFORCE SYSTEMS AND PRACTICES. 517647 185000 THE JOB QUALITY PROGRAM:THE NATIONAL FUND SUPPORTS GOOD JOBS THAT GENERATE A COMPETITIVE ADVANTAGE FOR EMPLOYERS AND A CAREER PATHWAY TO A FAMILY SUSTAINING INCOME FOR INDIVIDUALS. IT IS SUPPORTING EFFORTS BY REGIONAL COLLABORATIVES TO DEVELOP A GOOD JOB STRATEGY AND TO ENABLE EMPLOYERS TO MAKE THE CHANGES IN SYSTEMS AND PRACTICES. 352224 12000 CAREERSTAT:THE NATIONAL FUND SUPPORTS A NETWORK OF HEALTHCARE LEADERS THAT PROMOTE INVESTMENTS IN THE SKILLS AND CAREERS OF FRONTLINE WORKERS BY RECOGNIZING EMPLOYER LEADERS, PROVIDING TECHNICAL ASSISTANCE AND DISSEMINATING EXEMPLARY PRACTICES. 46167 APPRENTICESHIP:THE NATIONAL FUND IS EXPANDING APPRENTICESHIPS IN NON-TRADITIONAL INDUSTRIES SUCH AS HEALTHCARE, FINANCIAL SERVICES, INFORMATION TECHNOLOGY AND HOSPITALITY AND OPENING OPPORTUNITIES TO PEOPLE OF COLOR, DISADVANTAGED YOUTH, WOMEN AND UNDER-EMPLOYED WORKERS. 27516 FINANCIAL WELLNESS:HELP COLLABORATIVES UNDERSTAND AND PROMOTE FINANCIAL WELLNESS AND ITS ROLE IN ADDRESSING THE DRIVERS OF FINANCIAL STRESS AMONG LOW- AND MIDDLE-SKILL WORKERS; PROMOTE THE CRITICAL IMPORTANCE OF FINANCIAL HEALTH STRATEGIES AS COMPONENTS OF JOB QUALITY; AND HELP EMPLOYERS DEVELOP SOLUTIONS THAT CAN REDUCE FINANCIAL STRESS AMONG EMPLOYEES AND IMPROVE THE FINANCIAL BOTTOM-LINES OF BOTH WORKERS AND COMPANIES. 142838 RETAIL:THE NATIONAL FUND IS WORKING WITH THREE LOCAL FUNDER COLLABORATIVES TO FORM INDUSTRY PARTNERSHIPS IN RETAIL AND ADJACENT SECTORS TO PROMOTE AND ADVANCE THE NEEDS OF FRONTLINE WORKERS. 139114 YOUNG ADULTS:MILLIONS OF YOUNG ADULTS ARE DISCONNECTED FROM EDUCATION OR EMPLOYMENT AND AT RISK OF MISSING THE FIRST STEP INTO THE MIDDLE-CLASS. THE NATIONAL FUND'S YOUNG ADULT INITIATIVE SEEKS TO CONNECTYOUNG ADULT TO GOOD JOBS BY IMPLEMENTING AND TESTING NEW STRATEGIES FOR PREPARING AMERICA'S YOUNG ADULTS TO MEANINGFUL EMPLOYMENT. 355635 2010688 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY IL MI MD MA PA NJ X ELICIA WILSON 2022238994 1730 RHODE ISLAND AVENUE NO 712 WASHINGTON DC 20036 X PETE STRANGE CHAIR 2.00 X X 0 0 0 DENISE CHERENFANT TREASURER 2.00 X X 0 0 0 IVYE ALLEN BOARD MEMBER 1.00 X 0 0 0 LARRY BECK BOARD MEMBER 1.00 X 0 0 0 EARL BUFORD BOARD MEMBER 1.00 X 0 0 0 PAULA GILBERTO BOARD MEMBER 1.00 X 0 0 0 MICHAEL GRITTON BOARD MEMBER 1.00 X 0 0 0 WHITNEY SMITH BOARD MEMBER 2.00 X 0 0 0 MOLLY SEALS BOARD MEMBER 1.00 X 0 0 0 FRED DEDRICK SEE SCHEDULE O PRESIDENT & CEO 40.00 X 48654 0 7758 ELICIA WILSON SEE SCHEDULE O SECRETARY & CHIEF 40.00 X 19039 0 3989 67693 0 11747 0 0 0 0 4 7697577 7697577 LEADERSHIP CONVENING 900099 96802 96802 CAREERSTAT 900099 12000 12000 108802 2703 2703 7809082 108802 0 2703 X 185000 185000 355673 203201 86400 66072 489115 407706 66665 14744 18781 15265 2717 799 37702 33036 4129 537 70623 51655 12532 6436 4345 4345 49824 49824 421698 353318 26942 41438 124309 69922 54372 15 27423 6519 20904 90946 200 90746 237119 194904 30595 11620 280958 273453 7505 2405 2405 ALLOCATION OF M&G EXP 0 212857 -240313 27456 DUES AND SUBSCRIPTIONS 5122 1817 3305 GIFTS 1615 1535 80 EMPLOYEE TRAINING 1440 1440 1033 300 733 2405131 2010688 225326 169117 1989691 3763809 3631607 12248 15887 0 19837 2001939 7431140 11199 36449 11199 36449 X 224890 113649 1765850 7281042 1990740 7394691 2001939 7431140 5403951 0 X 0 1 X 1 0 X 2025000 7697577 9722577 2025000 7697577 9722577 7775044 1947533 84 2703 2787 9725364 108802 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 7809082 0 7809082 0 7809082 2405131 0 2405131 0 2405131 PART X, LINE 2: FOR THE PERIOD FROM INCEPTION TO THE YEAR ENDED SEPTEMBER 30, 2017, THE NATIONAL FUND HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 ASSOCIATION OF BALTIMORE AREA GRANTMAKERS 2 EAST READ STREET 2ND FLOOR BALTIMORE MD 21201 521326863 501(C)(3) 50000 TO SUPPORT PARTICIPATION IN JOB QUALITY INITIATIVE INCOURAGE COMMUNITY FOUNDATION 478 EAST GRAND AVENUE RAPIDS WI 54494 391772651 501(C)(3) 25000 TO SUPPORT PARTICIPATION IN JOB QUALITY INITIATIVE UNITED WAY OF GREATER CINCINNATI INC 2400 READING ROAD CINCINNATI OH 45202 310537502 501(C)(3) 50000 TO SUPPORT PARTICIPATION IN JOB QUALITY INITIATIVE WORKFORCE ALLIANCE OF SOUTH CENTRAL KANSAS INC 300 W DOUGLAS SUITE 850 WICHITA KS 67202 481246563 501(C)(3) 50000 TO SUPPORT PARTICIPATION IN JOB QUALITY INITIATIVE GULF COAST COMMUNITY FOUNDATION 601 TAMIAMI TRAIL SOUTH VENICE FL 34285 591052433 501(C)(3) 10000 SUPPORT JOB QUALITY EMPLOYER CONVENING 5 0 PART I, LINE 2: THE ORGANIZATION ARRANGES FOR PERIODIC OR INTERIM REVIEW OF PROGRAM MILESTONES AND PERFORMANCE AND OBTAINS NARRATIVE AND FINANCIAL REPORTS FROM THE GRANTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE OF THE BOARD SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, AND (B) HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. ANY BOARD MEMBER OR EMPLOYEE OF THE NATIONAL FUND FOR WORKFORCE SOLUTIONS THAT HAS ANY DIRECT OR INDIRECT INTEREST IN, OR RELATIONSHIP WITH, ANY INDIVIDUAL OR ORGANIZATION WHICH PROPOSES TO ENTER INTO ANY TRANSACTION WITH THE NATIONAL FUND, SHALL GIVE NOTICE OF SUCH TO THE CHAIRMAN OF THE BOARD OF DIRECTORS, AND RECUSE HIM/HERSELF FROM DISCUSSING OR VOTING ON THE PARTICULAR TRANSACTION IN WHICH HE/SHE HAS AN INTEREST, OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON THE NATIONAL FUND, AND/OR AFFECT THE BOARD'S DECISION TO PARTICIPATE OR NOT PARTICIPATE IN SUCH TRANSACTION. IF A POTENTIAL CONFLICT ARISES DURING THE COURSE OF A MEETING AND IT IS NOT PRACTICAL FOR THE DIRECTOR TO GIVE NOTICE TO THE CHAIR OF THE BOARD OF DIRECTORS, THE BOARD MEMBER SHOULD DISCLOSE THE POTENTIAL CONFLICT TO THE BOARD AS SOON AS PRACTICAL THEREAFTER, AND THE BOARD SHALL THEN DECIDE WHAT ACTION IS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD GOVERNANCE COMMITTEE SURVEYED ALL BOARD MEMBERS FOR INPUT ABOUT THE PERFORMANCE OF FRED DEDRICK, PRESIDENT & CEO OF THE ORGANIZATION. BASED ON THE INFORMATION GATHERED, THE CHAIR DOCUMENTED HIS PROGRESS, PREPARED AN EVALUATION AND COMPARED IT TO THE NATIONAL FUND'S GOALS. SALARY INCREASE WAS BASED ON PERFORMANCE AND COMPENSATION BENCHMARKING. THE DATE OF THE LAST COMPENSATION REVIEW WAS AUGUST 2017. OTHER OFFICERS AND KEY EMPLOYEES' PERFORMANCE AND SALARY ADJUSTMENTS WERE DECIDED BASED ON THE PRESIDENT & CEO'S REVIEW OF THEIR PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE NATIONAL FUND MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART VII, SECTION A THE SALARIES FOR MR. DEDRICK AND MS. WILSON REPORTED IN PART VII, SECTION A, ARE FOR CALENDAR YEAR 2016. THE ORGANIZATION BEGAN OPERATIONS IN OCTOBER OF 2016, SO THE COMPENSATION AMOUNTS REPORTED ARE ONLY FOR THE THREE MONTH PERIOD OCTOBER 2016 THROUGH DECEMBER 2016. ON PART IX, LINE 5, THE COMPENSATION REPORTED FOR THESE OFFICERS IS FOR THE ENTIRE FISCAL YEAR, OCTOBER 1, 2016 THROUGH SEPTEMBER 30, 2017. FORM 990, PART IX, LINE 11G CONTRACT LABOR/TEMP HELP: PROGRAM SERVICE EXPENSES 24,576. MANAGEMENT AND GENERAL EXPENSES 2,110. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,686. COACHING CONSULTANTS: PROGRAM SERVICE EXPENSES 199,294. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 199,294. RESEARCH EVAL & LEARN: PROGRAM SERVICE EXPENSES 103,960. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 103,960. DEVELOPMENT CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 39,000. TOTAL EXPENSES 39,000. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 6,083. MANAGEMENT AND GENERAL EXPENSES 10,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,083. PROFESSIONAL EMPLOYER FEES: PROGRAM SERVICE EXPENSES 19,405. MANAGEMENT AND GENERAL EXPENSES 6,107. FUNDRAISING EXPENSES 2,438. TOTAL EXPENSES 27,950. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,725. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,725.