Business Employment Skills Team Inc
Nonprofit profile at a glance
- EIN
- 363297621
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Peru, IL, USA
- Phone
- 8157800712
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $3,231,640
- Expenses
- $3,228,367
- Assets
- $380,260
- Liabilities
- $325,133
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- CARRIE FOLKEN (EXECUTIVE DIRECTOR)
Highest reported compensation
- CARRIE FOLKEN (EXECUTIVE DIRECTOR): $103,563 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's function is training and job placement of youth, adult and dislocated workers.
What it reported doing in 2024
The organization's function is training and job placement of youth, adult, and dislocated workers. The objectives of the various wioa programs are to establish programs to prepare youth and unskilled adults to enter into the labor force. This is accomplished by providing job training and employment services for economically disadvantaged, unemployed or underemployed persons, upgrading for persons working at less than full skill potential and retraining programs for persons having received notice of impending lay-off with little re-employment opportunity and supportive services which enable eligible individuals to participate in the program and contribute to their self-sufficiency. Business employment skills team, inc. Also administers the trade adjustment assistance workers program. This program provides adjustment assistance to qualified workers adversely affected by foreign trade which will assist them to obtain suitable employment. During the program year 7/1/14-6/30/15, business employment skills team, inc. Merged with a neighboring workforce area increasing our number of counties that are served from four to eight. During the current fiscal year, business employment skills team, inc. Served 201 adults, 171 youth, 73 dislocated workers, 0 other dislocated workers (1-e), and 0 trade adjustment assistance client. In addition to the cleints serverd under wioa funding, best, inc. Provided work based learning and support service opportunities to an additional 65 individuals under state supplemental funding.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 26
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.5%; rating input score 90
- Program expense ratio: 90.6%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.1%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 0.86; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 3.2%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: -1% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: -0.7% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 1.2% per year; rating input score 100; 16th percentile among comparable filings
Details
- Where the money goes: 90.5% of revenue deployed · 90.6% of spending went to programs
- Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.9M in reported program spending
- Leadership: top reported pay $104K · 11 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.