The WorkPlace
Legal name: The Workplace Inc
Nonprofit profile at a glance
- EIN
- 222484517
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Bridgeport, CT, US
- Phone
- 203-610-8500
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Vocational Rehabilitation
Reported finances
- Revenue
- $39,487,648
- Expenses
- $39,369,194
- Assets
- $10,621,183
- Liabilities
- $9,818,758
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
44 people listed
Executive titles in this filing
- JOSEPH CARBONE (PRESIDENT & CEO)
- MICHAEL MCCARTHY (VICE PRESIDENT HUMAN RESOU)
Highest reported compensation
- JOSEPH CARBONE (PRESIDENT & CEO): $372,564 total reported compensation
- ADRIENNE PARKMOND (CHIEF OPERATING OFFICER): $360,352 total reported compensation
- TOM LONG (SR VP OF COMMUNICATIONS &): $245,186 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 mission of The WorkPlace is to develop a well-educated, well-trained, and self-sufficient workforce that can confidently compete in today’s changing global marketplace.
What it reported doing in 2024
Youth programs - through the careerhub, we offer skills training as well as job search and placement services. Our team will provide tools to help young adults stay competitive in the workforce and the insight and confidence needed to impress potential employers. Young adults between the ages of 16 to 24 receive assistance with choosing and preparing for a career they can be proud of. The careerhub has a staff of knowledgeable workforce specialists who can help each young person discover their career interest and work toward attaining the skills needed to gain employment. Every participant receives individualized attention as services can be tailored to meet each person's needs and goals. Young adults up to age 24 living throughout southwestern Connecticut can apply to participate in training programs funded by the workplace. Subject to eligibility criteria and funding availability. The workplace is dedicated to helping young adults become valuable and self-reliant members of the community by offering skills training, as well as job search and placement services. Services offered include, but are not limited to: career coaching occupational training ged exam assistance job search assistance life management training entrepreneurial/administrative skills comprehensive counseling and guidance resume writing literacy support occupational access/training: construction healthcare hospitality services manufacturing customer service cdl licensing paid internships and more
Operating model
- Revenue model
- Grant-funded. 98% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 47% for direct work, and 53% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 91
- Accountability: 91
- Sustainability: 25
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.3%; rating input score 91
- Program expense ratio: 91.6%; rating input score 92
- Fundraising efficiency: $269.85 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 66th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.3%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.27; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 4.5%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 22nd percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 91.3% of revenue deployed · 91.6% of spending went to programs
- Governance: 37 of 37 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $36.1M in reported program spending
- Leadership: top reported pay $373K · 44 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.8M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 8 filed related-organization links
- 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.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.