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Nonprofit · EIN 27-2323749

NEW WORKFORCE DIRECTIONS INC

Also known as MADISON STRATEGIES GROUP

Tax-exempt · TULSA, OK 74120

Financials

$2M$3.9M2023$3.6M$3.9M2024
Revenue Expenses · by fiscal year end
Financials of NEW WORKFORCE DIRECTIONS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,646,037$3,946,080-$300,043$2,959,125$698,161$2,260,964
December 31, 2023990$1,982,898$3,928,575-$1,945,677$3,127,645$566,638$2,561,007
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,636,037
of which government grants
$1,182,506
Program service revenue
$10,000
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$192,663
Other salaries and wages
$1,493,194
Salaries, compensation and benefits (total)
$1,957,110
Professional fundraising fees
$0
Legal fees
$1,262
Accounting fees
$92,992
Occupancy
$261,987
Depreciation
$405,455
Program services (functional)
$3,682,982
Management and general (functional)
$227,830
Fundraising (functional)
$35,268

Balance sheet and other

Total assets, start of year
$3,127,645
Total assets, end of year
$2,959,125
Total liabilities, end of year
$698,161
Net assets, end of year
$2,260,964
Land, buildings and equipment
$314,375
Net assets without donor restrictions
$1,976,848
Net assets with donor restrictions
$284,116
Gross receipts
$3,646,037
Employees
34
Volunteers
10
Year formed
2011
State of legal domicile
OK

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KAREN PENNINGTONEXECUTIVE DIRECTOR
Trustee or director
40$192,663
STEVE TUMPKINEMPLOYEE
Highest-paid employee
40$110,620
JOHN GOLDMANCHAIRMAN
Trustee or director, Officer
3$0
CHANNING STAVESECRETARY
Trustee or director, Officer
1$0
PATRICIA NAZEMETZDIRECTOR
Trustee or director
1$0
JACKIE PRICE-JOHNANNSENDIRECTOR
Trustee or director
1$0
BRUCE BEGITSCHKEDIRECTOR
Trustee or director
1$0
MARK SAVOYEDIRECTOR
Trustee or director
1$0
ROCKY BRIGHTDIRECTOR
Trustee or director
1$0
PAUL MANESSDIRECTOR
Trustee or director
1$0
CYNTHIA SOLOMANDIRECTOR
Trustee or director
1$0
TERESA EVANSDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
KAREN PENNINGTONEXECUTIVE DIRECTOR
Trustee or director
40$180,824
STEVE TUMPKINEMPLOYEE
Highest-paid employee
40$104,300
JOHN GOLDMANCHAIRMAN
Trustee or director, Officer
3$0
CHANNING STAVESECRETARY
Trustee or director, Officer
1$0
TERRYLN SMOCKDIRECTOR
Trustee or director
1$0
PATRICIA NAZEMETZDIRECTOR
Trustee or director
1$0
MARY SMITH CROFTSDIRECTOR
Trustee or director
1$0
JACKIE PRICE-JOHNANNSENDIRECTOR
Trustee or director
1$0
BRUCE BEGITSCHKEDIRECTOR
Trustee or director
1$0
MARK SAVOYEDIRECTOR
Trustee or director
1$0
ROCKY BRIGHTDIRECTOR
Trustee or director
1$0
PAUL MANESSDIRECTOR
Trustee or director
1$0
CYNTHIA SOLOMANDIRECTOR
Trustee or director
1$0
TERESA EVANSDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
907 S DETROIT AVE STE 210, TULSA, OK 74120-4319
Principal officer (990 for 2024)
KAREN PENNINGTON, 907 S DETROIT AVENUE 210, TULSA, OK 741204319
Signed the 990
KAREN PENNINGTON, EXECUTIVE DIRECTOR
Phone
(918) 442-2204
Return prepared by
REGIER CARR & MONROE LLP

Mission

MADISON STRATEGIES GROUP'S MISSION IS TO BUILD AND STRENGTHEN JOB SKILLS, SEE SCHEDULE "O" FOR DETAIL.MADISON STRATEGIES GROUP'S MISSION IS TO BUILD AND STRENGTHEN THE TALENT AND SKILL OF THOSE JOB SEEKERS WE SERVE. WE EMPOWER JOB SEEKERS WITH THE ABILITY TO EFFECTIVELY MEET THE NEEDS OF OUR EMPLOYER PARTNERS. BY INVESTING AND ENGAGING IN INNOVATIVE SOLUTIONS AND PARTNERSHIPS, WE PROVIDE HOPE FOR THOSE WE SERVE, OUR BUSINESS PARTNERS, AND THE COMMUNITY AT LARGE.

990 for the year ended December 31, 2024

Program accomplishments

  • MADISON STRATEGIES GROUP'S MISSION IS TO BUILD AND STRENGTHEN JOB SKILLS, SEE SCHEDULE "O" FOR DETAIL.MADISON STRATEGIES GROUP OPERATES MULTIPLE WORKFORCE DEVELOPMENT PROGRAMS IN TULSA THAT PROVIDE UNDERSERVED RESIDENTS WITH NO-COST EDUCATION, EMPLOYMENT, AND ADVANCEMENT OPPORTUNITIES THAT LEAD TO GREATER FINANCIAL SECURITY AND ECONOMIC SELF-SUFFICIENCY. MSG'S FLAGSHIP PROGRAM, TULSA COMMUNITY WORKADVANCE, IS A UNIQUE, SECTOR-BASED, DUAL-CUSTOMER WORKFORCE MODEL THAT HAS BEEN PROVEN TO WORK THROUGH A NATIONAL RESEARCH STUDY. THE INNOVATIVE WORKADVANCE MODEL COMBINES NO-COST, CUSTOMIZED TECHNICAL TRAINING AND PLACEMENT SERVICES WITH EXTENSIVE CAREER ADVISING AND SOFT SKILLS TRAINING TO HELP LOW-INCOME INDIVIDUALS RISE OUT OF POVERTY WHILE MEETING THE NEEDS OF BUSINESSES IN HIGH-DEMAND SECTORS. WORKFORCE AND CAREER NEEDS CONTINUE TO GROW AMONG LOW-INCOME, UNDEREMPLOYED, AND UNEMPLOYED POPULATIONS THROUGHOUT TULSA. IN RESPONSE, MSG HAS EXPANDED AND LAUNCHED MULTIPLE PROGRAMS DESIGNED TO SERVE TARGETED TULSA RESIDENTS WITH TRAINING, JOB PLACEMENT, AND CAREER COACHING SERVICES THAT INCREASE ECONOMIC MOBILITY AND STRENGTHEN TULSA'S TALENT PIPELINE. THESE INITIATIVES NOT ONLY HELP INDIVIDUALS ADVANCE TO BUT ALSO PROVIDE LOCAL BUSINESSES WITH A EXPANDED POOL OF SKILLED WORKERS. MSG'S PROGRAMS SERVE A VARIETY OF POPULATIONS, INCLUDING YOUNG ADULTS AGES 1824 THROUGH THE NEXTUP PROGRAM, PUBLIC HOUSING RESIDENTS THROUGH JOBSFIRST, RESIDENTS OF NORTH TULSA THROUGH THE DUE NORTH PROGRAM, HOUSEHOLDS WITHYOUNG CHILDREN THROUGH THE CAREER CONNECTION PROGRAM, AND ADULTS SEEKING TO UPSKILL THROUGH THE RETRAIN TULSA PROGRAM.IN 2024, MSG SERVED OVER 1,200 INDIVIDUALS WITH CAREER READINESS TRAINING, JOB PLACEMENT, ADVANCED TRAINING, AND CAREER ADVANCEMENT AND COACHING SERVICES. OVER 270 OF MSG'S CUSTOMERS SECURED NEW JOBS IN 2024, EARNING AN AVERAGE OF 25% MORE IN INCOME AFTER OUR TRAINING AND SERVICES. AS OUR ECONOMY AND WORKFORCE CONTINUE TO CHANGE, WE ARE FOCUSED ON TRAINING AND PREPARING PEOPLE FOR JOBS OF THE FUTURE AND TECHNOLOGY-BASED JOBS. MSG IS WELL-POSITIONED TO RESPOND AND ENSURE THAT INDIVIDUALS IN OUR COMMUNITY ARE TRAINED AND PLACED INTO GREAT CAREERS THAT PROVIDE BUSINESSES WITH SKILLED WORKERS.
    Expenses $3,682,982 · revenue $10,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-2323749
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J20)
Assets (IRS master file)
$2,959,125
Income (IRS master file)
$3,646,037

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,646,037$3,946,080$2,959,125IRS
990December 2023$1,982,898$3,928,575$3,127,645XML
990December 2022$3,807,256$3,865,199$5,115,810IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2323749).

Questions about NEW WORKFORCE DIRECTIONS INC

What is the EIN of NEW WORKFORCE DIRECTIONS INC?
The employer identification number (EIN) of NEW WORKFORCE DIRECTIONS INC is 27-2323749.
Is NEW WORKFORCE DIRECTIONS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to NEW WORKFORCE DIRECTIONS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW WORKFORCE DIRECTIONS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEW WORKFORCE DIRECTIONS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW WORKFORCE DIRECTIONS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW WORKFORCE DIRECTIONS INC?
The 990 for the year ended December 31, 2024 names KAREN PENNINGTON.
Who are the officers and directors of NEW WORKFORCE DIRECTIONS INC?
The 990 for the year ended December 31, 2024 lists 12 people; 2 received compensation from the organization, the highest $192,663 (KAREN PENNINGTON, EXECUTIVE DIRECTOR).
How much revenue does NEW WORKFORCE DIRECTIONS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,646,037, expenses of $3,946,080 and total assets of $2,959,125 at year end.

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