A PROUD AFFILIATE OF OIC OF AMERICA ANNUAL REPORT 2015 WHERE SUCCESS STARTS
MESSAGE FROM THE CHAIRMAN & EXECUTIVE DIRECTOR JobTrain began its 50th year with a new three-year strategic plan developed with help from every part of the JobTrain community with clear goals and metrics and a plan to build on its foundation of success and increase our impact across the Bay Area. Like so many of our students, faced with exciting opportunities and at times difficult challenges, we have had to adapt. Through it all, the incredible team at JobTrain made sure that our students had expanded pathways to reach their potential and build life changing opportunities for themselves, their families, and their communities. We have met or exceeded many of the goals laid out in the first year of our three year plan. This year, 88% completed our training programs and 82% were placed in jobs. We also generated a positive economic benefit estimated at close to $15 million dollars through our training and tax refund program alone, an increase from last year. We are especially proud to have expanded partnerships that strengthened our programs and extended our impact to communities across the Bay Area. We offer high school and college credits, an expanded child care program, new medical and technology programs, and a joint venture social enterprise that will employ our students and provide much needed job experience for those most in need. However, our students face greater challenges than ever before: the cost of a place to live often far exceeds their income, even while many are working two jobs. We are looking at all options, including evening and wage supplement programs while students are in class to make sure as many people in our community as possible can participate. While JobTrain has had some great successes this year, we also faced some difficult challenges. Through it all, our Board, donors, employers, volunteers, community partners, alumni, students, and staff came together as a team to find ways to create tremendous opportunity for our community. Your enthusiasm and support are the reasons JobTrain s impact and reach has continued to grow. Thank you for making sure we can help those most in need succeed! Wade Loo Chairman Nora Sobolov Executive Director For our complete 2015 Report to Stakeholders, please visit our website at: www.jobtrainworks.org/about-us/jobtrain-publications
IMPACT RESULTS PROGRAM COMPLETION: 88% In Fiscal Year 2015, JobTrain s placement and retention rates for its vocational training were high: 82% were placed. 90% of those placed in Fiscal Year 2014 were still working in Fiscal Year 2015, and many had been promoted. For our population of formerly incarcerated participants, our recidivism rate is 27%, well below the expected rate of 65%. It is difficult to estimate the economic impact of all of JobTrain s many programs; however, we do know the economic impact of our vocational training and tax preparation services total estimated return to the public: $15,000,000. 82% Graduates Placed in Careers 90% Placements with Jobs One Year Later 27% Actual Recidivism Rate WHAT DIDN T HAVE TO BE PAID FOR AS A RESULT OF JOBTRAIN PROGRAMS What did not have to be paid for as a result of JobTrain programs Economic What clients earned + Benefit and/or contributed = (approximate) 2% 17% 1.5% 11.5% 68% $15m $324,000 Unemployed Benefits $2.5m Incarceration $240,000 Public Assistance $1.8m Federal + State Tax Refunds $10.1m Earned Income
WHO WE SERVE Of the 7,297 people we served: Education: Employment status: 73% were adults and 27% were youth 22% have dropped out of high school 73% are unemployed On public assistance: 28% Very and extremely low income: 95% Formerly incarcerated (in our vocational training program) 31% WHERE CLIENTS LIVED (ALL) 10% 40% 19% 8% 16% 7% Menlo Park Redwood City Santa Clara County Balance of San Mateo County Other East Palo Alto CLIENTS ETHNICITY (ALL) Pacific Islander 7% African-American 20% Caucasian 13% Latino 52% Asian 7% Other 1%
HOW WE SERVE THEM 6.6% Full-Time Vocational Training Vocational Training Outside JobTrain 1% After-School Programs 3.7% Job Placement Services 0.5% Child Development 6.4% Skills Upgrade Training 18.1% Peninsula Works One-Stop 21.1% Single Stop 11.1% Initial Services 24.2% Job Fairs + Employer Recruitments 7.3% Workshops
WHERE FUNDS CAME FROM FINANCIAL RESULTS Balance sheet as of June 30, 2015. Government Grants (fee for service) 35% 9% Other Revenue Earned <1% Revenue Government Grants 8% Foundation Grants 20% 15% 13% Special Events / Corporate Individual Contributions FISCAL YEAR 2015 BALANCE SHEET Assets Current assets Cash and cash equivalents $1,303,964 Investments in Securities 2,110,080 Other current assets 630,735 Total current assets 4,044,780 Non-current assets Fixed Assets 6,834,936 Less depreciation & amortization (3,995,375) Total non-current assets 2,839,561 HOW FUNDS WERE USED Special Programs / On-the-Job Training 19% 30% Training Total Assets 6,884,341 Liabilities and Net Assets Current liabilities Accounts payable 504,711 Accrued payroll and benefits 285,400 Other current liabilities 321,700 Total current liabilites 1,111,811 Long-term liabilities Capital lease obligation 149,303 Notes payable 300,000 Total long-term liabilities 449,303 Fund Development Administrative 13% 8% 7% Child Development Center 9% Youth Programs 14% Counseling + Job Development Total Liabilities 1,561,114 Total Net Assets 5,323,227 Total Liabilities & Net Assets $6,884,341 Unaudited. Excluding FY15 depreciation expenses and capital lease adjustment. Audited financial statement available upon request. JobTrain 1200 O Brien Drive Menlo Park, CA 94025 Phone: (650) 330-6429 Fax: (650) 330-6401 www.jobtrainworks.org