2025-03-26T08:29:52-05:00 2024-06-30 881478669 CBIZ ADVISORS LLC 53 STATE STREET BOSTON MA 02109 990 2023-07-01 042652922 TRAINING RESOURCES OF AMERICA INC TRAI 5087970060 390 MAIN STREET SUITE 806 WORCESTER MA 01608 KIM RADCLIFFE PRESIDENT 5087970060 2025-03-25 1 1 DOUGLAS FARRINGTON P00370668 6178075000 2025-03-25 2023 2025-03-06 01:10:19Z KIM RADCLIFFE 390 MAIN STREET SUITE 806 WORCESTER MA 01608 2677648 0 X WWW.TRA-INC.ORG X CORPORATION 1975 MA TRAINING RESOURCES OF AMERICA IS DEDICATED TO PROVIDING EDUCATIONALLY AND ECONOMICALLY DISADVANTAGED YOUTH AND ADULTS WITH THE OPPORTUNITY TO ACQUIRE THE BASIC EDUCATION, WORK AND LIFE SKILLS AND SUPPORT THEY NEED TO BECOME ECONOMICALLY SELF-SUFFICIENT, LEAD FULFILLING LIVES AND ENSURE A BETTER FUTURE FOR THEMSELVES AND THEIR FAMILIES. 10 9 60 24 0 0 2423648 2660490 0 0 6263 13311 4036 3847 2433947 2677648 28255 114863 0 0 1945522 2001605 0 0 4972 550669 571500 2524446 2687968 -90499 -10320 1471330 1673201 657566 869757 813764 803444 X TRAINING RESOURCES OF AMERICA IS DEDICATED TO PROVIDING EDUCATIONALLY AND ECONOMICALLY DISADVANTAGED YOUTH AND ADULTS WITH THE OPPORTUNITY TO ACQUIRE THE BASIC EDUCATION, WORK AND LIFE SKILLS AND SUPPORT THEY NEED TO BECOME ECONOMICALLY SELF-SUFFICIENT, LEAD FULFILLING LIVES AND ENSURE A BETTER FUTURE FOR THEMSELVES AND THEIR FAMILIES. 0 0 2020749 114783 EDUCATIONAL TRAINING FOR YOUTH AND ADULTS. HISET, ADULT EDUCATION, ENGLISH FOR SPEAKERS OF OTHER LANGUAGES, COUNSELING, JOB READINESS TRAINING, HIGHER EDUCATION, INTERNSHIPS, RECRUITMENT, ASSESSMENT, FOLLOW-UP SERVICES. 514 PARTICIPANTS WERE SERVED. MORE THAN 538 POSITIVE OUTCOMES (HISET, GRADE GAINS, PLACEMENTS, HIGHER EDUCATION, ETC.) WERE ATTAINED. 204105 80 PLACEMENT/RETENTION PROGRAMS FOR ADULT EMPLOYMENT AND TRAINING. JOB READINESS TRAINING, WORLD OF WORK, WORK READINESS, COUNSELING, JOB PLACEMENT, INTERNSHIPS, RECRUITMENT, ASSESSMENT AND FOLLOW-UP SERVICES. 133 PARTICIPANTS WERE SERVED. 86 POSITIVE OUTCOMES WERE ATTAINED. 2224854 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 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 1 28 0 1 60 1 0 0 0 0 0 0 0 0 0 0 X 10 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X THE ORGANIZATION 5087970060 390 MAIN STREET SUITE 806 WORCESTER MA 01608 PAUL MCNAMARA CHAIRPERSON 5.00 X X 0 0 0 JASON PALITSCH VICE CHAIRPERSON 1.00 X X 0 0 0 MARIANNA RIEMER SECRETARY/TREASURER 1.00 X X 0 0 0 DAN KILGORE DIRECTOR 1.00 X 0 0 0 A DOUGLAS HADDAD DIRECTOR 1.00 X 0 0 0 KATHLEEN C MARCUM DIRECTOR 1.00 X 0 0 0 JOSEPH SULLIVAN DIRECTOR 1.00 X 0 0 0 EDWIN J WARD DIRECTOR (FROM 6/2023) 1.00 X 0 0 0 KIM RADCLIFFE PRESIDENT 40.00 X X 95206 0 12728 ASHLEY MARCUM DIRECTOR 1.00 X 0 0 0 MARY GLEASON CFO 36.00 X 77785 0 2264 172991 0 14992 0 0 0 0 0 2429721 230769 2660490 13311 13311 MISCELLANEOUS 900099 3847 3847 3847 2677648 0 0 17158 114863 114863 197001 197001 1504585 1370031 130424 4130 129422 114747 14320 355 170597 138758 31373 466 15602 15602 3050 1474 1576 46875 30312 16550 13 382775 348076 34699 7431 7291 140 10692 10370 322 30349 16244 14097 8 SUPPLIES 41435 41435 DUES AND SUBSCRIPTIONS 27640 27050 590 EQUIPMENT REPAIRS 5651 4203 1448 2687968 2224854 458142 4972 133790 208968 577188 370501 210444 350229 7832 3243 30174 30174 0 0 542076 740260 1471330 1673201 118441 128945 958 262 538167 740550 657566 869757 X 813764 778444 0 25000 813764 803444 1471330 1673201 -10320 0 X X 0 1 X 1 0 X 3392752 3207282 2551943 2423648 2660490 14236115 3392752 3207282 2551943 2423648 2660490 14236115 14236115 581 423 878 6263 13311 21456 9224 11 216 4036 3847 17334 14274905 0.99730 0.99830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 9,224. 2020 AMOUNT: $ 11. 2021 AMOUNT: $ 216. 2022 AMOUNT: $ 4,036. 2023 AMOUNT: $ 3,847. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22270 22270 0 7904 7904 0 0 SECURITY DEPOSITS 10491 OPERATING RIGHT-OF-USE ASSET 729769 740260 OPERATING LEASE LIABILITY 740550 740550 X 2677648 0 2677648 0 2677648 2687968 0 2687968 0 2687968 PART X, LINE 2: THE FOLLOWING IS AN EXCERPT FROM NOTE 2 OF THE FINANCIAL STATEMENTS: THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) IS REQUIRED TO BE FILED ANNUALLY WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX PROVISIONS UNDER FASB ASC 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW ENTITIES SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS REVIEWED THE ORGANIZATION'S REPORTING AND BELIEVES THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE IRS AND, THEREFORE, NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. 1 PARTICIPANT STIPENDS 57 98910 PARTICIPANT TRANSPORTATION 49 2980 PARTICIPANT RETENTION INCENTIVES 18 1200 PARTICIPANT TRAINING 43 3375 PARTICIPANT CLOTHING AND TOOLS 30 8398 PART I, LINE 2: ELIGIBLE PARTICIPANTS ARE ENROLLED INTO OUR TRAINING PROGRAMS. ONCE ENROLLED, THEY RECEIVE STIPENDS, TRANSPORTATION, INCENTIVES, TOOLS, CLOTHING, TEST FEES, AND OTHER SUPPORT SERVICES DEPENDING UPON PROGRAM GUIDELINES. BEFORE CHECKS ARE CREATED AND DISTRIBUTED, WRITTEN REQUESTS ARE SUBMITTED TO THE FISCAL DEPARTMENT VIA TIME SHEETS, REQUISITIONS, PARTICIPANT REQUEST FORMS, ETC. THESE REQUESTS ARE SIGNED BY STAFF IN CHARGE OF THE PROGRAM. ALL CHECKS GIVEN TO PARTICIPANTS ARE ACKNOWLEDGED BY SIGN-OFF FORMS WHICH ARE KEPT IN THEIR FILES. ALL ASSISTANCE TO PARTICIPANTS CAN BE TRACED BACK TO PROGRAM AND EXPENSE TYPE VIA OUR ACCOUNTING SYSTEM. PARTICIPANT FILES ARE REVIEWED BY BOTH STAFF AND INDEPENDENT AUDITOR. FORM 990, PART VI, SECTION A, LINE 2 ASHLEY MARCUM IS KATHLEEN MARCUM'S DAUGHTER, BOTH CURRENT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS DISTRIBUTED, REVIEWED, AND VOTED TO BE ACCEPTED BY TRAINING RESOURCES OF AMERICA BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C TRAINING RESOURCES OF AMERICA GIVES A COPY OF THE CONFLICT OF INTEREST POLICY TO STAFF AND BOARD OF DIRECTORS UPON START DATE. FORM 990, PART VI, SECTION B, LINE 15 TRAINING RESOURCES OF AMERICA HAS A COMPENSATION COMMITTEE MADE UP OF INDEPENDENT DIRECTORS WHO REVIEW AND APPROVE COMPENSATION AND ANY CHANGES TO COMPENSATION OF THE CEO/PRESIDENT AND KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, TRAINING RESOURCES OF AMERICA WILL PROVIDE THE PUBLIC GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS.