Overview
What is Masshire North Central Workforce Board Inc?
Masshire North Central Workforce Board Inc, located in Leominster, Massachusetts, is a nonprofit organization dedicated to improving the economic and social welfare of the North Central Massachusetts region. They accomplish this goal by supporting education, employment, and training programs that enhance the employability of young people and adults. The organization provides job-driven employment and educational services, aiming to expand opportunities for local residents while also offering employers a competitive workforce necessary for success. With a team of 204 individuals, they are committed to fostering a thriving and dynamic regional workforce.
Official website here: www.masshirenorthcentralwb.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Masshire North Central Workforce Board Inc received a two-star rating from Charity Navigator, indicating a need for improvement. The organization scored 72% overall, reflecting solid governance practices such as a fully independent board and well-defined policies on conflict of interest and whistleblowing. The organization excels in accountability, evidenced by its rigorous audit processes and lack of material asset diversion.
However, the financial health of the organization raises concerns, particularly regarding its liabilities to assets ratio, which is notably high at 92.66%. This suggests significant debt relative to its assets, posing a potential risk to its operations. Additionally, the fundraising efficiency ratio is exceptionally low, indicating challenges in raising funds effectively.
Despite these limitations, Masshire North Central Workforce Board Inc demonstrates a strong commitment to its programs, with a program expense ratio of nearly 95%. This shows that a large majority of its expenses are directed towards its mission-related activities, which is a positive aspect for stakeholders considering the organization's overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Masshire North Central Workforce Board Inc legitimate?
Masshire North Central Workforce Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masshire North Central Workforce Board Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $148,670
Professional Fundraising Fees: $0
Other Salaries and Wages: $739,948
For more financial information, click here
Official website here: www.masshirenorthcentralwb.com
What is the mission statement of Masshire North Central Workforce Board Inc?
Masshire North Central Workforce Board Inc's mission is centered around providing job-driven employment and educational services. Their primary objective is to expand opportunities for young people and adults in North Central Massachusetts. Additionally, they aim to support employers by providing them with a competitive workforce needed for their success. The organization promotes, stimulates, develops, and advances the economic and social welfare of the region through education, employment, and training programs and services that enhance the employability of young people and adults.
Official website here: www.masshirenorthcentralwb.com
Who is the CEO of Masshire North Central Workforce Board Inc?
Barbara Mahoney is the Executive Director of Masshire North Central Workforce Board Inc.
Official website here: www.masshirenorthcentralwb.com
What is the revenue of Masshire North Central Workforce Board Inc?
Masshire North Central Workforce Board Inc's revenue in 2022 was $3,399,312.
Official website here: www.masshirenorthcentralwb.com
Who are the executives of Masshire North Central Workforce Board Inc and what are their salaries?
The average compensation at Masshire North Central Workforce Board Inc during 2022 was $4,356. There are 204 employees at Masshire North Central Workforce Board Inc.
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Official website here: www.masshirenorthcentralwb.com
Where can I find the form 990 for Masshire North Central Workforce Board Inc?
Masshire North Central Workforce Board Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.masshirenorthcentralwb.com
Learn more at the official website: www.masshirenorthcentralwb.com
Mission Statement of Masshire North Central Workforce Board Inc
Masshire North Central Workforce Board Inc is dedicated to providing job-driven employment and educational services that expand opportunities for young people and adults in North Central Massachusetts. Their mission is geared towards equipping both individuals and employers with the necessary tools to succeed in the workforce. By promoting, stimulating, developing, and advancing the economic and social welfare of the region, Masshire North Central Workforce Board Inc supports education, employment, and training programs and services that increase the employability of young people and adults in North Central Massachusetts. This organization plays a crucial role in fostering a competitive workforce that meets the needs of employers in the region, thereby contributing to the region's overall economic growth and development.
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Impact
July, 2024
Masshire North Central Workforce Board Inc's impact is significant in North Central Massachusetts as it provides job-driven employment and educational services that expand opportunities for young people and adults in the region. By doing so, it helps employers in the area access the competitive workforce they need to succeed. Through its promotion, stimulation, and development of economic and social welfare in North Central Massachusetts, this organization plays a crucial role in supporting education, employment, and training programs that enhance the employability of individuals in the region. Overall, Masshire North Central Workforce Board Inc positively contributes to the local community by facilitating job opportunities and skill development for its residents.
This information is meant to be a general summary of Masshire North Central Workforce Board Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $42
- Gross Receipts: $3,399,312
Assets and Liabilities:
- Total Assets: $1,587,232
- Total Liabilities: $1,395,335
- Net Assets: $191,897
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Organization Details
Founding Year
1985
Phone
(978) 534-1023Principal Officer
Barbara Mahoney
Main Address
100 ERDMAN WAY, LEOMINSTER, MA, 01453
NTEE Category
Code: J200 - Employment
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