Overview
What is Cape And Islands Workforce Development Board Inc?
Cape And Islands Workforce Development Board Inc, also known as MASSHIRE - Cape and Islands, is a private sector-led regional agency based in Hyannis, Massachusetts. The organization serves as a significant link between the region's economic development agencies, training providers, and employers, ensuring people have access to the necessary skills for meeting occupational requirements. Primarily funded through contracts from the Commonwealth of Massachusetts' departments and quasi-governmental entities, this nonprofit organization oversees all publicly funded vocational education and training programs across Cape Cod and the islands of Martha's Vineyard and Nantucket, adhering to the mandates set forth by the Federal Workforce Investment Act of 1998. With a team of 4 dedicated individuals, Cape And Islands Workforce Development Board Inc plays a crucial role in fostering a skilled workforce that drives the economic growth of the region.
Official website here: www.masshire-capeandislandswb.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Cape And Islands Workforce Development Board Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. This rating reflects the organization's strong commitment to transparency and responsible financial management, with a notable Accountability & Finance score of 81%. The charity has demonstrated exemplary governance practices, including a board composed entirely of independent members, and has policies in place for conflict of interest and whistleblower protection.
Financially, the organization shows a strong program expense ratio of 93.98%, which suggests that a significant portion of its budget is directed towards its programs rather than administrative costs. The charity's financial oversight is also robust, with no material diversion of assets reported and a thorough audit and oversight process in place. The presence of detailed board meeting minutes and clear guidelines for document retention further underscores its commitment to accountability.
However, a point of concern is its liabilities to assets ratio of 81.59%, which received no points in its evaluation. This may indicate potential financial risks that could affect its long-term sustainability. Overall, while the Cape And Islands Workforce Development Board Inc exhibits strong governance and program spending, stakeholders should be aware of its financial liabilities as they evaluate the organization's overall health.
This AI summary has been generated from information found on Charity Navigator.
Is Cape And Islands Workforce Development Board Inc legitimate?
Cape And Islands Workforce Development Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cape And Islands Workforce Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,085
For more financial information, click here
Official website here: www.masshire-capeandislandswb.com
What is the mission statement of Cape And Islands Workforce Development Board Inc?
The Cape and Islands Workforce Development Board Inc serves as a regional, private sector-led agency, overseeing all publicly funded vocational education and training programs in Cape Cod, Martha's Vineyard, and Nantucket. Its mandate stems from the Federal Workforce Investment Act of 1998. The organization's mission is to establish and direct a regional workforce development system, providing individuals with access to necessary skills training to meet the occupational demands of local employers. It acts as a significant bridge between the region's economic development agencies, training providers, and current and potential employers. The organization primarily receives support through contracts from the Commonwealth of Massachusetts' departments and quasi-governmental entities.
Official website here: www.masshire-capeandislandswb.com
Who is the CEO of Cape And Islands Workforce Development Board Inc?
Kara Galvin is the Chair of Cape And Islands Workforce Development Board Inc. The CEO's salary of Cape And Islands Workforce Development Board Inc is $0 and their total compensation is $0.
Official website here: www.masshire-capeandislandswb.com
What is the revenue of Cape And Islands Workforce Development Board Inc?
Cape And Islands Workforce Development Board Inc's revenue in 2022 was $549,410.
Official website here: www.masshire-capeandislandswb.com
Who are the executives of Cape And Islands Workforce Development Board Inc and what are their salaries?
The average compensation at Cape And Islands Workforce Development Board Inc during 2022 was $48,771. There are 4 employees and 10 volunteers at Cape And Islands Workforce Development Board Inc.
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Official website here: www.masshire-capeandislandswb.com
Where can I find the form 990 for Cape And Islands Workforce Development Board Inc?
Cape And Islands Workforce Development Board Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.masshire-capeandislandswb.com
Learn more at the official website: www.masshire-capeandislandswb.com
Mission Statement of Cape And Islands Workforce Development Board Inc
Cape And Islands Workforce Development Board Inc, as a regional, private sector-led agency, is responsible for overseeing all publicly funded vocational education and training programs serving the areas of Cape Cod, Martha's Vineyard, and Nantucket. The organization's mission is to guide the formation and focus of a regional workforce development system that provides individuals with access to training for the skills required by the area's employers. By serving as a major link between the region's economic development agencies, training providers, and current and potential employers, the Cape And Islands Workforce Development Board Inc plays a crucial role in supporting the growth of the workforce in these areas. The organization is primarily funded through contracts from the Commonwealth of Massachusetts' departments and quasi-governmental entities.
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Impact
July, 2024
Cape And Islands Workforce Development Board Inc's impact lies in guiding the formation and focus of a regional workforce development system that provides people with access to training for the skills needed to meet the occupational requirements of the area's employers. The organization serves as a crucial link between economic development agencies, training providers, and current/potential employers. Through overseeing all publicly funded vocational education and training programs for Cape Cod, Martha's Vineyard, and Nantucket, it plays a significant role in supporting employment opportunities in the region.
This information is meant to be a general summary of Cape And Islands Workforce Development 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: $14
- Gross Receipts: $549,410
Assets and Liabilities:
- Total Assets: $287,952
- Total Liabilities: $218,182
- Net Assets: $69,770
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Organization Details
Founding Year
1994
Phone
(508) 775-5900Principal Officer
Kara Galvin
Main Address
426 NORTH STREET SUITE 9, HYANNIS, MA, 02601
NTEE Category
Code: J220 - Employment
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