Overview
What is Greater New Bedford Workforce Investment Board Inc?
Greater New Bedford Workforce Investment Board Inc is a nonprofit organization situated in New Bedford, Massachusetts. Its primary mission is to serve both businesses and workers within the Greater New Bedford region, promoting workplace solutions through the Career Center. The board emphasizes continuous improvement and offers customer service of excellence to job seekers and employers. As a coordinator of workforce development training, its objective is to lead and oversee the local workforce development system by securing and allocating public and private funds to programs and initiatives that foster a skilled and educated workforce, cater to employers' workforce needs, and support economic development in the region. The organization plays an active role in community and workforce development, contributing to strong regional economies.
Official website here: www.masshiregreaternewbedford.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
The Greater New Bedford Workforce Investment Board Inc has received an 86% score from Charity Navigator, indicating a strong performance in accountability and finance. The organization boasts a fully independent board, solid financial oversight, and comprehensive policies that promote transparency and ethical governance. Its high program expense ratio suggests that a significant portion of its funds is directed towards its programs, which is a positive indicator of its commitment to its mission.
Strengths of the organization include its excellent ratings in governance practices, such as having an independent board and rigorous audit procedures. The absence of asset diversion and the presence of essential policies like conflict of interest and whistleblower protections further bolster its reputation for accountability. These factors contribute to the nonprofit's overall reliability and trustworthiness.
However, the organization has received a lower score in its liabilities to assets ratio, which is at 62.93%. While this indicates a manageable level of liabilities, it may suggest some financial vulnerabilities that could impact future operations or growth. Continuous monitoring of financial health and strategic planning will be essential to maintain its operational integrity and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Greater New Bedford Workforce Investment Board Inc legitimate?
Greater New Bedford Workforce Investment Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater New Bedford Workforce Investment 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: $238,472
Professional Fundraising Fees: $0
Other Salaries and Wages: $599,973
For more financial information, click here
Official website here: www.masshiregreaternewbedford.com
What is the mission statement of Greater New Bedford Workforce Investment Board Inc?
The Greater New Bedford Workforce Investment Board Inc serves as a coordinator for workforce development training. Their mission, in essence, is to provide leadership and oversight for the local workforce development system. They achieve this by securing and allocating both public and private funds to various programs and initiatives. These initiatives are aimed at developing a skilled and educated workforce, addressing the workforce needs of employers, and contributing to economic development, all within the broader context of their operational region.
Official website here: www.masshiregreaternewbedford.com
What is the revenue of Greater New Bedford Workforce Investment Board Inc?
Greater New Bedford Workforce Investment Board Inc's revenue in 2024 was $5,700,799.
Official website here: www.masshiregreaternewbedford.com
Who are the executives of Greater New Bedford Workforce Investment Board Inc and what are their salaries?
Here are 39 key members and their salaries:
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Official website here: www.masshiregreaternewbedford.com
Where can I find the form 990 for Greater New Bedford Workforce Investment Board Inc?
Greater New Bedford Workforce Investment Board Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.masshiregreaternewbedford.com
Learn more at the official website: www.masshiregreaternewbedford.com
Mission Statement of Greater New Bedford Workforce Investment Board Inc
Greater New Bedford Workforce Investment Board Inc plays a crucial role in the local workforce development ecosystem. Their mission, in essence, is to serve as a coordinator, providing leadership and oversight for the system. They secure and allocate both public and private funds to various programs and initiatives. The primary objective of these efforts is to develop a skilled and educated workforce, addressing the needs of employers and supporting economic development in the broader New Bedford area. This mission is instrumental in ensuring that the local workforce is equipped with the necessary skills to meet the demands of the job market, ultimately benefiting both the individuals and the overall economy.
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Impact
July, 2024
Greater New Bedford Workforce Investment Board Inc plays a crucial role in driving workplace solutions in the Greater New Bedford region. By overseeing the allocation of public and private funds to workforce development programs and initiatives, they have significantly contributed to developing a skilled and educated workforce that meets the needs of employers and supports economic development. Through their Career Center, they provide excellent customer service to both job seekers and employers, focusing on continuous improvement. This organization plays an active role in community and workforce development, ultimately contributing to the overall improvement of the region.
This information is meant to be a general summary of Greater New Bedford Workforce Investment 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 2024.
- Investment Income: $13,297
- Program Service Revenue: $63,934
- Gross Receipts: $5,700,799
Assets and Liabilities:
- Total Assets: $1,114,287
- Total Liabilities: $528,630
- Net Assets: $585,657
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$63,934
Organization Details
Founding Year
1996
Principal Officer
James Oliveira
NTEE Category
Code: S30 - Community improvement
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