Overview
What is Futureworks Inc?
Futureworks Inc, operating under the name Masshire Springfield Career Center, is a vital nonprofit organization situated in Springfield, Massachusetts. With a team of 45 dedicated individuals, their mission is to foster powerful connections between businesses and job seekers through a comprehensive range of workforce development services. They offer a variety of resources to employers, such as labor market information, job postings, on-site recruitment, and computer skills classes. In turn, they cater to job seekers with career counseling, resume critiques, computer classes, access to local job postings, and workshops on relevant topics. Their resource room is equipped with essential tools like computers, copiers, fax machines, telephones, and internet access, ensuring that job seekers have the support they need in their job search. This year, they have helped 9,322 job seekers and 2,760 businesses by providing educational programs, career counseling, and recruitment services.
Official website here: www.masshirespringfield.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Futureworks Inc, operating as Masshire Springfield Career Center, has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scored exceptionally well in various accountability metrics, including having a fully independent board and comprehensive financial oversight practices. This high rating underscores their commitment to transparency and responsible financial management.
The organization excels in ensuring that the majority of its expenses are allocated to programs, with a program expense ratio of 88.90%. This indicates a strong focus on delivering services rather than on administrative costs. Furthermore, they have implemented key policies on conflict of interest and whistleblower protections, contributing to their strong governance framework.
One area for improvement is their liabilities to assets ratio, which stands at 57.99%. While this is not uncommon, it suggests that the organization may face challenges regarding its financial leverage. Overall, Futureworks Inc demonstrates a solid operational foundation and a commitment to its mission, making it a reliable choice for donors seeking to support effective workforce development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Futureworks Inc legitimate?
Futureworks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Futureworks 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: $213,965
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,677,816
For more financial information, click here
Official website here: www.masshirespringfield.org
What is the mission statement of Futureworks Inc?
The mission of Futureworks Inc, operating as Masshire Springfield Career Center, is centered around serving both employers and job seekers by providing workforce development services. Through a network of employment professionals, they establish and maintain strong connections between businesses and potential employees. The career center offers a variety of services to businesses, such as labor market information, job postings, on-site direct recruitment, job expos, and computer skills classes. For job seekers, they offer career counseling, resume critique, computer classes, access to local job postings, workshops on related topics, and a resource room equipped with essential facilities. In the current fiscal year, Masshire Springfield Career Center has actively promoted career opportunities, serving 9,322 job seekers and 2,760 businesses through educational programs, career counseling, and recruiting services.
Official website here: www.masshirespringfield.org
Who is the CEO of Futureworks Inc?
Josephine Sarnelli is the Director of Futureworks Inc.
Official website here: www.masshirespringfield.org
What is the revenue of Futureworks Inc?
Futureworks Inc's revenue in 2023 was $3,082,363.
Official website here: www.masshirespringfield.org
Who are the executives of Futureworks Inc and what are their salaries?
The average compensation at Futureworks Inc during 2023 was $42,040. There are 45 employees and 9 volunteers at Futureworks Inc.
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- Compensation: $110,640
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- Other: $20,538
- Compensation: $93,700
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- Other: $19,704
Official website here: www.masshirespringfield.org
Where can I find the form 990 for Futureworks Inc?
Futureworks Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.masshirespringfield.org
Learn more at the official website: www.masshirespringfield.org
Mission Statement of Futureworks Inc
Futureworks Inc D/B/A Masshire Springfield Career Center serves as a one-stop career center, connecting businesses and job seekers through a network of employment professionals. Its mission is to create and sustain powerful connections between these two groups, acting as a facilitator in the process. By offering a wide range of workforce development services, Futureworks Inc D/B/A Masshire Springfield Career Center plays a pivotal role in bridging the gap between employers and job seekers.
For businesses, Futureworks Inc D/B/A Masshire Springfield Career Center provides labor market information, job postings, on-site direct recruitment, job expos, and computer skills classes. These services help businesses to effectively navigate the job market and find the right talent for their needs.
On the other hand, for job seekers, Futureworks Inc D/B/A Masshire Springfield Career Center offers career counseling, resume critique, computer classes, access to local job postings, workshops on related topics, and a resource room equipped with computers, copiers, fax machines, telephones, internet access, and staff assistance. This comprehensive suite of services empowers job seekers to enhance their employability and secure suitable employment opportunities.
In the current fiscal year, Futureworks Inc D/B/A Masshire Springfield Career Center has promoted career opportunities by providing educational programs, career counseling, and recruiting services to 9,322 job seekers and 2,760 businesses. This testifies to the organization's commitment to fostering meaningful connections between businesses and job seekers, thereby contributing to a stronger workforce and a more vibrant economy.
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Impact
July, 2024
Futureworks Inc D/B/A Masshire Springfield Career Center's impact can be seen in the powerful connections it creates and sustains between businesses and job seekers. Through its workforce development services, it provides essential support to employers and job seekers in Springfield, MA. In the past fiscal year, the center promoted career opportunities by serving a significant number of job seekers and businesses, showcasing its commitment to facilitating employment and economic growth in the region.
This information is meant to be a general summary of Futureworks 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 2023.
- Investment Income: $299
- Program Service Revenue: $80,978
- Gross Receipts: $3,082,363
Assets and Liabilities:
- Total Assets: $2,530,054
- Total Liabilities: $1,467,315
- Net Assets: $1,062,739
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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
$80,978
Organization Details
Founding Year
2002
Phone
(413) 858-2806Principal Officer
Josephine Sarnelli
Main Address
95 LIBERTY STREET 3RD FLOOR, SPRINGFIELD, MA, 01103
Website
www.masshirespringfield.orgNTEE Category
Code: J20 - Employment
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