Overview
What is Capital Workforce Partners Inc?
Capital Workforce Partners Inc, a regional workforce investment board based in Hartford, Connecticut, serves 37 municipalities in North Central Connecticut. They operate primarily out of eight American Job Centers and one Job Funnel location. Their mission is to coordinate comprehensive programs for both job seekers and employers, with a focus on addressing current and future workforce demands through a data-driven Local Labor Market Information system. Capital Workforce Partners leverages public and private resources to produce skilled workers for a competitive regional economy. In fiscal year 2022, they served 14,403 individuals, offering various programs supported by federal, state, and philanthropic grants to help close the middle skills gap and place job seekers on career pathways. The organization has a team of 48 employees committed to this goal.
Official website here: www.capitalworkforcepartners.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Capital Workforce Partners Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance, with a score of 81%. This rating is primarily based on its strong governance practices and financial transparency, showcasing the organization's commitment to responsible management of resources.
The organization boasts a fully independent board with 100% of its members meeting the criteria for independence. It has demonstrated excellent oversight through its audit and financial management practices, contributing to a high program expense ratio of 93.06%. This suggests that the majority of its funds are directed towards its programs, reflecting a strong focus on mission-driven outcomes.
However, while the organization scores well in many areas, it received no points for its liabilities to assets ratio, indicating potential financial leverage concerns. Overall, Capital Workforce Partners Inc demonstrates a solid commitment to accountability and effective financial oversight, making it a trustworthy option for donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Capital Workforce Partners Inc legitimate?
Capital Workforce Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Workforce Partners 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: $195,584
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,015,384
For more financial information, click here
Official website here: www.capitalworkforcepartners.org
What is the mission statement of Capital Workforce Partners Inc?
Capital Workforce Partners Inc is a regional workforce investment board that serves 37 municipalities in Connecticut. Their mission is to leverage public and private resources to produce skilled workers for a competitive economy. They coordinate comprehensive programs for both job seekers and employers. The organization provides a range of services for adult job seekers, primarily delivered at seven American Job Centers and one Job Funnel location. They work closely with area employers and utilize a data-driven Local Labor Market Information system to ensure current and future workforce demands are being addressed. Programs run under the Federal Workforce Innovation and Opportunity Act, as well as federal USDOL/ETA grants and state and philanthropic supported activities, aim to close the middle skills gap in the region and help job seekers embark on a career pathway. In fiscal year 2022, over 14,000 individuals benefited from their services.
Official website here: www.capitalworkforcepartners.org
Who is the CEO of Capital Workforce Partners Inc?
Alex Johnson is the President/Ce of Capital Workforce Partners Inc.
Official website here: www.capitalworkforcepartners.org
What is the revenue of Capital Workforce Partners Inc?
Capital Workforce Partners Inc's revenue in 2022 was $22,563,228.
Official website here: www.capitalworkforcepartners.org
Who are the executives of Capital Workforce Partners Inc and what are their salaries?
The average compensation at Capital Workforce Partners Inc during 2022 was $66,895. There are 48 employees and 75 volunteers at Capital Workforce Partners Inc.
Here are 29 key members and their salaries:
- Compensation: $219,372
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- Other: $34,501
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- Other: $36,278
- Compensation: $133,375
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- Other: $35,337
- Compensation: $120,223
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- Other: $14,552
- Compensation: $106,006
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- Other: $14,629
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Official website here: www.capitalworkforcepartners.org
Where can I find the form 990 for Capital Workforce Partners Inc?
Capital Workforce Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.capitalworkforcepartners.org
Learn more at the official website: www.capitalworkforcepartners.org
Mission Statement of Capital Workforce Partners Inc
Capital Workforce Partners Inc, a Regional Workforce Investment Board, is dedicated to coordinating comprehensive programs for both job seekers and employers in North Central Connecticut. With a mission to leverage public and private resources, this organization produces a skilled workforce for a competitive regional economy.
Capital Workforce Partners' primary focus lies in delivering a wide range of services to adult job seekers. These services are primarily offered at seven American Job Centers and one Job Funnel location, ensuring accessibility to individuals in the North Central region of Connecticut, which covers 37 cities and towns. The organization closely collaborates with area employers and employs a data-driven Local Labor Market Information system to ensure current and future workforce demands are being addressed. Programs run under the Federal Workforce Innovation and Opportunity Act, as well as Federal USDOL/ETA grants and state and philanthropic supported activities, aim to close the middle skills gap in the region and place job seekers on a career pathway. In the fiscal year 2022, 14,403 individuals were served by Capital Workforce Partners.
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Impact
August, 2024
Capital Workforce Partners Inc makes a significant impact by providing a host of services for adult job seekers in the North Central region of Connecticut. By coordinating comprehensive programs and working closely with area employers, they ensure that current and future workforce demands are being met. They run programs supported by federal grants and other sources to close the middle skills gap in the region and put job seekers on a career pathway. In the fiscal year 2022, they served 14,403 individuals, helping them access opportunities for employment and career advancement.
This information is meant to be a general summary of Capital Workforce Partners 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.
- Gross Receipts: $22,563,228
Assets and Liabilities:
- Total Assets: $4,088,567
- Total Liabilities: $3,728,140
- Net Assets: $360,427
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Organization Details
Founding Year
1979
Phone
(860) 522-1111Principal Officer
Alex Johnson
Main Address
1 UNION PLACE 3RD FLOOR, HARTFORD, CT, 06103
NTEE Category
Code: J200 - Employment
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