Overview
What is Consortium For Worker Education Inc?
Consortium for Worker Education Inc, established in New York City, is a nonprofit organization with a mission to help individuals enhance and sustain their employment prospects. They achieve this goal by establishing, maintaining, and supporting technical training and literacy programs. Specifically, their efforts focus on providing education and retraining to dislocated workers. With a team of 211 dedicated professionals, they strive to make a significant impact on their beneficiaries' lives.
Official website here: www.cwe.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Consortium For Worker Education Inc has achieved a respectable Three-Star rating from Charity Navigator, with an overall score of 81%. This score reflects a strong emphasis on accountability and financial practices, indicating that the organization effectively manages its resources and maintains transparency in its operations.
One of the notable strengths of the organization is its governance structure, highlighted by the presence of a fully independent board comprising 13 members. Additionally, the organization has robust policies in place, including a conflict of interest policy and a whistleblower policy, which enhance its accountability framework. The fiscal responsibility is further underscored by a high program expense ratio of 81.20%, demonstrating a commitment to directing funds toward its mission rather than administrative costs.
While the rating is positive, there are no specific limitations mentioned in the available data. The organization appears to be well-managed, with all financial statements audited and appropriate oversight measures in place, contributing to its overall strong performance in accountability and finance.
This AI summary has been generated from information found on Charity Navigator.
Is Consortium For Worker Education Inc legitimate?
Consortium For Worker Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Consortium For Worker Education 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: $310,803
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,566,406
For more financial information, click here
Official website here: www.cwe.org
What is the mission statement of Consortium For Worker Education Inc?
The Consortium For Worker Education Inc is dedicated to providing education and re-training to individuals who have been displaced from their jobs. Their mission is to offer technical training and literacy programs to help individuals improve and maintain their employment opportunities. The organization's primary goal is to establish, maintain, and support these programs, enabling individuals to acquire new skills and knowledge to meet the demands of the job market. By offering these programs, the Consortium aims to contribute to the overall economic growth and stability of the community. Through its various initiatives, the organization provides a valuable service to individuals seeking to enhance their employability and advance their careers.
Official website here: www.cwe.org
Who is the CEO of Consortium For Worker Education Inc?
Joseph Mcdermott is the Chairman of Consortium For Worker Education Inc.
Official website here: www.cwe.org
What is the revenue of Consortium For Worker Education Inc?
Consortium For Worker Education Inc's revenue in 2022 was $30,292,102.
Official website here: www.cwe.org
Who are the executives of Consortium For Worker Education Inc and what are their salaries?
The average compensation at Consortium For Worker Education Inc during 2022 was $42,072. There are 211 employees at Consortium For Worker Education Inc.
Here are 19 key members and their salaries:
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- Compensation: $168,020
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Official website here: www.cwe.org
Where can I find the form 990 for Consortium For Worker Education Inc?
Consortium For Worker Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cwe.org
Learn more at the official website: www.cwe.org
Mission Statement of Consortium For Worker Education Inc
Consortium For Worker Education Inc, a nonprofit organization, aims to provide education and re-training to individuals facing dislocation from their jobs. Their mission is multifaceted, focusing on equipping individuals with technical skills and literacy programs to enhance their employment opportunities.
In fulfilling its purpose, the organization establishes, maintains, and supports technical training and literacy programs. By doing so, it enables individuals to acquire new skills and knowledge, making them more competitive in the workforce. The Consortium for Worker Education Inc's ultimate goal is to help individuals regain employment and improve their career prospects.
By providing these essential services, the Consortium for Worker Education Inc plays a crucial role in supporting the workforce and fostering a more skilled and adaptable labor market. The organization's commitment to education and re-training not only benefits the individuals themselves but also contributes to the larger economic community by strengthening the workforce and promoting economic growth.
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Impact
October, 2024
Consortium For Worker Education Inc has a significant impact on the workforce by providing essential education and re-training opportunities for dislocated workers. By establishing and supporting technical training and literacy programs, the organization empowers individuals to enhance their skills, which in turn improves their employment prospects. This focus on workforce development helps individuals adapt to changing job markets and equips them with the necessary tools to secure and maintain meaningful employment. Operating in New York, these programs not only contribute to individual growth but also support the overall economic stability of the community by fostering a more skilled workforce.
This information is meant to be a general summary of Consortium For Worker Education 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: $30,292,102
Assets and Liabilities:
- Total Assets: $24,251,989
- Total Liabilities: $21,158,318
- Net Assets: $3,093,671
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Organization Details
Founding Year
1989
Phone
(212) 647-1900Principal Officer
Joseph Mcdermott
Main Address
305 SEVENTH AVENUE 3RD FLOOR, NEW YORK, NY, 10001
Website
www.cwe.orgNTEE Category
Code: J200 - Employment
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