Overview
What is Buffalo & Erie County Workforce Development Consortium Inc?
Buffalo & Erie County Workforce Development Consortium Inc, situated at 726 Exchange St 630, Buffalo, NY 14210, is a nonprofit organization dedicated to fostering employment opportunities and training activities. Utilizing funds from the Workforce Innovation and Opportunities Act (WIOA), this consortium promotes various job-related activities through federal, state, and local grants. Their mission encompasses assisting adults, youth, and displaced workers, providing essential services to enhance their employability and career prospects. With a team of 46 individuals, Buffalo & Erie County Workforce Development Consortium, Inc. is committed to empowering the local community by facilitating their access to employment opportunities.
Official website here: www.workforcebuffalo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating from Charity Navigator.
The Buffalo & Erie County Workforce Development Consortium Inc has received an overall score of 81%, indicating a solid performance in the area of Accountability & Finance. This score reflects the organization's commitment to transparency and responsible financial management, with a particularly impressive program expense ratio of 88.27%, showcasing that a large portion of their funds is directed toward their mission-related activities.
Strengths of the organization include a fully independent board of directors and comprehensive financial oversight, which contributes to its high marks in governance and accountability. The presence of robust policies addressing conflict of interest and whistleblowing further enhances the organization's credibility and ethical standards.
However, the organization did receive a lower score in the liabilities to assets ratio, which was marked at 89.46%. This suggests that while they are managing their resources effectively, there may be concerns regarding financial leverage that could impact long-term stability. Overall, the nonprofit demonstrates strong governance practices but may need to focus on improving its financial ratios for a more balanced assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Buffalo & Erie County Workforce Development Consortium Inc legitimate?
Buffalo & Erie County Workforce Development Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buffalo & Erie County Workforce Development Consortium 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: $263,235
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,931,715
For more financial information, click here
Official website here: www.workforcebuffalo.org
What is the mission statement of Buffalo & Erie County Workforce Development Consortium Inc?
The Buffalo & Erie County Workforce Development Consortium Inc, often referred to as WDC, is an organization dedicated to promoting training and employment activities. It achieves this goal by leveraging funds from various federal, state, and local grants. The consortium's primary objective is to offer services to adults, youth, and dislocated workers through the Workforce Innovation and Opportunities Act (WIOA). The WDC aims to foster a skilled workforce and facilitate employment opportunities for its constituents.
Official website here: www.workforcebuffalo.org
Who is the CEO of Buffalo & Erie County Workforce Development Consortium Inc?
Lavon Stephens is the Chair of Buffalo & Erie County Workforce Development Consortium Inc.
Official website here: www.workforcebuffalo.org
What is the revenue of Buffalo & Erie County Workforce Development Consortium Inc?
Buffalo & Erie County Workforce Development Consortium Inc's revenue in 2022 was $11,546,333.
Official website here: www.workforcebuffalo.org
Who are the executives of Buffalo & Erie County Workforce Development Consortium Inc and what are their salaries?
The average compensation at Buffalo & Erie County Workforce Development Consortium Inc during 2022 was $69,455. There are 46 employees and 4 volunteers at Buffalo & Erie County Workforce Development Consortium Inc.
Here are 7 key members and their salaries:
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- Compensation: $92,445
- Related: $0
- Other: $12,170
- Compensation: $92,122
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- Other: $22,286
- Compensation: $71,292
- Related: $0
- Other: $20,263
Official website here: www.workforcebuffalo.org
Where can I find the form 990 for Buffalo & Erie County Workforce Development Consortium Inc?
Buffalo & Erie County Workforce Development Consortium Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.workforcebuffalo.org
Learn more at the official website: www.workforcebuffalo.org
Mission Statement of Buffalo & Erie County Workforce Development Consortium Inc
Buffalo & Erie County Workforce Development Consortium Inc, abbreviated as WDC, is an organization committed to promoting training and employment activities. This is achieved through leveraging resources from various federal, state, and local grants. The mission of WDC is to serve as a catalyst for individuals seeking employment or looking to enhance their skills, catering to adults, youth, and dislocated workers. By utilizing funds provided through the Workforce Innovation and Opportunities Act (WIOA), WDC offers a range of services designed to facilitate career growth and job placements.
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Impact
October, 2024
Buffalo & Erie County Workforce Development Consortium Inc. significantly impacts the local community by promoting training and employment opportunities for a diverse range of individuals, including adults, youth, and dislocated workers. Through various federal, state, and local grants, including those provided under the Workforce Innovation and Opportunities Act (WIOA), the organization enhances workforce readiness and facilitates access to essential resources.
The Consortium's initiatives not only equip individuals with the necessary skills and training to secure meaningful employment, but they also contribute to the overall economic growth of the Buffalo area. By addressing the needs of job seekers and aligning them with local employment opportunities, the Consortium plays a crucial role in reducing unemployment rates and fostering a more skilled workforce.
Furthermore, by focusing on a broad spectrum of participants, including vulnerable and underserved populations, the Consortium promotes inclusivity within the job market. This holistic approach not only benefits individuals seeking jobs but also strengthens the local economy, leading to greater community resilience and prosperity.
This information is meant to be a general summary of Buffalo & Erie County Workforce Development Consortium 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: $11,546,333
Assets and Liabilities:
- Total Assets: $1,944,049
- Total Liabilities: $1,414,282
- Net Assets: $529,767
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Organization Details
Founding Year
2000
Phone
(716) 819-9845Principal Officer
Lavon Stephens
Main Address
726 EXCHANGE ST 630, BUFFALO, NY, 14210
Website
www.workforcebuffalo.orgNTEE Category
Code: J20 - Employment
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