Overview
What is Hampton Roads Workforce Foundation?
Hampton Roads Workforce Foundation is a nonprofit organization situated in Norfolk, Virginia, at 999 Wateride Drive. Its primary mission is to boost and expand workforce development initiatives, with a particular focus on supporting youth and veterans in the region. The foundation accomplishes this by disbursing restricted contributions to programs operated by the Hampton Roads Workforce Council, a local government entity. The foundation's activities contribute to enhancing the skills and employment opportunities of individuals in the area, thereby fostering a more robust and diverse workforce.
Official website here: www.hrworkforcefoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
The Hampton Roads Workforce Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance metrics. With a score of 92%, the organization demonstrates a commitment to transparency and responsible financial management, evidenced by its high marks in various criteria, including a fully independent board and a solid program expense ratio of nearly 90%.
One of the standout features of the foundation is its governance structure, which boasts a majority of independent board members. This independence is crucial for ensuring unbiased decision-making and effective oversight. Additionally, the organization follows robust policies for financial audits, conflicts of interest, and document retention, contributing to its overall positive evaluation.
However, the evaluation highlighted a minor limitation: the absence of a whistleblower policy, which is an important tool for safeguarding accountability within organizations. Despite this, the foundation's financial health is solid, with a low liabilities-to-assets ratio, indicating a strong position to continue its mission effectively. Overall, the Hampton Roads Workforce Foundation showcases a responsible approach to nonprofit management and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Hampton Roads Workforce Foundation legitimate?
Hampton Roads Workforce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hampton Roads Workforce Foundation 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:
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Professional Fundraising Fees: $84,000
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Official website here: www.hrworkforcefoundation.org
What is the mission statement of Hampton Roads Workforce Foundation?
The Hampton Roads Workforce Foundation's mission is centered around enhancing and expanding workforce development opportunities, with a particular focus on supporting youth and veterans. This organization strives to contribute to the broader goal of improving workforce development in the area. Their activities primarily involve collaborating with the Hampton Roads Workforce Council, a local government entity, to operate programs funded by restricted contributions. The foundation's efforts aim to equip individuals with the necessary skills and resources to succeed in their professional lives.
Official website here: www.hrworkforcefoundation.org
Who is the CEO of Hampton Roads Workforce Foundation?
Delceno Miles is the Chairperson of Hampton Roads Workforce Foundation.
Official website here: www.hrworkforcefoundation.org
What is the revenue of Hampton Roads Workforce Foundation?
Hampton Roads Workforce Foundation's revenue in 2022 was $1,519,079.
Official website here: www.hrworkforcefoundation.org
Who are the executives of Hampton Roads Workforce Foundation and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.hrworkforcefoundation.org
Where can I find the form 990 for Hampton Roads Workforce Foundation?
Hampton Roads Workforce Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hrworkforcefoundation.org
Learn more at the official website: www.hrworkforcefoundation.org
Mission Statement of Hampton Roads Workforce Foundation
Hampton Roads Workforce Foundation, a notable organization, is dedicated to enhancing and expanding workforce development in the area, with a significant focus on supporting youth and veterans. Their mission is centered around fostering a robust workforce by investing in educational programs and resources that cater to these specific groups. By doing so, they aim to contribute to the overall economic development and prosperity of the community. The Foundation's activities are primarily funded by restricted contributions, which are disbursed for programs operated by the supported entity, Hampton Roads Workforce Council, a local government entity.
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Impact
October, 2024
Hampton Roads Workforce Foundation significantly enhances and expands workforce development in the Norfolk area, with a particular focus on supporting youth and veterans. Through targeted programs, the foundation invests in skills training and career development initiatives that address local economic needs. By disbursing restricted contributions for these programs, it facilitates meaningful employment opportunities and helps participants build pathways to sustainable careers. The foundation’s collaborative efforts with the Hampton Roads Workforce Council further strengthen the region’s workforce ecosystem, driving economic growth and community resilience.
This information is meant to be a general summary of Hampton Roads Workforce Foundation. 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.
- Investment Income: $55
- Gross Receipts: $1,519,079
Assets and Liabilities:
- Total Assets: $965,149
- Total Liabilities: $789,413
- Net Assets: $175,736
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Organization Details
Founding Year
2005
Phone
(757) 314-2370Principal Officer
Delceno Miles
Main Address
999 WATERIDE DRIVE, NORFOLK, VA, 23510
NTEE Category
Code: J19 - Employment
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