Overview
What is Grow Southwest Indiana Workforce Board Inc?
Grow Southwest Indiana Workforce Board Inc is a nonprofit organization situated in Evansville, Indiana, with an address at 4600 Washington Avenue 113. Their primary mission is to serve and support various youth, jobless, and disadvantaged individuals residing in Southwest Indiana. They accomplish this by offering diverse job training programs, job advancement initiatives, and placement assistance. The organization also plays a crucial role in guiding and reviewing activities under the WIOA Act, aiming to establish a unified system that integrates all public workforce development resources for the benefit of the local counties and regional economy, ultimately fostering economic growth. With a team of 8 dedicated employees, Grow Southwest Indiana Workforce Board Inc is committed to empowering its community members through employment opportunities.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 73% (Two-Star out of Four Star rating)
Grow Southwest Indiana Workforce Board Inc has received a Two-Star rating from Charity Navigator, reflecting its overall score derived solely from Accountability & Finance metrics. The organization excels in areas related to governance, with a fully independent board and robust oversight mechanisms in place, earning high marks for its financial statement management and conflict of interest policies.
However, despite its strong accountability ratings, the nonprofit faces significant challenges in financial stability. The fundraising efficiency is notably low, with a ratio that indicates it spends considerably more on fundraising relative to the funds raised. Additionally, the organization shows a concerning working capital ratio and a high percentage of liabilities to assets, which may pose risks to its long-term sustainability.
In summary, while Grow Southwest Indiana Workforce Board Inc demonstrates commendable governance and financial oversight, its financial health indicators raise concerns. Stakeholders and potential donors should consider these factors when evaluating the organization's overall effectiveness and operational viability.
This AI summary has been generated from information found on Charity Navigator.
Is Grow Southwest Indiana Workforce Board Inc legitimate?
Grow Southwest Indiana Workforce Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grow Southwest Indiana Workforce Board 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: $70,471
Professional Fundraising Fees: $0
Other Salaries and Wages: $372,265
For more financial information, click here
What is the mission statement of Grow Southwest Indiana Workforce Board Inc?
Grow Southwest Indiana Workforce Board Inc's mission is to offer guidance and oversee activities under the WIOA Act, aiming to establish a unified system that leverages all public workforce development resources. This system is designed to benefit the local counties and boost the regional economy. The organization provides various job services to youth, unemployed, and disadvantaged individuals in Southwest Indiana. These services encompass a range of job training and development programs, job advancement initiatives, and job placement assistance.
What is the revenue of Grow Southwest Indiana Workforce Board Inc?
Grow Southwest Indiana Workforce Board Inc's revenue in 2023 was $4,811,080.
Who are the executives of Grow Southwest Indiana Workforce Board Inc and what are their salaries?
The average compensation at Grow Southwest Indiana Workforce Board Inc during 2023 was $55,342. There are 8 employees and 26 volunteers at Grow Southwest Indiana Workforce Board Inc.
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Where can I find the form 990 for Grow Southwest Indiana Workforce Board Inc?
Grow Southwest Indiana Workforce Board Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Grow Southwest Indiana Workforce Board Inc
Grow Southwest Workforce Board Inc plays a crucial role in guiding and overseeing activities under the Workforce Innovation and Opportunity Act (WIOA). Their mission is to create a unified system that integrates all public workforce development resources, benefiting the local counties and regional economy. By providing guidance, reviewing, monitoring, and evaluating these activities, Grow Southwest Workforce Board Inc aims to streamline and optimize the use of public workforce development resources. This systemic approach aims to serve various youth, out-of-work, and disadvantaged individuals in Southwest Indiana, offering job services, job training and development programs, job advancement opportunities, and job placement assistance.
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Impact
October, 2024
Grow Southwest Indiana Workforce Board Inc significantly enhances the regional economy by providing essential job services tailored to youth, out-of-work individuals, and disadvantaged populations in Southwest Indiana. By offering various forms of job training, development opportunities, job advancement programs, and placement assistance, the organization equips individuals with the skills needed to secure employment.
The board plays a crucial role in integrating public workforce development resources under the Workforce Innovation and Opportunity Act (WIOA), ensuring that the counties in the region benefit from a coordinated approach to workforce issues. This strategic focus not only alleviates unemployment but also promotes community improvement by fostering a more skilled and capable workforce, ultimately contributing to the overall economic vitality of the area.
This information is meant to be a general summary of Grow Southwest Indiana Workforce Board 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.
- Gross Receipts: $4,811,080
Assets and Liabilities:
- Total Assets: $1,293,324
- Total Liabilities: $772,005
- Net Assets: $521,319
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Organization Details
Founding Year
2006
Principal Officer
Sara Worstell
NTEE Category
Code: S30 - Community improvement
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