Overview
What is The Workplace Inc?
The Workplace Inc, located in Bridgeport, Connecticut, is a nonprofit organization dedicated to providing job training, placement, and counseling to economically disadvantaged individuals in the Bridgeport, Norwalk, Stamford, and Valley labor markets. With a workforce of 1538 employees, the organization has successfully served over 34,000 customers and currently collaborates with Local Workforce Investment Boards (WIBs) in Massachusetts, New York, Virginia, West Virginia, and Rhode Island. Through various grants and contracts, The Workplace Inc operates as the one-stop operator and service provider for these states. Their mission is to help dislocated workers gain the necessary skills and resources for employment, ultimately contributing to their economic self-sufficiency.
Official website here: www.workplace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Workplace Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization demonstrates a strong commitment to transparency, with a fully independent board and effective oversight mechanisms like an audit committee. The high program expense ratio of 90.41% reflects a significant portion of resources directed towards the organization's mission.
Despite its strengths, there are notable areas for improvement. The absence of a whistleblower policy and missing tax form on the nonprofit's website has impacted the overall score, specifically in accountability measures. Additionally, the liabilities to assets ratio is concerning, as it scored zero points, suggesting potential financial stability issues.
Overall, while The Workplace Inc shows strong governance and a focus on its programs, enhancing its financial policies and transparency could bolster its rating and public trust further.
This AI summary has been generated from information found on Charity Navigator.
Is The Workplace Inc legitimate?
The Workplace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Workplace 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: $557,028
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,933,112
For more financial information, click here
Official website here: www.workplace.org
What is the mission statement of The Workplace Inc?
The Workplace Inc is dedicated to assisting economically disadvantaged and dislocated individuals in securing employment. Their mission encompasses providing job training, placement, and counseling to help these individuals regain their footing in the workforce. The organization has seen significant success, serving over 34,000 customers and assigning individual training accounts to 223 adults. In addition to their primary labor market areas in Connecticut, they have expanded their reach to various states through contracts and grants from Local Workforce Investment Boards, currently serving Massachusetts, New York, Virginia, West Virginia, and Rhode Island.
Official website here: www.workplace.org
Who is the CEO of The Workplace Inc?
Joe Carbone is the Board Member of The Workplace Inc. The CEO's salary of The Workplace Inc is $326,231 and their total compensation is $355,420.
Official website here: www.workplace.org
What is the revenue of The Workplace Inc?
The Workplace Inc's revenue in 2022 was $31,767,204.
Official website here: www.workplace.org
Who are the executives of The Workplace Inc and what are their salaries?
The average compensation at The Workplace Inc during 2022 was $4,870. There are 1538 employees and 43 volunteers at The Workplace Inc.
Here are 50 key members and their salaries (The Workplace Inc's CEO's salary is $326,231 and their total compensation is $355,420):
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- Compensation: $109,871
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- Other: $44,320
Official website here: www.workplace.org
Where can I find the form 990 for The Workplace Inc?
The Workplace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.workplace.org
Learn more at the official website: www.workplace.org
Mission Statement of The Workplace Inc
The Workplace Inc, a renowned organization, is dedicated to providing job training, placement, and counseling for individuals who have been displaced or economically disadvantaged in the Bridgeport, Norwalk, Stamford, and Valley labor markets. With a mission to empower these individuals, the organization offers a range of services designed to help them regain employment and improve their livelihoods.
Through its adult job training programs, The Workplace Inc has served a total of 34,117 customers at its Southwestern CT Works job centers. Furthermore, 223 WIOA adult participants have been assigned individual training accounts, and the organization has secured American Job Centers contracts. The organization's reach extends beyond its local labor market, as it has been engaged by Workforce Investment Boards (WIB) in several other states to serve as their One-Stop Operator and Service Provider. Currently, The Workplace Inc is providing services to WIBs in Massachusetts, New York, Virginia, West Virginia, and Rhode Island through various grants and contracts.
By offering comprehensive employment services, The Workplace Inc plays a significant role in helping individuals overcome employment barriers and rejoin the workforce. Through its tailored training programs and personalized counseling, the organization equips its clients with the skills and knowledge they need to succeed in the job market. In this way, The Workplace Inc not only helps individuals improve their economic situation but also contributes to the overall health and vitality of local communities.
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Impact
October, 2024
The Workplace Inc significantly impacts the job market and economic landscape for dislocated and economically disadvantaged individuals in the Bridgeport, Norwalk, Stamford, and Valley areas. By providing tailored job training, placement, and counseling services, the organization has successfully served over 34,000 clients at the Southwestern CT Works Job Centers.
Their efforts include facilitating access to Individual Training Accounts for more than 200 participants through the Workforce Innovation and Opportunity Act (WIOA), enhancing the prospects for those seeking employment. Furthermore, The Workplace Inc has extended its expertise beyond Connecticut, collaborating with local workforce investment boards in Massachusetts, New York, Virginia, West Virginia, and Rhode Island. This expansion underscores its role as a vital resource in connecting individuals with job opportunities and equipping them with the necessary skills to thrive in today's job market.
Overall, The Workplace Inc plays a crucial role in enhancing employment prospects for vulnerable populations, ultimately contributing to the economic revitalization of the communities it serves.
This information is meant to be a general summary of The Workplace 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.
- Investment Income: $121
- Program Service Revenue: $2,047
- Gross Receipts: $31,767,204
Assets and Liabilities:
- Total Assets: $7,146,791
- Total Liabilities: $6,555,583
- Net Assets: $591,208
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$2,047
Organization Details
Founding Year
1983
Phone
(203) 610-8508Principal Officer
Joe Carbone
Main Address
1000 LAFAYETTE BOULEVARD SUITE 501, BRIDGEPORT, CT, 06604
Website
www.workplace.orgNTEE Category
Code: J300 - Employment
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