Overview
What is Masshire Hampden County Workforce Board Inc?
Masshire Hampden County Workforce Board Inc is a nonprofit organization based in Springfield, Massachusetts, situated at 1441 Main Street, with a workforce of 23 employees. Their mission is to oversee and coordinate the growth and effective use of public and private investments in workforce development initiatives, aiming for quality job opportunities. The board plays a crucial role in creating strategic alliances with businesses, governments, and community organizations, providing access to education, training, and employment opportunities for various communities, including low-income adults and youth, disadvantaged minorities, newcomers, dislocated workers, incumbent workers, and their families. In the fiscal year ending June 30, 2023, they served 1,049 individuals, offering job search and placement assistance, intensive workforce preparation, and training services under the Workforce Innovation and Opportunity Act contract.
Official website here: www.masshirehcwb.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 93%, Four-Star out of Four Star rating.
Masshire Hampden County Workforce Board Inc has achieved an impressive score of 93%, highlighting its strong performance in accountability and finance. The organization's commitment to transparency is evident, with an entirely independent board and a robust set of policies in place, including conflict of interest and whistleblower policies. This level of oversight contributes to its strong reputation among donors and stakeholders.
The board's independence is particularly noteworthy, with 27 independent members, reflecting a dedication to governance and ethical management. Financial management is also a strong point, with high scores in areas such as the ratio of program expenses, indicating that a significant portion of its resources is directed towards its mission-driven activities. The organization has demonstrated sound financial practices, with no material diversion of assets reported.
While the financial ratios, such as the liabilities to assets ratio, indicate a healthy fiscal situation, there may be areas for ongoing improvement and monitoring. Overall, Masshire Hampden County Workforce Board Inc is recognized for its effective governance and responsible financial management, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Masshire Hampden County Workforce Board Inc legitimate?
Masshire Hampden County Workforce Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masshire Hampden County 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: $336,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,037,138
For more financial information, click here
Official website here: www.masshirehcwb.com
What is the mission statement of Masshire Hampden County Workforce Board Inc?
Masshire Hampden County Workforce Board Inc plays a crucial role in overseeing and coordinating workforce development initiatives. Their mission is geared towards effective use of public and private investments in workforce development, focusing on generating quality jobs. The board builds strategic partnerships with various entities such as businesses, government, and community organizations. Their primary goal is to provide access to education, training, and employment opportunities for all workers, particularly for disadvantaged groups like low-income adults, youth, minorities, dislocated workers, incumbent workers, and their families.
Official website here: www.masshirehcwb.com
Who is the CEO of Masshire Hampden County Workforce Board Inc?
David Cruise is the President & Ceo of Masshire Hampden County Workforce Board Inc. The CEO's salary of Masshire Hampden County Workforce Board Inc is $151,468 and their total compensation is $175,350.
Official website here: www.masshirehcwb.com
What is the revenue of Masshire Hampden County Workforce Board Inc?
Masshire Hampden County Workforce Board Inc's revenue in 2023 was $15,807,503.
Official website here: www.masshirehcwb.com
Who are the executives of Masshire Hampden County Workforce Board Inc and what are their salaries?
The average compensation at Masshire Hampden County Workforce Board Inc during 2023 was $59,740. There are 23 employees and 27 volunteers at Masshire Hampden County Workforce Board Inc.
Here are 33 key members and their salaries (Masshire Hampden County Workforce Board Inc's CEO's salary is $151,468 and their total compensation is $175,350):
- Compensation: $151,468
- Related: $0
- Other: $23,882
- Compensation: $123,433
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- Other: $31,378
- Compensation: $123,511
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- Other: $20,090
- Compensation: $120,677
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Official website here: www.masshirehcwb.com
Where can I find the form 990 for Masshire Hampden County Workforce Board Inc?
Masshire Hampden County Workforce Board Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.masshirehcwb.com
Learn more at the official website: www.masshirehcwb.com
Mission Statement of Masshire Hampden County Workforce Board Inc
Masshire Hampden County Workforce Board, Inc. is a leading organization in the coordination and supervision of workforce development initiatives. With a mission to plan, coordinate, and oversee the growth and productive use of public and private investments in workforce development projects, this board plays a pivotal role in creating strategic alliances with various stakeholders to provide access to education, training, and employment opportunities for a diverse range of workers.
Specifically, Masshire Hampden County Workforce Board, Inc. focuses on improving workforce development for low-income adults and youth, disadvantaged minorities, newcomers, dislocated workers, incumbent workers, and their families. By building partnerships among businesses, government, and community organizations, this nonprofit ensures that all workers have access to the resources they need to enhance their skills and secure quality jobs.
Throughout its mission, Masshire Hampden County Workforce Board, Inc. aims to create opportunities for individuals to better themselves and contribute to their communities. By championing collaborative efforts, Masshire Hampden County Workforce Board, Inc. has helped thousands of individuals to gain access to education, training, and employment opportunities, ultimately contributing to a stronger and more skilled workforce.
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Impact
October, 2024
Masshire Hampden County Workforce Board Inc has a significant impact on workforce development in the region. By coordinating and overseeing job search and placement assistance, as well as intensive preparation and training services, it helps equip eligible adults and dislocated workers with the necessary skills to secure quality employment.
In the fiscal year ending June 30, 2023, the organization provided valuable services to 1,049 individuals, directly addressing the needs of low-income adults and youth, both in-school and out-of-school. The Board plays a crucial role in fostering strategic partnerships with businesses, government agencies, and community organizations, which enhances access to education and training.
This collaborative approach not only supports disadvantaged minorities, newcomers, and dislocated workers but also contributes to the economic growth of the Springfield area by ensuring a skilled workforce. By aligning public and private investments with workforce initiatives, Masshire Hampden County Workforce Board Inc actively promotes job quality and stability, creating a lasting impact on individuals and the community as a whole.
This information is meant to be a general summary of Masshire Hampden County 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.
- Investment Income: $4,338
- Gross Receipts: $15,807,503
Assets and Liabilities:
- Total Assets: $3,429,463
- Total Liabilities: $1,864,979
- Net Assets: $1,564,484
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Organization Details
Founding Year
1983
Phone
(413) 787-1547Principal Officer
David Cruise
Main Address
1441 MAIN STREET, SPRINGFIELD, MA, 011031406
Website
www.masshirehcwb.comNTEE Category
Code: J20 - Employment
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