Overview
What is Eastern Connecticut Workforce Investment Board Inc?
The Eastern Connecticut Workforce Investment Board (EWIB) is a non-profit organization mandated by the Federal Workforce Innovation and Opportunity Act of 2014. Its mission is to create a cohesive network of workforce services, catering to employers, employees, job seekers, and youth. EWIB collaborates with relevant state entities and local councils of government within the Eastern Connecticut Workforce Investment Area. They employ innovative concepts and approaches, focusing on performance-based outcomes, and effectively utilize various funding sources. EWIB operates four regional CTworks-East One-Stop Career Centers in Danielson, New London, Norwich, and Willimantic.
Official website here: www.ewib.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star rating
The Eastern Connecticut Workforce Investment Board Inc has received an 85% score, reflecting a solid Three-Star rating. This rating is based solely on its Accountability & Finance, indicating a strong performance in financial management and governance. The organization boasts a fully independent board and has successfully maintained transparency in its financial statements, demonstrating a commitment to responsible stewardship of resources.
Strengths include a high program expense ratio of 94.60%, which suggests that a significant portion of its budget is allocated directly to programs rather than administrative costs. Additionally, the board's structure, with 100% independent members, supports a strong governance framework that enhances accountability. The presence of comprehensive conflict of interest and document retention policies further underscores its commitment to ethical practices.
However, there are limitations, such as the absence of a whistleblower policy, which may raise concerns about transparency and the protection of reporting individuals within the organization. Additionally, while the liabilities to assets ratio is reasonable, it could benefit from closer monitoring to ensure long-term financial health. Overall, the organization demonstrates many strengths but has areas for improvement in its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Eastern Connecticut Workforce Investment Board Inc legitimate?
Eastern Connecticut Workforce Investment Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Connecticut Workforce Investment 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: $646,594
Professional Fundraising Fees: $0
Other Salaries and Wages: $560,904
For more financial information, click here
Official website here: www.ewib.org
What is the mission statement of Eastern Connecticut Workforce Investment Board Inc?
The Eastern Connecticut Workforce Investment Board Inc is dedicated to creating a cohesive workforce services system. This system aims to cater effectively to the requirements of employers, employees, job seekers, and youth. The corporation collaborates with relevant state units and local councils of government within the Eastern CT Workforce Investment Area. It employs contemporary concepts and methods, advocating for performance-driven outcomes. Furthermore, the organization maximizes and combines various funding sources to ensure efficient service delivery. The Eastern Connecticut Workforce Investment Board Inc operates four regional CTworks-East One-Stop Career Centers in Danielson, New London, Norwich, and Willimantic.
Official website here: www.ewib.org
Who is the CEO of Eastern Connecticut Workforce Investment Board Inc?
Michael Phelps is the Treasurer of Eastern Connecticut Workforce Investment Board Inc. The CEO's salary of Eastern Connecticut Workforce Investment Board Inc is $95,461 and their total compensation is $113,982.
Official website here: www.ewib.org
What is the revenue of Eastern Connecticut Workforce Investment Board Inc?
Eastern Connecticut Workforce Investment Board Inc's revenue in 2023 was $14,145,000.
Official website here: www.ewib.org
Who are the executives of Eastern Connecticut Workforce Investment Board Inc and what are their salaries?
The average compensation at Eastern Connecticut Workforce Investment Board Inc during 2023 was $92,884. There are 13 employees at Eastern Connecticut Workforce Investment Board Inc.
Here are 25 key members and their salaries (Eastern Connecticut Workforce Investment Board Inc's CEO's salary is $95,461 and their total compensation is $113,982):
- Compensation: $151,480
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- Other: $42,381
- Compensation: $140,963
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- Other: $44,816
- Compensation: $127,058
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- Other: $25,914
- Compensation: $95,461
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- Other: $18,521
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Official website here: www.ewib.org
Where can I find the form 990 for Eastern Connecticut Workforce Investment Board Inc?
Eastern Connecticut Workforce Investment Board Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ewib.org
Learn more at the official website: www.ewib.org
Mission Statement of Eastern Connecticut Workforce Investment Board Inc
Eastern Connecticut Workforce Investment Board Inc is dedicated to establishing and overseeing a comprehensive system of workforce services. This nonprofit organization creatively meets the needs of employers, employees, job seekers, and youth by utilizing state-of-the-art concepts and approaches. Partnerships with appropriate operating units of the State of Connecticut and the two councils of government within the Eastern Connecticut Workforce Investment Area are also essential to their mission.
Their primary objective is to provide a seamless workforce service system that caters to the diverse requirements of various stakeholders. They promote performance-based outcomes and maximize the utilization of multiple funding sources. Eastern Connecticut Workforce Investment Board Inc operates four regional CTworks-East One-Stop Career Centers located in Danielson, New London, Norwich, and Willimantic. These career centers play a vital role in bringing together employers, job seekers, and various resources under one roof.
To summarize, Eastern Connecticut Workforce Investment Board Inc is a mission-driven organization that strives to create a comprehensive workforce service system that caters to the needs of employers and employees alike. By utilizing innovative approaches, fostering partnerships, and maximizing resources, they aim to make a significant impact on the workforce landscape in their region. Their commitment to performance-based outcomes and the establishment of multiple regional career centers highlights their dedication to building a strong and adaptable workforce.
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Impact
October, 2024
The Eastern Connecticut Workforce Investment Board Inc. plays a critical role in enhancing the regional economy by establishing a comprehensive system of workforce services that address the needs of employers, employees, job seekers, and youth. Through collaboration with state entities and local councils, it ensures a seamless integration of workforce services that promotes accessibility and effectiveness.
By leveraging state-of-the-art concepts and innovative approaches, the board maximizes available funding to create impactful programs and resources. The presence of four regional CTworks-East One-Stop Career Centers in Danielson, New London, Norwich, and Willimantic allows for easy access to employment services, fostering a supportive environment for job seekers to connect with potential employers.
The board's commitment to performance-based outcomes ensures that the initiatives it supports are continuously evaluated and refined to meet the changing workforce landscape in Eastern Connecticut. This focus translates to higher employment rates, better job matching, and satisfying support for businesses looking to thrive in a competitive market, ultimately strengthening the local economy and community.
This information is meant to be a general summary of Eastern Connecticut Workforce Investment 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: $13,183
- Gross Receipts: $14,274,276
Assets and Liabilities:
- Total Assets: $1,987,104
- Total Liabilities: $1,166,041
- Net Assets: $821,063
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Organization Details
Founding Year
1984
Phone
(860) 859-4100Principal Officer
Michael Phelps
Main Address
108 NEW PARK AVENUE, FRANKLIN, CT, 06254
Website
www.ewib.orgNTEE Category
Code: J20 - Employment
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