Overview
What is Collegiate Consortium For Workforce And Economic Development?
The Collegiate Consortium for Workforce and Economic Development is a nonprofit organization situated in Media, Pennsylvania. Its primary mission is to facilitate the development and delivery of education and training programs for businesses and industries, contributing to economic growth. The consortium operates under the guidance of several member institutions, including community colleges and a university. Notable activities include skill training for shipbuilders at Aker Philadelphia Shipyard, Inc., expanding the UPS project to deliver on-site skill programs, and skill training for the U.S. Navy. With a modest workforce of two individuals, the consortium aims to empower businesses by providing them with the necessary workforce development programs.
Official website here: www.collegiateconsortium.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Collegiate Consortium for Workforce and Economic Development has achieved an impressive Four-Star rating from Charity Navigator, largely due to its strong performance in the Accountability & Finance category. The organization scored 96%, indicating a high level of financial health and transparency. This score is particularly significant as it reflects the charity's commitment to responsible financial management and governance.
Key strengths of the organization include a fully independent board, with all eight members meeting the criteria for independence. Additionally, the charity has established robust policies regarding conflicts of interest, whistleblower protections, and document retention, which are all essential for ensuring ethical operations and accountability. Furthermore, the organization maintains a strong program expense ratio of 93.59%, highlighting its focus on directing a significant portion of its funding towards mission-related activities.
While the data does not indicate any major areas of concern, it is important to note that the overall score is derived solely from the Accountability & Finance beacon. This could imply that other areas, such as Program Effectiveness, have not been evaluated in the same detail. Nonetheless, the strong financial practices and governance structures put in place suggest that the Collegiate Consortium for Workforce and Economic Development is a well-managed charity.
This AI summary has been generated from information found on Charity Navigator.
Is Collegiate Consortium For Workforce And Economic Development legitimate?
Collegiate Consortium For Workforce And Economic Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collegiate Consortium For Workforce And Economic Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $85,713
For more financial information, click here
Official website here: www.collegiateconsortium.org
What is the mission statement of Collegiate Consortium For Workforce And Economic Development?
The Collegiate Consortium for Workforce and Economic Development is committed to providing development and delivery of education and training programs for businesses, supporting economic development. This is accomplished under the guidance of and through collaboration with member colleges and a university. The consortium's activities include skill training for shipbuilders at Aker Philadelphia Shipyard, Inc., expanding the UPS project to deliver more on-site skill programs, and providing skill training for the U.S. Navy. The primary goal is to support businesses and industry, promoting economic growth through education and training.
Official website here: www.collegiateconsortium.org
Who is the CEO of Collegiate Consortium For Workforce And Economic Development?
Patricia Benson is the Chair of Collegiate Consortium For Workforce And Economic Development.
Official website here: www.collegiateconsortium.org
What is the revenue of Collegiate Consortium For Workforce And Economic Development?
Collegiate Consortium For Workforce And Economic Development's revenue in 2022 was $1,131,937.
Official website here: www.collegiateconsortium.org
Who are the executives of Collegiate Consortium For Workforce And Economic Development and what are their salaries?
The average compensation at Collegiate Consortium For Workforce And Economic Development during 2022 was $42,856. There are 2 employees and 7 volunteers at Collegiate Consortium For Workforce And Economic Development.
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Official website here: www.collegiateconsortium.org
Where can I find the form 990 for Collegiate Consortium For Workforce And Economic Development?
Collegiate Consortium For Workforce And Economic Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.collegiateconsortium.org
Learn more at the official website: www.collegiateconsortium.org
Mission Statement of Collegiate Consortium For Workforce And Economic Development
The Collegiate Consortium for Workforce and Economic Development is an organization with a mission to facilitate the development and delivery of education and training programs for businesses. Under its direction, and in collaboration with member colleges and a university, the consortium aims to support economic development. The consortium provides a range of educational and training programs tailored to the needs of businesses, contributing to their growth and development. Among its major activities, the consortium has provided skill training for shipbuilders at Aker Philadelphia Shipyard, Inc., expanded the UPS project to deliver more on-site skill programs, and offered skill training for the U.S. Navy. By providing these opportunities, the Collegiate Consortium for Workforce and Economic Development plays a vital role in supporting the workforce and fostering economic growth.
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Impact
October, 2024
Collegiate Consortium for Workforce and Economic Development significantly enhances workforce preparedness and economic growth in its region by delivering tailored education and training programs to businesses. Collaborating with community colleges and universities, the consortium addresses specific industry needs, ensuring a skilled workforce that meets evolving market demands.
Key initiatives, such as specialized skill training for shipbuilders at Aker Philadelphia Shipyard, demonstrate the consortium's commitment to aligning educational programs with local economic requirements. Additionally, the expansion of the UPS project to offer increased delivery of on-site skill programs exemplifies the proactive approach in fostering workforce readiness for large and dynamic employers.
By focusing on industries such as shipbuilding and supporting entities like the U.S. Navy, the consortium not only equips individuals with essential skills but also strengthens regional economic development through partnerships and targeted training efforts. This collaborative model serves as a vital resource for both businesses seeking a qualified workforce and individuals aiming to enhance their skills and employability.
This information is meant to be a general summary of Collegiate Consortium For Workforce And Economic Development. 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: $136
- Program Service Revenue: $759,381
- Gross Receipts: $1,131,937
Assets and Liabilities:
- Total Assets: $786,060
- Total Liabilities: $171,167
- Net Assets: $614,893
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$759,381
Organization Details
Founding Year
1999
Phone
(215) 218-3886Principal Officer
Patricia Benson
Main Address
901 SOUTH MEDIA LINE ROAD, MEDIA, PA, 19063
Website
www.collegiateconsortium.orgNTEE Category
Code: B40 - Education
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