Overview
What is Growth Sector Company?
Growth Sector Company is a nonprofit organization situated in San Francisco, California, with a primary focus on bridging the gap between community colleges and high-wage, high-growth job opportunities in computer science and engineering. They collaborate with thirty local colleges to implement the "STEM Core" education program, which prepares and supports remedial students. The organization's mission is to develop regional and statewide workforce initiatives, empowering disadvantaged youth and adults to secure employment in these high-demand fields. With a workforce of five dedicated individuals, Growth Sector Company plays an essential role in fostering career growth and economic development in the community.
Official website here: www.growthsector.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Growth Sector Company has received a two-star rating from Charity Navigator, which indicates that while it demonstrates strengths in certain areas, there are significant opportunities for improvement, particularly in accountability and transparency. The organization scores well in having an independent board and effectively managing its assets, showcasing a commitment to good governance practices.
However, the nonprofit has notable deficiencies in its whistleblower and document retention policies, each receiving a score of zero. This raises concerns about the organization's overall accountability and how it handles sensitive information, which could affect stakeholder trust and confidence.
Despite its strong program expense ratio indicating effective allocation of resources towards its mission, the weaknesses in governance policies suggest that potential donors should consider these factors when evaluating the organization's reliability and decision-making processes.
This AI summary has been generated from information found on Charity Navigator.
Is Growth Sector Company legitimate?
Growth Sector Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Growth Sector Company 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: $522,568
Professional Fundraising Fees: $0
Other Salaries and Wages: $314,833
For more financial information, click here
Official website here: www.growthsector.org
What is the mission statement of Growth Sector Company?
Growth Sector Company's mission is centered around establishing regional and statewide initiatives. The primary objective is to guide disadvantaged youth and adults towards high-wage, high-growth jobs. To achieve this, they collaborate with thirty community colleges across the county, implementing a program called "STEM Core" education. This bridge program is designed to support and prepare remedial students, ultimately leading them towards promising careers in computer science and engineering.
Official website here: www.growthsector.org
Who is the CEO of Growth Sector Company?
David Gruber is the Co-Director of Growth Sector Company.
Official website here: www.growthsector.org
What is the revenue of Growth Sector Company?
Growth Sector Company's revenue in 2022 was $3,304,738.
Official website here: www.growthsector.org
Who are the executives of Growth Sector Company and what are their salaries?
The average compensation at Growth Sector Company during 2022 was $167,480. There are 5 employees and 6 volunteers at Growth Sector Company.
Here are 9 key members and their salaries:
- Compensation: $225,000
- Related: $0
- Other: $33,900
- Compensation: $225,000
- Related: $0
- Other: $38,668
- Compensation: $124,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.growthsector.org
Where can I find the form 990 for Growth Sector Company?
Growth Sector Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.growthsector.org
Learn more at the official website: www.growthsector.org
Mission Statement of Growth Sector Company
Growth Sector Company, a nonprofit organization, is committed to leading disadvantaged youth and adults towards high-wage, high-growth jobs on a regional and statewide scale. Their mission is to establish meaningful workforce initiatives, serving as a bridge for these individuals, facilitating their transition into rewarding careers in fields such as computer science and engineering. To achieve this goal, Growth Sector collaborates with thirty community colleges across the county, implementing the "STEM Core" education program. This program is designed to prepare and support remedial students, guiding them on a pathway towards lucrative careers in the STEM field, ultimately empowering them to secure their future and contribute positively to their communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Growth Sector Company plays a transformative role in enhancing workforce development by focusing on high-demand sectors, primarily targeting disadvantaged youth and adults. By partnering with thirty community colleges throughout the region, it leverages the "STEM CORE" education initiative to create pathways into high-wage jobs in computer science and engineering.
This initiative not only equips students with the necessary skills to thrive in the job market but also addresses the skills gap prevalent in these industries. Through tailored support and resources provided to remedial students, Growth Sector Company effectively boosts their confidence and competence, ensuring they can pursue and obtain rewarding positions in high-growth fields.
The impact extends beyond individual students; it fosters economic growth within the community and the state. By creating a more skilled workforce ready to meet the demands of the job market, Growth Sector Company plays a crucial part in elevating the overall quality of life, reducing unemployment rates, and driving innovation in the region. Ultimately, it acts as a catalyst for change, advancing both economic opportunity and social equity.
This information is meant to be a general summary of Growth Sector Company. 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.
- Gross Receipts: $3,304,738
Assets and Liabilities:
- Total Assets: $3,308,709
- Total Liabilities: $86,584
- Net Assets: $3,222,125
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(415) 902-6951Principal Officer
David Gruber
Main Address
2625 POLK STREET 4, SAN FRANCISCO, CA, 94109
Website
www.growthsector.orgNTEE Category
Code: J20 - Employment
If you are a representative of Growth Sector Company and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.