Overview
What is Hot Workforce Development Board Inc C/O Education Service Center Region 12?
Hot Workforce Development Board Inc CO Education Service Center Region 12 is a nonprofit organization located at 2101 W LOOP 340 in Waco, Texas, with the zip code 76712. Their primary mission is to enhance the skills and knowledge of the local labor force and assist employers in recruiting the most qualified candidates. They use federal and state grants to offer child care services to individuals in need. In summary, Hot Workforce Development Board Inc CO Education Service Center Region 12 is dedicated to improving workforce development in their community by providing essential services and grants to help individuals expand their abilities while supporting employers in finding suitably qualified applicants.
Official website here: www.hotworkforce.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Stars)
Hot Workforce Development Board Inc CO Education Service Center Region 12 received a favorable Three-Star rating primarily due to its strong performance in accountability and finance aspects. The organization boasts a fully independent board and has demonstrated robust financial oversight, with full marks in various governance-related categories such as conflict of interest policies and whistleblower protections. Additionally, they have achieved a perfect program expense ratio, indicating that all their expenditures are directed towards their mission-related activities.
Despite its strengths, the organization has a notable shortfall in its liabilities to assets ratio, which scored 0 out of 15 points. This could indicate potential concerns regarding financial stability or risk management that stakeholders may want to consider. However, the absence of material diversions of assets and well-maintained documentation practices reflect positively on their operational integrity.
Overall, while Hot Workforce Development Board Inc exhibits commendable governance and financial accountability, the lower score in the liabilities area suggests room for improvement in financial health. Stakeholders and potential donors might find it worthwhile to monitor the organization's financial ratios in future assessments to ensure continued sound management practices.
This AI summary has been generated from information found on Charity Navigator.
Is Hot Workforce Development Board Inc C/O Education Service Center Region 12 legitimate?
Hot Workforce Development Board Inc C/O Education Service Center Region 12 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hot Workforce Development Board Inc C/O Education Service Center Region 12 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: $138,485
Professional Fundraising Fees: $0
Other Salaries and Wages: $614,637
For more financial information, click here
Official website here: www.hotworkforce.com
What is the mission statement of Hot Workforce Development Board Inc C/O Education Service Center Region 12?
The Hot Workforce Development Board Inc CO Education Service Center Region 12 is dedicated to enhancing the skills and knowledge of the local workforce. By doing so, they aim to help employers secure the most qualified applicants for their positions. The organization plays a significant role in facilitating federal and state grants to support individuals with child care needs. Their commitment extends beyond individual development, as they also assist employers in expanding their talent pool. Through various programs and initiatives, they strive to bridge the gap between job seekers and employers, ultimately contributing to a skilled and productive workforce.
Official website here: www.hotworkforce.com
Who is the CEO of Hot Workforce Development Board Inc C/O Education Service Center Region 12?
Anthony Billings is the Director of Hot Workforce Development Board Inc C/O Education Service Center Region 12.
Official website here: www.hotworkforce.com
What is the revenue of Hot Workforce Development Board Inc C/O Education Service Center Region 12?
Hot Workforce Development Board Inc C/O Education Service Center Region 12's revenue in 2022 was $24,433,118.
Official website here: www.hotworkforce.com
Who are the executives of Hot Workforce Development Board Inc C/O Education Service Center Region 12 and what are their salaries?
There 133 volunteers at Hot Workforce Development Board Inc C/O Education Service Center Region 12.
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- Compensation: $138,485
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- Other: $17,567
Official website here: www.hotworkforce.com
Where can I find the form 990 for Hot Workforce Development Board Inc C/O Education Service Center Region 12?
Hot Workforce Development Board Inc C/O Education Service Center Region 12's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hotworkforce.com
Learn more at the official website: www.hotworkforce.com
Mission Statement of Hot Workforce Development Board Inc C/O Education Service Center Region 12
Hot Workforce Development Board Inc's CO Education Service Center Region 12 is dedicated to enhancing the skills and knowledge of the local workforce and helping employers secure the most qualified applicants. The organization takes a proactive approach to workforce development, aiming to bridge the gap between job seekers and potential employers.
In its mission, Hot Workforce Development Board Inc goes beyond just providing education to individuals. It is a commitment to improving the labor force and assisting businesses in obtaining the best candidates. The organization plays a crucial role in the community by administering federal and state grants to help individuals afford child care, allowing them to focus on their education and career growth.
Hot Workforce Development Board Inc's CO Education Service Center Region 12 serves as a vital link between the workforce and employers, facilitating a more efficient and effective hiring process. By focusing on the development of its local labor force, the organization contributes to the overall economic growth and stability of the community.
Additionally, Hot Workforce Development Board Inc's commitment extends beyond its immediate mission. It recognizes the importance of a skilled workforce in today's competitive job market and strives to provide the necessary resources and support for individuals to reach their full potential. The organization's initiatives empower individuals to advance in their careers and contribute positively to their communities.
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Impact
October, 2024
Hot Workforce Development Board Inc C/O Education Service Center Region 12 plays a vital role in enhancing the skills and knowledge of the labor force in Waco, Texas, while simultaneously supporting employers in finding the most qualified candidates. By focusing on workforce development, the organization ensures that individuals are better equipped for the job market, which contributes to community growth and economic stability.
One of the key areas of impact is the provision of child care services, which is supported by federal and state grants. This initiative allows individuals to pursue job training and employment opportunities without the barrier of child care responsibilities, thus broadening access to the workforce.
Overall, the commitment to improving the skills of the labor force not only benefits job seekers but also enriches local businesses by helping them secure a skilled workforce, ultimately leading to a more robust economy in the region.
This information is meant to be a general summary of Hot Workforce Development Board Inc C/O Education Service Center Region 12. 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: $760
- Program Service Revenue: $432,678
- Gross Receipts: $24,433,118
Assets and Liabilities:
- Total Assets: $3,585,494
- Total Liabilities: $3,246,733
- Net Assets: $338,761
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYMENT SERVICES
Revenue
$415,219
REIMBURSEMENT FROM SUBCONTRACTORS
Revenue
$17,459
Organization Details
Founding Year
2008
Phone
(254) 297-1178Principal Officer
Anthony Billings
Main Address
2101 W LOOP 340, WACO, TX, 76712
Website
www.hotworkforce.comNTEE Category
Code: J20 - Employment
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