Overview
What is Talent First Inc?
Talent First Inc, based in Grand Rapids, Michigan, serves 13 counties in West Michigan. As a CEO alliance, their primary mission is to address complex talent challenges faced by local employers. They achieve this by leveraging data and expertise, identifying gaps, evaluating strategies, and advocating for solutions to attract, retain, and develop the necessary talent. Their aim is to foster a thriving region by ensuring the needs of both employers and individuals are met. In 2022, they convened stakeholders to develop insights and solutions for enhancing the region's talent attraction, retention, and development efforts. Talent First Inc's overall goal is to catalyze an aligned talent system from early childhood to career, ensuring West Michigan employers have the talent they need now and in the future.
Official website here: www.talentfirst.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
Talent First Inc holds a two-star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization excels in several areas, including having a majority independent board and high scores for its audit and oversight committee. Additionally, they demonstrate a strong program expense ratio, with nearly 78% of their expenses going directly towards programs, which is a positive sign of commitment to their mission.
However, there are significant concerns regarding their financial management, specifically indicated by a high liabilities to assets ratio of 95.49%, which poses a risk to sustainability. Furthermore, the absence of key governance policies, such as a whistleblower policy and document retention guidelines, raises questions about their operational transparency and accountability. The lack of availability of tax forms on their website is another area that could lead to improved compliance and trust.
Overall, while Talent First Inc has demonstrated some strengths in governance and program spending, the issues noted in their financial management and missing policies may warrant further scrutiny from potential donors and stakeholders looking for robust nonprofit practices.
This AI summary has been generated from information found on Charity Navigator.
Is Talent First Inc legitimate?
Talent First Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Talent First 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: $248,389
Professional Fundraising Fees: $0
Other Salaries and Wages: $236,105
For more financial information, click here
Official website here: www.talentfirst.net
What is the mission statement of Talent First Inc?
Talent First Inc's mission is to facilitate an aligned talent system, encompassing early childhood to career, ensuring employers have the necessary talent both in the present and future. The organization serves as a CEO alliance, tackling complex talent challenges through the utilization of data and expertise. Their aim is to identify gaps, evaluate strategies, and advocate for solutions to attract, retain, and develop the talent required by employers. Furthermore, Talent First Inc strives to ensure the well-being of all individuals and the region, enabling them to thrive. In 2022, they convened stakeholders to develop insights and solutions, enhancing the region's efforts in talent attraction, retention, and development.
Official website here: www.talentfirst.net
Who is the CEO of Talent First Inc?
Kevin Stotts is the Director of Talent First Inc.
Official website here: www.talentfirst.net
What is the revenue of Talent First Inc?
Talent First Inc's revenue in 2022 was $1,080,715.
Official website here: www.talentfirst.net
Who are the executives of Talent First Inc and what are their salaries?
The average compensation at Talent First Inc during 2022 was $80,749. There are 6 employees at Talent First Inc.
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- Compensation: $217,991
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- Other: $25,576
Official website here: www.talentfirst.net
Where can I find the form 990 for Talent First Inc?
Talent First Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.talentfirst.net
Learn more at the official website: www.talentfirst.net
Mission Statement of Talent First Inc
Talent First Inc, a CEO alliance, is committed to addressing the intricate talent challenges faced by employers in the present and future. Their mission is to catalyze an aligned talent system, encompassing early childhood and career stages. By relying on data and expertise, Talent First illuminates gaps, evaluates strategies, and advocates for solutions to attract, retain, and develop the talent required by West Michigan businesses. Their ultimate goal is to ensure that all individuals and the region can thrive, thereby enabling employers to have the necessary talent at their disposal. In 2022, Talent First convened stakeholders from various working groups to develop insights and solutions, aiming to enhance the region's talent attraction, retention, and development efforts.
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Impact
October, 2024
Talent First Inc significantly impacts the talent landscape in West Michigan by creating a cohesive and aligned talent system that spans from early childhood through to career development. By serving as a CEO alliance across 13 counties, it addresses the complex challenges facing employers in attracting, retaining, and developing the skilled workforce necessary for today's economy.
Utilizing data-driven insights and expert analysis, Talent First identifies gaps in the current talent pipeline, evaluates potential strategies, and advocates for innovative solutions tailored to the unique needs of the region. In 2022, the organization convened stakeholders from various sectors to collaboratively develop actionable insights that enhance talent attraction, retention, and overall development efforts.
The initiative not only benefits local employers by ensuring they have access to the talent they need now and in the future but also supports individuals in fostering their skills and career opportunities. This holistic approach contributes to the overall vitality and developmental trajectory of the community, ensuring that both the workforce and the region can thrive collectively.
This information is meant to be a general summary of Talent First 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 2022.
- Investment Income: $1,499
- Program Service Revenue: $40,259
- Gross Receipts: $1,082,010
Assets and Liabilities:
- Total Assets: $558,634
- Total Liabilities: $466,812
- Net Assets: $91,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM & EVENT REVENU
Revenue
$40,259
Organization Details
Founding Year
2009
Phone
(616) 871-2450Principal Officer
Kevin Stotts
Main Address
833 KENMOOR AVE SE STE B, GRAND RAPIDS, MI, 49546
Website
www.talentfirst.netNTEE Category
Code: S30 - Community improvement
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