Overview
What is River Valley Workforce Institute Inc?
River Valley Workforce Institute Inc, located in Lebanon, New Hampshire, is a nonprofit organization dedicated to fostering partnerships between businesses and academia. Their primary mission is to create employment opportunities in advanced manufacturing and healthcare sectors for unemployed and underemployed residents of New Hampshire. They achieve this through education and training programs, such as the CNC-STAR program, which is modeled after the USDOL Registered Apprenticeship Programs. This innovative program, which retains and mentors dislocated and unemployed individuals, has been recognized as a potential model for creating apprenticeship opportunities across the United States. The institute, with a team of just two employees, operates within a humble setting at 325 Mount Support Road Box 1.
Official website here: www.rvwi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
River Valley Workforce Institute Inc has received an impressive Four-Star rating, reflecting a strong commitment to accountability and finance. The charity's overall score is derived entirely from its performance in this area, showcasing effective management practices and transparency. The organization has demonstrated a robust financial health, underscored by a 0.00% liabilities to assets ratio and a program expense ratio of 85.80%, indicating that the majority of its funds are directed towards its core mission.
The governance of River Valley Workforce Institute is commendable, with a majority of its board members being independent, which enhances oversight and reduces potential conflicts of interest. The organization has implemented essential policies, including conflict of interest, whistleblower, and document retention, all of which are crucial for maintaining integrity and accountability. These factors contribute significantly to the organization's credibility and reliability in the nonprofit sector.
While the rating highlights numerous strengths, it is essential for potential supporters and stakeholders to remain informed about ongoing operations and potential future challenges that nonprofits may face. Continuous engagement with the organization’s updates and reports will provide insights into its evolving impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is River Valley Workforce Institute Inc legitimate?
River Valley Workforce Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. River Valley Workforce Institute 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: $135,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rvwi.org
What is the mission statement of River Valley Workforce Institute Inc?
River Valley Workforce Institute Inc's mission is centered around establishing strategic partnerships between businesses and educational institutions. Their primary objective is to create employment opportunities in advanced manufacturing and healthcare fields for individuals who are unemployed or underemployed. This is achieved through the implementation of education and training programs. A notable example of such a program is the CNC-STAR (CNC Machinist STAR Program), which is designed to retain and mentor dislocated and unemployed individuals for manufacturing careers. This program, inspired by USDOL Registered Apprenticeship Programs, has been recognized as a model that can be replicated across the United States. The institute's missions aim to empower individuals, contributing to the workforce and advancing various industries.
Official website here: www.rvwi.org
What is the revenue of River Valley Workforce Institute Inc?
River Valley Workforce Institute Inc's revenue in 2024 was -$5,595.
Official website here: www.rvwi.org
Who are the executives of River Valley Workforce Institute Inc and what are their salaries?
The average compensation at River Valley Workforce Institute Inc during 2024 was $135,000. There is 1 employee at River Valley Workforce Institute Inc.
Here are 5 key members and their salaries:
- Compensation: $135,000
- Related: $0
- Other: $14,832
- 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.rvwi.org
Where can I find the form 990 for River Valley Workforce Institute Inc?
River Valley Workforce Institute Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rvwi.org
Learn more at the official website: www.rvwi.org
Mission Statement of River Valley Workforce Institute Inc
River Valley Workforce Institute Inc is committed to establishing partnerships between businesses and academic institutions with the primary objective of creating employment opportunities in advanced manufacturing and healthcare fields for New Hampshire residents who are unemployed or underemployed. Through education and training programs, this nonprofit organization seeks to equip individuals with the necessary skills for these careers.
The CNC-STAR (CNC Machinist STAR Program) is one of River Valley Workforce Institute Inc's key initiatives. This program, which is modeled on USDOL Registered Apprenticeship Programs, aims to retain and mentor dislocated or unemployed individuals for available manufacturing careers. The STAR program offers college credits through various college partnerships, making it a recognized model for creating apprenticeship opportunities across the United States.
In summary, River Valley Workforce Institute Inc's mission is to bridge the gap between unemployed or underemployed New Hampshire residents and the advanced manufacturing and healthcare industries by establishing partnerships with businesses and academic institutions. They achieve this through education and training programs, such as the CNC-STAR program, which provides college credits and on-the-job training, thereby preparing individuals for successful careers in these fields.
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Impact
October, 2024
River Valley Workforce Institute Inc significantly impacts the New Hampshire community by fostering business and academic partnerships, primarily focused on creating employment opportunities in advanced manufacturing and healthcare fields for unemployed and underemployed residents. One of its key initiatives, the CNC-STAR (CNC Machinist STAR Program), exemplifies this impact by providing skills training through a structured apprenticeship model.
The STAR program targets dislocated and unemployed individuals, offering them mentoring and access to careers in manufacturing, a field with high demand for skilled workers. By integrating comprehensive training with academic credits through partnerships with local colleges, the program enhances the employability of participants, equipping them with the necessary skills to thrive in competitive job markets.
Recognized nationally as a successful model, the STAR program not only addresses immediate workforce needs but also serves as a template for developing apprenticeship opportunities across the country. This innovative approach to workforce development plays a crucial role in revitalizing local economies and supporting individuals in achieving sustainable employment, ultimately strengthening the community as a whole.
This information is meant to be a general summary of River Valley Workforce Institute 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 2024.
- Investment Income: $284
- Gross Receipts: $4,284
Assets and Liabilities:
- Total Assets: $561,551
- Total Liabilities: $0
- Net Assets: $561,551
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Organization Details
Founding Year
2009
Principal Officer
Gerald Ghazi
Website
www.rvwi.orgNTEE Category
Code: J20 - Employment
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