Overview
What is New Workforce Directions Inc?
New Workforce Directions Inc, headquartered in Tulsa, Oklahoma, is a dedicated nonprofit organization. Their primary mission is to empower underserved residents in the area by offering no-cost education, employment, and advancement opportunities. This is accomplished through various workforce development programs, such as Tulsa Community WorkAdvance, which combines technical training, placement services, and career coaching to help individuals rise out of poverty while meeting the needs of businesses in high-demand sectors. In response to the diverse workforce needs in Tulsa, New Workforce Directions has developed and launched several programs to serve targeted populations, including young adults, public housing residents, and individuals affected by COVID-19. Their initiatives have shown significant success, with over 1200 individuals benefiting from career readiness training, job placement, and advancement services in 2022, and over 220 securing new jobs, resulting in an average income increase of 25%. As the economy and workforce continue to evolve, New Workforce Directions remains committed to preparing individuals for the jobs of the future and technology-based careers.
Official website here: www.madisonstrategies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
New Workforce Directions Inc has achieved an impressive Four-Star rating from Charity Navigator, signifying high accountability and financial health. The organization scored a total of 97%, with its rating entirely based on the Accountability & Finance beacon, reflecting its commitment to transparency and responsible fiscal management.
Key strengths include a completely independent board, robust financial oversight practices, and a strong program expense ratio of 93.40%. The organization demonstrates effective governance through the presence of a whistleblower policy, conflict of interest policy, and thorough documentation of board meeting minutes. Additionally, their fundraising efficiency is notably high, with only $0.01 spent to raise each dollar.
While the organization showcases excellent financial practices, it is essential for potential donors to consider how these scores translate into programmatic impact. New Workforce Directions Inc's commitment to strong financial management is commendable, but ongoing evaluation of their service delivery and community outcomes will be crucial for assessing their overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is New Workforce Directions Inc legitimate?
New Workforce Directions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Workforce Directions 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: $164,447
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,241,821
For more financial information, click here
Official website here: www.madisonstrategies.org
What is the mission statement of New Workforce Directions Inc?
New Workforce Directions Inc, as stated in its mission, is dedicated to enhancing and strengthening the job skills of individuals seeking employment. By investing in innovative solutions and forming partnerships, the organization aims to equip these job seekers with the ability to meet the demands of potential employers. This empowerment not only benefits the individuals but also helps the business partners and the broader community. The mission of New Workforce Directions Inc is to provide hope and opportunities for improvement, fostering a positive impact on all involved parties.
Official website here: www.madisonstrategies.org
Who is the CEO of New Workforce Directions Inc?
Karen Pennington is the Executive Director of New Workforce Directions Inc.
Official website here: www.madisonstrategies.org
What is the revenue of New Workforce Directions Inc?
New Workforce Directions Inc's revenue in 2022 was $3,807,256.
Official website here: www.madisonstrategies.org
Who are the executives of New Workforce Directions Inc and what are their salaries?
The average compensation at New Workforce Directions Inc during 2022 was $36,058. There are 39 employees and 12 volunteers at New Workforce Directions Inc.
Here are 13 key members and their salaries:
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Official website here: www.madisonstrategies.org
Where can I find the form 990 for New Workforce Directions Inc?
New Workforce Directions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.madisonstrategies.org
Learn more at the official website: www.madisonstrategies.org
Mission Statement of New Workforce Directions Inc
New Workforce Directions Inc, as stated in its mission, is dedicated to enhancing and fortifying the job skills of individuals seeking employment. The organization's primary goal is to empower these job seekers, enabling them to effectively meet the requirements of their potential employers. By investing in innovative solutions and fostering collaborative partnerships, New Workforce Directions Inc provides a sense of hope not only for the individuals they serve but also for their business partners and the larger community. The mission of New Workforce Directions Inc is to contribute to a strengthened workforce, ensuring that individuals possess the necessary skills to excel in their professional endeavors.
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Impact
October, 2024
New Workforce Directions Inc. plays a transformative role in enhancing job skills and economic mobility within the Tulsa community. By offering no-cost education and employment opportunities, the organization effectively addresses the needs of underserved residents, alleviating poverty and promoting financial security.
Through innovative programs like the Tulsa Community WorkAdvance, New Workforce Directions delivers a unique, dual-customer workforce model that combines customized technical training, career advising, and soft skills development. This approach equips low-income individuals with the tools necessary to secure quality jobs while simultaneously meeting the workforce demands of local businesses in high-demand sectors.
In 2022 alone, over 1,200 individuals benefited from their career readiness training, job placement, and advancement services. Notably, more than 220 participants obtained new jobs, earning an average of 25% more in income after completing the program. Initiatives targeting vulnerable populations, such as young adults, public housing residents, and those affected by COVID-19, showcase the organization's commitment to inclusivity and support for diverse demographic groups.
As the economy evolves, New Workforce Directions remains dedicated to preparing its community for future job markets, particularly in technology-driven fields, ensuring that both job seekers and businesses thrive in a rapidly changing workforce landscape.
This information is meant to be a general summary of New Workforce Directions 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.
- Program Service Revenue: $33,035
- Gross Receipts: $3,807,256
Assets and Liabilities:
- Total Assets: $5,115,810
- Total Liabilities: $609,126
- Net Assets: $4,506,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING
Revenue
$33,035
Organization Details
Founding Year
2011
Phone
(918) 442-2204Principal Officer
Karen Pennington
Main Address
907 S DETROIT AVENUE 210, TULSA, OK, 741204319
Website
www.madisonstrategies.orgNTEE Category
Code: J20 - Employment
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