Overview
What is The Skillsource Group Inc?
The Skillsource Group Inc, located in Vienna, Virginia, is a nonprofit organization dedicated to promoting employment opportunities. They offer free employment and training services under the Workforce Innovation and Opportunity Act (WIOA) for eligible individuals, such as adults, low-income adults, low-skilled workers, dislocated workers, and low-income youth facing employment barriers. In fiscal year 2023, 699 individuals were enrolled in their programs, 246 were placed in jobs, and 208 certifications were earned. The organization's mission is to enhance the employability of job-seekers and provide employers with access to qualified workers, aiming to create a competitive business and workforce region. Their impact on the community is substantial, as the benefits derived from their WIOA programs are estimated to be 5.6 times greater than the costs. With a workforce of 209 employees, The Skillsource Group Inc is actively contributing to the employment landscape in Virginia.
Official website here: www.vcwnorthern.com
What are the reviews and ratings of this charity?
The Skillsource Group Inc has earned a Three-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 85%. This rating signifies a solid performance in accountability and finance, with a particularly strong score of 81 in financial management and oversight. The organization boasts a fully independent board, comprehensive financial policies, and a commendable program expense ratio of 93.77%, indicating a significant commitment to operational transparency and effective use of resources.
Strengths highlighted in the rating include high scores in culture and community, as well as leadership and adaptability. The organization has demonstrated robust engagement with constituents, achieving perfect scores in feedback collection and usage, which speaks to its dedication to responsiveness and community involvement. Additionally, Skillsource has successfully adapted its services in response to the COVID-19 pandemic, ensuring continued access for job seekers and employers.
However, there are areas that require attention, particularly the missing tax form on the nonprofit's website, which impacted its transparency scoring. Overall, The Skillsource Group Inc stands out for its strong accountability practices and community focus, although it would benefit from addressing the noted transparency issue to enhance its operational credibility further. Not Available.
This AI summary has been generated from information found on Charity Navigator.
Is The Skillsource Group Inc legitimate?
The Skillsource Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Skillsource Group 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: $254,968
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,172,362
For more financial information, click here
Official website here: www.vcwnorthern.com
What is the mission statement of The Skillsource Group Inc?
The Skillsource Group Inc's mission is centered around facilitating and enhancing the employability of job-seekers while providing employer access to a qualified workforce. They envision a competitive business and workforce region globally. The organization offers free employment and training services through the Workforce Innovation and Opportunity Act (WIOA) to eligible individuals, including adults, low-income adults, low-skilled workers, and dislocated workers. In the fiscal year 2023, 699 individuals were enrolled in WIOA programs, 246 were placed in jobs, and 208 certifications were earned. An independent return on investment report indicated that the benefits of WIOA programs were 5.6 times greater than the program costs, highlighting its effectiveness.
Official website here: www.vcwnorthern.com
Who is the CEO of The Skillsource Group Inc?
David A Hunn is the Chairman Of The Board of The Skillsource Group Inc. The CEO's salary of The Skillsource Group Inc is $209,865 and their total compensation is $247,055.
Official website here: www.vcwnorthern.com
What is the revenue of The Skillsource Group Inc?
The Skillsource Group Inc's revenue in 2023 was $7,550,496.
Official website here: www.vcwnorthern.com
Who are the executives of The Skillsource Group Inc and what are their salaries?
The average compensation at The Skillsource Group Inc during 2023 was $11,614. There are 209 employees and 16 volunteers at The Skillsource Group Inc.
Here are 18 key members and their salaries (The Skillsource Group Inc's CEO's salary is $209,865 and their total compensation is $247,055):
- 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
- 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
- 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: $209,865
- Related: $0
- Other: $37,190
- Compensation: $146,287
- Related: $0
- Other: $22,983
Official website here: www.vcwnorthern.com
Where can I find the form 990 for The Skillsource Group Inc?
The Skillsource Group Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vcwnorthern.com
Learn more at the official website: www.vcwnorthern.com
Mission Statement of The Skillsource Group Inc
The Skillsource Group, a notable organization, is dedicated to facilitating and enhancing the employability of job-seekers while providing employers with access to a qualified workforce. Their mission envisions a vibrant business and workforce region that is globally competitive. In pursuit of this goal, The Skillsource Group strives to assist individuals seeking employment, as well as employers, in finding and qualifying for meaningful employment opportunities. They believe in the power of a skilled workforce to drive economic growth and prosperity.
Under the Workforce Innovation and Opportunity Act (WIOA), The Skillsource Group offers free employment and training services to eligible individuals. These services are designed to assist adults aged 18 and older, low-income adults, low-skilled workers, dislocated workers, and low-income youth between the ages of 16 and 24 who face barriers to employment. In the fiscal year 2023, 699 individuals were enrolled in all WIOA programs, 246 were placed in jobs, and 208 certifications were earned. The organization's commitment to empowering individuals and fostering a skilled workforce was further highlighted by an independent return on investment report, which estimated that the benefits of WIOA programs were 5.6 times greater than the program costs.
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
The Skillsource Group Inc. significantly enhances the employability of job-seekers while providing employers access to a pool of qualified workers. Through its Workforce Innovation and Opportunity Act (WIOA) programs, the organization delivers free employment and training services aimed at assisting eligible individuals, including low-income adults, dislocated workers, and youth facing barriers to employment.
In fiscal year 2023, the impact of their initiatives was notable, with 699 individuals enrolled in WIOA programs. Of those, 246 secured jobs, demonstrating the effectiveness of the training and support provided. The organization also facilitated the earning of 208 certifications, enhancing the skills and qualifications of these individuals and making them more competitive in the job market.
An independent return on investment report highlighted the substantial economic benefits of the WIOA programs, indicating that the advantages are 5.6 times greater than the costs associated with the programs. This not only underscores the financial viability of the initiative but also its critical role in fostering a vibrant, globally competitive workforce and business landscape in the region.
This information is meant to be a general summary of The Skillsource Group 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 2023.
- Investment Income: $2,099
- Program Service Revenue: $589,632
- Gross Receipts: $8,008,133
Assets and Liabilities:
- Total Assets: $3,403,657
- Total Liabilities: $2,816,865
- Net Assets: $586,792
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED SERVICES
Revenue
$410,215
TICKET TO WORK
Revenue
$179,417
Organization Details
Founding Year
2002
Phone
(703) 827-3782Principal Officer
David A Hunn
Main Address
8300 BOONE BOULEVARD 450, VIENNA, VA, 22182
Website
www.vcwnorthern.comNTEE Category
Code: T30 - Philanthropy
If you are a representative of The Skillsource Group Inc 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.