Overview
What is Southwest Ohio Region Workforce Investment Board?
The Southwest Ohio Region Workforce Investment Board is a nonprofit organization situated in Cincinnati, Ohio. Utilizing funds from the Workforce Innovation and Opportunity Act of 2014, they oversee Ohio Means Jobs, a one-stop center. Their primary goal is to equip local job seekers with essential skills for employment, while simultaneously helping local businesses find employees with the suitable skill set. They achieved this through serving 3,265 individuals and providing grant funds for in-demand career training programs to 304 individuals. Their mission is to contribute to the growth of the community and region by providing employers with a prepared workforce, connecting job-seeking customers to opportunities that foster career readiness. The organization, with a team of 3 employees, serves the region effectively, ensuring the success of both job seekers and employers.
Official website here: www.cincyworkforce.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Southwest Ohio Region Workforce Investment Board has achieved a high rating of 96%, indicating strong performance in accountability and finance. This score is reflective of the organization's commitment to transparency and responsible financial practices, with a focus solely on their Accountability & Finance metrics. A Four-Star rating signifies exceptional governance and financial health, which can instill confidence in donors and stakeholders.
Key strengths of the organization include a fully independent board, with 100% of its members meeting this criterion. Additionally, the board size is substantial with 57 independent members, enhancing oversight and decision-making processes. The organization maintains high standards in financial reporting, with rigorous audit and oversight practices, and has established comprehensive policies, such as conflict of interest and whistleblower policies.
No significant limitations were noted in the data, which further emphasizes the organization's robust operational framework. The financial ratios demonstrate a strong commitment to program expenses, indicating that a large majority of their funds are directed towards their mission-driven activities rather than administrative costs. Overall, the Southwest Ohio Region Workforce Investment Board appears to be a well-managed nonprofit with a clear focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Ohio Region Workforce Investment Board legitimate?
Southwest Ohio Region Workforce Investment Board is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Ohio Region Workforce Investment Board 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: $75,609
Professional Fundraising Fees: $0
Other Salaries and Wages: $235,011
For more financial information, click here
Official website here: www.cincyworkforce.org
What is the mission statement of Southwest Ohio Region Workforce Investment Board?
The Southwest Ohio Region Workforce Investment Board is committed to supporting both employers and job seekers. Their mission is to prepare the workforce by connecting job-seeking individuals to opportunities that enhance their career readiness. This initiative contributes to the growth of the community and region as a whole. Utilizing funds from the Workforce Innovation and Opportunity Act of 2014, they oversee Ohio Means Jobs, a one-stop center that helps local job seekers acquire necessary skills for employment. Additionally, they assist local businesses in finding employees with the desired skill set. Through their efforts, they served 3,265 individuals and 80% of adults and dislocated workers secured employment. Furthermore, they provided grant funds for in-demand career training programs for 304 individuals and served 314 employers.
Official website here: www.cincyworkforce.org
What is the revenue of Southwest Ohio Region Workforce Investment Board?
Southwest Ohio Region Workforce Investment Board's revenue in 2024 was $1,002,458.
Official website here: www.cincyworkforce.org
Who are the executives of Southwest Ohio Region Workforce Investment Board and what are their salaries?
The average compensation at Southwest Ohio Region Workforce Investment Board during 2024 was $77,655. There are 4 employees and 119 volunteers at Southwest Ohio Region Workforce Investment Board.
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Official website here: www.cincyworkforce.org
Where can I find the form 990 for Southwest Ohio Region Workforce Investment Board?
Southwest Ohio Region Workforce Investment Board's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cincyworkforce.org
Learn more at the official website: www.cincyworkforce.org
Mission Statement of Southwest Ohio Region Workforce Investment Board
The Southwest Ohio Region Workforce Investment Board is committed to a mission aimed at benefiting both employers and job seekers. By serving as a bridge between the two, it strives to develop a workforce that is well-equipped and prepared, thereby contributing to the growth and progress of the community and region at large. To accomplish this, the Board connects individuals seeking employment with opportunities that can enhance their career readiness, ultimately helping them secure jobs. In doing so, it also assists local businesses in finding employees with the necessary skills to meet their needs. The Board's efforts are primarily funded through federal grants from the Workforce Innovation and Opportunity Act (WIOA) of 2014, which replaced the previous Workforce Investment Act of 1998. Through its One Stop Operations, the Board serves as the overseer of Ohio Means Jobs (OMJ), a one-stop center that aids local job seekers in acquiring the skills needed for employment, and assists businesses in locating candidates with the desired skill set. The Board's activities have resulted in the successful placement of 80% of adult and dislocated workers in employment, and it has served 3265 individuals through the OMJ center and its network of partners. Additionally, the Board has provided grant funds for in-demand career training programs to 304 individuals.
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Impact
July, 2024
The Southwest Ohio Region Workforce Investment Board's impact is significant in connecting job-seeking individuals with opportunities that enhance their career readiness. Through the Ohio Means Jobs center and its network of partners, the organization has successfully served 3,265 individuals, with 304 individuals benefiting from grant funds for in-demand career training programs. Additionally, the board has helped 80% of adults and dislocated workers secure employment, while also assisting 314 employers in finding employees with the required skill set. This effort contributes to the growth of the community and region by providing employers with a prepared workforce, ultimately creating a positive impact on both individuals and businesses in the area.
This information is meant to be a general summary of Southwest Ohio Region Workforce Investment Board. 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: $25,083
- Gross Receipts: $1,002,458
Assets and Liabilities:
- Total Assets: $1,083,537
- Total Liabilities: $64,820
- Net Assets: $1,018,717
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Organization Details
Founding Year
2004
Principal Officer
Jason Ashbrook
Website
www.cincyworkforce.orgNTEE Category
Code: J20 - Employment
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