Overview
What is Nova Workforce Institute Of Northeast Louisiana In?
Nova Workforce Institute of Northeast Louisiana is a nonprofit organization situated in Monroe, Louisiana. With a focus on bridging the gap between employers' needs and job seekers, the institution offers job training and retraining opportunities for individuals from low-income backgrounds. By connecting with local job-training entities, the institute helps these individuals gain the necessary skills to secure living-wage jobs with benefits. With a small team of 8 dedicated individuals, the Nova Workforce Institute of Northeast Louisiana plays a significant role in empowering the local community by providing career growth opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating. Nova Workforce Institute of Northeast Louisiana has been rated based on a strong performance in accountability and finance, with a score of 86%. This reflects solid financial management practices and transparency in its operations, which are crucial for fostering donor trust and ensuring effective use of funds.
One notable strength of the organization is its governance structure, featuring a fully independent board with 11 members. Additionally, it has no material diversion of assets, indicating a commitment to maintaining integrity in its financial practices. The institute excels in its program expense ratio, dedicating all of its expenses to its programs, showcasing a strong focus on its mission.
However, there are areas for improvement, such as the absence of a whistleblower policy and a document retention and destruction policy, which are important for enhancing organizational accountability. These gaps could pose risks to operational transparency and governance, highlighting the need for the organization to address these issues to strengthen its overall accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Nova Workforce Institute Of Northeast Louisiana In legitimate?
Nova Workforce Institute Of Northeast Louisiana In is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nova Workforce Institute Of Northeast Louisiana In 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: $87,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $287,156
For more financial information, click here
What is the mission statement of Nova Workforce Institute Of Northeast Louisiana In?
The Nova Workforce Institute of Northeast Louisiana's mission is centered around providing job training and retraining opportunities for individuals with low income. The organization serves as a bridge, connecting the needs of employers with local residents who are seeking a career path leading to a living wage job with benefits. Their primary objective is to facilitate this connection, thereby helping individuals gain the necessary skills to secure sustainable employment. The institute's activities aim to empower both employers and job seekers, ultimately contributing to a stronger workforce and a more prosperous community.
What is the revenue of Nova Workforce Institute Of Northeast Louisiana In?
Nova Workforce Institute Of Northeast Louisiana In's revenue in 2023 was $619,195.
Who are the executives of Nova Workforce Institute Of Northeast Louisiana In and what are their salaries?
The average compensation at Nova Workforce Institute Of Northeast Louisiana In during 2023 was $37,506. There are 10 employees at Nova Workforce Institute Of Northeast Louisiana In.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Nova Workforce Institute Of Northeast Louisiana In?
Nova Workforce Institute Of Northeast Louisiana In's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nova Workforce Institute Of Northeast Louisiana In
Nova Workforce Institute of Northeast Louisiana, in its mission, focuses on bridging the gap between job-seekers and employers. This nonprofit organization specializes in providing job training and retraining for individuals from low-income backgrounds. By serving as a mediator, Nova Workforce Institute connects the needs of employers with local residents who are eager to secure a living wage job with benefits. Their primary objective is to help individuals gain the necessary skills to successfully enter and excel in the workforce, ultimately benefiting both the job seekers and the employers.
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Impact
July, 2024
Nova Workforce Institute Of Northeast Louisiana In is making a significant impact in MONROE, LA by providing job training and retraining for low-income individuals. The organization plays a crucial role in connecting the needs of employers with job-training entities and local residents seeking career paths to secure living-wage jobs with benefits. Through its mission of job training and retraining, Nova Workforce Institute is empowering individuals to gain the skills they need to secure stable employment and improve their economic well-being, ultimately contributing to the overall workforce development of the community.
This information is meant to be a general summary of Nova Workforce Institute Of Northeast Louisiana In. 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.
- Gross Receipts: $619,195
Assets and Liabilities:
- Total Assets: $274,660
- Total Liabilities: $95,699
- Net Assets: $178,961
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Organization Details
Founding Year
2007
Principal Officer
Paul West
NTEE Category
Code: B60 - Education
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