Overview
What is Northeast Texas Workforce Develop Board?
The Northeast Texas Workforce Develop Board is a local nonprofit organization based in Wake Village, Texas, with an address at 911 North Bishop A-100, ZIP code 75501. Their mission encompasses providing a range of employment-focused services for the Northeast Texas Workforce Development Area. In detail, they offer employment and training programs, educational courses related to employment, manage unemployment compensation insurance, and administer portions of public welfare programs. The board assumes responsibility for establishing policy guidelines, planning, overseeing, and evaluating all workforce development initiatives within their jurisdiction. Their team consists of a modest workforce of twelve dedicated individuals.
Official website here: www.netxworkforce.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Northeast Texas Workforce Development Board has achieved a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. With an overall score of 81%, the organization demonstrates a commitment to transparency and effective management of its resources. The high rating reflects the organization’s adherence to strong governance practices, including having a fully independent board and well-documented policies on conflict of interest and whistleblower protection.
Strengths of the organization include a high program expense ratio of 95.24%, meaning that a significant portion of its funding is directed towards programs rather than administrative costs. Additionally, the board's governance structure is robust, with all members being independent and the organization maintaining comprehensive financial oversight. These factors contribute positively to their accountability score.
However, there is a noted limitation in the liabilities to assets ratio, which stands at 86.39%, potentially indicating a higher dependency on liabilities. This area may require further attention to ensure long-term financial stability. Overall, the Northeast Texas Workforce Development Board showcases strong attributes, but the concerns related to liabilities should be monitored.
This AI summary has been generated from information found on Charity Navigator.
Is Northeast Texas Workforce Develop Board legitimate?
Northeast Texas Workforce Develop Board is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Texas Workforce Develop 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: $234,053
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,763,339
For more financial information, click here
Official website here: www.netxworkforce.org
What is the mission statement of Northeast Texas Workforce Develop Board?
The Northeast Texas Workforce Develop Board is dedicated to overseeing and guiding all workforce development programs within its area. In line with this mission, they offer employment and training services and educational programs to help individuals enhance their skills and secure jobs. Additionally, they manage unemployment compensation insurance and parts of public welfare programs to support those in need. Their primary goal is to foster economic growth and self-sufficiency within the community by equipping its members with the necessary tools for employment. Through these efforts, the Northeast Texas Workforce Develop Board aims to empower individuals and contribute to the region's overall workforce development.
Official website here: www.netxworkforce.org
Who is the CEO of Northeast Texas Workforce Develop Board?
Tammy Miller is the Treasurer of Northeast Texas Workforce Develop Board.
Official website here: www.netxworkforce.org
What is the revenue of Northeast Texas Workforce Develop Board?
Northeast Texas Workforce Develop Board's revenue in 2022 was $17,950,786.
Official website here: www.netxworkforce.org
Who are the executives of Northeast Texas Workforce Develop Board and what are their salaries?
The average compensation at Northeast Texas Workforce Develop Board during 2022 was $333,116. There are 12 employees at Northeast Texas Workforce Develop Board.
Here are 27 key members and their salaries:
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Official website here: www.netxworkforce.org
Where can I find the form 990 for Northeast Texas Workforce Develop Board?
Northeast Texas Workforce Develop Board's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.netxworkforce.org
Learn more at the official website: www.netxworkforce.org
Mission Statement of Northeast Texas Workforce Develop Board
The Northeast Texas Workforce Develop Board, a key organization in the region, is dedicated to providing comprehensive workforce development solutions. Its mission encompasses setting policy guidelines, planning, overseeing, and evaluating all employment and training programs within the Northeast Texas Workforce Development Area.
In practice, this means the Board offers employment and training services tailored to individuals' needs, helping them secure new jobs and upgrade their skills. It also provides employment-related educational programs to enhance the local workforce's competitiveness in the job market. Additionally, the Board manages unemployment compensation insurance and administers certain public welfare programs to support individuals in their employment journey.
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Impact
October, 2024
The Northeast Texas Workforce Development Board significantly influences the region by overseeing and enhancing workforce development programs. It establishes policy guidelines and strategic planning to ensure effective implementation of services aimed at boosting employment and training opportunities. By offering a range of employment-related educational programs and support services, the Board helps to equip individuals with the skills necessary for the job market.
Additionally, it facilitates access to unemployment compensation insurance and coordinates aspects of public welfare programs, providing crucial support for local residents during challenging times. This comprehensive approach not only aids individual growth and stability but also strengthens the economic health of the Northeast Texas area, fostering a more skilled workforce that meets the needs of local employers.
This information is meant to be a general summary of Northeast Texas Workforce Develop 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 2022.
- Program Service Revenue: $462,418
- Gross Receipts: $17,950,786
Assets and Liabilities:
- Total Assets: $1,940,967
- Total Liabilities: $1,678,467
- Net Assets: $262,500
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Income
Revenue
$462,418
Organization Details
Founding Year
2001
Phone
(903) 794-9490Principal Officer
Tammy Miller
Main Address
911 North Bishop A-100, Wake Village, TX, 75501
Website
www.netxworkforce.orgNTEE Category
Code: J202 - Employment
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