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River Valley Resources Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351820770 ✦ Madison, IN ✦ Designated as a 501(c)(3)

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Overview

What is River Valley Resources Inc?

River Valley Resources Inc, located at 100 EAST SECOND STREET E, Madison, IN 47250, is a nonprofit organization dedicated to empowering individuals and communities. Primarily focusing on adult job seekers and those who have faced employment barriers or dislocations, the organization provides assistance through the Workforce Innovation and Opportunity Act (WIOA). Their mission is to develop a competitive workforce, achieving this through collaboration and innovative services, ensuring that job seekers acquire the necessary skills and qualifications to secure and advance in employment. With a workforce of 118 dedicated individuals, River Valley Resources Inc strives to help people access opportunities for employment, education, training, and support services, ultimately contributing to self-sufficiency.


Official website here: www.rivervalleyresources.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Star rating)

River Valley Resources Inc has received an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The organization achieved a perfect score in various key areas, including having an independent board and a robust whistleblower policy, which indicates a high level of governance and ethical practices.

Financially, River Valley Resources demonstrates significant efficiency with a program expense ratio of 96.21%, meaning that nearly all of its expenditures directly support its programs. This financial discipline is further illustrated by a low liabilities-to-assets ratio of 10.75%, suggesting that the organization is well-managed and financially stable.

While River Valley Resources has excelled in transparency and governance, it's important for potential donors to consider the specific programs and outcomes the organization supports. The strong financial performance is commendable, but a deeper understanding of its impact in the community will provide a more comprehensive view of its effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is River Valley Resources Inc legitimate?

River Valley Resources Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. River Valley Resources 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: $104,573
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,710,548

For more financial information, click here


Official website here: www.rivervalleyresources.com

What is the mission statement of River Valley Resources Inc?

River Valley Resources Inc's mission is centered around preparing youth and economically disadvantaged adults for employment and aiding self-sufficiency. The organization's primary goal is to develop a competitive workforce through collaboration and innovative services, benefiting individuals, employers, and communities alike. Under the Workforce Innovation and Opportunity Act (WIOA), River Valley Resources offers staff-assisted services to adults and dislocated workers, helping them overcome employment barriers and succeed in the labor market. By providing opportunities for employment, education, training, and support services, the organization ensures that job seekers have the necessary skills and credentials to secure and advance in employment.


Official website here: www.rivervalleyresources.com

Who is the CEO of River Valley Resources Inc?

Margo Olson is the Member of River Valley Resources Inc.


Official website here: www.rivervalleyresources.com

What is the revenue of River Valley Resources Inc?

River Valley Resources Inc's revenue in 2022 was $5,776,450.


Official website here: www.rivervalleyresources.com

Who are the executives of River Valley Resources Inc and what are their salaries?

The average compensation at River Valley Resources Inc during 2022 was $23,857. There are 118 employees and 15 volunteers at River Valley Resources Inc.


Here are 10 key members and their salaries:


Curtis Adkins (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Terrell (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gloria Risk (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Durst (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Berry (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Withered (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Huffman (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Hartz (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Bond (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margo Olson (Executive Director)
  • Compensation: $104,573
  • Related: $0
  • Other: $4,183


Official website here: www.rivervalleyresources.com

Where can I find the form 990 for River Valley Resources Inc?

River Valley Resources Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rivervalleyresources.com

Learn more at the official website: www.rivervalleyresources.com

Mission Statement of River Valley Resources Inc

River Valley Resources Inc, a nonprofit organization, is committed to preparing youth and economically disadvantaged adults for employment and helping them become self-sufficient. Their mission, in simpler terms, is to foster a competitive workforce by collaborating with individuals, employers, and communities through innovative services.

Under the umbrella of the Workforce Innovation and Opportunity Act (WIOA), River Valley Resources Inc provides staff-assisted services to adults and dislocated workers who may encounter barriers in finding employment, are unemployed, or underemployed. The organization's goal is to equip job seekers with the necessary skills and credentials to secure and progress in employment opportunities. By offering access to employment, education, training, and support services, River Valley Resources Inc ensures that individuals have the tools required to succeed in the labor market.

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Impact




October, 2024

River Valley Resources Inc significantly impacts the local community by equipping youth and unskilled adults with essential skills for workforce entry. Through its initiatives under the Workforce Innovation and Opportunity Act (WIOA), the organization provides tailored services to adults and dislocated workers facing barriers to employment. By focusing on those who are unemployed or underemployed, it helps them access valuable opportunities in education, training, and support services.

The organization's mission is to cultivate a competitive workforce by fostering collaboration and innovative solutions that benefit individuals, employers, and the broader community. As a result, River Valley Resources Inc plays a crucial role in promoting self-sufficiency among economically disadvantaged individuals, enhancing their employability, and contributing to the region's economic development.

Overall, the organization acts as a bridge to opportunity, helping transform the lives of many by ensuring they possess the skills and credentials needed to secure and advance in meaningful employment.




This information is meant to be a general summary of River Valley Resources 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.

Revenue
$5,776,450 (2022)
Expenses
$5,660,988 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $264
  • Gross Receipts: $5,918,671

Assets and Liabilities:

  • Total Assets: $2,876,041
  • Total Liabilities: $278,332
  • Net Assets: $2,597,709

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Organization Details

Founding Year

1990

Principal Officer

Margo Olson

Main Address

100 EAST SECOND STREET E, MADISON, IN, 472503536

NTEE Category

Code: J200 - Employment

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