Overview
What is Business Employment Skills Team Inc?
Business Employment Skills Team Inc, commonly referred to as BEST Inc, is a nonprofit organization situated in Oglesby, Illinois. Their primary mission is to provide training and job placement opportunities for youth, adults, and displaced workers. Their programs aim to equip economically disadvantaged, unemployed, or underemployed individuals with the necessary skills to enter the workforce. This is achieved through job training, employment services, and supportive services that enable eligible individuals to contribute to their self-sufficiency. During the 2014-2015 period, BEST Inc merged with a neighboring workforce area, expanding their service area from four to eight counties. In the current fiscal year, they served 229 adults, 231 youth, 58 displaced workers, and three clients under the Trade Adjustment Assistance program.
Official website here: www.best-inc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 72% - Two-Star out of Four Star Rating
Business Employment Skills Team Inc has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score. While the organization demonstrates strong governance with 100% independent board members and comprehensive policies for conflict of interest and whistleblower protections, its financial performance metrics reflect some areas of concern.
The charity maintains a high program expense ratio of 89.72%, indicating a significant portion of its budget is directed towards its mission. However, the fundraising efficiency is notably low, with an expenditure of $0.002 per dollar raised, which may impact its overall sustainability and capacity for future growth. Additionally, the working capital ratio suggests a limited financial buffer, implying potential challenges in meeting immediate operational needs.
While the organization appears to be well-managed in terms of policies and oversight, these financial limitations and the low fundraising efficiency could hinder its effectiveness in serving its community. Overall, potential donors and stakeholders may consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Business Employment Skills Team Inc legitimate?
Business Employment Skills Team Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Employment Skills Team 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: $82,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $890,227
For more financial information, click here
Official website here: www.best-inc.org
What is the mission statement of Business Employment Skills Team Inc?
Business Employment Skills Team Inc's mission is centered around providing training and job placement services for youth, adults, and dislocated workers. Their objectives include preparing economically disadvantaged individuals, the unemployed, and underemployed persons for the workforce through job training and employment services. They also offer programs to upgrade the skills of individuals working below their full potential and provide retraining programs for those at risk of layoffs. The organization additionally administers the Trade Adjustment Assistance Workers Program, which provides assistance to qualified workers adversely affected by foreign trade, helping them secure suitable employment. During the given period, Business Employment Skills Team Inc expanded its service area from four to eight counties. In the recent fiscal year, they served a total of 229 adults, 231 youth, 58 dislocated workers, and 3 clients under the Trade Adjustment Assistance program.
Official website here: www.best-inc.org
Who is the CEO of Business Employment Skills Team Inc?
Kathy Enbom is the Co-Chair of Business Employment Skills Team Inc.
Official website here: www.best-inc.org
What is the revenue of Business Employment Skills Team Inc?
Business Employment Skills Team Inc's revenue in 2023 was $3,376,132.
Official website here: www.best-inc.org
Who are the executives of Business Employment Skills Team Inc and what are their salaries?
The average compensation at Business Employment Skills Team Inc during 2023 was $12,310. There are 79 employees and 12 volunteers at Business Employment Skills Team Inc.
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- Compensation: $77,359
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- Other: $15,632
Official website here: www.best-inc.org
Where can I find the form 990 for Business Employment Skills Team Inc?
Business Employment Skills Team Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.best-inc.org
Learn more at the official website: www.best-inc.org
Mission Statement of Business Employment Skills Team Inc
Business Employment Skills Team Inc, as an organization, is dedicated to providing training and job placement opportunities for youth, adults, and dislocated workers. Their primary mission is to prepare economically disadvantaged, unemployed, or underemployed individuals for entry into the labor force. This is achieved through job training and employment services, upgrading skills for those working below their full potential, and retraining programs for individuals facing layoffs with limited re-employment opportunities. Business Employment Skills Team Inc also administers the Trade Adjustment Assistance Workers Program, which offers adjustment assistance to qualified workers adversely affected by foreign trade, aiding them in securing suitable employment. The organization serves a diverse range of individuals, helping them contribute to their self-sufficiency with supportive services. During their 2014-2015 program year, Business Employment Skills Team Inc expanded its service area from four to eight counties. In the current fiscal year, they served 229 adults, 231 youth, 58 dislocated workers, and 3 Trade Adjustment Assistance clients.
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Impact
October, 2024
Business Employment Skills Team Inc significantly impacts the workforce landscape by providing tailored training and job placement services to youth, adults, and dislocated workers. The organization focuses on equipping economically disadvantaged, unemployed, or underemployed individuals with the skills necessary to re-enter the workforce effectively. Through various programs, including those mandated by the Workforce Innovation and Opportunity Act (WIOA), it aims to prepare participants for sustainable employment opportunities.
In addition, the organization actively addresses the needs of those facing impending layoffs by offering retraining programs, thereby enhancing their employability prospects. For workers affected by foreign trade, the Trade Adjustment Assistance Workers Program provides vital adjustment assistance to help them secure suitable employment.
With a broad service reach that now spans eight counties, Business Employment Skills Team Inc has demonstrated its commitment to fostering self-sufficiency among individuals. In a recent program year, the organization successfully served 229 adults, 231 youth, 58 dislocated workers, and a small number of Trade Adjustment Assistance clients. This substantial outreach illustrates the organization's essential role in building a more skilled and resilient workforce in Illinois.
This information is meant to be a general summary of Business Employment Skills Team 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: $255
- Gross Receipts: $3,376,132
Assets and Liabilities:
- Total Assets: $412,521
- Total Liabilities: $365,343
- Net Assets: $47,178
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Organization Details
Founding Year
1983
Phone
(815) 224-0375Principal Officer
Kathy Enbom
Main Address
815 N ORLANDO SMITH AVENUE, OGLESBY, IL, 61348
Website
www.best-inc.orgNTEE Category
Code: J200 - Employment
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