Overview
What is South Central Workforce Investment Board?
The South Central Workforce Investment Board is a nonprofit organization situated in West Plains, Missouri, with a focus on assisting economically disadvantaged individuals aged 16 and above, as well as dislocated workers. Their services encompass remedial education, occupational skills training, on-the-job training, and work experience. The primary aim of this organization is to establish a system that benefits both employers and job seekers. Employers gain access to a skilled workforce, while job seekers can secure employment opportunities with enhanced earning potential. The South Central Workforce Investment Board operates with a small team of three dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
The South Central Workforce Investment Board has received a Three-Star rating from Charity Navigator, indicating a moderate level of performance in terms of accountability and finance. The board boasts a high level of independence, with 100% of its members being independent, which is a strong point in its governance. Furthermore, the organization has scored full marks in various areas, such as its audit and oversight committee and its conflict of interest policy, demonstrating a commitment to transparency and ethical governance.
Financially, the organization's program expense ratio is commendable at 83.61%, indicating that a significant portion of its expenses is directed towards its programs rather than administrative costs. However, the liabilities to assets ratio at 74.69% is a concerning point, as it suggests potential financial vulnerabilities. This could pose limitations on the organization's capacity to manage debts and sustain operations in the long term.
Overall, while the South Central Workforce Investment Board shows strong governance and program spending, the high liabilities relative to its assets may require attention to ensure its financial stability and sustainability in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is South Central Workforce Investment Board legitimate?
South Central Workforce Investment Board is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Central 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: $69,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,624
For more financial information, click here
What is the mission statement of South Central Workforce Investment Board?
The South Central Workforce Investment Board's mission is centered around supporting a system that serves two primary purposes. Firstly, it aims to assist employers in obtaining a skilled workforce, thereby enhancing their operations. Secondly, it strives to provide job seekers with access to employment opportunities that offer increased earning potential. To accomplish this, the board offers various services such as remedial education, occupational skills training, on-the-job training, and work experience, specifically targeting economically disadvantaged individuals aged 16 and above, as well as dislocated workers.
Who is the CEO of South Central Workforce Investment Board?
Steve Halter is the Secretary of South Central Workforce Investment Board.
What is the revenue of South Central Workforce Investment Board?
South Central Workforce Investment Board's revenue in 2023 was $775,192.
Who are the executives of South Central Workforce Investment Board and what are their salaries?
The average compensation at South Central Workforce Investment Board during 2023 was $39,039. There are 3 employees at South Central Workforce Investment Board.
Here are 20 key members and their salaries:
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Where can I find the form 990 for South Central Workforce Investment Board?
South Central Workforce Investment Board's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of South Central Workforce Investment Board
The South Central Workforce Investment Board is committed to establishing a system that benefits both employers and job seekers. Their mission is to provide employers with a skilled workforce and offer job seekers access to employment opportunities that promise increased earning potential. To achieve this, they offer a range of services for economically disadvantaged individuals aged 16 and above, as well as dislocated workers. These services encompass remedial education, occupational skills training, on-the-job training, and work experience. By doing so, the South Central Workforce Investment Board aims to bridge the gap between the demand for skilled labor and the availability of qualified job seekers, ultimately contributing to a more robust and prosperous workforce.
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Impact
October, 2024
The South Central Workforce Investment Board significantly impacts the local economy by bridging the gap between employers seeking skilled workers and job seekers striving for better opportunities. By supporting a robust system that enhances workforce readiness, it enables economically disadvantaged individuals, including dislocated workers and youth, to access essential resources like remedial education, occupational skills training, on-the-job training, and work experience.
This initiative not only uplifts individuals by increasing their earning potential but also contributes to the overall economic development of the region. By focusing on aligning workforce skills with employer needs, the Board fosters a stronger, more sustainable job market in West Plains, MO. The investment in people translates to more competitive businesses and a revitalized community, ultimately driving forward community improvement and prosperity.
This information is meant to be a general summary of South Central 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 2023.
- Gross Receipts: $775,192
Assets and Liabilities:
- Total Assets: $231,074
- Total Liabilities: $172,603
- Net Assets: $58,471
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Organization Details
Phone
(417) 257-2630Principal Officer
Steve Halter
Main Address
408 WASHINGTON AVE SUITE 210, WEST PLAINS, MO, 65775
NTEE Category
Code: S30 - Community improvement
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