Overview
What is Workforce Development Board Of South Central Wisconsin Inc?
Workforce Development Board of South Central Wisconsin Inc is a nonprofit organization situated in Madison, Wisconsin. Their primary focus is to improve employment opportunities and enhance the workforce through the WIOA Adult and Dislocated Workers Programs. These programs aim to boost employment, retention, earnings, and educational and occupational skill attainment of participants, thereby reducing welfare dependency and enhancing national productivity and competitiveness. With a mission to foster economic growth, the organization forges strategic partnerships and dedicates resources to promoting opportunities for the workforce, targeting disadvantaged and dislocated workers, and maintaining fiscal integrity. The nonprofit served 616 participants in fiscal year 2021 and has a workforce of 41 employees.
Official website here: www.wdbscw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Workforce Development Board of South Central Wisconsin Inc has earned a Three-Star rating from Charity Navigator, reflecting an 81% overall score. This rating is based solely on their accountability and finance practices, indicating a strong emphasis on financial integrity and transparency within the organization.
The organization has demonstrated a commitment to governance, featuring a fully independent board and robust policies related to conflict of interest and whistleblower protections. Additionally, their program expense ratio is impressive, with 93.22% of expenses allocated directly to programs, highlighting effective use of resources to fulfill their mission.
However, the organization faces a notable challenge with a high liabilities to assets ratio of 83.92%, which did not score favorably. This could suggest potential financial constraints that may impact operational sustainability in the long term. Overall, while there are strengths in governance and program funding, attention may be needed to address financial liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Workforce Development Board Of South Central Wisconsin Inc legitimate?
Workforce Development Board Of South Central Wisconsin Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Workforce Development Board Of South Central Wisconsin 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: $291,707
Professional Fundraising Fees: $0
Other Salaries and Wages: $572,399
For more financial information, click here
Official website here: www.wdbscw.org
What is the mission statement of Workforce Development Board Of South Central Wisconsin Inc?
The Workforce Development Board of South Central Wisconsin Inc's mission is centered around fostering strategic partnerships that contribute to economic growth. To accomplish this, the organization focuses on several key areas. They promote opportunities for the workforce, specifically targeting disadvantaged and displaced workers. They ensure equitable distribution of resources across the region, responding to local needs as they arise. The board supports a customer-driven system, prioritizing the needs of the workforce. Additionally, they maintain fiscal integrity, ensuring the responsible use of financial resources.
Official website here: www.wdbscw.org
Who is the CEO of Workforce Development Board Of South Central Wisconsin Inc?
Seth Lentz is the CEO of Workforce Development Board Of South Central Wisconsin Inc The CEO's salary of Workforce Development Board Of South Central Wisconsin Inc is $117,698 and their total compensation is $158,273.
Official website here: www.wdbscw.org
What is the revenue of Workforce Development Board Of South Central Wisconsin Inc?
Workforce Development Board Of South Central Wisconsin Inc's revenue in 2024 was $7,475,349.
Official website here: www.wdbscw.org
Who are the executives of Workforce Development Board Of South Central Wisconsin Inc and what are their salaries?
The average compensation at Workforce Development Board Of South Central Wisconsin Inc during 2024 was $30,861. There are 28 employees and 36 volunteers at Workforce Development Board Of South Central Wisconsin Inc.
Here are 38 key members and their salaries (Workforce Development Board Of South Central Wisconsin Inc's CEO's salary is $117,698 and their total compensation is $158,273):
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Official website here: www.wdbscw.org
Where can I find the form 990 for Workforce Development Board Of South Central Wisconsin Inc?
Workforce Development Board Of South Central Wisconsin Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wdbscw.org
Learn more at the official website: www.wdbscw.org
Mission Statement of Workforce Development Board Of South Central Wisconsin Inc
The Workforce Development Board of South Central Wisconsin, Inc. is committed to fostering collaborative partnerships that drive economic growth. Central to their mission is the building of public and private alliances that uphold innovation and excellence in workforce development. In pursuit of this objective, the organization invests its time, skills, and financial resources in various initiatives. They strive to promote economic chances for the workforce, focusing on disadvantaged and displaced workers. The Board also works diligently to ensure equitable distribution of resources throughout the region. Responding to local needs is a primary concern, and they support a customer-centric system to meet these requirements effectively. Lastly, maintaining fiscal integrity is a cornerstone of their operations, ensuring that all resources are utilized efficiently and responsibly.
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Impact
July, 2024
The Workforce Development Board Of South Central Wisconsin Inc's impact lies in forging strategic partnerships for economic growth. Through its Workforce Innovation and Opportunity Act (WIOA) programs for adult and dislocated workers, the organization aims to improve employment, retention, and earnings of participants. By increasing educational and occupational skill attainment, the board contributes to enhancing the quality of the workforce, reducing welfare dependency, and boosting national productivity and competitiveness. In fiscal year 2021 alone, 616 participants were served by this program in Madison, WI. The organization's mission is to build public and private partnerships that support innovation and excellence in workforce development. By promoting economic opportunities, targeting disadvantaged and dislocated workers, and responding to local needs, the organization ensures a customer-driven system that maintains fiscal integrity.
This information is meant to be a general summary of Workforce Development Board Of South Central Wisconsin 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 2024.
- Program Service Revenue: $55,544
- Gross Receipts: $7,475,349
Assets and Liabilities:
- Total Assets: $699,627
- Total Liabilities: $629,611
- Net Assets: $70,016
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$55,544
Organization Details
Founding Year
1983
Principal Officer
Seth Lentz
Website
www.wdbscw.orgNTEE Category
Code: J20Z - Employment
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