Overview
What is Labor Education & Training Center Inc?
Labor Education & Training Center Inc, located in Stevens Point, Wisconsin, is a nonprofit organization that leverages Workforce Investment Opportunities Act funds to offer outreach and case management services. Their mission is to assist dislocated workers and economically disadvantaged adults and youth, providing them with employment opportunities and training within the Job Centers established in Wisconsin. Through assessment, case management, referrals, and job placement assistance, they help these individuals overcome employment barriers and secure stable employment. The organization, with a workforce of 14, has consistently met or surpassed the performance measures set by their granting agencies.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Labor Education & Training Center Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The overall score is based entirely on the Accountability & Finance category, with a notable score of 79%. This suggests that the organization demonstrates a good level of transparency and responsible financial practices.
One of the strengths of the organization is its governance structure, as it boasts an entirely independent board of members and has been recognized for maintaining strong oversight through its audit and oversight committee. Additionally, the center has effective policies in place, including conflict of interest and whistleblower policies, which contribute to its strong accountability measures.
However, the organization did not perform as well in the liabilities to assets ratio, scoring 0 out of 15 points in this area. This could indicate potential concerns about financial stability relative to its assets. Nonetheless, its high program expense ratio of 91.30% reflects a strong commitment to utilizing funds directly for its programs and services.
This AI summary has been generated from information found on Charity Navigator.
Is Labor Education & Training Center Inc legitimate?
Labor Education & Training Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Labor Education & Training Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $631,713
For more financial information, click here
What is the mission statement of Labor Education & Training Center Inc?
The Labor Education & Training Center Inc's mission is centered around assisting dislocated workers and economically disadvantaged adults and youth in Wisconsin. This is achieved through various processes such as assessments, case management, referrals to employment and training programs, and providing assistance with job placements. The center's performance measures have consistently met or exceeded the standards set by the granting agencies. Funds from the Workforce Investment Opportunities Act are utilized to provide outreach, case management services, and employment assistance within the existing Job Centers established in Wisconsin.
Who is the CEO of Labor Education & Training Center Inc?
Brad Schwanda is the Board President of Labor Education & Training Center Inc.
What is the revenue of Labor Education & Training Center Inc?
Labor Education & Training Center Inc's revenue in 2022 was $1,093,602.
Who are the executives of Labor Education & Training Center Inc and what are their salaries?
The average compensation at Labor Education & Training Center Inc during 2022 was $45,122. There are 14 employees at Labor Education & Training Center Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Labor Education & Training Center Inc?
Labor Education & Training Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Labor Education & Training Center Inc
Labor Education & Training Center Inc, as a nonprofit organization, is committed to aiding dislocated workers and economically disadvantaged adults and youth in Wisconsin. Their mission is twofold: firstly, they provide assessment and case management services to these individuals. Secondly, they refer them to suitable employment and training programs, offering assistance in securing job placements. The organization's performance in these areas has consistently met or surpassed the expectations set by their granting agencies, demonstrating their effectiveness and dedication to their cause. Utilizing funds from the Workforce Investment Opportunities Act, Labor Education & Training Center Inc offers outreach and case management services at Job Centers established within the State of Wisconsin, aiming to equip and place these vulnerable individuals back into the workforce.
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Impact
July, 2024
Labor Education & Training Center Inc plays a vital role in assisting dislocated workers and economically disadvantaged adults and youth in the State of Wisconsin. Through their utilization of Workforce Investment Opportunities Act funds, they provide essential outreach and case management services to help these individuals access training programs and secure employment. By operating within the established Job Centers in Wisconsin, they effectively facilitate the process of assessing needs, providing referrals, and aiding with job placement. Consequently, the organization's impact is evident in successfully meeting or surpassing performance measures established by granting agencies, ultimately helping to improve employment opportunities for those in need.
This information is meant to be a general summary of Labor Education & Training Center 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 2022.
- Gross Receipts: $1,093,602
Assets and Liabilities:
- Total Assets: $106,778
- Total Liabilities: $104,872
- Net Assets: $1,906
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Organization Details
Founding Year
1996
Phone
(715) 421-6966Principal Officer
Brad Schwanda
Main Address
5972 US Hwy 10 E, Stevens Point, WI, 54482
NTEE Category
Code: J22Z - Employment
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