Overview
What is Southeast Minnesota Private Industry Council Inc?
Southeast Minnesota Private Industry Council Inc, also known as Workforce Development Inc, is a nonprofit organization situated in Rochester, Minnesota. With a workforce of 201 individuals, their primary mission is to foster and improve the workforce of Southeast Minnesota. They provide comprehensive services to 1,324 participants, including an initial assessment, job search assistance, job training, placement, and supportive services. The organization is dedicated to advancing the local workforce, contributing positively to the community and helping individuals secure stable employment.
Official website here: www.workforcedevelopmentinc.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 73% (Two-Star out of Four Stars)**
Southeast Minnesota Private Industry Council Inc has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score. The organization maintains a majority-independent board and demonstrates strong oversight in various financial practices, although it lacks policies for conflict of interest and whistleblower protections, which has contributed to a lower overall rating.
While the charity shows a commendable program expense ratio of 96.03%, indicating a significant allocation of resources towards its mission, its liability to assets ratio of 81.02% raises some concerns about financial stability. The historical rating focuses solely on financial accountability, with no evaluations for Leadership & Adaptability, Culture & Community, or Impact & Measurement currently available, which limits a comprehensive assessment of the organization's effectiveness.
Not Available.
This AI summary has been generated from information found on Charity Navigator.
Is Southeast Minnesota Private Industry Council Inc legitimate?
Southeast Minnesota Private Industry Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeast Minnesota Private Industry Council 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: $414,985
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,779,284
For more financial information, click here
Official website here: www.workforcedevelopmentinc.org
What is the mission statement of Southeast Minnesota Private Industry Council Inc?
The Southeast Minnesota Private Industry Council Inc has a mission to develop and enhance the workforce of the region. This is achieved through various services, including providing intake assessments, job search assistance, training programs, job placements, and supportive services to over 1,300 participants classified as dislocated workers. The organization's primary goal is to advance the local workforce, contributing to the economic growth and prosperity of the community.
Official website here: www.workforcedevelopmentinc.org
What is the revenue of Southeast Minnesota Private Industry Council Inc?
Southeast Minnesota Private Industry Council Inc's revenue in 2024 was $9,904,994.
Official website here: www.workforcedevelopmentinc.org
Who are the executives of Southeast Minnesota Private Industry Council Inc and what are their salaries?
The average compensation at Southeast Minnesota Private Industry Council Inc during 2024 was $28,384. There are 183 employees and 36 volunteers at Southeast Minnesota Private Industry Council Inc.
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Official website here: www.workforcedevelopmentinc.org
Where can I find the form 990 for Southeast Minnesota Private Industry Council Inc?
Southeast Minnesota Private Industry Council Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.workforcedevelopmentinc.org
Learn more at the official website: www.workforcedevelopmentinc.org
Mission Statement of Southeast Minnesota Private Industry Council Inc
Southeast Minnesota Private Industry Council Inc, as its name suggests, is dedicated to the development and advancement of the workforce in the southeastern region of Minnesota. This nonprofit organization's mission is to support individuals who have been affected by job displacement by providing them with comprehensive services. These services include an initial intake assessment, job search assistance, job training programs, placement support, and various other supportive services. Through these initiatives, Southeast Minnesota Private Industry Council Inc aims to help 1,324 participants in their mission to strengthen the local workforce.
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Impact
July, 2024
Southeast Minnesota Private Industry Council Inc has a significant impact on developing and advancing the workforce of Southeast Minnesota. Through their dislocated worker services, they provide intake assessment, job search assistance, training, job placement, and supportive services to 1,324 participants. This organization plays a vital role in supporting individuals who have faced challenges in their employment, ultimately contributing to the overall growth and stability of the workforce in the region.
This information is meant to be a general summary of Southeast Minnesota Private Industry Council 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.
- Investment Income: $15
- Gross Receipts: $9,904,994
Assets and Liabilities:
- Total Assets: $868,120
- Total Liabilities: $621,671
- Net Assets: $246,449
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Organization Details
Founding Year
1984
Principal Officer
Rietmann Jinny
NTEE Category
Code: J200 - Employment
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