Overview
What is Worksource Montgomery Inc?
Worksource Montgomery Inc, based in Rockville, Maryland, is a nonprofit organization dedicated to enhancing the public workforce development system within Montgomery County. Through their comprehensive services, they connect job seekers with various in-demand industries such as Life Science, IT, Hospitality, Healthcare, and Transportation, leading to employment placements, increased earnings, skill gains, and credential attainments. They serve as a bridge between the Montgomery County Workforce Investment Board and local businesses, assisting in meeting their talent requirements. With a team of 41 employees, Worksource Montgomery Inc plays a significant role in expanding the county's workforce development system.
Official website here: www.worksourcemontgomery.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Worksource Montgomery Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's overall score is derived entirely from its accountability and finance metrics, which emphasize transparency and effective governance. With a score of 81%, the organization demonstrates compliance with best practices in financial management and reporting.
The organization boasts a fully independent board, which scored a perfect 8 out of 8 points for majority independent members. Additionally, it has a strong audit and oversight committee, contributing to its high scores in accountability measures. The charity's program expense ratio shows that 77.33% of its expenses are allocated to programs, suggesting that a significant portion of its funding is directed toward fulfilling its mission.
However, while the financial practices appear robust, the data does not provide insights into the specific programs or impact of Worksource Montgomery Inc on the community it serves. As a result, potential donors may want to consider both financial health and program effectiveness when evaluating the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Worksource Montgomery Inc legitimate?
Worksource Montgomery Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worksource Montgomery 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: $196,103
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,004,260
For more financial information, click here
Official website here: www.worksourcemontgomery.com
What is the mission statement of Worksource Montgomery Inc?
Worksource Montgomery Inc's mission is to aid the Montgomery County Workforce Investment Board (WIB) in expanding the public workforce development system within the county. This is achieved by serving and connecting job seekers and businesses, thereby fostering a robust employment ecosystem. By providing comprehensive workforce development services, Worksource Montgomery Inc has facilitated employment placements, increased earnings, skill enhancements, and credential attainments for job seekers. The organization has catered to various in-demand industries, including Life Science, IT, Hospitality, Healthcare, and Transportation. Additionally, Worksource Montgomery Inc collaborates with local businesses in these sectors to meet their current and future talent requirements.
Official website here: www.worksourcemontgomery.com
What is the revenue of Worksource Montgomery Inc?
Worksource Montgomery Inc's revenue in 2023 was $12,158,886.
Official website here: www.worksourcemontgomery.com
Who are the executives of Worksource Montgomery Inc and what are their salaries?
The average compensation at Worksource Montgomery Inc during 2023 was $27,122. There are 118 employees and 32 volunteers at Worksource Montgomery Inc.
Here are 41 key members and their salaries:
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Official website here: www.worksourcemontgomery.com
Where can I find the form 990 for Worksource Montgomery Inc?
Worksource Montgomery Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.worksourcemontgomery.com
Learn more at the official website: www.worksourcemontgomery.com
Mission Statement of Worksource Montgomery Inc
Worksource Montgomery Inc, as a nonprofit organization, is dedicated to assisting the Montgomery County Workforce Investment Board in expanding the public workforce development system within the county. This is accomplished by serving and connecting job seekers with potential employers. The mission of Worksource Montgomery Inc is to contribute to the county's workforce development by facilitating successful employment placements for job seekers, leading to increased earnings, measurable skill gains, and credential attainments. The organization focuses on various in-demand industries, including Life Science, IT, Hospitality, Healthcare, and Transportation, and collaborates with local businesses within these sectors to meet their current and future talent needs.
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Impact
July, 2024
Worksource Montgomery Inc's impact lies in its ability to assist the Montgomery County Workforce Investment Board in expanding the public workforce development system in the county. By serving and connecting job seekers with businesses, WorkSource Montgomery has facilitated employment placements, increased earnings, measurable skill gains, and credential attainments for individuals seeking work. Its efforts have not only helped job seekers find employment in diverse industries such as Life Science, IT, Hospitality, Healthcare, and Transportation but also supported local businesses in meeting their talent needs. Overall, Worksource Montgomery's work contributes to community improvement by strengthening the workforce and promoting economic vitality in Montgomery County.
This information is meant to be a general summary of Worksource Montgomery 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: $118,539
- Gross Receipts: $12,158,886
Assets and Liabilities:
- Total Assets: $9,981,470
- Total Liabilities: $7,412,401
- Net Assets: $2,569,069
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Organization Details
Founding Year
2013
Principal Officer
Anthony Featherstone
Website
www.worksourcemontgomery.comNTEE Category
Code: S50 - Community improvement
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