Overview
What is Mcs Economic Development Corporation?
The Mcs Economic Development Corporation, situated in Los Angeles, California, is a nonprofit organization that primarily focuses on workforce development. Their mission involves supporting unemployed or under-employed adults, dislocated workers, welfare beneficiaries, veterans, and individuals with disabilities. By providing them with the necessary skills and resources, this organization aims to help these individuals secure employment opportunities within local start-up and established businesses in Los Angeles. Additionally, Mcs Economic Development Corporation offers Work Incentive Planning and Assistance (WIPA) services, which are designed to assist Social Security disability beneficiaries in understanding how employment may impact their benefits, thereby promoting self-sufficiency. With a workforce of three dedicated individuals, this organization plays a crucial role in Los Angeles's economic development and community growth.
Is Mcs Economic Development Corporation legitimate?
Mcs Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcs Economic Development Corporation 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: $198,013
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What is the mission statement of Mcs Economic Development Corporation?
The Mcs Economic Development Corporation's mission is centered around providing workforce development opportunities. It focuses on assisting unemployed or under-employed adults, dislocated workers, welfare beneficiaries, veterans, and individuals with disabilities. The corporation aims to equip these individuals with the necessary skills to be employed by local start-ups and established businesses. This not only aids the entrepreneurial operations by providing them with personnel capacity building but also contributes to the individuals' self-sufficiency. The corporation offers Work Incentive Planning and Assistance (WIPA) services to those receiving SSI or SSDI benefits through the Social Security Administration, helping them understand how employment could impact their benefits.
Who is the CEO of Mcs Economic Development Corporation?
Unavailable
What is the revenue of Mcs Economic Development Corporation?
Mcs Economic Development Corporation's revenue in 2022 was $343,800.
Who are the executives of Mcs Economic Development Corporation and what are their salaries?
The average compensation at Mcs Economic Development Corporation during 2022 was $66,004. There are 3 employees at Mcs Economic Development Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mcs Economic Development Corporation?
Mcs Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mcs Economic Development Corporation
Mcs Economic Development Corporation, a nonprofit organization, is dedicated to providing workforce development services. Its mission is to support unemployed or under-employed adults, dislocated workers, welfare beneficiaries, veterans, and individuals with disabilities. By doing so, the corporation aims to assist local start-up and established businesses in Los Angeles by providing them with skilled personnel. This mission is accomplished through funding that aids in the capacity building of these individuals, enabling them to secure employment opportunities within these businesses.
Furthermore, Mcs Economic Development Corporation offers Work Incentive Planning and Assistance (WIPA) services to individuals receiving SSI or SSDI benefits through the Social Security Administration. WIPA Navigators provided by the corporation help these Social Security disability beneficiaries become more self-sufficient by explaining how employment could impact their benefits. This proactive approach to empowering individuals and businesses alike is reflective of Mcs Economic Development Corporation's commitment to fostering growth and prosperity in the local Los Angeles community.
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Impact
October, 2024
Mcs Economic Development Corporation has a significant impact on the Los Angeles community by providing essential workforce development services aimed at unemployed or under-employed individuals, dislocated workers, welfare beneficiaries, veterans, and people with disabilities. By connecting these individuals with employment opportunities in local start-ups and established businesses, the organization supports both workforce integration and economic growth.
One of the key aspects of Mcs Economic Development Corporation's work is its provision of Work Incentive Planning and Assistance (WIPA) services. These services help individuals receiving Social Security Income (SSI) or Social Security Disability Insurance (SSDI) understand how employment can affect their benefits, empowering them to achieve greater self-sufficiency. WIPA Navigators play a crucial role by guiding beneficiaries through the complexities of their benefits, enabling them to make informed decisions about entering the workforce.
Through its mission, Mcs Economic Development Corporation not only enhances the employability of disadvantaged groups but also strengthens the local economy by supporting businesses with skilled personnel. This dual focus on community improvement and workforce capacity building contributes to a healthier economic landscape in Los Angeles.
This information is meant to be a general summary of Mcs Economic Development Corporation. 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.
- Program Service Revenue: $293,800
- Gross Receipts: $343,800
Assets and Liabilities:
- Total Assets: $90,362
- Total Liabilities: $28,445
- Net Assets: $61,917
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PORGRAM SERVICE REVENUE - WIPA
Revenue
$293,800
Organization Details
Founding Year
2021
Phone
(213) 355-5307Main Address
3333 Wilshire Blvd, LOS ANGELES, CA, 90010
NTEE Category
Code: S30 - Community improvement
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