Overview
What is Bay Consortium Workforce Investment Board Inc?
Bay Consortium Workforce Investment Board Inc, located in Warsaw, Virginia, is a nonprofit organization with a mission to assist economically disadvantaged adults, as well as individuals with physical or mental challenges, in preparing for employment. They do this by offering job training and education programs funded by the Workforce Investment Act. Operating with a team of seven dedicated individuals, they administer these funds on a local level, providing employer assistance to facilitate a smooth transition into the workforce. Their operations extend beyond just job training, as they also focus on providing federally funded educational programs to help individuals gain the necessary skills for employment.
Official website here: www.vcwbay.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Bay Consortium Workforce Investment Board Inc has received an 81% rating from Charity Navigator, indicating a strong level of accountability and financial health. This score is derived completely from the Accountability & Finance beacon, which reflects the organization's commitment to transparency and ethical governance practices.
The board of the organization is entirely composed of independent members, ensuring unbiased oversight. Significant strengths include a well-documented conflict of interest policy and effective financial oversight, evidenced by full marks in areas such as audit committee establishment and the absence of material asset diversion. Moreover, the program expense ratio is commendable at 82.02%, suggesting a significant portion of its resources is directed towards its mission-related activities.
While the organization demonstrates robust governance and financial responsibility, the rating does not provide insights into its overall program effectiveness or impact. Therefore, potential donors and supporters might want to consider further evaluations of the programs offered by the organization to understand how effectively it achieves its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Consortium Workforce Investment Board Inc legitimate?
Bay Consortium Workforce Investment Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Consortium Workforce Investment Board 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: $256,891
For more financial information, click here
Official website here: www.vcwbay.com
What is the mission statement of Bay Consortium Workforce Investment Board Inc?
The Bay Consortium Workforce Investment Board Inc's mission is centered around administering Workforce Investment Act funding on a local level. This involves overseeing federally funded job training and educational programs, as well as providing employer assistance. Their primary goal is to prepare adults for entry into the labor force and to offer job training/education to economically disadvantaged individuals, as well as those with physical or mental challenges, with the aim of helping them secure employment.
Official website here: www.vcwbay.com
Who is the CEO of Bay Consortium Workforce Investment Board Inc?
Ashley Forbes is the Member-At-La of Bay Consortium Workforce Investment Board Inc.
Official website here: www.vcwbay.com
What is the revenue of Bay Consortium Workforce Investment Board Inc?
Bay Consortium Workforce Investment Board Inc's revenue in 2022 was $1,616,394.
Official website here: www.vcwbay.com
Who are the executives of Bay Consortium Workforce Investment Board Inc and what are their salaries?
The average compensation at Bay Consortium Workforce Investment Board Inc during 2022 was $36,699. There are 7 employees at Bay Consortium Workforce Investment Board Inc.
Here are 8 key members and their salaries:
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Official website here: www.vcwbay.com
Where can I find the form 990 for Bay Consortium Workforce Investment Board Inc?
Bay Consortium Workforce Investment Board Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vcwbay.com
Learn more at the official website: www.vcwbay.com
Mission Statement of Bay Consortium Workforce Investment Board Inc
Bay Consortium Workforce Investment Board Inc is dedicated to administering Workforce Investment Act funding on a local level. This nonprofit organization plays a crucial role in facilitating federally funded job training and educational programs, as well as providing employer assistance. By overseeing these programs, Bay Consortium Workforce Investment Board Inc aims to prepare economically disadvantaged adults for entry into the workforce. Furthermore, they offer job training and education to individuals who are physically or mentally challenged or disabled, enabling them to secure employment. This mission is instrumental in empowering individuals to improve their livelihoods and contribute positively to their communities.
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Impact
July, 2024
Bay Consortium Workforce Investment Board Inc's impact includes preparing adults for entry into the labor force and providing job training and education opportunities to economically disadvantaged individuals, those who are physically or mentally challenged/disabled, and those in need of obtaining employment. By administering Workforce Investment Act funding on a local level and offering federally funded job training and educational programs, this organization plays a pivotal role in helping individuals acquire the skills and support needed to secure employment and improve their economic well-being. Through their work, Bay Consortium Workforce Investment Board Inc contributes to the development of a more skilled and diverse workforce, ultimately benefiting both individuals and the broader community.
This information is meant to be a general summary of Bay Consortium Workforce Investment Board 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.
- Program Service Revenue: $140,501
- Gross Receipts: $1,616,394
Assets and Liabilities:
- Total Assets: $71,562
- Total Liabilities: $185,437
- Net Assets: -$113,875
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMPREHENSIVE ONE STOP
Revenue
$140,501
Organization Details
Founding Year
2000
Phone
(804) 333-4048Principal Officer
Ashley Forbes
Main Address
PO BOX 1117 479 MAIN STREET, WARSAW, VA, 225721117
Website
www.vcwbay.comNTEE Category
Code: J220 - Employment
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