Overview
What is Southwest Virginia Workforce Development Board?
The Southwest Virginia Workforce Development Board is a nonprofit organization situated in Lebanon, Virginia. Their primary mission is to offer job training, education, and support to low-income and unemployed workers residing in Southwest Virginia. They achieve this mission by utilizing grants obtained from the Department of Labor, which are distributed through local and state agencies. The Board's activities focus on providing training and education to these individuals, ultimately aiming to enhance their employability and improve their economic situation. The organization is staffed by 24 dedicated professionals, working tirelessly to advance their cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Southwest Virginia Workforce Development Board has received a Two-Star out of Four Star rating from Charity Navigator, indicating significant areas for improvement. With an overall score of 67%, the organization demonstrates strong independent board governance and a healthy liabilities to assets ratio, but lacks in critical areas such as financial transparency and policy documentation.
While the board consists entirely of independent members and maintains effective program expense management, the absence of essential documents such as financial statements, conflict of interest policies, and a whistleblower policy raises concerns about accountability. These deficiencies hinder the nonprofit's ability to communicate its financial health and operational integrity to stakeholders.
Overall, while the organization shows promise in board governance and program efficiency, its lack of transparency and necessary policies must be addressed to enhance trust and credibility within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Virginia Workforce Development Board legitimate?
Southwest Virginia Workforce Development Board is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Virginia Workforce Development Board 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: $674,174
For more financial information, click here
What is the mission statement of Southwest Virginia Workforce Development Board?
The Southwest Virginia Workforce Development Board's mission is centered around providing training and education to low-income individuals or those who are unemployed. They accomplish this by leveraging grants from the Department of Labor, which are distributed through local and state agencies. The board's primary objective is to equip these individuals with the necessary skills to secure employment, thereby contributing to their personal and economic growth. The organization's activities extend beyond just training and education, also providing support to help these individuals navigate employment-related challenges.
What is the revenue of Southwest Virginia Workforce Development Board?
Southwest Virginia Workforce Development Board's revenue in 2024 was $2,398,312.
Who are the executives of Southwest Virginia Workforce Development Board and what are their salaries?
The average compensation at Southwest Virginia Workforce Development Board during 2024 was $28,091. There are 24 employees at Southwest Virginia Workforce Development Board.
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Where can I find the form 990 for Southwest Virginia Workforce Development Board?
Southwest Virginia Workforce Development Board's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Southwest Virginia Workforce Development Board
The Southwest Virginia Workforce Development Board, as a dedicated organization, is committed to providing training and education to individuals who fall under the categories of low-income or unemployed. This mission is accomplished through the use of grants sourced from the Department of Labor, which are channeled through local and state agencies. By offering job training, education, and support, this nonprofit aims to empower these individuals and help them secure employment opportunities. In essence, the Southwest Virginia Workforce Development Board serves as a catalyst for personal growth and financial stability within its community of beneficiaries.
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Impact
July, 2024
Southwest Virginia Workforce Development Board plays a crucial role in providing training, education, and support to low-income and unemployed individuals in Southwest Virginia. By leveraging grants from the Department of Labor passed through local and state agencies, the organization helps individuals gain the skills and knowledge necessary to secure employment opportunities. Their impact is visible in the form of empowering individuals to enhance their employability, thereby contributing to the economic growth and stability of the region.
This information is meant to be a general summary of Southwest Virginia Workforce Development Board. 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: $9
- Program Service Revenue: $9,348
- Gross Receipts: $2,398,312
Assets and Liabilities:
- Total Assets: $371,048
- Total Liabilities: $117,726
- Net Assets: $253,322
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AUTO REPAYMENTS
Revenue
$9,348
Organization Details
Founding Year
1984
Principal Officer
Rachel Patton
NTEE Category
Code: J20 - Employment
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