Overview
What is Workforce Development Board Work4Wv Region 1 Inc?
Workforce Development Board Work4Wv Region 1 Inc, stationed in Beckley, West Virginia, is a nonprofit organization that receives funding under the Workforce Innovation and Opportunity Act. Their primary mission is to offer opportunities for economically disadvantaged individuals to secure employment in specific fields. They achieve this goal by providing job training and services for unemployed, underemployed, or laid-off adults, youth, and dislocated residents. With a dedicated workforce of 83 employees, this organization is committed to empowering individuals in their region to improve their employment prospects.
Official website here: www.r1wib.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Workforce Development Board Work4Wv Region 1 Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and finance management. The organization scored 77% overall, with its evaluation primarily based on accountability and finance metrics. This score is indicative of their strong governance practices, including a fully independent board, effective conflict of interest and whistleblower policies, and regular documentation of board meetings.
The nonprofit demonstrates exceptional financial responsibility, as shown by their high program expense ratio of 95.28%, indicating that a significant portion of their funds is directed towards their programs rather than administrative costs. They also have a strong record of compliance, with no material diversions of assets noted. However, the organization does have a higher liabilities to assets ratio of 90.37%, which may raise some concerns about financial stability.
Overall, Workforce Development Board Work4Wv Region 1 Inc shows a commitment to transparency and accountability, making it a trustworthy option for potential donors. While they excel in several areas, attention to their financial liabilities could enhance their overall financial health and give further assurance to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Workforce Development Board Work4Wv Region 1 Inc legitimate?
Workforce Development Board Work4Wv Region 1 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Workforce Development Board Work4Wv Region 1 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $869,183
For more financial information, click here
Official website here: www.r1wib.org
What is the mission statement of Workforce Development Board Work4Wv Region 1 Inc?
Workforce Development Board Work4Wv Region 1 Inc's mission is centered around offering job training and services to individuals who are unemployed, underemployed, or have been laid off. The organization aims to provide these services to adults and youth, as well as dislocated residents, with the goal of helping them secure employment in specific fields. The board utilizes funds received under the Workforce Innovation and Opportunity Act to create opportunities for economically disadvantaged individuals, helping them achieve gainful employment.
Official website here: www.r1wib.org
Who is the CEO of Workforce Development Board Work4Wv Region 1 Inc?
Robin Morgan is the Board Member of Workforce Development Board Work4Wv Region 1 Inc.
Official website here: www.r1wib.org
What is the revenue of Workforce Development Board Work4Wv Region 1 Inc?
Workforce Development Board Work4Wv Region 1 Inc's revenue in 2021 was $3,742,575.
Official website here: www.r1wib.org
Who are the executives of Workforce Development Board Work4Wv Region 1 Inc and what are their salaries?
The average compensation at Workforce Development Board Work4Wv Region 1 Inc during 2021 was $11,496. There are 83 employees at Workforce Development Board Work4Wv Region 1 Inc.
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- Compensation: $85,000
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- Other: $17,044
Official website here: www.r1wib.org
Where can I find the form 990 for Workforce Development Board Work4Wv Region 1 Inc?
Workforce Development Board Work4Wv Region 1 Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.r1wib.org
Learn more at the official website: www.r1wib.org
Mission Statement of Workforce Development Board Work4Wv Region 1 Inc
Workforce Development Board Work4Wv Region 1 Inc is committed to providing job training and services to unemployed, underemployed, or laid-off adults, youth, and displaced residents. Their primary mission is to offer job training programs and services aimed at helping these individuals re-enter the workforce and secure stable employment. Utilizing funds received under the Workforce Innovation and Opportunity Act, this organization strives to create opportunities for economically disadvantaged individuals to succeed in specific fields of work. By offering job training programs, Workforce Development Board Work4Wv Region 1 Inc aims to empower individuals and contribute to the overall economic growth of the community.
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Impact
July, 2024
Workforce Development Board Work4WV Region 1 Inc's impact is significant in providing job training and services to unemployed, underemployed, or laid off adults, youth, and dislocated residents in Region 1. Their activities are focused on helping economically disadvantaged individuals obtain gainful employment in specific fields of work. By leveraging funds received under the Workforce Innovation and Opportunity Act, this organization plays a crucial role in creating opportunities for individuals facing employment challenges to build skills, find meaningful work, and contribute to the local economy. Through their mission to provide job training programs and services, Workforce Development Board Work4WV Region 1 Inc is making a direct impact on the lives of those in need of employment support in Beckley, WV.
This information is meant to be a general summary of Workforce Development Board Work4Wv Region 1 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 2021.
- Investment Income: $77
- Program Service Revenue: $2,661
- Gross Receipts: $3,742,575
Assets and Liabilities:
- Total Assets: $991,264
- Total Liabilities: $861,185
- Net Assets: $130,079
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS REVENUE
Revenue
$2,661
Organization Details
Founding Year
2000
Phone
(304) 253-3611Principal Officer
Robin Morgan
Main Address
200 NEW RIVER TOWN CENTER NO 200, BECKLEY, WV, 25801
Website
www.r1wib.orgNTEE Category
Code: J20 - Employment
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