Overview
What is Workforce Development Institute Inc?
Workforce Development Institute Inc, located in Albany, New York, is a nonprofit organization dedicated to bettering the lives of working families across the state. They achieve this by gathering workforce intelligence, which serves as the foundation for developing education and training programs, fostering economic development, and providing family support, services for disabled and dislocated workers, and cultural enrichment opportunities. Specifically, their Workers Education and Training Program offers employment-related services to incumbent and displaced workers across New York State. With a team of 37 individuals, Workforce Development Institute Inc is committed to enhancing the livelihoods of the state's working families.
Official website here: www.wdiny.org
What are the reviews and ratings of this charity?
**Workforce Development Institute Inc**
**Charity Navigator Rating: 77% (Three-Star out of Four Stars)**
The Workforce Development Institute Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance primarily in Accountability & Finance. The organization scored well on various financial management practices, showcasing a fully independent board and transparent financial oversight processes. However, there are notable gaps, such as missing policies on document retention and a lack of financial documents posted on its website, which may raise concerns among potential donors.
The organization's Program Expense Ratio is commendable at 82.77%, indicating that a significant portion of its funds is allocated to its programs. Despite this, the high Liabilities to Assets Ratio of 78.33% suggests potential financial risk, requiring attention moving forward. Overall, while the organization demonstrates commendable governance and financial practices, addressing the highlighted limitations could enhance its rating further.
User reviews from GreatNonprofits were not available, which limits insight into public sentiment regarding their service delivery and community impact. This absence of feedback makes it difficult to assess the organization’s on-the-ground effectiveness and how stakeholders view its contributions and relationship with the community.
This AI summary has been generated from information found on Charity Navigator.
Is Workforce Development Institute Inc legitimate?
Workforce Development Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Workforce Development Institute 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: $304,652
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,388,311
For more financial information, click here
Official website here: www.wdiny.org
What is the mission statement of Workforce Development Institute Inc?
The Workforce Development Institute Inc's mission is centered around improving the lives of working families across various states. They achieve this by gathering workforce intelligence, which is then utilized to develop programs in various sectors such as education and training, economic development, family support, services for disabled and dislocated workers, and cultural enrichment. This organization's primary goal is to enhance the livelihoods of working families, providing them with the necessary tools and resources to succeed. The Workforce Development Institute Inc also offers employment-related services through the Workers Education and Training Program, catering to incumbent and dislocated workers across the state.
Official website here: www.wdiny.org
Who is the CEO of Workforce Development Institute Inc?
Edward Murphy is the Former Pres/Exec Dir of Workforce Development Institute Inc.
Official website here: www.wdiny.org
What is the revenue of Workforce Development Institute Inc?
Workforce Development Institute Inc's revenue in 2022 was $10,204,057.
Official website here: www.wdiny.org
Who are the executives of Workforce Development Institute Inc and what are their salaries?
The average compensation at Workforce Development Institute Inc during 2022 was $72,783. There are 37 employees at Workforce Development Institute Inc.
Here are 23 key members and their salaries:
- Compensation: $29,291
- Related: $0
- Other: $2,885
- Compensation: $152,697
- Related: $0
- Other: $7,613
- Compensation: $149,633
- Related: $0
- Other: $23,018
- Compensation: $114,973
- Related: $0
- Other: $9,748
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- Compensation: $134,533
- Related: $0
- Other: $16,609
- Compensation: $123,111
- Related: $0
- Other: $23,121
- Compensation: $115,566
- Related: $0
- Other: $15,499
Official website here: www.wdiny.org
Where can I find the form 990 for Workforce Development Institute Inc?
Workforce Development Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wdiny.org
Learn more at the official website: www.wdiny.org
Mission Statement of Workforce Development Institute Inc
Workforce Development Institute Inc, a notable organization, is committed to enhancing the lives of working families across New York State. To achieve this, they gather workforce intelligence, which serves as the foundation for developing programs in various sectors. These sectors include education and training, economic development, family support, services for disabled and dislocated workers, and cultural enrichment. By leveraging this intelligence, the institute aims to create tailored solutions that cater to the diverse needs of these families.
In essence, the mission of Workforce Development Institute Inc is to serve as a catalyst for change by providing the necessary tools and resources to empower working families. Their approach encompasses a wide range of initiatives, from employment-related services for both incumbent and dislocated workers to cultural enrichment programs. The institute's ultimate goal is to foster an environment where working families can thrive, ensuring a better quality of life for all involved.
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Impact
July, 2024
Workforce Development Institute Inc's impact can be seen in its efforts to improve the lives of working families across New York State. By gathering workforce intelligence and using it to develop programs in education and training, economic development, family support, disabled and dislocated workers services, and cultural enrichment, the organization is helping to empower individuals and strengthen communities. Their Workers Education and Training Program provides vital employment-related services to both incumbent and dislocated workers throughout the state, contributing to workforce development and economic growth. Through their mission-driven work, Workforce Development Institute Inc is making a significant impact on the lives of many individuals and families in New York State.
This information is meant to be a general summary of Workforce Development Institute 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.
- Investment Income: $366
- Program Service Revenue: $47,167
- Gross Receipts: $10,204,057
Assets and Liabilities:
- Total Assets: $2,796,326
- Total Liabilities: $2,134,910
- Net Assets: $661,416
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$47,167
Organization Details
Founding Year
2003
Phone
(518) 463-2141Principal Officer
Edward Murphy
Main Address
96 SOUTH SWAN STREET, ALBANY, NY, 12210
Website
www.wdiny.orgNTEE Category
Code: B60 - Education
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