Overview
What is First Coast Workforce Development Inc?
First Coast Workforce Development Inc is a nonprofit organization situated in Fleming Island, Florida. Their primary mission is to bridge the gap between job seekers and employers by providing essential services and innovative solutions in Northeast Florida. With the Workforce Innovation and Opportunity Act (WIOA) programs, they offer job search assistance, training, and information to youth, adults, and dislocated workers. Their goal is to create a robust workforce development system enabling businesses to excel in the global community. The organization's innovative services go beyond the present by preparing individuals for the jobs of tomorrow.
Official website here: www.careersourcenefl.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
First Coast Workforce Development Inc has received a two-star rating from Charity Navigator, indicating a need for improvement despite a solid accountability and finance score of 100%. The organization demonstrates strong governance with an independent board, having achieved high marks in areas like conflict of interest and whistleblower policies. However, their financial disclosures are lacking, reflected in a poor performance in financial statements and the absence of tax forms on their website.
The organization's program expense ratio is commendable at 89.83%, which suggests that a significant portion of their budget is allocated towards their programs rather than administrative costs. However, the liabilities to assets ratio stands at an alarming 86.55%, raising concerns about their financial stability. This could indicate potential challenges in managing their debts relative to their assets, which may affect their sustainability in the long term.
While the leadership of First Coast Workforce Development Inc appears to have a mix of paid and volunteer positions, the high salary of the president compared to the others raises questions about compensation equity. Overall, while the organization shows strengths in governance and program spending, the financial transparency and stability aspects need considerable attention to enhance their rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is First Coast Workforce Development Inc legitimate?
First Coast Workforce Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Coast Workforce Development 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.
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Official website here: www.careersourcenefl.com
What is the mission statement of First Coast Workforce Development Inc?
First Coast Workforce Development Inc is dedicated to bridging the gap between job seekers and employers. Their mission is to provide innovative services that go beyond employers' expectations for the jobs of today and tomorrow. Through various WIOA programs, they assist youth, adults, and dislocated workers with the necessary resources, advice, and training to secure and maintain good jobs. The organization's ultimate goal is to create a world-class workforce development system that enables businesses to excel in the global community.
Official website here: www.careersourcenefl.com
Who is the CEO of First Coast Workforce Development Inc?
Bruce Ferguson is the Director of First Coast Workforce Development Inc.
Official website here: www.careersourcenefl.com
What is the revenue of First Coast Workforce Development Inc?
First Coast Workforce Development Inc's revenue in 2022 was $15,750,447.
Official website here: www.careersourcenefl.com
Who are the executives of First Coast Workforce Development Inc and what are their salaries?
Here are 19 key members and their salaries:
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- Compensation: $179,777
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Official website here: www.careersourcenefl.com
Where can I find the form 990 for First Coast Workforce Development Inc?
First Coast Workforce Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.careersourcenefl.com
Learn more at the official website: www.careersourcenefl.com
Mission Statement of First Coast Workforce Development Inc
First Coast Workforce Development Inc, a mission-driven organization, is dedicated to linking workers with employment opportunities and helping businesses access a skilled labor force. By offering innovative services, this institution goes beyond employers' expectations for the jobs of today and tomorrow.
The organization's primary goal is to connect workers with jobs, providing them with the necessary tools and resources to succeed in their careers. Through its various programs under the Workforce Innovation and Opportunity Act (WIOA), First Coast Workforce Development Inc caters to the needs of youth, adults, and dislocated workers. It equips them with essential job search assistance, training, and information to secure and maintain good jobs.
First Coast Workforce Development Inc's initiatives not only benefit the workforce but also provide employers with a pool of skilled workers. These employers, in turn, can lead their industries in the global community, contributing to the economic growth and development of the region. By bridging the gap between job seekers and employers, this organization plays a pivotal role in building a world-class workforce development system.
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Impact
October, 2024
First Coast Workforce Development Inc significantly impacts the region by effectively connecting workers to jobs and businesses to the talent they need to thrive. Through innovative services, the organization cultivates a robust talent pipeline addressing both current and future job demands, ultimately enhancing the workforce development system in Northeast Florida.
By offering programs under the Workforce Innovation and Opportunity Act (WIOA), First Coast Workforce Development Inc provides vital support to youth, adults, and dislocated workers. Participants gain access to essential information, advice, job search assistance, and training, empowering them to secure and maintain quality employment. This not only benefits the individuals but also helps employers find skilled workers, ensuring that businesses can lead in the global community. The organization’s efforts contribute to a competitive, well-equipped workforce that drives economic growth and community development in the area.
This information is meant to be a general summary of First Coast Workforce Development 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: $2,157
- Program Service Revenue: $38,978
- Gross Receipts: $15,750,447
Assets and Liabilities:
- Total Assets: $6,846,720
- Total Liabilities: $5,999,709
- Net Assets: $847,011
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET TO WORK
Revenue
$38,978
Organization Details
Founding Year
1996
Phone
(904) 213-3800Principal Officer
Bruce Ferguson
Main Address
1845 TOWN CENTER BLVD 250, FLEMING ISLAND, FL, 32003
Website
www.careersourcenefl.comNTEE Category
Code: J20 - Employment
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