Overview
What is Lat Workforce Investment Board Inc?
Lat Workforce Investment Board Inc, located in Houma, Louisiana, is a nonprofit organization dedicated to promoting employment opportunities for economically disadvantaged adults. They accomplish this through various programs, including classroom and on-the-job training, work experience, and supportive services. The organization, governed by Workforce Development Board Inc. for Lafourche, Assumption, and Terrebonne Parishes, aims to provide a comprehensive program in a one-stop environment, ensuring necessary partners are present as required by the Workforce Investment Act (WIA). Their mission is to create a skilled and productive workforce for the area, offering core, intensive, and follow-up services to meet the needs of both job seekers and employers. The organization employs a team of two individuals, committed to improving the local workforce.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Lat Workforce Investment Board Inc has received a solid rating of 79%, indicating a commendable level of accountability and financial management. The rating is derived entirely from a single beacon score focusing on Accountability & Finance, reflecting the organization’s commitment to maintaining high governance standards.
The organization excels in key areas such as having an entirely independent board and a strong audit and oversight framework. It has scored full points in multiple governance categories, including conflict of interest and whistleblower policies, indicating a robust commitment to ethical practices. Additionally, its program expense ratio of 83.42% shows that a significant portion of its expenditures directly supports its programs.
However, while the organization demonstrates strong governance and financial practices, a single focus on Accountability & Finance limits the overall assessment of its effectiveness and impact in the community. Stakeholders may want to consider other indicators of success beyond financial metrics when evaluating the organization's broader contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Lat Workforce Investment Board Inc legitimate?
Lat Workforce Investment Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lat 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: $85,821
Professional Fundraising Fees: $0
Other Salaries and Wages: $58,786
For more financial information, click here
What is the mission statement of Lat Workforce Investment Board Inc?
The Lat Workforce Investment Board Inc's mission, as per its description, is centered around workforce readiness and training. This organization serves a specific workforce area, encompassing Lafourche, Assumption, and Terrebonne parishes. Their primary goal is to administer comprehensive programs that offer core and intensive training services, as mandated by the Workforce Investment Act (WIA). These services are designed to cater to both job seekers and employers, aiming to create a skilled and productive workforce in the area. These services are provided in a one-stop environment, which brings together all necessary partners, as required by WIA.
Who is the CEO of Lat Workforce Investment Board Inc?
Frank Lewis is the Chairman of Lat Workforce Investment Board Inc.
What is the revenue of Lat Workforce Investment Board Inc?
Lat Workforce Investment Board Inc's revenue in 2022 was $1,464,048.
Who are the executives of Lat Workforce Investment Board Inc and what are their salaries?
The average compensation at Lat Workforce Investment Board Inc during 2022 was $72,304. There are 2 employees at Lat Workforce Investment Board Inc.
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Where can I find the form 990 for Lat Workforce Investment Board Inc?
Lat Workforce Investment Board Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lat Workforce Investment Board Inc
The Lat Workforce Investment Board Inc, with jurisdiction over Workforce Area #3, which encompasses Lafourche, Assumption, and Terrebonne Parishes, is dedicated to promoting regional workforce readiness and training. Their mission, in line with the Workforce Investment Act (WIA), is to administer a comprehensive program that provides essential core and intensive training services to both job seekers and employers. This is accomplished in a one-stop environment, ensuring the involvement of necessary partners as required by WIA. The ultimate goal is to foster a skilled and productive workforce for their area, aiming to bridge the gap between job seekers and employers, thereby contributing to a stronger and more dynamic local workforce.
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Impact
July, 2024
Lat Workforce Investment Board Inc's impact lies in its crucial role in providing workforce readiness and training programs in a regional context. Through the distribution of funds to subrecipients, the organization works to enhance the employability of economically disadvantaged adults. This is achieved by offering classroom and on-the-job training, work experience, and other supportive services. Additionally, the organization conducts employer outreach, job search, and direct placement activities to facilitate the integration of individuals into the workforce.
Operating in the workforce area #3, encompassing Lafourche, Assumption, and Terrebonne Parishes, Lat Workforce Development Board, Inc. is dedicated to administering core, intensive, training, and follow-up services mandated by the Workforce Investment Act. The organization's mission is to meet the diverse needs of both job seekers and employers in the region by offering comprehensive services within a one-stop environment comprising essential partners as required by WIA guidelines.
By striving to develop a skilled and productive workforce, Lat Workforce Investment Board Inc significantly contributes to enhancing economic opportunities and workforce development in the community it serves.
This information is meant to be a general summary of Lat 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.
- Gross Receipts: $1,464,048
Assets and Liabilities:
- Total Assets: $251,212
- Total Liabilities: $192,880
- Net Assets: $58,332
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Organization Details
Founding Year
2000
Phone
(985) 580-7249Principal Officer
Frank Lewis
Main Address
PO BOX 4115, HOUMA, LA, 70361
NTEE Category
Code: J20 - Employment
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