Overview
What is Worksource - Greater Austin Area?
Worksource - Greater Austin Area Dba Workforce Solutions - Capital is a local nonprofit organization situated in Austin, Texas, with a US address at 9001 N IH35 Suite 110 E, ZIP code 78753. With a team of 48 dedicated employees, their mission is to drive the development of a world-class workforce for the Austin and Travis County region. They offer policy and program guidance and administer workforce development programs, serving approximately 7,604 employers and 10,712 job seekers in the fiscal year. Additionally, they cater to the needs of 13,595 youth, providing services to an average of 3,408 children daily.
Official website here: www.wfscapitalarea.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% - Three-Star out of Four Star Rating
Worksource - Greater Austin Area has earned a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. This rating indicates a commendable level of transparency and effective management of resources, which are crucial for donor trust and organizational integrity.
The organization boasts a strong accountability framework, with 100% of board members being independent. It has also implemented various policies including conflict of interest and whistleblower protections, which enhance its governance. Additionally, an impressive program expense ratio of 92.55% suggests that the majority of its funds are directed toward its programs rather than administrative costs.
However, the organization faces some challenges, particularly in its liabilities to assets ratio, which scored 0 out of 15 points. This indicates potential financial instability or high debt levels, which could raise concerns among stakeholders regarding its long-term sustainability. Overall, while Worksource demonstrates notable strengths in governance and program efficiency, it is essential for potential donors to consider its financial liabilities when assessing the organization’s overall health.
This AI summary has been generated from information found on Charity Navigator.
Is Worksource - Greater Austin Area legitimate?
Worksource - Greater Austin Area is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worksource - Greater Austin Area 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: $596,268
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,291,479
For more financial information, click here
Official website here: www.wfscapitalarea.com
What is the mission statement of Worksource - Greater Austin Area?
Worksource-Greater Austin Area Dba Workforce Solutions-Capital is dedicated to spearheading the evolution of the local workforce system, with a focus on creating a top-tier workforce. By offering policy guidance and managing workforce development programs, the organization plays a crucial role in this endeavor. In the current fiscal year, the entity catered to 7,604 employers and 10,712 job seekers, while also serving 13,595 youth and an average of 3,408 children daily.
Official website here: www.wfscapitalarea.com
Who is the CEO of Worksource - Greater Austin Area?
Tamara Atkinson is the Ceo of Worksource - Greater Austin Area. The CEO's salary of Worksource - Greater Austin Area is $184,097 and their total compensation is $184,097.
Official website here: www.wfscapitalarea.com
What is the revenue of Worksource - Greater Austin Area?
Worksource - Greater Austin Area's revenue in 2022 was $67,000,756.
Official website here: www.wfscapitalarea.com
Who are the executives of Worksource - Greater Austin Area and what are their salaries?
The average compensation at Worksource - Greater Austin Area during 2022 was $226,828. There are 48 employees and 30 volunteers at Worksource - Greater Austin Area.
Here are 32 key members and their salaries (Worksource - Greater Austin Area's CEO's salary is $184,097 and their total compensation is $184,097):
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Official website here: www.wfscapitalarea.com
Where can I find the form 990 for Worksource - Greater Austin Area?
Worksource - Greater Austin Area's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wfscapitalarea.com
Learn more at the official website: www.wfscapitalarea.com
Mission Statement of Worksource - Greater Austin Area
Worksource - Greater Austin Area Dba Workforce Solutions - Capital is a leading organization in the development of a first-rate workforce for the region. With a mission to guide the area's workforce system, this nonprofit takes assertive steps to foster a skilled and competitive labor force.
The organization plays a crucial role in providing policy and program direction, as well as administering workforce development programs for the Austin and Travis County Service delivery area. Worksource - Greater Austin Area Dba Workforce Solutions - Capital serves a substantial number of employers, facilitating growth and innovation within the business community. In the current fiscal year, the organization supported 7,604 employers, contributing to a thriving regional economy.
Simultaneously, the nonprofit caters to the needs of job seekers, empowering them to acquire the necessary skills and knowledge for employment. During the same fiscal year, the organization assisted 10,712 individuals in their job search journey. Furthermore, the organization reaches out to the youth population, providing services to a total of 13,595 young people. On a daily basis, the organization ensures an average of 3,408 children benefit from its programs, setting them up for future success.
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Impact
October, 2024
Worksource - Greater Austin Area significantly impacts the local economy and community by enhancing the workforce system and connecting job seekers with employment opportunities. Over the past fiscal year, the organization served 7,604 employers, facilitating their access to a skilled labor pool. This support not only assists businesses in meeting their staffing needs but also boosts economic growth within the region.
In addition, Worksource provided services to 10,712 job seekers, helping them acquire the skills and resources necessary to secure meaningful employment. The organization has a strong focus on youth development, having served 13,595 young individuals and supporting an average of 3,408 children daily. These efforts contribute to building a robust future workforce, preparing youth for career opportunities and personal development.
Overall, Worksource - Greater Austin Area plays a vital role in shaping a world-class workforce, driving workforce development, and fostering economic stability in the Austin and Travis County area.
This information is meant to be a general summary of Worksource - Greater Austin Area. 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: $7,384
- Program Service Revenue: $593,017
- Gross Receipts: $67,000,756
Assets and Liabilities:
- Total Assets: $11,423,097
- Total Liabilities: $11,491,010
- Net Assets: -$67,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other Contracts
Revenue
$593,017
Organization Details
Founding Year
1984
Phone
(512) 597-7100Principal Officer
Tamara Atkinson
Main Address
9001 N IH35 Suite 110 E, Austin, TX, 78753
Website
www.wfscapitalarea.comNTEE Category
Code: J200 - Employment
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