Overview
What is Central Texas Workforce Development Board Inc?
Central Texas Workforce Development Board Inc, also known as Workforce Solutions of Central Texas, is a nonprofit organization based in Belton, Texas. With a team of 21 employees, they prioritize supporting children through childcare assistance and recruiting infant daycare providers. They also refer job seekers to available job openings and help local businesses by posting job orders. Their mission is to provide quality education, training, and labor market services to both employers and residents in the region, aiming for a competitive advantage in the global economy.
Official website here: www.workforcesolutionsctx.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 77%, Three-Star out of Four Star Rating
Central Texas Workforce Development Board Inc has earned a Three-Star rating from Charity Navigator, which reflects a moderate level of accountability and financial health. The organization's score is primarily based on its strong performance in financial management and governance, with 100% of its board members being independent. This indicates a commitment to ethical oversight and transparency.
The organization has also demonstrated robust financial practices, reporting a high program expense ratio of 89.64%, suggesting that a significant portion of its funds is directed towards its programs and services. Most of its financial statements are adequately audited, and no material diversions of assets have been reported, which further reinforces its credibility.
However, there are notable areas for improvement. The organization lacks a whistleblower policy and has not posted its tax form on its website as required by its form 990. Additionally, its liabilities exceed assets slightly, indicating potential financial risk that should be monitored. While the executive salaries are reasonable, their disclosure could be enhanced to improve transparency further.
This AI summary has been generated from information found on Charity Navigator.
Is Central Texas Workforce Development Board Inc legitimate?
Central Texas Workforce Development Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Texas Workforce Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,331,412
For more financial information, click here
Official website here: www.workforcesolutionsctx.com
What is the mission statement of Central Texas Workforce Development Board Inc?
Central Texas Workforce Development Board Inc is dedicated to providing quality education, training, and labor market services. Their mission is to equip employers and local residents with the tools necessary to thrive in the global economy. They offer childcare assistance to support families, recruit and refer job seekers to available openings, and assist eligible clients in obtaining job training. Additionally, they help local businesses by posting job orders, contributing to the overall economic growth of the region.
Official website here: www.workforcesolutionsctx.com
What is the revenue of Central Texas Workforce Development Board Inc?
Central Texas Workforce Development Board Inc's revenue in 2024 was $38,204,086.
Official website here: www.workforcesolutionsctx.com
Who are the executives of Central Texas Workforce Development Board Inc and what are their salaries?
The average compensation at Central Texas Workforce Development Board Inc during 2024 was $64,327.
Here are 27 key members and their salaries:
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Official website here: www.workforcesolutionsctx.com
Where can I find the form 990 for Central Texas Workforce Development Board Inc?
Central Texas Workforce Development Board Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.workforcesolutionsctx.com
Learn more at the official website: www.workforcesolutionsctx.com
Mission Statement of Central Texas Workforce Development Board Inc
Central Texas Workforce Development Board Inc, also known as Workforce Solutions of Central Texas, is a dedicated organization with a mission to equip both employers and residents in the region with the tools they need to thrive in the global economy. By providing top-notch education, training, and labor market services, they aim to create a competitive edge in the job market.
The board sets out to support local children through various means, including childcare assistance. They strive to recruit infant daycare providers and connect job seekers with available employment opportunities. Additionally, they help eligible clients obtain job training to enhance their skills and employability.
Workforce Solutions of Central Texas plays a pivotal role in the community by assisting businesses in posting job orders and finding qualified candidates to fill their positions. Their services extend beyond the job search, as they also help match job seekers with suitable employment based on their skills and career goals. By fostering strong partnerships between employers and job seekers, they contribute to a more robust and thriving economy in the Central Texas region.
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Impact
October, 2024
Central Texas Workforce Development Board Inc significantly impacts the region by focusing on workforce training and development, fostering economic growth in Belton, TX. The organization supports children by providing childcare assistance while actively recruiting infant daycare providers. They also connect job seekers with available job openings, ensuring a smoother transition into the workforce.
Additionally, the Board aids local businesses by posting job orders, enhancing their reach to qualified candidates. By assisting eligible clients in obtaining job training, they equip individuals with the necessary skills to thrive in a competitive job market. Overall, their mission enhances the quality of education, training, and labor market services, giving both employers and residents a competitive advantage in the global economy.
This information is meant to be a general summary of Central Texas Workforce Development 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 2024.
- Gross Receipts: $38,204,086
Assets and Liabilities:
- Total Assets: $7,678,368
- Total Liabilities: $7,685,567
- Net Assets: -$7,199
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Organization Details
Founding Year
1997
Principal Officer
Susan Kamas
NTEE Category
Code: J20 - Employment
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