Overview
What is Lower Rio Grande Valley Workforce Development Board Inc?
The Lower Rio Grande Valley Workforce Development Board Inc, based in McAllen, Texas, serves the counties of Hidalgo, Starr, and Willacy. This nonprofit organization is dedicated to implementing and enhancing a comprehensive workforce development system. By offering high-quality services and resources, they help Americans enhance their careers and enable U.S. companies to find skilled labor. In the last reported period, they served nearly 35,000 customers and over 5,000 employers. Furthermore, they have successfully collaborated with the Texas Attorney General to recover over $122 million in back-owed child support payments since 2005, collecting an additional $443,000 during the last performance period. Additionally, they provide child care services for over 14,000 children daily, assist 3,000 migrant and seasonal farm workers, and serve 500 veterans. Their mission is to empower individuals with the skills and talent required for success, recognizing that each customer is unique and the organization's people are its key asset.
Official website here: www.wfsolutions.org
What are the reviews and ratings of this charity?
77% rating from Charity Navigator indicates a Three-Star out of Four Star rating for Lower Rio Grande Valley Workforce Development Board Inc. This score reflects a strong focus on accountability and finance, showing that the organization manages its resources effectively and adheres to best practices in governance.
The organization boasts a perfect score for having a majority of independent board members, effective oversight through an audit committee, and no material diversion of assets. Additionally, they maintain a clear conflict of interest and document retention policy, which enhances their credibility and operational integrity.
However, there are some limitations, notably the absence of a whistleblower policy, which could raise concerns about transparency and accountability in reporting unethical behavior. Moreover, while their program expense ratio is commendably high, their liabilities to assets ratio could be improved, indicating that the organization may need to better manage its financial obligations. Overall, the Lower Rio Grande Valley Workforce Development Board demonstrates strong governance with areas for potential improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Lower Rio Grande Valley Workforce Development Board Inc legitimate?
Lower Rio Grande Valley Workforce Development Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lower Rio Grande Valley 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: $285,663
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,931,991
For more financial information, click here
Official website here: www.wfsolutions.org
What is the mission statement of Lower Rio Grande Valley Workforce Development Board Inc?
The Lower Rio Grande Valley Workforce Development Board Inc is dedicated to helping individuals acquire the necessary skills and talent to succeed. Recognizing that each customer is unique, the organization considers its people to be its competitive advantage. Through the implementation and development of a comprehensive workforce investment system, Americans are given access to essential tools for managing their careers, while U.S. companies are supported in finding skilled labor. The organization served over 34,000 customers and assisted 5,000 employers, in addition to recovering over $122 million in back-owed child support payments and providing services to over 14,000 children daily.
Official website here: www.wfsolutions.org
Who is the CEO of Lower Rio Grande Valley Workforce Development Board Inc?
Frank Almaraz is the Ceo of Lower Rio Grande Valley Workforce Development Board Inc. The CEO's salary of Lower Rio Grande Valley Workforce Development Board Inc is $167,729 and their total compensation is $167,729.
Official website here: www.wfsolutions.org
What is the revenue of Lower Rio Grande Valley Workforce Development Board Inc?
Lower Rio Grande Valley Workforce Development Board Inc's revenue in 2022 was $95,386,747.
Official website here: www.wfsolutions.org
Who are the executives of Lower Rio Grande Valley Workforce Development Board Inc and what are their salaries?
The average compensation at Lower Rio Grande Valley Workforce Development Board Inc during 2022 was $59,937. There are 37 employees and 25 volunteers at Lower Rio Grande Valley Workforce Development Board Inc.
Here are 29 key members and their salaries (Lower Rio Grande Valley Workforce Development Board Inc's CEO's salary is $167,729 and their total compensation is $167,729):
- Compensation: $167,729
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Official website here: www.wfsolutions.org
Where can I find the form 990 for Lower Rio Grande Valley Workforce Development Board Inc?
Lower Rio Grande Valley Workforce Development Board Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wfsolutions.org
Learn more at the official website: www.wfsolutions.org
Mission Statement of Lower Rio Grande Valley Workforce Development Board Inc
The Lower Rio Grande Valley Workforce Development Board Inc is a dedicated organization that strives to equip individuals with the necessary skills and talent to achieve success in their careers. Recognizing the unique nature of each customer, the Board prioritizes its people as its greatest asset.
In the third person, the Board's mission is to deliver high-quality services and resources to help Americans effectively manage their careers. By providing access to valuable information and top-notch assistance, the Board plays a crucial role in bridging the gap between job seekers and employers. The organization served a total of 34,389 customers and 5,088 employers, demonstrating its significant impact on the community.
Moreover, the Lower Rio Grande Valley Workforce Development Board Inc extends its reach beyond employment services. It has been instrumental in recovering over $122,969,825 in back-owed child support payments since 2005, with $443,462 collected during the last Non-Custodial Parent Program performance period. Additionally, the organization provided child care services to over 14,242 children daily, supported 3,182 migrant and seasonal farm workers, and served 564 veterans, showcasing its comprehensive approach to empowering individuals and families.
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Impact
October, 2024
Lower Rio Grande Valley Workforce Development Board Inc plays a crucial role in enhancing the workforce landscape in the Hidalgo, Starr, and Willacy counties. By implementing a comprehensive workforce investment system, it empowers individuals with the skills and resources necessary for career success. With a focus on personalized service, the organization acknowledges the unique needs of each customer, positioning its team as a competitive advantage in workforce development.
In recent years, the Board has positively impacted over 34,000 customers, while also connecting 5,088 employers with skilled workers. This not only supports individual career growth but helps local businesses thrive by ensuring they have access to qualified talent. Additionally, the Board collaborates with the Texas Attorney General to recover significant child support payments, totaling over $122 million since 2005, thereby bolstering family stability and financial security in the community.
The organization also addresses specific community needs by providing essential services such as child care for more than 14,000 children daily, support for 3,182 migrant and seasonal farm workers, and dedicated assistance to 564 veterans. Collectively, these efforts foster a more skilled workforce, enhance local economic development, and contribute to the overall well-being of the community in the Lower Rio Grande Valley.
This information is meant to be a general summary of Lower Rio Grande Valley 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 2022.
- Program Service Revenue: $30,115
- Gross Receipts: $95,386,747
Assets and Liabilities:
- Total Assets: $8,185,385
- Total Liabilities: $7,075,466
- Net Assets: $1,109,919
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Workforce Training
Revenue
$30,115
Organization Details
Founding Year
2000
Phone
(956) 683-3731Principal Officer
Frank Almaraz
Main Address
3101 W Business 83, McAllen, TX, 78501
Website
www.wfsolutions.orgNTEE Category
Code: J20 - Employment
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