Overview
What is Deep East Texas Local Workforce Development Board Inc?
Deep East Texas Local Workforce Development Board Inc is a nonprofit organization based in Lufkin, Texas, specifically located at 415 S First Street Suite 110B, ZIP code 75901. Their mission focuses on increasing the availability, quality, and affordability of child care services for low-income families within their community. These families have parents who are either working or attending training or educational programs. The organization plays a crucial role in providing policy and program guidance, and administering workforce development programs for the 12 counties within the Deep East Texas service delivery area. Their team consists of 19 dedicated individuals.
Official website here: www.detwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Deep East Texas Local Workforce Development Board Inc has received a two-star rating from Charity Navigator, indicating that while there are some strengths, significant areas require attention. The organization scores well in governance, with a fully independent board and strong policies in place regarding conflicts of interest and whistleblowing. Additionally, their program expense ratio is impressive, suggesting that a large portion of their budget is directed towards their programs.
However, the nonprofit faces notable challenges in its financial reporting, as it has not provided financial statements, which severely impacts its accountability score. The liabilities to assets ratio is also concerning, reflecting a high level of liabilities in comparison to its assets. This could raise questions about the organization's financial health and sustainability in the long term.
Overall, while the Deep East Texas Local Workforce Development Board Inc demonstrates a commitment to transparency and effective program spending, the lack of financial documentation and high liabilities indicate a need for operational improvements to enhance trust among stakeholders and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Deep East Texas Local Workforce Development Board Inc legitimate?
Deep East Texas Local Workforce Development Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Deep East Texas Local 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: $229,306
Professional Fundraising Fees: $0
Other Salaries and Wages: $754,504
For more financial information, click here
Official website here: www.detwork.org
What is the mission statement of Deep East Texas Local Workforce Development Board Inc?
The Deep East Texas Local Workforce Development Board Inc plays a crucial role in guiding policies and administering workforce development programs for a dozen counties within its service delivery area. Its mission is geared towards enhancing the availability, quality, and affordability of child care services for low-income families whose parents are either employed or engaged in training or educational programs. Through its initiatives, the organization aims to foster an environment that supports the economic growth and stability of the community. By overseeing workforce development programs, it ensures that families receive essential services, ultimately enabling them to focus on their personal and professional advancement.
Official website here: www.detwork.org
What is the revenue of Deep East Texas Local Workforce Development Board Inc?
Deep East Texas Local Workforce Development Board Inc's revenue in 2023 was $23,065,269.
Official website here: www.detwork.org
Who are the executives of Deep East Texas Local Workforce Development Board Inc and what are their salaries?
The average compensation at Deep East Texas Local Workforce Development Board Inc during 2023 was $51,779. There are 19 employees at Deep East Texas Local Workforce Development Board Inc.
Here are 32 key members and their salaries:
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Official website here: www.detwork.org
Where can I find the form 990 for Deep East Texas Local Workforce Development Board Inc?
Deep East Texas Local Workforce Development Board Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.detwork.org
Learn more at the official website: www.detwork.org
Mission Statement of Deep East Texas Local Workforce Development Board Inc
Deep East Texas Local Workforce Development Board Inc is a dedicated organization that plays a vital role in guiding policies and administering workforce development programs for the 12 counties within its service delivery area. Its mission is geared towards enhancing the livelihoods of residents by improving the availability, quality, and affordability of child care services for low-income families.
The Board's primary objective is to support working parents and those attending training or educational programs by ensuring they have access to reliable child care services. By increasing the availability of quality child care, the organization enables parents to focus on their professional growth and financial stability, ultimately contributing to the overall wellbeing of their families and the community as a whole.
Deep East Texas Local Workforce Development Board Inc's commitment to its mission is evident in its tireless efforts to expand and enhance child care services for families in need. The organization's unwavering dedication to its cause makes it an invaluable resource for the 12 counties it serves, paving the way for brighter futures and stronger communities.
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Impact
October, 2024
Deep East Texas Local Workforce Development Board Inc significantly impacts the region by providing essential policy and program guidance across a 12-county area. It administers workforce development programs that cater to the unique needs of the local community, enhancing employment opportunities for residents.
A key initiative is the provision of child care services aimed at increasing the availability, quality, and affordability of care for low-income families. This allows parents to work or pursue educational and training programs without the worry of finding suitable child care. By strengthening the workforce and supporting families, Deep East Texas Local Workforce Development Board Inc plays a vital role in fostering economic growth and stability in the Deep East Texas region.
This information is meant to be a general summary of Deep East Texas Local 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 2023.
- Program Service Revenue: $10,871
- Gross Receipts: $23,065,269
Assets and Liabilities:
- Total Assets: $3,332,213
- Total Liabilities: $2,803,818
- Net Assets: $528,395
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBLEASE INCOME
Revenue
$10,871
Organization Details
Founding Year
1997
Principal Officer
Mark Durand
Website
www.detwork.orgNTEE Category
Code: J22 - Employment
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