Overview
What is Careerworks Inc?
Careerworks Inc is a nonprofit organization based in Seattle, Washington, dedicated to bridging the gap between underprivileged young adults and stable, long-term careers. They achieve this by offering free industry-specific training programs, partnering with local organizations, and establishing partnerships with employers for job placement. Their mission is to promote equitable economic opportunities, creating an environment where everyone can achieve career growth and financial stability. Careerworks Inc currently provides two industry-specific programs (banking and non-clinical healthcare) and one general job readiness program, all at no cost to participants. With a 75% placement rate, their model is effective, efficient, and scalable, ensuring young adults from disadvantaged backgrounds gain the necessary skills and resources to secure entry-level jobs with growth potential.
What are the reviews and ratings of this charity?
Charity Navigator Rating 73% - Two-Star out of Four Star rating
Careerworks Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization exhibits some strong accountability and finance practices, there are areas for improvement. The rating is solely derived from the Accountability & Finance score, which stands at 73%. This suggests that the organization maintains a relatively transparent and sound financial structure.
Strengths noted include a fully independent board, with 77% of its members being independent, and strong policies in place regarding conflicts of interest and whistleblower protections. Additionally, the organization has no reported material diversion of assets, and their liabilities to assets ratio is low at 7.84%, indicating financial stability. The program expense ratio is 65.48%, which is decent but suggests that there may be room for more investment in program services.
However, the overall score reflects that there are aspects of financial performance or program effectiveness that have not met higher benchmarks. Continuous improvement in these areas could enhance the organization’s impact and increase its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Careerworks Inc legitimate?
Careerworks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Careerworks 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: $384,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $548,047
For more financial information, click here
What is the mission statement of Careerworks Inc?
Careerworks Inc, as an organization, is committed to connecting young adults from underprivileged communities to sustainable careers. They achieve this through offering free training programs and establishing supportive partnerships, contributing to equitable economic stability. The corporation creates an environment that encourages individuals to secure meaningful careers and attain financial stability. Careerworks Inc offers two industry-specific training programs, providing participants with the necessary skills and direct access to employers. They collaborate with various workforce development and nonprofit organizations across the country to operate their programs effectively. The corporation's model is efficient and scalable, engaging employers in every step of the process, from curriculum development to job fairs. Their programs result in a high placement rate for graduates, ensuring a positive impact on the participants' economic stability.
Who is the CEO of Careerworks Inc?
Les Biller is the Director Of Development of Careerworks Inc.
What is the revenue of Careerworks Inc?
Careerworks Inc's revenue in 2022 was $2,302,834.
Who are the executives of Careerworks Inc and what are their salaries?
The average compensation at Careerworks Inc during 2022 was $93,222. There are 10 employees and 9 volunteers at Careerworks Inc.
Here are 13 key members and their salaries:
- Compensation: $191,600
- Related: $0
- Other: $12,356
- Compensation: $168,720
- Related: $0
- Other: $11,492
- Compensation: $144,612
- Related: $0
- Other: $11,022
- Compensation: $115,000
- Related: $0
- Other: $9,639
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Careerworks Inc?
Careerworks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Careerworks Inc
Careerworks Inc, a nonprofit organization, is dedicated to connecting young adults from underprivileged communities to long-term, stable careers. They achieve this goal by providing free training and fostering supportive partnerships that promote equitable economic stability. The corporation's mission is to create an environment where everyone has the opportunity to secure meaningful careers, financial stability, and thriving communities.
Careerworks Inc offers two industry-specific training programs, one in banking and the other in non-clinical healthcare, allowing participants to acquire the necessary skills for success and direct access to employers seeking to hire. The nonprofit collaborates with experienced workforce development and nonprofit organizations across the nation to operate these programs, providing curricula, learning management software, and financial support. Careerworks Inc leverages its community ties to recruit and support participants, ensuring they have a direct connection to employers. The nonprofit also works closely with employers, offering philanthropic support and commitments to interview and hire program graduates, which results in a high placement rate of 75%.
In summary, Careerworks Inc is a nonprofit organization that connects young adults from underprivileged communities to stable careers through free training and supportive partnerships. They work with industry-specific and job-readiness programs, offering their proprietary curricula, learning management software, and ongoing support to training partners. Careerworks Inc partners with employers to secure interview opportunities and job placements for program graduates, ensuring their programs lead to economic stability for participants and their families.
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Impact
July, 2024
Careerworks Inc's impact is profound, as it directly connects young adults from under-resourced communities to lasting, stable careers through free training. By providing industry-specific programs and cultivating partnerships with employers, Careerworks Inc enables participants to acquire the skills needed to succeed in the workforce and secures job placements with a notable 75% placement rate. Through its innovative and scalable model, Careerworks Inc not only empowers individuals to achieve economic stability but also contributes to building thriving and equitable communities.
This information is meant to be a general summary of Careerworks 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.
- Investment Income: -$2,166
- Gross Receipts: $3,052,715
Assets and Liabilities:
- Total Assets: $628,664
- Total Liabilities: $83,363
- Net Assets: $545,301
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Organization Details
Founding Year
2017
Phone
(206) 535-7543Principal Officer
Les Biller
Main Address
601 UNION STREET SUITE 3030, SEATTLE, WA, 98101
NTEE Category
Code: B60 - Education
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