Overview
What is Valeo Vocation?
Valeo Vocation is a nonprofit organization situated in Tacoma, Washington. With a workforce of 495 individuals, the organization focuses on three primary business lines: Light Industrial General Labor Staffing, Shelter Staffing & Operations, and Custodial Staffing. Their mission is to combat homelessness by utilizing employment as a tool. They achieve this through offering transitional jobs, subsidized employment, vocational training, comprehensive case management, financial counseling, career navigation, and support services. In 2022, they paid wages to 372 individuals, assisting many in securing housing. Valeo Vocation empowers individuals to find dignified and meaningful employment, ultimately aiming to bring about transformational change in their lives.
Official website here: www.valeovocation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%
Valeo Vocation has earned a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid overall performance in both accountability and finance. The organization demonstrates strong governance with a fully independent board and effective oversight mechanisms. Notably, it has received full points for its audit committee and program expense ratio, indicating that a significant portion of its financial resources is directed towards its mission.
Despite these strengths, there are areas for improvement. The absence of a whistleblower policy and missing documentation, such as board meeting minutes and the tax form on its website, suggests potential gaps in transparency. Additionally, while its liabilities to assets ratio is within a reasonable range, it could benefit from further financial stability.
Overall, Valeo Vocation shows promise in its philanthropic efforts, but addressing the noted shortcomings could enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Valeo Vocation legitimate?
Valeo Vocation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valeo Vocation 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: $107,836
Professional Fundraising Fees: $28,000
Other Salaries and Wages: $3,571,571
For more financial information, click here
Official website here: www.valeovocation.org
What is the mission statement of Valeo Vocation?
Valeo Vocation's mission is centered around utilizing employment as a strategic tool to combat homelessness. By offering transitional jobs, subsidized employment, vocational training, comprehensive case management, financial counseling, career navigation, and support services, the organization aims to empower individuals to secure dignified, meaningful employment and permanent housing. This approach is designed to bring about transformative change in the lives of those it serves. In 2022, Valeo Vocation expanded its operations across three business lines, providing employment opportunities and helping numerous participants secure housing.
Official website here: www.valeovocation.org
Who is the CEO of Valeo Vocation?
Sherri Jensen is the President of Valeo Vocation.
Official website here: www.valeovocation.org
What is the revenue of Valeo Vocation?
Valeo Vocation's revenue in 2022 was $5,531,688.
Official website here: www.valeovocation.org
Who are the executives of Valeo Vocation and what are their salaries?
The average compensation at Valeo Vocation during 2022 was $7,433. There are 495 employees at Valeo Vocation.
Here are 8 key members and their salaries:
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- Compensation: $107,836
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Official website here: www.valeovocation.org
Where can I find the form 990 for Valeo Vocation?
Valeo Vocation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.valeovocation.org
Learn more at the official website: www.valeovocation.org
Mission Statement of Valeo Vocation
Valeo Vocation, a nonprofit organization, is committed to utilizing employment as a means to eradicate homelessness among its participants. By offering transitional jobs, subsidized employment, vocational training, comprehensive case management, financial counseling, career navigation, and support services, Valeo Vocation empowers individuals to secure dignified and meaningful employment, ultimately leading to permanent housing. In 2022, the organization expanded its operations, employing 372 individuals in its temporary workforce, assisting numerous participants in securing housing.
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Impact
July, 2024
Valeo Vocation's impact can be seen in the lives of individuals who have been provided with wraparound support, access to income, and opportunities for dignified, meaningful employment and permanent housing. Through their activities in light industrial general labor staffing, shelter staffing and operations, and custodial staffing, Valeo Vocation has made a tangible difference in the lives of 372 individuals in 2022 alone. By assisting dozens of participants in moving into housing, Valeo Vocation is actively working towards their mission of using employment as a tool to end homelessness and empower transformational change in the Tacoma, Washington community. Their focus on providing transitional jobs, subsidized employment, vocational training, comprehensive case management, financial counseling, and career navigation sets them apart as an organization dedicated to creating lasting impact and opportunities for those in need.
This information is meant to be a general summary of Valeo Vocation. 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: $13
- Program Service Revenue: $3,770,641
- Gross Receipts: $5,531,688
Assets and Liabilities:
- Total Assets: $1,753,339
- Total Liabilities: $982,679
- Net Assets: $770,660
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Staffing Revenue
Revenue
$3,770,641
Organization Details
Founding Year
2018
Phone
(253) 301-2134Principal Officer
Sherri Jensen
Main Address
Po Box 5970, Tacoma, WA, 98412
Website
www.valeovocation.orgNTEE Category
Code: J22 - Employment
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