Overview
What is Workforce Ventures?
Workforce Ventures is a nonprofit organization located in San Diego, California, dedicated to enhancing workforce development in priority sectors. Their mission involves creating opportunities for low-income or underrepresented individuals interested in growing careers that offer family-sustaining wages. They achieve this by providing funding for education, wrap-around services, mentoring, career readiness, and job placement support. The organization also offers income share arrangements to assist eligible individuals in their education or support services. In addition, Workforce Ventures issues transition bonds and/or social impact incentives to businesses, aiming to improve job quality and inclusive recruitment, hiring, and workforce development processes. The organization consults with other organizations to develop and manage similar workforce development financing programs, operating under a pay-it-forward mechanism that allows successful participants to support future students.
Is Workforce Ventures legitimate?
Workforce Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Workforce Ventures 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: $0
For more financial information, click here
What is the mission statement of Workforce Ventures?
Workforce Ventures is committed to advancing workforce development in priority sectors and occupations. Their mission is to create and provide opportunities for low-income or underrepresented individuals interested in growing careers that offer family-sustaining wages. This is achieved through funding for education, wrap-around services, mentoring, career readiness, and job placement support. The organization also issues transition bonds and social impact incentives to businesses, aiming to improve job quality and inclusive recruitment processes. Workforce Ventures operates a pay-it-forward mechanism, allowing participants who secure high-paying jobs to support future students in their educational pursuits.
What is the revenue of Workforce Ventures?
Workforce Ventures's revenue in 2022 was $0.
Who are the executives of Workforce Ventures and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Workforce Ventures?
Workforce Ventures's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Workforce Ventures
Workforce Ventures, as an organization, is dedicated to promoting workforce development in priority sectors and occupations. It achieves this by creating and offering opportunities to low-income individuals or those underrepresented in the workforce, who are interested in growing careers that provide family-sustaining wages. The organization provides funding for education, wrap-around services, mentoring, career readiness, and job placement support. This support is extended through income share arrangements, which are designed to assist low-income individuals in financing their education or supportive services. Furthermore, Workforce Ventures issues transition bonds and social impact incentives to businesses to enhance the quality of jobs for workers and improve inclusive recruitment, hiring, and workforce development processes. The organization also collaborates with other organizations to develop and manage similar workforce development financing programs. The income share arrangements employed by Workforce Ventures feature a pay-it-forward mechanism, enabling participants who secure high-paying jobs to support future students.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Workforce Ventures significantly impacts workforce development by creating pathways to career success for low-income and underrepresented individuals. By focusing on priority occupations and sectors, the organization facilitates access to education and essential services, enabling participants to secure family-sustaining wages.
Central to this impact are income share arrangements, which provide financial support for education and services, allowing individuals to invest in their future without the burden of immediate repayment. This model fosters a community of support, where those who achieve professional success can reinvest in the program to assist future participants.
Additionally, Workforce Ventures enhances job quality and inclusivity in recruitment and hiring processes through transition bonds and social impact incentives directed at businesses. These efforts not only improve the economic landscape for workers but also contribute to a more equitable workforce.
Furthermore, the organization extends its expertise by consulting with other organizations, helping them develop and manage workforce development financing programs. This collaborative approach amplifies the reach and effectiveness of workforce initiatives, encouraging a broader cultural shift towards inclusive employment practices. Overall, Workforce Ventures plays a pivotal role in advancing economic mobility and nurturing a diverse talent pool, ultimately benefiting both individuals and the economy as a whole.
This information is meant to be a general summary of Workforce Ventures. 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.
Assets and Liabilities:
- Total Assets: $149,459
- Total Liabilities: $0
- Net Assets: $149,459
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2020
Principal Officer
Carlisle Ky Lewis Iii
NTEE Category
Code: P80 - Human services
If you are a representative of Workforce Ventures and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.