Overview
What is Virginia Ready Initiative?
Virginia Ready Initiative, abbreviated as VA Ready, is a nonprofit organization based in Alexandria, Virginia. Established in 2020, its primary mission is to swiftly equip Virginians with necessary skills for in-demand jobs in high-growth industries. By providing credentials in these sectors, the initiative aims to help individuals find career paths that offer financial stability and fulfillment. In its second fiscal year, VA Ready has made significant strides, impacting many lives and promising further progress in the coming months. The organization, with a team of 14 employees, is dedicated to making a positive change in Virginia's workforce and community.
Official website here: www.vaready.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Virginia Ready Initiative has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score of 100% in both Accountability & Finance and Leadership & Adaptability, the organization demonstrates a robust commitment to transparency and effective governance. Notably, 83% of its board members are independent, contributing to a well-rounded and unbiased leadership structure.
In terms of financial health, the initiative has maintained a remarkable program expense ratio of 88.76%, ensuring that a significant portion of its resources is directed towards its mission-driven programs. The organization also displays sound financial practices, with no material diversion of assets reported and a low liabilities to assets ratio of 5.72%. This indicates a strong financial position and responsible management of resources.
While the data presented highlights many strengths, it is important for potential donors and volunteers to consider the organization’s ongoing adaptability and the potential impact of future challenges. The Virginia Ready Initiative has made substantial investments in leadership development, ensuring its capability to respond to changing circumstances effectively. Overall, the organization is well-equipped to fulfill its mission while maintaining high standards of accountability and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Ready Initiative legitimate?
Virginia Ready Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Ready Initiative 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: $151,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $612,205
For more financial information, click here
Official website here: www.vaready.org
What is the mission statement of Virginia Ready Initiative?
The Virginia Ready Initiative's mission is focused on rapidly reskilling individuals for in-demand jobs in high-growth industries. By offering credential support, the initiative aims to provide Scholars with career pathways that are not only family-sustaining but also fulfilling. The initiative has made significant strides in a short time, and its mission continues to drive change and improvement in Virginia's workforce. Although the information provided mentions the beginning of the initiative in response to pandemic-related job losses, it has since expanded its scope beyond that initial purpose.
Official website here: www.vaready.org
Who is the CEO of Virginia Ready Initiative?
Natalie Foster is the Chief Executive Officer Left of Virginia Ready Initiative. The CEO's salary of Virginia Ready Initiative is $124,049 and their total compensation is $131,261.
Official website here: www.vaready.org
What is the revenue of Virginia Ready Initiative?
Virginia Ready Initiative's revenue in 2022 was $1,469,381.
Official website here: www.vaready.org
Who are the executives of Virginia Ready Initiative and what are their salaries?
The average compensation at Virginia Ready Initiative during 2022 was $54,567. There are 14 employees and 45 volunteers at Virginia Ready Initiative.
Here are 9 key members and their salaries (Virginia Ready Initiative's CEO's salary is $124,049 and their total compensation is $131,261):
- Compensation: $124,049
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- Other: $7,212
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Official website here: www.vaready.org
Where can I find the form 990 for Virginia Ready Initiative?
Virginia Ready Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vaready.org
Learn more at the official website: www.vaready.org
Mission Statement of Virginia Ready Initiative
Virginia Ready, an initiative aimed at rapid reskilling, seeks to empower Virginians by providing them with necessary credentials in high-growth industries. The primary objective of Virginia Ready is to help individuals discover career pathways that are both financially sustaining and personally fulfilling in these in-demand sectors. By supporting this mission, Virginia Ready aims to create a significant impact in a short span of time, ultimately contributing to overall improvement in Virginia. Despite its relatively recent inception, Virginia Ready has demonstrated its commitment to fostering change and bettering the lives of Virginians.
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Impact
July, 2024
Virginia Ready Initiative has had a significant impact in rapidly reskilling Virginians for in-demand jobs by supporting credentials in high-growth industries. This initiative has provided individuals with the opportunity to find career pathways that are family-sustaining and fulfilling. By partnering with various stakeholders and supporters, Virginia Ready has successfully helped Virginians re-enter the workforce following unprecedented job losses at the start of the pandemic. The impact of Virginia Ready goes beyond just addressing immediate challenges; it is actively creating positive change in Virginia's employment landscape for the better.
This information is meant to be a general summary of Virginia Ready Initiative. 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: $98,480
- Gross Receipts: $4,570,924
Assets and Liabilities:
- Total Assets: $7,826,033
- Total Liabilities: $248,040
- Net Assets: $7,577,993
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Organization Details
Founding Year
2020
Principal Officer
Natalie Foster
Main Address
107 S West Street STE 135, Alexandria, VA, 22314
Website
www.vaready.orgNTEE Category
Code: J20 - Employment
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