Overview
What is Skillsource?
Skillsource is a nonprofit organization situated in Chelan, Douglas, Grant, Adams, and Okanogan counties. Their primary mission is to offer career development services, specifically catering to dislocated workers and adults in these areas. During the fiscal year ending June 30, 2020, Skillsource served a total of 1,667 individuals, with 244 of them being dislocated workers. The organization's activities are centered around providing career development assistance, aiming to support individuals in these counties in their professional growth and development.
Official website here: www.skillsource.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Skillsource has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial transparency. This rating is calculated entirely on its performance in the Accountability & Finance beacon, where the organization scored exceptionally well across various metrics, indicating strong governance and responsible management of funds.
The nonprofit demonstrates a robust independent board with 21 members, all of whom are independent, ensuring impartial oversight. Additionally, Skillsource has established comprehensive policies, including conflict of interest and whistleblower protections, further showcasing its dedication to ethical practices. The organization maintains a high program expense ratio, allocating over 93% of its funds directly to its mission-related activities.
While the organization has no noted limitations in the data, its financial health appears solid, with a liabilities to assets ratio of 49.32%. This suggests a balanced financial position, contributing to the overall positive assessment of Skillsource's operations and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Skillsource legitimate?
Skillsource is a legitimate nonprofit organization registered as a 501(c)(3) entity. Skillsource 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: $247,646
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,982,802
For more financial information, click here
Official website here: www.skillsource.org
What is the mission statement of Skillsource?
Skillsource's mission is centered around providing career development services. Specifically, they focus on assisting dislocated workers and adults, offering them the necessary resources to advance their professional growth. During the year ending June 30, 2020, Skillsource served 244 dislocated workers and 1,423 individuals in this capacity. In essence, their mission is to empower individuals with the tools and support needed to navigate their professional journeys.
Official website here: www.skillsource.org
Who is the CEO of Skillsource?
Lisa Romine is the Chief Executive Officer of Skillsource. The CEO's salary of Skillsource is $113,934 and their total compensation is $130,562.
Official website here: www.skillsource.org
What is the revenue of Skillsource?
Skillsource's revenue in 2023 was $6,313,178.
Official website here: www.skillsource.org
Who are the executives of Skillsource and what are their salaries?
The average compensation at Skillsource during 2023 was $12,968. There are 172 employees and 21 volunteers at Skillsource.
Here are 21 key members and their salaries (Skillsource's CEO's salary is $113,934 and their total compensation is $130,562):
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- Compensation: $113,934
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- Other: $16,628
- Compensation: $104,376
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- Other: $8,623
Official website here: www.skillsource.org
Where can I find the form 990 for Skillsource?
Skillsource's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.skillsource.org
Learn more at the official website: www.skillsource.org
Mission Statement of Skillsource
Skillsource, as a nonprofit organization, is committed to providing career development services. Its mission is to support dislocated workers and adults in specific counties, including Chelan, Douglas, Grant, Adams, and Okanogan. During the year ending June 30, 2020, Skillsource served a significant number of individuals in need, catering to 244 dislocated workers and an additional 1,423 individuals. The organization plays a crucial role in helping these individuals navigate their career paths and overcome challenges, contributing to their overall personal and professional growth.
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Impact
July, 2024
Skillsource has a significant impact on the community by providing crucial career development services to dislocated workers and adults in several counties. In the year ended June 30, 2020, Skillsource served 244 dislocated workers and 1,423 individuals, helping them navigate through challenging employment situations and find new opportunities. By offering support and resources to those in need, Skillsource plays a vital role in empowering individuals to secure meaningful employment and contribute positively to the workforce.
This information is meant to be a general summary of Skillsource. 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.
- Investment Income: $1,963
- Program Service Revenue: $1,121,024
- Gross Receipts: $6,522,352
Assets and Liabilities:
- Total Assets: $5,334,081
- Total Liabilities: $2,630,887
- Net Assets: $2,703,194
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BASIC EDUCATION
Revenue
$1,121,024
Organization Details
Founding Year
1984
Phone
(509) 663-3091Principal Officer
Lisa Romine
Main Address
240 N MISSION AVE, WENATCHEE, WA, 98801
Website
www.skillsource.orgNTEE Category
Code: J220 - Employment
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