Overview
What is Puget Sound Oic?
Puget Sound Oic Dba Puget Sound Training Center is a nonprofit organization situated in Renton, Washington. Their primary mission is to assist low-income individuals in the Puget Sound Region by offering customized skills training and developing employment opportunities. They receive funding from the Office of Refugee and Immigrant Assistance and specialize in supporting newly arrived refugees and immigrants. Their services include career planning, comprehensive case management, cultural navigation, financial literacy, and sustainable job placement, aiming to help participants achieve and maintain employment for over 90 days. In fiscal year 2022, they successfully moved 99 individuals towards financial stability through culturally competent employment and customized job training. The organization employs a team of 7 individuals.
Official website here: www.pstrainingcenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Puget Sound OIC, doing business as Puget Sound Training Center, has received an impressive 96% rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization has achieved a Four-Star rating, indicating a high level of transparency and effective management of its resources. The score is based solely on the Accountability & Finance beacon, suggesting that the organization prioritizes ethical practices and financial stewardship.
One of the notable strengths of Puget Sound OIC is its governance structure. The organization boasts a fully independent board, which enhances its integrity and decision-making process. Additionally, it has implemented multiple policies to ensure ethical operations, including conflict of interest and whistleblower policies, which are essential for maintaining accountability. Their financial health is also reflected in a low liabilities to assets ratio and a program expense ratio of 80.65%, demonstrating a strong commitment to directing funds towards programs that benefit the community.
While the overall rating is exemplary, the data does not provide insights into the organization's program impact or client satisfaction, which are critical factors for assessing its overall effectiveness. Nevertheless, the financial management and governance practices indicate that Puget Sound OIC is a responsible organization, poised to make a significant difference in its community.
This AI summary has been generated from information found on Charity Navigator.
Is Puget Sound Oic legitimate?
Puget Sound Oic is a legitimate nonprofit organization registered as a 501(c)(3) entity. Puget Sound Oic 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: $299,384
For more financial information, click here
Official website here: www.pstrainingcenter.com
What is the mission statement of Puget Sound Oic?
Puget Sound Training Center, operating under the name Puget Sound OIC, is committed to offering tailored skills training programs for individuals with limited income residing in the Puget Sound region. The primary objective is to not only equip these individuals with necessary skills but also to create employment opportunities for them. The Center's LEP Program, funded by the Office of Refugee and Immigrant Assistance, plays a significant role in this mission. This program provides comprehensive support, including career planning, financial literacy, job placement, and long-term job retention assistance, to newly arrived refugees and immigrants. In the fiscal year 2022, this program helped 99 individuals towards financial stability through culturally competent employment and customized job training, with 70% of them maintaining their employment for over 90 days.
Official website here: www.pstrainingcenter.com
Who is the CEO of Puget Sound Oic?
Joseph P Drake is the CEO of Puget Sound Oic The CEO's salary of Puget Sound Oic is $125,863 and their total compensation is $125,863.
Official website here: www.pstrainingcenter.com
What is the revenue of Puget Sound Oic?
Puget Sound Oic's revenue in 2023 was $716,403.
Official website here: www.pstrainingcenter.com
Who are the executives of Puget Sound Oic and what are their salaries?
The average compensation at Puget Sound Oic during 2023 was $33,265. There are 9 employees and 5 volunteers at Puget Sound Oic.
Here are 7 key members and their salaries (Puget Sound Oic's CEO's salary is $125,863 and their total compensation is $125,863):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $125,863
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $14,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pstrainingcenter.com
Where can I find the form 990 for Puget Sound Oic?
Puget Sound Oic's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pstrainingcenter.com
Learn more at the official website: www.pstrainingcenter.com
Mission Statement of Puget Sound Oic
Puget Sound Training Center, also known as Puget Sound OIC, is a mission-driven organization dedicated to offering customized skills training opportunities for individuals from low-income backgrounds residing in the Puget Sound region. Its primary objective is to not only equip these individuals with necessary skills but also to create and facilitate employment opportunities for them.
To achieve this mission, Puget Sound Training Center provides a comprehensive LEP Program, funded by the Office of Refugee and Immigrant Assistance. This program is specifically designed for newly arrived refugees and immigrants. It offers a range of supportive services, such as career planning, case management, cultural navigation, financial literacy, and job placement assistance. This holistic approach aims to ensure that participants not only secure sustainable employment but also maintain it for an extended period, with 70% of the participants retaining their jobs for over 90 days during fiscal year 2022.
By offering tailored job training and employment opportunities, Puget Sound Training Center plays a vital role in helping low-income individuals in the Puget Sound region improve their financial stability and overall quality of life. The organization's commitment to providing culturally competent services ensures that it can effectively address the unique needs and challenges faced by its diverse clientele.
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Impact
July, 2024
Puget Sound Training Center, operating under the name Puget Sound Oic, has had a significant impact on the low-income individuals in the Puget Sound Region. Through their customized skills training programs, they have helped individuals from diverse backgrounds, including newly arrived refugees and immigrants, move towards financial stability by providing career planning, comprehensive case management, cultural navigation, financial literacy, sustainable job placement, and long-term job retention support.
In fiscal year 2022, Puget Sound Training Center assisted a total of 99 immigrants and refugees in securing employment and developing the necessary skills to maintain their jobs. Impressively, 70% of program participants were able to sustain employment for over 90 days, demonstrating the success of the center's approach in facilitating long-term job retention.
By offering culturally competent employment services and tailored job training, Puget Sound Training Center has not only contributed to the economic empowerment of individuals in need but has also played a crucial role in strengthening the workforce in the region. This organization's commitment to providing opportunities for those facing economic challenges underscores its importance as a key player in promoting social and economic well-being in the Puget Sound area.
This information is meant to be a general summary of Puget Sound Oic. 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.
- Program Service Revenue: $5,945
- Gross Receipts: $716,403
Assets and Liabilities:
- Total Assets: $305,482
- Total Liabilities: $16,020
- Net Assets: $289,462
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Private Pay Training
Revenue
$2,915
Private contracts
Revenue
$3,030
Organization Details
Founding Year
1999
Principal Officer
Samantha Nelson
Website
www.pstrainingcenter.comNTEE Category
Code: P84 - Human services
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