Overview
What is Institute For Workforce Development?
The Institute for Workforce Development is a nonprofit organization situated in Olympia, Washington. Its primary mission is to strengthen the state's workforce by serving as a link between Washington's 34 community and technical colleges and the business sector. The Institute conducts interviews, site visits, and group discussions with educators and business executives to identify the state's requirements for highly skilled and trained workers, particularly in the manufacturing sector. By doing so, the Institute ensures the fulfillment of training needs within this specific industry cluster. In essence, the Institute for Workforce Development provides the business community with the necessary tools and resources to build a robust workforce, playing a crucial role in workforce development and skill enhancement.
Official website here: www.awbinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48% (Zero-Star out of Four Star rating)
The Institute for Workforce Development has received a score of 48%, which translates to a Zero-Star rating. This rating highlights significant concerns regarding the organization’s financial accountability and transparency practices. While the charity has a fully independent board, which is a positive indicator, it falls short in several critical areas that affect its overall score.
Strengths of the organization include a solid independent board composition and effective practices in audit oversight, where it scored full points. However, the charity faces limitations with missing policies such as a whistleblower policy and document retention guidelines. Additionally, it did not post its tax forms on its website, which detracts from its accountability.
Financially, the organization shows a low program expense ratio of 46.59% and a liabilities to assets ratio of 7.82%, both of which contributed to its low rating. These figures suggest that a smaller proportion of its expenses are directed towards programs, raising questions about its operational efficiency and impact on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For Workforce Development legitimate?
Institute For Workforce Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Workforce Development 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
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Other Salaries and Wages: $95,873
For more financial information, click here
Official website here: www.awbinstitute.org
What is the mission statement of Institute For Workforce Development?
The Institute for Workforce Development is dedicated to supporting the business community by providing them with essential tools and resources. Its primary goal is to help build a robust workforce. To achieve this, the Institute works closely with the state's 34 community and technical colleges, acting as a bridge between these educational institutions and the business sector. Through interviews, site visits, and group discussions, they aim to understand the state's need for highly skilled and trained workers, particularly in the manufacturing cluster. The Institute's mission is to fulfill this need by offering appropriate training programs.
Official website here: www.awbinstitute.org
Who is the CEO of Institute For Workforce Development?
Kris Johnson is the Director of Institute For Workforce Development.
Official website here: www.awbinstitute.org
What is the revenue of Institute For Workforce Development?
Institute For Workforce Development's revenue in 2022 was $807,985.
Official website here: www.awbinstitute.org
Who are the executives of Institute For Workforce Development and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.awbinstitute.org
Where can I find the form 990 for Institute For Workforce Development?
Institute For Workforce Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.awbinstitute.org
Learn more at the official website: www.awbinstitute.org
Mission Statement of Institute For Workforce Development
The Institute for Workforce Development is committed to serving the business community by providing them with the necessary tools and resources to build a robust workforce. In pursuit of this mission, the Institute acts as a liaison between the state's 34 community and technical colleges and the business sector. By conducting interviews, site visits, and group discussions with educators and business executives, the Institute aims to understand the state's demand for highly trained and skilled workers, particularly in the manufacturing cluster. The ultimate goal is to ensure that the workforce is equipped with the required skills to meet the needs of the state's businesses, thereby fostering a strong and productive workforce.
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Impact
July, 2024
The Institute For Workforce Development has a significant impact on the business community by providing tools and resources to build a strong workforce. Through collaborations with community and technical colleges in the state, the Institute serves as a crucial liaison between educational institutions and businesses. By conducting interviews, site visits, and group discussions with educators and business executives, the Institute ensures that the state's workforce is well-trained and skilled, especially in areas such as manufacturing. This directly addresses the need for highly trained workers in various industries, contributing to the overall economic growth and prosperity of the region.
This information is meant to be a general summary of Institute For Workforce Development. 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: $2
- Program Service Revenue: $303,803
- Gross Receipts: $807,985
Assets and Liabilities:
- Total Assets: $638,758
- Total Liabilities: $50,000
- Net Assets: $588,758
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTED SERVICES
Revenue
$162,000
GRANTS
Revenue
$123,073
MEETINGS, SEMINARS, AN
Revenue
$18,730
Organization Details
Founding Year
2001
Phone
(360) 943-1600Principal Officer
Kris Johnson
Main Address
PO BOX 7933, OLYMPIA, WA, 985077933
Website
www.awbinstitute.orgNTEE Category
Code: B60 - Education
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