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Workforce Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133632018 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Workforce Development Corporation?

Workforce Development Corporation is a nonprofit organization situated in New York City, specifically at One Liberty Plaza STE 11th F, New York, NY 10006. Their primary mission is to foster workforce development and stimulate job creation by designing targeted activities aimed at cultivating a skilled workforce within the City of New York. They accomplish this through various training programs, such as Employer-based training, Food and Beverage Industry partnership, Sector-based training, Jamaica Now Action Plan, Media and Entertainment training, Manufacturing Industry Partnership, and Tech Industry partnerships. By leveraging significant funding from EDC, they connect New Yorkers to sector-specific occupational skills training and internship opportunities, ultimately leading to full-time employment. Additionally, the organization assists businesses in enhancing their competitiveness by offering skills training for their employees, resulting in higher wages and transferrable skills for the workers.


Is Workforce Development Corporation legitimate?

Workforce Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Workforce Development Corporation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,922,553

For more financial information, click here


What is the mission statement of Workforce Development Corporation?
Who is the CEO of Workforce Development Corporation?
What is the revenue of Workforce Development Corporation?
Who are the executives of Workforce Development Corporation and what are their salaries?
Where can I find the form 990 for Workforce Development Corporation?

Mission Statement of Workforce Development Corporation

The Workforce Development Corporation, a notable organization, is committed to fostering workforce development and job creation in New York City. Their mission is accomplished through various activities meticulously designed to cultivate a skilled workforce within the city. By implementing initiatives such as employer-based training, sector-based training, and industry partnerships with sectors like food and beverage, manufacturing, tech, and media and entertainment, the organization aims to bridge the gap between job seekers and potential employment opportunities. Their efforts also extend to helping businesses enhance their competitiveness by providing skills training for their employees, thereby leading to higher wages and transferable skills for the workers. In essence, the Workforce Development Corporation serves as a catalyst for fostering a skilled workforce and promoting job creation in New York City.

Impact

This information is meant to be a general summary of Workforce Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Workforce Development Corporation's impact lies in its commitment to promoting workforce development and job creation in the City of New York. By offering a range of workforce training programs such as Employer-based training, Food and Beverage Industry partnership, Sector-based training, and others, the organization has successfully connected New Yorkers to sector-based skills training and internship opportunities, leading to long-term employment prospects. Through strategic partnerships and major funding sources, Workforce Development Corporation has helped businesses enhance their competitiveness by providing necessary skills training to their workforce, ultimately resulting in higher wages and improved transferable skills for employees. The organization's focus on creating a skilled workforce not only benefits individuals seeking employment but also contributes to the economic growth and sustainability of New York City.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,100
  • Program Service Revenue: $0
  • Gross Receipts: $9,301,383

    • Assets and Liabilities:
  • Total Assets: $11,524,641
  • Total Liabilities: $7,053,673
  • Net Assets: $4,470,968
  • Organization Details

    Founding Year

    1991

    Principal Officer

    Jackie Mallon

    Main Address

    One Liberty Plaza STE 11th F, New York, NY, 10006

    NTEE Category

    Code: B99 - Education

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