River Valley Workforce Institute
- Assets
- $821.1k
- Revenue
- $15.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Lebanon, NH
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-1485594
Organization Overview
River Valley Workforce Institute is located in Lebanon, NH. The organization was established in 2010. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, River Valley Workforce Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Valley Workforce Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, River Valley Workforce Institute generated $15.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $262.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHING BUSINESS AND ACADEMIC PARTNERSHIPS INCLUDING CREATING EMPLOYMENT OPPORTUNITIES IN ADVANCED MANUFACTURING AND HEALTHCARE FIELDS FOR UNEMPLOYED AND UNDEREMPLOYED NEW HAMPSHIRE RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CNC-STAR (CNC MACHINIST STAR PROGRAM) SKILLS THROUGH APPRENTICESHIP & RETRAINING THE STAR PROGRAM IS DESIGNED TO RETAIN THOSE DISLOCATED AND UNEMPLOYED AND MENTORED FOR AVAILABLE MANUFACTURING CAREERS. THE PROGRAM IS BASED IN PART, ON USDOL REGISTERED APPRENTICESHIP PROGRAMS, GENERALLY USED FOR CAREERS IN THE TRADES SUCH AS PLUMBING AND ELECTRICAL. THIS PROGRAM HAS BEEN SUCCESSFULLY USED NATIONALLY AND HAS BEEN RECOGNIZED AS A MODEL THAT CAN BE USED AS A MODEL FOR CREATING OTHER APPRENTICESHIP OPPORTUNITIES THROUGHOUT THE UNITED STATES. IT IS RUN AS AN ACADEMIC PROGRAM AWARDING COLLEGE CREDITS THROUGH VARIOUS COLLEGE PARTNERSHIPS.
ACA (ACADEMIC CREDIT ACHIEVEMENT) THE ACA PROGRAM IS DESIGNED TO WORK WITH BOTH LOACAL AND NATIONAL INSTITUTIONS OF HIGHER EDUCATION TO AWARD ACADEMIC CREDITS FOR BOTH THE RELATED INSTRUCTION AND ON-THE-JOB LEARNING COMPONENTS OF A USDOL REGISTERED APPRENTICESHIP PROGRAM FOR THE PURPOSE OF OBTAINING ACADEMIC CREDIT, ACADEMIC CERTIFICATES, ACADEMIC ASSOCIATE AND BACHELOR DEGREES IN ADDITION TO THE USDOL CERTIFICATE OF COMPLETION OF A REGISTERED APPRENTICESHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Ghazi President/treasurer/director | OfficerTrustee | 40 | $120,000 |
Julie Davis Board Chair | Trustee | 40 | $87,516 |
John Collins Secretary/director | OfficerTrustee | 1 | $0 |
Juliane Hegle Director | Trustee | 1 | $0 |
James Rogers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $15,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,961 |
| Payroll taxes | $15,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3 |
| Information technology | $3,551 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,875 |
| Insurance | $2,748 |
| All other expenses | $0 |
| Total functional expenses | $262,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,458 |
| Savings and temporary cash investments | $566,120 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,504 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $821,082 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $821,082 |
| Total liabilities and net assets/fund balances | $821,082 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jobs For The Future Inc Boston, MA | $45,400,683 | $55,577,164 |
Youthbuild Usa Inc Roxbury, MA | $41,660,191 | $41,513,584 |
National Telecommuting Institute Boston, MA | $7,581,785 | $15,508,649 |
Masshire Hampden County Workforce Board Inc Springfield, MA | $3,346,725 | $13,329,757 |
South Middlesex Non-Profit Housing Corporation Framingham, MA | $86,868,885 | $12,461,508 |
Vermont Associates For Training & Development Inc St Albans, VT | $530,190 | $11,812,343 |
Metro North Regional Employment Board Cambridge, MA | $4,304,049 | $8,929,878 |
Boston Private Industry Council Inc The Boston, MA | $4,429,141 | $9,619,259 |
Brockton Area Workforce Investment Board Inc Brockton, MA | $3,481,000 | $4,577,121 |
Preparatory Rehabilitation For Individual Development & Employmen Taunton, MA | $2,482,765 | $4,882,354 |
Coastal Counties Workforce Inc Brunswick, ME | $265,238 | $4,023,165 |
Hampden County Career Center Inc Holyoke, MA | $867,599 | $3,400,795 |