Overview
What is Penquis Mental Health Association?
The Penquis Mental Health Association is a charitable organization located in Bangor, Maine (PO Box 1162). Their primary mission revolves around supporting and fostering services for individuals with developmental disabilities, psychiatric issues, and physical handicaps. They achieve this by recognizing and promoting the good works of existing agencies in Piscataquis and Penobscot counties. Their efforts extend beyond mere recognition, as they also acquire and lease capital goods to benefit these organizations, provide interest-free loans to address cash flow issues, and collaborate on projects that align with their shared interests. Ultimately, their goal is to maintain and develop services for the disabled and handicapped population in these regions.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
Penquis Mental Health Association has achieved a high rating of 94% from Charity Navigator, highlighting its strong performance in accountability and finance. This rating is solely based on the organization's financial practices and governance, indicating a commitment to transparency and effective management of resources.
The organization boasts a fully independent board, ensuring diversity and oversight with 10 out of 10 members being independent. It also scores full points for having robust policies in place, including conflict of interest and whistleblower policies. Additionally, the organization has demonstrated responsible financial management, maintaining a low liabilities-to-assets ratio and directing a significant portion of its expenses towards programs.
While the rating reflects an impressive financial standing, it is important to note that the score is based exclusively on financial metrics, which may not capture the full spectrum of the nonprofit's overall impact or program effectiveness. Nonetheless, the strong accountability and fiscal responsibility indicated by the score suggest that Penquis Mental Health Association is a well-managed organization working towards its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Penquis Mental Health Association legitimate?
Penquis Mental Health Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penquis Mental Health Association 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: $0
For more financial information, click here
What is the mission statement of Penquis Mental Health Association?
The Penquis Mental Health Association's mission is focused on promoting and fostering services for individuals with developmental disabilities, psychiatric issues, and physical handicaps. This is primarily achieved by supporting existing agencies, recognizing their valuable contributions, providing capital goods to benefit these organizations, offering interest-free loans to address cash flow issues, and collaborating in projects of mutual interest. The association aims to support these organizations in maintaining and developing essential services for the betterment of those in need.
Who is the CEO of Penquis Mental Health Association?
Kara Hay is the Chief Executive Officer of Penquis Mental Health Association. The CEO's salary of Penquis Mental Health Association is $0 and their total compensation is $226,679.
What is the revenue of Penquis Mental Health Association?
Penquis Mental Health Association's revenue in 2022 was $126.
Who are the executives of Penquis Mental Health Association and what are their salaries?
There 8 volunteers at Penquis Mental Health Association.
Here are 10 key members and their salaries (Penquis Mental Health Association's CEO's salary is $0 and their total compensation is $226,679):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $199,385
- Other: $27,294
- Compensation: $0
- Related: $158,758
- Other: $21,719
Where can I find the form 990 for Penquis Mental Health Association?
Penquis Mental Health Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Penquis Mental Health Association
The Penquis Mental Health Association, a non-profit organization, is dedicated to supporting and fostering services for individuals with developmental disabilities, psychiatric issues, and physical handicaps. Their mission is primarily carried out by recognizing the commendable work of existing agencies, lending a hand in acquiring and leasing capital goods to benefit these organizations, offering interest-free loans to address cash flow issues, and collaborating on projects that align with their shared interests. In essence, the Penquis Mental Health Association aims to uplift and empower agencies catering to these individuals, ensuring they have the resources and support necessary to deliver quality care and services.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
Penquis Mental Health Association is dedicated to encouraging the maintenance and development of services to the developmentally disabled, psychiatrically disabled, and physically handicapped individuals in Piscataquis and Penobscot counties. Through supporting existing agencies, providing interest-free loans, and collaborating on projects, Penquis Mental Health Association plays a crucial role in ensuring that vital services are available to those in need. Their impact can be seen in the improved quality of life for individuals receiving long-term support through programs like Charlotte White Center, ultimately contributing to a more inclusive and supportive community for all.
This information is meant to be a general summary of Penquis Mental Health Association. 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: -$161,453
- Program Service Revenue: $161,579
- Gross Receipts: $1,755,705
Assets and Liabilities:
- Total Assets: $5,302,562
- Total Liabilities: $1,961,194
- Net Assets: $3,341,368
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Residential Based Care
Revenue
$161,579
Organization Details
Founding Year
1975
Phone
(207) 973-3500Principal Officer
Kara Hay
Main Address
PO Box 1162, Bangor, ME, 044021162
NTEE Category
Code: F30Z - Mental health
If you are a representative of Penquis Mental Health Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.